The State Bank of Pakistan (SBP) has released the latest currency rates for August 8, 2025. These rates provide key information for businesses, investors, and individuals dealing with Pakistan’s financial market.
The SBP’s Mark-to-Market (M2M) currency rates show the weighted average of closing interbank exchange rates. They include important currencies such as the US Dollar (USD), Saudi Riyal (SAR), UAE Dirham (AED), Kuwaiti Dinar (KWD), Canadian Dollar (CAD), and Qatari Riyal (QAR).
On August 8, the ready rates for most currencies declined compared to August 7. The Saudi Riyal dropped slightly to PKR 75.27, while the UAE Dirham fell to PKR 76.90. The Kuwaiti Dinar also saw a decrease, now at PKR 924.79. Similarly, the Canadian Dollar and Qatari Riyal weakened against the Pakistani Rupee.
The US Dollar showed a mixed trend. Its ready rate slightly decreased to PKR 282.47. However, forward rates for the USD rose sharply. For instance, the 1-month forward rate increased to PKR 283.94, and the 6-month rate jumped to PKR 288.70. This indicates market expectations that the Pakistani Rupee might weaken over the medium term.
Other major currencies like the Euro and British Pound also experienced changes. The Euro’s ready rate dropped to PKR 329.37, but its 6-month forward rate rose significantly. The British Pound’s ready rate increased slightly to PKR 379.86.
These fluctuations suggest a possible short-term strengthening of the Pakistani Rupee. This may help lower import costs and ease travel expenses for many Pakistanis. However, the rising forward rates highlight concerns about currency stability in the coming months.
Overall, these currency rates affect trade pricing, remittances, and financial planning across Pakistan. Businesses and individuals are advised to monitor these rates closely as they navigate economic uncertainties.
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