The State Bank of Pakistan (SBP) has released its latest Mark-to-Market (M2M) exchange rates for August 29, 2025. These rates provide important guidance for businesses, investors, and individuals tracking foreign exchange movements.
The data, compiled from brokerage houses and Reuters Eikon Terminal, shows closing interbank averages for major currencies. It highlights trends in the US Dollar, Saudi Riyal, UAE Dirham, Kuwaiti Dinar, Canadian Dollar, and Qatari Riyal.
Key Dollar and Currency Rates
The Dollar rate today Pakistan stood at PKR 281.77 in interbank trading, down by 0.03 from August 28. The 1-month forward rate rose slightly to PKR 283.24, while the 6-month rate reached PKR 289.03. In the open market, the dollar was traded between PKR 282.8 and PKR 283.6.
The Saudi Riyal showed a small decline in ready rates at PKR 75.09, while forward contracts reflected gains up to PKR 78.04 for one year. The UAE Dirham also slipped marginally to PKR 76.71, but longer-term contracts moved higher.
The Kuwaiti Dinar recorded a slight increase to PKR 922.18, with the 6-month rate crossing PKR 947.82. The Canadian Dollar strengthened to PKR 205.02, reflecting higher costs for trade and remittances linked to Canada. The Qatari Riyal dipped to PKR 77.29, showing minor relief for Pakistanis working in Qatar.
Other Currencies
Among European currencies, the Euro rose to PKR 328.88, while the British Pound slipped slightly to PKR 380.06. The Swiss Franc and Australian Dollar both strengthened, with the latter reaching PKR 184.19.
Market Implications
The mixed currency performance shows short-term stability for the Pakistani Rupee, with minor gains against the dollar and pound. However, forward rates for most currencies remain higher, signaling concerns about possible rupee weakness in the coming months.
For businesses, these shifts affect trade pricing and financial planning. For individuals, the impact is felt in remittances, travel costs, and education expenses abroad.
The SBP’s M2M rates continue to serve as an essential benchmark for daily financial revaluations across Pakistan’s banking and trade sectors.
