The State Bank of Pakistan (SBP) has issued the latest Mark-to-Market (M2M) foreign currency exchange rates for September 10, 2025, providing crucial guidance for businesses, investors, and the general public tracking the financial markets.
Pakistan’s Currency Market – Key Developments
Compiled from brokerage houses and Reuters Eikon Terminal, these rates reflect the weighted average of closing interbank exchange rates, covering the US Dollar (USD) along with major global currencies, including the Saudi Riyal (SAR), UAE Dirham (AED), Kuwaiti Dinar (KWD), Canadian Dollar (CAD), and Qatari Riyal (QAR). The update also compares today’s rates with those from September 8, 2025, alongside market sentiment highlighted on X (formerly Twitter).
Highlights of Today’s Currency Movements
- Saudi Riyal (SAR): Ready at PKR 75.0698 (slight dip of PKR 0.0076 since Sept 8). Minor relief is expected for remittances and pilgrimage-related travel costs.
- UAE Dirham (AED): Ready at PKR 76.6902, down by PKR 0.0078. A marginal drop could ease trade and expatriate transactions.
- Kuwaiti Dinar (KWD): Ready at PKR 920.8912, slipping by PKR 0.0525. This small decrease may benefit high-value transactions.
- Canadian Dollar (CAD): Ready at PKR 204.0674, down PKR 0.0454. The dip may reduce trade and remittance expenses.
- Qatari Riyal (QAR): Ready at PKR 77.2660, down by PKR 0.0035. Slight relief for workers remitting from Qatar.
- US Dollar (USD): Ready at PKR 281.6039, down by PKR 0.0500. While interbank shows a minor drop, open market buying is reported at PKR 282.5, highlighting continued disparities.
Other Major Currencies
- Euro (EUR): Ready at PKR 329.4765, up PKR 0.6033.
- British Pound (GBP): Ready at PKR 381.0241, up PKR 1.7771.
- Swiss Franc (CHF): Ready at PKR 352.9092, up PKR 2.4626.
- Australian Dollar (AUD): Ready at PKR 185.9290, up PKR 1.6006.
- Singapore Dollar (SGD): Steady at PKR 219.4924.
Market Outlook
The mixed performance—declines in SAR, AED, KWD, CAD, QAR, USD, and gains in EUR, GBP, CHF, and AUD—points to short-term PKR stability but forward rates (6-month to 1-year) suggest possible medium-term weakening.
These M2M rates are essential for banks and authorized dealers for daily revaluation of their books, impacting trade settlements, investment decisions, and financial reporting. For individuals, fluctuations influence remittance values, overseas education expenses, and travel costs.
Source: State Bank of Pakistan (SBP) – Official M2M Release
