Today Dollar Rate in Pakistan – Live USD to PKR Exchange Rate

The today dollar rate in Pakistan is a key indicator of the country’s financial health. As of October 21, 2025, 1 US Dollar equals Rs. 281.50 in the interbank market, while the open market rate stands close to Rs. 282.75.

Pakistan’s currency, the Pakistani Rupee (PKR), has shown remarkable stability compared to earlier quarters of 2025. Experts credit this stability to controlled imports, timely IMF repayments, and improved remittance inflows.

The forex market continues to react to both global economic pressures and domestic fiscal adjustments. Investors, traders, and overseas Pakistanis closely monitor this movement to make informed decisions on remittances, trade, and investments.

How much is 1 dollar to PKR in open market?

As of October 21 2025, 1 US Dollar equals about Rs. 282.75 in Pakistan’s open market. The rate may vary slightly between major cities like Karachi, Lahore, and Islamabad, depending on local demand and currency availability. Exchange companies usually offer a small difference between buying and selling prices. Checking the latest open-market USD to PKR rate from verified sources such as the State Bank of Pakistan or licensed forex dealers helps ensure accurate conversion.

How much is $100 dollars in Pakistan?

Today, $100 equals roughly Rs. 28,275 in Pakistan’s open market (based on the average selling rate of Rs. 282.75 per USD). The exact value can change during the day depending on supply and demand in local forex markets. Travelers and remittance receivers should always check the latest USD to PKR rate before exchanging or sending money, as minor fluctuations can make a noticeable difference on larger amounts.

How much is $1,000 in Pakistani Rupees?

At the current USD to PKR rate of Rs. 281.50 (interbank), $1,000 amounts to approximately Rs. 281,500. In the open market, where the selling rate is slightly higher (around Rs. 282.75), the same amount would convert to nearly Rs. 282,750. These values illustrate how even small daily movements in the dollar rate can impact trade, travel, and remittance decisions across Pakistan.

What is the bank rate for USD to PKR today?

The official interbank rate for USD to PKR today stands at Rs. 281.50 per dollar, according to the State Bank of Pakistan. This rate applies to transactions between banks and large financial institutions. However, individuals exchanging money at banks may face a slightly higher rate due to service charges or transaction margins. The interbank dollar rate is updated daily and serves as the benchmark for determining other foreign-exchange rates across Pakistan.

Interbank Dollar Rate in Pakistan Today

The interbank dollar rate in Pakistan is managed by the State Bank of Pakistan (SBP) and determines how much banks pay when trading foreign currencies.

The slight difference between interbank and open-market rates reflects transaction margins and dealer commissions.

The SBP uses monetary policies, interest-rate adjustments, and reserve management to maintain a balance between inflation control and rupee stability.

Open Market Dollar Rate in Pakistan – Latest Update

The open market dollar rate today represents what the general public and small businesses pay for foreign currency at exchange companies.

Rates vary slightly across cities, but on October 21, 2025, the average market trend is as follows:

This variation is mainly due to local demand, availability of cash dollars, and competition among exchange dealers.

4. Key Factors Influencing Dollar Price in Pakistan Today

The dollar price in Pakistan fluctuates based on multiple domestic and international variables. Here are the main factors driving today’s USD to PKR trend:

a. IMF Program and External Loans

Pakistan’s continuous cooperation with the International Monetary Fund (IMF) ensures access to external funding but also enforces strict fiscal discipline. Loan repayments increase the demand for dollars, slightly raising its value.

b. Oil and Commodity Imports

The country’s dependence on imported fuel, edible oil, and machinery leads to higher dollar demand whenever global oil prices rise.

c. Political and Economic Stability

The rupee’s value is directly linked to political certainty. Stable governance boosts investor confidence and strengthens PKR; instability does the opposite.

d. Global Dollar Index

When the US Dollar Index (DXY) rises globally, it strengthens against regional currencies, including the Pakistani Rupee.

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Historical Data: USD to PKR Exchange Rate (2024–2025)

Analyzing the past year’s performance helps understand the rupee’s trend.

This shows moderate stability over the year, staying mostly within Rs. 280–285 per dollar.

Impact of Dollar Rate on Pakistan’s Economy

The today dollar rate in Pakistan influences almost every economic sector:

Imports

When the dollar strengthens, importers pay more for goods, leading to increased prices of cars, electronics, and raw materials.

Exports

A slightly weaker rupee benefits exporters as Pakistani goods become cheaper internationally. Textile and IT exports have grown under these conditions.

Inflation

A high dollar means costlier imports, which directly increases inflation in fuel, food, and transport sectors.

How the State Bank of Pakistan Controls Dollar Rate

The State Bank of Pakistan (SBP) actively monitors currency exchange trends.

• Reserve Management: SBP uses its foreign exchange reserves to prevent extreme rupee volatility.
• Interest Rate Adjustments: Higher rates attract remittances and discourage unnecessary imports.
• Market Intervention: The central bank occasionally intervenes to prevent speculative trading.

These actions ensure Pakistan maintains a stable currency market.

Dollar Rate in Pakistan Today – Comparison with Other Currencies

This table shows how closely tied Pakistan’s economy is to global currencies through trade and remittances.

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Today Dollar Rate in Pakistan and Its Impact on Common People

The USD to PKR rate today doesn’t just affect banks and investors — it impacts every household.

• Fuel Prices: A stronger dollar raises petroleum and diesel costs.
• Education Abroad: Students paying tuition in USD face higher expenses.
• Remittances: Overseas Pakistanis sending money home benefit when the dollar is high.
• Electronics: Import-dependent gadgets like smartphones and laptops become more expensive.

Forecast: Dollar Rate in Pakistan for Coming Months

Experts forecast the USD to PKR rate to remain between Rs. 280–285 till the end of 2025.

If Pakistan maintains its reform commitments, improves exports, and keeps inflation under control, the rupee could even strengthen slightly by early 2026.

However, global shocks — such as oil price hikes or political uncertainty — could push the dollar upward again.

How Businesses Manage Currency Fluctuations

Business owners and importers in Pakistan often use these strategies to manage dollar volatility:

1. Hedging or Forward Contracts to lock exchange rates.
2. Diversifying Currency Holdings by keeping accounts in USD, GBP, and AED.
3. Timing Imports and Remittances to benefit from favorable rates.
4. Monitoring Daily Forex Trends from verified portals like pave.com.pk and sbp.org.pk.

Why Dollar Rate Today Matters for Investors

For investors, the today dollar rate in Pakistan is a benchmark for making decisions on:

• Foreign Portfolio Investment (FPI) — A stable PKR encourages inflows.
• Gold and Real Estate Prices — These markets often move opposite to the rupee’s strength.
• Stock Market Behavior — Depreciation can reduce profits for companies reliant on imports.

Role of Remittances in Dollar Supply

Overseas Pakistanis contribute heavily to the foreign exchange reserves. Monthly inflows from countries like Saudi Arabia, UAE, and the UK provide billions of dollars, helping stabilize the rupee.

The government encourages digital remittances through programs like:

• Roshan Digital Account (RDA)
• Pakistan Remittance Initiative (PRI)

These initiatives have increased dollar inflow and reduced pressure on the exchange rate.

Future Outlook — Can the Rupee Gain Strength Again?

Analysts believe that if Pakistan maintains:

• Lower trade deficits,
• Improved exports,
• Stable political conditions, and
• Steady remittance inflows,

…the Pakistani Rupee could regain strength and possibly touch Rs. 278–280 per USD by mid-2026.

However, any sudden increase in imports or global interest rate hikes could reverse that trend.

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Conclusion — Dollar Rate Stability Is Key to Growth

The today dollar rate in Pakistan of Rs. 281.50 marks a period of cautious stability. The government’s strict fiscal management and SBP’s interventions have prevented extreme depreciation.

A balanced dollar rate ensures lower inflation, improved investor confidence, and consistent growth in remittances and exports.

As Pakistan continues its reform journey through 2025, maintaining this balance between economic stability and currency control will remain the nation’s top priority.

FAQs — Dollar Rate in Pakistan Today

1. What is the dollar rate today in Pakistan?

As of October 21, 2025, the dollar rate in Pakistan is Rs. 281.50 (interbank) and around Rs. 282.75 (open market).

2. Why does the dollar rate fluctuate every day?

Because of demand-supply imbalance, oil import bills, IMF repayments, and global financial trends.

3. Is the dollar expected to rise or fall in 2025?

Analysts predict mild stability between Rs. 280–285 if reforms and political calm continue.

4. How can I check live dollar rates in Pakistan?

You can check on pave.com.pk, SBP official website, or trusted forex portals.

5. What is the impact of a rising dollar on inflation?

A higher dollar increases the cost of imported goods and fuels inflation in the local market.