KARACHI – UK Pound exchange rate recorded losses against Pakistani rupee as it stood at Rs356.50 on Wednesday, 9 April 2025.
The selling rate of the pound also witnessed fluctuation as it is being sold for Rs3360.50 at various outlets of exchange companies, according to Exchange Companies Association.
The currency code for the British Pound Sterling is GBP, which is the official currency of the United Kingdom. The pound sign (£) is used for the British Pound Sterling, also known as “sterling.”
UK Pound to PKR Today
1 UK Pound = Rs356.50
Currency exchange rates are influenced by several key factors such as economic situation of a country that determine how much one currency is worth relative to another.
The most fundamental factor is market demand for a currency. If more people or businesses need a currency for trade or investment, its value rises. If demand drops, the currency’s value falls.
Pakistan and the UK share strong historical, cultural, and diplomatic ties. The UK is a key trade partner and an important destination for Pakistani diaspora, with over a million Pakistanis living there.
Both countries collaborate on areas such as education, trade, defense, and counter-terrorism. The UK also provides significant aid and development support to Pakistan.
Meanwhile, the total liquid foreign reserves of Pakistan recorded as $15,579.7 million while the State Bank of Pakistan held reserves stood at $10,676.3 million in the week ended on March 28, 2025.
As per weekly statement, the central bank’s reserves increased by $70 million to $10,676.3 million during the week.
