Pakistani Rupee (PKR)
Pakistan's primary currency. USD 27B+ in annual remittances support the PKR.
🇵🇰 About the Pakistani Rupee (PKR)
The Pakistani Rupee (PKR) is managed by the State Bank of Pakistan (SBP) under a market-determined exchange rate system introduced under the 2023-24 IMF conditions. Previously, Pakistan maintained an artificially fixed rate that contributed to severe reserve depletion. The shift to a market rate, while painful initially, was a structural requirement for IMF support.
Pakistan experienced one of the most dramatic currency crises in recent emerging market history — the PKR lost over 60% of its value against the USD between 2019 and 2023. The crisis was driven by: unsustainable current account and fiscal deficits, declining forex reserves (briefly below USD 4 billion in early 2023), inflation peaking at 38%, and political instability.
The IMF Extended Fund Facility (USD 7 billion, 2024-2027) has been the primary stabiliser for PKR. Under the programme, Pakistan committed to: maintaining a market-determined exchange rate, fiscal consolidation (primary surplus), energy sector reforms, and SOE privatisation. Quarterly IMF reviews are the key catalysts for PKR direction.
Remittances are Pakistan's economic lifeline — USD 27+ billion annually, representing approximately 9-10% of GDP. Saudi Arabia (35%), UAE (24%), UK (10%), USA (8%), and Qatar (8%) are the top sources. These inflows provide the primary source of USD supply for Pakistan's economy and are the most important structural support for the PKR.
💱 Convert PKR To Other Currencies
Live mid-market rates — click any pair for the full converter with conversion table and analysis.
💱 Convert Other Currencies To PKR
⚙️ What Drives the Pakistani Rupee?
Key economic factors that move the PKR exchange rate — monitored by traders, investors and expats.
📊 PKR Exchange Rate Forecasts
📰 PKR Currency Articles & Analysis
📊 Popular PKR Forecasts
Most-read PKR exchange rate outlooks — updated regularly
🕒 Recently Updated — PKR Pages
Converter pages with latest market data and analysis
✈️ Travel Tips — PKR
In Pakistan, cash (PKR) is still dominant, especially outside major cities. ATMs are available in Karachi, Lahore, Islamabad, and other major cities. Currency exchange at Saddar market (Karachi) or Anarkali (Lahore) offers near-open-market rates. Keep some USD/AED/GBP for flexibility — widely accepted in exchange markets.
💸 Remittance Tips — PKR
For PKR remittances, ACE Money Transfer specialises in the Pakistan corridor and often offers the best rates. Wise is competitive with full transparency. Western Union and MoneyGram are widely accessible in Pakistan but have higher margins. Always check: (1) the exchange rate offered vs current interbank rate; (2) total transfer fees. Small differences in rate add up on large amounts.