Karachi: The UK pound sterling is continuing to trade at higher levels against the Pakistani rupee as global economic conditions and overseas remittance trends are shaping currency market activity in Pakistan.
In the open market, the pound sterling is being bought at Rs. 372.17 and sold at Rs. 377.30. In the interbank market, the currency is being traded at Rs. 372.47 for buying and Rs. 373.13 for selling.
The British pound is remaining important for Pakistan due to strong trade relations, educational links and financial transactions involving overseas Pakistanis living in the United Kingdom. Changes in the pound’s value are influencing tuition expenses, import payments and international travel costs.
Remittances from the UK are continuing to strengthen Pakistan’s foreign exchange inflows and are supporting economic activity at both household and national levels. Stable currency conditions are also helping businesses involved in exports and international services maintain financial predictability.
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