Karachi: The UK Pound Sterling (GBP) is being exchanged at Rs. 384.00 for buying and Rs. 388.00 for selling in the open market.
The British Pound remains important for Pakistan due to strong ties with the Pakistani diaspora in the United Kingdom, which contributes significantly to remittances.
Fluctuations in the pound rate directly impact the value of remittances and, in turn, Pakistan’s foreign exchange reserves. This currency also affects bilateral trade between the two countries, especially in textiles and services.
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