Currency Exchange Rates in Pakistan: USD, GBP, AED, and SAR Show Mixed Trends on December 11, 2024

Karachi: On December 11, 2024, the foreign exchange market in Pakistan witnessed slight fluctuations in the exchange rates of major foreign currencies including the US Dollar, British Pound, UAE Dirham, and Saudi Riyal. The UAE Dirham and Saudi Riyal experienced modest increases, while the British Pound saw a slight decline compared to the previous day.
The purchase price of the UAE Dirham in Pakistan today stood at 75.70 PKR, marking a 2-paise increase, while its selling price reached 76.35 PKR. This change reflects a small upward movement in the value of the Dirham against the Pakistani Rupee.
Similarly, the Saudi Riyal saw a minor 1-paisa rise. Its purchase price was recorded at 74 PKR, with the selling price reaching 74.39 PKR. These adjustments indicate a slight strengthening of the Riyal in the local market.
On the other hand, the British Pound experienced a slight decline. On Tuesday, the purchase price of the Pound was 354.30 PKR, while the selling price stood at 359.51 PKR. The Pound saw a decrease of 53 paise, as compared to its previous closing price of 354.83 PKR.
These currency rate changes reflect the ongoing trends in the global financial markets and can have an impact on both the domestic economy and international trade. Investors and the general public closely monitor these fluctuations, as they offer insights into the overall economic conditions and the strength of Pakistan’s currency relative to global benchmarks.