UK Pound loses ground in Pakistani open market – 12 July 2025

KARACHI – The UK Pound recorded significant losses against Pakistani rupee as the GBP Sterling’s buying rate dipped to Rs384.97 in open market on Saturday.

The selling rates for the Pound also decreased and stood at Rs388.17, according to the currency exchange association.

For overseas Pakistanis, currency exchange is essential for sending remittances. Keeping track of exchange rates supports informed decisions in business, travel, and economic planning.

UK Pound to PKR Rate Today

Buying: Rs384.97

Selling: Rs388.17

A huge number of Pakistanis living in the UK contribute to Pakistan’s economy through regular remittances. In June 2025, remittances from the UK recorded at $537.6 million.

Overall, Pakistan recorded workers’ remittances inflow of $3.4 billion in June 2025.

According to the data released by the State Bank of Pakistan (SBP) on Wednesday, workers’ remittances increased by 7.9 per cent on a year-on-year basis.

During fiscal year 2024-25, workers’ remittances rose by 26.6 per cent to $38.3 billion as compared with $30.3 billion in 2023-24.

Remittances during June 2025 were mainly sourced from Saudi Arabia ($823.2 million), United Arab Emirates ($717.2 million), United Kingdom ($537.6 million) and United States of America ($281.2 million).

Meanwhile, the weekly inflation, measured by the Sensitive Price Indicator (SPI) for the combined consumption group decreased by 1.23 percent on year-on-year basis during the week ending on July 10 as compared to the corresponding week of last year (2024).

However, on week-on-week basis, the SPI for the group increased by 0.95 percent during the week compared to last week, Pakistan Bureau of Statistics (PBS) said in its report.

Continue Reading