Live Currency Exchange Rates in Pakistan

Real-time exchange rates for major currencies against Pakistani Rupee (PKR). Includes instant remittance converter for overseas workers and freelancers.

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Currency Converter (To PKR)

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You Receive in Pakistan

Net Amount in PKR

Rs. 278,650

Exchange Rate: 1 USD = Rs. 278.65 Zero Fees

IT Export & Home Remittance Guide

0% Withholding Tax on Family Home Remittances Foreign remittances sent by overseas Pakistanis to family members via legal banking channels (PRC / Home Remittance) are completely tax-exempt under Section 111(4) of the Income Tax Ordinance.

Freelancer & IT Exporter Withholding Tax (0.25%) For PSEB-registered IT and freelancing exports, banks deduct a minimal 0.25% final withholding tax upon receiving export proceeds via PRC.

Major Currencies Against Pakistani Rupee (PKR)

Real-time benchmark rates updated throughout the day.

Currency	Symbol	Rate in PKR	Quick Convert (100 Units)

Frequently Asked Shariah & Financial Questions

What is the difference between Interbank and Open Market rates in Pakistan? +

The interbank rate is the rate at which commercial banks trade currencies among themselves (governed by the State Bank of Pakistan). The open market rate is the rate offered by exchange companies to the general public for travel, remittance, and currency cash transactions, typically having a 0.5%–1.5% margin.

What are the Shariah rules for foreign currency exchange (Sarf)? +

Under Islamic jurisprudence (Bab al-Sarf), exchanging one currency for another (e.g., USD for PKR) is permissible provided the exchange takes place on the spot with mutual possession (Taqabud fil-Majlis). Hand-to-hand exchange or immediate digital bank balance transfer satisfies this requirement. Speculative delay trading or forward contracts with leverage involve Riba and Gharar.