KARACHI — The Exchange Rates Committee of the Financial Markets Association of Pakistan issued the official exchange rates bulletin on Thursday. The Pakistan rupee exchange rates apply to transactions with a settlement value date of June 15, 2026.
US Dollar to Pakistani Rupee Conversion Rate
The US dollar was quoted at 278.3225 Pakistani rupees under conversion rates for foreign currency forward cover deposits. The State Bank of Pakistan set this rate for standardized currency transactions.
This official rate excludes FE-25 deposits. It serves as the benchmark for foreign exchange operations across Pakistan’s banking sector.
Interbank Foreign Exchange Framework
The bulletin covers interbank foreign exchange rates applicable for the specified settlement date. These rates apply across all financial institutions operating in Pakistan’s banking sector.
The official exchange rates provide standardized pricing for foreign currency transactions. Banks and financial institutions rely on these rates for key financial operations throughout the country’s financial system.
Applications in Trade and Investment
Financial institutions use these standardized rates for multiple purposes:
- International trade settlements
- Investment transactions
- Cross-border financial activities
The rates ensure consistency across Pakistan’s banking network for all foreign exchange operations. This standardization supports seamless financial transactions across the country’s banking institutions.
