Pakistani Expatriates Benefit from Stable GBP Exchange Rate

The British Pound Sterling (GBP) exchange rate in Pakistan's open market remained stable on Saturday, with a buying rate of Rs349.5 and a selling rate of Rs353. The GBP is the official currency of the United Kingdom, denoted by the currency code GBP and symbolised by the pound sign (£).

There are over 1.5 million Pakistani expatriates living in the UK who regularly send remittances back home. As of May 25, the exchange rate is Rs349.5, meaning that 500 pounds would be equivalent to Rs174,750 in Pakistani currency.

For individuals carrying British Pounds to Pakistan, they can easily convert their GBP to Pakistani Rupees (PKR) by visiting banks or exchange company branches. As of May 25, the current exchange rate for 1,000 pounds is Rs349,500 in the open market.

Monitoring the exchange rate of the British Pound Sterling is essential for Pakistani expatriates in the UK and individuals traveling between the two countries. Understanding the current rates can help in making informed decisions when converting currency. Whether sending remittances or exchanging money for travel purposes, staying updated on exchange rates ensures better financial planning and management.