Pakistani Rupee (PKR) Live Exchange Rate & Remittance Guide

About the Pakistani Rupee

The Pakistani Rupee was adopted at independence in 1947, replacing the Indian rupee in the new state. Pakistan moved to a managed-float exchange rate in 1982 and to a freer float since 2019. Recurring balance-of-payments crises and IMF programs have driven significant depreciation over the decades.

Why PKR matters for remittance

Pakistan is the world's seventh-largest remittance recipient at roughly $30 billion annually. Major sending corridors include Saudi Arabia, UAE, USA, UK, and EU countries. Remittances equal 8% of Pakistan's GDP and are the country's largest single source of foreign exchange.

What 1 Pakistani Rupee (PKR) is worth in major currencies right now, at the wholesale mid-market rate.

USD rate is live from Wise's comparison API; other reference rates are derived from the latest USD-anchored mid-market table. Retail providers add a margin on top — see the comparison table on each corridor page for the rate you'll actually receive.

Compare PKR corridors

See live rates and the best providers for each pair.

Pakistan remittance guide

Country profile for sending money TO Pakistan — delivery methods, regulations, recipient guidance.

PKR remittance regulations

The SBP regulates inbound remittances under the Foreign Exchange Manual. Personal remittances through formal banking channels are tax-exempt and incentivised — the Pakistan Remittance Initiative offers free transfers and bonus exchange rates for transfers above $200. Hundi/hawala channels remain illegal but persist.

How to send Pakistani Rupee (PKR)

1. 1

   Use a SBP-approved provider — Wise, Remitly, ACE Money Transfer, Western Union, and the Roshan Digital Account network all qualify for free PRI transfers.

2. 2

   Choose 'bank deposit' for the cheapest delivery; Pakistani recipients typically need only an account number + bank name.

3. 3

   JazzCash and Easypaisa wallet delivery is increasingly common — many providers now support direct wallet credit.

4. 4

   If sending above $200, verify your provider participates in the PRI to receive the bonus exchange rate.

Currency facts

ISO 4217

586

Sub-unit

100 paisa = 1 rupee

Central bank

State Bank of Pakistan (SBP)

Daily FX volume

$1.2 billion/day

Symbol

₨

52-week range (vs USD)

275 – 282

Frequently asked questions