Dollar to PKR Interbank Rate
Today USD to PKR interbank rate is 278.30 according to the official exchange rate set by the State Bank of Pakistan. Today, the value of 1 US dollar has decreased by -0 rupees and -0 paisa in the interbank market.
Interbank Currency Rates in Pakistan Today: Thursday, July 23, 2026
As of Thursday, July 23, 2026, the official USD to PKR interbank rate is Rs. 278.55. These rates, sanctioned by the State Bank of Pakistan, serve as the primary benchmark for the country's official trade and large-scale financial settlements.
Today’s Interbank Rates (Thursday, July 23, 2026 Update)
According to the latest State Bank data, here are the interbank exchange rates for major currencies:
- US Dollar (USD): Rs. 278.55
- Euro (EUR): Rs. 318.68
- British Pound (GBP): Rs. 372.19
- Saudi Riyal (SAR): Rs. 74.19
- UAE Dirham (AED): Rs. 75.86
What is Driving the Interbank Dollar Rate in July 2026?
If you have been tracking the Interbank Dollar rate this week, you will notice the market is holding at the 278.55 level. The USD to PKR exchange is currently reflecting a more managed economic landscape. Unlike the open market, the interbank rate is the "base price" banks use for international trade. Even a minor shift at this level impacts the cost of petrol, electricity, and imported raw materials across the country.
Why Oil and Energy Imports Matter Right Now
Pakistan’s economy in 2026 remains heavily tied to energy costs. The current stability at 278.55 is a result of strategic management:
- Managed Import Bills: Since oil and gas (RLNG) are paid for in Dollars, the State Bank closely monitors the outflow of USD to protect national reserves.
- Trade Balance: When exports show growth, it brings more Dollars into the interbank system, helping the Rupee maintain its position against the USD and Euro (318.68).
- Inflation Control: The government is wary that any sudden jump in the interbank rate will lead to an immediate hike at the petrol pumps, making the current stability crucial for the common man.
The Importance of Official SBP Rates
The interbank rate is the most critical benchmark because:
- Official Trade: Every Letter of Credit (LC) for imports is settled at this rate.
- Debt Servicing: Pakistan’s foreign debt installments are calculated based on these SBP closing figures.
- Market Sentiment: A stable interbank rate at 278.55 builds confidence for foreign investors looking at the Pakistani market.
FAQs
What is the Interbank exchange rate?
The interbank exchange rate is the rate at which banks trade currencies among themselves, serving as a benchmark for currency markets.
How much is 1 USD to PKR in Interbank?
1 USD to PKR in Interbank rate is Rs. 278.30. Interbank Currency Rates refer to State Bank rates in Pakistan.
What is the pound Interbank rate today in Pakistan?
Today Pound to PKR is Rs. 317.44 in interbank rate.
How much interbank exchange rate
Inter bank exchange rates is USD to PKR 278.30, SAR to PKR 74.14, AED to PKR , Euro to PKR 317.44.