Karachi – The State Bank of Pakistan (SBP) has released its latest Mark-to-Market (M2M) exchange rates, showing updated foreign currency values against the Pakistani Rupee (PKR) for May 12, 2026.
According to Beyond Time News, the rates provide reference values for banks, traders, importers, exporters, and remittance transactions across the country.
US Dollar Holds at Rs278.66
The US Dollar US Dollar is trading at Rs278.66 for same-day settlement.
This remains the key benchmark for imports, remittances, and external payments. Forward estimates suggest a gradual rise in coming months, reflecting expectations of mild rupee pressure.
Pound, Euro and Other Major Currencies
The British Pound British Pound is priced at Rs376.46, while the Euro Euro stands at Rs327.26.
Other notable rates include:
- UAE Dirham: Rs75.87
- Saudi Riyal: Rs74.27
- Canadian Dollar: Rs203.30
- Swiss Franc: Rs356.85
- Chinese Yuan: Rs41.01
Gulf Currencies Remain Strong
Gulf currencies continue to hold higher value due to strong remittance inflows. The Kuwaiti Dinar Kuwaiti Dinar remains the highest at Rs909.92, followed by the Bahraini Dinar at Rs738.71 and the Qatari Riyal at Rs76.45.
Dollar and other currency rates in Pakistan – May 11, 2026
Market Trend
The rupee remained largely stable against the US Dollar, while slight fluctuations were observed in other major currencies such as the British Pound and Euro.
Analysts say the market is currently range-bound, with limited volatility in daily trading.
Conclusion
The latest SBP data shows relative stability in the Pakistani rupee, while global currency movements continue to influence exchange rates, especially for trade and remittances.
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