The State Bank of Pakistan (SBP) has issued its latest official exchange rates for Friday, May 8, 2026. These updated currency values are important for importers, exporters, overseas Pakistanis, and financial markets tracking the rupee’s performance.
According to Beyond Time News, the rupee remains relatively stable as monetary tightening continues, with the policy rate recently held at 11.50% to manage inflation.
US Dollar (USD)
The US dollar remains steady in the Pakistani market.
- Rate: 278.7033 PKR
The dollar has been moving within a narrow range of 278–280 PKR in recent sessions. Market stability is also supported by improved foreign reserves, which increased slightly to $15.85 billion as of April 30, 2026.
Gulf Currencies (Key for Remittances)
These currencies are closely linked to overseas Pakistani remittances:
- Saudi Riyal (SAR): 74.2767 PKR
- UAE Dirham (AED): 75.8779 PKR
- Qatari Riyal (QAR): 76.4956 PKR
- Kuwaiti Dinar (KWD): 909.9680 PKR
- Bahraini Dinar (BHD): 738.7534 PKR
These rates remain stable due to their peg or close linkage to the US dollar, making them vital for millions of families relying on Gulf remittances.
Dollar and Other Currency Rates in Pakistan
Major International Currencies
- Euro (EUR): 327.3928 PKR
- British Pound (GBP): 378.6881 PKR
- Swiss Franc (CHF): 357.7936 PKR
- Japanese Yen (JPY): 1.7773 PKR
- Chinese Yuan (CNY): 40.9656 PKR
- Indian Rupee (INR): 2.9438 PKR
The British pound and euro remain among the strongest foreign currencies against the rupee.
Other Notable Currencies
- Australian Dollar (AUD): 201.3910 PKR
- Canadian Dollar (CAD): 204.0587 PKR
- Singapore Dollar (SGD): 219.7023 PKR
- New Zealand Dollar (NZD): 165.9121 PKR
- South African Rand (ZAR): 16.9362 PKR
- Turkish Lira (TRY): 6.1424 PKR
- Russian Ruble (RUB): 3.7330 PKR
These currencies fluctuate based on global economic trends, commodity prices, and central bank policies.
Conclusion
Overall, the Pakistani rupee continues to show controlled stability against major global currencies, especially the US dollar. Gulf currencies remain particularly important due to strong remittance inflows, while global market conditions continue to influence other exchange rates.
According to Beyond Time News, careful monetary management and improved reserves are helping maintain short-term currency stability in Pakistan.



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