Dollar rate in Pakistan today is holding steady — and for once, that is actually good news. The USD to PKR exchange rate stands at Rs 278.58 on May 15, 2026, according to the latest State Bank of Pakistan data. No panic. No crash. Just a rupee that has quietly been gaining ground over the past year.
Dollar Rate in Pakistan Today — Official SBP Numbers
The State Bank of Pakistan (SBP) has released the latest official M2M currency rates. The US Dollar is recorded at PKR 278.58 in ready transactions. The 1-year forward rate stands at PKR 291.03 — reflecting market expectations of gradual rupee depreciation in the coming months. In plain terms: traders expect the rupee to soften slowly, but there is no major crash signal right now.
Over the past 12 months, the Pakistan rupee has actually strengthened by 1.11% against the dollar — a quiet but real improvement.
All Major Currency Rates in Pakistan Today
Here is what your money is worth right now, based on the latest SBP and open market data reported by Pakistan Observer:
| Currency | Code | Buy (PKR) | Sell (PKR) |
|---|---|---|---|
| US Dollar | USD | Rs 278.90 | Rs 279.80 |
| British Pound | GBP | Rs 379.05 | Rs 380.10 |
| Euro | EUR | Rs 326.19 | Rs 330.87 |
| UAE Dirham | AED | Rs 75.87 | Rs 76.20 |
| Saudi Riyal | SAR | Rs 74.28 | Rs 74.60 |
| Canadian Dollar | CAD | Rs 202.20 | Rs 207.46 |
| Australian Dollar | AUD | Rs 200.76 | Rs 205.35 |
| Chinese Yuan | CNY | Rs 40.00 | Rs 41.05 |
| Japanese Yen | JPY | Rs 1.76 | Rs 1.80 |
| Swiss Franc | CHF | Rs 356.23 | Rs 360.00 |
| Kuwaiti Dinar | KWD | Rs 909.95 | Rs 915.00 |
| Qatari Riyal | QAR | Rs 76.44 | Rs 77.00 |
| Bahraini Dinar | BHD | Rs 738.69 | Rs 745.00 |
| Omani Rial | OMR | Rs 723.68 | Rs 730.00 |
Kuwaiti Dinar (KWD) — Highest valued currency against PKR today
Why the Rupee Is Holding Steady Right Now
Three things are keeping the rupee stable this month:
- SBP Reserves Rising: SBP foreign exchange reserves rose by $23 million to $15.85 billion as of April 30, 2026 — providing cushion against external volatility.
- SBP Policy Rate: The SBP recently raised its benchmark policy rate to 11.50% to anchor inflation expectations going into Eid season.
- Pakistan Economy Growing: Pakistan’s economy grew 2.4% in Q1, and remittances hit a record high — both of which put real dollars into the system and support the rupee.
What This Means for You — Diaspora and Locals
If you are sending money to Pakistan from the UK, USA, UAE, or Canada, this stability window is worth using. The dollar rate in Pakistan today tells a calmer story than 2024 — but the 1-year forward rate warns against complacency.
If you are an importer or business owner, the narrow trading band of Rs 278-280 makes planning easier right now. Lock in what you can before post-Eid volatility kicks in. For the broader economic picture behind these currency moves, read our report on the IMF Pakistan tranche approval and what it means for the 2026-27 budget.
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