On March 05, 2024, the buying rate of the UK Pound Sterling in Pakistan stood at Rs353, while its selling rate was recorded at Rs357.5 in the open market.
Analysis of the currency data revealed that the Pound shed Rs1 against the Pakistani Rupee in the open market compared to the previous day's rate.
The GBP to PKR Rate on March 05, 2024, reflected a decrease from the previous day's rate:
- March 05, 2024: Rs353 (a decrease of Rs1)
- March 04, 2024: Rs354
The currency code for the British pound sterling is GBP, and it is the official currency of the United Kingdom, denoted by the pound sign (£) and referred to as "sterling".
With over 1.5 million Pakistani expatriates residing in the United Kingdom, they closely monitor the exchange rate as they send remittances to their families back home.
For those interested in understanding the conversion rates, as of March 05, 2024:
- 500 UK pounds would amount to approximately Rs176,500 in the open market.
- 1,000 UK pounds would be equivalent to around Rs353,000 in Pakistani currency.
Converting UK Pound Sterling into Pakistani Rupees is a straightforward process for individuals carrying GBP.
