₨ Pakistani Rupee
Currency Code: PKR
Currency of Pakistan. Major remittance receiving currency.
Issuing Authority
State Bank of Pakistan (SBP)
Key Features
Export Trade Currency
Textiles, surgical goods and IT services drive Pakistan export settlement.
Digitising Banking Sector
SBP supervised clearing supports same-day PKR settlement to business accounts.
Growing IT Services Sector
Software and IT exports are a fast-growing source of inbound settlement.
Young Population
Young, tech-savvy population drives digital adoption.
Popular Corridors
UAE → Pakistan
US → Pakistan
UK → Pakistan
Saudi Arabia → Pakistan
Frequently Asked Questions
What is the PKR/USD rate?
Approximately ₨280-300 = $1 USD.
How much cheaper than a bank wire?
40-50% lower all-in. Local settlement at a transparent margin over interbank.
How does Woalet settle PKR to suppliers?
Direct to the supplier corporate account through SBP supervised domestic clearing, without SWIFT.
Do you reach suppliers across Pakistan?
Yes. PKR reaches any account at an SBP licensed bank nationwide.
What are Pakistan's economic challenges?
Political instability and inflation challenges. IMF support ongoing.