Dollar Rate Today in Pakistan — Interbank vs Open Market (Oct 2026)
Dollar Rate Today in Pakistan — Interbank vs Open Market (Oct 2026) By Bilal Ahmed · Updated October 11, 2026 Every morning in Pakistan, the same question makes the rounds — from traders and students to families waiting on remittances: what’s the dollar rate today? Here are the latest numbers first, then the full table…
Dollar Rate Today in Pakistan — Interbank vs Open Market (Oct 2026)
Every morning in Pakistan, the same question makes the rounds — from traders and students to families waiting on remittances: what’s the dollar rate today? Here are the latest numbers first, then the full table of major currencies, and a plain-word explanation of why the interbank and open market rates are never the same.
Dollar Rate Today — Full Currency Table
Rates below are the October 11, 2026 figures. “Interbank” is the bank-to-bank rate published through banking channels; “open market” is what currency dealers charge walk-in customers:
| Currency | Interbank (buy / sell) | Open Market (buy / sell) |
|---|---|---|
| US Dollar (USD) | 276.90 / 277.40 | 277.50 / 278.10 |
| Euro (EUR) | 310.86 / 311.43 | 310.55 / 315.53 |
| British Pound (GBP) | 366.63 / 367.29 | 365.91 / 371.91 |
| Saudi Riyal (SAR) | 73.76 / 73.89 | 73.85 / 74.50 |
| UAE Dirham (AED) | —* | 75.75 / 76.50 |
* The dirham’s interbank rate isn’t published separately the way the dollar’s is; banks price it off the dollar. Use the open market figure — Rs 76.50 selling — for planning.
Interbank vs Open Market — What’s the Difference, in Plain Words?
Think of it like this. The interbank rate is the wholesale price — banks trading large amounts of dollars with each other. The open market rate is the retail price — what you pay at an exchange company on Shahrah-e-Faisal or Blue Area. Retail always costs a little more; that’s the dealer’s margin.
Notice how the euro and pound show a much bigger gap between interbank and open market than the dollar does? That’s normal too. The State Bank keeps a tight watch on the dollar market, but dealers have more room to set their own margins on other currencies — especially the ones travellers and students buy in smaller amounts.
Why the Rupee Moves Against the Dollar
The rate isn’t random. Four things push it around, and they rarely all pull the same way:
1. Remittances and exports. When overseas Pakistanis send more money home and exports bring in dollars, supply rises and the rupee firms up. The quiet October we’ve just had is partly this — steady inflows, no drama.
2. The import bill. Pakistan buys a lot in dollars — oil, machinery, raw materials. A big import month drains dollars and softens the rupee. Oil prices and the dollar rate often move in the same direction for exactly this reason.
3. The State Bank’s stance. The central bank manages reserves and, when needed, steps into the market. Its policy signals — interest rate decisions, reserve levels — shape where traders expect the rupee to go.
4. Global dollar strength. Sometimes the rupee moves and Pakistan did nothing wrong — the dollar is simply rising against everything. If the US dollar is strong worldwide, expect it to show up in Karachi’s open market too.
Where to Check Live Dollar Rates Daily
Three reliable habits for anyone who needs the rate often:
1. This page. It’s updated with the latest verified interbank and open market figures.
2. Our free currency converter. For quick USD-to-PKR conversions at current rates, use the live currency converter at timelyups.com/tools — no sign-up, no ads in your face.
3. Before any real transaction, call the dealer. Published rates are the baseline, but an exchange shop can quote a few paisa either way depending on the amount. For anything above a few thousand dollars, negotiate — the spread is not always fixed.
Frequently Asked Questions
What is the dollar rate in Pakistan today?
As of October 11, 2026: the interbank rate is Rs 276.90 buying / Rs 277.40 selling, and the open market rate is Rs 277.50 buying / Rs 278.10 selling. Rates move daily — always confirm before a transaction.
What is the difference between interbank and open market rates?
The interbank rate is the wholesale rate at which banks trade foreign currency with each other; the open market rate is the retail rate charged by currency exchange dealers to customers. Open market is usually 50–70 paisa higher per dollar.
What is the euro rate today in Pakistan?
On October 11, 2026: interbank €1 = Rs 311.43 (selling), open market €1 = Rs 315.53 (selling). The euro’s open-market premium is wider than the dollar’s because dealers set their own margins on non-dollar currencies.
What is the Saudi riyal rate today in Pakistan?
On October 11, 2026: interbank SAR = Rs 73.89 (selling), open market SAR = Rs 74.50 (selling). The riyal matters enormously for Pakistan — it drives the rupee value of remittances from the largest overseas Pakistani workforce.
Is the dollar expected to rise or fall in Pakistan?
The rupee has been stable around Rs 277.40–278.10 through early October 2026, which suggests balanced supply and demand. Direction depends on remittance flows, the import bill and global dollar strength — none of which can be predicted with certainty. This is general information, not financial advice.
Where can I get the best dollar rate in Pakistan?
Banks generally quote closer to the interbank rate for documented transfers, while exchange companies compete on the open market rate. For large amounts, compare 2–3 dealers and ask for a better quote — published rates are a starting point, not a fixed price.
