Dollar rate in Pakistan today (5 August 2026) stands at Rs. 279.40 in the interbank market, with the open market rate trading close to Rs. 278.50 – 279.00. The rupee has held relatively stable this week after a volatile start to the month, as the State Bank of Pakistan continues to manage the country's dollar outflow for energy imports.
Today's USD to PKR Rate in Pakistan
| Market | Buying Rate | Selling Rate |
|---|---|---|
| Interbank Rate | Rs. 279.30 | Rs. 279.40 |
| Open Market Rate | Rs. 278.50 | Rs. 279.00 |
Source: State Bank of Pakistan interbank data and open market currency exchange rates.
Other Major Currency Rates in Pakistan Today
| Currency | Rate (PKR) |
|---|---|
| Euro (EUR) | Rs. 327.30 |
| British Pound (GBP) | Rs. 378.91 |
| Saudi Riyal (SAR) | Rs. 74.73 |
| UAE Dirham (AED) | Rs. 76.10 (approx.) |
Why the Dollar Rate Changes in Pakistan
The USD to PKR rate is driven by import bills, export earnings, remittances, and the State Bank's foreign exchange reserves. Since oil and gas (RLNG) are paid for in dollars, energy import costs directly affect how much dollar demand builds up in the interbank market. When exports and remittances rise, more dollars flow into the system, helping the rupee hold its position; when import bills spike, the rupee tends to come under pressure.
Interbank vs Open Market Rate — What's the Difference?
The interbank rate is the "base price" used by banks for large-scale trade and is set through the State Bank's daily reference mechanism. The open market rate is what individuals get at currency exchange counters and money changers, and it typically trades a little below or close to the interbank rate depending on local demand and supply.
City-Wise Dollar Rate in Pakistan
Open market dollar rates are broadly the same nationwide, with minor variations at individual exchange counters:
- Dollar rate in Karachi today
- Dollar rate in Lahore today
- Dollar rate in Islamabad today
- Dollar rate in Rawalpindi today
- Dollar rate in Peshawar today
- Dollar rate in Faisalabad today
- Dollar rate in Multan today
- Dollar rate in Quetta today
Frequently Asked Questions
Q: What is the dollar rate in Pakistan today?
A: As of 5 August 2026, the interbank USD to PKR rate is Rs. 279.40, while the open market rate is around Rs. 278.50–279.00.
Q: Why is the interbank rate different from the open market rate?
A: The interbank rate is used for bank-to-bank and large-scale trade, while the open market rate applies to everyday currency exchange at counters, and the two can differ slightly.
Q: Who sets the dollar rate in Pakistan?
A: The State Bank of Pakistan oversees the interbank exchange rate mechanism, while open market rates are set by individual exchange companies based on supply and demand.
Q: Does the dollar rate affect petrol and electricity prices?
A: Yes. Since fuel and energy imports are paid for in dollars, a weaker rupee directly raises the cost of petrol, diesel, and electricity in Pakistan.
Disclaimer: Rates mentioned are indicative and may vary slightly by bank, exchange company, and city. Always confirm with your bank or a licensed exchange company before any transaction.