On March 5, 2024, the buying rate for the UK Pound Sterling in Pakistan was Rs353, while the selling rate was Rs357.5 in the open market.
Analysis of currency data shows that the Pound fell Rs1 versus the Pakistani Rupee in the open market compared to the previous day’s rate.
The GBP to PKR rate on March 5, 2024, decreased from the previous day’s rate:
March 5, 2024: Rs353 (a drop of Rs1).
March 4, 2024: Rs354.
The British pound sterling (GBP) is the official currency of the United Kingdom, indicated by the pound sign (£) and referred to as “sterling”
With over 1.5 million Pakistani expatriates living in the United Kingdom, the currency rate is closely monitored as they send remittances to their family back home.
For those interested in understanding the conversion rates as of March 5th, 2024:
In the free market, 500 UK pounds would be worth around Rs176,500.
In Pakistani money, 1,000 pounds is equivalent to around Rs 353,000.
Individuals with GBP can convert it into Pakistani rupees with relative ease.
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