GBP to PKR exchange rate

Today's mid-market rate is 1 GBP = ₨378.51. On its own that number tells you little. What matters is where it sits against recent weeks, and against the long trend.

Here is the context most rate pages skip. The rupee has fallen a very long way against the pound. In 2000 one pound bought about ₨78. By 2026 it buys around ₨371.

The weakest the rupee has ever been was in 2025 and early 2026, when a pound briefly bought close to ₨386 to ₨390. So today's rate is near, but a little below, that record.

The fall has not been steady. It came in sharp drops during crises, then long flat spells. Since 2024, under an IMF programme, the State Bank of Pakistan has kept the rate fairly stable around ₨371.

Today's rate sits near the top of that long-term range. Judge it against the recent level rather than trying to time it, since no one can reliably call the next move.

At today's mid-market rate of ₨378.51 to the pound, here is what common amounts are worth.

These are mid-market figures, the benchmark, not a quote. A provider gives you a little less. The live comparison table above shows the real, after-fee amounts.

The rates refresh live. For the exact rupees a specific provider will send today, use the calculator and comparison above.

Pakistan counts large sums in lakhs and crores, not millions. One lakh is ₨100,000. One crore is ₨10,000,000, which is 100 lakh.

Here is what rupee amounts are worth in pounds at today's mid-market rate.

Going the other way, £1,000 is about 3.79 lakh, and £10,000 is about 37.85 lakh. These figures move with the live rate.

The choice of provider decides how many rupees your family actually receives.

Most of the cost hides in the exchange-rate margin, not the visible fee. UK high-street banks typically convert at a rate 3 to 5 percent below mid-market, and may add a SWIFT fee on top. On £10,000 that can be tens of thousands of rupees lost.

Specialists are far cheaper. Wise uses the real mid-market rate with a small, clear fee. Others, like Taptap Send, charge no fee above a small minimum and make a slim margin on the rate.

One extra point that matters in Pakistan: always send through a formal, licensed channel, not an informal "hawala" agent. It is cheaper than it used to be, and it keeps your family's money tax-free and legal (more on that below).

The rupee's long fall comes down to a few deep problems in Pakistan's economy.

It imports more than it earns. Pakistan runs a large trade deficit, about $39.5 billion in the 2026 financial year, and imports most of its energy. That means a constant demand for foreign currency, which weakens the rupee.

High inflation. Prices in Pakistan have risen far faster than in the UK. Inflation peaked near 38 percent in May 2023 before falling to about 11 percent by mid-2026. Higher inflation steadily erodes a currency.

Thin reserves and the IMF. Pakistan's foreign reserves crashed to about $3 billion in early 2023, close to default. An IMF programme has since rebuilt them to about $22 billion by mid-2026, which is why the rupee has steadied.

The open-market gap. This is the part rate pages never explain. Pakistan has an official interbank rate and a separate open-market rate, plus a historic black market called hawala.

In the 2022 to 2023 crisis the gap between them blew out. Since then the IMF has forced Pakistan to keep the two rates within about 1.25 percent of each other, and to crack down on hawala.

For you, that is good news. The gap has largely closed, so sending through a proper bank or remittance service now gives a rate close to the official one.

This is the part generic rate pages skip, and it saves real money.

Money sent home is tax-free, if you use a bank. Under Section 111(4) of Pakistan's tax law, foreign remittances that come through official banking channels are exempt from income tax, and the tax authority cannot question where the money came from.

That protection covers up to ₨5 million per tax year. Above that, the money is still tax-free, but the authorities may ask for proof of source, such as UK payslips, under anti-money-laundering rules.

Hawala throws that away. Money sent through an informal hawala agent does not get a bank receipt, so the tax authority can treat it as unexplained income and tax or fine your family. Formal channels protect them.

The Roshan Digital Account. Overseas Pakistanis can open a Roshan Digital Account online from the UK, with a passport and CNIC or NICOP, in pounds, dollars, euros or rupees.

It lets you save or invest in Pakistan without visiting a branch, including in government Naya Pakistan Certificates. The money is fully repatriable back to the UK, and profit is taxed at a flat 10 percent.

None of this is tax advice. Rules and thresholds change, so take professional advice on a large or unusual transfer.

Here is the factual picture, not advice. Over the long run the rupee has only weakened, so waiting has usually meant more rupees for your pounds. But that is the past, not a promise.

The rate is much steadier now than during the 2023 crisis, because the IMF programme and strong remittances are holding it up. It could drift either way from here.

Forecasters disagree. Some see the rupee holding or firming slightly toward ₨361 to ₨367 by the end of 2026. Others expect the long slide to continue past ₨400. Currency forecasts are unreliable.

One practical tip: remittances surge around Ramadan and Eid, which keeps the rupee well supported and clearing fast, though the rate gain from timing a festival is usually small.

For a large payment on a set future date, a forward contract from an FCA-authorised firm can fix today's rate in advance. These are not suitable for everyone, so weigh the certainty against the cost.

Updated live. The GBP/PKR rate, the conversions and the provider comparison refresh automatically from our live feeds. The research and figures are reviewed regularly and updated when the data or rules change.

Written by Mike Smith, money-transfer and FX specialist, from primary-source research (State Bank of Pakistan, FBR, World Bank). Live rates are indicative mid-market figures, so confirm the exact quote with your chosen provider before you send. Information only, not financial, investment or tax advice. Forward contracts and similar FX products are offered by FCA-authorised firms and are not suitable for everyone.