Canadian Dollar to Pakistani Rupee Rate Today- May 2, 2025

KARACHI- May 2, 2025: In the latest update from the foreign exchange market, the Canadian Dollar (CAD) has experienced a slight appreciation against the Pakistani Rupee (PKR). As per the banks dealing in currencies, the CAD has appreciated to 203.65 PKR from the earlier rate of 202.84 PKR.

Although the change appears small, it indicates the trend continues in the forex market movements due to winding economic conditions of both the nations involved.

1 Canadian Dollar= 203.65 PKR

Factors Influencing CAD-PKR Exchange Rate

Currency valuations are determined by a mix of economic indicators, market demand, and geopolitical conditions. Key factors affecting the CAD-PKR rate include:

Interest Rates: If Canada’s central bank maintains or raises interest rates, foreign investors may buy more CAD, increasing its value.

Trade Balance: Pakistan’s trade deficit and reliance on imports put pressure on the PKR, while Canada’s exports (especially oil) support the CAD.

Inflation & Economic Stability: High inflation in Pakistan weakens the PKR, whereas a stable Canadian economy strengthens the CAD.

Remittances & Foreign Reserves: Pakistani expats sending money home boost PKR liquidity, but low foreign reserves can limit currency stability.

DOLLAR RATE TODAY IN PAKISTAN- LIVE

Impact on Stakeholders

1. Pakistani Expats in Canada

A stronger CAD means overseas workers get more PKR for their remittances, providing relief to families back home. However, if the PKR weakens further, the cost of living in Pakistan could rise.

2. Importers & Exporters

Pakistani businesses importing Canadian goods (such as machinery or pulses) face higher costs. Conversely, exporters selling textiles or agricultural products to Canada may benefit from a more competitive exchange rate.

3. Investors & Forex Traders

Short-term traders may profit from small fluctuations, but long-term investors monitor economic policies, oil prices, and political stability before making significant moves.

Financial analysts suggest that the Canadian Dollar may continue to hold an edge over the PKR if global oil prices remain strong (Canada is a major oil exporter) and Pakistan’s economic challenges persist. The State Bank of Pakistan’s foreign exchange reserves and the country’s ability to manage external debt will also play a crucial role in stabilizing the PKR.

About the Currencies

Canadian Dollar (CAD): Issued by the Bank of Canada, the CAD is a stable, commodity-driven currency heavily influenced by oil and natural resource markets.

Pakistani Rupee (PKR): Managed by the State Bank of Pakistan, the PKR is sensitive to inflation, political developments, and foreign exchange reserves.

While the recent uptick in the CAD-PKR rate is modest, it highlights the broader economic dynamics between the two nations. Remittance-dependent households in Pakistan may welcome the stronger CAD, but businesses and policymakers must navigate currency risks carefully. Observers will keep an eye on central bank policies and global market trends for future exchange rate movements.