Current local rates stand at Rs. 6,533 per 10 grams and Rs. 653.3 per gram, supported by international spot silver activity and its reliable linkage to gold. The metal continues to draw attention as a practical safe-haven choice and vital industrial resource in the prevailing economic climate.

This firmness aligns with gold’s steady positioning (local 24K gold around Rs. 499,500 per tola), highlighting the synchronized dynamics between the two metals amid ongoing market conditions.

Key Factors Driving the Silver Price Increase in Pakistan

1. Strong Link to Gold Rally – Gold’s solid footing (international spot near $5,100+/oz and local rates firm) supports silver, as traders regularly combine both for protection and diversification aims.
2. International Spot Silver Momentum – Global silver has preserved forceful upward influence (spot levels in elevated ranges), swiftly amplifying local PKR valuation via import outlays and currency exchange impacts.
3. Reliable Industrial Demand – Silver’s pivotal applications in solar panels, electric vehicles, electronics, and clean energy domains secure ongoing uptake, fortifying prices through assorted market situations.
4. Local Buyer Engagement – Pakistani acquirers and jewelers are exhibiting steady participation with silver as a shield against inflation and a comparatively economical precious metal relative to gold, powering today’s firm trend in Sarafa markets.

Analysts stress silver’s oscillating yet hopeful nature—recent movements have sustained this steady phase—upheld by investment attractiveness and industrial core elements.

Buyers and investors should always verify live Sarafa market quotes prior to transactions, as prices respond swiftly to international shifts and local conditions.

Current Silver Rates in Pakistan- April 7, 2026

The Dirham’s reliable performance stems from its fixed peg to the US Dollar at 3.6725 AED per USD — a policy that has remained unchanged since 1997 and continues to provide strong protection against sharp volatility. The Pakistani Rupee, while floating, has been quietly supported by healthy foreign reserves and consistent remittance inflows, helping it maintain balance against the AED. Today’s rate of 76.06 PKR per AED reflects this ongoing equilibrium, offering a dependable and slightly more favorable conversion for cross-border transfers.

Real support for Pakistani families

For the estimated 1.5 million Pakistanis living and working in the UAE — from construction sites to corporate offices — today’s rate means each dirham sent home now converts to 76.06 PKR. Monthly remittances from the UAE regularly exceed $700 million, so even a small daily improvement adds up to meaningful assistance for families covering school fees, medical expenses, groceries, utility payments, and other essentials in Punjab, Sindh, Khyber Pakhtunkhwa, Balochistan, and beyond. These funds remain a vital economic lifeline, helping millions manage daily life and invest in a better future.

Today’s Quick Snapshot

• Current Rate: 1 AED = 76.06 PKR
• Change: Stable / minor softening
• 7-day high: 76.50 PKR
• 30-day average: ~76.30 PKR
• 2025 high (July): 77.61 PKR
• 2025 low (Jan): 75.44 PKR

2026 Outlook

Most market projections see the AED-PKR pair staying between 75.80 and 77.00 through the first half of 2026, with the central tendency around 76.10–76.60 by Q2. The UAE’s ongoing diversification into technology, renewables, logistics and tourism, combined with Pakistan’s remittance stability and reserve accumulation, is expected to keep volatility moderate.

Today’s rate: 1 AED = 76.06 PKR

The selling rate remains around Rs74.99.

he pair continues to stay firmly locked in the same exceptionally narrow, low-volatility channel it entered in early January 2026 — now stretching well beyond twelve weeks of remarkably flat price action. Today’s unchanged level keeps the rate significantly below the 2025 mid-year high of Rs76.03 (July peak) and near the softer territory last consistently observed in late October 2025.

Remittance lifeline under prolonged pressure

The Saudi Riyal continues to serve as the single most important monthly income source for millions of Pakistani households. Workers in Saudi Arabia’s construction, healthcare, hospitality and domestic sectors keep the remittance corridor active and reliable. Saudi Arabia retains its position as the top remittance-origin country, contributing $913.3 million in May 2025 alone — the largest single-country inflow. Cumulative remittances from July 2024 to May 2025 reached $34.9 billion, reflecting a strong 28.8% year-on-year increase.

At today’s rate of Rs74.42, every 1,000 Riyals sent home equals Rs74,420 — a gradual but persistent decline from earlier 2025 levels. While still providing essential support for school fees, medical treatment, groceries, utility bills and household expenses, the prolonged softness is putting quiet but mounting pressure on remittance-dependent families amid ongoing inflation.

Economic implications of today’s rate

A Riyal trading around Rs74.40–74.50 generates opposing forces:

• Remittance-receiving families face a slow but steady reduction in real purchasing power.
• Importers of Saudi crude oil, refined products and petrochemicals continue to enjoy lower costs in rupee terms.
• Pakistan’s trade balance gains modest indirect relief from cheaper imports.
• Foreign exchange reserves (above $11 billion as of late 2024) are still being steadily supported by these inflows, helping the State Bank manage inflation and external debt obligations.

The softer Rupee also helps keep Pakistani exports (rice, textiles, leather, surgical instruments, fresh produce) attractive on international markets.

Quick reference: the two currencies

• Saudi Riyal (SAR) — subdivided into 100 halala, rigidly pegged to the US dollar (≈ 3.75 SAR = 1 USD), managed by SAMA for maximum stability.
• Pakistani Rupee (PKR) — symbol ₨, operates under a managed float supervised by the State Bank of Pakistan, influenced by inflation, trade balance and — most importantly — remittance volumes.

The SAR to PKR pair has now spent more than twelve weeks in this unusually compressed range — one of the longest periods of sustained low volatility in recent memory. With overseas Pakistani worker outflows remaining robust and seasonal drivers (Hajj/Umrah travel, fiscal year-end bonuses) still providing support, the remittance corridor continues to be one of Pakistan’s most reliable economic lifelines. A decisive break from this range would likely require a meaningful shift in global dollar strength, oil prices or domestic reserve dynamics.

For the time being, the Riyal at Rs74.42 remains a quiet but critical pillar for millions of households — even as each paisa of erosion is increasingly noticed.

Sources: State Bank of Pakistan, Forex Association of Pakistan, open-market dealer quotes

Total car registrations rose 6.6% year-on-year to 380,627 ​units in March, the Society of Motor Manufacturers and Traders (SMMT) said.

“The headlines belie the costs ​incurred and the challenges involved,” SMMT Chief Mike Hawes said in a statement, adding ⁠that much of March’s performance would be from orders placed before the start of the Iran war ​on February 28.

March is typically the busiest month of the year and new car registrations were boosted by ​strong demand from private buyers, SMMT said. Monthly new car sales in Britain have seen an increase year-on-year since December.

However, the escalating conflict in the Middle East involving U.S.-Israeli strikes on Iran and Iranian strikes against Israel, U.S. bases and ​Gulf states and the closure of the Strait of Hormuz has raised oil prices and darkened the ​outlook for global economies.

“We expect the good run of form in the car registrations data will grind to a halt ‌in the ⁠coming months, as the weight of surging energy costs and the prospect of (rate) hikes from the (BOE) MPC curbs affordability,” said Elliott Jordan-Doak, a senior economist at Pantheon Macroeconomics.

IRAN CRISIS MAY SPARK INTEREST IN EVS

The SMMT said that the Middle East conflict and the surge in fuel costs may lead to increased demand for ​electric vehicles, but also ​risks pushing up energy ⁠and supply chain costs.

“With uncertainty around the cost of fuel, electric vehicle enquiries are on the up, as consumers look to electric as an attractive alternative to ​petrol and diesel vehicles,” said Jamie Hamilton, automotive partner and head of ​electric vehicles at ⁠Deloitte.

Battery electric vehicles recorded their best month in terms of volumes in March, though their overall market share remained at 22.6%, well below the government‑mandated target of 33% for 2026, the SMMT said.

Tesla’s UK new registrations rose 20% ⁠from ​a year earlier to 8,599 units, trailing Chinese peer BYD’s nearly ​134% jump to 15,162 units, according to SMMT data.

Here’s a comprehensive breakdown of today’s key currency rates for traders, importers, exporters, and remittance senders.

US Dollar (USD) at PKR 279.06

The US Dollar, Pakistan’s most traded foreign currency, is quoted at PKR 279.06 (ready rate) for same-day settlements in today’s SBP report. The greenback shows modest forward premiums across tenors, with the 1-year rate projected at PKR 289.78, reflecting measured market expectations of rupee depreciation over the coming months. The USD/PKR rate remains the cornerstone benchmark for international trade, remittance inflows, and foreign debt servicing obligations.

British Pound (GBP) Trades at PKR 369.62

Sterling continues to command a significant premium against the rupee, with the British Pound quoted at PKR 369.62 for ready transactions. The GBP/PKR pair shows steady upward momentum in forward markets, reaching PKR 382.20 for 1-year contracts. UK-bound remittances and bilateral trade flows remain sensitive to this rate, particularly for Pakistani expatriates and importers of British goods and services.

Kuwaiti Dinar (KWD) Leads at PKR 909.15

Qatari Riyal (QAR) at PKR 76.54

Bahraini Dinar (BHD) Firm at PKR 739.15

Canadian Dollar (CAD) at PKR 200.49

Other Currencies in Focus

According to senior official sources, the prime minister took a firm stance against any move to introduce additional taxation before the upcoming federal budget.

He was briefed on various proposals aimed at increasing tax revenue in light of the evolving regional situation. However, he categorically rejected suggestions to impose new taxes or raise existing tax rates.

The prime minister directed authorities not to consider burdening the public with additional taxes, noting that people are already under pressure due to rising global oil prices.

He further instructed officials to engage with the International Monetary Fund (IMF) to seek a review of fiscal targets in view of the ongoing Middle East tensions.

Sources said the prime minister also rejected a proposal to present the federal budget in the last week of May. Instead, he ordered extensive consultations on budget proposals in light of the changing economic situation.

Due to the regional uncertainty, the priorities of the upcoming budget are likely to be revised accordingly. Officials warned that key fiscal targets under the three-year budget strategy—including inflation, fiscal deficit, and current account deficit—could be significantly impacted.

The budget is now expected to be presented in the first or second week of June, considering the prevailing geopolitical situation.

The price of 24-karat gold per tola declined by Rs 3,000, settling at Rs 488,462, compared to Rs 491,462 on the previous trading day.

Similarly, the price of 10 grams of 24-karat gold dropped by Rs 2,572 to Rs 418,777 from Rs 421,349, while 10 grams of 22-karat gold decreased by Rs 2,358 to Rs 383,892 from Rs 386,250.

In the international market, gold prices fell by $30 to $4,657 per ounce from $4,687.

Meanwhile, the price of silver per tola remained steady at Rs 7,744, and 10 grams of silver stayed at Rs 6,639. Internationally, silver also remained unchanged at $72.60 per ounce.

Analysts attribute recent fluctuations in gold prices to rising oil prices and escalating geopolitical tensions, particularly following airstrikes by the United States and Israel against Iran, which have increased global economic uncertainty.

SILVER RATE – DAILY UPDATES

Market experts remain optimistic about gold in the long term, citing its role as a safe-haven asset during periods of economic and political instability. They note that gold’s intrinsic value, limited supply, and independence from government or central bank policies make it a reliable hedge against inflation, currency depreciation, and market volatility.

Historically, geopolitical tensions and financial instability drive investors away from riskier assets, such as equities and speculative currencies, boosting demand for bullion.

Gold continues to serve not only as an ornamental asset but also as a financial safeguard, with its appeal strengthening amid ongoing global uncertainty.

Pakistan is required to repay more than $3 billion to the UAE following a demand by Emirati authorities, while a $1.3 billion Eurobond is also set to mature this week.

Speaking to the media in Islamabad, the finance minister expressed satisfaction over the arrangements, stating that Pakistan will fulfill all its commitments regarding timely debt repayments.

He added that the financing targets set for the current fiscal year would be achieved as planned.

Aurangzeb emphasized the need to formulate policies in view of the prevailing regional tensions, noting that foreign exchange reserves would be stabilized and maintained in line with targets agreed with the International Monetary Fund (IMF).

The minister further said that preparations are underway for commercial financing and the issuance of bonds, adding that discussions are ongoing with a consortium of banks to secure commercial funding.

He also revealed that the government plans to resume efforts by the end of April to issue Panda bonds, with a target of raising up to $1 billion. He noted that since this would be Pakistan’s first Panda bond issuance, the process is taking additional time.

Aurangzeb said the government is closely assessing the potential impact of regional geopolitical tensions on the national economy, adding that economic policies formulated in coordination with the IMF have helped steer the economy in the right direction.

He further stated that key economic decisions and budget preparations would be undertaken in the coming days.

The UAE loan has been held in Pakistan’s account as a safe deposit and Pakistan was paying an interest rate of 6 percent on the deposited amount. The arrangement, initially structured on a rollover basis, had allowed the funds to remain within Pakistan’s reserves for a defined period.

However, in recent months, the rollover terms became stricter. The UAE extended the $2 billion deposit for shorter durations instead of the usual one-year period. At one stage, the facility was rolled over for one month, followed by a two-month extension, pushing repayment deadlines to mid and late April.

While the repayment may exert short-term pressure on foreign exchange reserves, officials say it is being managed as part of broader financial planning to maintain credibility and strengthen bilateral relations.

Brent crude futures rose $1.74, or 1.6%, to $111.51 a barrel by 0530 GMT, while U.S. West Texas Intermediate crude futures were up $3.45, or 3.1%, at $115.86.

Trump has threatened to rain “hell” on Tehran if it fails to comply with his deadline of 8 p.m. EDT ​Tuesday (0000 GMT Wednesday) to reopen the strait, through which about a fifth of global oil supply is normally shipped, if ​a deal is not reached.

Responding to a U.S. proposal through mediator Pakistan, Tehran rejected a ceasefire and said a ⁠permanent end to the war was necessary, and pushed back against pressure to reopen the strait.

Iran’s rejection of the U.S. ceasefire proposal has ​kept tensions elevated and left diplomacy hanging by a thread, said Priyanka Sachdeva, senior market analyst at Phillip Nova.

“Oil is holding its gains because ​the battlefield risk is no longer theoretical. Attacks on energy and shipping assets continue, and traders fear that even if the war ends, damage to infrastructure could sideline barrels for months, not days,” she said.

Exports from several Gulf producers have already collapsed due to restricted flows through the Strait of Hormuz.

Iranian forces effectively shut ​the strait after U.S. and Israeli attacks began on February 28.

“Clock-watching is now playing almost as big a role in oil markets as ​the fundamentals themselves in the run-up to Trump’s ultimatum deadline,” said Tim Waterer, chief market analyst at KCM Trade.

“The potential for a ceasefire deal offers some ‌counterweight and ⁠could spark a relief move lower if it gains traction, but persistent supply worries from the Hormuz chokepoint and damaged energy facilities are keeping the floor under prices.”

The U.N. Security Council is expected to vote on Tuesday on a resolution to protect commercial shipping in the Strait of Hormuz, but in significantly watered-down form after veto-wielding China opposed authorizing force, diplomats said.

Attacks in the region continued with explosions heard in the Syrian ​capital, Damascus, and surrounding countryside on ​Tuesday that were caused by the ⁠Israeli interception of Iranian missiles, Syrian state TV reported.

Saudi Arabia said on Tuesday it intercepted and destroyed seven ballistic missiles launched towards its Eastern Region, with debris falling near energy facilities.

The conflict has squeezed global crude supply, ​sending spot premiums for U.S. WTI crude surging to record highs as Asian and European refiners scramble to ​secure replacement supplies ⁠amid disrupted Middle Eastern flows.

Saudi Arabia’s state oil company Aramco raised the official selling price of its Arab Light crude to Asia for May delivery, setting a record premium of $19.50 a barrel above the Oman/Dubai average.

Adding to supply concerns, Russia on Monday said Ukrainian drones attacked the Caspian Pipeline Consortium’s terminal on ⁠the Black ​Sea, which handles 1.5% of global oil supply. Russia reported damage to loading infrastructure ​and storage tanks.

OPEC+ agreed on Sunday to lift oil output quotas by 206,000 bpd in May, though the increase will be largely notional as key members cannot boost production because ​strait closures are curbing exports.

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• Airlines are now allowed to raise ticket fares after the ​government said it would allow a fuel ​surcharge hike of up to 38% of the ⁠upper airfare limit, but it will also ​introduce tax exemptions and other policies in a ​bid to control fares amid the ongoing war in the Middle East.
• “The government has prepared mitigation measures so ​that ticket prices remain affordable to people,” ​Airlangga said.
• The measures include exemptions for value-added taxes for airlines and ‌import ⁠duties for aircraft spare parts.
• The government will allow airfare hikes in the range of 9%-13%.
• Airlines were asking for a 50% fuel surcharge, said Indonesia’s Transport Minister Dudy ​Purwagandhi, adding that ​the government views 38% ⁠as the ideal figure to maintain purchasing power and allow the airlines to avoid ​heavy losses.
• Airlangga said the policy would ​be ⁠in effect for the next two months and is subject to further evaluations depending on ⁠the ​developments on the war in ​the Middle East.