Kuwaiti Dinar to Pakistani Rupee Rate Today-June 24, 2025

Kuwait City/Karachi, June 24, 2025 – The Kuwaiti Dinar (KWD) has surged against the Pakistani Rupee (PKR), reaching 926.79 PKR today, according to open market sources.

This marks a notable increase from 925.45 PKR on June 18, following a steady upward trajectory from 922.06 PKR on June 13 and 919.67 PKR on June 10.

1 Kuwaiti Dinar = 926.79 Pakistani Rupee

The Kuwaiti Dinar’s consistent appreciation underscores Kuwait’s robust economic fundamentals, while Pakistan’s economic challenges continue to pressure the Rupee, impacting trade, remittances, and expatriate communities.

Valuation Dynamics

The exchange rate between the Kuwaiti Dinar and Pakistani Rupee is shaped by contrasting monetary policies and economic conditions. The KWD, one of the world’s strongest currencies, is loosely pegged to a basket of currencies, primarily the US Dollar, under the management of the Central Bank of Kuwait. This peg, supported by Kuwait’s vast oil wealth and substantial foreign exchange reserves, ensures low volatility and a stable valuation. High global oil prices, driven by strong demand, further bolster the Dinar, as Kuwait remains a leading oil exporter. The US Dollar’s recent strength in global markets also contributes to the KWD’s rise, given its partial tie to the USD.

In contrast, the Pakistani Rupee operates under a managed float system, with its value determined by market forces such as supply and demand, foreign exchange reserves, and domestic economic indicators. The State Bank of Pakistan occasionally intervenes to curb excessive volatility, but the PKR remains vulnerable to high inflation, trade deficits, and foreign debt obligations. Pakistan’s reliance on energy imports and limited foreign reserves exacerbate the Rupee’s weakness, amplifying the exchange rate disparity with the KWD. The recent climb from 919.67 PKR on June 10 to 926.79 PKR today reflects these dynamics, with Kuwait’s economic stability contrasting sharply with Pakistan’s ongoing fiscal challenges.

Economic and Social Impact

The rising KWD/PKR exchange rate has significant implications for economic relations between Kuwait and Pakistan, particularly for the over 200,000 Pakistani expatriates in Kuwait. Remittances, estimated at $1.8 billion annually, are a lifeline for Pakistan’s economy. The stronger Dinar enhances the value of these remittances in PKR terms. For example, 1,000 KWD, worth 919,670 PKR on June 10, now fetches 926,790 PKR, an increase of 7,120 PKR in just two weeks. This boosts the purchasing power of families in Pakistan, supporting household expenses, education, and investments.

However, the stronger Dinar raises costs for Pakistani businesses importing Kuwaiti goods, such as petroleum products, potentially increasing domestic prices in Pakistan. For expatriates, the higher exchange rate means their Dinars buy fewer Pakistani goods or services, impacting budgeting for travel or financial obligations tied to Pakistan. Additionally, Pakistan’s high inflation may erode the real value of remittances, offsetting some benefits. The exchange rate also influences bilateral trade, with stable rates ensuring predictable costs, though the KWD’s rise could strain Pakistan’s import capacity.

Currency Profiles

The Kuwaiti Dinar (KWD), introduced in 1961, is Kuwait’s official currency, symbolized as KWD and subdivided into 1,000 fils. Issued by the Central Bank of Kuwait, it is the world’s highest-valued currency, backed by Kuwait’s oil-driven economy, substantial foreign reserves, and prudent fiscal policies. Its peg to a currency basket ensures stability, making it a cornerstone of Kuwait’s economic resilience.

The Pakistani Rupee (PKR), established in 1947, is Pakistan’s official currency, symbolized as ₨ and divided into 100 paisa. Regulated by the State Bank of Pakistan, the PKR operates under a managed float, with its value influenced by domestic factors like inflation and trade balances, as well as global market conditions. Its volatility reflects Pakistan’s economic challenges, contrasting with the KWD’s stability.

Currency Rates in Pakistan Today

As the Kuwaiti Dinar continues its ascent against the Pakistani Rupee, reaching 926.79 PKR today, market participants will closely monitor global oil prices, Pakistan’s fiscal policies, and geopolitical developments for future trends. The exchange rate remains a critical indicator of economic dynamics between Kuwait and Pakistan, with profound implications for trade, remittances, and the livelihoods of millions.