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Canadian dollar strengthens against Pakistani rupee – 17 July 2025

Canadian Dollar Gains Ground Against Pakistani Rupee in Open Market

LAHORE – July 17, 2025: The Canadian Dollar (CAD) has strengthened against the Pakistani Rupee (PKR), reflecting the ongoing trends in the local foreign exchange market. On Thursday, the buying rate of 1 CAD reached Rs. 211, while private exchange companies are selling it for Rs. 216.


💱 How Much Is 1,000 Canadian Dollars in Pakistani Rupees?

If you’re exchanging $1,000 CAD, the open market buying rate of Rs. 211 means you would receive approximately Rs. 211,000 PKR.


📈 Forex Market Trends and Economic Sentiment

The fluctuation in currency rates is largely influenced by:

  • Regional demand for foreign currencies

  • Worker remittance inflows

  • Macroeconomic indicators and investor confidence

Such trends often reflect global economic conditions and the local market’s response to foreign exchange supply and demand.


🌍 Remittances: A Vital Source of Income for Pakistan

Remittances remain a key pillar of Pakistan’s economy, providing stable income to millions of households across the country. These funds help families cover essentials such as:

  • Food and housing

  • Healthcare and education

  • Emergency savings and investments


💸 June 2025 Remittances Surge to $3.4 Billion

According to the State Bank of Pakistan (SBP), workers’ remittances reached $3.4 billion in June 2025, reflecting a 7.9% increase year-on-year.

📊 Fiscal Year 2024–25 Highlights:

  • Total Remittances: $38.3 billion

  • Growth from Previous Year: 26.6% (compared to $30.3 billion in 2023–24)

🌐 Top Sources of Remittances:

  • Saudi Arabia: $823.2 million

  • United Arab Emirates (UAE): $717.2 million

  • United Kingdom: $537.6 million

  • United States: $281.2 million


🧾 Final Thoughts

With the Canadian Dollar gaining strength in the open market, now may be a strategic time for expatriates and currency traders to monitor exchange rates closely. The increase in remittances also reflects growing confidence in Pakistan’s financial system, offering a silver lining for economic planners and families alike.

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