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:
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Regional demand for foreign currencies
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Worker remittance inflows
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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:
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Food and housing
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Healthcare and education
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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:
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Total Remittances: $38.3 billion
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Growth from Previous Year: 26.6% (compared to $30.3 billion in 2023–24)
🌐 Top Sources of Remittances:
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Saudi Arabia: $823.2 million
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United Arab Emirates (UAE): $717.2 million
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United Kingdom: $537.6 million
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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.
