EUR to PKR Rates On July 23, 2025 – Euro climbs to ₨334 as pressure on Rupee continues
The Euro recorded notable gains against the Pakistani Rupee on July 23, 2025, driven by global currency volatility and domestic foreign exchange dynamics.
| Market | Buying Rate (PKR) | Selling Rate (PKR) |
|---|---|---|
| Interbank | 333.08 | 333.66 |
| Open market | 338.40 | 338.40 |
The interbank rate for the Euro rose to ₨333.66, marking an increase of over ₨2 compared to previous sessions. In the open market, the Euro traded at ₨338.40, reaching levels last seen earlier this month. This strength is led by weak remittance flows and persistent demand for foreign exchange in Pakistan, compounded by global risk aversion affecting emerging currencies.
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Market analysts note that the Euro’s appreciation is a combined effect of a strong European economy and a persistently weak Pakistani Rupee. A senior currency strategist remarks that “unless Pakistan secures fresh dollar inflows or improves remittances, the Rupee is likely to face continued downward pressure.” They warn that external debt repayments and import bills could further pressure the PKR unless offset by official inflows or foreign funding.
Currency experts expect the Euro to trend within ₨332–₨336 in the near term. Any fresh inflows from exports, improved remittance levels, or policy support could stabilise the PKR. Conversely, increased global uncertainty or delays in foreign financing could push the Euro toward ₨340 in the coming weeks.
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