Dollar Rate in Pakistan Today: Rs 276.85 Interbank on 22 October, Down About 12 Paisa Since 12 October

The dollar in Pakistan's interbank market stood at Rs 276.85 on Thursday 22 October 2026, by the State Bank's revaluation rate, about 1 paisa below Wednesday's Rs 276.86. Banks traded it at a weighted average of Rs 276.545 to buy and Rs 277.002 to sell. The dollar rate in Pakistan today is about 12 paisa lower than on 12 October.

We read the State Bank of Pakistan (SBP) home page panel and its revaluation sheet for 22 October late on the evening of 22 October. The sheet lists about 25 currencies, so this report also carries the rates for the riyal, dirham, euro and pound that most families ask about.

The dollar rate in Pakistan today is Rs 276.85 interbank

Rs 276.8522 is SBP's mark to market revaluation rate for 22 October. Banks use it to value their dollar holdings. The weighted average rates, Rs 276.545 bid and Rs 277.0018 offer, show what banks charged each other during trading.

The gap between bid and offer is about 46 paisa, the same as a day earlier. The 21 October and 12 October columns come from our dollar rate report for 21 October and its 12 October predecessor.

The rupee has gained about 27 paisa since 29 September

The revaluation rate was Rs 277.1214 on 29 September and is Rs 276.8522 now, a fall of 26.92 paisa, or about 0.1 per cent. A lower number means the rupee buys slightly more. The move since Wednesday is under 1 paisa.

These are small steps. The rate has stayed in a narrow band near Rs 277 for three weeks. A family converting $1,000 gets Rs 276,852 at today's rate, about Rs 121 less than the Rs 276,974 it gave on 12 October. For Rs 100,000, the dollar amount is about $361.20.

1. 29 September: Rs 277.1214.
2. 12 October: Rs 276.9736.
3. 20 October: Rs 276.8714.
4. 21 October: Rs 276.8611.
5. 22 October: Rs 276.8522.

Riyal, dirham, euro and pound rates on the 22 October SBP sheet

SBP's sheet for 22 October puts the Saudi riyal at Rs 73.80, the UAE dirham at Rs 75.38, the euro at Rs 311.14 and the pound at Rs 371.22. The pound and euro are higher than on 20 October, the last sheet we compared. The riyal and dirham are slightly lower.

The pound has gained about Rs 1.72 and the euro about 57 paisa against the rupee in two days. The riyal and dirham each moved by less than 1 paisa. For a worker in Saudi Arabia sending 1,000 riyals home, the revaluation rate gives about Rs 73,804. A bank or app pays its own rate, usually lower.

To judge a quote, follow the steps in checking the dollar rate you are offered. Gulf families can use the guide to a fair dirham and riyal rate, and the size of those flows is in the September remittance report.

The policy rate is unchanged at 11.5 percent and the overnight rate is 11.08

SBP's home page still shows a policy rate of 11.50%, a ceiling of 12.50% and a floor of 10.50%. The weighted average overnight repo rate was 11.08% on 21 October. The next Monetary Policy Committee meeting is on 26 October.

The meeting date is on SBP's advance calendar, which we cover in the report on the next policy meeting. Until then, the dollar rate moves on bank flows rather than a rate decision. How SBP's own dollar purchases work is in its interbank intervention explainer.

What to check before you change money this week

A gap of a rupee or two between a dealer's quote and the official rates is normal. A gap of five rupees or more on a dollar deserves a question. Always ask whether the quote is to buy or to sell, because the two differ.

1. Check the date on any rate you see. Many pages show an old figure under today's date.
2. Use an exchange company that SBP has authorised, and get a receipt. The steps are in checking an exchange company before you sell dollars.
3. Compare the quote with SBP's revaluation rate of Rs 276.85.
4. For card payments abroad, check the card's own conversion charge.

We did not read the open market sheet for 22 October, so this report gives no counter rates. SBP's forward sheet also lists rates for one week to one year, and we have not used them here.

Common questions

What is the dollar rate in Pakistan today?

The State Bank's revaluation rate for 22 October 2026 is Rs 276.8522, according to its sheet and home page panel.

Did the rupee gain against the dollar today?

Slightly. The rate was Rs 276.8611 on 21 October, so the fall is about 1 paisa.

Is the interbank rate what I get at an exchange counter?

No. It is a bank to bank rate. Counters and banks quote their own buy and sell rates, and the sell rate is higher.

What is the riyal rate in Pakistan on 22 October?

SBP's revaluation sheet gives Rs 73.8036 for one Saudi riyal. A remittance app will quote its own, usually lower, rate.

Has the State Bank changed its policy rate?

No. It is still 11.50%. The committee meets next on 26 October 2026.

Why do other websites show a different dollar rate?

Many show open market rates, which include a dealer margin, or an old figure. SBP's revaluation rate is the official bank to bank reference.

How we verified this

What we checked, where we read it, and what we could not confirm.

Last checked late on 22 October 2026. The revaluation rate, weighted average rates, policy rate and overnight repo rate come from the home page of the State Bank of Pakistan at sbp.org.pk, labelled "As on 22 Oct 2026". The currency rates come from SBP's mark to market revaluation sheet for 22 October. Figures for 20 October, 21 October and 12 October come from the SBP pages our earlier reports read. Changes in paisa and the conversion examples are our arithmetic. We did not read the open market rates, the weighted average for 20 October or any bank counter quote.