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Qatari riyal (QAR) to Pakistani rupee (PKR): how the official rate is set

This page explains where to find the official QAR to PKR rate, what moves it and why your bank's rate differs. The card shows the official State Bank of Pakistan rate for QAR in rupees and has a converter that includes PKR.

Extrade Pakistan editorial team ·

On this page
  1. Where to check the Qatari riyal rate
  2. Working out the amount yourself
  3. Why bank and exchange-office rates differ
  4. What moves the Qatari riyal
  5. Links between Qatar and Pakistan
  6. A note on currency trading
  7. Frequent questions
Amount27,662.14 PKR
Rate1 USD = 276.62 PKR
Last 30 daysUSD/PKR · 05/10/2026 – 11/11/2026 · -0.16%
IndicatorRateDate
SBP weighted average customer rate, USD bid276.31 PKR11/11/2026
SBP weighted average customer rate, USD offer276.76 PKR11/11/2026
CurrencyOfficial rate (PKR)
USD276.62
EUR308.28
GBP368.52
SAR73.7058
AED75.3111
CNY41.4715
JPY1.7407
CAD194.55
AUD190.07
KWD897.39
QAR75.8907
OMR718.47
BHD733.45
MYR67.8659
CHF333.98
ARS0.179
BDT2.213
BRL49.544
CNH41.4778
DKK41.24
HKD35.2579
100 IDR1.52
INR2.9512
KRW0.2071
KZT0.6207
LKR0.8326
MXN14.8748
NOK29.0328
NZD154.8
RUB3.3412
SEK27.9452
SGD215.71
THB8.223
TRY5.5068
ZAR16.7217

Source: State Bank of Pakistan, exchange rates for mark-to-market revaluation (ready), 11/11/2026.

Official reference rates for comparison and calculations. Banks, exchange offices and brokers apply their own buying and selling rates and fees. The table refreshes automatically when the source publishes new rates.

Where to check the Qatari riyal rate

The card above shows official State Bank of Pakistan (SBP) data. It gives the rupee rate for the Qatari riyal (QAR) and other major currencies, with the SBP date and a link to the SBP page. These are SBP's exchange rates for mark-to-market revaluation: the "ready" rate in rupees per unit, which SBP issues every working day so that authorised dealers can revalue their books. The card also shows SBP's weighted average customer exchange rate for the US dollar (bid and offer), a recent trend line and a converter with PKR. It refreshes by itself when SBP publishes.

A reference rate is published once per business day by an official source. It is a benchmark, not a price at which a bank or exchange office will deal with you.

On weekends and public holidays no new reference rate is published. The last working day's rate stays on the card with its original date. Always check that date before using any figure.

Amount89.87 EUR
Rate1 USD = 0.8987 EUR

ECB reference rate of 2026-11-11. Banks and brokers apply their own rates and fees.

Working out the amount yourself

The converter just above uses European Central Bank (ECB) euro reference rates, so it works only between the currencies the ECB covers. It has no PKR and no QAR. For rupee amounts, use the converter in the rates card at the top of the page: enter the amount and choose the currencies, and it calculates with the SBP rate.

The result is a reference value only. It does not include bank margins, transfer fees or the spread an exchange office adds. Use it to check whether a quote you receive is close to the official benchmark.

For the rupee against other Gulf currencies, see the Saudi riyal, UAE dirham and Omani rial pages. All currencies are listed on Exchange rates.

Why bank and exchange-office rates differ

The rate you get in practice differs from the reference rate for several reasons:

To compare offers, look at the total rupee amount you receive after all fees, not only the quoted rate. For official rupee benchmarks, see SBP exchange rates.

What moves the Qatari riyal

The peg to the US dollar

Qatar keeps the riyal pegged to the US dollar at a fixed rate. Qatar Central Bank manages the peg and usually follows US interest rate decisions so that the link holds.

Because of the peg, QAR to PKR moves almost in step with USD to PKR. When the rupee weakens against the dollar, it weakens against the riyal by about the same amount. Most of the movement comes from the rupee side. See the US dollar to PKR page for that rate.

Qatar's trade and capital flows

Qatar earns most of its foreign currency from exporting liquefied natural gas and oil. These earnings support its foreign reserves, which back the peg. A sharp fall in energy prices would put pressure on reserves, but the peg has held through past price swings.

The rupee side: State Bank of Pakistan

The PKR side depends on Pakistan's balance of payments, foreign reserves, inflation and interest rates. The latest decision on record from the State Bank of Pakistan: SBP policy rate raised by 50 bps to 12% with effect from 27.10.2026 (MPC). Read more on SBP rates and economy.

For remittance channels, banking and tax topics, see Payments, tax, Islamic banking.

A note on currency trading

The QAR is rarely traded as a speculative pair because of the peg. Leveraged forex and CFD trading in other pairs can lose money fast. Also note the State Bank of Pakistan's position: per the SBP, remitting foreign exchange to overseas forex/margin/CFD platforms is not allowed through any payment channel (FERA s.5(1)). Details are on Law and regulators and Risk management.

Frequent questions

Where does the official PKR rate come from?

From State Bank of Pakistan (SBP). The card on this page shows SBP's mark-to-market rates in rupees, including the riyal, with the SBP date and a link to the SBP page.

Why does the official rate not change on Saturday or Sunday?

SBP publishes no new rate on weekends and public holidays. The last working day's rate stays on the card, and its date shows when it was set.

Is the Qatari riyal to PKR rate the same as my bank's rate?

No. Banks and exchange offices add a spread and sometimes fees. The official rate is a benchmark for comparison.

Why does QAR to PKR track the US dollar?

The riyal is pegged to the US dollar, so changes in QAR/PKR mostly reflect changes in USD/PKR.

Can I convert rupees to riyals here?

You can estimate an amount. The converter in the rates card includes PKR and QAR and uses SBP rates; the separate ECB converter has no PKR. Neither card exchanges money, and results exclude bank and exchange-company margins and fees.

Sources

  1. State Bank of Pakistan · sbp.org.pk — checked 2026-11-11
  2. State Bank of Pakistan, EPD Circular Letter No. 08 of 2022 · sbp.org.pk › Epd circular letter no 08 of 2022 — checked 2026-11-11

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