Save Our Pak
A major update has come out for people in Pakistan who are buying Iranian currency.
On Tuesday, April 28, 2026, there was a sharp increase in the demand for the Iranian Rial (IRR) in Pakistan’s open currency market. This rise in demand has also pushed prices higher in local cities.
Currency dealers in Karachi, Quetta, and Lahore shared that in the cash market, a bundle of 10 million Iranian Rials is being sold between 8,000 to 10,000 Pakistani Rupees.
This price is surprisingly much higher than the global rate. Even though the value of the Iranian Rial is low internationally, its price in Pakistan is now three to four times higher than the previous base rate.
Rates Update – April 28, 2026
Please note that rates may change depending on the city, dealer, and transaction size. For exact rates, people are advised to contact registered exchange companies.
Open Market Rates (Pakistan):
- 1 Pakistani Rupee ≈ 1,000 Iranian Rials
- 10 Pakistani Rupees ≈ 10,000 Iranian Rials
- 1,000 Pakistani Rupees ≈ 1,000,000 Iranian Rials
- 8,000 – 10,000 PKR ≈ 10 million Iranian Rials
International Market Rates:
- 1 Pakistani Rupee ≈ 4,725 Iranian Rials
- 10 Pakistani Rupees ≈ 47,250 Iranian Rials
- 1,000 Pakistani Rupees ≈ 4,725,000 Iranian Rials
- Around 2,110 PKR ≈ 10 million Iranian Rials
This clearly shows a big difference between local and global prices. While 10 million Iranian Rials cost around 2,110 PKR internationally, in Pakistan’s open market, the same amount is being sold for more than 8,000 PKR.
Experts say this difference is mainly due to high demand and limited supply in the local market.
Reported by Save Our Pak
