DEFINITION of 'PKR (Pakistani Rupee)'
The currency abbreviation or currency symbol for the Pakistani rupee (PKR), the currency of Pakistan. The Pakistani rupee is made up of 100 paisa and is often represented by the symbol Rp.
Also known as rupees, rupaya, or rupaye.
BREAKING DOWN 'PKR (Pakistani Rupee)'
When Pakistan became independent from Britain in 1947, the Pakistani rupee replaced the Indian rupee. The rupee was decimalized in 1961, replacing the 16 annas that the rupee was originally divided into with 100 paisa.