Pkrevenue.com

Day: November 29, 2021

  • SBP signs $3bn deposit agreement with Saudi Fund

    SBP signs $3bn deposit agreement with Saudi Fund

    KARACHI: State Bank of Pakistan (SBP) on Monday signed an agreement for a deposit of $3 billion from Saudi Fund for Development (SFD).

    The SBP in a statement said that a deposit agreement between the Kingdom of Saudi Arabia, represented by the Saudi Fund for Development (SFD), and the Government of the Islamic Republic of Pakistan, represented by the State Bank of Pakistan (SBP), was signed on Monday by the Chief Executive Officer of SFD, H.E. Sultan Bin AbdulRahman Al-Marshad and the Governor SBP, Dr. Reza Baqir at the State Bank of Pakistan in Karachi, Pakistan.

    Under this deposit agreement, SFD shall place a deposit of USD 3.0 billion with SBP.

    Saudi Arabia places $3bn with Pakistan’s central bank

    The deposit amount under the agreement shall become part of SBP’s Foreign Exchange Reserves. It will help support Pakistan’s foreign currency reservesand contribute towards resolving the adverse effects of the COVID-19 pandemic.

    The deposit agreement reflects the strong and special relationship between the Kingdom of Saudi Arabia and Pakistan and will further augment the economic ties between the two brotherly countries, the SBP said.

    PM Imran thanks Saudi assistance; dollar retreats
    Pakistan’s forex reserves fall by $776 mn in one week
  • Rupee reaches to historic low of Rs176.20 against dollar

    Rupee reaches to historic low of Rs176.20 against dollar

    KARACHI: The Pak Rupee (PKR) on Monday recorded a historic low of Rs176.20 to the dollar at the closing of the interbank foreign exchange market.

    The rupee lost 74 paisas to end at Rs176.20 to the dollar from last Friday’s closing of Rs175.46 in the interbank foreign exchange market. The rupee previously recorded the historic low at Rs175.73 on November 12, 2021.

    Currency experts said that the rupee deteriorated because the dollar demand for import and corporate payments remained high during the day.

    The rupee was also under pressure as the market was opened after two weekly holidays.

    The experts said that the large import bill of the country has kept the rupee under pressure. The import bill of the country recorded an increase of 65.40 per cent to $25.1 billion during the first four months of the current fiscal year as compared with $15.17 billion in the corresponding period of the last fiscal year.

    The rupee is likely to recover in the coming days as the State Bank of Pakistan (SBP) on Monday signed a deposit agreement with the Saudi Fund.

    Dollar closes at Rs175.46; hits intraday record high
  • Today’s currency exchange rates in PKR – Nov 29, 2021

    Today’s currency exchange rates in PKR – Nov 29, 2021

    KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on November 29, 2021 (The rates are updated at 11:10 AM Pakistan Standard Time):

    CurrencyBuyingSelling
    Australian Dollar (AUD)125.50127.00
     Bahrain Dinar (BHD)386.85388.60
     Canadian Dollar (CAD)136.00137.50
     China Yuan (CNY)23.7523.90
     Danish Krone (DNK)23.5023.80
     Euro (EUR)196.00198.50
     Hong Kong Dollar (HKD)16.7517.00
     Indian Rupee (INR)2.032.10
     Japanese Yen (JPY)1.411.44
     Kuwaiti Dinar (KWD)481.80484.30
     Malaysian Ringgit (MYR)36.5036.85
     NewZealand $ (NZD)96.5597.25
     Norwegians Krone (NOK)17.5017.75
     Omani Riyal (OMR)392.75394.78
     Qatari Riyal (QAR)39.9040.50
     Saudi Riyal (SAR)47.0047.50
     Singapore Dollar (SGD)125.50127.00
     Swedish Korona (SEK)18.5018.75
     Swiss Franc (CHF)159.90160.80
     Thai Bhat (THB)4.804.90
     U.A.E Dirham (AED)48.5049.00
     UK Pound Sterling (GBP)232.00234.50
     US Dollar (USD)177.20179.00

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.

    Today’s currency exchange rates in PKR – Nov 26, 2021