Author: Hamza Shahnawaz

Exchange rates: PKR to SAR on January 28, 2022

KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on January 28, 2022:

Buying: Rs 46.85 to the Saudi Riyal

Selling: Rs 47.40 to the Saudi Riyal

The buying rate means an exchange company or a bank buys foreign currency from a customer.

The selling rate means an exchange company or a bank sells for foreign currency from a customer.

The rate has been updated at 11:26 AM Pakistan Standard Time (PST).

The Saudi Riyal /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

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.

Exchange rates: PKR to SAR on January 27, 2022

January 28, 2022
Rules amended on remittances on behalf of Hajj, Umrah organizers

KARACHI: The State Bank of Pakistan (SBP) on Thursday amended instructions in Foreign Exchange Manual regarding remittances on behalf of Hajj group and Umrah organizers.

The SBP invited attention of banks and exchange companies to Para 45A and 45B, Chapter 17 (Travel) of Foreign Exchange Manual in terms of which banks and exchange companies are allowed to make advance remittances on behalf of the Hajj Group Organizers and the Umrah Organizers, subject to compliance of applicable terms and conditions.

READ MORE: SBP shortens period to 120 days for bringing export earnings

In order to streamline the instructions relating to advance payments by Hajj and Umrah Organizers, the sub-para (viii) of Para 45A and sub-para (viii) of Para 45B of Chapter 17 stand omitted.

The omitted instructions are:

READ MORE: SBP introduces licensing, regulations for digital banking

“viii) In the case of repatriation of advance payment, exchange gain, if any, will not be passed on to the HGO, rather the same will be deposited in favor of State Bank of Pakistan. To this effect, the Authorized Dealer should get consent/agreement signed by the concerned HGO at the time of effecting remittance. 7The exchange gain should be deposited in favor of the State Bank through RTGS Clearing Account No. 427518. In this respect, a consolidated statement regarding all such cases will be submitted by Head/Principal Offices of the Authorized Dealers to the Director, Foreign Exchange Operations Department, SBP-Banking Services Corporation on monthly basis as per prescribed format (Appendix V-141).”

READ MORE: SBP introduces Shariah compliant OMO injections

“viii) In case of repatriation of advance payment(s), exchange gain, if any, will not be passed on to the Umrah Organizer, rather the same will be deposited in favor of State Bank of Pakistan. To this effect, the Authorized Dealer should get consent/ agreement signed by the concerned Umrah Organizer. 9The exchange gain should be deposited in favor of the State Bank through RTGS Clearing Account No. 427518. In this respect, a consolidated statement regarding all such cases will be submitted by Head/Principal Offices of the Authorized Dealers to the Director, Foreign Exchange Operations Department, SBP-Banking Services Corporation on monthly basis as per prescribed format (Appendix V-143).”

January 27, 2022
Pakistan’s forex reserves plunge by $866 million

KARACHI: Pakistan’s liquid foreign exchange reserves plunged by $866 million to $22.482 billion by week ended January 21, 2022, the central bank said on Thursday.

The country’s foreign exchange reserves were at $23.35 billion by week ended January 14, 2022, the State Bank of Pakistan (SBP) said.

The official reserves of the central bank sharply declined by $846 million to $16.19 billion by week ended January 21, 2022 as compared with $17.036 billion a week ago.

The SBP attributed the decline to external and other repayments.

The foreign exchange reserves held by commercial banks also fell by $22 million to $6.292 billion by week ended January 21, 2022 as compared with $6.314 billion a week ago.

Pakistan’s foreign exchange reserves drop to $23.35 bn

January 27, 2022

Today’s currency exchange rates in PKR – Jan 27, 2022

KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on January 27, 2022 (The rates are updated at 03:57 PM (Pakistan Standard Time):

Currency	Buying	Selling
Australian Dollar (AUD)	124.00	125.50
Bahrain Dinar (BHD)	386.95	388.70
Canadian Dollar (CAD)	138.50	140.50
China Yuan (CNY)	23.55	23.85
Danish Krone (DNK)	23.55	23.85
Euro (EUR)	198.50	200.50
Hong Kong Dollar (HKD)	16.90	17.15
Indian Rupee (INR)	2.03	2.10
Japanese Yen (JPY)	1.41	1.44
Kuwaiti Dinar (KWD)	481.85	484.35
Malaysian Ringgit (MYR)	36.65	37.00
NewZealand $ (NZD)	96.65	97.35
Norwegians Krone (NOK)	17.50	17.75
Omani Riyal (OMR)	392.85	394.88
Qatari Riyal (QAR)	39.95	40.55
Saudi Riyal (SAR)	46.75	47.40
Singapore Dollar (SGD)	130.00	131.50
Swedish Korona (SEK)	18.65	18.90
Swiss Franc (CHF)	160.25	161.15
Thai Bhat (THB)	4.80	4.90
U.A.E Dirham (AED)	48.80	49.30
UK Pound Sterling (GBP)	238.50	241.00
US Dollar (USD)	177.50	179.00

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 – Jan 26, 2022

January 27, 2022

Exchange rates: PKR to USD on January 27, 2022

KARACHI – The exchange rates for the US Dollar (USD) against the Pakistani Rupee (PKR) in the open market was recorded on January 27, 2022, as follows:
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January 27, 2022
Exchange rates: PKR to AED on January 27, 2022

KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on January 27, 2022:

Buying: Rs 48.80 to the UAE Dirham

Selling: Rs 49.30 to the UAE Dirham

The buying rate means an exchange company or a bank buys foreign currency from a customer.

The selling rate means an exchange company or a bank sells the foreign currency from a customer.

The rate has been updated at 03:16 PM Pakistan Standard Time (PST).

The UAE Dirham /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

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.

Exchange rates: PKR to AED on January 26, 2022

January 27, 2022
Exchange rates: PKR to GBP on January 27, 2022

KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on January 27, 2022:

Buying: Rs 238.50 to the UK Pound Sterling

Selling: Rs 241.00 to the UK Pound Sterling

The buying rate means an exchange company or a bank buys foreign currency from a customer.

The selling rate means an exchange company or a bank sells the foreign currency from a customer.

The rate has been updated at 03:09 PM Pakistan Standard Time (PST).

The UK Pound Sterling /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

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.

Exchange rates: PKR to GBP on January 26, 2022

January 27, 2022
Exchange rates: PKR to EUR on January 27, 2022

KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on January 27, 2022:

Buying: Rs 198.50 to the Euro

Selling: Rs 200.50 to the Euro

The buying rate means an exchange company or a bank buys foreign currency from a customer.

The selling rate means an exchange company or a bank sells for foreign currency from a customer.

The rate has been updated at 03:05 PM Pakistan Standard Time (PST).

The Euro /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

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.

Exchange rates: PKR to EUR on January 26, 2022

January 27, 2022
Exchange rates: PKR to SAR on January 27, 2022

KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on January 27, 2022:

Buying: Rs 46.85 to the Saudi Riyal

Selling: Rs 47.40 to the Saudi Riyal

The buying rate means an exchange company or a bank buys foreign currency from a customer.

The selling rate means an exchange company or a bank sells for foreign currency from a customer.

The rate has been updated at 02:59 PM Pakistan Standard Time (PST).

The Saudi Riyal /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

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.

Exchange rates: PKR to SAR on January 26, 2022

January 27, 2022
Stocks end up 67 points amid range bound trading

KARACHI: The Pakistan stocks closed higher by 67 points on Wednesday as the benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 44,955 points compared to 44,888 points in the previous session. Despite the gain, trading remained range-bound due to concerns over rising COVID-19 cases and escalating global oil prices.
(more…)

January 26, 2022