Pkrevenue.com

Author: Hamza Shahnawaz

Pakistani Rupee to UAE Dirham on June 21, 2022

KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on June 21, 2022:

Buying: Rs 57.30 to the UAE Dirham

Selling: Rs 58.20 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 09:00 AM 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.

READ MORE: Pakistani Rupee to UAE Dirham on June 20, 2022

June 21, 2022
Pakistani Rupee to Euro on June 21, 2022

KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on June 21, 2022:

Buying: Rs 220.00 to the Euro

Selling: Rs 223.00 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 08:56 AM 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.

READ MORE: Pakistani Rupee to Euro on June 20, 2022

June 21, 2022
Pakistani Rupee to UK Pound Sterling on June 21, 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 June 21, 2022:

Buying: Rs 257.00 to the UK Pound Sterling

Selling: Rs 260.50 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 08:52 AM 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.

READ MORE: Pakistani Rupee to UK Pound Sterling on June 20, 2022

June 21, 2022
Pakistani Rupee to Saudi Riyal on June 21, 2022

KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on June 21, 2022:

Buying: Rs 55.90 to the Saudi Riyal

Selling: Rs 56.60 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 08:47 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.

READ MORE: Pakistani Rupee to Saudi Riyal on June 20, 2022

June 21, 2022
Pakistan stocks fall 364 points on dollar flight

KARACHI: Pakistan stocks fell 364 points on Monday owing to continuous dollar high flight against Pakistan Rupee (PKR).

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 41,777 points from last Friday’s closing of 42,141 points, showing a decline of 364 points.

READ MORE: Weekly Review: falling rupee remains concern for stock market

Analysts at Arif Habib Limited said that the market observed a negative session today as US Dollar continued its flight against PKR.

The exchange rate recorded a fall of Rs1.21 in rupee value to end at fresh record low at Rs209.96 to the dollar from last Friday’s closing of Rs208.75, in the interbank foreign exchange market.

READ MORE: Dollar hits historic high against rupee, ends near Rs210

Investor’s participation lingered in the lackluster zone over concerns of resumption of IMF program. Volumes remained dry in the main board whereas hefty volumes were witnessed in the 3rd tier stocks.

Sectors contributing to the performance include Cement (-70.7 points), Technology (-62.7 points), Power (-50.7 points), Banks (-37.1 points) and E&P’s (-32.9 points).

READ MORE: Pakistan stocks gain 411 points in bull-run

Volumes decreased from 282.9 million shares to 162.1 million shares (-42.7 per cent DoD). Average traded value also decreased by 45.8 per cent to reach US$ 23.4 million as against US$ 43.1 million.

Stocks that contributed significantly to the volumes are TPLP, WTL, PRL, CNERGY and UNITY.

READ MORE: Pakistan stocks up 291 points on fiscal consolidation

June 20, 2022
Dollar climbs up to Rs210 in midday interbank trading

KARACHI: The US dollar climbed up to make a new historic high at Rs210 against the Pakistan Rupee (PKR) in midday trading at interbank foreign exchange market on Monday.

The US dollar is being traded at Rs210 after gaining Rs1.25 from last Friday’s closing of Rs208.75 in the interbank foreign exchange market.

Currency experts said that the foreign exchange reserves had declined to critically low, which created panic in the market. Besides, high oil prices and rise in commodity prices globally also pushed dollar demand for import payments.

READ MORE: Rupee collapses to fresh low against dollar to Rs208.75

According to data released by the State Bank of Pakistan (SBP) a day earlier, the official reserves of the central bank had declined to provide about one month import cover.

The official foreign exchange reserves of the State Bank of Pakistan (SBP) fell by $241 million to $8.985 billion by week ended June 10, 2022 as compared with $9.226 billion a week ago i.e. June 03, 2022.

The present level of the SBP’s reserves showed that the central bank has import cover for around only one months.

Pakistan’s import bill for the month of May 2022 recorded at $6.777 billion, according to Pakistan Bureau of Statistics (PBS).

The latest foreign exchange reserves of the SBP showed it fell around 2½ years low. Previously, the foreign exchange reserves held by the central bank were seen at $9.233 billion on December 6, 2019.

The foreign exchange reserves held by the central bank witnessed a record high at $20.146 billion by week ended August 27, 2021.

READ MORE: Pakistan’s central bank reserves shrink to one month import cover

Since touching the peak the central bank’s foreign exchange witnessed a continuous decline. The official reserves of the SBP fell around $11.16 billion by week ended June 10, 2022 from touching the peak on August 27, 2021.

The country is facing serious balance of payment crisis during the past many months. The foreign exchange reserves of the central bank have seen a constant decline.

The country was expecting inflows from various sources but so far those were not materialized so far. The country also making all efforts to resume IMF program to obtain about $ 1 billion next tranche under Extended Fund Facility (EFF).

It is pertinent to mention that the government had twice increased the prices of petroleum products since May 26, 2022 in order to satisfy the International Monetary Fund (IMF) for the release of next tranche of about $1 billion. Another increase was seen on June 15, 2022.

The government on May 26, 2022 decided partially withdraw the subsidy to get the next tranche of the IMF, the rupee sharply made gains against the dollar. The local unit made a recovery of Rs4.42 against the dollar during the past five sessions.

READ MORE: Free-fall in rupee continues, dollar touches new high at Rs206.46

The rupee remained under pressure against the greenback during the current fiscal year. The State Bank of Pakistan (SBP) has taken various measures to support balance of payment and the local currency. However, the measures ended in a failure to help the rupee to recover losses.

The SBP on May 23, 2022 announced a sharp increase in policy rate by 150 basis points to 13.75 per cent from 12.25 per cent.

Recently the government announced a complete ban on imports to support balance of payment and help the rupee to stabilize. But all these measures appeared in failure as the exchange rate yet again deteriorated today massively.

READ MORE: Rupee’s erosion continues as dollar closes at Rs205.16

June 20, 2022

Foreign currency rates in Pak Rupee – June 20, 2022

KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on June 20, 2022 (The rates are updated at 11:09 AM (Pakistan Standard Time):

Currency	Buying	Selling
Australian Dollar (AUD)	144.50	145.75
Bahrain Dinar (BHD)	550.60	555.10
Canadian Dollar (CAD)	160.50	161.85
China Yuan (CNY)	30.83	31.08
Danish Krone (DNK)	28.92	29.27
Euro (EUR)	219.50	223.00
Hong Kong Dollar (HKD)	26.37	26.72
Indian Rupee (INR)	2.65	2.73
Japanese Yen (JPY)	1.60	1.66
Kuwaiti Dinar (KWD)	673.22	678.22
Malaysian Ringgit (MYR)	46.89	47.34
NewZealand $ (NZD)	129.20	130.40
Norwegians Krone (NOK)	20.64	20.94
Omani Riyal (OMR)	538.33	542.83
Qatari Riyal (QAR)	56.20	56.80
Saudi Riyal (SAR)	55.60	56.40
Singapore Dollar (SGD)	150.00	151.30
Swedish Korona (SEK)	20.19	20.49
Swiss Franc (CHF)	206.53	208.28
Thai Bhat (THB)	5.92	6.02
U.A.E Dirham (AED)	57.00	57.90
UK Pound Sterling (GBP)	256.50	260.00
US Dollar (USD)	209.00	211.00

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.

June 20, 2022

Pakistani Rupee to US Dollar on June 20, 2022

KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on June 20, 2022:

Buying: Rs 209.00 to the US Dollar

Selling: Rs 211.00 to the US Dollar

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 10:34 AM Pakistan Standard Time (PST).

The US Dollar /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.

READ MORE: Pakistani Rupee to US Dollar on June 19, 2022

June 20, 2022
Pakistani Rupee to UAE Dirham on June 20, 2022

KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on June 20, 2022:

Buying: Rs 57.00 to the UAE Dirham

Selling: Rs 57.90 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 10:25 AM 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.

READ MORE: Pakistani Rupee to UAE Dirham on June 19, 2022

June 20, 2022
Pakistani Rupee to Euro on June 20, 2022

KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on June 20, 2022:

Buying: Rs 219.50 to the Euro

Selling: Rs 223.00 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 10:17 AM 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.

READ MORE: Pakistani Rupee to Euro on June 19, 2022

June 20, 2022