Author: Hamza Shahnawaz

  • Pakistani Rupee to Saudi Riyal on May 17, 2022

    Pakistani Rupee to Saudi Riyal on May 17, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on May 17, 2022:

    Buying: Rs 50.25 to the Saudi Riyal

    Selling: Rs 50.60 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 10:22 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.

  • Banks increasing dollar rates; FAP tells Prime Minister

    Banks increasing dollar rates; FAP tells Prime Minister

    KARACHI: Malik Mohammad Bostan, President, Forex Association of Pakistan (FAP) on Monday informed Prime Minister Shehbaz Sharif that banks are increasing dollars rate.

    Prime Minister Shehbaz Shari, in a Zoom meeting with FAP President, expressed concerns of significant devaluation of Pakistan Rupee (PKR) and asked reasons behind the recent fall of rupee against the dollar.

    READ MORE: FAP demands dollar exchange without CNIC condition

    Bostan explained the reasons for dollar appreciation including high trade deficit, delay of $1 billion IMF loan tranche and huge external debt which are scheduled to pay this year.

    FAP President said that until the rate of dollar is not reduced in the interbank the free market may not bring down the exchange rate. He said the exchange companies can control the free market. “If banks bring down dollar rate by Re1 we will appreciate the local currency by Rs2,” he added.

    READ MORE: FAP suggests incentive to undeclared $3 billion

    Bostan informed the prime minister that after his oath taking the rupee appreciated to Rs181 to dollar from Rs189. “However, after political uncertainty and announcement of sit-in in Islamabad put pressure on the exchange rate,” he added.

    READ MORE: Dollar makes fresh high at Rs194.18 at interbank closing

    Due to uncertainty, importers are opening more Letter of Credit (LCs) and exporters were surrendering less dollars, which have reduced the supply of dollars in the local market, he added.

    FAP President suggested that the government should ban import of luxury items, which help in saving around $12 billion annually. “This will help the country to repay external debt without taking more loans,” he added.

    READ MORE: Pakistan’s forex reserves fall to $16.37 billion

  • Foreign currency rates in Pak Rupee – May 16, 2022

    Foreign currency rates in Pak Rupee – May 16, 2022

    KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on May 16, 2022 (The rates are updated at 09:02 AM (Pakistan Standard Time):

    CurrencyBuyingSelling
    Australian Dollar (AUD)130.00132.50
     Bahrain Dinar (BHD)386.50388.50
     Canadian Dollar (CAD)143.60145.10
     China Yuan (CNY)23.5523.95
     Danish Krone (DNK)23.6523.95
     Euro (EUR)198.10200.10
     Hong Kong Dollar (HKD)16.6016.85
     Indian Rupee (INR)2.032.10
     Japanese Yen (JPY)1.411.44
     Kuwaiti Dinar (KWD)481.85484.35
     Malaysian Ringgit (MYR)36.7537.10
     NewZealand $ (NZD)96.8597.55
     Norwegians Krone (NOK)17.5017.75
     Omani Riyal (OMR)392.95394.98
     Qatari Riyal (QAR)39.9040.50
     Saudi Riyal (SAR)49.5550.15
     Singapore Dollar (SGD)133.55135.55
     Swedish Korona (SEK)18.8019.05
     Swiss Franc (CHF)160.35161.25
     Thai Bhat (THB)4.804.90
     U.A.E Dirham (AED)50.5051.00
     UK Pound Sterling (GBP)232.10235.10
     US Dollar (USD)191.00193.00

    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.

  • Pakistani Rupee to US Dollar on May 16, 2022

    Pakistani Rupee to US Dollar on May 16, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on May 16, 2022:

    Buying: Rs 191.10 to the US Dollar

    Selling: Rs 193.10 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 09:00 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.

  • Pakistani Rupee to UAE Dirham on May 16, 2022

    Pakistani Rupee to UAE Dirham on May 16, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on May 16, 2022:

    Buying: Rs 50.50 to the UAE Dirham

    Selling: Rs 51.00 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 08:55 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.

  • Pakistani Rupee to UK Pound Sterling on May 16, 2022

    Pakistani Rupee to UK Pound Sterling on May 16, 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 May 16, 2022:

    Buying: Rs 232.10 to the UK Pound Sterling

    Selling: Rs 235.10 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 09:00 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.

  • Pakistani Rupee to Euro on May 16, 2022

    Pakistani Rupee to Euro on May 16, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on May 16, 2022:

    Buying: Rs 198.10 to the Euro

    Selling: Rs 200.10 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 08:47 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.

  • Pakistani Rupee to Saudi Riyal on May 16, 2022

    Pakistani Rupee to Saudi Riyal on May 16, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on May 16, 2022:

    Buying: Rs 49.55 to the Saudi Riyal

    Selling: Rs 50.15 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 08:43 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.

  • Foreign currency rates in Pak Rupee – May 15, 2022

    Foreign currency rates in Pak Rupee – May 15, 2022

    KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on May 15, 2022 (The rates are updated at 09:13 AM (Pakistan Standard Time):

    CurrencyBuyingSelling
    Australian Dollar (AUD)130.00132.50
     Bahrain Dinar (BHD)386.50388.50
     Canadian Dollar (CAD)143.60145.10
     China Yuan (CNY)23.5523.95
     Danish Krone (DNK)23.6523.95
     Euro (EUR)198.10200.10
     Hong Kong Dollar (HKD)16.6016.85
     Indian Rupee (INR)2.032.10
     Japanese Yen (JPY)1.411.44
     Kuwaiti Dinar (KWD)481.85484.35
     Malaysian Ringgit (MYR)36.7537.10
     NewZealand $ (NZD)96.8597.55
     Norwegians Krone (NOK)17.5017.75
     Omani Riyal (OMR)392.95394.98
     Qatari Riyal (QAR)39.9040.50
     Saudi Riyal (SAR)49.5550.15
     Singapore Dollar (SGD)133.55135.55
     Swedish Korona (SEK)18.8019.05
     Swiss Franc (CHF)160.35161.25
     Thai Bhat (THB)4.804.90
     U.A.E Dirham (AED)50.5051.00
     UK Pound Sterling (GBP)232.10235.10
     US Dollar (USD)191.00193.00

    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.

  • Pakistani Rupee to US Dollar on May 15, 2022

    Pakistani Rupee to US Dollar on May 15, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on May 15, 2022:

    Buying: Rs 191.10 to the US Dollar

    Selling: Rs 193.10 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 09:07 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.