KARACHI: State Bank of Pakistan (SBP) on Thursday issued the Karachi Interbank Offered Rates (KIBOR) as on May 19, 2022.
Following are the latest KIBOR rates:
| Tenor | BID | OFFER |
| 1 – Week | 12.25 | 12.75 |
| 2 – Week | 12.44 | 12.94 |
| 1 – Month | 12.95 | 13.45 |
| 3 – Month | 14.40 | 14.65 |
| 6 – Month | 14.59 | 14.84 |
| 9 – Month | 14.61 | 15.11 |
| 1 – Year | 14.61 | 15.11 |
KARACHI, May 19, 2022 – The State Bank of Pakistan (SBP) has issued the official exchange rates for customers on Thursday, May 19, 2022. These rates are derived from the weighted average rates provided by commercial banks and are disseminated for informational purposes only, according to an official statement by the SBP.
The SBP clarified that the data comprises estimates quoted by various commercial banks to their clients and serves as indicative exchange rates for commercial transactions between banks and customers.
Here are the buying and selling rates for major foreign currencies in Pakistan Rupees (PKR) as of May 19, 2022:
• AED (United Arab Emirates Dirham):
• Buying: PKR 54.4576
• Selling: PKR 54.5687
• AUD (Australian Dollar):
• Buying: PKR 139.7821
• Selling: PKR 140.0658
• CAD (Canadian Dollar):
• Buying: PKR 155.6900
• Selling: PKR 156.0064
• CHF (Swiss Franc):
• Buying: PKR 202.7083
• Selling: PKR 203.1243
• CNY (Chinese Yuan):
• Buying: PKR 29.5715
• Selling: PKR 29.6283
• EUR (Euro):
• Buying: PKR 209.6843
• Selling: PKR 210.1268
• GBP (British Pound):
• Buying: PKR 247.2174
• Selling: PKR 247.7245
• JPY (Japanese Yen):
• Buying: PKR 1.5534
• Selling: PKR 1.5566
• SAR (Saudi Riyal):
• Buying: PKR 53.2962
• Selling: PKR 53.4028
• USD (United States Dollar):
• Buying: PKR 199.8849
• Selling: PKR 200.3077
The exchange rates provided by the SBP are crucial for businesses and individuals involved in international trade and finance, serving as a reference point for commercial transactions involving foreign currencies in Pakistan.
Given the dynamic nature of foreign exchange markets, customers are advised to stay updated with their respective banks for real-time rates before initiating any foreign currency transactions. The SBP continues to uphold its role in promoting transparency and stability in the foreign exchange market, ensuring a fair and efficient system for the benefit of businesses and individuals engaged in cross-border transactions.
KARACHI: The US dollar gained Rs1.61 against the Pakistan Rupee (PKR) to make new peak at Rs200 at interbank foreign exchange market on Thursday.
The exchange rate was closed at Rs198.39 to the dollar a day earlier in interbank foreign exchange market.
READ MORE: Dollar makes new high Rs198.39 at interbank closing
Currency experts said that massive fall in foreign exchange reserves and high import payments were the major reasons behind rupee fall.
Further, delay in IMF tranche of $1 billion after the government decision not to remove subsidy on fuel prices, put further pressure on the exchange rate.
READ MORE: Dollar peaks at Rs195.50 at midday interbank trading
Pakistan’s foreign exchange reserves fell by $177 million to $16.376 billion by the week ended May 6, 2022. The foreign exchange reserves of the country were $16.553 billion by week ended April 30, 2022.
The country’s foreign exchange reserves hit record high at $27.228 billion by the week ended August 27, 2021. Since then the foreign exchange reserves have depleted by $10.852 billion.
READ MORE: Dollar makes new high Rs195.75 at interbank closing
The official reserves of the State Bank witnessed a decline of $190 million to $10.309 billion by the week ended May 6, 2022 as compared with $10.499 billion a week ago.
The SBP reserves reached a record high at $20.145 billion by August 27, 2021. The official reserves also fell by $9.836 billion after reaching record high. The official reserves of the SBP have been reduced to provide import payment cover for only 1.56 months.
READ MORE: SBP may raise policy rate by 100bps to 13.25%
The import bill of the country surged by 46.41 per cent to $65.49 billion during the first 10 months of the current fiscal year as compared with $44.73 billion in the corresponding months of the last fiscal year.
Pakistan is a net importer of petroleum products to meet its domestic demand. The country’s oil bill was $14.81 billion during the first nine months (July – March) 2021/2022 as compared with $7.55 billion in the corresponding period of the last fiscal year, showing a massive growth of 96 per cent. The oil bill is around 25 per cent of the total import bill of the country.
KARACHI: The exchange rate of Bitcoin (BTC) in Pak Rupee (PKR) is Rs5,788,754.87 on May 19, 2022 at 10:14 AM Pakistan Standard Time (PST), in the open exchange market.
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KARACHI: The exchange rate of Ripple (XRP) in Pak Rupee (PKR) is Rs81.27 on May 19, 2022 at 10:10 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs83.80 at closing on May 18, 2022.
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KARACHI: The exchange rate of Dogecoin (DOGE) in Pak Rupee (PKR) is Rs16.74 on May 19, 2022 at 10:02 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs17.38 at closing on May 18, 2022.
The rate of Dogecoin in US Dollar (USD) is $0.08 on May 19, 2022 at 10:02 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.09 at closing on May 18, 2022.
Disclaimer: All data and information are provided for informational purposes only. The data has not been provided for trading purposes or financial, investment, tax, legal, accounting, or other advice. In the case of trading, it is advised to consult your broker or financial representative to verify pricing before executing any trade. The exchange rate does not constitute investment advice. Further, it is not a recommendation to buy, sell or hold any security or financial product.
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as on May 18, 2022.
Following are the latest KIBOR rates:
| Tenor | BID | OFFER |
| 1 – Week | 12.27 | 12.77 |
| 2 – Week | 12.44 | 12.94 |
| 1 – Month | 13.00 | 13.50 |
| 3 – Month | 14.90 | 15.15 |
| 6 – Month | 14.93 | 15.18 |
| 9 – Month | 14.73 | 15.23 |
| 1 – Year | 14.73 | 15.23 |
KARACHI: The US dollar gained Rs2.64 against the Pakistan Rupee (PKR) to make new record high at Rs198.39 by end of trading at interbank foreign exchange market on Wednesday.
The exchange rate was closed at Rs198.39 to the dollar, which was the previous high of the dollar, a day earlier in interbank foreign exchange market.
READ MORE: Dollar makes new high Rs195.75 at interbank closing
Currency experts said that massive fall in foreign exchange reserves and high import payments were the major reasons behind rupee fall. Further, delay in IMF tranche of $1 billion after the government decision not to remove subsidy on fuel prices, put further pressure on the exchange rate.
Pakistan’s foreign exchange reserves fell by $177 million to $16.376 billion by the week ended May 6, 2022. The foreign exchange reserves of the country were $16.553 billion by week ended April 30, 2022.
The country’s foreign exchange reserves hit record high at $27.228 billion by the week ended August 27, 2021. Since then the foreign exchange reserves have depleted by $10.852 billion.
READ MORE: Dollar makes fresh high at Rs194.18 at interbank closing
The official reserves of the State Bank witnessed a decline of $190 million to $10.309 billion by the week ended May 6, 2022 as compared with $10.499 billion a week ago.
The SBP reserves reached a record high at $20.145 billion by August 27, 2021. The official reserves also fell by $9.836 billion after reaching record high. The official reserves of the SBP have been reduced to provide import payment cover for only 1.56 months.
The import bill of the country surged by 46.41 per cent to $65.49 billion during the first 10 months of the current fiscal year as compared with $44.73 billion in the corresponding months of the last fiscal year.
READ MORE: Rupee falls for 8th straight day; dollar hits Rs192.53
Pakistan is a net importer of petroleum products to meet its domestic demand. The country’s oil bill was $14.81 billion during the first nine months (July – March) 2021/2022 as compared with $7.55 billion in the corresponding period of the last fiscal year, showing a massive growth of 96 per cent. The oil bill is around 25 per cent of the total import bill of the country.
READ MORE: Rupee fall continues; dollar hits new high at Rs191.77
KARACHI, May 18, 2022 – The State Bank of Pakistan (SBP) has released the official exchange rates for customers on Wednesday, May 18, 2022. These rates are determined based on the weighted average rates provided by commercial banks and are intended for informational purposes only, according to a statement by the SBP.
The SBP emphasized that the data represents estimates quoted by various commercial banks to their clients and serves as indicative exchange rates for commercial transactions between banks and customers.
Here are the buying and selling rates for major foreign currencies in Pakistan Rupees (PKR) as of May 18, 2022:
• AED (United Arab Emirates Dirham):
• Buying: PKR 53.8366
• Selling: PKR 53.9476
• AUD (Australian Dollar):
• Buying: PKR 138.7710
• Selling: PKR 139.0561
• CAD (Canadian Dollar):
• Buying: PKR 154.1413
• Selling: PKR 154.4514
• CHF (Swiss Franc):
• Buying: PKR 198.6984
• Selling: PKR 199.1107
• CNY (Chinese Yuan):
• Buying: PKR 29.3061
• Selling: PKR 29.3639
• EUR (Euro):
• Buying: PKR 208.1495
• Selling: PKR 208.5950
• GBP (British Pound):
• Buying: PKR 246.3695
• Selling: PKR 246.8907
• JPY (Japanese Yen):
• Buying: PKR 1.5302
• Selling: PKR 1.5334
• SAR (Saudi Riyal):
• Buying: PKR 52.6897
• Selling: PKR 52.7969
• USD (United States Dollar):
• Buying: PKR 197.6082
• Selling: PKR 198.0310
Exchange rates play a pivotal role in international trade and finance, and the rates provided by the SBP serve as benchmarks for businesses and individuals involved in foreign currency transactions in Pakistan.
As foreign exchange markets are subject to constant fluctuations, customers are advised to stay informed with their respective banks for real-time rates before engaging in any foreign currency transactions. The SBP remains committed to ensuring transparency and stability in the foreign exchange market, fostering a fair and efficient system for businesses and individuals participating in cross-border transactions.
KARACHI: The exchange rate of Bitcoin (BTC) in Pak Rupee (PKR) is Rs5,848,366.53 on May 18, 2022 at 9:56 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs5,889,599.61 at closing on May 17, 2022.
The rate of Bitcoin in US Dollar (USD) is $29,821.92 on May 18, 2022 at 9:56 AM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $30,413.63 at closing on May 17, 2022.
Disclaimer: All data and information is provided for informational purposes only. The data has not been provided for trading purposes or financial, investment, tax, legal, accounting, or other advice. In the case of trading, it is advised to consult your broker or financial representative to verify pricing before executing any trade. The exchange rate does not constitute investment advice. Further, it is not a recommendation to buy, sell or hold any security or financial product.