Money and banking drive economic activity by facilitating transactions, savings, and investments. Banks manage financial resources, offer credit, and regulate money supply, ensuring stability and growth in Pakistan’s financial sector.
Karachi, August 20, 2024 – The Pakistani rupee appreciated to PKR 278.34 against the US Dollar on Tuesday, bolstered by improved foreign inflows and a shrinking current account deficit.
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On August 20, 2024, the buying rate of one US Dollar (USD) in Pakistani Rupees (PKR) in the open market was Rs 279.38, while the selling rate was Rs 280.30.
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On August 20, 2024, the buying rate of one Canadian Dollar (CAD) in Pakistani Rupees (PKR) in the open market was Rs 202.65, while the selling rate was Rs 207.00.
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On August 20, 2024, the buying rate of one UAE Dirham (AED) in Pakistani Rupees (PKR) in the open market was Rs 75.89, while the selling rate was Rs 76.32.
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On August 20, 2024, the buying rate of one UK Pound Sterling (GBP) in Pakistani Rupees (PKR) in the open market was Rs 360.31, while the selling rate was Rs 362.27.
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On August 20, 2024, the buying rate of one Euro (EUR) in Pakistani Rupees (PKR) in the open market was Rs 306.97, while the selling rate was Rs 308.58.
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On August 20, 2024, the buying rate of one Saudi Riyal (SAR) in Pakistani Rupees (PKR) in the open market was Rs 74.09, while the selling rate was Rs 74.52.
(more…)Karachi, August 19, 2024 – The Pakistani rupee gained 10 paisas against the US dollar on Monday, closing at PKR 278.44 in the interbank foreign exchange market, up from last Friday’s close of PKR 278.54. This modest appreciation is attributed to improved inflows from exports and remittances, alongside a narrowing current account deficit.
(more…)Karachi, August 18, 2024 – The Pakistani rupee is expected to maintain its stability against the US dollar in the coming week, buoyed by ample foreign exchange reserves and positive economic trends, according to analysts and currency dealers.
(more…)Karachi, August 16, 2024 – The Pakistani Rupee gained 16 paisas against the US dollar on Friday, reflecting a positive turn in the country’s economic outlook due to an improvement in foreign exchange reserves.
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