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: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as of December 15, 2021.
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KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on December 15, 2021 (The rates are updated at 09:35 AM Pakistan Standard Time):
| Currency | Buying | Selling |
| Australian Dollar (AUD) | 124.50 | 126.00 |
| Bahrain Dinar (BHD) | 386.85 | 388.60 |
| Canadian Dollar (CAD) | 138.00 | 139.50 |
| China Yuan (CNY) | 23.50 | 23.90 |
| Danish Krone (DNK) | 23.50 | 23.80 |
| Euro (EUR) | 200.50 | 202.00 |
| Hong Kong Dollar (HKD) | 16.75 | 17.00 |
| Indian Rupee (INR) | 2.03 | 2.10 |
| Japanese Yen (JPY) | 1.41 | 1.44 |
| Kuwaiti Dinar (KWD) | 481.80 | 484.30 |
| Malaysian Ringgit (MYR) | 36.50 | 36.85 |
| NewZealand $ (NZD) | 96.55 | 97.25 |
| Norwegians Krone (NOK) | 17.50 | 17.75 |
| Omani Riyal (OMR) | 392.75 | 394.78 |
| Qatari Riyal (QAR) | 39.90 | 40.50 |
| Saudi Riyal (SAR) | 47.30 | 48.00 |
| Singapore Dollar (SGD) | 128.00 | 129.50 |
| Swedish Korona (SEK) | 18.50 | 18.75 |
| Swiss Franc (CHF) | 159.90 | 160.80 |
| Thai Bhat (THB) | 4.80 | 4.90 |
| U.A.E Dirham (AED) | 48.50 | 49.00 |
| UK Pound Sterling (GBP) | 235.00 | 237.50 |
| US Dollar (USD) | 179.75 | 181.40 |
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.
KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on December 15, 2021:
Buying: Rs 179.75 to the US Dollar
Selling: Rs 181.40 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 09:30AM 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.
KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on December 15, 2021:
Buying: Rs 48.50 to the UAE Dirham
Selling: Rs 49.00 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 09:25 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.
KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on December 15, 2021:
Buying: Rs 235.00 to the UK Pound Sterling
Selling: Rs 237.50 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 09:20 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.
KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on December 15, 2021:
Buying: Rs 200.50 to the Euro
Selling: Rs 202.00 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 09:15 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.
KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on December 15, 2021:
Buying: Rs 47.30 to the Saudi Riyal
Selling: Rs 48.00 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 09:10 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.
Central Directorate of National Savings (CDNS) has held Fourth draw of Rs25,000 denomination prize bonds (premium or registered) and announced Rs30 million as first prize to the bond number (016253) and (067408).
The prize bond draw was held at Quetta on December 10, 2021.
Five bonds i.e. (038203), (171265), (551833), (655804) and (916353) have been awarded Rs10 million each as the second prize.
Whereas 700 prizes of Rs300,000 each to the following numbers of prize bonds:
Please click the link to check the numbers.
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the Karachi Interbank Offered Rates (KIBOR) as of December 14, 2021.
Following are the latest KIBOR rates:
| Tenor | BID | OFFER |
| 1 – Week | 9.50 | 10.00 |
| 2 – Week | 9.64 | 10.14 |
| 1 – Month | 9.87 | 10.37 |
| 3 – Month | 10.62 | 10.87 |
| 6 – Month | 11.29 | 11.54 |
| 9 – Month | 11.39 | 11.89 |
| 1 – Year | 11.47 | 11.97 |
KARACHI: The State Bank of Pakistan (SBP) on Tuesday revised Foreign Exchange Manual related to remittances for petroleum sector operating under petroleum concession agreements.
The central bank invited attention of Authorized Dealers is drawn towards Para 27 of Chapter 14 of Foreign Exchange Manual in terms of which SBP notified the process of remittance for Petroleum Sector.
Based on representations received from various stakeholders, it has been decided to amend Para 27 of Chapter 14, as under:
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27. Remittance for Petroleum Sector Operating under Petroleum Concession Agreement(s):
Authorized Dealers are allowed to effect remittances, on account of purchase of Oil and Gas from Oil & Gas Exploration and Production (E&P) Companies operating in Pakistan under Petroleum Concession Agreements. All such remittances may be effected by the Authorized Dealer after satisfying itself about the genuineness of the transaction by reviewing the following documents:
Request letter from the applicant (Remitter).
Copy of duly executed valid Concession Agreement (to be submitted once during the validity period).
Details of Seller’s Working Interest.
READ MORE: SBP revises manual to facilitate cross border payments
Copy of valid underlying agreement/contract etc. between Applicant (purchaser) and seller (to be submitted once during validity period) – wherever applicable.
Form “M” duly filled signed and stamped by the applicant
Invoices complying the above mentioned underlying agreements, with complete details including quantity, description of goods, price, and conversion rate duly signed and stamped by the seller.
Verification of each invoice by a designated senior officer of the buying company along with stamp and signature.
Foreign Exchange allocation /No objection/approval of Ministry of Finance, where applicable.
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Undertaking from the applicant to the effect that no payment has been made against the invoice(s) in question. The undertaking can also be made part of the request letter.”
In case of any exemption from documentary requirements stipulated above, the authorized dealer shall approach Foreign Exchange Operations Department, SBP-Banking Services Corporation Karachi with proper rationale and recommendations.