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KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the Karachi Interbank Offered Rates (KIBOR) as of December 07, 2021.
Following are the latest KIBOR rates:
| Tenor | BID | OFFER |
| 1 – Week | 8.96 | 9.46 |
| 2 – Week | 9.03 | 9.53 |
| 1 – Month | 9.49 | 9.99 |
| 3 – Month | 10.56 | 10.81 |
| 6 – Month | 11.26 | 11.51 |
| 9 – Month | 11.36 | 11.86 |
| 1 – Year | 11.42 | 11.92 |
The State Bank of Pakistan (SBP) has released the exchange rates for December 07, 2021, offering valuable information based on the weighted average rates of commercial banks.
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KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on December 07, 2021 (The rates are updated at 09:50 AM Pakistan Standard Time):
| Currency | Buying | Selling |
| Australian Dollar (AUD) | 122.00 | 124.00 |
| Bahrain Dinar (BHD) | 386.85 | 388.60 |
| Canadian Dollar (CAD) | 137.00 | 138.50 |
| China Yuan (CNY) | 23.75 | 23.90 |
| Danish Krone (DNK) | 23.50 | 23.80 |
| Euro (EUR) | 197.00 | 199.00 |
| 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) | 46.50 | 47.00 |
| Singapore Dollar (SGD) | 126.50 | 128.00 |
| 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) | 48.00 | 48.50 |
| UK Pound Sterling (GBP) | 232.50 | 235.00 |
| US Dollar (USD) | 177.50 | 178.75 |
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: The US dollar eased by 29 paisas against the dollar on Monday to close at Rs176.48 in the interbank foreign exchange market.
The dollar witnessed an all-time high against the Pak Rupee (PKR) on December 03, 2021.
The dollar weakened today due to the foreign inflows to the tune of $3 billion deposited by the Saudi Development Fund (SDF) to the State Bank of Pakistan (SBP) on December 04, 2021.
READ MORE: Saudi Arabia places $3bn with Pakistan’s central bank
Currency experts said that the market was expected sharp recovery in rupee value owing to the Saudi fund deposit. But the local unit only recovered 29 paisas.
They said that the dollar demand remained high during the day for import payment as the market was opened after two weekly holidays.
The dealers said that the large import bill remained a threat to the rupee value in the coming days.
READ MORE: Pakistan’s trade deficit widens by 112% to $20.59 billion
According to the official data of the Pakistan Bureau of Statistics (PBS) released a day earlier, showed the import bill of the country surged by 69.17 per cent to $33 billion during the first five months (July – November) 2021/2022 as compared with $19.47 billion in the corresponding months of the last fiscal year.
KARACHI: State Bank of Pakistan (SBP) on Monday issued the Karachi Interbank Offered Rates (KIBOR) as of December 06, 2021.
Following are the latest KIBOR rates:
| Tenor | BID | OFFER |
| 1 – Week | 8.95 | 9.45 |
| 2 – Week | 8.99 | 9.49 |
| 1 – Month | 9.44 | 9.94 |
| 3 – Month | 10.50 | 10.75 |
| 6 – Month | 11.25 | 11.50 |
| 9 – Month | 11.34 | 11.84 |
| 1 – Year | 11.40 | 11.90 |
Karachi, Pakistan – The State Bank of Pakistan (SBP) has published the customers’ exchange rates for December 06, 2021, providing insights into the current currency values.
(more…)KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on Dec 06, 2021 (The rates are updated at 11:10 AM Pakistan Standard Time):
(more…)KARACHI: The US dollar recorded a new high at Rs176.77 against the Pak Rupee (PKR) at the closing of the Interbank foreign exchange market on Friday.
(more…)Karachi, Pakistan – The State Bank of Pakistan (SBP) has unveiled the exchange rates for December 03, 2021, providing a snapshot of the current market values.
(more…)KARACHI: The US dollar has breached the level of Rs177 to make a new record high during intraday trading on Friday. So far the rupee lost 88 paisas against the dollar as the foreign currency is being traded at Rs177.30 in the interbank foreign exchange market. The rupee closed at Rs176.42 to the dollar a day earlier in the interbank foreign exchange market.
The Pak Rupee is under severe pressure due to a surge in import bills and a widening of trade deficit.
Official data revealed that Pakistan’s trade deficit ballooned by 112 per cent to $20.59 billion during the first five months (July – October) of the current fiscal year 2021/2022.
The trade deficit was at $9.72 billion in the same months of the last fiscal year, revealed by the data released by the Pakistan Bureau of Statistics (PBS).
Pakistan’s import bill surged by 69.17 per cent to $32.934 billion during July – November 2021/2022 as compared with $19.468 billion in the same period of the last fiscal year.
The exports of the country also exhibited by 26.68 per cent to $12.344 billion during the period under review as compared with $9.744 billion in the corresponding period of the last fiscal year.
The falling official foreign exchange reserves of the State Bank of Pakistan (SBP) are also another reason for the rupee deterioration. According to the data released by the SBP, its official reserves were declined by $244 million to $16.01 billion by the week ended November 26, 2021, as compared with $16.254 billion a week ago.
Pakistan’s import cover has been reduced to two months with a reduction in official foreign exchange reserves of the State Bank of Pakistan (SBP) to $16.01 billion.