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KARACHI: The governor of State Bank of Pakistan (SBP), Dr. Reza Baqir has highlighted issues related to cybersecurity faced by banking system at the Islamic Financial Services Board (IFSB), Malaysia organised the 13th Public Lecture Series on the theme of ‘Sustainability and Cyber Resilience’ on December 8, 2021 in Abu Dhabi, United Arab Emirates.
Karachi, Pakistan – The State Bank of Pakistan (SBP) has published the exchange rates for December 09, 2021, providing valuable insights for customers based on the weighted average rates of commercial banks.
KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on December 09, 2021 (The rates are updated at 09:06 AM Pakistan Standard Time):
Currency
Buying
Selling
Australian Dollar (AUD)
124.50
125.50
Bahrain Dinar (BHD)
386.85
388.60
Canadian Dollar (CAD)
138.50
140.00
China Yuan (CNY)
23.75
23.90
Danish Krone (DNK)
23.50
23.80
Euro (EUR)
199.00
201.00
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)
47.00
47.50
Singapore Dollar (SGD)
128.00
129.30
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)
48.40
48.90
UK Pound Sterling (GBP)
235.00
237.50
US Dollar (USD)
177.75
179.25
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.
The dollar reached crossed the previous record high which was on December 7, 2021 at Rs176.79 in the interbank foreign exchange market. The Pak Rupee (PKR) lost 64 paisas against the dollar when compared with the last day closing.
Currency experts said that the dollar demand for import and corporate payments were remained high during the day.
They said that deposit of $3 billion by Saudi Development Fund (SDF) with the State Bank of Pakistan (SBP) had failed to impact the rupee value. Further, the monetary tightening by the SBP also unable to support the rupee. The SBP in its last monetary policy on November 19, 2021 jacked up the key policy rate by 150 basis points to 8.75 per cent.
The experts said that the local unit would only be supported by curtailing the imports.
The import bill of the country surged by 69.17 per cent to $33 billion during first five months (July – November) 2021/2022 as compared with $19.47 billion in the corresponding months of the last fiscal year.
Karachi, Pakistan – The State Bank of Pakistan (SBP) has released the exchange rates for December 08, 2021, offering valuable information based on the weighted average rates of commercial banks.
KARACHI: The US dollar recorded an all-time high of Rs177.35 during midday trading at Interbank Foreign Exchange Market on Wednesday.
The Pak Rupee (PKR) ended previous record low at Rs176.79 to the dollar on December 07, 2021.
The rupee is facing deterioration due to large import bill.
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 first five months (July – November) 2021/2022 as compared with $19.47 billion in the corresponding months of the last fiscal year.
KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on December 08, 2021 (The rates are updated at 10:10 AM Pakistan Standard Time):
KARACHI: The free fall in rupee value continued on Tuesday as the dollar hit new high at Rs176.79 in the interbank foreign exchange market.
The Pak Rupee (PKR) lost 31 paisas against the dollar to end at Rs176.79 from the previous day’s closing of Rs176.48 in the interbank foreign exchange market.
Currency experts said that dollar demand remained high and offset the impact of Saudi fund support.
The Saudi Development Fund (SDF) placed an amount of $3 billion with the State Bank of Pakistan (SBP) on December 04, 2021. The market was expecting some gain in rupee value following the fund transfers. However, large import bill remained big challenge for the rupee stability.
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 first five months (July – November) 2021/2022 as compared with $19.47 billion in the corresponding months of the last fiscal year.
