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Category: Money & Banking

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.

  • Pakistan’s open market exchange rates on November 03

    Pakistan’s open market exchange rates on November 03

    KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on November 03, 2021 (The rates are updated at 09:02 AM Pakistan Standard Time):

    CurrencyBuyingSelling
    Australian Dollar (AUD)126127.5
     Bahrain Dinar (BHD)386.75388.50
     Canadian Dollar (BHD)136137.50
     China Yuan (BHD)23.7523.90
     Danish Krone (DNK)23.4523.75
     Euro (EUR)195197
     Hong Kong Dollar (HKD)16.7016.95
     Indian Rupee (INR)2.032.10
     Japanese Yen (JPY)1.411.44
     Kuwaiti Dinar (KWD)481.70484.20
     Malaysian Ringgit (MYR)36.4536.80
     NewZealand $ (NZD)96.4597.15
     Norwegians Krone (NOK)17.5017.75
     Omani Riyal (OMR)392.70394.70
     Qatari Riyal (QAR)39.9040.50
     Saudi Riyal (SAR)44.5045
     Singapore Dollar (SGD)124.50126
     Swedish Korona (SEK)18.5018.75
     Swiss Franc (CHF)159.90160.80
     Thai Bhat (THB)4.804.90
     U.A.E Dirham (AED)4747.50
     UK Pound Sterling (GBP)231.50234
     US Dollar (USD)169.70171.20

    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.

    Pakistan’s open market exchange rates on November 02
  • Dollar falls by 75 paisas against PKR in interbank

    Dollar falls by 75 paisas against PKR in interbank

    KARACHI: The US dollar fell against the Pak Rupee (PKR) by 75 paisas on Tuesday owing to positive sentiments prevailing in the foreign currency market.

    The rupee ended at Rs170.54 to the dollar from the previous day’s closing of Rs171.29 in the interbank foreign exchange market.

    The rupee is continuously making gain against the dollar after the announcement of Saudi Arabia to support Pakistan in the balance of payment.

    The rupee hit the historic low at Rs175.27 on October 26, 2021.

    Saudi Arabia last week announced an additional support of $3 billion to Pakistan for building its foreign exchange reserves. The additional financial support is besides a $1.2 billion dollars deferred oil facility to Pakistan to help its balance of payment issues, an official statement said.

    The local currency fell by Rs13.00 or 8.25 per cent from June 30, 2021 closing of Rs157.54 to the closing of Rs170.54 on November 2, 2021.

    Dollar ends down to Rs171.29 in interbank
  • KIBOR rates on November 02, 2021

    KIBOR rates on November 02, 2021

    KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the following Karachi Interbank Offered Rates (KIBOR) on November 02, 2021.

     TenorBIDOFFER
    1 – Week7.247.74
    2 – Week7.267.76
    1 – Month7.307.80
    3 – Month8.078.32
    6 – Month8.548.79
    9 – Month8.759.25
    1 – Year8.879.37
    KIBOR rates on November 01, 2021
  • SBP issues customers exchange rates for November 02

    SBP issues customers exchange rates for November 02

    KARACHI: The State Bank of Pakistan (SBP) on Tuesday issued customers’ exchange rates for November 02, 2021. The exchange rate is on the basis of weighted average rates of commercial banks.

    The SBP said the data is compiled and disseminated for information only.

    These exchange rates are estimates that quoted by various commercial banks to their clients.

    The banks provide their indicative exchange rates for commercial transactions with customers.

    CURRENCYBUYINGSELLING
    AED46.352146.4635
    AUD127.3076127.6078
    CAD137.3389137.6593
    CHF187.1194187.5691
    CNY26.620526.6801
    EUR197.4940197.9676
    GBP232.2738232.8393
    JPY1.49681.5004
    SAR45.367145.4746
    USD170.1377170.5605
    SBP issues customers exchange rates for November 01
  • Pakistan’s open market exchange rates on November 02

    Pakistan’s open market exchange rates on November 02

    KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on November 02, 2021 (The rates are updated at 09:45 AM Pakistan Standard Time):

     CurrencyBuyingSelling
     Australian Dollar (AUD)126.5128
     Bahrain Dinar (BHD)386.75388.50
    Canadian Dollar (BHD)137138.5
     China Yuan (BHD)23.7523.90
     Danish Krone (DNK)23.4523.75
    Euro (EUR)196198
     Hong Kong Dollar (HKD)16.716.95
     Indian Rupee (INR)2.032.1
     Japanese Yen (JPY)1.411.44
     Kuwaiti Dinar (KWD)481.7484.2
     Malaysian Ringgit (MYR)36.4536.8
    NewZealand $ (NZD)96.4597.15
     Norwegians Krone (NOK)17.5017.75
     Omani Riyal (OMR)392.7394.7
     Qatari Riyal (QAR)39.9040.50
     Saudi Riyal (SAR)4545.5
     Singapore Dollar (SGD)125126.5
     Swedish Korona (SEK)18.518.75
     Swiss Franc (CHF)159.9160.8
     Thai Bhat (THB)4.84.9
     U.A.E Dirham (AED)47.548
     UK Pound Sterling (GBP)233.5236
     US Dollar (USD)170.9172.3

    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.

    Pakistan’s open market exchange rates on November 01
  • SBP rejects reports of financial losses in cyber attack

    SBP rejects reports of financial losses in cyber attack

    KARACHI: State Bank of Pakistan (SBP) has strongly rejected the media reports of financial losses or data stolen in the recent cyber attack.

    In a tweet on Monday, the SBP said some fake news regarding cyber security attack on banks is in circulation including remarks attributed to Chief Spokesman Abid Qamar.

    According to these fake news, nine banks have been affected by the attack and that money has been withdrawn and data stolen.

    “SBP rejects these news [reports].”

    No bank, other than the National Bank of Pakistan (NBP), has faced a cyber attack.

    “Further, no financial loss or data breach has been observed so far,” the SBP added.

    The SBP is monitoring the situation closely and it will share any update or information about the incident through its official channels, according to the tweet.

    Earlier, on October 30, 2021, the SBP in another tweet stated that the NBP had reported a cybersecurity-related incident that is being investigated. “NBP has not observed any data breach or financial loss. No other bank has reported any such incidence,” the SBP said adding it was monitoring the situation closely to ensure the safety and soundness of the banking system.

    FBR defers digital payment provision for one month
  • KIBOR rates on November 01, 2021

    KIBOR rates on November 01, 2021

    KARACHI: State Bank of Pakistan (SBP) on Monday issued the following Karachi Interbank Offered Rates (KIBOR) on November 01, 2021.

     TenorBIDOFFER
    1 – Week7.267.76
    2 – Week7.277.77
    1 – Month7.307.80
    3 – Month8.028.27
    6 – Month8.468.71
    9 – Month8.759.25
    1 – Year8.839.33
    KIBOR rates on October 29, 2021
  • SBP issues customers exchange rates for November 01

    SBP issues customers exchange rates for November 01

    Karachi, November 01, 2021 – The State Bank of Pakistan (SBP) has released the official exchange rates for customers as of November 01, 2021.

    (more…)
  • Dollar ends down to Rs171.29 in interbank

    Dollar ends down to Rs171.29 in interbank

    KARACHI: The dollar fell to Rs171.29 in the interbank foreign exchange market on Monday. The Pak Rupee gained 36 paisas against the greenback.

    The rupee ended Rs171.29 to the dollar from last Friday’s closing of Rs171.65 in the interbank foreign exchange market.

    The rupee gained the value for the last four trading days after the Saudi government’s pledge to provide financial support to Pakistan.

    Saudi Arabia last Tuesday announced an additional support of $3 billion to Pakistan for building its foreign exchange reserves. The additional financial support is besides a $1.2 billion dollars deferred oil facility to Pakistan to help its balance of payment issues, an official statement said.

    The local currency has witnessed a gain of Rs3.98 or 2.27 per cent against the greenback during the past four trading sessions. The rupee hit the historic low at Rs175.27 on October 26, 2021.

    Dollar plunges to Rs171.65 in interbank forex market
  • Pakistan’s open market exchange rates on November 01

    Pakistan’s open market exchange rates on November 01

    KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on November 01, 2021 (The rates are updated at 11:10 AM Pakistan Standard Time):

    CurrencyBuyingSelling
    Australian Dollar (AUD)127.50129.50
    Bahrain Dinar (BHD)386.75388.50
    Canadian Dollar (BHD)138.00140.00
     China Yuan (BHD)23.7523.90
     Danish Krone (DNK)23.4523.75
     Euro (EUR)197.00199.00
     Hong Kong Dollar (HKD)16.7016.95
     Indian Rupee (INR)2.032.10
     Japanese Yen (JPY)1.411.44
     Kuwaiti Dinar (KWD)481.70484.20
     Malaysian Ringgit (MYR)36.4536.80
     NewZealand $ (NZD)96.4597.15
     Norwegians Krone (NOK)17.5017.75
     Omani Riyal (OMR)392.7394.70
     Qatari Riyal (QAR)39.9040.50
     Saudi Riyal (SAR)45.5046.00
     Singapore Dollar (SGD)125.50127.00
     Swedish Korona (SEK)18.5018.75
     Swiss Franc (CHF)159.90160.80
     Thai Bhat (THB)4.804.90
     U.A.E Dirham (AED)48.0048.50
     UK Pound Sterling (GBP)235.50238.00
     US Dollar (USD)171.00172.70

    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.

    Pakistan’s open market exchange rates on October 31