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, October 27, 2021: The State Bank of Pakistan (SBP) has unveiled the official exchange rates for customers on this Wednesday, October 27, 2021.
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KARACHI: Prime Minister Imran Khan on Wednesday thanked Saudi Crown Prince Mohammad Bin Salman for supporting Pakistan with $3 billion as deposit in Pakistan’s central bank and financing refined petroleum product with $1.2 billion.
The prime minister said in a tweet. “KSA has always been there for Pak in our difficult times including now when world confronts rising commodity prices.”
On the other hand the dollar retreated in early trade in interbank foreign exchange market.
The dollar declined by 92 paisas in early trade. The dollar was being traded at Rs174.35 from previous day’s closing of Rs175.27 in interbank foreign exchange market.
Saudi Arabia has 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.
According to the Saudi Press Agency – SPA, the Saudi Fund for Development in a “generous gesture” announced a deposit of $3 billion dollars with the State Bank of Pakistan (SBP) to help the government support its foreign currency reserves and counter the impact of the Corona pandemic.
KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on October 27, 2021 (The rates are updated at 09:40 PM Pakistan Standard Time):
| Currency | Buying | Selling |
| Australian Dollar (AUD) | 129.00 | 131.00 |
| Bahrain Dinar (BHD) | 386.75 | 388.50 |
| Canadian Dollar (BHD) | 140.00 | 142.00 |
| China Yuan (CNY) | 23.75 | 23.90 |
| Danish Krone (DNK) | 23.45 | 23.75 |
| Euro (EUR) | 200.00 | 202.50 |
| Hong Kong Dollar (HKD) | 16.70 | 16.95 |
| Indian Rupee (INR) | 2.03 | 2.10 |
| Japanese Yen (JPY) | 1.41 | 1.44 |
| Kuwaiti Dinar (KWD) | 481.70 | 484.20 |
| Malaysian Ringgit (MYR) | 36.45 | 36.80 |
| NewZealand $ (NZD) | 96.45 | 97.15 |
| Norwegians Krone (NOK) | 17.50 | 17.75 |
| Omani Riyal (OMR) | 392.70 | 394.70 |
| Qatari Riyal (QAR) | 39.90 | 40.50 |
| Saudi Riyal (SAR) | 47.00 | 47.50 |
| Singapore Dollar (SGD) | 129.00 | 131.00 |
| Swedish Korona (SEK) | 18.45 | 18.70 |
| Swiss Franc (CHF) | 159.90 | 160.80 |
| Thai Bhat (THB) | 4.80 | 4.90 |
| U.A.E Dirham (AED) | 48.70 | 49.20 |
| UK Pound Sterling (GBP) | 239.50 | 242.00 |
| US Dollar (USD) | 174.30 | 175.30 |
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: State Bank of Pakistan (SBP) on Tuesday issued the following Karachi Interbank Offered Rates (KIBOR) on October 26, 2021.
| Tenor | BID | OFFER |
| 1 – Week | 7.23 | 7.73 |
| 2 – Week | 7.27 | 7.77 |
| 1 – Month | 7.32 | 7.82 |
| 3 – Month | 8.11 | 8.36 |
| 6 – Month | 8.60 | 8.85 |
| 9 – Month | 8.79 | 9.29 |
| 1 – Year | 9.01 | 9.51 |
Karachi, October 26, 2021: The State Bank of Pakistan (SBP) has provided customers with the official exchange rates for Tuesday, October 26, 2021.
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United Bank Limited (UBL) has announced a strong financial performance for the first nine months of 2021, with a Profit Before Tax (PBT) of Rs39.3 billion, marking a remarkable 49% year-on-year growth. The bank’s earnings per share (EPS) for the same period stood at Rs. 18.6, a substantial increase from Rs. 13.1 in the corresponding period of 2020.
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KARACHI: The Pak Rupee (PKR) on Tuesday continued its fathomless journey against the dollar as the foreign currency reached to a new high of Rs175.27.
The rupee ended with a decline of 84 paisas to close at Rs175.27 to the dollar from previous day’s closing of Rs174.43 in the interbank foreign exchange market.
Currency dealers said that the external payment kept the pressure on dollar demand during the day.
They said that the dollar demand was remained high owing to widening of trade deficit. Further, the reduction in official foreign exchange reserves of the State Bank of Pakistan (SBP) has also put pressure on dollar demand.
The official foreign exchange reserves of the State Bank recorded a decline of $1.646 billion to $17.492 billion by the week ended October 15, 2021 as compared with $19.138 billion by week ended October 08, 2021.
The import bill has registered 66.11 per cent growth to $18.74 billion during the first quarter of the current fiscal year as compared with $11.28 billion in the corresponding quarter of the last fiscal year.
The rupee is facing a continuous fall since start of the current fiscal year. The local currency recorded a depreciation of Rs17.73 or 11.25 per cent against the dollar when compared the value of Rs157.54 to dollar on June 30, 2021 with Rs175.27 as on October 26, 2021.
KARACHI: The US dollar hit 175 against Pak Rupee (PKR) during intraday trading in the interbank foreign exchange market on Tuesday.
The Pak Rupee so far lost 57 paisas against the dollar during intra-day trading in the interbank foreign exchange market.
The rupee ended Rs174.43 to the dollar a day earlier.
Currency experts said that the massive external payments of imports and repayment by the State Bank of Pakistan (SBP) had also put pressure on dollar demand.
The official foreign exchange reserves of the State Bank recorded a decline of $1.646 billion to $17.492 billion by the week ended October 15, 2021 as compared with $19.138 billion by week ended October 08, 2021.
The current account deficit ballooned to $3.4 billion during July – September 2021 as compared with a surplus of $865 million in the corresponding period of the last fiscal year, according to the SBP.
The import bill shown a 66.11 per cent growth to $18.74 billion during the first quarter of the current fiscal year as compared with $11.28 billion in the corresponding quarter of the last fiscal year.
KARACHI: Following are the exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on October 26, 2021 (The rates are updated at 09:55 AM Pakistan Standard Time):
| Currency | Buying | Selling |
| Australian Dollar (AUD) | 128.50 | 130 |
| Bahrain Dinar (BHD) | 386.75 | 388.50 |
| Canadian Dollar (BHD) | 139 | 141 |
| China Yuan (CNY) | 23.75 | 23.90 |
| Danish Krone (DNK) | 23.45 | 23.75 |
| Euro (EUR) | 200.50 | 203 |
| Hong Kong Dollar (HKD) | 16.70 | 16.95 |
| Indian Rupee (INR) | 2.03 | 2.10 |
| Japanese Yen (JPY) | 1.41 | 1.44 |
| Kuwaiti Dinar (KWD) | 481.70 | 484.20 |
| Malaysian Ringgit (MYR) | 36.45 | 36.80 |
| NewZealand $ (NZD) | 96.45 | 97.15 |
| Norwegians Krone (NOK) | 17.50 | 17.75 |
| Omani Riyal (OMR) | 392.70 | 394.70 |
| Qatari Riyal (QAR) | 39.90 | 40.50 |
| Saudi Riyal (SAR) | 46.75 | 47.25 |
| Singapore Dollar (SGD) | 127 | 128.50 |
| Swedish Korona (SEK) | 18.45 | 18.70 |
| Swiss Franc (CHF) | 159.90 | 160.80 |
| Thai Bhat (THB) | 4.80 | 4.90 |
| U.A.E Dirham (AED) | 48.50 | 49 |
| UK Pound Sterling (GBP) | 239 | 241.50 |
| US Dollar (USD) | 174 | 175 |
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: State Bank of Pakistan (SBP) on Monday issued the following Karachi Interbank Offered Rates (KIBOR) on October 25, 2021.
| Tenor | BID | OFFER |
| 1 – Week | 7.23 | 7.73 |
| 2 – Week | 7.26 | 7.76 |
| 1 – Month | 7.31 | 7.81 |
| 3 – Month | 8.09 | 8.34 |
| 6 – Month | 8.53 | 8.78 |
| 9 – Month | 8.76 | 9.26 |
| 1 – Year | 8.98 | 9.48 |