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Karachi, October 20, 2021: The State Bank of Pakistan (SBP) has released the official exchange rates for Wednesday, October 20, 2021.
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KARACHI: The US dollar is remained unabated as the greenback reached to a new peak of Rs173 in early day trade. The dollar is being traded at Rs173 in interbank foreign exchange market at 09:45AM. The local currency has lost around 22 paisas against the dollar from Monday’s October 18, 2021 when it closed on the record high of Rs172.78 in the interbank foreign exchange market.
Currency dealers said that the rupee is under pressure due to public holiday observed yesterday. Further, the State Bank of Pakistan (SBP) released balance of payment data on public holiday.
According to balance of payment (BOP) statistics released by the State Bank of Pakistan (SBP) on Tuesday, the current account deficit widened to $3.4 billion during the first quarter of the current fiscal year as compared with a surplus of $865 million in the corresponding period of the last fiscal year.
The country’s trade deficit has swollen by massive 102.10 per cent to $11.75 billion during the quarter under review as compared with the deficit of $5.81 billion in the corresponding quarter of the last fiscal year.
The import bill registered a sharp growth of 66.11 per cent to $18.75 billion during July – September of the current fiscal year as compared with $11.29 billion in the same period of the last fiscal year.
Meanwhile, the exports have also exhibited a growth of 28 per cent to $6.99 billion during the quarter under review as compared with $5.47 billion in the same period of the last fiscal year.
KARACHI: Following are the exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on October 20, 2021 (The rates are updated at 09:40 AM):
| Currency | Buying | Selling |
| Australian Dollar (AUD) | 125.50 | 127.00 |
| Bahrain Dinar (BHD) | 386.75 | 388.50 |
| Canadian Dollar (CAD) | 137.00 | 139.00 |
| China Yuan (CNY) | 23.75 | 23.90 |
| Danish Krone (DNK) | 23.45 | 23.75 |
| Euro (EUR) | 197.00 | 199.00 |
| 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) | 45.45 | 46.00 |
| Singapore Dollar (SGD) | 124.00 | 125.50 |
| Swedish Korona (SEK) | 18.35 | 18.60 |
| Swiss Franc (CHF) | 159.90 | 160.80 |
| Thai Bhat (THB) | 4.80 | 4.90 |
| U.A.E Dirham (AED) | 47.00 | 47.50 |
| UK Pound Sterling (GBP) | 234.50 | 237.00 |
| US Dollar (USD) | 172.40 | 173.40 |
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: State Bank of Pakistan (SBP) on Monday issued the following Karachi Interbank Offered Rates (KIBOR) on October 18, 2021.
| Tenor | BID | OFFER |
| 1 – Week | 7.22 | 7.72 |
| 2 – Week | 7.25 | 7.75 |
| 1 – Month | 7.30 | 7.80 |
| 3 – Month | 7.76 | 8.01 |
| 6 – Month | 8.16 | 8.41 |
| 9 – Month | 8.46 | 8.96 |
| 1 – Year | 8.74 | 9.24 |
KARACHI: The Pak Rupee (PKR) derailed against dollar on Monday and fell to a new all-time low of Rs172.78 in the interbank foreign exchange market.
The rupee fell by Rs1.6 to end at Rs178.78 to a dollar from last Friday’s closing of Rs171.18 in the interbank foreign exchange market.
Currency experts said that the market was opened after two days holidays. Further a public holiday on October 19, 2021 put pressure on dollar demand.
They said that huge import bill during first quarter of the current fiscal year pushed up the dollar demand. The import bill of the country recorded an increase of 66.11 per cent during first quarter (July – September) 2021. The country has spent foreign exchange to the tune of $18.75 billion during first quarter of the current fiscal year as compared with $11.28 billion in the corresponding quarter of the last fiscal year.
The oil import bill is the major reason for the massive depreciation in the local currency. The oil import bill registered a phenomenal growth of 97 per cent to $4.59 billion during the first quarter of the current fiscal year as compared with $2.33 billion in the corresponding quarter of the last fiscal year.
KARACHI – The following are the exchange rates of major foreign currencies against the Pakistani Rupee (PKR) in the open market on October 18, 2021.
(more…)KARACHI: Following are the exchange rates of foreign currencies in Pak Rupee (PKR) on October 16, 2021 (The rates are updated at 10:24 AM):
| Currency | Buying | Selling |
| Australian Dollar | 124.85 | 126.35 |
| Bahrain Dinar | 386.75 | 388.50 |
| Canadian Dollar | 136.10 | 138.10 |
| China Yuan | 23.75 | 23.90 |
| Danish Krone | 23.45 | 23.75 |
| Euro | 197.20 | 199.20 |
| Hong Kong Dollar | 16.70 | 16.95 |
| Indian Rupee | 2.03 | 2.10 |
| Japanese Yen | 1.41 | 1.44 |
| Kuwaiti Dinar | 481.70 | 484.20 |
| Malaysian Ringgit | 36.45 | 36.80 |
| NewZealand $ | 96.45 | 97.15 |
| Norwegians Krone | 17.50 | 17.75 |
| Omani Riyal | 392.70 | 394.70 |
| Qatari Riyal | 39.90 | 40.50 |
| Saudi Riyal | 45.45 | 46.05 |
| Singapore Dollar | 124.50 | 126 |
| Swedish Korona | 18.35 | 18.60 |
| Swiss Franc | 159.90 | 160.80 |
| Thai Bhat | 4.80 | 4.90 |
| U.A.E Dirham | 46.65 | 47.25 |
| UK Pound Sterling | 233.60 | 236.10 |
| US Dollar | 171.60 | 172.60 |
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 Friday issued the following Karachi Interbank Offered Rates (KIBOR) on October 15, 2021.
| Tenor | BID | OFFER |
| 1 – Week | 7.21 | 7.71 |
| 2 – Week | 7.25 | 7.75 |
| 1 – Month | 7.29 | 7.79 |
| 3 – Month | 7.71 | 7.96 |
| 6 – Month | 8.10 | 8.35 |
| 9 – Month | 8.38 | 8.88 |
| 1 – Year | 8.60 | 9.10 |
KARACHI: The State Bank of Pakistan (SBP) has made it mandatory for its regulated entities (REs) including banks, microfinance banks, payment system operators and payment system providers to provide digital means of payments to their corporate clients to enable businesses for sending and receiving their payments.
Ina statement issued on Friday, the central bank said the SBP has now made it mandatory for its regulated entities (REs) including banks, microfinance banks, payment system operators and payment system providers to provide digital means of payments to their corporate clients to enable businesses for sending and receiving their payments.
SBP, in its recent Circular, has asked its regulated entities to facilitate their institutional clients including corporations, companies, and partnerships for making large value payments through digital channels.
Regulated entities are now required to extend online portals/platforms for digital payments & receipts of corporates including online interbank fund transfer services, online bill/invoice sharing and payment services like over the Counter (OTC) digital payments services/facilities, card payments using Point of Sale (POS) terminals, QR codes, mobile devices, ATMs, Kiosk or any other digital payments enabled device.
In order to monitor the progress of implementation of these instructions, SBP has advised banks to submit roadmap of implementing these measures within 30 days.
Banks are also required to submit quarterly progress reports to SBP on the number of businesses facilitated for digitization of their payments and receipts.
SBP expects that these measures would increase documentation of value chains and help businesses manage their large value transactions more effectively.
The initiative will also facilitate implementation of Federal Board of Revenue’s recently introduced measures on integration of businesses with FBR system and conducting of corporate payments through digital means.
Regulated entities are also required to make all efforts to onboard non-corporate players including Sole Proprietors, SMEs and MSMEs for the provision of digital payments.
KARACHI: The US dollar lost two paisas against the Pak Rupee (PKR) on Friday amid external payment demand.
The rupee ended at Rs171.18 to the dollar from previous day’s closing of Rs171.20 in the interbank foreign exchange market. The dollar recorded all time high at Rs171.20 a day earlier.
Currency experts said that high international commodity prices and rising domestic demand after ease in coronavirus cases escalated the demand for imported goods.
The import bill registered a sharp growth of 65 per cent to $18.63 billion during the first quarter (July – September) of the current fiscal year as compared with $11.28 billion in the corresponding quarter of the last fiscal year.
The State Bank of Pakistan (SBP) during the past few days introduced various measures to discourage outflow of dollars. However, these measures are unable to stop depreciation in rupee value.
The local currency remained under pressure since the start of the current fiscal year. The local unit has lost Rs13.64 or 8.66 per cent against the dollar from Rs157.54 on June 30, 2021 to Rs171.18 to date.