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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.

  • Dollar maintains record high level in interbank

    Dollar maintains record high level in interbank

    KARACHI: The dollar maintained the highest peak against the Pak Rupee in the interbank foreign exchange market on Tuesday.

    The rupee ended Rs170.80 to the dollar, which is also the same previous day’s closing level in the interbank foreign exchange market. The dollar is at the highest level against the local unit.

    Currency experts said that a day earlier the State Bank of Pakistan (SBP) took another measure to support the rupee. The central bank reduced the retention period of foreign exchange by exporters from five days to three days.

    They said that the dollar demand for import payment remained high. The dollar demand had increased further after the reports of 65 per cent growth in import bill during the first quarter of the current fiscal year.

    Rupee makes fresh lows against dollar
  • SBP issues customers exchange rates for October 05

    SBP issues customers exchange rates for October 05

    Karachi, October 05, 2021: The State Bank of Pakistan (SBP) has released the official exchange rates for Tuesday, October 05, 2021.

    (more…)
  • Exchange rates in PKR vs foreign currencies on Oct 5

    Exchange rates in PKR vs foreign currencies on Oct 5

    KARACHI: Following are the exchange rates of foreign currencies in Pak Rupee (PKR) on October 5, 2021 (The rates are updated at 12:42 AM):

    CurrencyBuyingSelling
    Australian Dollar123.10125.10
     Bahrain Dinar386.70388.46
     Canadian Dollar135.60137.60
     China Yuan23.7523.90
     Danish Krone23.4523.75
     Euro198.60200.10
     Hong Kong Dollar16.6516.90
     Indian Rupee2.032.10
     Japanese Yen1.411.44
     Kuwaiti Dinar481.60484.10
     Malaysian Ringgit36.4536.80
     NewZealand $96.3097
     Norwegians Krone17.5017.75
     Omani Riyal392.70394.70
     Qatari Riyal39.8040.40
     Saudi Riyal45.0545.55
     Singapore Dollar122.60124.10
     Swedish Korona18.3018.55
     Swiss Franc159.80160.70
     Thai Bhat4.804.90
     U.A.E Dirham46.5547.05
     UK Pound Sterling232.10234.60
     US Dollar172.40173.40

    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.

    Exchange rates in PKR vs foreign currencies on Oct 4
  • State Bank reduces retention period for foreign exchange

    State Bank reduces retention period for foreign exchange

    KARACHI: The State Bank of Pakistan (SBP) on Monday reduced the retention period of foreign exchange in the shape of export receipts and remittances of export commission.

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  • KIBOR rates on October 04, 2021

    KIBOR rates on October 04, 2021

    KARACHI: State Bank of Pakistan (SBP) on Monday issued the following Karachi Interbank Offered Rates (KIBOR) on October 04, 2021.

     TenorBIDOFFER
    1 – Week7.207.70
    2 – Week7.257.75
    1 – Month7.287.78
    3 – Month7.527.77
    6 – Month7.908.15
    9 – Month8.228.72
    1 – Year8.478.97
    KIBOR rates on October 01, 2021
  • Rupee makes fresh lows against dollar

    Rupee makes fresh lows against dollar

    KARACHI: The Pak Rupee (PKR) fell to a new record low against the dollar at Rs170.80 on Monday. The high demand for import and corporate payments kept the local unit under pressure.

    The rupee fell by 32 paisas to Rs170.80 to the dollar from last Friday’s closing of Rs170.48 in the interbank foreign exchange market.

    Currency experts attributed the fresh low of rupee to the opening of the market after two weekly-holiday. They further said that higher import bill also escalated the demand for the dollar.

    The rupee hit all-time low at Rs170.66 against the dollar on September 30, 2021.

    The State Bank of Pakistan (SBP) last week announced measures to discourage imports and support balance of payment. However, these measures have failed so far to support the local currency.

    Dollar retreats after import restrictions
  • SBP issues customers exchange rates for October 04

    SBP issues customers exchange rates for October 04

    Karachi, October 04, 2021: The State Bank of Pakistan (SBP) has released the official exchange rates for Monday, October 04, 2021.

    (more…)
  • Exchange rates in PKR vs foreign currencies on Oct 4

    Exchange rates in PKR vs foreign currencies on Oct 4

    KARACHI: Following are the exchange rates of foreign currencies in Pak Rupee (PKR) on October 4, 2021 (The rates are updated at 11:35AM):

    CurrencyBuyingSelling
    Australian Dollar123125
     Bahrain Dinar386.60388.36
     Canadian Dollar135.50137.50
     China Yuan23.7023.85
     Danish Krone23.4023.70
     Euro198.50200
     Hong Kong Dollar16.6016.85
     Indian Rupee2.032.10
     Japanese Yen1.411.44
     Kuwaiti Dinar481.50484
     Malaysian Ringgit36.4036.75
     NewZealand $96.2596.95
     Norwegians Krone17.4517.70
     Omani Riyal392.60394.60
     Qatari Riyal39.7540.35
     Saudi Riyal4545.50
     Singapore Dollar122.50124
     Swedish Korona18.2518.50
     Swiss Franc159.70160.60
     Thai Bhat4.804.90
     U.A.E Dirham46.5047
     UK Pound Sterling232234.50
     US Dollar172.30173.30

    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.

    Exchange rates in PKR vs foreign currencies on Oct 3
  • Exchange rates in PKR vs foreign currencies on Oct 3

    Exchange rates in PKR vs foreign currencies on Oct 3

    KARACHI, October 3, 2021 – PKRevenue.com has provided the latest exchange rates of various foreign currencies against the Pakistani Rupee (PKR), offering a snapshot of the foreign exchange market’s dynamics.

    (more…)
  • Exchange rates in PKR vs foreign currencies on Oct 2

    Exchange rates in PKR vs foreign currencies on Oct 2

    KARACHI: Following are the exchange rates of foreign currencies in Pak Rupee (PKR) on October 2, 2021 (The rates are updated at 11:45AM):

    CurrencyBuyingSelling
    Australian Dollar123125
     Bahrain Dinar386.60388.36
     Canadian Dollar135.50137.5
     China Yuan23.7023.85
     Danish Krone23.4023.7
     Euro198.50200
     Hong Kong Dollar16.6016.85
     Indian Rupee2.032.1
     Japanese Yen1.411.44
     Kuwaiti Dinar481.50484
     Malaysian Ringgit36.4036.75
     NewZealand $96.2596.95
     Norwegians Krone17.4517.7
     Omani Riyal392.60394.6
     Qatari Riyal39.7540.35
     Saudi Riyal4545.5
     Singapore Dollar122.50124
     Swedish Korona18.2518.5
     Swiss Franc159.70160.6
     Thai Bhat4.804.9
     U.A.E Dirham46.5047
     UK Pound Sterling232234.5
     US Dollar172.30173.3

    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.