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: State Bank of Pakistan (SBP) on Thursday issued the following Karachi Interbank Offered Rates (KIBOR) on September 23, 2021.
| Tenor | BID | OFFER |
| 1 – Week | 7.20 | 7.70 |
| 2 – Week | 7.24 | 7.74 |
| 1 – Month | 7.29 | 7.79 |
| 3 – Month | 7.49 | 7.74 |
| 6 – Month | 7.86 | 8.11 |
| 9 – Month | 8.06 | 8.56 |
| 1 – Year | 8.25 | 8.75 |
KARACHI: The US dollar made a gain of 35 paisas against the Pak Rupee (PKR) on Thursday. The higher demand for external payments resulted in dollar appreciation.
The rupee closed at Rs169.03 to the dollar from the previous day’s closing of Rs168.68 in the interbank foreign exchange market.
Currency experts said that external payment demand including import and corporate payments caused depreciation in rupee value.
They further said that lower inflows and higher payments resulted in widening of trade deficit as well as current account deficit.
KARACHI: The State Bank of Pakistan (SBP) on Thursday released the customers’ exchange rates for September 23, 2021, providing a snapshot of the currency market based on data collected from commercial banks across the country.
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KARACHI: Following are the exchange rates of foreign currencies in Pak Rupee (PKR) on September 23, 2021 (The rates are updated at 11:14AM):
| Currency | Buying | Selling |
| Australian Dollar | 121.50 | 123.50 |
| Bahrain Dinar | 386.60 | 388.36 |
| Canadian Dollar | 134.00 | 136.00 |
| China Yuan | 23.70 | 23.85 |
| Danish Krone | 23.40 | 23.70 |
| Euro | 197.50 | 199.50 |
| Hong Kong Dollar | 16.60 | 16.85 |
| Indian Rupee | 2.03 | 2.10 |
| Japanese Yen | 1.41 | 1.44 |
| Kuwaiti Dinar | 481.50 | 484.00 |
| Malaysian Ringgit | 36.40 | 36.75 |
| NewZealand $ | 96.25 | 96.95 |
| Norwegians Krone | 17.45 | 17.70 |
| Omani Riyal | 392.50 | 394.50 |
| Qatari Riyal | 39.70 | 40.30 |
| Saudi Riyal | 44.50 | 45.00 |
| Singapore Dollar | 123.00 | 124.50 |
| Swedish Korona | 18.10 | 18.35 |
| Swiss Franc | 159.60 | 160.50 |
| Thai Bhat | 4.80 | 4.90 |
| U.A.E Dirham | 46.40 | 46.90 |
| UK Pound Sterling | 231.50 | 234.00 |
| US Dollar | 169.40 | 170.30 |
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 Wednesday issued the following Karachi Interbank Offered Rates (KIBOR) on September 22, 2021.
| Tenor | BID | OFFER |
| 1 – Week | 7.20 | 7.70 |
| 2 – Week | 7.24 | 7.74 |
| 1 – Month | 7.30 | 7.80 |
| 3 – Month | 7.44 | 7.69 |
| 6 – Month | 7.72 | 7.97 |
| 9 – Month | 7.87 | 8.37 |
| 1 – Year | 8.09 | 8.59 |
Karachi, September 22, 2021 – The State Bank of Pakistan (SBP) has issued the exchange rates for customers on Wednesday, September 22, 2021.
(more…)KARACHI: The dollar appreciated by 16 paisas against the Pakistani Rupee (PKR) on Wednesday, closing at Rs168.68 in the interbank foreign exchange market, up from the previous day’s rate of Rs168.52. The rise was attributed to increased demand for the dollar, driven primarily by import and corporate payment requirements.
(more…)KARACHI: Following are the exchange rates of foreign currencies in Pak Rupee (PKR) on September 22, 2021 (The rates are updated at 09:14AM):
| Currency | Buying | Selling |
| Australian Dollar | 121 | 123 |
| Bahrain Dinar | 386.6 | 388.36 |
| Canadian Dollar | 133.5 | 135.5 |
| China Yuan | 23.7 | 23.85 |
| Danish Krone | 23.4 | 23.7 |
| Euro | 198 | 200 |
| Hong Kong Dollar | 16.6 | 16.85 |
| Indian Rupee | 2.03 | 2.1 |
| Japanese Yen | 1.41 | 1.44 |
| Kuwaiti Dinar | 481.5 | 484 |
| Malaysian Ringgit | 36.4 | 36.75 |
| NewZealand $ | 96.25 | 96.95 |
| Norwegians Krone | 17.45 | 17.7 |
| Omani Riyal | 392.5 | 394.5 |
| Qatari Riyal | 39.7 | 40.3 |
| Saudi Riyal | 45 | 45.5 |
| Singapore Dollar | 121 | 123 |
| Swedish Korona | 18.1 | 18.35 |
| Swiss Franc | 159.6 | 160.5 |
| Thai Bhat | 4.8 | 4.9 |
| U.A.E Dirham | 46.5 | 47 |
| UK Pound Sterling | 232 | 235 |
| US Dollar | 169.5 | 170.4 |
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.
ISLAMABAD: Finance Minister Shaukat Tarin on Tuesday presided over a meeting on the establishment of Pakistan International e-payment gateway (IPG).
The IPG will pave the way for financial inclusion and payment digitization which is a sub-component of the 09-pillars of the E-Commerce policy.
Federal Minister for IT & Telecommunication Syed Amin-ul-Haque, Adviser on Commerce Abdul Razak Dawood, CEO NITB Syed Hussain Abbas Kazmi, Secretary Commerce, senior policy analyst and other senior officers participated in the meeting.
Dr. Reza Baqir, Governor State Bank of Pakistan (SBP) joined the meeting through a video link.
A consultative session was held with all relevant stakeholders to identify gaps between payment solutions available domestically and its integration with international payment gateway solution providers to promote e-commerce.
The Adviser on Commerce briefed the participants about the current digital financial landscape in the country.
SBP governor outlined steps being taken for the financial inclusion of domestic banks.
Federal Minister for IT and Telecom assured full facilitation in the provision of enabling environment to the service providers as needed under IPG.
In his remarks, the Finance Minister directed the authorities to follow best international practices and devise a way forward for implementing an international payment gateway ensuring transparency and due consultation with key stakeholders both in public and private sectors.
The Finance Minister constituted a 04-member Committee headed by the Secretary of Commerce and comprising representatives of the Ministry of Commerce, Finance Division and Federal Board of Revenue (FBR).
The Finance Minister further directed to seek input from the President, Pakistan Banking Association (PBA) and leading market players from the private sector to understand their requirements and present a framework for further deliberation after 04 weeks.
In his concluding remarks, the Finance Minister stated that Government will be the facilitator and regulator in a journey towards implementing IPG. The establishment of an international e-payment gateway will improve consumer confidence in E-Commerce through global connectivity
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the following Karachi Interbank Offered Rates (KIBOR) on September 21, 2021.
| Tenor | BID | OFFER |
| 1 – Week | 7.20 | 7.70 |
| 2 – Week | 7.24 | 7.74 |
| 1 – Month | 7.28 | 7.78 |
| 3 – Month | 7.44 | 7.69 |
| 6 – Month | 7.66 | 7.91 |
| 9 – Month | 7.81 | 8.31 |
| 1 – Year | 8.00 | 8.50 |