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 16, 2021.
| Tenor | BID | OFFER |
| 1 – Week | 6.91 | 7.41 |
| 2 – Week | 6.97 | 7.47 |
| 1 – Month | 7.06 | 7.56 |
| 3 – Month | 7.28 | 7.53 |
| 6 – Month | 7.51 | 7.76 |
| 9 – Month | 7.63 | 8.13 |
| 1 – Year | 7.74 | 8.24 |
KARACHI: The dollar retreated by 94 paisas against the dollar on Thursday after making record high a day earlier.
The dollar recorded the-time-high of Rs169.12 in the interbank foreign exchange market.
The Pak Rupee (PKR) ended at Rs168.18 to the dollar from previous day’s closing of Rs169.12 in the interbank foreign exchange market.
Market sources said that dollar inflows were seen during the day. They believed that the State Bank of Pakistan (SBP) had intervened to support the local currency.
The demand of the greenback remained high during the day for import payments.
Karachi, September 16, 2021 – The State Bank of Pakistan (SBP) has released the exchange rates for customers on Thursday, September 16, 2021.
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KARACHI: Following are the exchange rates of foreign currencies in Pak Rupee (PKR) on September 16, 2021: The rates are updated at 11.06 AM.
| Currency | Buying | Selling |
| Australian Dollar | 122.50 | 124.50 |
| Bahrain Dinar | 386.50 | 388.50 |
| Canadian Dollar | 134.50 | 136.50 |
| China Yuan | 23.65 | 23.80 |
| Danish Krone | 23.35 | 23.65 |
| Euro | 199 | 201 |
| Hong Kong Dollar | 16.55 | 16.8 |
| Indian Rupee | 2.03 | 2.10 |
| Japanese Yen | 1.41 | 1.44 |
| Kuwaiti Dinar | 481.85 | 484.4 |
| Malaysian Ringgit | 36.65 | 37 |
| NewZealand $ | 96.35 | 97.05 |
| Norwegians Krone | 17.5 | 17.75 |
| Omani Riyal | 392.70 | 394.70 |
| Qatari Riyal | 39.60 | 40.20 |
| Saudi Riyal | 45.10 | 45.60 |
| Singapore Dollar | 124 | 125.50 |
| Swedish Korona | 18 | 18.25 |
| Swiss Franc | 159.50 | 160.40 |
| Thai Bhat | 4.80 | 4.90 |
| U.A.E Dirham | 46.20 | 46.70 |
| UK Pound Sterling | 233.50 | 236 |
| US Dollar | 169.60 | 170.60 |
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: The Pak Rupee (PKR) has made a sharp recovery of Rs1.07 against the dollar in early trade on Thursday.
The dollar is being traded at Rs168.05 to the dollar from last day’s historic close of Rs169.12 in the interbank foreign exchange market.
Market sources said that the central bank had intervened earlier in the day to support the rupee.
They said that the demand for dollar remained high for import and corporate payments. The import payments have increased due to higher prices of commodities in the international market.
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the following Karachi Interbank Offered Rates (KIBOR) on September 15, 2021.
| Tenor | BID | OFFER |
| 1 – Week | 6.89 | 7.39 |
| 2 – Week | 6.95 | 7.45 |
| 1 – Month | 7.04 | 7.54 |
| 3 – Month | 7.23 | 7.48 |
| 6 – Month | 7.49 | 7.74 |
| 9 – Month | 7.57 | 8.07 |
| 1 – Year | 7.66 | 8.16 |
KARACHI: The State Bank of Pakistan (SBP) on Wednesday said with the rapid growth in adoption of electronic banking channels, especially amidst the COVID-19 pandemic, the demand from bank and customers for digital financial transactions have increased manifold.
(more…)KARACHI: The Pak Rupee (PKR) fell to make another historic low against the dollar in interbank foreign exchange market on Wednesday.
The rupee ended Rs169.12 to the dollar from the previous day’s closing of Rs168.94 in the interbank foreign exchange market.
The rupee made a historic low a day earlier at Rs168.94 to the dollar. But the local unit failed to stop depreciation in its value and fell to make a new low against the dollar at Rs169.12 on September 15, 2021.
Currency experts said that the market had witnessed higher dollar demand for import and corporate payments.
Karachi, September 15, 2021 – The State Bank of Pakistan (SBP) has announced the exchange rates for customers on Wednesday, September 15, 2021.
(more…)KARACHI: The US dollar has continued its upward trajectory against the Pak Rupee (PKR) in early trade on Wednesday.
The dollar/rupee parity was at Rs169.25 during early day trading in the interbank foreign exchange market.
A day earlier i.e. September 14, 2021, the rupee ended at Rs168.94 to the dollar, recording the all-time low against the foreign currency. The previous low was Rs168.44 to the dollar was recorded on August 26, 2020.
So far in the early trade, the rupee lost 31 paisas against the greenback. Currency experts said that immediate support is required to stabilize the local currency.