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.
Category: Money & Banking
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Rupee weakens by 22 paisas in interbank
KARACHI: The Pak Rupee (PKR) ended down by 22 paisas against the dollar on Tuesday as demand for external payment remained high. The rupee ended at Rs163.89 to the dollar from previous day’s closing of Rs163.67 in the interbank foreign exchange market. Currency experts said that the external payment had put pressure on the local…
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SBP issues customers exchange rates for August 03
KARACHI: The State Bank of Pakistan (SBP) on Tuesday issued customers’ exchange rates. The exchange rate is on the basis of weighted average rates of commercial banks. The SBP said the data compiled and disseminated for information only. These exchange rates are estimates that quoted by various commercial banks to their clients. The banks provide…
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Pak Rupee to Saudi Riyal on August 3, 2021
KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on August 3, 2021: Buying: Rs 43.50 to the Saudi Riyal Selling: Rs 44.00 to the Saudi Riyal We update rates hourly so we can offer you the best SAR to PKR. The…
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Pak Rupee to UAE Dirham on August 3, 2021
KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on August 3, 2021: Buying: Rs 43.50 to the UAE Dirham Selling: Rs 44.00 to the UAE Dirham We update rates hourly so we can offer you the best AED to PKR. The…
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Pak Rupee to Euro on August 3, 2021
KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on August 3, 2021: Buying: Rs 189 to the Euro Selling: Rs 191 to the Euro We update rates hourly so we can offer you the best EUR to PKR. The Euro /PKR parity…
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Pak Rupee to UK Pound on August 3, 2021
KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on August 3, 2021: Buying: Rs 224 to the UK Pound Sterling Selling: Rs 227 to the UK Pound Sterling We update rates hourly so we can offer you the best GBP…
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Pak Rupee to US Dollar on August 3, 2021
KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on August 3, 2021: Buying: Rs 162.90 to the Dollar Selling: Rs 163.90 to the Dollar We update rates hourly so we can offer you the best USD to PKR. The US Dollar…
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PKR slips to Rs164 against dollar in midday trading
KARACHI: The Pak Rupee (PKR) slipped to Rs164 against the dollar in midday trading o Tuesday. The rupee shed 33 paisas against the dollar from previous day’s closing during intraday trading in interbank foreign exchange market. The local currency hits the lowest against the dollar since October 2020. Currency dealers said that pressure of external…
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PKR falls by Rs1.24 against dollar in interbank
KARACHI: The Pak Rupee (PKR) fell by Rs1.24 against the dollar on Monday due to higher import and other external payments. The rupee ended Rs163.67 to the dollar from previous closing on July 30, 2021 at Rs162.43 in the interbank foreign exchange market. The rupee was remained under pressure during the day due to dollar…
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KIBOR rates for August 02, 2021
The State Bank of Pakistan (SBP) released the Karachi Interbank Offered Rates (KIBOR) for various tenors on Monday, August 2, 2021, providing updated benchmarks for interbank lending and borrowing activities in the financial sector.
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