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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Exchange rate: buying, selling of US Dollar in rupee on July 16
KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in open market on July 16, 2021: Buying: Rs 159.90 to the dollar Selling: Rs 160.50 to the dollar Today’s USD to PKR (Dollar Price in Pakistan Rupee 2021) exchange rate has been given here. All rates…
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Housing finance reaches to Rs259 billion; PM praises SBP efforts
KARACHI: Housing and construction finance outstanding increased by Rs111 billion or 75 per cent during fiscal year 2020/2021 over the preceding fiscal year, reaching Rs259 billion by end of June 2021. An increase of this quantum in housing and construction finance in one year is unprecedented in Pakistan’s history. As a result, 97 per cent…
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KIBOR rates on July 15, 2021
KARACHI: State Bank of Pakistan (SBP) on Thursday issued following Karachi Interbank Offered Rates (KIBOR) on July 15, 2021. Tenor BID OFFER 1 – Week 6.93 7.43 2 – Week 6.97 7.47 1 – Month 7.01 7.51 3 – Month 7.15 7.40 6 – Month 7.36 7.61 9 – Month 7.47 7.97 1 – Year…
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Rupee depreciates by 17 paisas against dollar
KARACHI: The Pak Rupee depreciated by 17 paisas against the dollar on Thursday due to increase in demand for import payments. The rupee ended at Rs159.30 to the dollar as compared with the previous day’s closing of Rs159.13 in the interbank foreign exchange market. Currency experts said that foreign currency demand for import payments remained…
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Bank holidays announced for Eid ul Adha
KARACHI: The State Bank of Pakistan (SBP) announced bank holidays for Eid ul Adha. The SBP in a circular said that the banks shall remain closed from July 20 to July 22 for Eid Holidays. The SBP further said that the central bank would remain closed from July 20 to July 22 (Tuesday to Thursday)…
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SBP issues exchange rates for July 15, 2021
KARACHI: The State Bank of Pakistan (SBP) on Thursday issued customers’ exchange rates on the basis of weighted average rates of commercial banks. The SBP said that the data is compiled and disseminated for information only. These Exchange Rates are an estimate of the Exchange Rates quoted by various Commercial Banks to their clients. They…
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Exchange rate: buying, selling of Saudi Riyal in rupee on July 15
KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in open market on July 15, 2021: Buying: Rs 41.50 to the Saudi Riyal Selling: Rs 42.00 to the Saudi Riyal Today’s SAR to PKR (Saudi Riyal Price in Pakistan Rupee 2021) exchange rate has been given…
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Exchange rate: buying, selling of UAE Dirham in rupee on July 15
KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in open market on July 15, 2021: Buying: Rs 42.00 to the UAE Dirham Selling: Rs 42.60 to the UAE DIrham Today’s AED to PKR (UAE Dirham Price in Pakistan Rupee 2021) exchange rate has been given…
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Exchange rate: buying, selling of Euro in rupee on July 15
The open market exchange rates for the Euro (EUR) against the Pakistani Rupee (PKR) on July 15, 2021, are as follows:
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Exchange rate: buying, selling of US Dollar in rupee on July 15
Karachi, July 15, 2021 – The exchange rates of the US Dollar to Pakistani Rupee (USD to PKR) in the open market experienced fluctuations today, with buying and selling rates standing at Rs 158.80 and Rs 159.50, respectively.
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