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, September 16, 2024 – Pakistani rupee on Monday gained 16 paisas against the US dollar in early trade at interbank foreign exchange market.
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On September 16, 2024, the buying rate of one US Dollar (USD) in Pakistani Rupees (PKR) in the open market was Rs 279.61, while the selling rate was Rs 280.75.
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On September 16, 2024, the buying rate of one Canadian Dollar (CAD) in Pakistani Rupees (PKR) in the open market was Rs 205.60, while the selling rate was Rs 208.00.
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On September 16, 2024, the buying rate of one UAE Dirham (AED) in Pakistani Rupees (PKR) in the open market was Rs 75.63, while the selling rate was Rs 76.35.
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On September 16, 2024, the buying rate of one UK Pound Sterling (GBP) in Pakistani Rupees (PKR) in the open market was Rs 364.67, while the selling rate was Rs 368.08.
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On September 16, 2024, the buying rate of one Euro (EUR) in Pakistani Rupees (PKR) in the open market was Rs 307.70, while the selling rate was Rs 310.62.
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On September 16, 2024, the buying rate of one Saudi Riyal (SAR) in Pakistani Rupees (PKR) in the open market was Rs 73.91, while the selling rate was Rs 74.62.
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Karachi, September 15, 2024 – The State Bank of Pakistan (SBP) has officially announced a bank holiday on Tuesday, September 17, 2024, in observance of Eid Milad-un-Nabi (Sallallahu Alayhi Wa-Sallam).
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Bitcoin (BTC), the world’s leading cryptocurrency, posted a strong performance this week, gaining 5% in value against the US dollar from September 9 to September 15, 2024. The digital currency started the week trading at $57,227 and reached $60,016 by Sunday evening at 6:20 PM Pakistan Standard Time.
(more…)KARACHI: The Pakistani rupee is expected to maintain stability against the US dollar in the coming week, supported by ample dollar liquidity, healthy remittances, and reduced imports driven by declining global oil prices.
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