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 11, 2024 – The Pakistani Rupee (PKR) strengthened by 8 paisas against the US dollar on Wednesday, closing at PKR 278.54 in the interbank market, a slight improvement from the previous day’s closing rate of PKR 278.62.
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On September 11, 2024, the buying rate of one US Dollar (USD) in Pakistani Rupees (PKR) in the open market was Rs 279.47, while the selling rate was Rs 280.95.
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On September 11, 2024, the buying rate of one Canadian Dollar (CAD) in Pakistani Rupees (PKR) in the open market was Rs 207.45, while the selling rate was Rs 209.85.
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On September 11, 2024, the buying rate of one UAE Dirham (AED) in Pakistani Rupees (PKR) in the open market was Rs 75.75, while the selling rate was Rs 76.50.
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On September 11, 2024, the buying rate of one UK Pound Sterling (GBP) in Pakistani Rupees (PKR) in the open market was Rs 363.53, while the selling rate was Rs 367.07.
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On September 11, 2024, the buying rate of one Euro (EUR) in Pakistani Rupees (PKR) in the open market was Rs 306.35, while the selling rate was Rs 309.34.
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On September 11, 2024, the buying rate of one Saudi Riyal (SAR) in Pakistani Rupees (PKR) in the open market was Rs 74.00, while the selling rate was Rs 74.72.
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Pakistan has seen a substantial surge in workers’ remittances from the United Arab Emirates (UAE) in the first two months of the 2024-25 fiscal year, according to recent data released by the State Bank of Pakistan (SBP).
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KARACHI: Pakistan has witnessed a significant 44% increase in workers’ remittances during the first two months of the fiscal year 2025 (2MFY25), providing much-needed relief as the country grapples with external economic pressures.
(more…)On September 10, 2024, the buying rate of one US Dollar (USD) in Pakistani Rupees (PKR) in the open market was Rs 279.46, while the selling rate was Rs 281.03.
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