KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on April 12, 2022:
Buying: Rs 185.00 to the US Dollar
Selling: Rs 186.60 to the US Dollar
The buying rate means an exchange company or a bank buys foreign currency from a customer.
The selling rate means an exchange company or a bank sells the foreign currency from a customer.
The rate has been updated at 05:43 AM Pakistan Standard Time (PST).
The US Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
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.
Currency experts said the rupee remained under pressure due to rising import payments and uncertainty in global financial markets. They noted that demand for the US dollar was mainly driven by higher oil prices and external debt obligations. Market participants are closely monitoring foreign exchange reserves and policy measures aimed at stabilizing the local currency in coming weeks.
