KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on November 25, 2022.
(more…)Tag: Pak Rupee
Pakistan Revenue is committed to providing accurate exchange rates in Pak Rupee for foreign currencies, helping readers stay informed about the fluctuating value of the Pak Rupee in the market.
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Dogecoin to PKR, USD on November 25, 2022
KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on November 25, 2022.
One Dogecoin to PKR is Rs18.32 on November 25, 2022 at 03:40 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs18.34 at closing on November 24, 2022.
The rate of Dogecoin in US Dollar (USD) is $0.08 on November 25, 2022 at 03:40 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.08 at closing on November 24, 2022.
READ MORE: Dogecoin to PKR, USD on November 24, 2022
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Ripple to PKR, USD on November 25, 2022
KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on November 25, 2022.
One Ripple (XRP) in Pakistani Rupee (PKR) is Rs81.05 on November 25, 2022 at 03:40 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs81.12 at closing on November 24, 2022.
The rate of Ripple in US Dollar (USD) is $0.36 on November 25, 2022 at 03:40 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.36 at closing on November 24, 2022.
READ MORE: Ripple to PKR, USD on November 24, 2022
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Bitcoin to PKR, USD on November 25, 2022
KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on November 25, 2022.
One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs3,684,872.25 on November 25, 2022 at 03:40 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs3,725,536.25 at closing on November 24, 2022.
The rate of Bitcoin in US Dollar (USD) is $16,425.32 on November 25, 2022 at 03:40 PM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $16,592.61 at closing on November 24, 2022.
READ MORE: Bitcoin to PKR, USD on November 24, 2022
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Disclaimer: All data and information are provided for informational purposes only. The data has not been provided for trading purposes or financial, investment, tax, legal, accounting, or other advice. In the case of trading, it is advised to consult your broker or financial representative to verify pricing before executing any trade. The exchange rate does not constitute investment advice. Further, it is not a recommendation to buy, sell or hold any security or financial product.
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Foreign currency rates in PKR – November 25, 2022
KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on November 25, 2022 (The rates are updated at 09:00 AM (Pakistan Standard Time):
CURRENCY NAME BUYING SELLING US DOLLAR $ (USD) 228.75 231.00 SAUDI RIYAL (SAR) 63.30 63.95 UAE DIRHAM (AED) 64.80 65.50 EURO (EUR) 246.00 248.50 UK POUND (GBP) 286.00 288.10 JAPANESE YEN (JPY) 1.70 1.72 SWISS FRANC (CHF) 249.84 250.84 DANISH KRONE (DKK) 32.59 32.69 NORWEGIAN KRONE (NOK) 23.39 23.49 SWEDISH KRONA (SEK) 22.25 22.35 AUSTRALIAN DOLLAR (AUD) 158.50 160.50 CANADIAN DOLLAR (CAD) 176.00 178.00 INDIAN RUPEE (INR) 2.35 2.70 CHINESE YUAN (CNY) 32.00 34.00 AFGHAN AFGHANI (AFN) 2.20 2.80 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.
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PKR to USD on November 25, 2022
KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on November 25, 2022:
Buying: Rs 228.75 to the US Dollar
Selling: Rs 231.00 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 09:00 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.
PKR to USD on November 24, 2022
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PKR to SAR on November 25, 2022
KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on November 25, 2022:
Buying: Rs 63.30 to the Saudi Riyal
Selling: Rs 63.95 to the Saudi Riyal
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 for foreign currency from a customer.
The rate has been updated at 09:00 AM Pakistan Standard Time (PST).
The Saudi Riyal /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
PKR to SAR on November 24, 2022
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PKR to EUR on November 25, 2022
KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on November 25, 2022:
Buying: Rs 246.00 to the Euro
Selling: Rs 248.50 to the Euro
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 for foreign currency from a customer.
The rate has been updated at 09:00 AM Pakistan Standard Time (PST).
The Euro /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
PKR to EUR on November 24, 2022
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PKR to GBP on November 25, 2022
KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on November 25, 2022:
Buying: Rs 286.00 to the UK Pound Sterling
Selling: Rs 288.10 to the UK Pound Sterling
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 09:00 AM Pakistan Standard Time (PST).
The UK Pound Sterling /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
PKR to GBP on November 24, 2022
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PKR to AED on November 25, 2022
KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on November 25, 2022:
Buying: Rs 64.80 to the UAE Dirham
Selling: Rs 65.50 to the UAE Dirham
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 09:00 AM Pakistan Standard Time (PST).
The UAE Dirham /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
PKR to AED on November 24, 2022
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PKR to CAD on November 25, 2022
KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on November 25, 2022:
Buying: Rs 176.00 to the Canadian Dollar
Selling: Rs 178.00 to the Canadian 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 for foreign currency from a customer.
The rate has been updated at 09:00 AM Pakistan Standard Time (PST).
The Canadian Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
PKR to CAD on November 24, 2022
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Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. 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.
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PKR to CAD on November 25, 2022
KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on November 25, 2022:
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PKR to AED on November 25, 2022
KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on November 25, 2022:
Buying: Rs 64.80 to the UAE Dirham
Selling: Rs 65.50 to the UAE Dirham
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 09:00 AM Pakistan Standard Time (PST).
The UAE Dirham /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
PKR to AED on November 24, 2022
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PKR to CAD on November 25, 2022
KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on November 25, 2022:
Buying: Rs 176.00 to the Canadian Dollar
Selling: Rs 178.00 to the Canadian 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 for foreign currency from a customer.
The rate has been updated at 09:00 AM Pakistan Standard Time (PST).
The Canadian Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
PKR to CAD on November 24, 2022
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PKR to USD on November 25, 2022
KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on November 25, 2022:
Buying: Rs 228.75 to the US Dollar
Selling: Rs 231.00 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 09:00 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.
PKR to USD on November 24, 2022
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PKR to SAR on November 25, 2022
KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on November 25, 2022:
Buying: Rs 63.30 to the Saudi Riyal
Selling: Rs 63.95 to the Saudi Riyal
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 for foreign currency from a customer.
The rate has been updated at 09:00 AM Pakistan Standard Time (PST).
The Saudi Riyal /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
PKR to SAR on November 24, 2022
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PKR to EUR on November 25, 2022
KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on November 25, 2022:
Buying: Rs 246.00 to the Euro
Selling: Rs 248.50 to the Euro
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 for foreign currency from a customer.
The rate has been updated at 09:00 AM Pakistan Standard Time (PST).
The Euro /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
PKR to EUR on November 24, 2022
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PKR to GBP on November 25, 2022
KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on November 25, 2022:
Buying: Rs 286.00 to the UK Pound Sterling
Selling: Rs 288.10 to the UK Pound Sterling
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 09:00 AM Pakistan Standard Time (PST).
The UK Pound Sterling /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
PKR to GBP on November 24, 2022
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Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. 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.
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PKR to GBP on November 25, 2022
KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on November 25, 2022:
Buying: Rs 286.00 to the UK Pound Sterling
Selling: Rs 288.10 to the UK Pound Sterling
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 09:00 AM Pakistan Standard Time (PST).
The UK Pound Sterling /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
PKR to GBP on November 24, 2022
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PKR to AED on November 25, 2022
KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on November 25, 2022:
Buying: Rs 64.80 to the UAE Dirham
Selling: Rs 65.50 to the UAE Dirham
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 09:00 AM Pakistan Standard Time (PST).
The UAE Dirham /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
PKR to AED on November 24, 2022
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PKR to CAD on November 25, 2022
KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on November 25, 2022:
Buying: Rs 176.00 to the Canadian Dollar
Selling: Rs 178.00 to the Canadian 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 for foreign currency from a customer.
The rate has been updated at 09:00 AM Pakistan Standard Time (PST).
The Canadian Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
PKR to CAD on November 24, 2022
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PKR to USD on November 25, 2022
KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on November 25, 2022:
Buying: Rs 228.75 to the US Dollar
Selling: Rs 231.00 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 09:00 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.
PKR to USD on November 24, 2022
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PKR to SAR on November 25, 2022
KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on November 25, 2022:
Buying: Rs 63.30 to the Saudi Riyal
Selling: Rs 63.95 to the Saudi Riyal
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 for foreign currency from a customer.
The rate has been updated at 09:00 AM Pakistan Standard Time (PST).
The Saudi Riyal /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
PKR to SAR on November 24, 2022
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PKR to EUR on November 25, 2022
KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on November 25, 2022:
Buying: Rs 246.00 to the Euro
Selling: Rs 248.50 to the Euro
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 for foreign currency from a customer.
The rate has been updated at 09:00 AM Pakistan Standard Time (PST).
The Euro /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
PKR to EUR on November 24, 2022
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Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. 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.
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PKR to EUR on November 25, 2022
KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on November 25, 2022:
Buying: Rs 246.00 to the Euro
Selling: Rs 248.50 to the Euro
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 for foreign currency from a customer.
The rate has been updated at 09:00 AM Pakistan Standard Time (PST).
The Euro /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
PKR to EUR on November 24, 2022
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PKR to GBP on November 25, 2022
KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on November 25, 2022:
Buying: Rs 286.00 to the UK Pound Sterling
Selling: Rs 288.10 to the UK Pound Sterling
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 09:00 AM Pakistan Standard Time (PST).
The UK Pound Sterling /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
PKR to GBP on November 24, 2022
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PKR to AED on November 25, 2022
KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on November 25, 2022:
Buying: Rs 64.80 to the UAE Dirham
Selling: Rs 65.50 to the UAE Dirham
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 09:00 AM Pakistan Standard Time (PST).
The UAE Dirham /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
PKR to AED on November 24, 2022
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PKR to CAD on November 25, 2022
KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on November 25, 2022:
Buying: Rs 176.00 to the Canadian Dollar
Selling: Rs 178.00 to the Canadian 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 for foreign currency from a customer.
The rate has been updated at 09:00 AM Pakistan Standard Time (PST).
The Canadian Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
PKR to CAD on November 24, 2022
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PKR to USD on November 25, 2022
KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on November 25, 2022:
Buying: Rs 228.75 to the US Dollar
Selling: Rs 231.00 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 09:00 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.
PKR to USD on November 24, 2022
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PKR to SAR on November 25, 2022
KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on November 25, 2022:
Buying: Rs 63.30 to the Saudi Riyal
Selling: Rs 63.95 to the Saudi Riyal
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 for foreign currency from a customer.
The rate has been updated at 09:00 AM Pakistan Standard Time (PST).
The Saudi Riyal /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
PKR to SAR on November 24, 2022
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Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. 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.
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PKR to SAR on November 25, 2022
KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on November 25, 2022:
Buying: Rs 63.30 to the Saudi Riyal
Selling: Rs 63.95 to the Saudi Riyal
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 for foreign currency from a customer.
The rate has been updated at 09:00 AM Pakistan Standard Time (PST).
The Saudi Riyal /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
PKR to SAR on November 24, 2022
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PKR to EUR on November 25, 2022
KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on November 25, 2022:
Buying: Rs 246.00 to the Euro
Selling: Rs 248.50 to the Euro
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 for foreign currency from a customer.
The rate has been updated at 09:00 AM Pakistan Standard Time (PST).
The Euro /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
PKR to EUR on November 24, 2022
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PKR to GBP on November 25, 2022
KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on November 25, 2022:
Buying: Rs 286.00 to the UK Pound Sterling
Selling: Rs 288.10 to the UK Pound Sterling
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 09:00 AM Pakistan Standard Time (PST).
The UK Pound Sterling /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
PKR to GBP on November 24, 2022
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PKR to AED on November 25, 2022
KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on November 25, 2022:
Buying: Rs 64.80 to the UAE Dirham
Selling: Rs 65.50 to the UAE Dirham
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 09:00 AM Pakistan Standard Time (PST).
The UAE Dirham /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
PKR to AED on November 24, 2022
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PKR to CAD on November 25, 2022
KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on November 25, 2022:
Buying: Rs 176.00 to the Canadian Dollar
Selling: Rs 178.00 to the Canadian 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 for foreign currency from a customer.
The rate has been updated at 09:00 AM Pakistan Standard Time (PST).
The Canadian Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
PKR to CAD on November 24, 2022
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PKR to USD on November 25, 2022
KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on November 25, 2022:
Buying: Rs 228.75 to the US Dollar
Selling: Rs 231.00 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 09:00 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.
PKR to USD on November 24, 2022
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Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. 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.
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PKR slumps to dollar amid SBP tight monitoring
KARACHI: Pakistani Rupee (PKR) slumped against the US dollar on Thursday amid tight monitoring of the State Bank of Pakistan (SBP) related to currency transactions.
The exchange rate recorded a decline of 11 paisas in rupee value to end at PKR 223.92 against the dollar from previous day’s closing of PKR 223.81 in the interbank foreign exchange market.
READ MORE: Rupee fails to maintain recovery; dollar gains to PKR 223.81
Currency experts said that political uncertainty and weak economic indicators had pressured the exchange rate. They said that a day earlier an international report pointed out that Pakistani rupee was on the risk.
It is important to note that the SBP took various measures to prevent unnecessary outflow of the greenback for giving support the local unit.
These measures included tight monitoring on the exchange companies by checking day to day affairs related to transactions.
READ MORE: Rupee beats dollar after seven sessions to end at PKR 223.42
Besides, the SBP also imposed restrictions to limit the cash foreign currency up to $5,000 for taking out Pakistan per person per visit.
The currency experts said that the measures taken by the SBP were not enough as Pakistan’s external sector was facing huge challenges.
Latest investment data released by the State Bank of Pakistan (SBP) revealed the foreign direct investment plunged by 52 per cent in first four months of the current fiscal year.
The current account deficit recorded contraction in the first four months of the current fiscal year it swelled when compared with the previous month.
Pakistan needs foreign inflows on urgent basis to avoid balance of payment crisis. The foreign exchange reserves of Pakistan fell sharply during past few months making it difficult for the government to fulfill its foreign repayment commitments.
READ MORE: Dollar rises for 7th straight session, reaches to PKR 223.66
Foreign exchange (forex) reserves of Pakistan were at $13.796 billion by week ended November 11, 2022 as compared with $13.721 billion a week ago i.e. November 04, 2022.
The country’s foreign exchange reserves hit all-time high of $27.228 billion on August 27, 2021. Since then the foreign exchange reserves have declined by $13.432 billion.
READ MORE: Rupee plummets on mounting default risk; dollar advances to PKR 223.17
The official foreign exchange reserves of the State Bank nominally increased by $3 million to 7.96 billion by week ended November 11, 2022 as compared with $7.957 billion a week ago.
The foreign exchange reserves held by the central bank witnessed a record high at $20.146 billion by week ended August 27, 2021. Since then the official reserves of the SBP dropped by $12.185 billion.