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.

Pakistani Rupee to Saudi Riyal on May 17, 2022

KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on May 17, 2022:

Buying: Rs 50.25 to the Saudi Riyal

Selling: Rs 50.60 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 10:22 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.

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.

Pakistani Rupee to Saudi Riyal on May 16, 2022

May 17, 2022
Banks increasing dollar rates; FAP tells Prime Minister

KARACHI: Malik Mohammad Bostan, President, Forex Association of Pakistan (FAP) on Monday informed Prime Minister Shehbaz Sharif that banks are increasing dollars rate.

Prime Minister Shehbaz Shari, in a Zoom meeting with FAP President, expressed concerns of significant devaluation of Pakistan Rupee (PKR) and asked reasons behind the recent fall of rupee against the dollar.

READ MORE: FAP demands dollar exchange without CNIC condition

Bostan explained the reasons for dollar appreciation including high trade deficit, delay of $1 billion IMF loan tranche and huge external debt which are scheduled to pay this year.

FAP President said that until the rate of dollar is not reduced in the interbank the free market may not bring down the exchange rate. He said the exchange companies can control the free market. “If banks bring down dollar rate by Re1 we will appreciate the local currency by Rs2,” he added.

READ MORE: FAP suggests incentive to undeclared $3 billion

Bostan informed the prime minister that after his oath taking the rupee appreciated to Rs181 to dollar from Rs189. “However, after political uncertainty and announcement of sit-in in Islamabad put pressure on the exchange rate,” he added.

READ MORE: Dollar makes fresh high at Rs194.18 at interbank closing

Due to uncertainty, importers are opening more Letter of Credit (LCs) and exporters were surrendering less dollars, which have reduced the supply of dollars in the local market, he added.

FAP President suggested that the government should ban import of luxury items, which help in saving around $12 billion annually. “This will help the country to repay external debt without taking more loans,” he added.

READ MORE: Pakistan’s forex reserves fall to $16.37 billion

May 17, 2022
Dollar makes fresh high at Rs194.18 at interbank closing

KARACHI: The US dollar made a new fresh record high of Rs194.18 against the Pakistan Rupee (PKR) on Monday due to massive decline in foreign exchange reserves.

The exchange rate witnessed a decline of Rs1.65 in rupee value to end at Rs194.18 to the dollar as compared with last Friday’s closing of Rs192.53 in the interbank foreign exchange market.

READ MORE: Rupee falls for 8th straight day; dollar hits Rs192.53

Currency experts said that massive fall in foreign exchange reserves and high import payments were the major reasons behind rupee fall.

Pakistan’s foreign exchange reserves fell by $177 million to $16.376 billion by the week ended May 6, 2022. The foreign exchange reserves of the country were $16.553 billion by week ended April 30, 2022.

READ MORE: Rupee fall continues; dollar hits new high at Rs191.77

The country’s foreign exchange reserves hit record high at $27.228 billion by the week ended August 27, 2021. Since then the foreign exchange reserves have depleted by $10.852 billion.

The official reserves of the State Bank witnessed a decline of $190 million to $10.309 billion by the week ended May 6, 2022 as compared with $10.499 billion a week ago.

READ MORE: Rupee crashes to record low at Rs190.02 against dollar

The SBP reserves reached a record high at $20.145 billion by August 27, 2021. The official reserves also fell by $9.836 billion after reaching record high. The official reserves of the SBP have been reduced to provide import payment cover for only 1.56 months.

The import bill of the country surged by 46.41 per cent to $65.49 billion during the first 10 months of the current fiscal year as compared with $44.73 billion in the corresponding months of the last fiscal year.

READ MORE: Rupee hits all-time low at Rs188.66 to dollar

Pakistan is a net importer of petroleum products to meet its domestic demand. The country’s oil bill was $14.81 billion during the first nine months (July – March) 2021/2022 as compared with $7.55 billion in the corresponding period of the last fiscal year, showing a massive growth of 96 per cent. The oil bill is around 25 per cent of the total import bill of the country.

May 16, 2022
Dollar hits record high Rs194 in midday trading

KARACHI: The US dollar hit a record high of 194 against the Pakistan Rupee (PKR) during midday trading at interbank foreign exchange market on Monday.

The exchange rate witnessed a loss of Rs1.47 in the local currency value against the greenback. The dollar is being traded at Rs194.

READ MORE: Rupee falls for 8th straight day; dollar hits Rs192.53

Currency experts said that massive fall in foreign exchange reserves and high import payments were the major reasons behind rupee fall.

Pakistan’s foreign exchange reserves fell by $177 million to $16.376 billion by week ended May 6, 2022. The foreign exchange reserves of the country were $16.553 billion by week ended April 30, 2022.

READ MORE: Rupee fall continues; dollar hits new high at Rs191.77

The country’s foreign exchange reserves hit record high at $27.228 billion by week ended August 27, 2021. Since then the foreign exchange reserves have depleted by $10.852 billion.

The official reserves of the State Bank witnessed a decline of $190 million to $10.309 billion by week ended May 6, 2022 as compared with $10.499 billion a week ago.

READ MORE: Rupee crashes to record low at Rs190.02 against dollar

The SBP reserves reached to record high at $20.145 billion by August 27, 2021. The official reserves also fell by $9.836 billion after reaching record high. The official reserves of the SBP have been reduced to provide import payment cover for only 1.56 months.

The import bill of the country surged by 46.41 per cent to $65.49 billion during the first 10 months of the current fiscal year as compared with $44.73 billion in the corresponding months of the last fiscal year.

READ MORE: Rupee hits all-time low at Rs188.66 to dollar

Pakistan is net importer of petroleum products to meet its domestic demand. The country’s oil bill was $14.81 billion during the first nine months (July – March) 2021/2022 as compared with $7.55 billion in the corresponding period of the last fiscal year, showing a massive growth of 96 per cent. The oil bill is around 25 per cent of the total import bill of country.

May 16, 2022
Bitcoin to Pak Rupee on May 16, 2022

KARACHI: The exchange rate of Bitcoin (BTC) in Pak Rupee (PKR) is Rs5,877,725.60 on May 16, 2022 at 9:06 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs5,719,374.58 at closing on May 15, 2022.

The rate of Bitcoin in US Dollar (USD) is $30,440.48 on May 16, 2022 at 9:06 AM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $29,827.25 at closing on May 15, 2022.

Disclaimer: All data and information is 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.

Bitcoin to Pak Rupee on May 15, 2022

May 16, 2022
Ripple to Pak Rupee on May 16, 2022

KARACHI: The exchange rate of Ripple (XRP) in Pak Rupee (PKR) is Rs84.39 on May 16, 2022 at 9:05 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs80.66 at closing on May 15, 2022.

The rate of Ripple in US Dollar (USD) is $0.44 on May 16, 2022 at 9:05 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.42 at closing on May 15, 2022.

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.

Ripple to Pak Rupee on May 15, 2022

May 16, 2022
Dogecoin to Pak Rupee on May 16, 2022

KARACHI: The exchange rate of Dogecoin (DOGE) in Pak Rupee (PKR) is Rs17.32 on May 16, 2022 at 9:04 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs16.80 at closing on May 15, 2022.

The rate of Dogecoin in US Dollar (USD) is $0.09 on May 16, 2022 at 9:04 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.09 at closing on May 15, 2022.

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.

Dogecoin to Pak Rupee on May 15, 2022

May 16, 2022

Foreign currency rates in Pak Rupee – May 16, 2022

KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on May 16, 2022 (The rates are updated at 09:02 AM (Pakistan Standard Time):

Currency	Buying	Selling
Australian Dollar (AUD)	130.00	132.50
Bahrain Dinar (BHD)	386.50	388.50
Canadian Dollar (CAD)	143.60	145.10
China Yuan (CNY)	23.55	23.95
Danish Krone (DNK)	23.65	23.95
Euro (EUR)	198.10	200.10
Hong Kong Dollar (HKD)	16.60	16.85
Indian Rupee (INR)	2.03	2.10
Japanese Yen (JPY)	1.41	1.44
Kuwaiti Dinar (KWD)	481.85	484.35
Malaysian Ringgit (MYR)	36.75	37.10
NewZealand $ (NZD)	96.85	97.55
Norwegians Krone (NOK)	17.50	17.75
Omani Riyal (OMR)	392.95	394.98
Qatari Riyal (QAR)	39.90	40.50
Saudi Riyal (SAR)	49.55	50.15
Singapore Dollar (SGD)	133.55	135.55
Swedish Korona (SEK)	18.80	19.05
Swiss Franc (CHF)	160.35	161.25
Thai Bhat (THB)	4.80	4.90
U.A.E Dirham (AED)	50.50	51.00
UK Pound Sterling (GBP)	232.10	235.10
US Dollar (USD)	191.00	193.00

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.

Foreign currency rates in Pak Rupee – May 15, 2022

May 16, 2022

Pakistani Rupee to US Dollar on May 16, 2022

KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on May 16, 2022:

Buying: Rs 191.10 to the US Dollar

Selling: Rs 193.10 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.

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.

Pakistani Rupee to US Dollar on May 15, 2022

May 16, 2022
Pakistani Rupee to UAE Dirham on May 16, 2022

KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on May 16, 2022:

Buying: Rs 50.50 to the UAE Dirham

Selling: Rs 51.00 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 08:55 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.

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.

Pakistani Rupee to UAE Dirham on May 15, 2022

May 16, 2022