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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 UAE Dirham on April 07, 2022

    Pakistani Rupee to UAE Dirham on April 07, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on April 07, 2022:

    Buying: Rs 49.00 to the UAE Dirham

    Selling: Rs 49.60 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 06:05 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 April 06, 2022
  • Pakistani Rupee to UK Pound Sterling on April 07, 2022

    Pakistani Rupee to UK Pound Sterling on April 07, 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 April 07, 2022:

    Buying: Rs 239.00 to the UK Pound Sterling

    Selling: Rs 241.50 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 05:57 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.

    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 UK Pound Sterling on April 06, 2022
  • Pakistani Rupee to Euro on April 07, 2022

    Pakistani Rupee to Euro on April 07, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on April 07, 2022:

    Buying: Rs 199.50 to the Euro

    Selling: Rs 201.00 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 05:54 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.

    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 Euro on April 06, 2022
  • Pakistani Rupee to Saudi Riyal on April 07, 2022

    Pakistani Rupee to Saudi Riyal on April 07, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on April 07, 2022:

    Buying: Rs 49.00 to the Saudi Riyal

    Selling: Rs 49.60 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 05:48 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 April 06, 2022
  • Bitcoin to Pak Rupee on April 07, 2022

    Bitcoin to Pak Rupee on April 07, 2022

    As of April 07, 2022, at 5:41 AM Pakistan Standard Time (PST), the exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) stood at Rs8,034,761.30 in the open exchange market.

    This figure reflects a comparison with the previous day’s closing rate of Rs8,459,985.89, indicating a fluctuation in the value of the cryptocurrency against the PKR.

    Similarly, the exchange rate of Bitcoin in US Dollar (USD) at the same time was $43,186.03 on April 07, 2022. Contrasted with the closing rate of $45,857.35 on April 6, 2022, this illustrates a shift in the value of Bitcoin against the USD.

    It’s essential to note that all data and information provided are for informational purposes only. They are not intended for trading purposes or to provide financial, investment, tax, legal, accounting, or any other form of advice. Individuals engaged in trading activities are strongly advised to consult their brokers or financial representatives to verify pricing before executing any trades.

    Furthermore, the exchange rate fluctuations observed in Bitcoin do not constitute investment advice. The data presented here should not be construed as a recommendation to buy, sell, or hold any security or financial product.

    Cryptocurrencies, including Bitcoin, are known for their volatile nature, with their values subject to rapid changes based on various factors such as market demand, investor sentiment, regulatory developments, and technological advancements. As such, individuals involved in cryptocurrency trading should exercise caution and conduct thorough research before making any investment decisions.

    The fluctuating exchange rates of Bitcoin against both the Pakistani Rupee and the US Dollar highlight the dynamic nature of the cryptocurrency market. While these fluctuations may present opportunities for some investors, they also entail risks that individuals should carefully consider and manage according to their risk tolerance and investment objectives.

    In conclusion, the exchange rate of Bitcoin against the Pakistani Rupee and the US Dollar continues to experience fluctuations, underscoring the need for vigilance and informed decision-making among cryptocurrency traders and investors.

  • Ripple to Pak Rupee on April 07, 2022

    Ripple to Pak Rupee on April 07, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pak Rupee (PKR) is Rs186.05 on April 07, 2022 at 5:34 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs151.90 at closing on April 06, 2022.

    The rate of Ripple in US Dollar (USD) is $0.76 on April 07, 2022 at 5:34 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.82 at closing on April 06, 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 April 06, 2022
  • Dogecoin to Pak Rupee on April 07, 2022

    Dogecoin to Pak Rupee on April 07, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pak Rupee (PKR) is Rs26.53 on April 07, 2022 at 5:27 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs31.41 at closing on April 06, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.14 on April 07, 2022 at 5:27 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.17 at closing on April 06, 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 April 06, 2022
  • PKR becomes worst currency in region: KATI

    PKR becomes worst currency in region: KATI

    KARACHI: Korangi Association of Trade and Industry (KATI) has said that the continuous depreciation in Pakistan Rupee (PKR) against the dollar made it the worst currency in the region.

    In a statement issued on Wednesday, Salman Aslam KATI President said that the value of the dollar was continuously rising which has made the Pakistani rupee one of the worst currencies in the region while raising fears of a severe surge of inflation in the country.

    READ MORE: KATI expresses concerns over rising inflation

    Political instability has cut off domestic and foreign investment, which is a matter of great concern. Salman Aslam said that the value of the dollar has reached a historic high of Rs 186 which is detrimental to the economy.

    He said that the countries whose currencies had depreciated so fast in the world were on the verge of collapse and those governments have failed to rebuild their economies.

    In such a case, it becomes the responsibility of the SBP to intervene realizing the gravity of the matter and stopping the diminishing value of the rupee.

    READ MORE: KATI strongly criticizes hike in petroleum prices

    President KATI said that the political leaders of the nation should also work for reconciliation for the sovereignty of the country and the nation instead of political confrontation otherwise Pakistan could not afford to face further economic crisis.

    Salman Aslam said that the historical rise of the dollar and the economic crisis are first and foremost hurting trade and it has become very difficult for exporters to compete in the world.

    READ MORE: Korangi Association flays key policy rate hike

    President KATI expressed concern that if the situation continues like this, the fear of high inflation, unemployment, and chaos is increasing. He appealed that the sovereignty of Pakistan shall not be compromised and the economy must be saved by finding immediate solutions to the problems.

    Salman Aslam also appealed to Governor SBP to play his role in preventing rupee depreciation on an emergency basis.

    READ MORE: Around 65,000 industry workers vaccinated: KATI

  • Dollar tops PKR 186.13 at interbank closing

    Dollar tops PKR 186.13 at interbank closing

    KARACHI: The US dollar ended at Pakistan Rupee (PKR) 186.13, a new historic high of the foreign currency, at closing of interbank foreign exchange market on Wednesday.

    (more…)
  • Dollar crosses PKR 186 in midday interbank trading

    Dollar crosses PKR 186 in midday interbank trading

    KARACHI: The US dollar crossed the level of 186 to Pakistan Rupee (PKR) during midday trading at interbank foreign exchange market on Wednesday.

    The dollar/rupee parity is at Rs186.10 to the dollar. The foreign currency has gained 87 paisas so far when compared with last day’s closing of Rs185.23.

    READ MORE: Dollar continues record spree against PKR; hits 185.23

    The rupee fell non-stop against the dollar for the last 15 trading sessions. The local currency recorded Rs178.51 at interbank closing on March 11, 2022 and since then the dollar’s made gain Rs6.72 at the closing.

    The local unit recorded a decline of Rs27.69 or 17.58 per cent against the dollar since start of the current fiscal year. The rupee was at Rs157.54 to the dollar on June 30, 2021 and fell to Rs185.23 to the dollar on April 05, 2022.

    READ MORE: Dollar makes new top at Rs184.09

    The recent fall may be attributed to significant fall to foreign exchange reserves. Pakistan’s foreign exchange reserves have depleted by $2.88 billion in a week to $18.554 billion by week ended March 25, 2022, State Bank of Pakistan (SBP) said on Thursday.

    The foreign exchange reserves of the country were $21.44 billion by week ended March 18, 2022.

    This is seventh consecutive week when the country’s foreign exchange reserves have witnessed consistent decline. The liquid foreign exchange reserves of Pakistan have declined by $5.167 billion since February 04, 2022, when the reserves were at $23.721 billion.

    READ MORE: Rupee continues falling spree; dollar at Rs183.48

    The ballooning current account deficit escalated the dollar value. Pakistan’s current account deficit ballooned to $12 billion during first eight months (July – February) 2021/2022 against a surplus of $994 million in the corresponding months of the last fiscal year.

    Although the current account deficit narrowed to $545 million in February 2022 as compared with the deficit of $2.53 billion in January 2022, scheduled external repayments are still a threat to balance of payment.

    READ MORE: Rupee falls to new historic low to dollar at 182.64

    The trade deficit widened by 70 per cent to $35.39 billion during first nine months (July – March) 2021/2022 as compared with the deficit of $20.8 billion in the corresponding months of the last fiscal year.

    The exports of the country recorded an increase of 24.67 per cent to $23.3 billion during first nine months of the current fiscal year as compared with $18.7 billion in the same months of the last fiscal year.

    Meanwhile, import bill registered an increase of 48.63 per cent to $58.69 billion during July – March 2021/2022 as compared with $39.49 billion in the corresponding period of the last fiscal year.