KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on December 18, 2022:
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PKR to US Dollar on December 17, 2022
KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on December 17, 2022:
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Rupee deteriorates on falling foreign exchange reserves
KARACHI: Pakistani Rupee (PKR) deteriorated against the dollar on Friday due to decline in country’s foreign exchange reserves continued.
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PKR to US Dollar on December 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 December 16, 2022:
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SITE Association demands dollar availability to avert industrial shutdown
KARACHI: SITE Association of Industry has demanded the government to ensure dollar availability for import of raw material and avert industrial shutdown.
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PKR ends stable to dollar despite greenback demand for foreign payments
KARACHI: The Pakistani Rupee (PKR) ended stable against the US dollar on Thursday amid higher foreign currency demand for import and corporate payments.
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PKR to US Dollar on December 15, 2022
KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on December 15, 2022:
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Rupee softens against dollar to PKR 224.71 in interbank
KARACHI: Pakistani Rupee (PKR) softened against the US dollar on Wednesday to end at PKR 224.71 in the interbank foreign exchange market.
The exchange rate recorded ease in rupee value to end at PKR 224.71 from previous day’s closing of PKR 224.70 in the interbank foreign exchange market.
READ MORE: PKR steady fall continues against dollar in interbank
Currency experts said that the local currency was under immense pressure due to dollar demand for high import and corporate payments.
However, they said that tight monitoring of the central bank regarding dollar movement helped the rupee to witness lesser depreciation.
The experts further said that falling foreign exchange reserves also impacting adversely the exchange rate.
READ MORE: PKR weakens by 25 paisas to dollar on foreign payment demand
Pakistan’s official foreign exchange reserves have plunged to multi years low to $6.72 billion by week ended December 02, 2022. The official reserves of State Bank of Pakistan (SBP) fell by $784 million to $6.715 billion by week ended December 02, 2022 when compared with $7.499 billion a week ago i.e. November 25, 2022. Previously, the SBP reserves were seen at $7 billion in April 2014.
The central bank said that during the week ended December 02, 2022, SBP reserves decreased by $ 784 million to $ 6,714.9 million.
READ MORE: Rupee eases against dollar amid sharp decline in forex reserves
This decline is on account of the payment of $1,000 million against maturing Pakistan International Sukuk and some other external debt repayments.
Some of the debt repayments were offset by inflows, mainly $500 million received from Asian Infrastructure Investment Bank (AIIB), the SBP added.
Last week the chief of the central bank made a statement regarding foreign payments to be made by the country.
READ MORE: PKR devaluation against dollar continues despite strict monitoring
SBP Governor Jameel Ahmad said that the country will continue to make timely repayments while inflows are expected to increase significantly in the second half of the current fiscal year.
He said, for the fiscal year 2023, around $33 billion were to be repaid to external stakeholders, including the Current Account Deficit (CAD) of $10 billion and $23 billion in loan repayments.
Out of the payable $23 billion external debt, Pakistan has already repaid more than $6 billion whereas as a bilateral loan of $4 billion has been rolled over with the cooperation of relevant countries.
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PKR to US Dollar on December 14, 2022
KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on December 14, 2022:
Buying: Rs 231.70 to the US Dollar
Selling: Rs 234.00 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 US Dollar on December 13, 2022
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PKR to Saudi Riyal on December 14, 2022
KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on December 14, 2022:
Buying: Rs 63.70 to the Saudi Riyal
Selling: Rs 64.20 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 Saudi Riyal on December 13, 2022
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PKR to Euro on December 14, 2022
KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on December 14, 2022:
Buying: Rs 252.00 to the Euro
Selling: Rs 254.50 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 Euro on December 13, 2022
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PKR to UK Pound on December 14, 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 December 14, 2022:
Buying: Rs 292.50 to the UK Pound Sterling
Selling: Rs 295.50 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 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 UK Pound on December 13, 2022
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PKR to UAE Dirham on December 14, 2022
KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on December 14, 2022:
Buying: Rs 66.70 to the UAE Dirham
Selling: Rs 67.20 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 UAE Dirham on December 13, 2022
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PKR to Canadian Dollar on December 14, 2022
KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on December 14, 2022:
Buying: Rs 173.60 to the Canadian Dollar
Selling: Rs 175.60 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 Canadian Dollar on December 13, 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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FBR imposes $5,000 cash carrying limit for foreign travel
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday imposed cash carrying limit of $5,000 for travelling abroad.
The FBR issued SRO 2201(I)/ 2022 dated December 12, 2022 to make part of law the amendment made to Baggage Rules, 2006. Previously, draft amendments to the rules were introduced through SRO 2043(I)/2022 on November 15, 2022.
READ MORE: FBR exempts CVT on assets of Reko Diq Mining Company
According to the latest notification, any person travelling abroad (except to Afghanistan) is allowed to take out Pakistan US Dollars or equivalent thereof in other foreign currencies as per the limits give below:
For individuals 18 years and above, the maximum limit per person per visit in US$ (or equivalent in other foreign currencies) is $5,000 and annual limit per person in US$ (or equivalent in other foreign currencies) is $30,000.
For individuals below 18 years, the maximum limit per person per visit in US$ (or equivalent in other foreign currencies) is $2,500 and annual limit per person in US$ (or equivalent in other foreign currencies) is $15,000.
READ MORE: FBR chairman directs chief commissioners to meet December collection target
In case of passengers travelling to Afghanistan, the maximum limit per person per visit (US$ or equivalent in other foreign currencies) is $1,000 and annual limit per person (US$ or equivalent in other foreign currencies) is $6,000.
The FBR said that the annual limits for outbound passengers for the respective countries mentioned above for a calendar year starting from the year 2023. However, for calendar year 2022, the existing annual limits in vogue before the issuance of this notification will continue to be effective till December 31, 2022.
READ MORE: SRB says cases worth Rs 80 billion stuck in litigation
The FBR further stated that any person taking foreign currency or any other prohibited or restricted item out of Pakistan shall file a declaration before or at the time of departure, electronically in the WeBOC or pass track or manual at the airport.
According to the amendments to Baggage Rules, 2006, the incoming passenger when in possession of foreign currency exceeding $10,000 or equivalent, or any other prohibited restricted items, shall also file a declaration.
READ MORE: Customs appraising officer awarded major penalty for inefficiency