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Tag: US Dollar

  • PKR steady fall continues against dollar in interbank

    PKR steady fall continues against dollar in interbank

    KARACHI: A steady fall in Pakistani Rupee (PKR) continued against the dollar on Tuesday as the local currency lost another five paisas in interbank foreign exchange market.

    The exchange rate recorded a decline of five paisas in rupee value to end PKR 224.70 to the dollar from previous day’s closing of PKR 224.65 in the interbank foreign exchange market.

    READ MORE: PKR weakens by 25 paisas to dollar on foreign payment demand

    Currency experts said that the rupee witnessed pressure because of higher demand of the dollar for import and corporate payments.

    They further said that falling foreign exchange reserves also impacting adversely the exchange rate.

    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.

    READ MORE: Rupee eases against dollar amid sharp decline in forex reserves

    The central bank said that during the week ended December 02, 2022, SBP reserves decreased by $ 784 million to $ 6,714.9 million.

    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.

    READ MORE: Dollar advances to PKR 224.16 at interbank closing on Dec 07

  • PKR to US Dollar on December 13, 2022

    PKR to US Dollar on December 13, 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 13, 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 12, 2022

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    PKR to Saudi Riyal on December 13, 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 13, 2022:

    Buying: Rs 63.36 to the Saudi Riyal

    Selling: Rs 64.00 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 12, 2022

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    PKR to Euro on December 13, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on December 13, 2022:

    Buying: Rs 250.50 to the Euro

    Selling: Rs 253.00 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 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 12, 2022

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    PKR to UK Pound on December 13, 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 13, 2022:

    Buying: Rs 290.10 to the UK Pound Sterling

    Selling: Rs 294.00 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 12, 2022

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    PKR to UAE Dirham on December 13, 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 13, 2022:

    Buying: Rs 65.34 to the UAE Dirham

    Selling: Rs 66.00 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 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 12, 2022

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    PKR to Canadian Dollar on December 13, 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 13, 2022:

    Buying: Rs 174.00 to the Canadian Dollar

    Selling: Rs 176.00 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 Canadian Dollar on December 12, 2022

    ————————————————-

    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.

  • PKR weakens by 25 paisas to dollar on foreign payment demand

    PKR weakens by 25 paisas to dollar on foreign payment demand

    KARACHI: Pakistani Rupee weakened by 25 paisas against the US dollar on Monday owing to higher foreign payment demand.

    The exchange rate recorded a decline of 25 paisas in rupee value to end at PKR 224.65 to the dollar from last Friday’s closing of PKR 224.40 in the interbank foreign exchange market.

    READ MORE: Rupee eases against dollar amid sharp decline in forex reserves

    Currency experts said that the first day of the week witnessed pressure on rupee because of higher demand of the dollar for import and corporate payments.

    They further said that falling foreign exchange reserves also impacting adversely the exchange rate.

    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.

    READ MORE: PKR devaluation against dollar continues despite strict monitoring

    The central bank said that during the week ended December 02, 2022, SBP reserves decreased by $ 784 million to $ 6,714.9 million.

    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.

    READ MORE: Dollar advances to PKR 224.16 at interbank closing on Dec 07

    Last week the chief of the central bank made a statement regarding foreign payments to be made by the country.

    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.

    READ MORE: Dollar hits PKR 224.11 amid foreign payment demands

    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.

  • PKR to US Dollar on December 12, 2022

    PKR to US Dollar on December 12, 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 12, 2022:

    Buying: Rs 229.70 to the US Dollar

    Selling: Rs 232.00 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 11, 2022

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    PKR to Saudi Riyal on December 12, 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 12, 2022:

    Buying: Rs 63.00 to the Saudi Riyal

    Selling: Rs 63.63 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 11, 2022

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    PKR to Euro on December 12, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on December 12, 2022:

    Buying: Rs 249.00 to the Euro

    Selling: Rs 251.50 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 11, 2022

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    PKR to UK Pound on December 12, 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 12, 2022:

    Buying: Rs 290.00 to the UK Pound Sterling

    Selling: Rs 292.90 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 11, 2022

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    PKR to UAE Dirham on December 12, 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 12, 2022:

    Buying: Rs 65.00 to the UAE Dirham

    Selling: Rs 65.65 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 11, 2022

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    PKR to Canadian Dollar on December 12, 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 12, 2022:

    Buying: Rs 173.00 to the Canadian Dollar

    Selling: Rs 175.00 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 Canadian Dollar on December 11, 2022

    ————————————————-

    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.

  • PKR to US Dollar on December 11, 2022

    PKR to US Dollar on December 11, 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 11, 2022:

    Buying: Rs 229.70 to the US Dollar

    Selling: Rs 232.00 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 10, 2022

    ————————————————-

    PKR to Saudi Riyal on December 11, 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 11, 2022:

    Buying: Rs 63.00 to the Saudi Riyal

    Selling: Rs 63.63 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 10, 2022

    ————————————————-

    PKR to Euro on December 11, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on December 11, 2022:

    Buying: Rs 249.00 to the Euro

    Selling: Rs 251.50 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 10, 2022

    ————————————————-

    PKR to UK Pound on December 11, 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 11, 2022:

    Buying: Rs 290.00 to the UK Pound Sterling

    Selling: Rs 292.90 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 10, 2022

    ————————————————-

    PKR to UAE Dirham on December 11, 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 11, 2022:

    Buying: Rs 65.00 to the UAE Dirham

    Selling: Rs 65.65 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 10, 2022

    ————————————————-

    PKR to Canadian Dollar on December 11, 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 11, 2022:

    Buying: Rs 173.00 to the Canadian Dollar

    Selling: Rs 175.00 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 Canadian Dollar on December 10, 2022

    ————————————————-

    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.

  • PKR to US Dollar on December 10, 2022

    PKR to US Dollar on December 10, 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 10, 2022:

    Buying: Rs 229.70 to the US Dollar

    Selling: Rs 232.00 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 09, 2022

    ————————————————-

    PKR to Saudi Riyal on December 10, 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 10, 2022:

    Buying: Rs 63.00 to the Saudi Riyal

    Selling: Rs 63.63 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 09, 2022

    ————————————————-

    PKR to Euro on December 10, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on December 10, 2022:

    Buying: Rs 250.00 to the Euro

    Selling: Rs 252.50 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 09, 2022

    ————————————————-

    PKR to UK Pound on December 10, 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 10, 2022:

    Buying: Rs 290.00 to the UK Pound Sterling

    Selling: Rs 292.90 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 09, 2022

    ————————————————-

    PKR to UAE Dirham on December 10, 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 10, 2022:

    Buying: Rs 65.00 to the UAE Dirham

    Selling: Rs 65.65 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 09, 2022

    ————————————————-

    PKR to Canadian Dollar on December 10, 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 10, 2022:

    Buying: Rs 173.00 to the Canadian Dollar

    Selling: Rs 175.00 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 Canadian Dollar on December 09, 2022

    ————————————————-

    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.

  • Rupee eases against dollar amid sharp decline in forex reserves

    Rupee eases against dollar amid sharp decline in forex reserves

    KARACHI: Pakistani Rupee (PKR) eased by three paisas against the US dollar on Friday amid massive decline in foreign exchange reserves of the country.

    The exchange rate recorded a decline of three paisas in rupee value to end at PKR 224.40 to the dollar from previous day’s closing of PKR 224.37 in the interbank foreign exchange market.

    READ MORE: PKR devaluation against dollar continues despite strict monitoring

    Currency experts said that the fall in rupee value was nominal considering the sharp deterioration in foreign exchange reserves.

    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: Dollar advances to PKR 224.16 at interbank closing on Dec 07

    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.

    The experts said that the local currency, however, supported by a statement came from the central bank.

    READ MORE: Dollar hits PKR 224.11 amid foreign payment demands

    SBP Governor Jameel Ahmad a day earlier 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.

    READ MORE: Rupee declines 22 paisas to dollar amid payment demand

    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.

  • PKR to US Dollar on December 09, 2022

    PKR to US Dollar on December 09, 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 09, 2022:

    Buying: Rs 229.70 to the US Dollar

    Selling: Rs 232.00 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 08, 2022

    ————————————————-

    PKR to Saudi Riyal on December 09, 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 09, 2022:

    Buying: Rs 63.20 to the Saudi Riyal

    Selling: Rs 63.85 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 08, 2022

    ————————————————-

    PKR to Euro on December 09, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on December 09, 2022:

    Buying: Rs 248.30 to the Euro

    Selling: Rs 250.80 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 08, 2022

    ————————————————-

    PKR to UK Pound on December 09, 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 09, 2022:

    Buying: Rs 288.00 to the UK Pound Sterling

    Selling: Rs 290.90 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 08, 2022

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    PKR to UAE Dirham on December 09, 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 09, 2022:

    Buying: Rs 65.15 to the UAE Dirham

    Selling: Rs 65.80 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 08, 2022

    ————————————————-

    PKR to Canadian Dollar on December 09, 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 09, 2022:

    Buying: Rs 172.00 to the Canadian Dollar

    Selling: Rs 174.50 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 08, 2022

    ————————————————-

    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.

  • PKR devaluation against dollar continues despite strict monitoring

    PKR devaluation against dollar continues despite strict monitoring

    KARACHI: Pakistani Rupee (PKR) continued to devalue against the dollar on Thursday as the interbank foreign exchange market ended at PKR 224.37 to the foreign currency.

    The exchange rate recorded a decline of 21 paisas in rupee value to end at PKR 224.37 to the dollar from previous day’s closing of PKR 224.16 in the interbank foreign exchange market.

    READ MORE: Dollar advances to PKR 224.16 at interbank closing on Dec 07

    Currency experts said that the central bank through strict monitoring and measures controlled the exchange rate otherwise the actual value was much higher.

    They said that the exchange gap between open market and the interbank market is over 18-20 rupee.

    Last day a former senior central banker at a private TV channel the SBP had not much stock of dollars to intervene into the market to support the local currency. However, the central bank is artificially controlling the exchange rate through regulatory measures and strict monitoring.

    READ MORE: Dollar hits PKR 224.11 amid foreign payment demands

    According to the experts, lack of foreign inflows through official channels was encouraging hawala and hundi and most of the senders were preferring informal channels to get higher rates for their greenbacks.

    They said that falling foreign exchange and mounting scheduled repayment against foreign debt also escalated volatility in the foreign exchange market.

    Last week the rupee showed resilience against the dollar due to rollover approval of $3 billion by the Saudi government.

    However, recent payment of over a billion dollars against Sukuk by the government to international commercial investors also put pressure on the exchange rate.

    READ MORE: Rupee declines 22 paisas to dollar amid payment demand

    The currency experts said that tightening of monetary policy and contraction in import payment demand helped the rupee to make recovery.

    They said that the SBP should be more vigilant because latest efforts were not enough as Pakistan’s external sector was facing huge challenges.

    Latest investment data revealed the foreign direct investment plunged by 52 per cent in first four months of the current fiscal year.

    The current account deficit recorded a contraction in the first four months of the current fiscal year, but 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: PKR ends stable to dollar on $3 billion Saudi rollover

    Official foreign exchange reserves of State Bank of Pakistan (SBP) have depleted by $327 million by week ended November 25, 2022 leaving import cover of only one and half months.

    The official foreign exchange reserves of the SBP fell by $327 million to $7.499 billion by week ended November 25, 2022 as compared with $7.826 billion a week ago.

    The import bill of the country was at $4.71 billion in October 2022, according to Pakistan Bureau of Statistics (PBS). According to the month import bill the existing foreign exchange reserves of the SBP have reduced to cover only 1.56 months import payment.

    The central bank attributed the decline in official reserves to repayment against external debt.

    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 $12.647 billion.

    The total reserves of the country fell by $267 million to $13.378 billion by week ended November 25, 2022 as compared with $13.645 billion a week ago.

    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 $13.850 billion.

  • PKR to US Dollar on December 08, 2022

    PKR to US Dollar on December 08, 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 08, 2022:

    Buying: Rs 229.70 to the US Dollar

    Selling: Rs 232.00 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 07, 2022

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    PKR to Saudi Riyal on December 08, 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 08, 2022:

    Buying: Rs 63.00 to the Saudi Riyal

    Selling: Rs 63.63 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 07, 2022

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    PKR to Euro on December 08, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on December 08, 2022:

    Buying: Rs 248.50 to the Euro

    Selling: Rs 251.00 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 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 07, 2022

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    PKR to UK Pound on December 08, 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 08, 2022:

    Buying: Rs 288.10 to the UK Pound Sterling

    Selling: Rs 291.00 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 07, 2022

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    PKR to UAE Dirham on December 08, 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 08, 2022:

    Buying: Rs 65.30 to the UAE Dirham

    Selling: Rs 66.00 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 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 07, 2022

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    PKR to Canadian Dollar on December 08, 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 08, 2022:

    Buying: Rs 172.00 to the Canadian Dollar

    Selling: Rs 174.00 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 Canadian Dollar on December 07, 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.