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Tag: US Dollar

  • PKR to USD on November 26, 2022

    PKR to USD on November 26, 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 26, 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 25, 2022

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    PKR to SAR on November 26, 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 26, 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 SAR on November 25, 2022

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    PKR to EUR on November 26, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on November 26, 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 25, 2022

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    PKR to GBP on November 26, 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 26, 2022:

    Buying: Rs 286.00 to the UK Pound Sterling

    Selling: Rs 289.00 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 GBP on November 25, 2022

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    PKR to AED on November 26, 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 26, 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 25, 2022

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    PKR to CAD on November 26, 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 26, 2022:

    Buying: Rs 176.30 to the Canadian Dollar

    Selling: Rs 178.60 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 CAD on November 25, 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.

  • Rupee falls slightly to dollar amid foreign payment pressure

    Rupee falls slightly to dollar amid foreign payment pressure

    KARACHI: The Pakistani Rupee (PKR) fell slightly against the dollar on Friday amid demand of the foreign currency for import and corporate payments.

    The exchange rate witnessed a decline of two paisas to end at PKR 223.94 to the dollar from previous day’s closing of PKR 223.92 in the interbank foreign exchange market.

    READ MORE: PKR slumps to dollar amid SBP tight monitoring

    Currency experts said that the dollar demand was remained high for import and corporate payments during the day.

    Some good news on the political front supported the rupee against the dollar. A day earlier, a new army chief was appointed by the Shehbaz government, which was not disputed by PTI chairman Imran Khan.

    The currency experts said that the measures taken by the SBP were not enough as Pakistan’s external sector was facing huge challenges.

    READ MORE: Rupee fails to maintain recovery; dollar gains to PKR 223.81

    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: Rupee beats dollar after seven sessions to end at PKR 223.42

    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: Dollar rises for 7th straight session, reaches to PKR 223.66

    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.

  • PKR to USD on November 25, 2022

    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

    ————————————————-

    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 slumps to dollar amid SBP tight monitoring

    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.

  • PKR to USD on November 24, 2022

    PKR to USD on November 24, 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 24, 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 23, 2022

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    PKR to SAR on November 24, 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 24, 2022:

    Buying: Rs 63.35 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 SAR on November 23, 2022

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    PKR to EUR on November 24, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on November 24, 2022:

    Buying: Rs 244.50 to the Euro

    Selling: Rs 246.95 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 23, 2022

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    PKR to GBP on November 24, 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 24, 2022:

    Buying: Rs 282.00 to the UK Pound Sterling

    Selling: Rs 284.50 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 GBP on November 23, 2022

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    PKR to AED on November 24, 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 24, 2022:

    Buying: Rs 64.70 to the UAE Dirham

    Selling: Rs 65.35 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 23, 2022

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    PKR to CAD on November 24, 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 24, 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 23, 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 fails to maintain recovery; dollar gains to PKR 223.81

    Rupee fails to maintain recovery; dollar gains to PKR 223.81

    KARACHI: Pakistani Rupee (PKR) failed to maintain recovery against the US dollar on Wednesday as the interbank foreign exchange market ended at PKR 223.81 to the dollar.

    The exchange rate recorded a decline of 39 paisas to end at PKR 223.81 to the dollar from previous day’s closing of PKR 223.42 in the interbank foreign exchange market.

    READ MORE: Rupee beats dollar after seven sessions to end at PKR 223.42

    A day earlier, the local currency recovered 24 paisas to the dollar after making a losing streak for seven consecutive sessions.

    Currency experts said that the rupee was under immense pressure due to higher dollar demand for import and corporate payments.

    Besides, lack of inflows and foreign investment also made it difficult to the government to meet foreign payment obligations.

    READ MORE: Dollar rises for 7th straight session, reaches to PKR 223.66

    Previously, the five-year Credit Default Swap (CDS) of the country reached to record high of 92 showing inability of the government to repay its debts.

    Although last Saturday, Finance Minister Ishaq Dar assured the foreign investors that Pakistan would manage to repay its obligations in-time.

    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.

    READ MORE: Rupee plummets on mounting default risk; dollar advances to PKR 223.17

    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.

    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.

    READ MORE: Rupee devaluation continues; dollar reaches PKR 222.67

    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.

    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.

  • PKR to USD on November 23, 2022

    PKR to USD on November 23, 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 23, 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 22, 2022

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    PKR to SAR on November 23, 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 23, 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 SAR on November 22, 2022

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    PKR to EUR on November 23, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on November 23, 2022:

    Buying: Rs 242.50 to the Euro

    Selling: Rs 245.00 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 EUR on November 22, 2022

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    PKR to GBP on November 23, 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 23, 2022:

    Buying: Rs 280.00 to the UK Pound Sterling

    Selling: Rs 282.80 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 22, 2022

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    PKR to AED on November 23, 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 23, 2022:

    Buying: Rs 64.75 to the UAE Dirham

    Selling: Rs 65.40 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 22, 2022

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    PKR to CAD on November 23, 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 23, 2022:

    Buying: Rs 174.50 to the Canadian Dollar

    Selling: Rs 176.50 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 CAD on November 22, 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 beats dollar after seven sessions to end at PKR 223.42

    Rupee beats dollar after seven sessions to end at PKR 223.42

    KARACHI: Pakistani Rupee made a recovery on Tuesday after falling for seven straight sessions against the dollar in interbank foreign exchange market.

    The exchange rate recorded an appreciation of 24 paisas in rupee value to end at PKR 223.43 to the dollar from previous day’s closing of PKR 223.66 in the interbank foreign exchange market.

    READ MORE: Dollar rises for 7th straight session, reaches to PKR 223.66

    It is important to note that rupee recovery was surprising in the wake of adverse economic indicators.

    The five-year Credit Default Swap (CDS) of the country reached to record high of 92 showing inability of the government to repay its debts.

    Although last Saturday, Finance Minister Ishaq Dar assured the foreign investors that Pakistan would manage to repay its obligations in-time.

    READ MORE: Rupee plummets on mounting default risk; dollar advances to PKR 223.17

    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: Rupee devaluation continues; dollar reaches PKR 222.67

    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: Dollar climbs to PKR 222.41 amid foreign payment demand

    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.

  • PKR to USD on November 22, 2022

    PKR to USD on November 22, 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 22, 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 21, 2022

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    PKR to SAR on November 22, 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 22, 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 SAR on November 21, 2022

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    PKR to EUR on November 22, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on November 22, 2022:

    Buying: Rs 241.50 to the Euro

    Selling: Rs 243.90 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 21, 2022

    ————————————————-

    PKR to GBP on November 22, 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 22, 2022:

    Buying: Rs 279.00 to the UK Pound Sterling

    Selling: Rs 281.80 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 21, 2022

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    PKR to AED on November 22, 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 22, 2022:

    Buying: Rs 64.64 to the UAE Dirham

    Selling: Rs 65.30 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 21, 2022

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    PKR to CAD on November 22, 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 22, 2022:

    Buying: Rs 175.00 to the Canadian Dollar

    Selling: Rs 177.00 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 21, 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.

  • Dollar rises for 7th straight session, reaches to PKR 223.66

    Dollar rises for 7th straight session, reaches to PKR 223.66

    KARACHI: US dollar continued to make gain for seventh straight session against the Pakistani Rupee (PKR) on Monday and reached PKR 223.66 in the interbank foreign exchange market.

    The exchange rate recorded a decrease of 49 paisas in rupee value to end at PKR 223.66 to the dollar as compared with last Friday’s closing of PKR 223.17 in the interbank foreign exchange market.

    The rupee witnessed the seventh consecutive day decline against the greenback.

    READ MORE: Rupee plummets on mounting default risk; dollar advances to PKR 223.17

    The latest depreciation in rupee was recorded as five-year Credit Default Swap (CDS) of the country reached to an alarming level of 79 per cent showing inability of the government to repay its debts.

    Although last Saturday, Finance Minister Ishaq Dar assured the foreign investors that Pakistan would manage to repay its obligations in-time.

    However, 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.

    READ MORE: Rupee devaluation continues; dollar reaches PKR 222.67

    Although 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 climbs to PKR 222.41 amid foreign payment demand

    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: Dollar end up to PKR 221.91 in interbank on November 15, 2022

    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.