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Tag: US Dollar

  • 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

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    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

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    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

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    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

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    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

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    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

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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.

  • 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

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    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

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    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

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    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

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    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

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    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

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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 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

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    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

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    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

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    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

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    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

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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.

  • 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.

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

    Dollar advances to PKR 224.16 at interbank closing on Dec 07

    KARACHI: The US dollar gained five paisas against Pakistani Rupee (PKR) on Wednesday to end at PKR 224.16 in interbank foreign exchange market.

    A day earlier, the exchange rate was closed at PKR 224.11 to the dollar in interbank foreign exchange market.

    Currency experts said that higher demand for import and corporate payment kept the exchange rate under pressure.

    READ MORE: Dollar hits PKR 224.11 amid foreign payment demands

    They said that falling foreign exchange reserves and rising scheduled repayment against foreign debt also increased the volatility in the foreign exchange market.

    The foreign currency market was also under pressure due to reports of economic emergency to be imposed. However, the Finance Division a day earlier, denied any such proposal was under consideration.

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

    The Saudi Fund for Development (SFD) extended the term for the deposit provided by the Kingdom of Saudi Arabia in the amount of $3 billion to the State Bank of Pakistan.

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

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

    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.

    READ MORE: PKR ends stable to dollar on $3 billion Saudi rollover

    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.

    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.

    READ MORE: SBP foreign exchange reserves fall to $7.5 billion

    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 07, 2022

    PKR to US Dollar on December 07, 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 07, 2022:

    Buying: Rs 229.25 to the US Dollar

    Selling: Rs 231.50 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 06, 2022

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    PKR to Saudi Riyal on December 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 December 07, 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 06, 2022

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    PKR to Euro on December 07, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on December 07, 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 06, 2022

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    PKR to UK Pound on December 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 December 07, 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 06, 2022

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    PKR to UAE Dirham on December 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 December 07, 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 06, 2022

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    PKR to Canadian Dollar on December 07, 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 07, 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 06, 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.

  • Over 400 vegetable containers stuck up at ports due to dollar shortage

    Over 400 vegetable containers stuck up at ports due to dollar shortage

    KARACHI: Over 400 containers of vegetables have been stuck up at ports as commercial banks are not issuing documents due to shortage of dollars.

    All Pakistan Fruit and Vegetable Exporters, Importers and Merchants Association in a letter to the commerce ministry sent on Tuesday, stated that the containers of Onion are still held up at the various terminals of Karachi sea port since the commercial banks are not releasing the documents due to non-availability of foreign exchange as per statement of the banks.

    READ MORE: FPCCI demands release of soybean, canola cargoes

    The in-ordinance delay in timely clearance would lead to multiplication of cost of the containers (e.g. terminal charges and shipping charges) with each passing day. The high cost of onion containers would have a serious negative impact on common men making onion out of their reach due to high price and hence the government sincere initiative to provide relief to the common men would be jeopardized.

    READ MORE: KATI urges removal of regulatory duty on yarn

    The association said that as of today the wholesale rate of onion is Rs175 per kilogram and retail price is Rs250-270 per kg and with further delay in clearance, these rates are anticipated to further shoot up depriving the common men to buy the daily used vegetable onion.

    READ MORE: Pakistan slaps 5pc regulatory duty on yarn import

    The status of containers of various vegetables held up the various terminals of Karachi sea ports as of today is as follow:

    Onion: 250 containers approximately worth $2.1 million

    Ginger: 63 containers approximately worth $0.82 million

    Garlic: 104 containers approximately worth $2.53 million

    The association demanded the government to take prompt action in the best interest of the common people to provide relief to them and make sincere efforts of the government successful.

    READ MORE: Industries threaten mass protest against gas supply shutdown

  • Dollar hits PKR 224.11 amid foreign payment demands

    Dollar hits PKR 224.11 amid foreign payment demands

    KARACHI: US dollar has made a gain of 20 paisas against Pakistani Rupee (PKR) to reach PKR 224.11 on Tuesday in interbank foreign exchange market.

    The exchange rate were closed at PKR 223.91 to the dollar a day earlier in the interbank foreign exchange market.

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

    Currency experts said that falling foreign exchange reserves and rising scheduled repayment against foreign debt increased the volatility in the foreign exchange market.

    They said that the market had also witnessed higher dollar demand for import and corporate payments. The experts said that corporate buyers were also seen active for purchasing dollar to make payment of dividends in the month of December.

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

    READ MORE: PKR ends stable to dollar on $3 billion Saudi rollover

    The Saudi Fund for Development (SFD) extended the term for the deposit provided by the Kingdom of Saudi Arabia in the amount of $3 billion to the State Bank of Pakistan.

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

    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.

    READ MORE: SBP foreign exchange reserves fall to $7.5 billion

    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.

    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.

    READ MORE: Pakistan official reserves fall to around 1 ½ months import coverage

    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.

    READ MORE: Pakistan forex reserves inch up to $13.796 billion

    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.