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Tag: US Dollar

  • Rupee gains 11 paisas to dollar on ADB loan approval

    Rupee gains 11 paisas to dollar on ADB loan approval

    KARACHI: Pakistani Rupee (PKR) has gained 11 paisas against the dollar on Friday after the Asian Development Bank (ADB) approved a financing of $1.5 billion to the country.

    The exchange rate recorded a gain of 11 paisas in rupee value to end at PKR 220.84 to the dollar from previous day’s closing of PKR 220.95 in interbank foreign exchange market.

    READ MORE: Dollar inches up to end at PKR 220.95 in interbank market

    Currency experts said that the approval of loan program by the ADB helped the rupee to make gain.

    The ADB in a statement on Friday said that it had approved $1.5 billion in financing to help the Government of Pakistan provide social protection, promote food security, and support employment for its people amid devastating floods and global supply chain disruptions.

    Besides, the rupee was also supported by contraction in current account deficit during the first quarter of the current fiscal year.

    READ MORE: Rupee plunges to PKR 220.88 against dollar in interbank

    Pakistan’s current account deficit has recorded a decline of 37 per cent to $2.21 billion during first quarter (July – September) of fiscal year 2022/2023, according to official data released on Wednesday.

    The current account deficit of the country was $3.53 billion in the same quarter of the last fiscal year.

    Contraction in current account deficit can be attributed to significant fall in trade deficit. The trade deficit also contracted by 21.32 per cent to $9.22 billion during first quarter of the current fiscal year as compared with the deficit of $11.72 billion in the same quarter of the last fiscal year.

    READ MORE: Rupee fall continues; Dollar ends at PKR 219.71 in interbank

    Furthermore, the local currency also received support as the level of foreign exchange reserves were remained flat.

    Pakistan’s weekly foreign exchange reserves increased nominally to $13.251 billion by week ended October 14, 2022 as compared with $13.247 billion a week ago i.e. October 7, 2022.

    READ MORE: PKR falls to dollar in interbank on Oct 17, 2022

  • Pakistani Rupee to US Dollar on October 21, 2022

    Pakistani Rupee to US Dollar on October 21, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on October 21, 2022:

    Buying: Rs 223.20 to the US Dollar

    Selling: Rs 225.45 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.

    Pakistani Rupee to US Dollar on October 20, 2022

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    Pakistani Rupee to Saudi Riyal on October 21, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on October 21, 2022:

    Buying: Rs 59.25 to the Saudi Riyal

    Selling: Rs 59.85 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.

    Pakistani Rupee to Saudi Riyal on October 20, 2022

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    Pakistani Rupee to Euro on October 21, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on October 21, 2022:

    Buying: Rs 219.10 to the Euro

    Selling: Rs 221.30 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.

    Pakistani Rupee to Euro on October 20, 2022

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    Pakistani Rupee to UK Pound Sterling on October 21, 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 October 21, 2022:

    Buying: Rs 250.55 to the UK Pound Sterling

    Selling: Rs 253.05 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.

    Pakistani Rupee to UK Pound Sterling on October 20, 2022

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    Pakistani Rupee to UAE Dirham on October 21, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on October 21, 2022:

    Buying: Rs 63.30 to the UAE Dirham

    Selling: Rs 63.90 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.

    Pakistani Rupee to UAE Dirham on October 20, 2022

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    Pakistani Rupee to Canadian Dollar on October 21, 2022

    KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on October 21, 2022:

    Buying: Rs 163.00 to the Canadian Dollar

    Selling: Rs 165.00 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.

    Pakistani Rupee to Canadian Dollar on October 20, 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 inches up to end at PKR 220.95 in interbank market

    Dollar inches up to end at PKR 220.95 in interbank market

    The US Dollar made slight gains against the Pakistani Rupee (PKR) in the interbank foreign exchange market on Thursday, closing at PKR 220.95. The rupee lost seven paisas compared to the previous day’s closing of PKR 220.88, reflecting the prevailing pressure on the local currency.

    (more…)
  • Pakistani Rupee to US Dollar on October 20, 2022

    Pakistani Rupee to US Dollar on October 20, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on October 20, 2022:

    Buying: Rs 225.70 to the US Dollar

    Selling: Rs 228.00 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.

    Pakistani Rupee to US Dollar on October 19, 2022

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    Pakistani Rupee to Saudi Riyal on October 20, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on October 20, 2022:

    Buying: Rs 60.00 to the Saudi Riyal

    Selling: Rs 60.60 to the Saudi Riyal

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 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.

    Pakistani Rupee to Saudi Riyal on October 19, 2022

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    Pakistani Rupee to Euro on October 20, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on October 20, 2022:

    Buying: Rs 222.00 to the Euro

    Selling: Rs 224.00 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.

    Pakistani Rupee to Euro on October 19, 2022

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    Pakistani Rupee to UK Pound Sterling on October 20, 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 October 20, 2022:

    Buying: Rs 254.50 to the UK Pound Sterling

    Selling: Rs 257.00 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.

    Pakistani Rupee to UK Pound Sterling on October 19, 2022

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    Pakistani Rupee to UAE Dirham on October 20, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on October 20, 2022:

    Buying: Rs 61.60 to the UAE Dirham

    Selling: Rs 62.20 to the UAE Dirham

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The UAE Dirham /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Pakistani Rupee to UAE Dirham on October 19, 2022

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    Pakistani Rupee to Canadian Dollar on October 20, 2022

    KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on October 20, 2022:

    Buying: Rs 163.50 to the Canadian Dollar

    Selling: Rs 165.10 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.

    Pakistani Rupee to Canadian Dollar on October 19, 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 plunges to PKR 220.88 against dollar in interbank

    Rupee plunges to PKR 220.88 against dollar in interbank

    KARACHI: Pakistani Rupee (PKR) sharply declined against dollar on Wednesday amid falling foreign exchange reserves and high demand for import payments.

    The local currency ended down by PKR 1.17 to end at PKR 220.88 against the dollar from previous day’s closing of PKR 219.71 in the interbank foreign exchange market.

    READ MORE: Rupee fall continues; Dollar ends at PKR 219.71 in interbank

    Currency experts said that the local currency was under pressure during the day due to rising dollar demand for import payments and falling foreign exchange reserves.

    The dollar rebounded on October 12, 2022 after making a losing streak for straight 13 sessions to the rupee.

    READ MORE: PKR falls to dollar in interbank on Oct 17, 2022

    The exchange rate reached to near record low of PKR 239.71 on September 22, 2022 to the dollar but ended at PKR 217.79 on October 10, 2022. Dar recently claimed that the actual value of the dollar is below PKR 200 and he vowed to bring it down.

    The rupee hit all-time low of PKR 239.94 against the dollar on July 28, 2022.

    READ MORE: PKR falls against dollar on depleting forex reserves

    Pakistan’s foreign exchange reserves continued to decline and depleted by $342 million to $13.247 billion by week ended October 07, 2022. The foreign exchange reserves of the country were at $13.589 billion a week ago i.e. September 30, 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 $13.981 billion.

    READ MORE: Dollar ends up to PKR 218.38 in interbank on Oct 13, 2022

    They said that the rupee had made gain during the past couple of weeks due to various measures taken by the central bank to curb the dollar hoarding.

  • Pakistani Rupee to US Dollar on October 19, 2022

    Pakistani Rupee to US Dollar on October 19, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on October 19, 2022:

    Buying: Rs 224.00 to the US Dollar

    Selling: Rs 226.25 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.

    Pakistani Rupee to US Dollar on October 18, 2022

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    Pakistani Rupee to Saudi Riyal on October 19, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on October 19, 2022:

    Buying: Rs 59.40 to the Saudi Riyal

    Selling: Rs 60.00 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.

    Pakistani Rupee to Saudi Riyal on October 18, 2022

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    Pakistani Rupee to Euro on October 19, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on October 19, 2022:

    Buying: Rs 221.00 to the Euro

    Selling: Rs 223.00 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.

    Pakistani Rupee to Euro on October 18, 2022

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    Pakistani Rupee to UK Pound Sterling on October 19, 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 October 19, 2022:

    Buying: Rs 255.50 to the UK Pound Sterling

    Selling: Rs 258.50 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.

    Pakistani Rupee to UK Pound Sterling on October 18, 2022

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    Pakistani Rupee to UAE Dirham on October 19, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on October 19, 2022:

    Buying: Rs 62.20 to the UAE Dirham

    Selling: Rs 62.80 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.

    Pakistani Rupee to UAE Dirham on October 18, 2022

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    Pakistani Rupee to Canadian Dollar on October 19, 2022

    KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on October 19, 2022:

    Buying: Rs 164.00 to the Canadian Dollar

    Selling: Rs 166.00 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.

    Pakistani Rupee to Canadian Dollar on October 18, 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 fall continues; Dollar ends at PKR 219.71 in interbank

    Rupee fall continues; Dollar ends at PKR 219.71 in interbank

    KARACHI: Pakistani Rupee (PKR) continued to fall against the dollar to end at PKR 219.71 on Tuesday at interbank foreign exchange market.

    The rupee recorded a decline of 82 paisas to end at PKR 219.71 against the dollar from previous day’s closing of PKR 218.89 in the interbank foreign exchange market.

    READ MORE: PKR falls to dollar in interbank on Oct 17, 2022

    Currency experts said that the local currency was under pressure during the day due to rising dollar demand for import payments and falling foreign exchange reserves.

    The dollar rebounded on October 12, 2022 after making a losing streak for straight 13 sessions to the rupee.

    READ MORE: PKR falls against dollar on depleting forex reserves

    The exchange rate reached to near record low of PKR 239.71 on September 22, 2022 to the dollar but ended at PKR 217.79 on October 10, 2022. Dar recently claimed that the actual value of the dollar is below PKR 200 and he vowed to bring it down.

    The rupee hit all-time low of PKR 239.94 against the dollar on July 28, 2022.

    READ MORE: Dollar ends up to PKR 218.38 in interbank on Oct 13, 2022

    Pakistan’s foreign exchange reserves continued to decline and depleted by $342 million to $13.247 billion by week ended October 07, 2022. The foreign exchange reserves of the country were at $13.589 billion a week ago i.e. September 30, 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 $13.981 billion.

    They said that the rupee had made gain during the past couple of weeks due to various measures taken by the central bank to curb the dollar hoarding.

    READ MORE: Dollar ends 13-day losing streak; ends at PKR 217.88

  • Pakistani Rupee to US Dollar on October 18, 2022

    Pakistani Rupee to US Dollar on October 18, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on October 18, 2022:

    Buying: Rs 223.50 to the US Dollar

    Selling: Rs 225.75 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.

    Pakistani Rupee to US Dollar on October 17, 2022

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    Pakistani Rupee to Saudi Riyal on October 18, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on October 18, 2022:

    Buying: Rs 59.25 to the Saudi Riyal

    Selling: Rs 59.85 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.

    Pakistani Rupee to Saudi Riyal on October 17, 2022

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    Pakistani Rupee to Euro on October 18, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on October 18, 2022:

    Buying: Rs 220.00 to the Euro

    Selling: Rs 222.20 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.

    Pakistani Rupee to Euro on October 17, 2022

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    Pakistani Rupee to UK Pound Sterling on October 18, 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 October 18, 2022:

    Buying: Rs 253.50 to the UK Pound Sterling

    Selling: Rs 256.00 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.

    Pakistani Rupee to UK Pound Sterling on October 17, 2022

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    Pakistani Rupee to UAE Dirham on October 18, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on October 18, 2022:

    Buying: Rs 61.50 to the UAE Dirham

    Selling: Rs 62.50 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.

    Pakistani Rupee to UAE Dirham on October 17, 2022

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    Pakistani Rupee to Canadian Dollar on October 18, 2022

    KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on October 18, 2022:

    Buying: Rs 161.50 to the Canadian Dollar

    Selling: Rs 163.50 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.

    Pakistani Rupee to Canadian Dollar on October 17, 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 falls to dollar in interbank on Oct 17, 2022

    PKR falls to dollar in interbank on Oct 17, 2022

    KARACHI: Pakistan Rupee (PKR) lost another 46 paisas against the dollar interbank foreign exchange market on Monday owing to higher import demand and falling foreign exchange reserves.

    The exchange rate witnessed 46 paisas fall in rupee value to end at PKR 218.89 to the dollar from last Friday’s closing of PKR 218.43 in the interbank foreign exchange market.

    READ MORE: PKR falls against dollar on depleting forex reserves

    Currency experts said that the local currency was under pressure during the day due to rising dollar demand for import payments and falling foreign exchange reserves.

    The dollar rebounded on October 12, 2022 after making a losing streak for straight 13 sessions to the rupee.

    The exchange rate reached to near record low of PKR 239.71 on September 22, 2022 to the dollar but ended at PKR 217.79 on October 10, 2022. Dar recently claimed that the actual value of the dollar is below PKR 200 and he vowed to bring it down.

    READ MORE: Dollar ends up to PKR 218.38 in interbank on Oct 13, 2022

    The rupee hit all-time low of PKR 239.94 against the dollar on July 28, 2022.

    Pakistan’s foreign exchange reserves continued to decline and depleted by $342 million to $13.247 billion by week ended October 07, 2022. The foreign exchange reserves of the country were at $13.589 billion a week ago i.e. September 30, 2022.

    READ MORE: Dollar ends 13-day losing streak; ends at PKR 217.88

    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 $13.981 billion.

    They said that the rupee had made gain during the past couple of weeks due to various measures taken by the central bank to curb the dollar hoarding.

    READ MORE: PKR maintains winning streak to dollar for 13th straight session

  • Rupee sinks to PKR 219.11 to dollar in early interbank trading

    Rupee sinks to PKR 219.11 to dollar in early interbank trading

    KARACHI: The Pakistan Rupee (PKR) fell to PKR 219.11 against the dollar in early trading at interbank foreign exchange market on Monday.

    The exchange rate witnessed a decline of 68 paisas in rupee value as the foreign currency is being traded at PKR 219.11 from last Friday’s closing of PKR 218.43 in the interbank foreign currency market.

    READ MORE: PKR falls against dollar on depleting forex reserves

    Currency experts said that the local currency was under immense pressure due to higher import payment demand and repayment against foreign debt.

    The dollar rebounded on October 12, 2022 after making a losing streak for straight 13 sessions to the rupee.

    READ MORE: Dollar ends up to PKR 218.38 in interbank on Oct 13, 2022

    The exchange rate reached to near record low of PKR 239.71 on September 22, 2022 to the dollar but ended at PKR 217.79 on October 10, 2022. Dar recently claimed that the actual value of the dollar is below PKR 200 and he vowed to bring it down.

    The rupee hit all-time low of PKR 239.94 against the dollar on July 28, 2022.

    Currency experts said that the rising dollar demand was due to falling foreign exchange reserves and increasing import payments.

    READ MORE: Dollar ends 13-day losing streak; ends at PKR 217.88

    Pakistan’s foreign exchange reserves continued to decline and depleted by $342 million to $13.247 billion by week ended October 07, 2022. The foreign exchange reserves of the country were at $13.589 billion a week ago i.e. September 30, 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 $13.981 billion.

    They said that the rupee had made gain during the past couple of weeks due to various measures taken by the central bank to curb the dollar hoarding.

    READ MORE: PKR maintains winning streak to dollar for 13th straight session