Pkrevenue.com

Tag: US Dollar

  • Pakistani Rupee to US Dollar on October 16, 2022

    Pakistani Rupee to US Dollar on October 16, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on October 16, 2022:

    Buying: Rs 221.50 to the US Dollar

    Selling: Rs 223.20 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 15, 2022

    ————————————————-

    Pakistani Rupee to Canadian Dollar on October 16, 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 16, 2022:

    Buying: Rs 160.00 to the Canadian Dollar

    Selling: Rs 162.00 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 15, 2022

    ————————————————-

    Pakistani Rupee to UAE Dirham on October 16, 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 16, 2022:

    Buying: Rs 61.00 to the UAE Dirham

    Selling: Rs 62.00 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.

    Pakistani Rupee to UAE Dirham on October 15, 2022

    ————————————————-

    Pakistani Rupee to UK Pound Sterling on October 16, 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 16, 2022:

    Buying: Rs 250.00 to the UK Pound Sterling

    Selling: Rs 252.50 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 15, 2022

    ————————————————-

    Pakistani Rupee to Euro on October 16, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on October 16, 2022:

    Buying: Rs 217.50 to the Euro

    Selling: Rs 219.70 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 15, 2022

    ————————————————-

    Pakistani Rupee to Saudi Riyal on October 16, 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 16, 2022:

    Buying: Rs 60.00 to the Saudi Riyal

    Selling: Rs 61.00 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 15, 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.

  • Pakistani Rupee to US Dollar on October 15, 2022

    Pakistani Rupee to US Dollar on October 15, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on October 15, 2022:

    Buying: Rs 220.70 to the US Dollar

    Selling: Rs 222.90 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 14, 2022

    ————————————————-

    Pakistani Rupee to Saudi Riyal on October 15, 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 15, 2022:

    Buying: Rs 59.30 to the Saudi Riyal

    Selling: Rs 60.30 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 14, 2022

    ————————————————-

    Pakistani Rupee to Euro on October 15, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on October 15, 2022:

    Buying: Rs 217.00 to the Euro

    Selling: Rs 219.20 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 14, 2022

    ————————————————-

    Pakistani Rupee to UK Pound Sterling on October 15, 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 15, 2022:

    Buying: Rs 251.00 to the UK Pound Sterling

    Selling: Rs 253.50 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 14, 2022

    ————————————————-

    Pakistani Rupee to UAE Dirham on October 15, 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 15, 2022:

    Buying: Rs 60.60 to the UAE Dirham

    Selling: Rs 61.60 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 14, 2022

    ————————————————-

    Pakistani Rupee to Canadian Dollar on October 15, 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 15, 2022:

    Buying: Rs 162.00 to the Canadian Dollar

    Selling: Rs 164.00 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 14, 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 falls against dollar on depleting forex reserves

    PKR falls against dollar on depleting forex reserves

    KARACHI: Pakistani Rupee (PKR) on Friday weakened by five paisas against the dollar on Friday owing to falling foreign exchange reserves.

    The exchange rate ended PKR 218.43 to the dollar from previous day’s closing of PKR 218.37 in the interbank foreign exchange market.

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

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

    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 13-day losing streak; ends at PKR 217.88

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

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

    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: Rupee gains for 12th straight session; dollar ends at PKR 217.97

  • Dollar climbs up to PKR 219.38 in early interbank trading

    Dollar climbs up to PKR 219.38 in early interbank trading

    KARACHI: The US dollar climbed up against the Pakistani Rupee (PKR) to reach PKR 219.38 in early day trading at interbank foreign exchange market on Friday.

    The foreign currency gained PKR 1 to trade at PKR 219.38 from previous day’s closing of PKR 218.38 in interbank foreign exchange market.

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

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

    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 13-day losing streak; ends at PKR 217.88

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

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

    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: Rupee gains for 12th straight session; dollar ends at PKR 217.97

  • Pakistani Rupee to US Dollar on October 14, 2022

    Pakistani Rupee to US Dollar on October 14, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on October 14, 2022:

    Buying: Rs 221.00 to the US Dollar

    Selling: Rs 223.00 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 13, 2022

    ————————————————-

    Pakistani Rupee to Saudi Riyal on October 14, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on October 14, 2022:

    Buying: Rs 59.00 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 13, 2022

    ————————————————-

    Pakistani Rupee to Euro on October 14, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on October 14, 2022:

    Buying: Rs 216.00 to the Euro

    Selling: Rs 219.00 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 13, 2022

    ————————————————-

    Pakistani Rupee to UK Pound Sterling on October 14, 2022

    KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on October 14, 2022:

    Buying: Rs 247.00 to the UK Pound Sterling

    Selling: Rs 250.00 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 13, 2022

    ————————————————-

    Pakistani Rupee to UAE Dirham on October 14, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on October 14, 2022:

    Buying: Rs 60.50 to the UAE Dirham

    Selling: Rs 61.50 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 13, 2022

    ————————————————-

    Pakistani Rupee to Canadian Dollar on October 14, 2022

    KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on October 14, 2022:

    Buying: Rs 161.00 to the Canadian Dollar

    Selling: Rs 163.00 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 13, 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.

  • Dollar ends up to PKR 218.38 in interbank on Oct 13, 2022

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

    KARACHI: The US dollar gained 50 paisas against the Pakistani Rupee (PKR) on Thursday amid demand for import payments and lower foreign exchange reserves.

    The exchange rate recorded 50 paisas decline in rupee value to end at PKR 218.38 to the dollar from previous day’s closing of PKR 217.88 in the interbank foreign exchange market.

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

    Currency experts said that the high import payment demand and lower foreign exchange reserves had starting pressure on the local unit.

    It was second straight day when the dollar had made recovery after falling for 13 straight sessions.

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

    The experts 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.

    They said that tight monitoring of the State Bank of Pakistan (SBP) on foreign currency transactions helped the rupee to make gain.

    Recently, the SBP had amended foreign exchange regulations with an objective to promote documentation and transparency in the foreign exchange transactions between exchange companies.

    In terms of revised regulations, it has been made mandatory for Exchange Companies, Franchises of Exchange Companies and Exchange Companies of ‘B’ Category to settle Pakistan Rupee consideration of all foreign currency purchase/ sale transactions conducted among themselves through their bank accounts.

    READ MORE: Rupee gains for 12th straight session; dollar ends at PKR 217.97

    Besides, stress has been laid on ensuring that CCTV Systems of Exchange Companies and Exchange Companies of ‘B’ Category should be functional at all times (i.e. 24 hours a day and 7 days a week) as required under existing regulations.

    However, in order to ensure transparency, it has been advised that Exchange Companies and Exchange Companies of ‘B’ Category shall not carry out any business activity during the period in which CCTV system is non-functional at any of their outlet for any reason, including technical faults, until the functionality of the CCTV system is restored.

    READ MORE: Rupee gains for 11th session; dollar falls to PKR 219.92

    Moreover, minimum preservation period of video recording through CCTV system has been enhanced from two to six months or until the inspection of the company by SBP, whichever is earlier.

    This would ensure availability of CCTV recording for audit/inspection purposes, according to the SBP.

    Meanwhile, the international oil prices also softened which helped the rupee to make gains.

    The local currency witnessed the historic low at PKR 239.94 to the dollar on July 28, 2022.

  • Pakistani Rupee to US Dollar on October 13, 2022

    Pakistani Rupee to US Dollar on October 13, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on October 13, 2022:

    Buying: Rs 218.00 to the US Dollar

    Selling: Rs 220.00 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 12, 2022

    ————————————————-

    Pakistani Rupee to Canadian Dollar on October 13, 2022

    KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on October 13, 2022:

    Buying: Rs 158.00 to the Canadian Dollar

    Selling: Rs 160.00 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 12, 2022

    ————————————————-

    Pakistani Rupee to UAE Dirham on October 13, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on October 13, 2022:

    Buying: Rs 59.40 to the UAE Dirham

    Selling: Rs 60.40 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.

    Pakistani Rupee to UAE Dirham on October 12, 2022

    ————————————————-

    Pakistani Rupee to UK Pound Sterling on October 13, 2022

    KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on October 13, 2022:

    Buying: Rs 242.00 to the UK Pound Sterling

    Selling: Rs 244.50 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 12, 2022

    ————————————————-

    Pakistani Rupee to Euro on October 13, 2022

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

    Buying: Rs 212.00 to the Euro

    Selling: Rs 214.50 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.

    Pakistani Rupee to Euro on October 12, 2022

    ————————————————-

    Pakistani Rupee to Saudi Riyal on October 13, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on October 13, 2022:

    Buying: Rs 58.00 to the Saudi Riyal

    Selling: Rs 59.00 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 12, 2022

    ————————————————-

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.

  • Dollar ends 13-day losing streak; ends at PKR 217.88

    Dollar ends 13-day losing streak; ends at PKR 217.88

    KARACHI: The US dollar ended its losing streak against the Pakistani Rupee (PKR) in interbank foreign exchange market on Wednesday.

    The exchange rate ended with fall of nine paisas in rupee value to end at PKR 217.88 to the dollar from previous day’s closing of PKR 217.79 in the interbank foreign exchange market.

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

    A day earlier, the local currency gained PKR 21.92 against the dollar during the last twelve straight sessions.

    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.

    Experts further said that tight monitoring of the State Bank of Pakistan (SBP) on foreign currency transactions helped the rupee to make gain.

    READ MORE: Rupee gains for 12th straight session; dollar ends at PKR 217.97

    Recently, the SBP had amended foreign exchange regulations with an objective to promote documentation and transparency in the foreign exchange transactions between exchange companies.

    In terms of revised regulations, it has been made mandatory for Exchange Companies, Franchises of Exchange Companies and Exchange Companies of ‘B’ Category to settle Pakistan Rupee consideration of all foreign currency purchase/ sale transactions conducted among themselves through their bank accounts.

    Besides, stress has been laid on ensuring that CCTV Systems of Exchange Companies and Exchange Companies of ‘B’ Category should be functional at all times (i.e. 24 hours a day and 7 days a week) as required under existing regulations.

    READ MORE: Rupee gains for 11th session; dollar falls to PKR 219.92

    However, in order to ensure transparency, it has been advised that Exchange Companies and Exchange Companies of ‘B’ Category shall not carry out any business activity during the period in which CCTV system is non-functional at any of their outlet for any reason, including technical faults, until the functionality of the CCTV system is restored.

    Moreover, minimum preservation period of video recording through CCTV system has been enhanced from two to six months or until the inspection of the company by SBP, whichever is earlier.

    READ MORE: Dollar weakens by PKR 17.77 in 10 sessions amid tight monitoring on transactions

    This would ensure availability of CCTV recording for audit/inspection purposes, according to the SBP.

    Meanwhile, the international oil prices also softened which helped the rupee to make gains.

    The local currency witnessed the historic low at PKR 239.94 to the dollar on July 28, 2022.

  • Pakistan amends baggage rules; now $1,000 require declaration

    Pakistan amends baggage rules; now $1,000 require declaration

    ISLAMABAD: Pakistan has amended baggage rules to make currency declaration of an amount $1,000 while taking out of the country to Afghanistan.

    However, new slabs of currency declaration on the basis of age have also been announced.

    The Federal Board of Revenue (FBR) issued SRO 1864(I)/2022 dated October 10, 2022 to make changes in the Baggage Rules, 2006.

    READ MORE: PTBA raises objections to amendments proposed by FBR

    As per the new changes to the baggage rules, the outbound passenger, for all countries except Afghanistan, without prejudice to his entitlement of taking out of Pakistan $1,000 up to the age of 5 years, $5,000 above 5 years, up to 18 years and $10,000 above the age of 18 years, while taking out of Pakistan foreign currency exceeding $5,000 or equivalent, or any other prohibited or restricted item, shall file a declaration before or on departure, electronically in the WeBOC or pass track or manually at the airport.

    READ MORE: Pakistan’s tax to GDP ratio improves to 9.2 per cent in FY22: FBR

    The FBR said that the persons travelling to Afghanistan, while having entitlement of $1,000, shall file a declaration of currency in their possession.

    The incoming passenger when in possession of foreign currency exceeding $10,000 or equivalent, or any other prohibited or restricted item, shall also file a declaration.

    READ MORE: Pakistan customs seals over 1,600 illegal petrol pumps during FY22

    The FBR said that the declaration is also must for passengers carrying: Prohibited or restricted goods such as arms & ammunitions, narcotics, psychotropic substances or satellite phones etc; and gold and precious metals, jewelry, precious or semi-precious stones.

    The declaration of foreign currency in US $/ Bearer Negotiable Instrument or equivalent is mandatory for outbound passengers to all countries except Afghanistan, taking out amount exceeding $5,000 or equivalent;

    READ MORE: FBR directs IR offices to avoid recovery in pending appeals

    For passengers traveling to Afghanistan, taking out cash foreign currencies US $ or equivalent; and Incoming passengers bringing into Pakistan amount exceeding $ 10,000 or equivalent.

  • Pakistani Rupee to US Dollar on October 12, 2022

    Pakistani Rupee to US Dollar on October 12, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on October 12, 2022:

    Buying: Rs 217.00 to the US Dollar

    Selling: Rs 219.00 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 11, 2022

    ————————————————-

    Pakistani Rupee to Saudi Riyal on October 12, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on October 12, 2022:

    Buying: Rs 57.50 to the Saudi Riyal

    Selling: Rs 58.20 to the Saudi Riyal

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

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

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

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

    Pakistani Rupee to Saudi Riyal on October 11, 2022

    ————————————————-

    Pakistani Rupee to Euro on October 12, 2022

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

    Buying: Rs 210.00 to the Euro

    Selling: Rs 212.50 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.

    Pakistani Rupee to Euro on October 11, 2022

    ————————————————-

    Pakistani Rupee to UK Pound Sterling on October 12, 2022

    KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on October 12, 2022:

    Buying: Rs 239.00 to the UK Pound Sterling

    Selling: Rs 242.00 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 11, 2022

    ————————————————-

    Pakistani Rupee to UAE Dirham on October 12, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on October 12, 2022:

    Buying: Rs 59.00 to the UAE Dirham

    Selling: Rs 59.80 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 11, 2022

    ————————————————-

    Pakistani Rupee to Canadian Dollar on October 12, 2022

    KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on October 12, 2022:

    Buying: Rs 156.00 to the Canadian Dollar

    Selling: Rs 158.00 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 11, 2022

    ————————————————-

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.