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Tag: US Dollar

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

    PKR maintains winning streak to dollar for 13th straight session

    KARACHI: Pakistani Rupee (PKR) continued its winning streak against the US dollar for 13th straight session on Tuesday.

    The exchange rate recorded 18 paisas gain in the rupee value to end at PKR 217.79 from previous day’s closing of PKR 217.97 in interbank foreign exchange market.

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

    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 11th session; dollar falls to PKR 219.92

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

    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: PKR recovers against dollar for ninth consecutive session

    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.

  • Dollar falls to PKR 217 in early interbank trading on Oct 11, 2022

    Dollar falls to PKR 217 in early interbank trading on Oct 11, 2022

    KARACHI: The US dollar plummeted to Pakistani Rupee (PKR) at 217 in early trading at interbank foreign exchange market on Tuesday, October 11, 2022.

    The foreign currency lost 97 paisas against the local unit to trade at PKR 217 in early trade as compared with last day’s closing of 217.97 in the interbank foreign exchange market.

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

    A day earlier, the local currency gained PKR 21.74 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 217.97 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 local unit gained PKR 1.95 to end at PKR 217.97 to the dollar from last Friday’s closing of PKR 219.92 in the interbank foreign exchange market.

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

    The experts further 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: Dollar weakens by PKR 17.77 in 10 sessions amid tight monitoring on transactions

    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: PKR recovers against dollar for ninth consecutive session

    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 11, 2022

    Pakistani Rupee to US Dollar on October 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 October 11, 2022:

    Buying: Rs 216.50 to the US Dollar

    Selling: Rs 218.50 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.

    Pakistani Rupee to US Dollar on October 10, 2022

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    Pakistani Rupee to Saudi Riyal on October 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 October 11, 2022:

    Buying: Rs 57.80 to the Saudi Riyal

    Selling: Rs 58.50 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 10, 2022

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    Pakistani Rupee to Euro on October 11, 2022

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

    Buying: Rs 211.00 to the Euro

    Selling: Rs 213.00 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 10, 2022

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    Pakistani Rupee to UK Pound Sterling on October 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 October 11, 2022:

    Buying: Rs 241.00 to the UK Pound Sterling

    Selling: Rs 243.50 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 10, 2022

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    Pakistani Rupee to UAE Dirham on October 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 October 11, 2022:

    Buying: Rs 59.50 to the UAE Dirham

    Selling: Rs 60.50 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 10, 2022

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    Pakistani Rupee to Canadian Dollar on October 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 October 11, 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 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.

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

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

    KARACHI: Pakistani Rupee (PKR) made gain against the US dollar for 12th consecutive session on Monday in interbank foreign exchange market.

    The local currency gained PKR 21.74 against the dollar during the last twelve straight sessions.

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

    The exchange rate reached to near record low of PKR 239.71 on September 22, 2022 to the dollar but ended at PKR 217.97 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 local unit gained PKR 1.95 to end at PKR 217.97 to the dollar from last Friday’s closing of PKR 219.92 in the interbank foreign exchange market.

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

    The experts further 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: PKR recovers against dollar for ninth consecutive session

    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: PKR maintains winning streak against dollar on 8th straight session

    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.

  • Dollar slips to PKR 218.35 in early interbank trading on Oct 10, 2022

    Dollar slips to PKR 218.35 in early interbank trading on Oct 10, 2022

    KARACHI: The US dollar slipped to Pakistani Rupee (PKR) by 1.57 to PKR 218.35 in early day trade on Monday October 10, 2022 in interbank foreign exchange market.

    The dollar is being traded at PKR 218.35 as compared with last Friday’s closing of PKR 219.92 in interbank foreign exchange market.

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

    The exchange rate witnessed an appreciation of 19.79 in rupee value against the dollar during the last 11 straight sessions ended on Friday October 7, 2022.

    The exchange rate reached to near record low of PKR 239.71 on September 22, 2022 to the dollar but ended at PKR 219.92 on October 07, 2022. Dar recently claimed that the actual value of the dollar is below PKR 200 and he vowed to bring it down.

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

    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: PKR recovers against dollar for ninth consecutive session

    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: PKR maintains winning streak against dollar on 8th straight session

    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 10, 2022

    Pakistani Rupee to US Dollar on October 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 October 10, 2022:

    Buying: Rs 218.50 to the US Dollar

    Selling: Rs 220.50 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.

    Pakistani Rupee to US Dollar on October 07, 2022

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    Pakistani Rupee to Saudi Riyal on October 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 October 10, 2022:

    Buying: Rs 58.20 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 07, 2022

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    Pakistani Rupee to Euro on October 10, 2022

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

    Buying: Rs 213.00 to the Euro

    Selling: Rs 216.00 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 07, 2022

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    Pakistani Rupee to UK Pound Sterling on October 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 October 10, 2022:

    Buying: Rs 243.00 to the UK Pound Sterling

    Selling: Rs 248.00 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 09, 2022

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    Pakistani Rupee to UAE Dirham on October 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 October 10, 2022:

    Buying: Rs 59.80 to the UAE Dirham

    Selling: Rs 60.50 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 09, 2022

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    Pakistani Rupee to Canadian Dollar on October 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 October 10, 2022:

    Buying: Rs 159.00 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 07, 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 09, 2022

    Pakistani Rupee to US Dollar on October 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 October 09, 2022:

    Buying: Rs 218.50 to the US Dollar

    Selling: Rs 220.50 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.

    Pakistani Rupee to US Dollar on October 07, 2022

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    Pakistani Rupee to Canadian Dollar on October 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 October 09, 2022:

    Buying: Rs 159.00 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 07, 2022

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    Pakistani Rupee to UAE Dirham on October 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 October 09, 2022:

    Buying: Rs 59.80 to the UAE Dirham

    Selling: Rs 60.50 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 07, 2022

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    Pakistani Rupee to UK Pound Sterling on October 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 October 09, 2022:

    Buying: Rs 243.00 to the UK Pound Sterling

    Selling: Rs 248.00 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 07, 2022

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    Pakistani Rupee to Euro on October 09, 2022

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

    Buying: Rs 213.00 to the Euro

    Selling: Rs 216.20 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 07, 2022

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    Pakistani Rupee to Saudi Riyal on October 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 October 09, 2022:

    Buying: Rs 58.20 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 07, 2022

    ————————————————-

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

  • Rupee gains for 11th session; dollar falls to PKR 219.92

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

    KARACHI: Pakistani Rupee (PKR) continued appreciation against the dollar for 11th straight session on Friday as the exchange rate ended at PKR 219.92.

    The rupee gained PKR 2.02 to end at PKR 219.92 to the dollar from previous day’s closing of PKR 221.94 in the interbank foreign exchange market.

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

    The exchange rate witnessed an appreciation of 19.79 in rupee value against the dollar during the last 11 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 219.92 on October 07, 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 recovers against dollar for ninth consecutive session

    The experts further 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: PKR maintains winning streak against dollar on 8th straight session

    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: PKR continues upward journey for seventh consecutive session against dollar

    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.

  • Dollar falls below PKR 220 in early interbank trading

    Dollar falls below PKR 220 in early interbank trading

    KARACHI: The sharp decline in the US dollar against the Pakistan Rupee (PKR) continued on Friday as the foreign currency fell below PKR 220 in early trading in interbank foreign exchange market.

    The dollar is being traded at PKR 219.81. So far in early trade the greenback lost PKR 2.13 as the exchange rate ended at PKR 221.91 a day earlier in the interbank foreign exchange market.

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

    Currency experts said that the emphasis of the finance minister regarding the actual value of the dollar was impacting the market.

    Finance Minister Ishaq Dar a day earlier once again stated that the local currency was undervalued and the actual value of the dollar was below PKR 200.

    A day earlier the US dollar weakened against the PKR for the 10th consecutive sessions on Thursday amid tight monitoring of foreign currency transactions.

    The exchange rate witnessed an appreciation of 17.77 in rupee value against the dollar during the last 10 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 221.94 on October 06, 2022.

    READ MORE: PKR maintains winning streak against dollar on 8th straight session

    Currency experts 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: PKR continues upward journey for seventh consecutive session against dollar

    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.

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

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

    READ MORE: Rupee gains for sixth straight session against dollar; recovers PKR 11.26

  • Pakistani Rupee to US Dollar on October 07, 2022

    Pakistani Rupee to US Dollar on October 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 October 07, 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 06, 2022

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    Pakistani Rupee to Saudi Riyal on October 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 October 07, 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 06, 2022

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    Pakistani Rupee to Euro on October 07, 2022

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

    Buying: Rs 218.00 to the Euro

    Selling: Rs 220.20 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 06, 2022

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    Pakistani Rupee to UK Pound Sterling on October 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 October 07, 2022:

    Buying: Rs 250.00 to the UK Pound Sterling

    Selling: Rs 253.00 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 06, 2022

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    Pakistani Rupee to UAE Dirham on October 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 October 07, 2022:

    Buying: Rs 60.00 to the UAE Dirham

    Selling: Rs 61.00 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 06, 2022

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    Pakistani Rupee to Canadian Dollar on October 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 October 07, 2022:

    Buying: Rs 162.00 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 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.