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Tag: US Dollar

  • Pakistani Rupee to US Dollar on September 11, 2022

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

    Buying: Rs 232.00 to the US Dollar

    Selling: Rs 234.00 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 08:00 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 September 10, 2022

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    Pakistani Rupee to Canadian Dollar on September 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 September 11, 2022:

    Buying: Rs 180.00 to the Canadian Dollar

    Selling: Rs 182.00 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 08:00 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 September 10, 2022

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

    Buying: Rs 64.00 to the UAE Dirham

    Selling: Rs 64.64 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 08:00 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 September 10, 2022

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

    Buying: Rs 272.00 to the UK Pound Sterling

    Selling: Rs 274.70 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 08:00 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 September 10, 2022

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    Pakistani Rupee to Euro on September 11, 2022

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

    Buying: Rs 236.00 to the Euro

    Selling: Rs 238.30 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 08:00 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 September 10, 2022

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

    Buying: Rs 62.50 to the Saudi Riyal

    Selling: Rs 63.12 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 08:00 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 September 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.

  • Pakistani Rupee to US Dollar on September 10, 2022

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

    Buying: Rs 232.50 to the US Dollar

    Selling: Rs 234.50 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 08:00 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 September 09, 2022

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

    Buying: Rs 178.00 to the Canadian Dollar

    Selling: Rs 180.00 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 08:00 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 September 09, 2022

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

    Buying: Rs 63.50 to the UAE Dirham

    Selling: Rs 64.20 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 08:00 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 September 09, 2022

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

    Buying: Rs 272.00 to the UK Pound Sterling

    Selling: Rs 274.70 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 08:00 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 September 09, 2022

    ————————————————-

    Pakistani Rupee to Euro on September 10, 2022

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

    Buying: Rs 234.00 to the Euro

    Selling: Rs 236.30 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 08:00 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 September 09, 2022

    ————————————————-

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

    Buying: Rs 62.00 to the Saudi Riyal

    Selling: Rs 62.70 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 08:00 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 September 09, 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 weakens sixth straight day; dollar ends PKR 228.18

    Rupee weakens sixth straight day; dollar ends PKR 228.18

    KARACHI: The Pakistani Rupee (PKR) weakened for the sixth straight day as the US dollar ended PKR 228.18 closing of interbank foreign exchange market on Friday.

    The exchange rate recorded a decline of Rs2.76 in rupee value to end at Rs228.18 to the dollar from previous day’s closing of Rs225.42 in the interbank foreign exchange market.

    READ MORE: Pakistani Rupee weakens; Dollar jumps to PKR 225.42 at interbank

    The rupee has witnessed a continuous depreciation against the greenback even after the inflows received from the International Monetary Fund (IMF). The local currency has recorded Rs9.58 against the foreign currency during the past six sessions. The local unit was at Rs218.60 to the dollar on September 01, 2022.

    It is worth mentioning that Pakistan received $1.1 billion from the IMF under Extended Fund Facility (EFF) on August 31, 2022 following the executive board of the IMF approved the loan program on August 29, 2022.

    READ MORE: Dollar strengthens to PKR 223.42 at interbank closing

    Currency experts said that the rupee was under immense pressure due to high import payment demand and losses to the economy due to floods.

    They said that high import payments by end of this quarter and corporate payments put pressure on the rupee value.

    The rupee fell to the record low of Rs239.94 to the dollar on July 28, 2022.

    READ MORE: Dollar continues upward journey; ends at PKR 221.42 in interbank

    The rupee made some recovery against the greenback after the IMF fund was transferred to the State Bank of Pakistan (SBP). However, the removal of sanction on import of luxury and non-essential items the rupee again started free fall.

    The currency experts said that although the IMF inflows would help the further inflows under bilateral and multilateral sources. However, the devastation of floods has changed the economic environment scenario.

    READ MORE: Dollar ends up to PKR 219.86 on September 05, 2022

    The torrential rains and flash floods have inflicted a loss of $10 billion to Pakistan’s economy. The devastation will prompt the country to make imports in the coming days, especially for agriculture products. The rupee also fell due to continuous depletion in foreign exchange reserves of the country.

  • Pakistani Rupee to US Dollar on September 09, 2022

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

    Buying: Rs 232.00 to the US Dollar

    Selling: Rs 233.00 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 September 08, 2022

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

    Buying: Rs 61.20 to the Saudi Riyal

    Selling: Rs 61.70 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 September 08, 2022

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    Pakistani Rupee to Euro on September 09, 2022

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

    Buying: Rs 231.00 to the Euro

    Selling: Rs 234.50 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 September 08, 2022

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

    Buying: Rs 267.00 to the UK Pound Sterling

    Selling: Rs 271.50 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 September 08, 2022

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

    Buying: Rs 62.70 to the UAE Dirham

    Selling: Rs 63.30 to the UAE Dirham

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

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

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

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

    Pakistani Rupee to UAE Dirham on September 08, 2022

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

    Buying: Rs 175.00 to the Canadian Dollar

    Selling: Rs 178.00 to the Canadian Dollar

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

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

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

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

    Pakistani Rupee to Canadian Dollar on September 08, 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 weakens; Dollar jumps to PKR 225.42 at interbank

    Pakistani Rupee weakens; Dollar jumps to PKR 225.42 at interbank

    KARACHI: Pakistani Rupee (PKR) continued to weaken against the dollar and lost Rs2 on Thursday to end the exchange rate at Rs225.42 in interbank foreign exchange market.

    The exchange rate recorded a depreciation of Rs2 to Rs225.42 in rupee value against the dollar from previous day’s closing of Rs223.42 in the interbank foreign exchange market.

    READ MORE: Dollar strengthens to PKR 223.42 at interbank closing

    Currency experts said that the rupee was under immense pressure due to high dollar demand for import payment.

    They said that the floods played havoc to Pakistan economy. The country suffered about $10 billion losses due to the floods.

    The experts said that the high imports are l likely due to the devastation of standing crops and other human losses.

    It is pertinent to mention that the rupee fell to the record low at Rs239.94 against the dollar on July 28, 2022.

    READ MORE: Dollar continues upward journey; ends at PKR 221.42 in interbank

    The rupee made some recovery against the greenback after the IMF fund was transferred to the State Bank of Pakistan (SBP). However, the removal of sanction on import of luxury and non-essential items the rupee again started free fall.

    It is worth mentioning that the rupee made recovery during the last week owing to inflows of $1.16 billion from the International Monetary Fund (IMF).

    The IMF executive board on August 29 approved seventh and eighth review for Pakistan and allowed transfer of $1.1 billion as tranche, which was received by the State Bank of Pakistan (SBP) on August 31, 2022.

    The currency experts said that although the IMF inflows would help the further inflows under bilateral and multilateral sources. However, the devastation of floods has changed the economic environment scenario.

    The torrential rains and flash floods have inflicted a loss of $10 billion to Pakistan’s economy.

    The devastation will prompt the country to make imports in the coming days, especially for agriculture products.

    The rupee also fell due to continuous depletion in foreign exchange reserves of the country.

    The foreign exchange (FX) reserves of Pakistan have declined by $119 million to $13.40 billion by the week ended August 26, 2022. The foreign exchange reserves of the country were at $13.522 billion by the week ended August 19, 2022.

    READ MORE: Dollar ends up to PKR 219.86 on September 05, 2022

    The country’s foreign exchange reserves hit an all-time high of $27.228 billion on August 27, 2021. Since then the foreign exchange reserves have declined by $13.825 billion.

    The official foreign exchange reserves of the State Bank witnessed a decline of $113 million to $7.697 billion by the week ended August 26, 2022 as against $7.810 billion a week ago.

    The foreign exchange reserves held by the central bank witnessed a record high at $20.146 billion by the week ended August 27, 2021. Since then the official reserves of the SBP dropped by $12.449 billion.

    READ MORE: Dollar jumps to PKR 218.98 at interbank closing on Sept 02, 2022

    The central bank however said it had received proceeds of $1.16 billion (equivalent of SDR 894 million) from IMF under the Extended Fund Facility (EFF) on August 31, 2022 which would be included in SBP’s foreign exchange reserve position for the week ending on September 02, 2022.

  • Pakistani Rupee to US Dollar on September 08, 2022

    Pakistani Rupee to US Dollar on September 08, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on September 08, 2022:

    Buying: Rs 231.00 to the US Dollar

    Selling: Rs 233.00 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 07:00 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 September 07, 2022

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    Pakistani Rupee to Saudi Riyal on September 08, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on September 08, 2022:

    Buying: Rs 61.50 to the Saudi Riyal

    Selling: Rs 63.00 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 07:00 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 September 07, 2022

    ————————————————-

    Pakistani Rupee to Euro on September 08, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on September 08, 2022:

    Buying: Rs 229.80 to the Euro

    Selling: Rs 234.80 to the Euro

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

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

    The rate has been updated at 07:00 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 September 07, 2022

    ————————————————-

    Pakistani Rupee to UK Pound Sterling on September 08, 2022

    KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on September 08, 2022:

    Buying: Rs 265.50 to the UK Pound Sterling

    Selling: Rs 272.00 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 07:00 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 September 07, 2022

    ————————————————-

    Pakistani Rupee to UAE Dirham on September 08, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on September 08, 2022:

    Buying: Rs 63.50 to the UAE Dirham

    Selling: Rs 65.50 to the UAE Dirham

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

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

    The rate has been updated at 07:00 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 September 07, 2022

    ————————————————-

    Pakistani Rupee to Canadian Dollar on September 08, 2022

    KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on September 08, 2022:

    Buying: Rs 175.00 to the Canadian Dollar

    Selling: Rs 179.50 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 07:00 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 September 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.

  • Dollar strengthens to PKR 223.42 at interbank closing

    Dollar strengthens to PKR 223.42 at interbank closing

    KARACHI: The US dollar maintained upward momentum against the Pakistani Rupee (PKR) on Wednesday and ended at PKR 223.42 at interbank foreign exchange market.

    The exchange rate recorded a decline of Rs2 in rupee value to end at Rs223.42 against the dollar from previous day’s closing of Rs221.42 in the interbank foreign exchange market.

    READ MORE: Dollar continues upward journey; ends at PKR 221.42 in interbank

    It is pertinent to mention that the rupee fell to the record low at Rs239.94 against the dollar on July 28, 2022.

    The rupee made some recovery against the greenback after the IMF fund was transferred to the State Bank of Pakistan (SBP). However, the removal of sanction on import of luxury and non-essential items the rupee again started free fall.

    It is worth mentioning that the rupee made recovery during the last week owing to inflows of $1.16 billion from the International Monetary Fund (IMF).

    READ MORE: Dollar ends up to PKR 219.86 on September 05, 2022

    The IMF executive board on August 29 approved seventh and eighth review for Pakistan and allowed transfer of $1.1 billion as tranche, which was received by the State Bank of Pakistan (SBP) on August 31, 2022.

    The currency experts said that although the IMF inflows would help the further inflows under bilateral and multilateral sources. However, the devastation of floods has changed the economic environment scenario.

    The torrential rains and flash floods have inflicted a loss of $10 billion to Pakistan’s economy.

    The devastation will prompt the country to make imports in the coming days, especially for agriculture products.

    The rupee also fell due to continuous depletion in foreign exchange reserves of the country.

    The foreign exchange (FX) reserves of Pakistan have declined by $119 million to $13.40 billion by the week ended August 26, 2022. The foreign exchange reserves of the country were at $13.522 billion by the week ended August 19, 2022.

    READ MORE: Dollar jumps to PKR 218.98 at interbank closing on Sept 02, 2022

    The country’s foreign exchange reserves hit an all-time high of $27.228 billion on August 27, 2021. Since then the foreign exchange reserves have declined by $13.825 billion.

    The official foreign exchange reserves of the State Bank witnessed a decline of $113 million to $7.697 billion by the week ended August 26, 2022 as against $7.810 billion a week ago.

    The foreign exchange reserves held by the central bank witnessed a record high at $20.146 billion by the week ended August 27, 2021. Since then the official reserves of the SBP dropped by $12.449 billion.

    The central bank however said it had received proceeds of $1.16 billion (equivalent of SDR 894 million) from IMF under the Extended Fund Facility (EFF) on August 31, 2022 which would be included in SBP’s foreign exchange reserve position for the week ending on September 02, 2022.

    READ MORE: Dollar closes down to PKR 218.60 on September 01, 2022

  • Dollar hits PKR 224.13 in midday interbank trading

    Dollar hits PKR 224.13 in midday interbank trading

    KARACHI: The weakness in Pakistani Rupee (PKR) value continued as the US dollar climbed to PKR 224.13 during midday trading at interbank foreign exchange market.

    The exchange rate so far witnessed a decline of 2.71 in rupee value as dollar is being traded at Rs224.13 as compared with previous day’s closing of Rs221.42 in interbank foreign exchange market.

    READ MORE: Dollar continues upward journey; ends at PKR 221.42 in interbank

    It is pertinent to mention that the rupee fell to the record low at Rs239.94 against the dollar on July 28, 2022.

    The rupee made some recovery against the greenback after the IMF fund was transferred to the State Bank of Pakistan (SBP). However, the removal of sanction on import of luxury and non-essential items the rupee again started free fall.

    It is worth mentioning that the rupee made recovery during the last week owing to inflows of $1.16 billion from the International Monetary Fund (IMF).

    READ MORE: Dollar ends up to PKR 219.86 on September 05, 2022

    The IMF executive board on August 29 approved seventh and eighth review for Pakistan and allowed transfer of $1.1 billion as tranche, which was received by the State Bank of Pakistan (SBP) on August 31, 2022.

    The currency experts said that although the IMF inflows would help the further inflows under bilateral and multilateral sources. However, the devastation of floods has changed the economic environment scenario.

    The torrential rains and flash floods have inflicted a loss of $10 billion to Pakistan’s economy.

    The devastation will prompt the country to make imports in the coming days, especially for agriculture products.

    The rupee also fell due to continuous depletion in foreign exchange reserves of the country.

    The foreign exchange (FX) reserves of Pakistan have declined by $119 million to $13.40 billion by the week ended August 26, 2022. The foreign exchange reserves of the country were at $13.522 billion by the week ended August 19, 2022.

    READ MORE: Dollar jumps to PKR 218.98 at interbank closing on Sept 02, 2022

    The country’s foreign exchange reserves hit an all-time high of $27.228 billion on August 27, 2021. Since then the foreign exchange reserves have declined by $13.825 billion.

    The official foreign exchange reserves of the State Bank witnessed a decline of $113 million to $7.697 billion by the week ended August 26, 2022 as against $7.810 billion a week ago.

    The foreign exchange reserves held by the central bank witnessed a record high at $20.146 billion by the week ended August 27, 2021. Since then the official reserves of the SBP dropped by $12.449 billion.

    The central bank however said it had received proceeds of $1.16 billion (equivalent of SDR 894 million) from IMF under the Extended Fund Facility (EFF) on August 31, 2022 which would be included in SBP’s foreign exchange reserve position for the week ending on September 02, 2022.

    READ MORE: Dollar closes down to PKR 218.60 on September 01, 2022

  • Pakistani Rupee to US Dollar on September 07, 2022

    Pakistani Rupee to US Dollar on September 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 September 07, 2022:

    Buying: Rs 230.00 to the US Dollar

    Selling: Rs 232.00 to the US Dollar

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

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

    The rate has been updated at 07:00 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 September 06, 2022

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    Pakistani Rupee to Saudi Riyal on September 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 September 07, 2022:

    Buying: Rs 61.60 to the Saudi Riyal

    Selling: Rs 63.00 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 07:00 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 September 06, 2022

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    Pakistani Rupee to Euro on September 07, 2022

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

    Buying: Rs 231.00 to the Euro

    Selling: Rs 236.00 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 07:00 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 September 06, 2022

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

    Buying: Rs 269.00 to the UK Pound Sterling

    Selling: Rs 274.00 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 07:00 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 September 06, 2022

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

    Buying: Rs 63.80 to the UAE Dirham

    Selling: Rs 65.00 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 07:00 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 September 06, 2022

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

    Buying: Rs 175.50 to the Canadian Dollar

    Selling: Rs 179.50 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 07:00 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 September 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.

  • Dollar continues upward journey; ends at PKR 221.42 in interbank

    Dollar continues upward journey; ends at PKR 221.42 in interbank

    KARACHI: The US dollar continued its upward journey against Pakistani Rupee (PKR) on Tuesday and ended at Rs221.42 at the closing of interbank foreign exchange market.

    The exchange rate recorded a decline of Rs1.56 in rupee value to end at Rs219.86 to the dollar from previous day’s closing of Rs219.86 in the interbank foreign exchange market.

    READ MORE: Dollar ends up to PKR 219.86 on September 05, 2022

    Currency experts said that the dollar demand remained high during the day due to flood relief related import payments. Besides, due the quarter-end some bulk payments for oil import have also escalated dollar demand.

    Furthermore, the corporate sector is also seeking dollars for repatriating their profits and dividends to their parent companies abroad.

    The rupee fell to the all-time low of Rs239.94 to the dollar on July 28, 2022.

    READ MORE: Dollar jumps to PKR 218.98 at interbank closing on Sept 02, 2022

    It is worth mentioning that the rupee made recovery during the last week owing to inflows of $1.16 billion from the International Monetary Fund (IMF).

    The IMF executive board on August 29 approved seventh and eighth review for Pakistan and allowed transfer of $1.1 billion as tranche, which was received by the State Bank of Pakistan (SBP) on August 31, 2022.

    The currency experts said that although the IMF inflows would help the further inflows under bilateral and multilateral sources. However, the devastation of floods has changed the economic environment scenario.

    READ MORE: Dollar closes down to PKR 218.60 on September 01, 2022

    The torrential rains and flash floods have inflicted a loss of $10 billion to Pakistan’s economy.

    The devastation will prompt the country to make imports in the coming days, especially for agriculture products.

    The rupee also fell due to continuous depletion in foreign exchange reserves of the country.

    The foreign exchange (FX) reserves of Pakistan have declined by $119 million to $13.40 billion by the week ended August 26, 2022. The foreign exchange reserves of the country were at $13.522 billion by the week ended August 19, 2022.

    READ MORE: Dollar slips to PKR 218.75 at interbank closing on August 31, 2022

    The country’s foreign exchange reserves hit an all-time high of $27.228 billion on August 27, 2021. Since then the foreign exchange reserves have declined by $13.825 billion.

    The official foreign exchange reserves of the State Bank witnessed a decline of $113 million to $7.697 billion by the week ended August 26, 2022 as against $7.810 billion a week ago.

    The foreign exchange reserves held by the central bank witnessed a record high at $20.146 billion by the week ended August 27, 2021. Since then the official reserves of the SBP dropped by $12.449 billion.

    The central bank however said it had received proceeds of $1.16 billion (equivalent of SDR 894 million) from IMF under the Extended Fund Facility (EFF) on August 31, 2022 which would be included in SBP’s foreign exchange reserve position for the week ending on September 02, 2022.

    READ MORE: Dollar falls to PKR 220.12 at interbank closing on August 30, 2022