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Tag: US Dollar

  • Dollar ends Rs187.53 at interbank market close

    Dollar ends Rs187.53 at interbank market close

    KARACHI: The US dollar gained 90 paisas against the Pakistan Rupee (PKR) on Monday owing to higher demand for foreign currency as the market opened after weekly holidays.

    The exchange rate ended at Rs187.53 to the dollar from last Friday’s closing of Rs186.63 in the interbank foreign exchange market.

    Currency experts said that the rupee was under pressure during the day due to higher dollar demand for import payments.

    READ MORE: Rupee falls Rs187.50 to dollar at market open

    They said that the market was opened after two weekly holidays which put pressure on the foreign currency demand.

    The rupee hit all-time low at Rs188.18 on April 07, 2022.

    Currency experts said that dollar demand was high at market open because of weekly holidays.

    READ MORE: Rupee falls 94 paisas to dollar in post Eid holidays

    The experts said that the rupee was also under pressure after the prices of crude oil rebounded in the international markets.

    Pakistan is net importer of petroleum products to meet its domestic demand. The country’s import bill was $14.81 billion during first nine months (July – March) 2021/2022 as compared with $7.55 billion in the corresponding period of the last fiscal year, showing a massive growth of 96 per cent. The oil bill is around 25 per cent of the total import bill of country.

    The depleting foreign exchange reserves are also putting pressure on the local currency.

    READ MORE: Dollar gains six paisas against PKR in interbank

    According to details released by the State Bank of Pakistan (SBP), the official reserves of the central bank fell by $328 million to $10.558 billion by week ended April 23, 2022 as compared with $10.886 billion a week ago. The net foreign exchange reserves of the SBP also include $3 billion from Saudi Arabia, which was deposited with the central bank to support balance of payment.

    The foreign exchange reserves of the country fell to $16.668 billion by week ended April 23, 2022 as compared with $17.045 billion by week ended April 16, 2022.

    READ MORE: Rupee gains 24 paisas to dollar in interbank

    Pakistan total import bills recorded an increase of 49 per cent to $58.87 billion during the first nine months of the current fiscal year as compared with $39.49 billion in the corresponding period of the last fiscal year.

    This resulted in huge widening in trade deficit of 70 per cent. The trade deficit of the country swelled to $35.39 billion during first nine months of the current fiscal year as compared with the deficit of $20.8 billion in the corresponding months of the last fiscal year.

    READ MORE: Dollar appreciates 42 paisas against PKR

  • Rupee falls Rs187.50 to dollar at market open

    Rupee falls Rs187.50 to dollar at market open

    KARACHI: The Pakistan Rupee (PKR) fell to Rs187.50 to the US dollar at opening of interbank foreign exchange market on Monday.

    The rupee lost 87 paisas at early in the day and is being traded at Rs187.50 to the dollar from last Friday’s closing of Rs186.63 in the interbank foreign exchange market.

    READ MORE: Rupee falls 94 paisas to dollar in post Eid holidays

    The rupee hit all-time low at Rs188.18 on April 07, 2022.

    Currency experts said that dollar demand was high at market open because of weekly holidays.

    The experts said that the rupee was also under pressure after the prices of crude oil rebounded in the international markets.

    Pakistan is net importer of petroleum products to meet its domestic demand. The country’s import bill was $14.81 billion during first nine months (July – March) 2021/2022 as compared with $7.55 billion in the corresponding period of the last fiscal year, showing a massive growth of 96 per cent. The oil bill is around 25 per cent of the total import bill of country.

    READ MORE: Dollar gains six paisas against PKR in interbank

    The depleting foreign exchange reserves are also putting pressure on the local currency.

    According to details released by the State Bank of Pakistan (SBP), the official reserves of the central bank fell by $328 million to $10.558 billion by week ended April 23, 2022 as compared with $10.886 billion a week ago. The net foreign exchange reserves of the SBP also include $3 billion from Saudi Arabia, which was deposited with the central bank to support balance of payment.

    The foreign exchange reserves of the country fell to $16.668 billion by week ended April 23, 2022 as compared with $17.045 billion by week ended April 16, 2022.

    READ MORE: Rupee gains 24 paisas to dollar in interbank

    Pakistan total import bills recorded an increase of 49 per cent to $58.87 billion during the first nine months of the current fiscal year as compared with $39.49 billion in the corresponding period of the last fiscal year.

    This resulted in huge widening in trade deficit of 70 per cent. The trade deficit of the country swelled to $35.39 billion during first nine months of the current fiscal year as compared with the deficit of $20.8 billion in the corresponding months of the last fiscal year.

    READ MORE: Dollar appreciates 42 paisas against PKR

  • Pakistani Rupee to US Dollar on May 09, 2022

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

    Buying: Rs 186.00 to the US Dollar

    Selling: Rs 187.00 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 8:23 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.

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. 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 May 08, 2022
  • Pakistani Rupee to US Dollar on May 08, 2022

    Pakistani Rupee to US Dollar on May 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 May 08, 2022:

    Buying: Rs 186.00 to the US Dollar

    Selling: Rs 187.00 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 11:00 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.

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. 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 May 07, 2022
  • Pakistani Rupee to US Dollar on May 07, 2022

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

    Buying: Rs 185.50 to the US Dollar

    Selling: Rs 186.50 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 10:37 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.

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. 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 May 06, 2022
  • Rupee falls 94 paisas to dollar in post Eid holidays

    Rupee falls 94 paisas to dollar in post Eid holidays

    KARACHI: The Pakistan Rupee (PKR) fell 94 paisas against the dollar on Friday due to higher external payment demand as the market opened after long holidays.

    The exchange rate ended at Rs186.63 to the dollar from previous closing on April 30, 2022 of Rs185.69 in the interbank foreign exchange market.

    READ MORE: Dollar gains six paisas against PKR in interbank

    Currency experts said that dollar demand remained high during the day because the market reopened after Eid holidays. The government announced the public holidays from May 02 to May 05, 2022 on account of Eid-ul-Fitr.

    The experts said that the rupee was also under pressure after the prices of crude oil rebounded in the international markets. Brent futures rose $2.08, or 1.88 per cent, to $112.98per barrel by 0922 GMT, while U.S. West Texas Intermediate (WTI) crude climbed $2.00, or 1.85 per cent, to $110.26 a barrel, according to Reuters.

    READ MORE: Rupee gains 24 paisas to dollar in interbank

    Pakistan is net importer of petroleum products to meet its domestic demand. The country’s import bill was $14.81 billion during first nine months (July – March) 2021/2022 as compared with $7.55 billion in the corresponding period of the last fiscal year, showing a massive growth of 96 per cent. The oil bill is around 25 per cent of the total import bill of country.

    The depleting foreign exchange reserves are also putting pressure on the local currency.

    According to details released by the State Bank of Pakistan (SBP), the official reserves of the central bank fell by $328 million to $10.558 billion by week ended April 23, 2022 as compared with $10.886 billion a week ago. The net foreign exchange reserves of the SBP also include $3 billion from Saudi Arabia, which was deposited with the central bank to support balance of payment.

    READ MORE: Dollar appreciates 42 paisas against PKR

    The foreign exchange reserves of the country fell to $16.668 billion by week ended April 23, 2022 as compared with $17.045 billion by week ended April 16, 2022.

    Pakistan total import bills recorded an increase of 49 per cent to $58.87 billion during the first nine months of the current fiscal year as compared with $39.49 billion in the corresponding period of the last fiscal year.

    READ MORE: Rupee recovers third straight day against dollar

    This resulted in huge widening in trade deficit of 70 per cent. The trade deficit of the country swelled to $35.39 billion during first nine months of the current fiscal year as compared with the deficit of $20.8 billion in the corresponding months of the last fiscal year.

    The higher foreign outflows caused payment imbalances. The current account deficit ballooned to $12.1 billion during July-February 2021/2022 when compared with a surplus of $994 million in the same period of the last fiscal year.

  • Pakistani Rupee to US Dollar on May 06, 2022

    Pakistani Rupee to US Dollar on May 06, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on May 06, 2022:

    Buying: Rs 185.90 to the US Dollar

    Selling: Rs 186.90 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 11:53 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.

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. 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 May 05, 2022
  • Pakistani Rupee to US Dollar on May 05, 2022

    Pakistani Rupee to US Dollar on May 05, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on May 05, 2022:

    Buying: Rs 185.90 to the US Dollar

    Selling: Rs 186.90 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 11:13 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.

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. 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 May 04, 2022
  • Pakistani Rupee to US Dollar on May 04, 2022

    Pakistani Rupee to US Dollar on May 04, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on May 04, 2022:

    Buying: Rs 185.90 to the US Dollar

    Selling: Rs 186.90 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 12:38 PM 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.

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. 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 May 03, 2022
  • Pakistani Rupee to US Dollar on May 03, 2022

    Pakistani Rupee to US Dollar on May 03, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on May 03, 2022:

    Buying: Rs 185.90 to the US Dollar

    Selling: Rs 186.90 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 09:33 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.

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. 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 May 02, 2022