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  • Pakistani Rupee to US Dollar on April 14, 2022

    Pakistani Rupee to US Dollar on April 14, 2022

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

    Buying: Rs 182.00 to the US Dollar

    Selling: Rs 184.00 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 06:07 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 April 13, 2022
  • Rupee continues recovery to dollar for 4th straight day

    Rupee continues recovery to dollar for 4th straight day

    KARACHI: The Pakistan Rupee (PKR) continued to make recovery for the fourth straight day against the dollar on Wednesday since sharp enhancement in policy rate to 12.25 per cent.

    The rupee ended Rs181.82 to the dollar from previous day’s closing of Rs182.02 in the interbank foreign exchange market.

    READ MORE: Rupee makes recovery to dollar for third straight day

    The rupee fell to all-time low at Rs188.18 to the dollar on April 07, 2022. On the same day the State Bank of Pakistan (SBP) announced a massive raise in interest rate by 250 basis points to 12.25 per cent from 9.75 per cent.

    Prior to the policy rate increase the dollar was unabated for over a two week and rupee fell continuously.

    READ MORE: Rupee recovers sharply; dollar eases to Rs182.93

    The rupee recovered around Rs6.36 against the dollar since the increase in the policy rate. The local currency recorded all-time low of Rs188.18 to the dollar on April 07, 2022.

    The SBP noted that the recent developments necessitated a strong and proactive policy response.

    Accordingly, the Monetary Policy Committee (MPC) decided at its emergency meeting today, to raise the policy rate by 250 basis points to 12.25 percent.

    READ MORE: Rupee rebounds sharply on massive interest rate hike

    This increases forward-looking real interest rates (defined as the policy rate less expected inflation) to mildly positive territory. The MPC was of the view that this action would help to safeguard external and price stability.

    The MPC also noted that SBP is in the process of taking further actions to reduce pressures on inflation and the current account, namely an increase in the interest rate on the export refinance scheme (EFS) and widening the set of import items subject to cash margin requirements. These items are mostly finished goods including luxury items and exclude raw materials.

    The announcement of these measures is expected soon and will complement the action taken by the MPC on interest rates.

    READ MORE: PKR witnesses record single day fall to dollar

  • Pakistani Rupee to US Dollar on April 13, 2022

    Pakistani Rupee to US Dollar on April 13, 2022

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

    Buying: Rs 183.50 to the US Dollar

    Selling: Rs 185.50 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 06:20 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 April 12, 2022
  • Rupee makes recovery to dollar for third straight day

    Rupee makes recovery to dollar for third straight day

    KARACHI: The Pakistan Rupee (PKR) made recovery against the dollar for third consecutive day on Tuesday since the massive increase in key policy rate on April 07, 2022.

    The rupee on Tuesday gained 91 paisas to close at Rs182.02 to the dollar from previous day’s closing of Rs182.93 in the interbank foreign exchange market.

    READ MORE: Rupee recovers sharply; dollar eases to Rs182.93

    The State Bank of Pakistan (SBP) on April 07, 2022 issued monetary policy statement to increase the policy rate by 250 basis points to 12.25 per cent from 9.75 per cent. The policy rate was enhanced in an emergent meeting instead of a scheduled meeting.

    The rupee recovered around Rs6.16 against the dollar since the increase in the policy rate. The local currency recorded all-time low of Rs188.18 to the dollar on April 07, 2022.

    READ MORE: Rupee rebounds sharply on massive interest rate hike

    The SBP noted that the recent developments necessitated a strong and proactive policy response.

    Accordingly, the Monetary Policy Committee (MPC) decided at its emergency meeting today, to raise the policy rate by 250 basis points to 12.25 percent.

    This increases forward-looking real interest rates (defined as the policy rate less expected inflation) to mildly positive territory. The MPC was of the view that this action would help to safeguard external and price stability.

    READ MORE: PKR witnesses record single day fall to dollar

    The MPC also noted that SBP is in the process of taking further actions to reduce pressures on inflation and the current account, namely an increase in the interest rate on the export refinance scheme (EFS) and widening the set of import items subject to cash margin requirements. These items are mostly finished goods including luxury items and exclude raw materials.

    The announcement of these measures is expected soon and will complement the action taken by the MPC on interest rates.

    READ MORE: Dollar tops PKR 186.13 at interbank closing

  • Pakistani Rupee to US Dollar on April 12, 2022

    Pakistani Rupee to US Dollar on April 12, 2022

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

    Buying: Rs 185.00 to the US Dollar

    Selling: Rs 186.60 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 05:43 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 April 11, 2022
  • Pakistani Rupee to US Dollar on April 11, 2022

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

    Buying: Rs 186.40 to the US Dollar

    Selling: Rs 188.15 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 06:20 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 April 10, 2022
  • Pakistani Rupee to US Dollar on April 10, 2022

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

    Buying: Rs 186.40 to the US Dollar

    Selling: Rs 188.15 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 07:15 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 April 09, 2022
  • Pakistani Rupee to US Dollar on April 09, 2022

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

    Buying: Rs 186.30 to the US Dollar

    Selling: Rs 188.05 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 06:16 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 April 08, 2022
  • Rupee rebounds sharply on massive interest rate hike

    Rupee rebounds sharply on massive interest rate hike

    KARACHI: The Pak Rupee (PKR) on Friday made a single day record recovery of Rs3.50 against dollar following the sharp increase in key policy rate announced a day earlier.

    The rupee ended Rs184.68 to the dollar from last day’s closing of Rs188.18, which is the highest closing of dollar, in the interbank foreign exchange market. The latest recovery in the local unit also broke the dollar gaining spree of 17 days.

    READ MORE: PKR witnesses record single day fall to dollar

    Currency analysts said that the rupee rebounded after the State Bank of Pakistan (SBP) announced a sharp raise of 250 basis points in key policy rate.

    The central bank increased the policy rate to 12.25 per cent from 9.75 per cent for next two months.

    READ MORE: Dollar tops PKR 186.13 at interbank closing

    The SBP noted that the recent developments necessitated a strong and proactive policy response.

    Accordingly, the Monetary Policy Committee (MPC) decided at its emergency meeting today, to raise the policy rate by 250 basis points to 12.25 percent.

    READ MORE: Dollar continues record spree against PKR; hits 185.23

    This increases forward-looking real interest rates (defined as the policy rate less expected inflation) to mildly positive territory. The MPC was of the view that this action would help to safeguard external and price stability.

    The MPC also noted that SBP is in the process of taking further actions to reduce pressures on inflation and the current account, namely an increase in the interest rate on the export refinance scheme (EFS) and widening the set of import items subject to cash margin requirements. These items are mostly finished goods including luxury items and exclude raw materials.

    The announcement of these measures is expected soon and will complement the action taken by the MPC on interest rates.

  • Pakistani Rupee to US Dollar on April 08, 2022

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

    Buying: Rs 186.25 to the US Dollar

    Selling: Rs 188.00 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 05:52 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 April 07, 2022