5/28/2023 0 Comments Pakistani rupeeParacha was hopeful of positive sentiment in the market as the State Bank of Pakistan (SBP)-held foreign exchange reserves rose above the $4 billion mark after the country received a $500 million loan from a Chinese bank. He said that the dollar will not increase on Monday in the coming week if the situation persists, however, there is some pressure when the week starts. "The import demand is not much today, however, the remittances and export proceeds have increased and people are encashing their payments which is a positive trend," he added. General Secretary Exchange Companies Association of Pakistan (ECAP) Zafar Paracha told Geo.tv that the dollar supply has increased which has led to the matching demand and supply. The rupee closed at Rs280.77 at the close of the market.Ī day earlier, the rupee depreciated by Rs3.18 against the dollar and closed at Rs282.30 due to further delay in the revival of the loan agreement with the International Monetary Fund (IMF). The local currency gained 1.53 or 0.54% against the dollar in the interbank market during intraday trading. KARACHI: The Pakistani rupee on Friday resumed its uptrend in the interbank market against the US dollar as the supply for the greenback improved. Increased dollar supply led to matching demand and supply: Paracha.Local currency closes at Rs280.77 against greenback.Rupee gains 1.53 against dollar in interbank market.So the team is not responsible for any inaccuracy of the data.A foreign currency dealer counts US dollars at a money exchange company. Like the Indian rupee, it was originally divided into 16 annas, each of 4 pice or 12 pie. New coins and banknotes were issued in 1948. Initially, Pakistan used British Indian coins and notes simply over-stamped with Pakistan. Team provides the available exchange rates at the time of posting the story. The Pakistani rupee was put into circulation in Pakistan after the dissolution of the British Raj in 1947. Pakistani Rupee to Canadian Dollar – PKR to CAD on March 17, 2023ĭisclaimer: Team provides the available rates of the open market, which are subject to change every hour. The Canadian Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand. Selling: Rs 206.20 to the Canadian Dollar KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on March 18, 2023: Pakistani Rupee to Canadian Dollar – PKR to CAD on March 18, 2023 Pakistani Rupee to UAE Dirham – PKR to AED on March 17, 2023 The UAE Dirham /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand. KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on March 18, 2023: Pakistani Rupee to UAE Dirham – PKR to AED on March 18, 2023 Pakistani Rupee to UK Pound – PKR to GBP on March 17, 2023 The UK Pound Sterling /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand. Selling: Rs 345.00 to the UK Pound Sterling KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on March 18, 2023:īuying: Rs 341.50 to the UK Pound Sterling Pakistani Rupee to UK Pound – PKR to GBP on March 18, 2023 Pakistani Rupee to Euro – PKR to EUR on March 17, 2023 The Euro /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand. KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on March 18, 2023: Pakistani Rupee to Euro – PKR to EUR on March 18, 2023 Pakistani Rupee to Saudi Riyal – PKR to SAR on March 17, 2023 The Saudi Riyal /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand. The selling rate means an exchange company or a bank sells for foreign currency from a customer. KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on March 18, 2023: Pakistani Rupee to Saudi Riyal – PKR to SAR on March 18, 2023 Pakistani Rupee to US Dollar – PKR to USD on March 17, 2023 The US Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand. The rate has been updated at 09:00 AM Pakistan Standard Time (PST). The selling rate means an exchange company or a bank sells the foreign currency from a customer. The buying rate means an exchange company or a bank buys foreign currency from a customer. KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on March 18, 2023:
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