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Pakistan's foreign exchange reserves rise to $20.07b

09:31 PM | 1 Oct, 2015
Pakistan's foreign exchange reserves rise to $20.07b
ISLAMABAD (Web Desk) - Pakistan's foreign exchange reserves have risen to the historic level of 20.07 billion dollars.

Addressing a news conference in Islamabad on Thursday evening, Finance Minister Ishaq Dar said with this the government has fulfilled its commitment to take foreign exchange reserves to 20 billion dollars.

He said out of 20.07 billion dollars, 15.24 billion are with the State Bank of Pakistan and the rest 4.83 billion dollars with commercial banks.

The Minister said the government received different transactions worth 1.6 billion dollars since yesterday, which pushed up the reserves. These included 500 million dollars each of Euro Bond and IMF tranche; 375 billion dollars of Coalition Support Fund and another transaction of 265 billion dollars.

Ishaq Dar said the so much rise in foreign exchange reserves was unthinkable in February last year when reserves with the State Bank were just 2.75 billion dollars.

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 25 Feb 2024 forex rates

Pakistani rupee remains stable against US dollar in the open market on February 25, 2024 (Sunday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.5 for buying and 282.55 for selling.

Euro currently stands at 302 for buying and 305 for selling while British Pound rate stands at 352.5 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 25 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.5 282.55
Euro EUR 302 305
UK Pound Sterling GBP 352.5 356
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.88 751.88
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.76 36.11
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 908.79 917.79
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 726.53 734.53
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 317.87 320.37
Thai Bhat THB 7.79 7.94

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