How much cash has been withdrawn from banks since last night?

09:52 PM | 4 Jul, 2016
How much cash has been withdrawn from banks since last night?
ATMs have run out of cash and banks have closed their doors for customers. Long queues were witnessed in front of ATMs of different commercial banks on Sunday after most of them ran out of cash. People were seen complaining of the non-availability of cash.

The National Bank of Pakistan (NBP) on Sunday clarified the reasons behind the problems its customers faced last week.

“We at NBP are at a loss that despite our efforts to service our customers – by keeping our branches open till 8 pm on June 29 and until midnight on June 3 and processing over a million transactions worth over Rs. 100 billion – certain inaccurate reports were published in newspapers that created a negative image of the bank,” it said in an official statement.

“We would like to clarify and give a true picture for the benefit of our customers. On July 2, our branches were opened at 8 am but due to delay in availability of the system as a result of an extraordinary volume of transactions over previous days and prolonged end-of-day processing, the branches could only service a certain segment of customers," added the statement.

The statement also clarified a few points that NBP felt had been misreported in the media. "There was no system breakdown as reported in certain newspapers and our ATMs were fully functional and processed more than 250,000 transactions," it said.

According to Geo News, 360 million rupees have been withdrawn from banks already.

The State Bank of Pakistan has also announced the fresh release of currency notes worth Rs 130 billion, but citizens were unable to receive this money as ATMs did not have enough cash.

A bank official speaking on the condition of anonymity said that banks were not receiving sufficient cash deposits which had created a shortfall. He said that banks were not even able to pay accounts holders and so could not keep cash in the ATMs. He said that the cash flow of an ATM was around Rs. 6 million within 24 hours.


Pakistani rupee inches up against US dollar, Euro, Pound and other currencies - Check forex rates here

Pakistani rupee advanced its winning momentum against US dollar, and other currencies in the open market amid strong economic cues.

Dollar Rate in Pakistan Today

On Saturday, the US dollar was being quoted at 285.15 for buying and 287.95 for selling.

Euro moves down to 309.9 for buying and 310.5 for selling. British Pound rate stands at 359.4 for buying, and 360.05 for selling.

UAE Dirham AED also moved down to 77.45 whereas the Saudi Riyal drops to 75.82.

Today's currency exchange rates in Pakistan – 2 December 2023

Currency Symbol Buying Selling
US Dollar ‎USD 285.15  287.95 
Euro EUR 309.9  310.5 
UK Pound Sterling GBP 359.4  360.05 
U.A.E Dirham AED 77.45  77.6
Saudi Riyal SAR 75.82 75.97
Australian Dollar AUD 187.72 188.22
Bahrain Dinar BHD 759.94 767.94
Canadian Dollar CAD 209.99 210.49
China Yuan CNY 39.78 39.88
Danish Krone DKK 41.95 42.05
Hong Kong Dollar HKD 36.38 36.48
Indian Rupee INR 3.39 3.5
Japanese Yen JPY 1.49 1.56
Kuwaiti Dinar KWD 926.39 935.39
Malaysian Ringgit MYR 60.38 60.98
New Zealand Dollar NZD 173.44 175.44
Norwegians Krone NOK 26.25 26.55
Omani Riyal OMR 742.16 750.18
Qatari Riyal ‎QAR 78.5 79.2
Singapore Dollar SGD 212.45 212.95
Swedish Korona SEK 27.09 27.19
Swiss Franc CHF 325.38 325.88
Thai Bhat THB 8.05 8.09

Gold registers big fall in Pakistan; check today gold rates in Pakatan - 2 December 2023

The price of gold fell by thousands of rupees as precious metal lost shine despite an upward trend in the international market.

Gold Rates in Pakistan Today - 2 December 2023

On Saturday, the price of a single tola of 24-karat gold stands at Rs217,300 and 10 grams of 24k gold costs Rs186,300.

Meanwhile, single tola of 22 Karat gold costs Rs199,190, 21 karat rate costs Rs190,138 and 18k gold rate is Rs162,975.

Globally, gold prices hover at around $2072, gaining $32 on Saturday.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 217,300 PKR 2,705
Karachi PKR 217,300 PKR 2,705
Islamabad PKR 217,300 PKR 2,705
Peshawar PKR 217,300 PKR 2,705
Quetta PKR 217,300 PKR 2,705
Sialkot PKR 217,300 PKR 2,705
Attock PKR 217,300 PKR 2,705
Gujranwala PKR 217,300 PKR 2,705
Jehlum PKR 217,300 PKR 2,705
Multan PKR 217,300 PKR 2,705
Bahawalpur PKR 217,300 PKR 2,705
Gujrat PKR 217,300 PKR 2,705
Nawabshah PKR 217,300 PKR 2,705
Chakwal PKR 217,300 PKR 2,705
Hyderabad PKR 217,300 PKR 2,705
Nowshehra PKR 217,300 PKR 2,705
Sargodha PKR 217,300 PKR 2,705
Faisalabad PKR 217,300 PKR 2,705
Mirpur PKR 217,300 PKR 2,705


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