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Standard Chartered Bank denies shutting down operations in Pakistan

05:27 PM | 7 Jul, 2019
Standard Chartered Bank denies shutting down operations in Pakistan
ISLAMABAD –  The Standard Chartered Bank has denied reports of closing operations in Pakistan.

The bank in a recent tweet denied all such reports, saying, “The news published in Daily Jasarat is false and we completely deny this news.”

The tweet added that Standard Chartered has been operating in  Pakistan for over 150 years and is absolutely committed to the country.

"We are very proud to serve our clients in this country," the bank’s official account said.

https://twitter.com/StanChart/status/1147800896006479878

Earlier, reports were circulating on social media that the SCB is going to close its operations in Pakistan.

There were rumours that the bank has decided to transfer the accounts of its customers to Habib Bank.

Standard Chartered Bank Pakistan Ltd. is the oldest and largest international bank in Pakistan. It is also the first international bank to be awarded Islamic banking licence and the first to open an Islamic banking branch.

The Bank, which started as the Chartered Bank opened its first office in Karachi in March 1863.

It serves both Retail and Corporate and Institutional Banking customers.

The Bank employs over 3,400 people in  Pakistan and has a network of 68 branches in 11 cities.

The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal – March 1, 2024

Pakistani rupee remains stable against US dollar in the open market on March 1, 2024 (Friday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.32 for buying and 282.35 for selling.

Euro currently stands at 302 for buying and 305 for selling while British Pound rate stands at 353 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.15 whereas the Saudi Riyal saw slight increase, with new rates at 74.4.

Today’s currency exchange rates in Pakistan – March 1, 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar ‎USD 279.32 282.35
Euro EUR 302 305
UK Pound Sterling GBP 353 356
U.A.E Dirham AED 76.15 76.85
Saudi Riyal SAR 74.4 75.2
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.11 751.11
Canadian Dollar CAD 207 209.2
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.69 41.09
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 907.32 916.32
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 172.43 174.43
Norwegians Krone NOK 26.36 26.66
Omani Riyal OMR 725.68 733.68
Qatari Riyal ‎QAR 76.74 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.13 27.43
Swiss Franc CHF 317.76 320.26
Thai Bhat THB 7.76 7.91

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