Latest
US dollar drops to six-month low against Pakistani rupee
KARACHI – The Pakistani rupee continued its recovery on Monday as the dollar has dropped to six-month low in interbank market.
Data shared by the State Bank of Pakistan (SBP) showed that the local currency appreciated by Rs1.04 as the greenback closed at Rs281.65 as compared to Friday’s Rs282.69.
The rupee posted consecutive 23 recovery sessions (+9.0%, PKR 25.4) against dollar since Sep 5, 2023. This is the highest number of consecutive positive sessions against the dollar.
Interbank closing #ExchangeRate for today https://t.co/Y4N14UBQb9#SBPExchangeRate pic.twitter.com/P70gl8fn6k
— SBP (@StateBank_Pak) October 9, 2023
In interbank market, the greenback depreciated by Rs1 to close at Rs280.50.
The free fall of the dollar started after the government launched a crackdown on dollars’ smuggling and hoarding. The operation has full support from the military leadership, who has vowed to curb spectrum of illegal activities to rid of economic losses.
Lately, Pakistani rupee emerged as world's top-performing currency against USD, with staggering appreciation of nearly 10 percent.
Advertisement
-
Two dead as Indian air force fighter jet crashes in Telangana
12:24 PM | 4 Dec, 2023 -
USD to PKR: Rupee recovers losses against US dollar in inter-bank
11:45 AM | 4 Dec, 2023 -
Shoaib Malik becomes first Pakistani batsman to smash 1,000 fours in T20
11:23 AM | 4 Dec, 2023 -
Pakistan Stock Exchange touches new all-time high of 62,000 points amid ...
11:05 AM | 4 Dec, 2023 -
Kiran Ashfaque, and Hamza Ali Chaudhary’s wedding pictures, videos go ...
10:32 AM | 4 Dec, 2023
Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 4 Dec 2023
Pakistani rupee's value remained stable against US dollar, Euro, Pound, Dirham, Riyal and other currencies in the open market.
Dollar Rate in Pakistan Today
On Monday, the US dollar was being quoted at 285.15 for buying and 287.95 for selling.
Euro rate stands at 309.9 for buying and 310.5 for selling. British Pound GBP rate stands at 359.4 for buying, and 360.05 for selling.
UAE Dirham AED currently hovers around 77.45 while rate of Saudi Riyal stands at 75.82.
Today’s currency exchange rates in Pakistan – 4 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 prices in Pakistan move down despite positive global cues
The gold remained under pressure as the precious metal moved down despite an upward trend in the international market.
Gold Rates in Pakistan Today - 4 December 2023
On the first day of the week, the price of a single tola of 24-karat gold stands at Rs217,000 and 10 grams of 24k gold costs Rs186,043
A single tola of 22-karat gold costs Rs170,539, while 21 karat rate for each tola is Rs. 192,325 and the price of 18k gold is Rs164,850.
In the global market, gold prices hover at around $2086, gaining $14.44 on Monday.
Today Gold Rate in Pakistan
| City | Gold | Silver |
| Lahore | PKR 217,000 | PKR 2,720 |
| Karachi | PKR 217,000 | PKR 2,720 |
| Islamabad | PKR 217,000 | PKR 2,720 |
| Peshawar | PKR 217,000 | PKR 2,720 |
| Quetta | PKR 217,000 | PKR 2,720 |
| Sialkot | PKR 217,000 | PKR 2,720 |
| Attock | PKR 217,000 | PKR 2,720 |
| Gujranwala | PKR 217,000 | PKR 2,720 |
| Jehlum | PKR 217,000 | PKR 2,720 |
| Multan | PKR 217,000 | PKR 2,720 |
| Bahawalpur | PKR 217,000 | PKR 2,720 |
| Gujrat | PKR 217,000 | PKR 2,720 |
| Nawabshah | PKR 217,000 | PKR 2,720 |
| Chakwal | PKR 217,000 | PKR 2,720 |
| Hyderabad | PKR 217,000 | PKR 2,720 |
| Nowshehra | PKR 217,000 | PKR 2,720 |
| Sargodha | PKR 217,000 | PKR 2,720 |
| Faisalabad | PKR 217,000 | PKR 2,720 |
| Mirpur | PKR 217,000 | PKR 2,720 |
Advertisement
Lifestyle
Blogs
- Pakistan Army soldier, two civilians martyred in second DI Khan oil firm attack 09:15 AM | 14 Nov, 2023
- World Cup 2023: Here's all the records made in Pakistan vs Sri Lanka thriller 08:04 AM | 11 Oct, 2023
- Top 5 fastest World Cup centuries ever 08:24 PM | 8 Oct, 2023
- Top 5 films halted due to Hollywood writers' strike 03:15 PM | 2 Sep, 2023
- India falls behind Pakistan, Nigeria in latest Global Hunger Index 02:46 PM | 26 Jul, 2023
- Where does Pakistan stand on world’s strongest passport rankings? 04:36 PM | 19 Jul, 2023
Follow us on Facebook
Follow us on Twitter
Sign up for Newsletter
Copyright ©2023. Reproduction of this website's content without express written permission from 'Daily Pakistan' is strictly prohibited.
