Live Open Market Foreign Currency Exchange Rates in Pakistan today - 2021-January-13- Updated 08:30 AM

Web Desk 08:40 AM | 13 Jan, 2021
Live Open Market Foreign Currency Exchange Rates in Pakistan today - 2021-January-13- Updated 08:30 AM

KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on January 13, 2020 (Wednesday).

Source: Forex Association of Pakistan. (last update 08:30 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 160.1 160.9
Euro EUR 193 195.5
UK Pound Sterling GBP 215 218
U.A.E Dirham AED 43.74 44.3
Saudi Riyal SAR 42.6 42.95
Australian Dollar AUD 121.5 123.5
Bahrain Dinar BHD 405.8 407.8
Canadian Dollar CAD 123.5 125.5
China Yuan CNY 24.85 25
Danish Krone DKK 25 25.3
Hong Kong Dollar HKD 17.6 17.85
Indian Rupee INR 2.16 2.23
Japanese Yen JPY 1.55 1.58
Kuwaiti Dinar KWD 502.5 505
Malaysian Ringgit MYR 39 39.35
New Zealand Dollar NZD 105.85 106.55
Norwegians Krone NOK 18.15 18.4
Omani Riyal OMR 412 414
Qatari Riyal ‎QAR 42.6 42.95
Singapore Dollar SGD 118.5 120.5
Swedish Korona SEK 18.35 18.6
Swiss Franc CHF 180.15 181.05
Thai Bhat THB 5.25 5.35

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Rupee gains massive recovery against US dollar after SBP relaxes rules for banks

KARACHI – The Pakistani rupee experienced a significant surge in its value in the open market against the dollar.

This surge came after a recent directive from the State Bank of Pakistan (SBP), allowing banks to purchase dollars at the interbank market rate for international card payments. The objective of this move was to narrow the exchange rate gap between the official and informal markets.

According to the Exchange Companies Association of Pakistan, the currency market witnessed the dollar being traded at Rs298, compared to its previous day’s closing rate of 311.

The SBP’s decision was influenced by the International Monetary Fund’s demand for Pakistan to stabilize its currency market before resuming a $6.5 billion bailout program.

In a circular, the central bank stated, “In response to the feedback received from various stakeholders, Authorized Dealers are now permitted to buy USD from the Interbank market to settle card-based cross border transactions with international payment schemes (IPS).”

Market analysts had predicted a decline in the value of the rupee following the implementation of these new guidelines.

Zafar Paracha, the General Secretary of the ECAP, expressed that the SBP’s decision was timely and appropriate. He anticipated that it would lead to a decrease of 20 to 25 rupees in the open market currency rate. Paracha also noted that aligning the rates in the official and informal markets would bolster remittance inflows.

Pracha further emphasized that significant disparities in rates between the official and informal markets encourage transactions outside of the official banking system.

Today's gold rates in Pakistan – June 1, 2023

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 229,000 on Thursday. The price of 10 grams of 24k gold was recorded at Rs197,620.   

Likewise, 10 grams of 22k gold were being traded for Rs181,150 while a single tola of 22-karat gold was being sold at Rs 211,290.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 229,000 PKR 2125
Karachi PKR 229,000 PKR 2125
Islamabad PKR 229,000 PKR 2125
Peshawar PKR 229,000 PKR 2125
Quetta PKR 229,000 PKR 2125
Sialkot PKR 229,000 PKR 2125
Attock PKR 229,000 PKR 2125
Gujranwala PKR 229,000 PKR 2125
Jehlum PKR 229,000 PKR 2125
Multan PKR 229,000 PKR 2125
Bahawalpur PKR 229,000 PKR 2125
Gujrat PKR 229,000 PKR 2125
Nawabshah PKR 229,000 PKR 2125
Chakwal PKR 229,000 PKR 2125
Hyderabad PKR 229,000 PKR 2125
Nowshehra PKR 229,000 PKR 2125
Sargodha PKR 229,000 PKR 2125
Faisalabad PKR 229,000 PKR 2125
Mirpur PKR 229,000 PKR 2125


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