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Pakistan remittances hit all-time monthly high in March 2022
KARACHI – Overseas Pakistanis sent highest-ever remittances in March 2022, registering a growth of 28.3 percent over same period last year.
“With $2.8 billion of inflows during March 2022, workers' remittances continued their unprecedented run of remaining above $2 billion since June 2020. This is the highest ever monthly level for workers’ remittances,” the central bank in a statement.
It added that remittances in March 2022 increased by 28.3 percent on month-on-month basis.
“Cumulatively at $ 23.0 billion, remittances grew by 7.1 percent during 9 months of FY22 compared with last year,” it added.
Remittances inflows during March 2022 were mainly sourced from Saudi Arabia ($678 million), United Arab Emirates ($515 million), United Kingdom ($401 million) and United States of America ($300 million).
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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 9 Dec 2023
Pakistani rupee remains largely stable against the US dollar, and other currencies in the open market on Saturday.
Dollar Rate in Pakistan Today
On Saturday, the US dollar was being quoted at 283.4 for buying and 285.95 for selling.
Euro comes down to 307 for buying and 310 for selling. British Pound rate remains unchanged at 358.5 for buying, and 362 for selling.
UAE Dirham AED witnessed slight drop and new rate stands at 77.2 whereas the Saudi Riyal remained stable at 76.
Source: Forex Association of Pakistan. (last update 09:00 AM)
| Currency | Symbol | Buying | Selling |
|---|---|---|---|
| US Dollar | USD | 283.4 | 285.95 |
| Euro | EUR | 307 | 307 |
| UK Pound Sterling | GBP | 358.5 | 362 |
| U.A.E Dirham | AED | 77.2 | 78 |
| Saudi Riyal | SAR | 76 | 76.8 |
| Australian Dollar | AUD | 187.2 | 189 |
| Bahrain Dinar | BHD | 755.82 | 763.82 |
| Canadian Dollar | CAD | 209 | 211 |
| China Yuan | CNY | 39.82 | 40.22 |
| Danish Krone | DKK | 41.14 | 41.54 |
| Hong Kong Dollar | HKD | 36.37 | 36.72 |
| Japanese Yen | JPY | 3.41 | 3.52 |
| Kuwaiti Dinar | KWD | 922.14 | 931.14 |
| Malaysian Ringgit | MYR | 60.82 | 61.42 |
| New Zealand Dollar | NZD | 175.33 | 177.33 |
| Norwegians Krone | NOK | 26.12 | 26.42 |
| Omani Riyal | OMR | 738.71 | 746.71 |
| Qatari Riyal | QAR | 78.07 | 78.77 |
| Singapore Dollar | SGD | 211 | 213 |
| Swedish Korona | SEK | 27.32 | 27.62 |
| Swiss Franc | CHF | 324.5 | 327 |
| Thai Bhat | THB | 8.08 | 8.23 |
Gold remains under pressure in Pakistan; Check today gold rates here
Gold prices witnessed negative trend in local markets in line with the trend in the international market.
Gold Rates in Pakistan Today - 9 December 2023
On Saturday, the price of a single tola of 24-karat gold stands at Rs217,600, and 10 grams of 24k gold costs Rs186,560.
Single tola of 22 Karat Gold price costs Rs199,465, 21 karat rate per tola costs Rs190, 400 and 18k gold rate is Rs163,200.00 for each tola.
In the global market, gold prices hovers around $2,004 per ounce, after drop of $23.35 on Saturday.
Today Gold Rate in Pakistan
| City | Gold | Silver |
|---|---|---|
| Lahore | PKR 217,600 | PKR 2,530 |
| Karachi | PKR 217,600 | PKR 2,530 |
| Islamabad | PKR 217,600 | PKR 2,530 |
| Peshawar | PKR 217,600 | PKR 2,530 |
| Quetta | PKR 217,600 | PKR 2,530 |
| Sialkot | PKR 217,600 | PKR 2,530 |
| Attock | PKR 217,600 | PKR 2,530 |
| Gujranwala | PKR 217,600 | PKR 2,530 |
| Jehlum | PKR 217,600 | PKR 2,530 |
| Multan | PKR 217,600 | PKR 2,530 |
| Bahawalpur | PKR 217,600 | PKR 2,530 |
| Gujrat | PKR 217,600 | PKR 2,530 |
| Nawabshah | PKR 217,600 | PKR 2,530 |
| Chakwal | PKR 217,600 | PKR 2,530 |
| Hyderabad | PKR 217,600 | PKR 2,530 |
| Nowshehra | PKR 217,600 | PKR 2,530 |
| Sargodha | PKR 217,600 | PKR 2,530 |
| Faisalabad | PKR 217,600 | PKR 2,530 |
| Mirpur | PKR 217,600 | PKR 2,530 |
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