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PM Imran orders action against foreign exchange companies selling US dollar at higher rates

09:30 AM | 16 May, 2019
PM Imran orders action against foreign exchange companies selling US dollar at higher rates
ISLAMABAD - Prime Minister Imran Khan has directed concerned authorities to take action against foreign exchange companies selling US dollar at higher rates.

The prime minister presided over a high-level meeting at Prime Minister House, pertaining to foreign currency rates, also had a delegation of E-Commerce Association of Pakistan (ECAP) in presence led by Sheikh Allaudin, Malik Bostan and Mr Sheikh Mureed along with the DG FIA, DG IB, Chairman FBR and Governor SBP.

The meeting decided to take strict action against the companies deviating from set currency rates.

During the meeting, ECAP delegates assured of not supporting companies selling foreign currency at higher rates.

The meeting was informed that the dollar's purchasing price was Rs143.50 and selling price Rs144; Saudi Riyal was being purchased at Rs38.20 and sold at Rs38.35.

The US dollar bounced back to Rs144 after reaching an all-time high of Rs146.25 during the day in the open market on Wednesday.

The rupee devaluation was observed three days after Adviser on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Sheikh finalised a three-year bailout with the International Monetary Fund (IMF) for $6 billion.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - Pak Rupee to US Dollar, Euro, Dirham, Riyal 19 May 2024

Pakistani currency rates against US Dollar and other currencies on May 18, 2024 (Saturday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.35 for selling.

Euro stands at 297 for buying and 299.5 for selling while British Pound rate is 348.5 for buying, and 352 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal came down to 73.50.

Today’s currency exchange rates in Pakistan - 19 May 2024

Currency Symbol Buying Selling
US Dollar USD 277.4 280.35
Euro EUR 297 299.5
UK Pound Sterling GBP 348.5 352
U.A.E Dirham AED 75.25 76
Saudi Riyal SAR 73.5 74.25
Australian Dollar AUD 181 183
Bahrain Dinar BHD 747.77 755.77
Canadian Dollar CAD 203 205
China Yuan CNY 38.49 38.89
Danish Krone DKK 40.25 40.65
Hong Kong Dollar HKD 35.96 36.31
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 913.28 922.28
Malaysian Ringgit MYR 58.69 59.29
New Zealand Dollar NZD 169.45 171.45
Norwegian Krone NOK 25.67 25.97
Omani Riyal OMR 730.59 738.59
Qatari Riyal QAR 76.41 77.11
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.67 25.97
Swiss Franc CHF 309.01 311.51
Thai Baht THB 7.57 7.72

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