KARACHI – State Bank of Pakistan (SBP) Governor Jameel Ahmad said on Wednesday the country was likely to receive dollar inflow from the next week amid depleting foreign exchange reserves and delay in revival of the IMF loan programme.
He stated this in his address at the Federation of Pakistan Chambers of Commerce & Industry while assuring business community that the dollar influx would remove restrictions on imports.
Shehbaz Sharif-led federal government has been making efforts to secure financing from friendly states and loan tranche from the global lander, which has been pending since September last, as the foreign reserves has dropped to $4 billion dollars.
The central bank chief said the foreign exchange reserves of Pakistan would start increasing after the inflow of dollars in coming week. However, he did not disclose the source of the inflow.
He acknowledged the difficulties being faced by the importers due to restrictions, adding that these would be lifted after achieving stable foreign exchange reserves.
Saying plans have been made to extend facilities to business community, he maintained that decisions regarding import were made keeping in view the level of reserves.
Last year, the government imposed a ban on the import of luxury items to avoid a balance of payment crisis but withdrew some of the restrictions to facilitate the industrial sector.
Daily Pakistan Global Web Desk
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 March 28, 2023 (Tuesday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency | Symbol | Buying | Selling |
US Dollar | USD | 284.1 | 287.15 |
Euro | EUR | 304.5 | 307.5 |
UK Pound Sterling | GBP | 345.5 | 349 |
U.A.E Dirham | AED | 77.3 | 78.1 |
Saudi Riyal | SAR | 76 | 76.7 |
Australian Dollar | AUD | 187.5 | 189.9 |
Bahrain Dinar | BHD | 753.18 | 761.18 |
Canadian Dollar | CAD | 205.5 | 207.7 |
China Yuan | CNY | 41.44 | 41.84 |
Danish Krone | DKK | 41.30 | 41.73 |
Hong Kong Dollar | HKD | 35.92 | 36.27 |
Indian Rupee | INR | 3.41 | 3.52 |
Japanese Yen | JPY | 2.06 | 2.11 |
Kuwaiti Dinar | KWD | 924.09 | 933.09 |
Malaysian Ringgit | MYR | 62.84 | 63.45 |
New Zealand Dollar | NZD | 178 | 180 |
Norwegians Krone | NOK | 26.33 | 26.63 |
Omani Riyal | OMR | 735.91 | 743 |
Qatari Riyal | QAR | 77.43 | 78.13 |
Singapore Dollar | SGD | 209.5 | 211.5 |
Swedish Korona | SEK | 26.5 | 26.8 |
Swiss Franc | CHF | 308.97 | 311.47 |
Thai Bhat | THB | 8.3 | 8.45 |
KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 204,300 on Tuesday. The price of 10 grams of 24k gold was recorded at Rs175,160.
Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,880.
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 204,300 | PKR 2,465 |
Karachi | PKR 204,300 | PKR 2,465 |
Islamabad | PKR 204,300 | PKR 2,465 |
Peshawar | PKR 204,300 | PKR 2,465 |
Quetta | PKR 204,300 | PKR 2,465 |
Sialkot | PKR 204,300 | PKR 2,465 |
Attock | PKR 204,300 | PKR 2,465 |
Gujranwala | PKR 204,300 | PKR 2,465 |
Jehlum | PKR 204,300 | PKR 2,465 |
Multan | PKR 204,300 | PKR 2,465 |
Bahawalpur | PKR 204,300 | PKR 2,465 |
Gujrat | PKR 204,300 | PKR 2,465 |
Nawabshah | PKR 204,300 | PKR 2,465 |
Chakwal | PKR 204,300 | PKR 2,465 |
Hyderabad | PKR 204,300 | PKR 2,465 |
Nowshehra | PKR 204,300 | PKR 2,465 |
Sargodha | PKR 204,300 | PKR 2,465 |
Faisalabad | PKR 204,300 | PKR 2,465 |
Mirpur | PKR 204,300 | PKR 2,465 |
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