KARACHI – State Bank of Pakistan has received another tranche of $500 million from Industrial and Commercial Bank of China.
Finance Minister Ishaq Dar in a tweet said that it will shore up foreign exchange reserves of Pakistan which is facing dire shortage of dollars. The amount has been received as part of Industrial and Commercial Bank of China’s approved loan worth $1.3 billion.
Earlier this month, Pakistan sealed a $1.3 billion rollover from China at a crucial time when the South Asian country left with less than one month import cover.
The country of over 220million, which is a $350 billion economy, is facing a massive economic meltdown, with a balance of payment crisis and depleting forex reserves. The country is looking for external financing inflows from International Monetary Fund (IMF) and friendly nations.
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 23, 2023 (Thursday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency | Symbol | Buying | Selling |
US Dollar | USD | 283.1 | 286.15 |
Euro | EUR | 302.5 | 305.5 |
UK Pound Sterling | GBP | 343.5 | 347 |
U.A.E Dirham | AED | 77.2 | 78 |
Saudi Riyal | SAR | 75.4 | 76.2 |
Australian Dollar | AUD | 187 | 189.4 |
Bahrain Dinar | BHD | 749.55 | 757.55 |
Canadian Dollar | CAD | 205 | 207.2 |
China Yuan | CNY | 40.91 | 41.31 |
Danish Krone | DKK | 40.77 | 41.17 |
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 | 919.22 | 928.22 |
Malaysian Ringgit | MYR | 62.85 | 63.45 |
New Zealand Dollar | NZD | 176.66 | 178.66 |
Norwegians Krone | NOK | 26.33 | 26.63 |
Omani Riyal | OMR | 731.97 | 739.97 |
Qatari Riyal | QAR | 77.43 | 78.13 |
Singapore Dollar | SGD | 208 | 210 |
Swedish Korona | SEK | 26.5 | 26.8 |
Swiss Franc | CHF | 305.12 | 307.62 |
Thai Bhat | THB | 8.19 | 8.34 |
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 203,800 on Thursday. The price of 10 grams of 24k gold was recorded at Rs174,730.
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 203,800 | PKR 2,350 |
Karachi | PKR 203,800 | PKR 2,350 |
Islamabad | PKR 203,800 | PKR 2,350 |
Peshawar | PKR 203,800 | PKR 2,350 |
Quetta | PKR 203,800 | PKR 2,350 |
Sialkot | PKR 203,800 | PKR 2,350 |
Attock | PKR 203,800 | PKR 2,350 |
Gujranwala | PKR 203,800 | PKR 2,350 |
Jehlum | PKR 203,800 | PKR 2,350 |
Multan | PKR 203,800 | PKR 2,350 |
Bahawalpur | PKR 203,800 | PKR 2,350 |
Gujrat | PKR 203,800 | PKR 2,350 |
Nawabshah | PKR 203,800 | PKR 2,350 |
Chakwal | PKR 203,800 | PKR 2,350 |
Hyderabad | PKR 203,800 | PKR 2,350 |
Nowshehra | PKR 203,800 | PKR 2,350 |
Sargodha | PKR 203,800 | PKR 2,350 |
Faisalabad | PKR 203,800 | PKR 2,350 |
Mirpur | PKR 203,800 | PKR 2,350 |
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