KARACHI – The Pakistani rupee continued its positive trajectory against the US dollar in the interbank market on Thursday with the local currency’s recovery relating to crackdown launched against hoarders and outflows of the foreign currency through unlawful means.
During the intraday trading, PKR moved up against the USD, and hovered at 287.73, with an increase of Rs1.04, in the interbank market.
Yesterday, the Pakistani rupee appreciated 0.36pc to settle at 288.75.
Last week, the government said a crackdown to prevent cross-border smuggling was initiated across Pakistan. The country’s central bank also stepped up supervision of the foreign exchange market, ordering banks to set up separate entities to conduct forex transactions.
The SBP also introduced structural reforms in the exchange companies’ sector to provide better services and to ensure a transparent system.
Pakistani rupee remained stable against the US dollar, and other currencies in the open market on Friday.
On Friday, the US dollar remained stable and was being quoted at 283.2 for buying and 286.15 for selling.
Euro comes down to 308 for buying and 311 for selling. British Pound rate dropped to 358.5 for buying, and 362 for selling.
UAE Dirham AED witnessed slight drop and new rate stands at 77.4 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 | 283.2 | 286.15 |
Euro | EUR | 308 | 311 |
UK Pound Sterling | GBP | 358.5 | 362 |
U.A.E Dirham | AED | 77.4 | 78.1 |
Saudi Riyal | SAR | 76 | 76.8 |
Australian Dollar | AUD | 187.2 | 189 |
Bahrain Dinar | BHD | 757.23 | 765.23 |
Canadian Dollar | CAD | 209 | 211 |
China Yuan | CNY | 39.89 | 40.29 |
Danish Krone | DKK | 41.19 | 41.59 |
Hong Kong Dollar | HKD | 36.41 | 36.71 |
Indian Rupee | INR | 3.42 | 3.53 |
Japanese Yen | JPY | 1.39 | 1.45 |
Kuwaiti Dinar | KWD | 921.71 | 930.71 |
Malaysian Ringgit | MYR | 61.02 | 61.62 |
New Zealand Dollar | NZD | 174.54 | 176.54 |
Norwegians Krone | NOK | 26.05 | 26.35 |
Omani Riyal | OMR | 739.62 | 747.62 |
Qatari Riyal | QAR | 78.22 | 78.92 |
Singapore Dollar | SGD | 211 | 213 |
Swedish Korona | SEK | 27.12 | 27.42 |
Swiss Franc | CHF | 324.94 | 327.44 |
Thai Bhat | THB | 8.06 | 8.21 |
Gold price in Pakistan increased as the yellow metal witnessed an upward trend in the international market.
On Friday, the price of a single tola of 24-karat gold stands at Rs217,400 and 10 grams of 24k gold costs Rs186,390.
Single tola of 22 Karat Gold costs Rs199,282, 21 karat rate for per tola is Rs190,225 and 18k gold rate is Rs163,050 each tola.
In the global market, gold prices hover at around $2026, gaining $8.30 on Friday.
Today Gold Price in Pakistan (8 December 2023)
City | Gold | Silver |
Lahore | PKR 217,400 | PKR 2,583 |
Karachi | PKR 217,400 | PKR 2,583 |
Islamabad | PKR 217,400 | PKR 2,583 |
Peshawar | PKR 217,400 | PKR 2,583 |
Quetta | PKR 217,400 | PKR 2,583 |
Sialkot | PKR 217,400 | PKR 2,583 |
Attock | PKR 217,400 | PKR 2,583 |
Gujranwala | PKR 217,400 | PKR 2,583 |
Jehlum | PKR 217,400 | PKR 2,583 |
Multan | PKR 217,400 | PKR 2,583 |
Bahawalpur | PKR 217,400 | PKR 2,583 |
Gujrat | PKR 217,400 | PKR 2,583 |
Nawabshah | PKR 217,400 | PKR 2,583 |
Chakwal | PKR 217,400 | PKR 2,583 |
Hyderabad | PKR 217,400 | PKR 2,583 |
Nowshehra | PKR 217,400 | PKR 2,583 |
Sargodha | PKR 217,400 | PKR 2,583 |
Faisalabad | PKR 217,400 | PKR 2,583 |
Mirpur | PKR 217,400 | PKR 2,583 |
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