The open market forex rates in Pakistan depict fairly good stability.
The exchange rate of the US dollar is at a buy rate of 278.60 PKR and a selling rate of 280.10 PKR, and the UK pound sterling is at a buy rate of 349.00 PKR and a selling rate of 352.50 PKR. Currently, one Euro is at 289.50 purchase in PKR and at 292.25 sale in PKR.
For the other currencies, the AUD is 175.00 PKR (buying) and 177.25 PKR (selling); CAD 195.10 PKR (buying) and 197.50 PKR (selling). Currently the Chinese Yuan is at 37.97 PKR for buying and 38.37 PKR for selling.
According to the current exchange rate, the Saudi Riyal, as well as UAE Dirham, is bought at 73.95 PKR and sold at 74.50 PKR, respectively, for the buying rate of UAE Dirham. The Japanese yen has still been offered at 1.77 PKR in buying and 1.83 PKR in the selling price.
These are equilibrium prices that can be altered through changes in market forces of demand; therefore, the people in the trade as well as the end users need to update themselves.
We welcome your contributions to The Pakistan Observer. Submit your blogs, opinion pieces, press releases and news features to our editorial team.
Please send your submissions to our News Desk or Editorial team. We look forward to hearing from writers, journalists and contributors.
