Pakistani Rupee to UAE Dirham on September 13, 2022 Pakistani Rupee to UK Pound Sterling on September 12, 2022 The UK Pound Sterling /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand. Selling: Rs 279.80 to the UK Pound Sterling KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on September 13, 2022:īuying: Rs 277.00 to the UK Pound Sterling Pakistani Rupee to UK Pound Sterling on September 13, 2022 Pakistani Rupee to Euro on September 12, 2022 The Euro /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand. KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on September 13, 2022: Pakistani Rupee to Euro on September 13, 2022 Pakistani Rupee to Saudi Riyal on September 12, 2022 The Saudi Riyal /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand. The selling rate means an exchange company or a bank sells for foreign currency from a customer. KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on September 13, 2022: Pakistani Rupee to Saudi Riyal on September 13, 2022 Pakistani Rupee to US Dollar on September 12, 2022 The US Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand. The rate has been updated at 09:00 AM Pakistan Standard Time (PST). The selling rate means an exchange company or a bank sells the foreign currency from a customer. The buying rate means an exchange company or a bank buys foreign currency from a customer. ThePrint holds no responsibility for its content.KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on September 13, 2022: This report is auto-generated from ANI news service. It created a higher demand in the interbank,” the former adviser said adding that exporters hold their proceeds during depreciation to yield a better rate in the future. “With the pronounced rupee slide, financial institutions tried to cover import payments. The former adviser to the finance ministry Dr Khaqan Hassan Najeeb said that the political uncertainty and a Fitch ratings downgrade has influenced the free fall of the rupee, local media reported. “The depreciation this week, amongst other factors, has been triggered by the political surprise that the electorate delivered in Punjab on the weekend, and this frenzy should fizzle out soon,” Development economist Maha Rahman said. The data released by the State Bank of Pakistan (SBP) showed that the rupee fell to as low as 229 during the intraday trade, but it closed at PKR 228.27.Īnalysts have said that the political uncertainty in the country due to the by-elections in Punjab and the delay in the International Monetary Fund’s (IMF) programme has contributed to the slump of the Pakistani rupee. On Friday, the Pakistani rupee surpassed all prior records against the US dollar after hitting a fresh record low of PKR 228 against the dollar in the interbank market. “I reiterate political uncertainty is weakening market sentiment and leading to more PKR depreciation,” Ali added. “Note that BoP (balance of payments) pressures on the currency have eased, as per the SBP, which asserts that Pakistan has enough capital commitments for the next 12 mths to take care of its dollar outflows,” he said. “Markets are responding to these shocks in an unfairly broad-brush way, without paying enough attention to Pakistan’s relative strengths,” Acting governor of Pakistan’s central bank Murtaza Syed said.Ĭapital marker expert Muhammad Saad Ali said there has been a slump in the rupee due to the rise in the political uncertainty in the Punjab province, local media reported.
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