![]() The rate has been updated at 10:35 AM Pakistan Standard Time (PST). 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 Euro (EUR) in Pakistani Rupee (PKR) in the open market on July 29, 2022: READ MORE: Pakistani Rupee to UK Pound Sterling on July 28, 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 295.00 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 July 29, 2022:īuying: Rs 292.00 to the UK Pound Sterling Pakistani Rupee to UK Pound Sterling on July 29, 2022 READ MORE: Pakistani Rupee to UAE Dirham on July 28, 2022 The UAE Dirham /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 10:36 AM Pakistan Standard Time (PST). KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on July 29, 2022: Pakistani Rupee to UAE Dirham on July 29, 2022 READ MORE: Pakistani Rupee to US Dollar on July 28, 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 10:37 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 July 29, 2022: This report is auto-generated from ANI news service. It has lost over 33.20 per cent (or PKR 50.56) to date, compared to the record high of PKR 152.27 recorded in May 2021, reported Geo News. The rupee has maintained a downward trend for the last 13 months. Since the beginning of this fiscal year (July 1, 2021) to date, the rupee has collectively dropped over 30.65 per cent (or PKR 48.29) compared to the previous fiscal year’s close at PKR 157.54. ![]() The IMF on Saturday said that Pakistan will receive USD 1.7 billion in tranches in the coming three to six weeks. Meanwhile, Arif Habib Limited analyst Ahsan Mehnti is hopeful that the currency will recover soon as the IMF deal with the country will give it a “much-needed breather”. This fall in the rupee’s value against the greenback came after traders resorted to panic buying on reports that some commercial banks had run out of foreign currency. ![]() Owing to quarter-end payments and delay in the revival of the International Monetary Fund (IMF) programme, the Pakistani rupee on June 21 breached 211-a-US dollar, losing PKR 2 during intra-day trading. The political uncertainty in the country due to the by-elections in Punjab and the import payment pressure took the currency to its new low, Pakistan-Kuwait Investment Company Head of Research Samiullah Tariq said. “Global rating agencies have put a negative outlook on the economy, so that is an additional burden that is weighing on the financial markets in general and foreign exchange market in particular,” Schezad added.Ī day earlier, The Pakistani rupee has dropped to PKR 212 against the US dollar. He added that the external account issues of Pakistan “are not settled as yet, the International Monetary Fund (IMF) is yet to be on board, and the flows are yet to materialise”. ![]() “The dollar is getting stronger in the global market almost against all the world currencies and the Pakistani Rupee is not exception,” Khurram Schezad, the CEO of investment banking platform Alpha Beta Core, said. It was trading at Rs222 against the dollar in the open market today, local media reported. The currency witnessed the highest day-on-day depreciation since March 26, 2020. ![]()
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