Money Exchange Rates and News

18/02/2025

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Step into the heart of Makkah and witness the powerful spiritual experience of Tawaf, the sacred act of circling the Kaaba. Performed by millions of Muslims ...

16/01/2022

Inter Bank $176.30
Open Market $177.80

03/01/2022

02/04/2020

02/01/2020

Pakistan’s Liquid Foreign Reserves Position

The total liquid foreign reserves held by the country stood at US$ 18,081.4 million on 27-December-2019.The break-up of the foreign reserves position is as under:-

i) Foreign reserves held by the State Bank of Pakistan: US$ 11,489.4 million
ii) Net foreign reserves held by commercial banks : US$ 6,592.0 million
iii) Total liquid foreign reserves : US$ 18,081.4 million

During the week ending 27-December-2019, SBP reserves increased by US$582 million to US$ 11,489.4 million. This increase is attributed to bilateral and multilateral inflows including proceeds of US$ 452.4 million received from IMF under EFF program.

31/12/2019

Happy New Year

13/12/2019

1-Economic Coordination Committee (ECC) of the cabinet on Thursday approved around Rs460 million in a technical supplementary grant to cope up with the emergency of desert locust threat in the country.
https://www.thenews.com.pk/print/582473-ecc-approves-rs460mln-in-grant-to-control-locust-epidemic

2-K-Electric, the country’s only vertically-integrated power utility, aims to raise Rs25 billion through capital-boosting corporate Islamic bonds or sukuk, the company said on Thursday.
https://www.thenews.com.pk/print/582472-ke-plans-to-raise-rs25bln-via-sukuk

3-The International Monetary Fund (IMF) Executive Board meeting is scheduled for December 19 to consider the staff level report and approval of second tranche of about $450 million under the $6 billion Extended Fund Facility (EFF).
https://epaper.brecorder.com/2019/12/13/1-page/814878-news.html

4-The cost of tax exemptions to the national economy has almost doubled to more than Rs1.8 trillion from Rs972 billion as reported in the federal budget 2019-20.
https://www.dawn.com/news/1521988/cost-of-tax-exemptions-soars-past-rs18tr

5-Provincial Minister for Industries & Trade Mian Aslam Iqbal has said that the Punjab government has lifted ban on cement industry after a gap of 12 years so that this sector could also flourish and contribute to the national economy.
https://epaper.brecorder.com/2019/12/13/16-page/814997-news.html

6-The country's total liquid foreign reserves has crossed $16 billion mark end of the week supported by arrival of multilateral and other official inflows.
https://www.brecorder.com/2019/12/13/552876/reserves-crosses-16-billion-mark/

7-Prime Minister Imran Khan Thursday was informed that 32 federal government-owned abandoned properties worth billions of rupees had been identified in major cities for their onward auction to generate revenue and spend it on public welfare.
https://www.brecorder.com/2019/12/13/552712/state-32-owned-abandoned-properties-worth-billions-identified-for-auction-pm-told/

8-The State Bank of Pakistan (SBP) allowed on Thursday banks to make advance payment up to 50 percent of the value of imports against letter of credit for manufacturing concerns.
https://www.brecorder.com/2019/12/12/552638/sbp-allows-importers-up-to-50pc-advance-payment-facility/

9-As many as eleven international companies have expressed their interest in the revival of Pakistan Steel Mills (PSM),
https://epaper.brecorder.com/2019/12/13/20-page/815024-news.html

10-Chairman Federal Board of Revenue (FBR) Shabbar Zaidi has informed the Senate Standing Committee on Finance that revision in tax collection target of Rs 5.5 trillion for the current fiscal year is under consideration and the figure would be shared with the committee.
https://epaper.brecorder.com/2019/12/13/1-page/814877-news.html

11-The US has offered to cut existing tariffs on Chinese goods by as much as 50 per cent and suspend new tariffs expected to go into effect Sunday in an attempt to secure a “Phase One” trade deal.
https://www.dawn.com/news/1521984/us-offers-china-tariff-rate-cut

ISLAMABAD: Economic Coordination Committee of the cabinet on Thursday approved around Rs460 million in a technical supplementary grant to cope up with the emergency of desert locust threat in the...

03/12/2019

https://www.brecorder.com/2019/12/03/549882/country-manages-to-pay-back-1bn-against-sukuk/

Country held to expensive electricity 'ransom' Nepra Chief
https://www.brecorder.com/2019/12/03/549879/country-held-to-expensive-electricity-ransom-nepra-chief/

Sales Tax refunds:PM for making payment system further easier
https://www.brecorder.com/2019/12/03/549881/sales-tax-refunds-pm-for-making-payment-system-further-easier/

837-point rally tosses index above 40,000-level - https://www.dawn.com/news/1520121?ref=whatsapp

Trade deficit contracts further in November - https://www.dawn.com/news/1520125?ref=whatsapp

Dues, faulty design delay CPEC work - https://www.dawn.com/news/1520096?ref=whatsapp

Pakistan Monday paid back some $1 billion on maturity of five-year international Sukuk.Pakistan launched $-denominated Islamic bond worth $1 billion of five-year tenor in the international bond

02/12/2019

Moody's upgrades Pakistan's outlook from negative to stable -

Finance ministry welcomes upgrade, says government "remains fully committed to reforms agenda".

19/11/2019

Asslam O Alikum,
Today currency indicative rates of November 19, 2019

Currency. Buy. Sale

USD 155.00 155.30
GBP 200.50 201.50
EUR 171.20 172.20
SAR 41.25 41.40
Dirham 42.20 42.30
AUD 105.00 106.00
CAD 116.80 118.00

Interbank :155.32

14/11/2019

Asslam O Alikum,
Today currency indicative rates of November 14, 2019

Currency. Buy. Sale

USD 155.10 155.40
GBP 199.00 200.00
EUR 170.50 171.50
SAR 41.25 41.40
Dirham 42.20 42.30
AUD 106.00 107.00
CAD 117.00 118.50

Interbank :155.40