Author: Zeeshan Amhad

As global commodity prices continue to escalate, Pakistan is contemplating a significant increase in petroleum prices. The potential hike could range from Rs. 12 to Rs. 22 per liter, as revealed in the upcoming bi-monthly review. Tahir Abbas, the Head of Research at Arif Habib Limited (AHL), in a recent conversation with The Express Tribune, indicated that if international oil costs persist in their upward trajectory, the government might be compelled to raise rates beyond the projected Rs. 12-22 per liter. This comes on the heels of a recent surge in petrol and gasoline prices by approximately Rs. 20 per…

Today on 3 August 2023 Euro to Pakistani Rupee (EUR to PKR) rate in Pakistan is Rs 312.26. The State Bank of Pakistan (SBP) provided the closing exchange rate at the end of the business day. The State Bank of Pakistan (SBP) publishes the interbank closing rate for Euro (EUR) to Pakistani Rupee (PKR) at the final hour of the business day (Monday to Friday). Meanwhile, the open market EUR to PKR rate is often somewhat higher than the interbank rate supplied by banks when getting foreign currency from consumers. It is also worth noting that all incoming payments to customers’…

Today on 3 August 2023 Dirham rate in Pakistan (AED to PKR) is Rs 77.70. The State Bank of Pakistan (SBP) provided the closing exchange rate at the end of the business day. The State Bank of Pakistan (SBP) publishes the interbank closing rate for UAE Dirham (AED) to Pakistani Rupee (PKR) at the final hour of the business day (Monday to Friday). Meanwhile, the open market AED to PKR rate is often somewhat higher than the interbank rate supplied by banks when getting foreign currency from consumers. It is also worth noting that all incoming payments to customers’ bank accounts…

Today on 3 August 2023 British Pound rate in Pakistan (GBP to PKR) is Rs 363.10. The State Bank of Pakistan (SBP) provided the closing exchange rate at the end of the business day. The State Bank of Pakistan (SBP) publishes the interbank closing rate for the British Pound (GBP) to the Pakistani Rupee (PKR) at the final hour of the business day (Monday to Friday). Meanwhile, the open market GBP to PKR rate is often somewhat higher than the interbank rate supplied by banks when getting foreign currency from consumers. It is also worth noting that all incoming payments to…

The United Arab Emirates (UAE) has announced an increase in fuel prices for the month of August, as per a statement released by the UAE fuel pricing committee. The revised prices will come into effect from the 1st of August. The price for Super 98 fuel will be 3.14 AED per litre, marking an increase from July’s price of 3.00 AED. Special 95 fuel will now cost 3.02 AED per litre, up from 2.89 AED in July. E-Plus 91 fuel will be priced at 2.95 AED per litre, a rise from June’s price of 2.81 AED. Diesel prices will also…

Today on 2 August 2023 Euro to Pakistani Rupee (EUR to PKR) rate in Pakistan is Rs 315.18. The State Bank of Pakistan (SBP) provided the closing exchange rate at the end of the business day. The State Bank of Pakistan (SBP) publishes the interbank closing rate for Euro (EUR) to Pakistani Rupee (PKR) at the final hour of the business day (Monday to Friday). Meanwhile, the open market EUR to PKR rate is often somewhat higher than the interbank rate supplied by banks when getting foreign currency from consumers. It is also worth noting that all incoming payments to customers’…

Today on 2 August 2023 Dirham rate in Pakistan (AED to PKR) is Rs 78.18. The State Bank of Pakistan (SBP) provided the closing exchange rate at the end of the business day. The State Bank of Pakistan (SBP) publishes the interbank closing rate for UAE Dirham (AED) to Pakistani Rupee (PKR) at the final hour of the business day (Monday to Friday). Meanwhile, the open market AED to PKR rate is often somewhat higher than the interbank rate supplied by banks when getting foreign currency from consumers. It is also worth noting that all incoming payments to customers’ bank accounts…

Today on 2 August 2023 British Pound rate in Pakistan (GBP to PKR) is Rs 366.80. The State Bank of Pakistan (SBP) provided the closing exchange rate at the end of the business day. The State Bank of Pakistan (SBP) publishes the interbank closing rate for the British Pound (GBP) to the Pakistani Rupee (PKR) at the final hour of the business day (Monday to Friday). Meanwhile, the open market GBP to PKR rate is often somewhat higher than the interbank rate supplied by banks when getting foreign currency from consumers. It is also worth noting that all incoming payments to…

Finance Minister Ishaq Dar declared a substantial increase in the petrol price by Rs19.95 per litre, setting the new price at Rs272.95. This decision was made as part of the upcoming fortnightly review and is said to be in the nation’s best interest. The announcement, initially scheduled for July 31, was postponed as the government deliberated on the potential impact this could have on citizens already grappling with inflation. The aim was to either maintain or reduce the rates, but the hike was deemed inevitable due to prior commitments with the International Monetary Fund (IMF). This will be the last…

Today on 1 August 2023 Euro to Pakistani Rupee (EUR to PKR) rate in Pakistan is Rs 315.41. The State Bank of Pakistan (SBP) provided the closing exchange rate at the end of the business day. The State Bank of Pakistan (SBP) publishes the interbank closing rate for Euro (EUR) to Pakistani Rupee (PKR) at the final hour of the business day (Monday to Friday). Meanwhile, the open market EUR to PKR rate is often somewhat higher than the interbank rate supplied by banks when getting foreign currency from consumers. It is also worth noting that all incoming payments to customers’…

Today on 1 August 2023 Dirham rate in Pakistan (AED to PKR) is Rs 78.10. The State Bank of Pakistan (SBP) provided the closing exchange rate at the end of the business day. The State Bank of Pakistan (SBP) publishes the interbank closing rate for UAE Dirham (AED) to Pakistani Rupee (PKR) at the final hour of the business day (Monday to Friday). Meanwhile, the open market AED to PKR rate is often somewhat higher than the interbank rate supplied by banks when getting foreign currency from consumers. It is also worth noting that all incoming payments to customers’ bank accounts…

Today on 1 August 2023 British Pound rate in Pakistan (GBP to PKR) is Rs 367.65. The State Bank of Pakistan (SBP) provided the closing exchange rate at the end of the business day. The State Bank of Pakistan (SBP) publishes the interbank closing rate for the British Pound (GBP) to the Pakistani Rupee (PKR) at the final hour of the business day (Monday to Friday). Meanwhile, the open market GBP to PKR rate is often somewhat higher than the interbank rate supplied by banks when getting foreign currency from consumers. It is also worth noting that all incoming payments to…

Today 31 July 2023 Canadian Dollar rate in Pakistan (CAD to PKR) is Rs 215.68. The State Bank of Pakistan (SBP) provided the closing exchange rate at the end of the business day. The State Bank of Pakistan (SBP) publishes the interbank closing rate for the Canadian Dollar (CAD) to the Pakistani Rupee (PKR) at the final hour of the business day (Monday to Friday). Meanwhile, the open market CAD to PKR rate is often somewhat higher than the interbank rate supplied by banks when getting foreign currency from consumers. It is also worth noting that all incoming payments to customers’…

Today on 31 July 2023 Saudi Riyal rate in Pakistan (SAR to PKR) is Rs 76.06. The State Bank of Pakistan (SBP) provided the closing exchange rate at the end of the business day. The State Bank of Pakistan (SBP) publishes the interbank closing rate for Saudi Riyal (SAR) to Pakistani Rupee (PKR) at the final hour of the business day (Monday to Friday). Meanwhile, the open market SAR to PKR rate is often somewhat higher than the interbank rate supplied by banks when getting foreign currency from consumers. It is also worth noting that all incoming payments to customers’ bank…

Today 31 July 2023 Dollar rate in Pakistan (USD to PKR) is Rs 285.31. The State Bank of Pakistan (SBP) provided the closing exchange rate at the end of the business day. The State Bank of Pakistan (SBP) publishes the interbank closing rate for the Dollar (USD) to Pakistani Rupee (PKR) at the final hour of the business day (Monday to Friday). Meanwhile, the open market USD to PKR rate is often somewhat higher than the interbank rate supplied by banks when getting foreign currency from consumers. It is also worth noting that all incoming payments to customers’ bank accounts are…