Karachi: The US Dollar to Pakistani Rupee (USD to PKR) interbank closing exchange rate is Rs. 277.87, according to the State Bank of Pakistan. Currently, the British Pound (GBP) to Pakistani Rupee (PKR) interbank closing exchange rate is Rs. 335.11. On March 7, 2023, the Saudi Riyal (SAR) closed at Rs. 74.03 in relation to the Pakistani Rupee (PKR). In relation to PKR, the dirham (AED) also closed at Rs. 75.66. According to the State Bank of Pakistan, the exchange rate between the Euro (EUR) and Pakistani Rupee (PKR) at the close of the interbank market was Rs. 297.14.
On March 6, 2023, Pakistan’s exchange rate for the dollar was 278.46 rupees. At the start of today’s business day, this was the interbank exchange rate between the US dollar and the Pakistani rupee. It is important to note that the interbank rates and open market rates offered by banks or foreign exchange companies are slightly higher than this Dollar to PKR (US Dollar to Pakistani Rupee Rate in Pakistan).
While outgoing transactions are charged at open market rates, all incoming remittances are credited to clients’ accounts based on the interbank rate. In essence, banks charge clients open market rates when they purchase foreign currency and interbank rates when they sell it.
Meanwhile, The per tola price of 24 karat gold decreased by Rs.700 and was sold at Rs.197,300 on Tuesday against its sale at Rs.198,000 the previous day, All Sindh Sarafa Jewellers Association reported.
The price of 10 grams of 24 karat gold also decreased by Rs.600 to Rs.169,153 from Rs.169,753, whereas the price of 10 grams 22 karat gold decreased to Rs.155,057 from Rs.155,607 respectively.
The price of per tola and ten-gram silver remained unchanged at Rs.2,140 and 1,834.70 respectively.
The price of gold in the international market decreased by US$7 to $1,842 against its sale at $1,849, the association reported.
Agencies
