All Authorised Dealers
in Foreign Exchange,

Dear Sirs,

EXCHANGE RATES

Effective 24th December, 1992 the State Bank of Pakistan will undertake purchase and sale of U.S. Dollar from and to Authorised Dealers at the following rates :-

BUYING PER U.S. DOLLAR                                  SELLING PER U.S. DOLLAR

                 SPOT & FORWARD       FORWARD                            FORWARD                           FORWARD          

                      UPTO                                UPTO                                      SPOT            UPTO          UPTO

                      6 MONTHS                       12 MONTHS                                               6 MONTHS    12 MONTHS

                                  

                   25.6500                  24.8805                    25.7783    26.7402  27.7021

        2.        The revised rates at which Authorised Dealers will buy from and sell U.S. Dollar  to the public with effect from 24th December, 1992 are as under :-  

               

               

                BUYING PER U.S. DOLLAR                                  SELLING PER U.S. DOLLAR

                 SPOT & FORWARD       FORWARD                            FORWARD                           FORWARD          

                      UPTO                                UPTO                                      SPOT            UPTO          UPTO

                      6 MONTHS                       12 MONTHS                                               6 MONTHS    12 MONTHS

        T.T.      25.6244                24.8549     T.T.&     25.8040  26.7659       27.7278
        Clean                                                   O.D

        O.D.   25.5402                  24.7707