All Authorized Dealers
In Foreign Exchange,

Dear Sirs,

EXCHANGE RATES

Effective 2nd March, 1993 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 UPTO 6 MONTHS SPOT  & FORWARD UPTO 12 MONTHS	SPOT  & FORWARD UPTO 6 MONTHS SPOT  & FORWARD UPTO 12 MONTHS
26.3000 25.5110	26.4315    27.4178 28.4040

The revised rates at which Authorised Dealers will buy from and sell U.S. Dollar to the public with effect from 2nd March, 1993 are as under :-

BUYING PER U.S. DOLLAR		SELLING PER U.S. DOLLAR
SPOT  & FORWARD UPTO 6 MONTHS SPOT  & FORWARD UPTO 12 MONTHS		SPOT  & FORWARD UPTO 6 MONTHS SPOT  & FORWARD UPTO 12 MONTHS
T.T.	26.2737 25.4847	T.T.&	26.4578    27.4441 28.4303
Clean		O.D.
O.D.	26.1873 25.3983