All Authorized Dealers
In Foreign Exchange,

Dear Sirs,

EXCHANGE RATES

Effective 5th January, 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
25.8500 25.0745	25.9793     26.9487 27.9181

2. The revised rates at which Authorised Dealers will buy from and sell U.S. Dollar to the public with effect from 5th January, 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.	25.8242 25.0487	T.T.&	26.9746     26.9746 27.9440
Clean		O.D.
O.D.	25.7393 24.9638