All Authorised Dealers
in Foreign Exchange,

Dear Sirs,

EXCHANGE RATES

Effective 23rd December, 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     FORWARD                                         FORWARD     FORWARD          

                      UPTO                                UPTO                                 SPOT        UPTO               UPTO

                      6 MONTHS                    12 MONTHS                                          6 MONTHS    12 MONTHS    

                   30.1200                  29.2164                    30.2706     31.4001        32.5296

        2.        The revised rates at which Authorised Dealers will buy from and sell U.S. Dollar  to the public with effect from 23rd December,1993 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.      30.0899                   29.1863     T.T.&     30.3007      31.4302       32.5597
        Clean                                                      O.D

        O.D.   29.9910                   29.0874