All Authorised Dealers
in Foreign Exchange,

Dear Sirs,

EXCHANGE RATES

Effective 29th 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                                             

                   25.7000                  24.9290                    25.8285    26.7923  27.7560

        2.        The revised rates at which Authorised Dealers will buy from and sell U.S. Dollar  to the public with effect from 29th 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.      25.6743                24.9033     T.T.&     25.8542   26.8180    27.7817
        Clean                                                   O.D

        O.D.   25.5899                  24.8189