Circulars

EXCHANGE RATES

June 28, 1997
44258

All Authorized Dealers
In Foreign Exchange,

Dear Sirs,

EXCHANGE RATES

Effective 28th June, 1997 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 SPOT
40.4600 40.6623

2. The revised rates at which Authorised Dealers will buy from and sell U.S. Dollar to the public with effect from 28thJune,1997 are as under :-

BUYING PER U.S. DOLLAR SELLING PER U.S. DOLLAR
SPOT SPOT
T.T. 40.4195 T.T.& 40.7028
Clean O.D.
O.D. 40.2866

Yours sincerely,

M.IBRAHIM QURESHI
Joint Director