Circulars

EXCHANGE RATES

March 03, 1994
44310

All Authorized Dealers
In Foreign Exchange,

Dear Sirs,

EXCHANGE RATES

Effective 3rd March, 1994 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
30.5000 29.5850 30.6525 32.1775
33.7025

2. The revised rates at which Authorised Dealers will buy from and sell U.S. Dollar to the public with effect from 7th April, 1994 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. 30.4695 T.T.& 30.6830
29.5545 32.2080
Clean O.D. 33.7330
O.D. 30.3693
29.4543

Yours sincerely,

M.IBRAHIM QURESHI
Deputy Director