Circulars

EXCHANGE RATES

October 15, 1997
44270

All Authorized Dealers
In Foreign Exchange,

Dear Sirs,

EXCHANGE RATES

Effective 15th October, 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. DOLLARSELLING PER U.S. DOLLAR
SPOT SPOT
44.050044.2703

2. The revised rates at which Authorised Dealers will buy from and sell U.S. Dollar to the public with effect from 15th October,1997 are as under :-

BUYING PER U.S. DOLLARSELLING PER U.S. DOLLAR
SPOT SPOT
T.T. 44.0060T.T.&44.3144
Clean O.D.
O.D.43.8613

Yours sincerely,

KHAN MUHAMMAD
Deputy Director