All Authorized Dealers
In Foreign Exchange,

Dear Sirs,

EXCHANGE RATES

Effective 2nd February, 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
30.3000 29.3910	30.4515      31.9665 33.4815

2. The revised rates at which Authorised Dealers will buy from and sell U.S. Dollar to the public with effect from 2nd February, 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.	30.2697 29.3607	T.T.&	30.4818    31.9968 33.5118
Clean		O.D.
O.D.	30.1702 29.2612