All Authorized Dealers
In Foreign Exchange,

Dear Sirs,

EXCHANGE RATES

Effective 6th January, 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
30.1900 29.2843	30.3410      31.4731 32.6053

2. The revised rates at which Authorised Dealers will buy from and sell U.S. Dollar to the public with effect from 6th January, 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.	30.1598 29.2541	T.T.&	30.3712    31.5033 32.6355
Clean		O.D.
O.D.	30.0606 29.1549