Today’s currency exchange rates in Pakistan for US Dollar (296.7-299.95), Euro (321.5-324.5), Pound (375.5-379), and Riyal (79.15-79.9) on September 17, 2023. The Pakistani rupee continued to gain ground against the US dollar in the open market on Sunday, rising by Rs3.25 against the greenback. The rupee also appreciated against a number of other currencies, including the euro, pound sterling, and Saudi riyal. The rupee’s appreciation against the dollar is good news for Pakistani consumers and businesses as it will make imports cheaper and boost exports.
KARACHI, PAKISTAN – The Pakistani rupee continued to gain ground against the US dollar in the open market on September 17, 2023 (Sunday), rising by Rs 3.25 against the greenback. According to the Forex Association of Pakistan, the rupee had gained Rs3.25 against the dollar and was changing hands at Rs296.7 at 09:00 AM. It said that the dollar was selling for 299.95 in the open market while it was being bought for 296.7.
The rupee’s appreciation against the dollar comes as the country’s foreign exchange reserves have increased in recent months. The State Bank of Pakistan’s (SBP) foreign exchange reserves stood at $17.5 billion on September 8, 2023, up from $16.4 billion a month earlier.
The rupee’s gains against the dollar are also being attributed to the government’s efforts to improve the country’s economic fundamentals. The government has taken a number of steps in recent months to reduce the budget deficit, improve tax collection, and promote exports.
The rupee’s appreciation against the dollar is good news for Pakistani consumers and businesses. It will make imports cheaper and boost exports. It will also help to reduce inflation and improve the country’s economic outlook.
Today’s currency exchange rates in Pakistan – Dollar, Euro, Pound, Riyal rates on Sept 17, 2023
In addition to the US dollar, the Pakistani rupee also appreciated against a number of other currencies on September 17, 2023. The rupee gained Rs1 against the euro, Rs1.5 against the British pound sterling, and Rs0.8 against the Saudi riyal.
Today’s currency exchange rates in Pakistan – Dollar, Euro, Pound, Riyal rates on Sept 17, 2023
| Currency | Symbol | Buying | Selling |
|---|---|---|---|
| US Dollar To PKR | USD | 296.7 | 299.95 |
| Euro To PKR | EUR | 321.5 | 324.5 |
| UK Pound Sterling To PKR | GBP | 375.5 | 379 |
| U.A.E Dirham To PKR | AED | 81.7 | 82.5 |
| Saudi Riyal To PKR | SAR | 79.15 | 79.9 |
Impact on Consumers and Businesses
The rupee’s appreciation against the dollar is good news for Pakistani consumers and businesses. It will make imports cheaper and boost exports. It will also help to reduce inflation and improve the country’s economic outlook.
Consumers will benefit from the rupee’s appreciation as it will make imported goods and services cheaper. This will boost their purchasing power and help to improve their standard of living.
Businesses will also benefit from the rupee’s appreciation as it will make their exports more competitive. This will help them to increase their sales and profits. The rupee’s appreciation will also make it cheaper for businesses to import raw materials and machinery. This will help to reduce their costs and improve their efficiency.
Overall, the rupee’s appreciation against the dollar is a positive development for the Pakistani economy. It will benefit consumers, businesses, and the economy as a whole.
