Business News

Foreign exchange rates

KARACHI, (APP): The Exchange Rates Committee of Financial
Markets Association of Pakistan issued the following exchange rates bulletin, here on Monday.

LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS
VIDE SBP F.E. CIRCULAR NO.42 & 21.07.98 & 04.08.98 RESPECTIVELY.

LIBOR VALUE
6 MONTHS US DOLLAR 0.9571 23.05.16

CONVERSION RATES FOR 23RD MAY 2016 FOR FOREIGN CURRENCY
FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE-25 DEPOSITS)

SBP SETTLEMENT VALUE DATE MAY 22, 2016.

USD 104.8087
GBP 152.6014
EUR 117.5534
JPY 0.9496