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 Friday.

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 0.9049 13.05.16

CONVERSION RATES FOR 13TH MAY 2016 FOR FOREIGN CURRENCY
FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE-25 DEPOSITS)

SBP SETTLEMENT VALUE DATE MAY 17, 2016.

USD 104.6819
GBP 151.2443
EUR 119.4315
JPY 0.9588