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 Wednesday.

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 0.8816 24.02.16

CONVERSION RATES FOR FEB 24RD 2016 FOR FOREIGN CURRENCY
FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE-25 DEPOSITS)

SBP SETTLEMENT VALUE DATE FEBRUARY 26’2016.

USD 104.7840
GBP 148.0179
EUR 115.3043
JPY 0.9352