Just in May 2019, the dollar went up by almost PKR 10 rupees and reached an all-time high of PKR 154.2. Widening trade deficit and increasing pressure of the funds borrowed from the World Bank and the IMF are some of the main reasons why the US dollar is gaining strength against Pakistani rupee day by day, almost literally.
In 2012, the US dollar reached its record high price in Pakistan’s open market as it crossed the mark of PKR 100. The surge continued in the following years. Multiple factors such as global war on terrorism, political instability in the region and decreasing imports at that time had caused the rate of dollar to go further up and in the mid 2000s it was at around PKR 60. The chart above shows you the lowest dollar price in Pakistan, over the past two decades, of around PKR 52, which was in 2000. There has been a significant surge in the value of the dollar against the Pakistani rupee over the course of the last 20 years Dollar rate in Pakistan has shown a significant increase in the last two decades It is a global currency that is used in international trade between Pakistan and rest of the world. The US dollar is one of the top performing currencies in the world. Rising Dollar Rate in Pakistan Since 2000 Have a look at the chart below showing a gradual but substantial increase in dollar rate since 2000. The rate of dollar in Pakistani market has been continually rising for the last two decades. Was the dollar price in Pakistan always above PKR 150? Of course, not. Rise of imports, decreasing remittance and, most importantly, the agreement on the terms laid down by the International Monetary Fund (IMF) are constantly devaluing the local currency against the dollar. But before you start weighing in on the subject with a colleague at the office or your workout buddy at the gym, remember that there are various factors behind the increasing dollar value against the Pakistani rupee. Allama Iqbal Open University in Islamabad is the world's largest university by enrollment.The increasing US dollar rate in Pakistan has left everyone, for lack of a better word, astonished. Islamabad is home to the top ranked university in Pakistan, Quaid-i-Azam University, and the top two engineering universities in the country, the Pakistan Institute of Engineering & Applied Sciences and National University of Sciences and Technology. Islamabad has the highest literacy rate in Pakistan. The city is home to Faisal Mosque, the largest mosque in South Asia and the sixth largest mosque in the world. Islamabad was ranked as a Gamma world city in 2008. The city is well-organized, being divided into different sectors and zones. According to a survey, Islamabad is considered the cleanest city in Pakistan. Islamabad is the greenest city of pakistan and the most planned one. The city was built during the 1960s to replace Karachi as Pakistan's capital. The region has historically been a part of the crossroads of Punjab and Khyber Pakhtunkhwa, Margalla pass being a gateway to the Khyber Pakhtunkhwa. Islamabad is located in the Pothohar Plateau in the north of the country, within the Islamabad Capital Territory. The Rawalpindi/Islamabad Metropolitan Area is the third largest in Pakistan, with a population of over 4.5 million inhabitants. Islamabad is the capital of Pakistan, and is the tenth largest city in Pakistan with an estimated population of 1.74 million in 2009. Islamabad Currency Converter, Pakistan Rupee (PKR) Amount:
Also, before your trip, consult with your credit or debit card bank about the foreign exchange transaction fees charged for using your card in Islamabad, Pakistan. If on holiday, vacation, or business you can also inquire about purchasing travellers checks (Travellers Cheques). You can do that by researching online currency brokers that do foreign exchange. You should consider purchasing the Pakistan Rupee currency at a more favorable exchange rate before you arrive in Islamabad. You may be able to exchange your money at the Islamabad airport, but exchange rates may not be the best. Look for signs that say Bureau De Change, Geld Wechseln or Cambio. You may exchange your money for the Pakistan Rupee at most Islamabad banks or at specialized stores called Foreign Exchange Bureaus. If you are traveling to Islamabad, you will need to exchange your currency for the Pakistani Rupee. The currency used in Islamabad is the Pakistan Rupee. Use the currency converter below to calculate the current exchange rate for the city of Islamabad. Islamabad Pakistan Currency Exchange Rate ConverterĮxchange Rate Home > Foreign Exchange Cities > Islamabad
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