Money

Currency : Pakistani Rupee (PRe, singular; PRs, plural) = 100 paisa. Notes are in denominations of PRs1000, 500, 100, 50, 10, 5, 2 and 1. Coins are in denominations of PRs2 and 1, and 50 and 25 paisa.

Credit & debit cards : American Express is the most widely accepted card. MasterCard and Visa are also good, but Diners Club and other cards have more limited use. Check with your credit, or debit, card company for details of merchant acceptability and other services which may be available.

Travellers cheques : Generally accepted at most banks, 4- and 5-star hotels and major shops. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars or Pounds Sterling.

Exchange rate indicators :
The following figures are included as a guide to the movements of the Pakistani Rupee against Sterling and the US Dollar :

 Date

Aug 02

Nov 02

Feb 03

May 03

 1.00=

90.53

92.54

92.51

94.36

 $1.00=

59.52

58.52

58.10

57.62

Currency restrictions : The import and export of local currency is limited to PRs100 in denominations of PRs10 or less (the import of banknotes in denominations of PRs50 and PRs100 or more is prohibited). The import and export of foreign currency are unlimited. Up to Prs500 may be reconverted into foreign currency, provided official exchange receipts are shown.

Banking hours :
Mon-Sat 0900-1330, Fri 0900-1230.

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Information provided by Embassy of the Islamic Republic of Pakistan.

 

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