US dollar soars

Karachi: US dollar continues to gain value against Pakistan rupee. The State Bank of Pakistan on Thursday announced the rates applicable for conversion into rupee of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar Bonds and profits thereon by all banks and for providing forward cover on Foreign Currency Deposits Excluding FE 25 deposits on October 12, 2012.

The rates are: US Dollar Rs100.7761, Japanese Yen Rs1.0060, Pound Sterling Rs153.1192 and Euro Rs132.1577.