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. Published in Dawn, August 21st, 2022 Now you can follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the - Islamabad Pakistan Currency Exchange Rate ConverterĮxchange Rate Home > Foreign Exchange Cities > Islamabad The arrival of foreign currencies in the open market has dropped to the range of $1-2 million per day, while it was around $4m per day.Ĭurrency dealers said the open market could see more shortages in the coming days since exportable foreign currencies have declined. Now no Pakistani can take this risk,” said Mr Bostan. They also bring cash from their colleagues to directly handover the cash to their families in Pakistan. “Many people from the Middle East arrive with cash in riyals and dirhams. Higher dirham demand, in fact, created a shortage of dollars.Īt the same time, the government’s new move asks people to declare their cash and other valuables at the time of departure and arrival.Ĭurrency dealers said the declaration of cash and valuables at the time of arrival in their own country does not make sense in fact, it has created a fear that declared cash and valuables could put them in trouble. “The dirham is not available in the open market while the price has also gone up,” he said, adding that those available foreign currencies are exported to Dubai to bring back an equal amount of US dollars. The calculations show that 4,200 Pakistanis require about 21 million dirhams each day to land in Dubai. Recently, Dubai authorities have asked Pakistanis to have 5,000 dirhams when landing at Dubai airport. “Each Pakistani needs to declare 5,000 dirhams at the UAE airport at the time of landing this week, which suddenly created a shortage,” said Malik Bostan, president of the forex association, adding that 21 flights from Pakistan land in Dubai each day, carrying a total of 4,200 Pakistanis per day. Banking markets are closed on Saturday.Ĭurrency dealers said that the latest development has created a shortage of foreign currency, particularly the UAE dirham, and ultimately exportable currencies declined. The Forex Association of Pakistan reported the dollar traded at a price of Rs218 in the open market on Saturday, while the inter-bank dollar rate was Rs214.65 on Friday. KARACHI: After a long time, the open market is running short of US dollars, which increased the price compared to the interbank rate of the greenback.
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