Pakistan's Financial Markets Association Issues Foreign Exchange Rate Bulletin for September 18
The Exchange Rates Committee of the Financial Markets Association of Pakistan released conversion rates for forward cover and deposits, with the settlement value date set for September 22, 2026.
KARACHI — The Exchange Rates Committee of the Financial Markets Association of Pakistan issued a foreign exchange rates bulletin on Friday, according to the Associated Press of Pakistan (APP).
The bulletin outlines conversion rates for foreign currency applicable to forward cover for deposits, excluding FE-25 deposits, for September 18, 2026. The State Bank of Pakistan (SBP) settlement value date for these rates is listed as September 22, 2026, APP reported.
Among the currencies listed, the US dollar was quoted at 277.2266 Pakistani rupees, according to the bulletin cited by APP. Rates for other currencies, including the British pound, were referenced in the source but not fully detailed in the available excerpt.
The Financial Markets Association of Pakistan regularly issues such bulletins to guide currency conversion for financial institutions dealing in forward cover arrangements tied to deposits held in Pakistan, as reported by APP.
Further details on the complete set of currency rates included in the bulletin were not available in the source material.
Sources
- Foreign exchange rates — APP (Pakistan)
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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