Last Updated at: 12:00:01 PM 2022-05-29
|Last 7 Day QAR to PKR Rates Forecast Table|
|Date||Buying Rates||Selling Rates|
Today according to open market rates 3 QAR to PKR is 166.98 Pakistani Rupee Buying Rate and 168.48 Pakistani Rupee Selling Rate. Usually, QAR to PKR rate depends upon the current political and diplomatic relations of both countries. The trade is based on the current open market currency exchange, and highs and lows follow the currency graph.
Qatari Riyal is an official currency of The State of Qatar. The ISO code of QAR stands Qatari Riyal and has sub-division into 100 Dirham for 1 QAR. QAR banknotes' denominations are 1, 5, 10, 50, 100, 200, 500 riyals, and coins denomination includes 1, 5, 10, 25, 50 dirhams.
Qatar also pegged the currency to the US dollar at the rate of 3.64 against 1 USD. The currency issuance and control are under the command of the Qatar Central Bank. Although QAR is among the stable currency yet, it faced ups and downs during the diplomatic crisis of 2017.
Qatar and Pakistan Relations
Pakistan and Qatar share warm and brotherly relations and host embassies and consulate general Islamabad, Doha, and Karachi. Like most Arab countries are on good ties with Pakistan and share cultural, Educational, and defense system platforms.
Qatar host many Pakistani citizens providing different services in Qatar and sending remittance in the form of QAR to PKR and provide stability to Pak-economy. Besides, Qatar always provides a supporting hand at natural disasters such as floods, earthquakes, and war against terrorism.
Pakistan offers training and educational scholarships for Qatar citizens, and thus need for currency determination is essential to find out the exact price of QAR to PKR. On the other hand, Qatar faced a diplomatic embargo, but Pakistan and Qatar's trade remained unaffected. Rather the growth rate of trade enhanced, and Pakistan's Governmental policies play a vital role in giving no negative stance against Qatar.
Blooming trade QAR to PKR
According to early estimation, the trade between QAR and PKR will reach around $ 9 billion in a few years as Qatar is a great investor in LNG suppliers. However, KSA and other Arab countries have political and diplomatic insecurities with Qatar and have imposed many restrictions on trade and diplomatic affairs. Yet Prime Minister of Pakistan visited Qatar and exchanged honorary Awards as a goodwill gesture and long-term welcome of blooming trade relations.
Both leaders also affirmed PAK-Qatar relations' closeness and agreed to expand bilateral increase in the trade, including agriculture, food sector, energy sectors like LNG and LPG. Qatar is willing to provide Pakistani workers employment opportunities in Qatar. As a result, it will improve Pakistan's remittance from QAR to PKR and reduce unemployment in Pakistan.
According to a survey, Pakistan is 62% cheaper than Qatar, and therefore companies in Qatar hire most of the workforce and labor from Pakistan. Even in some cases, raw material assembled in Pakistan and later transported to Qatar, cost of production in QAR to PKR is less than solely production in Qatar.
ExchangePKR the currency converter
Either you are an official or working in the private sector, and you need a currency converter tool for multiple purposes. Therefore we provide you a currency converting tool that enables you to find the accurate and latest QAR price to PKR and saves your time and money. You can access the tool with ease with an internet connection and a digital device to browse the page.