Some 79 classic and modern Iranian artworks went under the hammer and generated total proceeds of more than over 422 billion rials, the equivalent of $3.2 million at the current open market rate
of about 130,000 rials to the dollar.
He said, 10 kg wheat flour bag was being supplied at Ramazan Bazaars at Rs 290 subsidized rate as compared to open market rate
of Rs 450.
During former president, Mahmoud Ahmadinejad's regime, banks refused to pay customers their foreign currency deposits back in US dollars and instead paid them the equivalent in local currency at the official rate, which was much less than the open market rate
The State Bank held its third meeting in five days with the heads of exchange companies to find ways of bringing the open market rate
However, the open market rate
of dollar closed at Rs142.30, according to Forex Association of Pakistan.
Aside from the subsidies for the cost of the pilgrimage itself, the Iranian government has approved an extra $200 per pilgrim, also to be sold below the open market rate
It is estimated that interest paid on such accounts will be less as compared to interest paid on foreign loans, iv) conversion rate for the money remitted or withdrawn from accounts should correspond well to the prevailing open market rate
, v) incentive packages for returning migrants in terms of tax relief, allocating cites in their home towns may be introduced to start their own business.
ISLAMABAD -- The Federal Board of Revenue (FBR) has decided to establish the 'directorate of immovable property' in order to enable the transfer of land on the open market rate
Consumers are paying more for different flour varieties due to higher support price while millers also adjust flour price depending on the open market rate
According to this plan, the first five priority groups were supposed to receive the currency needed at the official dollar rate of 12,260 Rial from the Central Bank; others were to obtain their requirements at the open market rate
. But after unsuccessful foreign currency distributions to producers and importers, the government decided to stop providing official dollar rates to all groups.
The semi-official Fars news agency said Wednesday's devaluation by the Central Bank was aimed at introducing a single exchange rate, rather than one official rate and one open market rate
It said the first tranche of commercial paper will be bought at a discount of 0.52% to the open market rate