Money

Timeless Travels Magazine - - PAKISTAN -

Cur­rency: The na­tional cur­rency of Pak­istan is the Pak­istani ru­pee (PKR). Large val­ues of ru­pees are counted in terms of thou­sands, lakh (100 thou­sand) and crore (10 mil­lion), 1 Arab (1 bil­lion), 1 Kharab (100 bil­lion). Ban­knotes are is­sued in val­ues of Rs 5, 10, 20, 50, 100, 500 and 1000 de­nom­i­na­tions (al­though the lat­ter are hardly used).

US Dol­lars and Euros are the eas­i­est and most re­li­able cur­ren­cies to ex­change in Pak­istan. In­ter­na­tional air­ports have 24-hour ex­change bu­reaux. How­ever, you will get a bet­ter rate in the ex­change bu­reaux around the city, usu­ally clumped to­gether in the same district. A recommended place in La­hore to change your money is at Char­ing Cross on the Mall Road or at the Anarkali Bazaar.

Credit Cards: High-end busi­nesses will ac­cept Visa and Mastercard and rarely Amer­i­can Ex­press. Smaller shops and restau­rants, cabs, buses and pri­vate driv­ers and tour guides pre­fer pay­ment in cash, and lo­cal cur­rency. ATMs are widely avail­able, al­though can be un­re­li­able out­side the city.

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