DEFINITION of 'PKR (Pakistani Rupee)'

The currency abbreviation or currency symbol for the Pakistani rupee (PKR), the currency of Pakistan. The Pakistani rupee is made up of 100 paisa and is often represented by the symbol Rp.

Also known as rupees, rupaya, or rupaye.

BREAKING DOWN 'PKR (Pakistani Rupee)'

When Pakistan became independent from Britain in 1947, the Pakistani rupee replaced the Indian rupee. The rupee was decimalized in 1961, replacing the 16 annas that the rupee was originally divided into with 100 paisa.

RELATED TERMS
  1. PKR

    In currencies, this is the abbreviation for the Pakistani Rupee.
  2. INR

    The currency abbreviation or currency symbol for the Indian rupee ...
  3. INR (Indian Rupee)

    The currency abbreviation or currency symbol for the Indian rupee ...
  4. LKR (Sri Lankan Rupee)

    The currency symbol for the Sri Lankan rupee (LKR), the currency ...
  5. MUR (Mauritius Rupee)

    The currency abbreviation for the Mauritius rupee (MUR), the ...
  6. NPR (Nepalese Rupee)

    The currency abbreviation or currency symbol for the Nepalese ...
Related Articles
  1. Investing

    The Pros and Cons of a Fully Convertible Rupee

    Amid the rising economic power of India, the talks of making the Indian currency fully convertible are gaining momentum. We look at the pros and cons.
  2. Investing

    India’s Dollar Reserves Hit Record Levels

    According to a statement released by the Reserve Bank of India on Friday, India’s dollar reserves reached its record of $355.95 billion, capping a third consecutive week of growth and marking ...
  3. Insights

    Interesting Facts About Imports And Exports

    Imports and exports exert a profound influence on the consumer and the economy. Learn what affects these figures, and in turn how these figures affect the economy.
  4. Investing

    Three Currencies Benefiting From Low Oil Prices

    The Indian rupee is clearly the biggest beneficiary of the slide in oil prices, followed by the Indonesian rupiah and British pound.
  5. Investing

    5 Emerging Markets Currencies to Consider in 2016

    Take a look at five emerging market currencies that could show strength in 2016, despite expectations that most emerging economies will continue to struggle.
  6. Retirement

    The Cheapest Places to Retire in India

    Outside the major metroplexes of Mumbai and Delhi are many quieter locations ideal for retirees – and they offer less expensive living costs as well.
  7. Insights

    Chinese Yuan Devaluation Can Impact India

    Learn why China's unexpected devaluation in August 2015 of its national currency, the yuan renminbi, could impact India’s economy.
  8. Investing

    Indian Rupee Tumbles on Rajan’s Exit

    Markets disappointed with Indian RBI governor, Raghuram Rajan's decision to not seek a second term.
  9. Insights

    Indian Banking Regulations -- What You Didn't Know

    Through these regulations, the Reserve Bank of India steers India's banking sector away from risk and toward its goals for India's economy and society.
RELATED FAQS
  1. How is the provident fund funded?

    Find out how provident funds are funded, including the basics of how this retirement savings program works and examples of ... Read Answer >>
  2. What risks does a Foreign Institutional Investor (FII) face?

    Read about the types of risks that a foreign institutional investor faces when trading in Indian stock exchanges and dealing ... Read Answer >>
  3. Do hedge funds have ticker symbols?

    Discover whether or not hedge funds have ticker symbols, where you can find ticker symbols and the significance of a ticker ... Read Answer >>
  4. Why do some stock symbols have three letters while others have four? What is the ...

    Stocks found on the New York and American Stock Exchange will normally have symbols with three letters or fewer. On the other ... Read Answer >>
  5. How does a Foreign Institutional Investor (FII) manage currency risk when investing ...

    Find out how foreign institutional investors protect themselves against inflation and currency risks when investing in international ... Read Answer >>
  6. Why did my stock's ticker symbol change?

    When a ticker symbol changes it's usually not a good sign. Tickers of publicly traded companies generally only change for ... Read Answer >>
Hot Definitions
  1. Graduate Record Examination - GRE

    A standardized exam used to measure one's aptitude for abstract thinking in the areas of analytical writing, mathematics ...
  2. Graduate Management Admission Test - GMAT

    A standardized test intended to measure a test taker's aptitude in mathematics and the English language. The GMAT is most ...
  3. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
  4. Cover Letter

    A written document submitted with a job application explaining the applicant's credentials and interest in the open position. ...
  5. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  6. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
Trading Center