Jul 15

Housing finance reaches to Rs259 billion; PM praises SBP efforts

KARACHI: Housing and construction finance outstanding increased by Rs111 billion or 75 per cent during fiscal year 2020/2021 over the preceding fiscal year, reaching Rs259 billion by end of June 2021. An increase of this quantum in housing and construction finance in one year is unprecedented in Pakistan’s history. As a result, 97 per cent […]

by Mrs. Anjum Shahnawaz

Foreign exchange reserves decline by $102 million

Jul 15

Finance

Foreign exchange reserves decline by $102 million

KARACHI: The foreign exchange reserves of the country have declined by $102 million for the week ended on July 09, 2021, State Bank of Pakistan (SBP) said on Thursday. The country’s foreign exchange reserves fell to $24.311 billion by the week ended July 09, 2021 as compared with $24.415 billion by week ended July 02, […]

by Mrs. Anjum Shahnawaz

Stock market gains 137 points in mixed trading

Jul 15

Stock & Commodity

Stock market gains 137 points in mixed trading

KARACHI: The stock market increased by 137 points on Thursday in mixed trading during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,628 points from previous day’s closing of 47,491 points, showing an increase of 137 points. Analysts at Arif Habib Limited said that after consolidating in the past couple […]

by Faisal Shahnawaz

POL prices increased for next fortnight; per liter petrol up by Rs5.4 to Rs118.09

Jul 15

Energy

POL prices increased for next fortnight; per liter petrol up by Rs5.4 to Rs118.09

ISLAMABAD: The government on Thursday announced increase in petroleum prices to be implemented midnight with effect from July 16, 2021 for next fortnight. The government announced an increase of Rs5.4 to Rs118.09 in price of petrol from Rs112.69. Likewise, the prices of high speed diesel increased by Rs2.54 per liter, from Rs113.99 to Rs116.53; kerosene […]

by Faisal Shahnawaz

Jul 15

Money & Banking

KIBOR rates on July 15, 2021

KARACHI: State Bank of Pakistan (SBP) on Thursday issued following Karachi Interbank Offered Rates (KIBOR) on July 15, 2021. Tenor BID OFFER 1 – Week 6.93 7.43 2 – Week 6.97 7.47 1 – Month 7.01 7.51 3 – Month 7.15 7.40 6 – Month 7.36 7.61 9 – Month 7.47 7.97 1 – Year […]

by Mrs. Anjum Shahnawaz

Rupee depreciates by 17 paisas against dollar

Jul 15

Money & Banking

Rupee depreciates by 17 paisas against dollar

KARACHI: The Pak Rupee depreciated by 17 paisas against the dollar on Thursday due to increase in demand for import payments. The rupee ended at Rs159.30 to the dollar as compared with the previous day’s closing of Rs159.13 in the interbank foreign exchange market. Currency experts said that foreign currency demand for import payments remained […]

by Mrs. Anjum Shahnawaz

Jul 15

Money & Banking

Bank holidays announced for Eid ul Adha

KARACHI: The State Bank of Pakistan (SBP) announced bank holidays for Eid ul Adha. The SBP in a circular said that the banks shall remain closed from July 20 to July 22 for Eid Holidays. The SBP further said that the central bank would remain closed from July 20 to July 22 (Tuesday to Thursday) […]

by Mrs. Anjum Shahnawaz

SBP issues exchange rates for July 15, 2021

Jul 15

Money & Banking

SBP issues exchange rates for July 15, 2021

KARACHI: The State Bank of Pakistan (SBP) on Thursday issued customers’ exchange rates on the basis of weighted average rates of commercial banks. The SBP said that the data is compiled and disseminated for information only. These Exchange Rates are an estimate of the Exchange Rates quoted by various Commercial Banks to their clients. They […]

by Mrs. Anjum Shahnawaz

Exchange rate: buying, selling of Saudi Riyal in rupee on July 15

Jul 15

Money & Banking

Exchange rate: buying, selling of Saudi Riyal in rupee on July 15

KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in open market on July 15, 2021: Buying: Rs 41.50 to the Saudi Riyal Selling: Rs 42.00 to the Saudi Riyal Today’s SAR to PKR (Saudi Riyal Price in Pakistan Rupee 2021) exchange rate has been given […]

by Mrs. Anjum Shahnawaz

Exchange rate: buying, selling of UAE Dirham in rupee on July 15

Jul 15

Money & Banking

Exchange rate: buying, selling of UAE Dirham in rupee on July 15

KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in open market on July 15, 2021: Buying: Rs 42.00 to the UAE Dirham Selling: Rs 42.60 to the UAE DIrham Today’s AED to PKR (UAE Dirham Price in Pakistan Rupee 2021) exchange rate has been given […]

by Mrs. Anjum Shahnawaz