KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the following Karachi Interbank Offered Rates (KIBOR) on October 12, 2021. Tenor BID OFFER 1 – Week 7.20 7.70 2 – Week 7.25 7.75 1 – Month 7.29 7.79 3 – Month 7.71 7.96 6 – Month 8.07 8.32 9 – Month 8.37 8.87 1 – Year 8.61 9.11
KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) increased by 54 points on Tuesday as investors’ sentiments remained choppy during the day. The KSE-100 index closed at 43,883 points from the previous day’s closing of 43,829 points. Analysts at Topline Securities said that the KSE 100 Index witnessed a volatile session, printed an […]
KARACHI: The sales of locally assembled / manufactured cars witnessed a growth of 58 per cent in September 2021 due to lower tax rates and rise in auto financing. According to data released by Pakistan Auto Manufacturers Association (PAMA), the automobile industry saw an increase of 58 per cent in vehicle sales to 22,079 units […]
KARACHI: The Pak Rupee (PKR) reached to a new historic low of Rs 171.04 against the dollar.on Tuesday in the interbank foreign exchange market. Previously, the rupee recorded an all-time low at Rs170.96 against the dollar on October 06, 2021. Currency experts said that the dollar demand for import payment was continuously depreciating the rupee […]
KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has criticized the decision to restore powers of Inland Revenue (IR) officers to recover due and taxes through bank account attachment without prior information.
Karachi, October 12, 2021: The State Bank of Pakistan (SBP) has issued the official exchange rates for Tuesday, October 12, 2021.
KARACHI: Following are the exchange rates of foreign currencies in Pak Rupee (PKR) on October 12, 2021 (The rates are updated at 12:20 PM): Currency Buying Selling Australian Dollar 123.50 125.00 Bahrain Dinar 386.75 388.50 Canadian Dollar 135.50 137.50 China Yuan 23.75 23.90 Danish Krone 23.45 23.75 Euro 196.00 198.00 Hong Kong Dollar 16.65 16.90 […]
ISLAMABAD: Prime Minister Imran Khan on Monday directed the authorities to make all possible efforts to provide incentives to attract more investment from China. The prime minister chaired a meeting on facilitating Chinese investors in special economic zones (SEZs). The prime minister said: “Pakistan needs investment to accelerate industrialization. “It is critical to create maximum […]
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday approved cash reward for incentivizing IT exports and to encourage documentation of exporters/exports. Federal Minister for Finance and Revenue, Shaukat Tarin, presided over the meeting of the ECC of the Cabinet, held at the Finance Division. The ECC approved the allocation of Rs 4 […]