Dec 31

FBR collects Rs2.92 trillion in first half of FY22

ISLAMABAD: The Federal Board of Revenue (FBR) has provisionally collected Rs2.92 trillion during first half (July – December) of the fiscal year 2021/2022 (FY22), according to data revealed on Friday. The FBR surpassed the half-year target of Rs2.63 trillion by Rs287 billion. Furthermore, the revenue collection recorded an increase of 32.5 per cent over the […]

by Anjum Shah

KSE-100 index gains 180 points amid profit-taking

Dec 31

Stock & Commodity

KSE-100 index gains 180 points amid profit-taking

KARACHI: The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) gained 180 points on Friday amid profit-taking observed on the last trading day of the week. The index closed at 44,596 points as against last day’s closing of 44,416 points, showing an increase of 180 points. READ MORE: Stocks gain 156 points ahead of […]

by Faisal Shah

SBP issues KIBOR rates on December 31, 2021

Dec 31

Exchange Rates

SBP issues KIBOR rates on December 31, 2021

KARACHI: State Bank of Pakistan (SBP) on Friday issued the Karachi Interbank Offered Rates (KIBOR) as of December 31, 2021. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.76 10.26 2 – Week 9.82 10.32 1 – Month 9.89 10.39 3 – Month 10.29 10.54 6 – Month 11.21 11.46 9 – Month 11.25 11.75 […]

by Faisal Shah

Dec 31

Money & Banking

Dollar retreats to year end at Rs176.51

KARACHI: The US dollar retreated by Re1 on the last day of the year 2021 on Friday to close the trading at Rs176.51 at interbank foreign exchange market. The rupee ended at Rs177.51 to the dollar a day earlier in the interbank foreign exchange market. The rupee recorded an all-time low of Rs178.24 to the […]

by Faisal Shah

Dec 31

Exchange Rates

Customers’ exchange rates on December 31, 2021

KARACHI: The State Bank of Pakistan (SBP) on Friday issued customers’ exchange rates for December 31, 2021. The exchange rate is on the basis of weighted average rates of commercial banks. The SBP said the data is compiled and disseminated for information only. These exchange rates are estimates that quoted by various commercial banks to their clients. The banks provide their indicative exchange rates for commercial transactions with customers. CURRENCY BUYING SELLING AED […]

by Faisal Shah

Mini-budget: FBR to generate Rs4.5bn through tax rate increase on cellular services

Dec 31

IT & Telecom, Taxation, Top stories

Mini-budget: FBR to generate Rs4.5bn through tax rate increase on cellular services

ISLAMABAD: The Federal Board of Revenue (FBR) may generate additional Rs4.5 billion as advance income tax from cellular services as tax rate has been increased through mini-budget. The government has increased the withholding tax rates on cellular services to 15 per cent from existing 10 per cent in the mini-budget announced on December 30, 2021. […]

by Faisal Shah

Dogecoin to Pak Rupee on December 31, 2021

Dec 31

Exchange Rates

Dogecoin to Pak Rupee on December 31, 2021

KARACHI: The exchange rate of Dogecoin (DOGE) in Pak Rupee (PKR) is Rs30.64 on December 31, 2021 in open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs30.58 on December 30, 2021. The rate of Dogecoin in US Dollar (USD) is $0.17 on December 31, 2021 in open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.17 […]

by Faisal Shah

Dec 31

Exchange Rates

Today’s currency exchange rates in PKR – Dec 31, 2021

KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on December 31, 2021 (The rates are updated at 10:43 AM Pakistan Standard Time): Currency Buying Selling Australian Dollar (AUD) 126.60 127.90 Bahrain Dinar (BHD) 386.85 388.60 Canadian Dollar (CAD) 137.50 138.90 China Yuan (CNY) 23.50 23.90 Danish Krone (DNK) 23.50 23.80 Euro (EUR) 200.45 202.20 Hong […]

by Hamza Shah

Ripple to Pak Rupee on December 31, 2021

Dec 31

Exchange Rates

Ripple to Pak Rupee on December 31, 2021

KARACHI: The exchange rate of Ripple (XRP) in Pak Rupee (PKR) is Rs149.98 on December 31, 2021 in open exchange market. The rate of Ripple has been calculated and compared with the rate Rs146.79 on December 30, 2021. The rate of Ripple in US Dollar (USD) is $0.84 on December 31, 2021 in open exchange market. The rate of Ripple has been calculated and compared with the rate $0.83 […]

by Faisal Shah

Dec 31

Exchange Rates

Exchange rates: PKR to USD on December 31, 2021

KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on December 31, 2021: Buying: Rs 179.10 to the US Dollar Selling: Rs 180.40 to the US Dollar The buying rate means an exchange company or a bank buys foreign currency from a customer. The selling rate means an exchange company […]

by Hamza Shah