Pkrevenue.com

Author: Hamza Shahnawaz

  • Pakistani Rupee to Saudi Riyal on April 06, 2022

    Pakistani Rupee to Saudi Riyal on April 06, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on April 06, 2022:

    Buying: Rs 48.50 to the Saudi Riyal

    Selling: Rs 49.20 to the Saudi Riyal

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 05:48 AM Pakistan Standard Time (PST).

    The Saudi Riyal /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.

    Pakistani Rupee to Saudi Riyal on April 05, 2022
  • Meezan Bank, SNGPL sign deal for digital bill collection

    Meezan Bank, SNGPL sign deal for digital bill collection

    KARACHI: Meezan Bank has recently signed an agreement with Sui Northern Gas Pipelines Limited (SNGPL) to enable digitalization of consumer bill collection via the Bank’s state-of-the-art Transaction Banking Solution (eBiz+).

    READ MORE: Meezan Bank provides bill discounting facility for Huawei

    The agreement was signed by Irfan Siddiqui – Founding President & CEO, Meezan Bank and Ali J. Hamdani – Managing Director and CEO, SNGPL in the presence of other key management members including Ariful Islam – Deputy CEO, Abdullah Ahmed – Group Head Corporate and Institutional Banking, M. Saqib Ashraf – Head Transaction Banking and M. Munir – Head Payments and Cash Management from Meezan Bank, and Faisal Iqbal – Chief Financial Officer, SNGPL.

    READ MORE: Meezan Bank lends Rs1 billion under youth scheme

    As per the agreement, Meezan Bank will provide transaction banking services (eBiz+) to SNGPL enabling payment of gas bills by the residents of Punjab, Khyber Pakhtunkhwa (KPK) and Azad Jammu & Kashmir (AJ&K) via e-channels and branch banking avenues offered by the Bank.

    READ MORE: Meezan Bank announces 26% growth in annual profit

    On this occasion, Ali J. Hamdani shared SNGPL’s ambition to become a leader in sourcing energy across Pakistan while providing ease of access to its consumers via eBiz+ collection services.

    Irfan Siddiqui, also commented on the occasion, said: “The agreement between Meezan Bank and SNGPL will not only strengthen the Bank’s transaction banking portfolio but will also improve the bill collection process by making it more accessible to millions. SNGPL is already a trusted corporate client for the Bank and this agreement further strengthens our relationship.”

    READ MORE: Meezan Bank, Suzuki Motors sign MoU for car financing

  • Crypto platform appoints Pakistan country manager

    Crypto platform appoints Pakistan country manager

    KARACHI: Rain Financial, Inc. a global leading cryptocurrency trading platform, has appointed Zeeshan Ahmed as its Country General Manager, Pakistan, a statement said on Tuesday.

    While Rain is not yet operational in Pakistan, it will be advocating for the regulation and seek licensing in the country.

    READ MORE: Pakistan needs to introduce laws to tax crypto income

    Zeeshan is a senior management professional leading turnaround and growth strategies. With a career span of over 16 years, seven of which were spent at strategic C level positions, he most recently worked as the Chief Executive Officer for Askari Enterprises (A subsidiary of AWT).

    Commenting on his appointment Zeeshan said: “I am thrilled to be joining Rain Pakistan at this pivotal time for the blockchain and crypto industry. I look forward to working with the talented team at Rain and developing a licensed and regulated cryptoasset exchange in Pakistan.”

    READ MORE: Court committee for ban on crypto currency in Pakistan

    This announcement comes just weeks after Rain Financial Inc. secured USD 110 million Series B funding.

    The round was co-led by Paradigm and Kleiner Perkins with participation from numerous parties including Coinbase Ventures, Global Founders Capital, MEVP, Cadenza Ventures, JIMCO, and CMT Digital. Founded in 2017 by Abdullah Almoaiqel, AJ Nelson, Joseph Dallago, and Yehia Badawy, Rain will utilize this investment to further expand licensing in other countries and regions, enhancing its technology and continuing to grow the team as cryptocurrency adoption increases globally.

    READ MORE: FIA probes Binance in mega crypto scam

    Rain Financial Inc. and its group has done over USD 2 billion worth of transactions, amassed over 200,000 active users, and now has over 500 employees, with a focus on growing its team even further across the region, by the end of 2022.

    With changing consumer behavior and increasing demand in the interest of crypto, Rain is committed to investing in building a platform that is simplified and easy to use.

    READ MORE: Cryptocurrency, best performing assets in Pakistan

  • Foreign currency rates in Pak Rupee – April 05, 2022

    Foreign currency rates in Pak Rupee – April 05, 2022

    KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on April 05, 2022 (The rates are updated at 09:25 AM (Pakistan Standard Time):

    CurrencyBuyingSelling
    Australian Dollar (AUD)134.25136.25
    Bahrain Dinar (BHD)386.50388.50
    Canadian Dollar (CAD)144.00146.00
    China Yuan (CNY)23.5523.95
    Danish Krone (DNK)23.6523.95
    Euro (EUR)200.00202.00
    Hong Kong Dollar (HKD)16.6016.85
    Indian Rupee (INR)2.032.10
    Japanese Yen (JPY)1.411.44
    Kuwaiti Dinar (KWD)481.85484.35
    Malaysian Ringgit (MYR)36.7537.10
    NewZealand $ (NZD)96.8597.55
    Norwegians Krone (NOK)17.5017.75
    Omani Riyal (OMR)392.85394.88
    Qatari Riyal (QAR)39.9540.55
    Saudi Riyal (SAR)48.5049.20
    Singapore Dollar (SGD)132.00133.50
    Swedish Korona (SEK)18.7519.00
    Swiss Franc (CHF)160.35161.25
    Thai Bhat (THB)4.804.90
    U.A.E Dirham (AED)49.5050.40
    UK Pound Sterling (GBP)237.50240.00
    US Dollar (USD)183.80185.50

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.

    Foreign currency rates in Pak Rupee – April 04, 2022
  • Pakistani Rupee to US Dollar on April 05, 2022

    Pakistani Rupee to US Dollar on April 05, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on April 05, 2022:

    Buying: Rs 183.80 to the US Dollar

    Selling: Rs 185.50 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 or a bank sells the foreign currency from a customer.

    The rate has been updated at 06:12 AM Pakistan Standard Time (PST).

    The US Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.

    Pakistani Rupee to US Dollar on April 04, 2022
  • Pakistani Rupee to UAE Dirham on April 05, 2022

    Pakistani Rupee to UAE Dirham on April 05, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on April 05, 2022:

    Buying: Rs 49.50 to the UAE Dirham

    Selling: Rs 50.40 to the UAE Dirham

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 06:06 AM Pakistan Standard Time (PST).

    The UAE Dirham /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.

    Pakistani Rupee to UAE Dirham on April 04, 2022
  • Pakistani Rupee to UK Pound Sterling on April 05, 2022

    Pakistani Rupee to UK Pound Sterling on April 05, 2022

    KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on April 05, 2022:

    Buying: Rs 237.50 to the UK Pound Sterling

    Selling: Rs 240.00 to the UK Pound Sterling

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells the foreign currency from a customer.

    The rate has been updated at 06:03 AM Pakistan Standard Time (PST).

    The UK Pound Sterling /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.

    Pakistani Rupee to UK Pound Sterling on April 04, 2022
  • Pakistani Rupee to Euro on April 05, 2022

    Pakistani Rupee to Euro on April 05, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on April 05, 2022:

    Buying: Rs 200.00 to the Euro

    Selling: Rs 202.00 to the Euro

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 05:58 AM Pakistan Standard Time (PST).

    The Euro /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.

    Pakistani Rupee to Euro on April 04, 2022
  • Pakistani Rupee to Saudi Riyal on April 05, 2022

    Pakistani Rupee to Saudi Riyal on April 05, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on April 05, 2022:

    Buying: Rs 48.50 to the Saudi Riyal

    Selling: Rs 49.20 to the Saudi Riyal

    The buying rate means an exchange company or a bank buys foreign currency from a customer.

    The selling rate means an exchange company or a bank sells for foreign currency from a customer.

    The rate has been updated at 05:52 AM Pakistan Standard Time (PST).

    The Saudi Riyal /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.

    Pakistani Rupee to Saudi Riyal on April 04, 2022
  • Supernet awarded Shariah screening certificate

    Supernet awarded Shariah screening certificate

    KARACHI: Supernet Limited, a subsidiary of Telecard Limited has been awarded Shariah Screening Certificate by Meezan Bank Limited, based on the review of consolidated financial statements of SNL, certifying its compliance with KSE Meezan Islamic Index Criteria set out by Pakistan Stock Exchange.

    READ MORE: Supernet set to raise Rs475 million through initial offering

    This was announced in a notice by Telecard sent to Pakistan Stock Exchange on Monday.

    According to Meezan Bank letter, Meezan Bank Limited, in the capacity of Banker to the book building, reviewed the Consolidated Audited Financial Statements of Supernet Limited based on June 30, 2021 which are in compliance with KSE Meezan Islamic Index Criteria set out by Pakistan Stock Exchange.

    READ MORE: Supernet wins ZTBL projects worth Rs450 million

    On the basis of reviewed financial statements, it is allowed to participate in initial offering of Supernet Limited with the provision that the investee will be required to purify is dividend income as per company’s annual dividend purification rate determined on semi-annual basis in KMI- All Share Islamic Index.

    This is pertinent to highlight that the Shariah compliance status of the company’s financial statements may vary from one financial period to the other. So, this certificate shall remain valid as long as company’s latest available financial statements are for the period ended June 30.

    READ MORE: Supernet, Avara awarded project for supply, maintenance