Pkrevenue.com

Author: Hamza Shahnawaz

  • FrieslandCampina Pakistan, WWF partner to regenerate environment

    FrieslandCampina Pakistan, WWF partner to regenerate environment

    KARACHI: FrieslandCampina has partnered with the World Wide Fund for Nature (WWF-Pakistan) on a tree plantation initiative to increase local resilience to the impact of climate change and increase tree cover.

    The collaboration will focus on the plantation of indigenous trees to help combat pollution, deforestation, and urban flooding. Under the partnership, FCEPL team planted mangrove saplings at the WWF Wetland Center in Karachi. Additionally, WWF held a training for FCEPL’s employees to educate them on plantation techniques and post-care.

    Highlighting the partnership, Sania Sattar Head of Sustainability, FrieslandCampina Pakistan, stated: “Regeneration is a core pillar of FCEPL’s local sustainability strategy. There is a pressing need to address the ongoing effects of climate change, and only through a cohesive, concentrated and collaborative effort can we hope to mitigate them.”

    Speaking on the occasion, Faisal Razi, Director Marketing at FCEPL said, “We remain committed to nourishing Pakistan sustainably while working in balance with nature. All of us have collective responsibility towards our planet and we must leave a better one for the generations to come.”

    Emphasizing the need for climate action, Hammad Naqi, Director General of WWF-Pakistan said: From heat waves to forest fires and the worst floods in recent memory, Pakistan is facing a climate catastrophe.

    It is therefore imperative that we come together; governments, businesses, and non-profit and development organizations; to work towards climate adaptation.

    Mangrove plantation is a part of this solution. As the first line of defense against cyclones, strong surges, tsunamis and other natural calamities impacting the coast and deltaic region, mangroves support a healthy and productive ecosystem that benefits not only our communities, but biodiversity as well.  

    As part of its ongoing efforts for environmental conservation, FCEPL has been driving tree plantation in and around its facilities and partner farms in Sukkur and Sahiwal. By training the farmers on energy and water conservation, helping them switch to solar power at farms, and encouraging them to plant trees at their premises, FCEPL continues to seed environmental considerations amongst the farmers of Pakistan.

  • SBP likely to keep policy rate unchanged at 15%

    SBP likely to keep policy rate unchanged at 15%

    KARACHI: State Bank of Pakistan (SBP) likely to keep policy rate unchanged at 15 per cent at its policy announcement scheduled on October 10, 2022.

    A report issued by Arif Habib Limited stated that the central bank may keep the policy rate unchanged at 15 per cent in the upcoming monetary policy.

    To recall, in the last Monetary Policy Statement (MPS) too, policy rate was kept unchanged at 15 per cent. The current pause of the MPC has been dictated by the planned fiscal consolidation in FY23, recent developments in inflation being in-line with expectations, moderation in domestic demand and improvement in the external position.

    The recent Balance of Payment numbers show that Pakistan’s current account deficit decreased by 19 per cent YoY to USD 1.9 billion during first two months of the current fiscal year, as against a deficit of USD 2.4 billion during the same period last year.

    This YoY decline is mainly on the back of lower imports and jump in exports. With the measures taken by the authorities to curb import along with decline in international commodity prices, current account deficit is likely to remain lower in FY23 compared to FY22’s Current Account Deficit (CAD).

    As a result of a contained CAD and disbursement from IMF post successful completion of seventh and eighth review, Pakistani Rupee (PKR) showed recovery against USD in August 2022 which, however, was short-lived and the following month (September 2022), PKR depreciated 4.2 per cent against USD.

    However, SBP believes that Pakistan’s external financing needs should be more than fully met in FY23 aided by rollovers by bilateral official creditors, new lending from multilateral creditors, and a combination of bond issuances, FDI and portfolio inflows.

    Thus, pressure on the Rupee should lessen while foreign exchange reserves of the SBP should assume the upward trajectory which currently stand at USD 8 billion as of September 23, 2022.

    In addition, another positive development since the last MPC meeting has been the decline in international prices of major commodities such as WTI (-12 per cent), Coal (-14 per cent), Brent (-9 per cent), Steel (-2 per cent), Cotton (-18 per cent) and Arab Light (-6 per cent). This bodes well for our external account position, hence providing much needed relief to our trade numbers.

    On the domestic front, most of the high frequency (demand) indicators showed moderation to decline in growth on a YoY basis. Attributable to monetary and fiscal tightening, which helped shrink the positive output gap and curtail demand side pressures, we saw decline in sales of petroleum products (-23 per cent YoY), cement (-8 per cent YoY), DAP (-79 per cent YoY) and power generation (-12.6 per cent YoY). Moreover, with recent flood damaged agriculture growth, lower yields of cotton and seasonal crops could weigh on growth this year.

    As mentioned in the last MPS, SBP is closely monitoring the inflation trajectory. On the inflationary front, the headline inflation continues to remain in the double digit since November 2021 mainly on the back of uptick in food and energy prices.

    In the month of September 2022, headline inflation clocked-in at 23.2 per cent YoY. However, on MoM basis, inflation receded by 1.15 per cent mainly due to cut in electricity cost.

    Headline inflation, after peaking in August 2022, has started to taper off. Moreover, it is expected to have peaked in the out-going quarter of FY23 and is likely to come down with high base-effect kicking-in.

  • Foreign currency rates in PKR – October 04, 2022

    Foreign currency rates in PKR – October 04, 2022

    KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on October 04, 2022 (The rates are updated at 09:00 AM (Pakistan Standard Time):

    CURRENCY NAMEBUYINGSELLING
    US DOLLAR $ (USD)227.50229.50
    SAUDI RIYAL (SAR)60.6061.20
    UAE DIRHAM (AED)62.0062.80
    EURO (EUR)222.20224.40
    UK POUND (GBP)256.00258.50
    JAPANESE YEN (JPY)1.571.59
    SWISS FRANC (CHF)230.72231.72
    DANISH KRONE (DKK)29.9230.20
    NORWEGIAN KRONE (NOK)21.0121.11
    SWEDISH KRONA (SEK)20.4620.56
    AUSTRALIAN DOLLAR (AUD)146.00148.00
    CANADIAN DOLLAR (CAD)165.00167.00
    INDIAN RUPEE (INR)2.352.70
    CHINESE YUAN (CNY)33.0034.00
    AFGHAN AFGHANI (AFN)2.002.50

    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 PKR – October 03, 2022

  • Pakistani Rupee to US Dollar on October 04, 2022

    Pakistani Rupee to US Dollar on October 04, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on October 04, 2022:

    Buying: Rs 227.25 to the US Dollar

    Selling: Rs 227.50 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 09:00 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.

    Pakistani Rupee to US Dollar on October 03, 2022

    ————————————————-

    Pakistani Rupee to Saudi Riyal on October 04, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on October 04, 2022:

    Buying: Rs 60.60 to the Saudi Riyal

    Selling: Rs 61.20 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 09:00 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.

    Pakistani Rupee to Saudi Riyal on October 03, 2022

    ————————————————-

    Pakistani Rupee to Euro on October 04, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on October 04, 2022:

    Buying: Rs 222.20 to the Euro

    Selling: Rs 224.40 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 09:00 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.

    Pakistani Rupee to Euro on October 03, 2022

    ————————————————-

    Pakistani Rupee to UK Pound Sterling on October 04, 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 October 04, 2022:

    Buying: Rs 256.00 to the UK Pound Sterling

    Selling: Rs 258.50 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 09:00 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.

    Pakistani Rupee to UK Pound Sterling on October 03, 2022

    ————————————————-

    Pakistani Rupee to UAE Dirham on October 04, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on October 04, 2022:

    Buying: Rs 62.20 to the UAE Dirham

    Selling: Rs 62.80 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 09:00 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.

    Pakistani Rupee to UAE Dirham on October 03, 2022

    ————————————————-

    Pakistani Rupee to Canadian Dollar on October 04, 2022

    KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on October 04, 2022:

    Buying: Rs 165.00 to the Canadian Dollar

    Selling: Rs 167.00 to the Canadian 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 for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

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

    Pakistani Rupee to Canadian Dollar on October 03, 2022

    ————————————————-

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. 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 Canadian Dollar on October 04, 2022

    Pakistani Rupee to Canadian Dollar on October 04, 2022

    KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on October 04, 2022:

    Buying: Rs 165.00 to the Canadian Dollar

    Selling: Rs 167.00 to the Canadian 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 for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

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

    ————————————————-

    Pakistani Rupee to US Dollar on October 04, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on October 04, 2022:

    Buying: Rs 227.25 to the US Dollar

    Selling: Rs 227.50 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 09:00 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.

    ————————————————-

    Pakistani Rupee to Saudi Riyal on October 04, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on October 04, 2022:

    Buying: Rs 60.60 to the Saudi Riyal

    Selling: Rs 61.20 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 09:00 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.

    ————————————————-

    Pakistani Rupee to Euro on October 04, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on October 04, 2022:

    Buying: Rs 222.20 to the Euro

    Selling: Rs 224.40 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 09:00 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.

    ————————————————-

    Pakistani Rupee to UK Pound Sterling on October 04, 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 October 04, 2022:

    Buying: Rs 256.00 to the UK Pound Sterling

    Selling: Rs 258.50 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 09:00 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.

    ————————————————-

    Pakistani Rupee to UAE Dirham on October 04, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on October 04, 2022:

    Buying: Rs 62.20 to the UAE Dirham

    Selling: Rs 62.80 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 09:00 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. The given rates are opening for the day. 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 October 04, 2022

    Pakistani Rupee to UAE Dirham on October 04, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on October 04, 2022:

    Buying: Rs 62.20 to the UAE Dirham

    Selling: Rs 62.80 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 09:00 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.

    Pakistani Rupee to UAE Dirham on October 03, 2022

    ————————————————-

    Pakistani Rupee to Canadian Dollar on October 04, 2022

    KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on October 04, 2022:

    Buying: Rs 165.00 to the Canadian Dollar

    Selling: Rs 167.00 to the Canadian 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 for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

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

    Pakistani Rupee to Canadian Dollar on October 03, 2022

    ————————————————-

    Pakistani Rupee to US Dollar on October 04, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on October 04, 2022:

    Buying: Rs 227.25 to the US Dollar

    Selling: Rs 227.50 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 09:00 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.

    Pakistani Rupee to US Dollar on October 03, 2022

    ————————————————-

    Pakistani Rupee to Saudi Riyal on October 04, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on October 04, 2022:

    Buying: Rs 60.60 to the Saudi Riyal

    Selling: Rs 61.20 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 09:00 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.

    Pakistani Rupee to Saudi Riyal on October 03, 2022

    ————————————————-

    Pakistani Rupee to Euro on October 04, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on October 04, 2022:

    Buying: Rs 222.20 to the Euro

    Selling: Rs 224.40 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 09:00 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.

    Pakistani Rupee to Euro on October 03, 2022

    ————————————————-

    Pakistani Rupee to UK Pound Sterling on October 04, 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 October 04, 2022:

    Buying: Rs 256.00 to the UK Pound Sterling

    Selling: Rs 258.50 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 09:00 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.

    Pakistani Rupee to UK Pound Sterling on October 03, 2022

    ————————————————-

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. 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 October 04, 2022

    Pakistani Rupee to Euro on October 04, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on October 04, 2022:

    Buying: Rs 222.20 to the Euro

    Selling: Rs 224.40 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 09:00 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.

    Pakistani Rupee to Euro on October 03, 2022

    ————————————————-

    Pakistani Rupee to UK Pound Sterling on October 04, 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 October 04, 2022:

    Buying: Rs 256.00 to the UK Pound Sterling

    Selling: Rs 258.50 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 09:00 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.

    Pakistani Rupee to UK Pound Sterling on October 03, 2022

    ————————————————-

    Pakistani Rupee to UAE Dirham on October 04, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on October 04, 2022:

    Buying: Rs 62.20 to the UAE Dirham

    Selling: Rs 62.80 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 09:00 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.

    Pakistani Rupee to UAE Dirham on October 03, 2022

    ————————————————-

    Pakistani Rupee to Canadian Dollar on October 04, 2022

    KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on October 04, 2022:

    Buying: Rs 165.00 to the Canadian Dollar

    Selling: Rs 167.00 to the Canadian 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 for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

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

    Pakistani Rupee to Canadian Dollar on October 03, 2022

    ————————————————-

    Pakistani Rupee to US Dollar on October 04, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on October 04, 2022:

    Buying: Rs 227.25 to the US Dollar

    Selling: Rs 227.50 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 09:00 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.

    Pakistani Rupee to US Dollar on October 03, 2022

    ————————————————-

    Pakistani Rupee to Saudi Riyal on October 04, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on October 04, 2022:

    Buying: Rs 60.60 to the Saudi Riyal

    Selling: Rs 61.20 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 09:00 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.

    Pakistani Rupee to Saudi Riyal on October 03, 2022

    ————————————————-

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. 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 October 04, 2022

    Pakistani Rupee to Saudi Riyal on October 04, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on October 04, 2022:

    Buying: Rs 60.60 to the Saudi Riyal

    Selling: Rs 61.20 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 09:00 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.

    Pakistani Rupee to Saudi Riyal on October 03, 2022

    ————————————————-

    Pakistani Rupee to Euro on October 04, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on October 04, 2022:

    Buying: Rs 222.20 to the Euro

    Selling: Rs 224.40 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 09:00 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.

    Pakistani Rupee to Euro on October 03, 2022

    ————————————————-

    Pakistani Rupee to UK Pound Sterling on October 04, 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 October 04, 2022:

    Buying: Rs 256.00 to the UK Pound Sterling

    Selling: Rs 258.50 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 09:00 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.

    Pakistani Rupee to UK Pound Sterling on October 03, 2022

    ————————————————-

    Pakistani Rupee to UAE Dirham on October 04, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on October 04, 2022:

    Buying: Rs 62.20 to the UAE Dirham

    Selling: Rs 62.80 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 09:00 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.

    Pakistani Rupee to UAE Dirham on October 03, 2022

    ————————————————-

    Pakistani Rupee to Canadian Dollar on October 04, 2022

    KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on October 04, 2022:

    Buying: Rs 165.00 to the Canadian Dollar

    Selling: Rs 167.00 to the Canadian 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 for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

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

    Pakistani Rupee to Canadian Dollar on October 03, 2022

    ————————————————-

    Pakistani Rupee to US Dollar on October 04, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on October 04, 2022:

    Buying: Rs 227.25 to the US Dollar

    Selling: Rs 227.50 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 09:00 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.

    Pakistani Rupee to US Dollar on October 03, 2022

    ————————————————-

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. 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.

  • Honda suspends car production in Pakistan

    Honda suspends car production in Pakistan

    KARACHI: Honda Atlas Cars (Pakistan) Limited on Monday announced to suspend production due to prevailing economic conditions in the country.

    In a communication received by Pakistan Stock Exchange (PSX), the car manufacturer stated that considering the current economic situation of the country, the government had restored to stringent measures including minimizing the import of Completely Knocked Down (CKD) kits and raw materials, the company’s supply chain had also been disrupted by such measures.

    READ MORE: Indus Motors to increase car prices to pass cost impact

    “As a result, the company has also to rationalize its production and ultimately to shut down its plant from October 04, 2022 to October 11, 2022,” the company added.

    Prior to this, other car manufacturers have also stop production due to same reasons.

    Honda Atlas Cars (Pakistan) Limited is a joint venture between Honda Motor, Japan, and the Atlas Group, Pakistan.

    READ MORE: PSMC offers free WagonR registration amid sales slump

    The Company was incorporated on November 04, 1992 and listed on Pakistan Stock Exchange Limited.

    The joint venture agreement was signed on August 05, 1993. The groundbreaking ceremony was held on April 17, 1993, and within a record time of 11 months, the construction and erection of machinery were completed.

    The first car rolled off the assembly line on May 26, 1994. The official inauguration was honored by the then President of Pakistan, Late Sardar Farooq Ahmad Khan Leghari.

    Nobuhiko Kawamoto, President of Honda Motor, Japan, and the late Yusuf H. Shirazi; Founder of Atlas Group were also present to grace the occasion.

    READ MORE: Toyota stops car production in Russia

    The Company enlisted on then Karachi & Lahore Stock Exchanges (now Pakistan Stock Exchanges) and Initial Public Offer (IPO) was made in November 1994.

    On July 14, 1994, car booking started at six dealerships in Karachi, Lahore, and Islamabad.

    Since then, the dealership network has expanded and now the Company has 37 3S (Sales, Service, and Spare Parts), 17 2S (Service and Spare Parts), and 5 1S (Spare Parts) authorized dealerships in Pakistan.

    All dealerships are constructed in accordance with the standards defined by Honda the world over.

    The Company started production in 1994, with the launch of the 5th generation of the Honda Civic in Pakistan.

    READ MORE: Ferrari launches its first ever four-door car

    Later on, the Company enriched the product line with the launch of Honda City in 1997 and Honda BR-V in 2017. The Company consistently increased production with the progress of the car market and to meet the growing customer demand.

    A major plant expansion was done in 2006 and the production capacity was increased to 50,000 units/ year.

  • Foreign currency rates in PKR – October 03, 2022

    Foreign currency rates in PKR – October 03, 2022

    On October 03, 2022, the open market for foreign currency rates against the Pakistani Rupee (PKR) were updated at 09:00 AM Pakistan Standard Time. Below are the details of the buying and selling for various foreign currency rates:

    (more…)