Author: Hamza Shahnawaz

Pakistan textile exports hit 11-month low in July 2022

KARACHI: Pakistan textile exports hit 11-month low in July 2022 to $1.48 billion, down 13 per cent month on month (MoM).

Analysts at Topline Securities on Tuesday said that tis was mainly due to decline witnessed in value-added segment down by 12 per cent MoM, mainly due to (i) Eid holidays during the first half of July, (ii) Lack of energy supplies, and (iii) global economic slowdown.

READ MORE: Pakistan’s textile exports hit record high at $19.33 bn in FY22

In Pakistani Rupee (PKR) terms, the same has clocked in at Rs325 billion, down by 7 per cent MoM.

During the month, the Government of Pakistan closed down the gas supplies to both export and non-export industry in Punjab till July 9, 2022. The decision was made to divert more LNG to the power sector for more electricity generation to mitigate power outages.

READ MORE: Textile exports surge to record high $11 billion in 7MFY22

Under Value-added division, Ready-made segment remained major underperformer as exports witnessed 17 per cent MoM decline to $305 million during July 2022 due to sharp decline in volumetric sales down by 7 per cent MoM.

Other value-added players such as Knitwear, Bedwear and Towel also posted decline of 8 per cent MoM, 11 per cent MoM, and 18 per cent MoM to $435 million, $254 million and $75 million, respectively.

READ MORE: PHMA cries foul on gas suspension to textile industry

Basic textiles also witnessed decline of 14 per cent MoM to $258 million in July 2022 (down 5 per cent YoY), where major decline came from cotton yarn where exports touched $71 million (down 24 per cent MoM).

As compared with July 2021, Pakistan textile exports marginally up by 1 per cent YoY (+38 per cent YoY in PKR terms) in July 2022 due to growth in value added segment.

Moving forward, increase in energy tariff and slowdown in global economy are few key challenges textile sector could face going ahead.

READ MORE: Textile exporters urge allowing cotton import from India

August 16, 2022
Suzuki shuts down plant in Pakistan on import restriction

KARACHI: Pak Suzuki has announced a temporary shutdown of its production plant due restriction on imports imposed by the government.

In a letter to the Pakistan Stock Exchange (PSX) on Tuesday, Pak Suzuki Motor Co. Limited said that State Bank of Pakistan (SBP) had introduced a mechanism for prior approval for import under HS Code 8703 category (including CKDs) vide Circular No. 09 of 2022 dated May 20, 2022.

READ MORE: Suzuki Motors warns plant shutdown in Pakistan

“Restriction had adversely impacted clearance of import consignment which resultantly affected the inventory levels,” it added.

The company further stated that due to shortage of inventory level, the senior management of the company had decided to temporarily shut down its production plant of automobile products from August 18, 2022 to August 19, 2022.

However, motorcycle plant will remain operative, the company added.

READ MORE: Indus Motors rebuts plant shutdown reports

August 16, 2022

Foreign currency rates in Pak Rupee – August 16, 2022

KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on August 16, 2022 (The rates are updated at 09:00 AM (Pakistan Standard Time):

CURRENCY NAME	BUYING	SELLING

US DOLLAR $ (USD)	208.00	210.00
SAUDI RIYAL (SAR)	55.60	56.60
UAE DIRHAM (AED)	56.80	57.80
EURO (EUR)	213.00	215.50
UK POUND (GBP)	252.00	255.00
JAPANESE YEN (JPY)	1.54	1.56
SWISS FRANC (CHF)	217.95	218.95
DANISH KRONE (DKK)	28.18	28.28
NORWEGIAN KRONE (NOK)	21.25	21.35
SWEDISH KRONA (SEK)	20.03	20.13
AUSTRALIAN DOLLAR (AUD)	146.50	148.00
CANADIAN DOLLAR (CAD)	162.00	164.00
INDIAN RUPEE (INR)	2.35	2.65
CHINESE YUAN (CNY)	31.50	33.50
AFGHAN AFGHANI (AFN)	1.60	1.90

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 – August 15, 2022

August 16, 2022

Pakistani Rupee to US Dollar on August 16, 2022

KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on August 16, 2022:

Buying: Rs 208.00 to the US Dollar

Selling: Rs 210.00 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 August 15, 2022

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Pakistani Rupee to Saudi Riyal on August 16, 2022

KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on August 16, 2022:

Buying: Rs 55.60 to the Saudi Riyal

Selling: Rs 56.60 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 August 15, 2022

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Pakistani Rupee to Euro on August 16, 2022

KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on August 16, 2022:

Buying: Rs 213.00 to the Euro

Selling: Rs 215.50 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 August 15, 2022

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Pakistani Rupee to UK Pound Sterling on August 16, 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 August 16, 2022:

Buying: Rs 252.00 to the UK Pound Sterling

Selling: Rs 255.00 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 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 August 15, 2022

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Pakistani Rupee to UAE Dirham on August 16, 2022

KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on August 16, 2022:

Buying: Rs 56.80 to the UAE Dirham

Selling: Rs 57.80 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 August 15, 2022

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Pakistani Rupee to Canadian Dollar on August 16, 2022

KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on August 16, 2022:

Buying: Rs 162.00 to the Canadian Dollar

Selling: Rs 164.00 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 August 15, 2022

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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.

August 16, 2022
Pakistani Rupee to Canadian Dollar on August 16, 2022

KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on August 16, 2022:

Buying: Rs 162.00 to the Canadian Dollar

Selling: Rs 164.00 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 August 15, 2022

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Pakistani Rupee to US Dollar on August 16, 2022

KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on August 16, 2022:

Buying: Rs 208.00 to the US Dollar

Selling: Rs 210.00 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 August 15, 2022

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Pakistani Rupee to Saudi Riyal on August 16, 2022

KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on August 16, 2022:

Buying: Rs 55.60 to the Saudi Riyal

Selling: Rs 56.60 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 August 15, 2022

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Pakistani Rupee to Euro on August 16, 2022

KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on August 16, 2022:

Buying: Rs 213.00 to the Euro

Selling: Rs 215.50 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 August 15, 2022

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Pakistani Rupee to UK Pound Sterling on August 16, 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 August 16, 2022:

Buying: Rs 252.00 to the UK Pound Sterling

Selling: Rs 255.00 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 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 August 15, 2022

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Pakistani Rupee to UAE Dirham on August 16, 2022

KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on August 16, 2022:

Buying: Rs 56.80 to the UAE Dirham

Selling: Rs 57.80 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 August 15, 2022

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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.

August 16, 2022
Pakistani Rupee to UAE Dirham on August 16, 2022

KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on August 16, 2022:
(more…)

August 16, 2022
Pakistani Rupee to UK Pound Sterling on August 16, 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 August 16, 2022:

Buying: Rs 252.00 to the UK Pound Sterling

Selling: Rs 255.00 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 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 August 15, 2022

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Pakistani Rupee to UAE Dirham on August 16, 2022

KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on August 16, 2022:

Buying: Rs 56.80 to the UAE Dirham

Selling: Rs 57.80 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 August 15, 2022

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Pakistani Rupee to Canadian Dollar on August 16, 2022

KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on August 16, 2022:

Buying: Rs 162.00 to the Canadian Dollar

Selling: Rs 164.00 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 August 15, 2022

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Pakistani Rupee to US Dollar on August 16, 2022

KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on August 16, 2022:

Buying: Rs 208.00 to the US Dollar

Selling: Rs 210.00 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 August 15, 2022

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Pakistani Rupee to Saudi Riyal on August 16, 2022

KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on August 16, 2022:

Buying: Rs 55.60 to the Saudi Riyal

Selling: Rs 56.60 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 August 15, 2022

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Pakistani Rupee to Euro on August 16, 2022

KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on August 16, 2022:

Buying: Rs 213.00 to the Euro

Selling: Rs 215.50 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 August 15, 2022

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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.

August 16, 2022
Pakistani Rupee to Euro on August 16, 2022

KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on August 16, 2022:

Buying: Rs 213.00 to the Euro

Selling: Rs 215.50 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 August 15, 2022

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Pakistani Rupee to UK Pound Sterling on August 16, 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 August 16, 2022:

Buying: Rs 252.00 to the UK Pound Sterling

Selling: Rs 255.00 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 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 August 15, 2022

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Pakistani Rupee to UAE Dirham on August 16, 2022

KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on August 16, 2022:

Buying: Rs 56.80 to the UAE Dirham

Selling: Rs 57.80 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 August 15, 2022

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Pakistani Rupee to Canadian Dollar on August 16, 2022

KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on August 16, 2022:

Buying: Rs 162.00 to the Canadian Dollar

Selling: Rs 164.00 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 August 15, 2022

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Pakistani Rupee to US Dollar on August 16, 2022

KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on August 16, 2022:

Buying: Rs 208.00 to the US Dollar

Selling: Rs 210.00 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 August 15, 2022

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Pakistani Rupee to Saudi Riyal on August 16, 2022

KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on August 16, 2022:

Buying: Rs 55.60 to the Saudi Riyal

Selling: Rs 56.60 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 August 15, 2022

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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.

August 16, 2022
Pakistani Rupee to Saudi Riyal on August 16, 2022

KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on August 16, 2022:

Buying: Rs 55.60 to the Saudi Riyal

Selling: Rs 56.60 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 August 15, 2022

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Pakistani Rupee to Euro on August 16, 2022

KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on August 16, 2022:

Buying: Rs 213.00 to the Euro

Selling: Rs 215.50 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 August 15, 2022

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Pakistani Rupee to UK Pound Sterling on August 16, 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 August 16, 2022:

Buying: Rs 252.00 to the UK Pound Sterling

Selling: Rs 255.00 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 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 August 15, 2022

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Pakistani Rupee to UAE Dirham on August 16, 2022

KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on August 16, 2022:

Buying: Rs 56.80 to the UAE Dirham

Selling: Rs 57.80 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 August 15, 2022

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Pakistani Rupee to Canadian Dollar on August 16, 2022

KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on August 16, 2022:

Buying: Rs 162.00 to the Canadian Dollar

Selling: Rs 164.00 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 August 15, 2022

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Pakistani Rupee to US Dollar on August 16, 2022

KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on August 16, 2022:

Buying: Rs 208.00 to the US Dollar

Selling: Rs 210.00 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 August 15, 2022

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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.

August 16, 2022
Pakistan stocks gain 764 points on Saudi help reports

KARACHI: Pakistan stocks gained 764 points on Monday as investors took positive the news regarding monetary help from Saudi Arabia.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 43,622 points from last Friday’s closing of 42,855 points, showing a gain of 764 points.

READ MORE: Weekly Review: stock market likely to move in positive zone

Analysts at Arif Habib Limited said that bulls triumphed today with gains of 1.78 per cent to close at 43,622 points.

“Pakistan is now +22 per cent in USD terms in August and tops the global performance table during the period,” the analysts added.

KSE-100 index remained in the green zone throughout the day as value buying was witnessed across the board.

READ MORE: Weekly Review: market likely to continue positive sentiments

The investors gained confidence after news regarding monetary help from Saudi Arabia and the PKR continued its winning streak against the USD.

Volumes remained healthy in the main board although hefty volumes were witnessed in the 3rd tier stocks driving traded value to USD 78 million.

Sectors contributing to the performance include Banks (+234.6 points), Cement (+96.3 points), Technology (+67.3 points), Fertilizer (+40.3 points) and Textile Composite (33.0 points).

READ MORE: Pakistan stocks up 671 points on continuous rupee gain

Volumes increased from 373.9 million shares to 541.5 million shares (+44.9 per cent DoD). Average traded value also increased by 58.6 per cent to reach US$ 78.7 million as against US$ 49.6 million.

Stocks that contributed significantly to the volumes are KEL, PRL, WTL, TELE, and CNERGY while value leaders were TRG, LUCK and NRL

READ MORE: Pakistan stocks gain 357 points as rupee continues recovery

August 15, 2022