KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday warned closure of factories in the country due to highly volatile rupee/dollar parity.
(more…)Author: Hamza Shahnawaz
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Global car manufacturers agree to introduce electric mini-commercial vans
TOKYO, Japan: Leading global car manufacturers have agreed to work towards the market introduction of mini-commercial van electric vehicles (BEVs) in FY 2023 to achieve carbon neutrality.
In a statement issued on Tuesday, Suzuki Motor Corporation (Suzuki), Daihatsu Motor Co., Ltd. (Daihatsu), Toyota Motor Corporation (Toyota), and Commercial Japan Partnership Technologies Corporation (CJPT) announced that they have agreed to work towards the market introduction of mini-commercial van electric vehicles (BEVs) in FY2023 to achieve carbon neutrality.
READ MORE: Toyota unveils all new Crown for first time
Mini-commercial vehicles cover areas accessible only to them because of their small size and are important in supporting last-mile logistics. They have become widespread accounting for about 60% of the total commercial vehicle fleet, making them a type of vehicle capable of contributing significantly to the achievement of carbon neutrality if electrification advances.
However, a major issue in promoting the electrification of mini-commercial vehicles is the increasing burden on society as a whole, including the higher vehicle costs associated with electrification, the costs related to charging infrastructure, and the charging time (downtime: a period when vehicles and cargo are stopped).
READ MORE: Honda Motors to start pre-orders of ZR-V SUV by September 2022
It is under these circumstances, to realize an affordable mini-commercial van BEV that meets the usage needs of commercial customers, CJPT will participate in the planning, and Suzuki, Daihatsu, and Toyota will jointly develop a BEV system suitable for mini-commercial vehicles by combining Suzuki and Daihatsu’s know-how in manufacturing mini vehicles with Toyota’s electrification technology.
The mini-commercial van BEV developed by these four companies will be used by partners in social implementation projects in Fukushima Prefecture and Tokyo.
Suzuki, Daihatsu, Toyota, and CJPT will continue to promote efforts to practically achieve carbon neutrality through the provision of sustainable means of transportation.
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Fitch revises Pakistan’s outlook to negative
HONG KONG: Fitch Ratings on Monday revised Pakistan’s Outlook to Negative from Stable, while affirming its Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘B-‘.
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Foreign currency rates in Pak Rupee – July 19, 2022
KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on July 19, 2022 (The rates are updated at 11:05 AM (Pakistan Standard Time):
Currency Buying Selling Australian Dollar (AUD) 141.65 142.90 Bahrain Dinar (BHD) 556.89 561.39 Canadian Dollar (CAD) 160.70 162.05 China Yuan (CNY) 30.99 31.24 Danish Krone (DNK) 28.37 28.72 Euro (EUR) 207.00 209.50 Hong Kong Dollar (HKD) 26.67 27.02 Indian Rupee (INR) 2.62 2.70 Japanese Yen (JPY) 1.50 1.55 Kuwaiti Dinar (KWD) 678.08 683.08 Malaysian Ringgit (MYR) 47.16 47.61 NewZealand $ (NZD) 129.07 130.27 Norwegians Krone (NOK) 20.45 20.75 Omani Riyal (OMR) 544.58 549.08 Qatari Riyal (QAR) 57.57 58.07 Saudi Riyal (SAR) 55.50 56.30 Singapore Dollar (SGD) 149.61 150.91 Swedish Korona (SEK) 19.82 20.12 Swiss Franc (CHF) 213.18 214.93 Thai Bhat (THB) 5.94 6.04 U.A.E Dirham (AED) 57.00 58.00 UK Pound Sterling (GBP) 246.00 249.00 US Dollar (USD) 210.50 213.00 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.
READ MORE: Foreign currency rates in Pak Rupee – July 18, 2022
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Pakistani Rupee to US Dollar on July 19, 2022
KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on July 19, 2022:
Buying: Rs 210.50 to the US Dollar
Selling: Rs 213.00 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 10:04 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.
READ MORE: Pakistani Rupee to US Dollar on July 18, 2022
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Pakistani Rupee to UAE Dirham on July 19, 2022
KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on July 19, 2022:
Buying: Rs 57.00 to the UAE Dirham
Selling: Rs 58.00 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 10:03 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.
READ MORE: Pakistani Rupee to UAE Dirham on July 18, 2022
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Pakistani Rupee to UK Pound Sterling on July 19, 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 July 19, 2022:
Buying: Rs 246.00 to the UK Pound Sterling
Selling: Rs 249.00 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 10:02 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.
READ MORE: Pakistani Rupee to UK Pound Sterling on July 18, 2022
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Pakistani Rupee to Euro on July 19, 2022
KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on July 19, 2022:
Buying: Rs 207.00 to the Euro
Selling: Rs 209.50 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 10:02 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.
READ MORE: Pakistani Rupee to Euro on July 18, 2022
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Pakistani Rupee to Saudi Riyal on July 19, 2022
KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on July 19, 2022:
Buying: Rs 55.50 to the Saudi Riyal
Selling: Rs 56.30 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 10:01 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.
READ MORE: Pakistani Rupee to Saudi Riyal on July 18, 2022
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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.
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Pakistani Rupee to UAE Dirham on July 19, 2022
KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on July 19, 2022:
Buying: Rs 57.00 to the UAE Dirham
Selling: Rs 58.00 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 10:03 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.
READ MORE: Pakistani Rupee to UAE Dirham on July 18, 2022
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Pakistani Rupee to US Dollar on July 19, 2022
KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on July 19, 2022:
Buying: Rs 210.50 to the US Dollar
Selling: Rs 213.00 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 10:04 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.
READ MORE: Pakistani Rupee to US Dollar on July 18, 2022
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Pakistani Rupee to UK Pound Sterling on July 19, 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 July 19, 2022:
Buying: Rs 246.00 to the UK Pound Sterling
Selling: Rs 249.00 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 10:02 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.
READ MORE: Pakistani Rupee to UK Pound Sterling on July 18, 2022
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Pakistani Rupee to Euro on July 19, 2022
KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on July 19, 2022:
Buying: Rs 207.00 to the Euro
Selling: Rs 209.50 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 10:02 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.
READ MORE: Pakistani Rupee to Euro on July 18, 2022
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Pakistani Rupee to Saudi Riyal on July 19, 2022
KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on July 19, 2022:
Buying: Rs 55.50 to the Saudi Riyal
Selling: Rs 56.30 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 10:01 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.
READ MORE: Pakistani Rupee to Saudi Riyal on July 18, 2022
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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.
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Pakistani Rupee to UK Pound Sterling on July 19, 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 July 19, 2022:
Buying: Rs 246.00 to the UK Pound Sterling
Selling: Rs 249.00 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 10:02 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.
READ MORE: Pakistani Rupee to UK Pound Sterling on July 18, 2022
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Pakistani Rupee to UAE Dirham on July 19, 2022
KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on July 19, 2022:
Buying: Rs 57.00 to the UAE Dirham
Selling: Rs 58.00 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 10:03 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.
READ MORE: Pakistani Rupee to UAE Dirham on July 18, 2022
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Pakistani Rupee to US Dollar on July 19, 2022
KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on July 19, 2022:
Buying: Rs 210.50 to the US Dollar
Selling: Rs 213.00 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 10:04 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.
READ MORE: Pakistani Rupee to US Dollar on July 18, 2022
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Pakistani Rupee to Euro on July 19, 2022
KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on July 19, 2022:
Buying: Rs 207.00 to the Euro
Selling: Rs 209.50 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 10:02 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.
READ MORE: Pakistani Rupee to Euro on July 18, 2022
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Pakistani Rupee to Saudi Riyal on July 19, 2022
KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on July 19, 2022:
Buying: Rs 55.50 to the Saudi Riyal
Selling: Rs 56.30 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 10:01 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.
READ MORE: Pakistani Rupee to Saudi Riyal on July 18, 2022
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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.
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Pakistani Rupee to Euro on July 19, 2022
KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on July 19, 2022:
Buying: Rs 207.00 to the Euro
Selling: Rs 209.50 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 10:02 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.
READ MORE: Pakistani Rupee to Euro on July 18, 2022
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Pakistani Rupee to UK Pound Sterling on July 19, 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 July 19, 2022:
Buying: Rs 246.00 to the UK Pound Sterling
Selling: Rs 249.00 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 10:02 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.
READ MORE: Pakistani Rupee to UK Pound Sterling on July 18, 2022
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Pakistani Rupee to UAE Dirham on July 19, 2022
KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on July 19, 2022:
Buying: Rs 57.00 to the UAE Dirham
Selling: Rs 58.00 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 10:03 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.
READ MORE: Pakistani Rupee to UAE Dirham on July 18, 2022
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Pakistani Rupee to US Dollar on July 19, 2022
KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on July 19, 2022:
Buying: Rs 210.50 to the US Dollar
Selling: Rs 213.00 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 10:04 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.
READ MORE: Pakistani Rupee to US Dollar on July 18, 2022
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Pakistani Rupee to Saudi Riyal on July 19, 2022
KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on July 19, 2022:
Buying: Rs 55.50 to the Saudi Riyal
Selling: Rs 56.30 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 10:01 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.
READ MORE: Pakistani Rupee to Saudi Riyal on July 18, 2022
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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.
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Pakistani Rupee to Saudi Riyal on July 19, 2022
KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on July 19, 2022:
Buying: Rs 55.50 to the Saudi Riyal
Selling: Rs 56.30 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 10:01 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.
READ MORE: Pakistani Rupee to Saudi Riyal on July 18, 2022
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Pakistani Rupee to Euro on July 19, 2022
KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on July 19, 2022:
Buying: Rs 207.00 to the Euro
Selling: Rs 209.50 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 10:02 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.
READ MORE: Pakistani Rupee to Euro on July 18, 2022
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Pakistani Rupee to UK Pound Sterling on July 19, 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 July 19, 2022:
Buying: Rs 246.00 to the UK Pound Sterling
Selling: Rs 249.00 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 10:02 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.
READ MORE: Pakistani Rupee to UK Pound Sterling on July 18, 2022
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Pakistani Rupee to UAE Dirham on July 19, 2022
KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on July 19, 2022:
Buying: Rs 57.00 to the UAE Dirham
Selling: Rs 58.00 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 10:03 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.
READ MORE: Pakistani Rupee to UAE Dirham on July 18, 2022
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Pakistani Rupee to US Dollar on July 19, 2022
KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on July 19, 2022:
Buying: Rs 210.50 to the US Dollar
Selling: Rs 213.00 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 10:04 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.
READ MORE: Pakistani Rupee to US Dollar on July 18, 2022
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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.
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Pakistan stocks plunge 708 points in bloodbath session
KARACHI: Pakistan stocks lost 708 points on Monday as political uncertainty resulted in a bloodbath session.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 41,367 points from previous day’s closing of 42,075 points, showing a decline of 708 points.
READ MORE: Weekly Review: stocks likely to stay positive
Analysts at Topline Securities commented that Pakistan equities commenced the week on a bearish note on the backdrop of increasing noise on the political front after the surprise clean sweep victory of PTI (Opposition party to the ruling coalition) in Bi-Election held in the biggest province of the country.
Meanwhile, analysts at Arif Habib Limited said that the benchmark KSE-100 index witnessed a bloodbath session today over prevailing political uncertainty in the country.
READ MORE: Weekly Review: market likely to stay range-bound
The market opened in the negative zone and remained under pressure throughout the day as investors opted for panic selling due to rupee devaluation against USD.
The main board volumes remained dull although hefty volumes were observed in the 3rd tier stocks.
Sectors contributing to the performance include Banks (-127.6 points), Cement (-106.6 points), Fertilizer (-106.2 points), E&P (-69.1 points) and Technology (-67.9 points).
READ MORE: Stocks gain 184 points in lackluster trading activity
Volumes increased from 140.1 million shares to 151.4 million shares (+8.0 per cent DoD). Average traded value decreased by 18.9 per cent to reach US$ 20.3 million as against US$ 25.0 million.
Stocks that contributed significantly to the volumes are WTL, KEL, TPLP, PRL and CLVLR.