Karachi, September 8, 2021 – The open market in Karachi continues to exhibit stability in the exchange rates of the US Dollar (USD) to Pakistani Rupee (PKR) on September 8, 2021.
(more…)Author: Hamza Shahnawaz
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Foreign exchange rates on September 8, 2021
KARACHI: Following are the exchange rates of foreign currencies in Pak Rupee (PKR) on September 8, 2021:
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OGDCL discovers gas reserves in Khyber Pakhtunkhwa
KARACHI: Oil and Gas Development Company Limited (OGDCL) on Tuesday announced the discovery of natural gas in the province of Khyber Pakhtunkhwa, Pakistan.
In a communication shared with the Pakistan Stock Exchange (PSX), the OGDCL said that the company being operator of Wali Exploration License with 100 per cent working interest had made a gas and condensate discovery over Hangu Formation from its exploratory efforts at Wali #01 well which is located in FR Lakki, Khyber Pakhtunkhwa Province, Pakistan.
“Wali# 01 was spudded-in on December 02, 2019, as an exploratory well and drilled down to a total depth of 4727m (measured depth) inside Kawagarh Formation. Based on the good oil/gas shows during drilling, interpretation of open whole logs data, successful testing was carried out in Kawagarh formation, which proved to be gas/condensate discovery.”
Now, Drill Stem Test (DST) # 02 has been performed in Hangu Formation. The well flowed at the rate of 11.361 Million Standard Cubic Feet per Day (MMSCFD) gas and 895 Barrels per Day (BPD) condensate with Well Head Flowing Pressure (WHFP) of 2800 Pounds per Square Inch (PSI) at 32/64” choke size.
It is highlighted that this gas/condensate discovery has further extended the hydrocarbon play area on the southwestern part of the Bannu Basin.
OGDCL being the leading Exploration & Production Company in Pakistan has adopted an aggressive exploration strategy which has resulted in hydrocarbons discoveries.
“This discovery will add to the hydrocarbon reserves base of OGDCL and of the country. It will positively contribute to mitigating energy demand and supply gap from indigenous resources,” the company said, adding that the company would continue to strive for increasing shareholders’ value through a robust exploration program.
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FBR announces transfers of senior tax auditors
The Federal Board of Revenue (FBR) has announced the transfers and postings of senior auditors, effective immediately and until further orders.
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Foodpanda to deliver medicines through pandago
LAHORE: Enhancing the e-commerce avenues, Foodpanda has partnered with Servaid Pharmacy to deliver medicines and other pharmaceutical products via pandago, a rider on demand service.
A signing ceremony took place in Lahore, attended by Raafay Munir, Head of New Verticals foodpanda, and Tahir Abbas, Chief Commercial Officer Servaid.
Under the strategic partnership, foodpanda’s wide network of more than 50,000 riders will enable Servaid to deliver medicines and other pharmaceutical products in real time through pandago which is a logistics-as-a-service solution for businesses.
Raafay Munir, Head of New Verticals foodpanda, while sharing his views on the partnership said, “We are delighted to be partnering with Servaid as our strategic partner for pandago. With foodpanda’s strong logistical network, pandago will allow Servaid to grow their business while ensuring seamless deliveries by requesting a rider via pandago.
“We are committed to ensure the well-being of our communities, their health and safety and this partnership will definitely benefit the end user, especially amidst such testing times.”
He added further: “While speed and convenience have become top priorities of customers in changing times, we aim to bring forth enhanced accessibility and value by drastically reducing the delivery duration per order to under 30 minutes.”
Tahir Abbas, Chief Commercial Officer Servaid stated, “We are excited to partner with foodpanda and reach out to a wider customer base as our deliveries are being taken care of. This strategic collaboration is in-line with our vision of serving the customers in these testing times and prioritising their health and well-being, delivering lifesaving medicines to their doorstep real-time.”
Foodpanda is stepping up response to provide value added services through e-commerce by partnering with companies such as Servaid who share a common vision of serving the customers in a fast paced environment with little to no avenue unturned.
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PIA transports 5.9 million new batch of COVID vaccines
BEIJING: Pakistan International Airlines (PIA), the national flag carrier of the country, has transported 5.9 million doses of COVID-19 vaccines through two special flights from China.
The PIA through its two special cargo flights transported a new batch of 5.9 million doses of vaccines from Beijing Capital International Airport to Islamabad.
Special cargo flights – PK6852 and PK6853 took off from Beijing Capital Airport for Islamabad on Monday and Tuesday and transported 5.9 million doses, Qadir Bux Sangi, PIA Country Manager for China told state media here on Tuesday.
On August 29, the national flag carriers airlifted around 12 million doses of anti-Covid-19 vaccines through its four special cargo flights.
The PIA special flights PK-6852, PK-6853, PK-6854 and PK-6856 transported 12 million doses of Sinovac vaccine procured from China for vaccination of people under government’s ongoing prevention and control drive against Covid-19 pandemic, he added.
He said that under able leadership of its Chief Executive Officer, Arshad Malik, the national flag carrier has so far airlifted over 63 million doses of anti-Covid-19 vaccine through 49 special flights.
It is worth mentioning that the government under its mass vaccination drive has set a target to vaccinate 75 million population by end of 2021.
Chinese vaccines namely Sinopharm, Sinovac and CanSino besides other vaccines are being used in the mass vaccination drive.
The health authorities launched the nationwide vaccination drive with around a million doses of Sinopharm vaccine donated by China, starting with older people and frontline healthcare workers, in March this year.
The drive began with a focus on the oldest people in the community, generally over the age of 80 but now the vaccine is being administered to the people aged over 18 years.
Islamabad received the first COVID-19 vaccine consignment after a military aircraft transported it from Beijing on February 01, this year.
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Pak Rupee to Saudi Riyal on September 7, 2021
KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on September 7, 2021:
Buying: Rs 44.00 to the Saudi Riyal
Selling: Rs 44.50 to the Saudi Riyal
We update rates hourly so we can offer you the best SAR to PKR.
The Saudi Riyal /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.
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Pak Rupee to UAE Dirham on September 7, 2021
KARACHI, September 7, 2021 – The exchange rates between the UAE Dirham (AED) and the Pakistani Rupee (PKR) showcased stability in the open market on September 7, 2021, with the buying rate at Rs 45.10 and the selling rate at Rs 45.60.
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Pak Rupee to Euro on September 7, 2021
KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on September 7, 2021:
Buying: Rs 196.10 to the Euro
Selling: Rs 198.10 to the Euro
We update rates hourly so we can offer you the best EUR to PKR.
The Euro /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.
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Pak Rupee to UK Pound on September 7, 2021
KARACHI, September 7, 2021 – The exchange rates between the UK Pound Sterling (GBP) and the Pakistani Rupee (PKR) demonstrated resilience in the open market on September 7, 2021, with the buying rate at Rs 228.60 and the selling rate at Rs 231.10.
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