KARACHI: The exchange rates for the Euro (EUR) in Pakistani Rupee (PKR) in the open market on April 30, 2022, are as follows:
(more…)Author: Hamza Shahnawaz
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Pakistani Rupee to Saudi Riyal on April 30, 2022
KARACHI: The exchange rates for the Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on April 30, 2022, are as follows:
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FPCCI protests over advisory council formation
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has strongly protested over no consultation of industry in formation of economic advisory council by the new government.
In a statement on Friday, FPCCI President Irfan Iqbal Sheikhhas expressed his shock over the formation of Economic Advisory Council under the leadership of Prime Minister Mian Shehbaz Sharif without consulting the business, industry and trade community of Pakistan.
READ MORE: FPCCI demands reducing income tax slabs to five
“We have also not given a representation in the council; and, it is counterproductive – to say the least,” he added.
The FPCCI is the apex trade body of the country and represents chamber of commerce and trade associations across the country.
Irfan Iqbal Sheikh maintained that FPCCI is the apex chamber of the country and its representation would provide the able and timely assistance to the Prime Minister and his economic team in the matters of budget-making; taxation and tariffs; governance & administrative reforms; rapid industrialization; textiles and allied industries; promotion of information and communication technologies; EPZs and SEZs; export growth & import substitution; rupee-dollar parity and SMEs.
READ MORE: Tax slabs reduction may be considered: FBR chairman
FPCCI President noted with concern that current account deficit (CAD) will be close to $20 billion, which is well above 5 percent of GDP; inflation has crossed 12 percent and heading towards 15 percent by the year end; trade deficit has crossed $35 billion in the nine months of July – March; KIBOR is 14.10 percent after 13 years and 6-month treasury bills at 14.99 percent after 22 years.
“Interestingly, this is happening in spite of record proceeds from exports, remittances and taxes,” he added.
READ MORE: High interest rate to destroy economy: FPCCI
While proposing the imposition of an economic emergency a few days back, FPCCI President has also expressed his willingness to engage with the government in a productive consultative process to take on the economic challenges collectively in the broader national interest.
However, Irfan Iqbal Sheikh has reiterated his stance that policies should not be announced in a vacuum without consulting the business, industry and trade community – as they are the real stakeholders in the economy.
READ MORE: Political unrest dents foreign investors’ confidence: Nisar
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Foreign currency rates in Pak Rupee – April 29, 2022
KARACHI: The following are the open market exchange rates of foreign currencies against the Pak Rupee (PKR) as reported on April 29, 2022. These rates were updated at 07:21 AM Pakistan Standard Time (PST):
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Pakistani Rupee to US Dollar on April 29, 2022
KARACHI: The exchange rates for the US Dollar (USD) in Pakistani Rupee (PKR) in the open market on April 29, 2022, are as follows:
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Pakistani Rupee to UAE Dirham on April 29, 2022
As of April 29, 2022, the exchange rates for buying and selling one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market are as follows:
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Pakistani Rupee to UK Pound Sterling on April 29, 2022
KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on April 29, 2022:
Buying: Rs 237.00 to the UK Pound Sterling
Selling: Rs 240.00 to the UK Pound Sterling
The buying rate means an exchange company or a bank buys foreign currency from a customer.
The selling rate means an exchange company or a bank sells the foreign currency from a customer.
The rate has been updated at 07:06 AM Pakistan Standard Time (PST).
The UK Pound Sterling /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.
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Pakistani Rupee to Euro on April 29, 2022
KARACHI: The open market rates for the Euro (EUR) against the Pakistani Rupee (PKR) were updated at 6:59 AM Pakistan Standard Time (PST) on April 29, 2022. As of this morning, the buying rate for one Euro is set at Rs 199.00, while the selling rate is Rs 201.00.
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Pakistani Rupee to Saudi Riyal on April 29, 2022
KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on April 29, 2022:
Buying: Rs 48.40 to the Saudi Riyal
Selling: Rs 48.90 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 06:50 AM Pakistan Standard Time (PST).
The Saudi Riyal /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.
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Jazz invests Rs14.9 billion during first quarter
KARACHI: Jazz has invested PKR 14.9 billion under its ‘4G for all’ ambition during the first quarter of 2022, taking its overall investment in Pakistan to US$10.2 billion, according to a statement on Thursday.
A majority of its capital expenditure during this quarter was on the addition of approximately 500 new 4G sites, reaching a population coverage of its 4G service to 55.7per cent.
READ MORE: Jazz recognized for driving change beyond workplace
This network expansion played a key role in increasing Jazz’s 4G customer base by 27.8 percent YoY to reach 36.7 million while its overall subscriber base touched close to 75 million.
The performance of its digital services during the quarter solidified Jazz’s position as the country’s leading digital operator. Its digital financial service, JazzCash, reached 15.7 million monthly active users and 145, 000 active merchants. Its self-care app, Jazz World, continued to enjoy strong customer adoption levels with monthly active users growing by 23.1per cent YoY to reach 10.5 million.
READ MORE: Jazz Digital Park inaugurated in Islamabad
Jazz CEO Aamir Ibrahim, said, “We are continuously investing in expanding the outreach and capacity of our 4G network mainly in semi-urban and rural areas to empower the underserved, especially women, to benefit from the digital services portfolio we offer.
READ MORE: Jazz’s investment in Pakistan crosses $10 billion
“Jazz remains committed to addressing the barriers to an inclusive digital ecosystem, including device affordability, so our fellow citizens can access health, financial, and other life-enhancing services through mobile broadband.”
Other streaming and entertainment platforms such as Tamasha, Bajao, Jazz Cricket, and Deikho, also enjoyed further growth as their quarterly usage increased multiple times YoY.