Pkrevenue.com

Author: Hamza Shahnawaz

  • Pakistani Rupee to UK Pound Sterling on May 24, 2022

    Pakistani Rupee to UK Pound Sterling on May 24, 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 May 24, 2022:

    Buying: Rs 247.00 to the UK Pound Sterling

    Selling: Rs 249.50 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 08:55 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.

    Pakistani Rupee to UK Pound Sterling on May 23, 2022
  • Pakistani Rupee to Euro on May 24, 2022

    Pakistani Rupee to Euro on May 24, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on May 24, 2022:

    Buying: Rs 205.50 to the Euro

    Selling: Rs 207.00 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 08:51 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.

    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.

    Pakistani Rupee to Euro on May 23, 2022
  • Pakistani Rupee to Saudi Riyal on May 24, 2022

    Pakistani Rupee to Saudi Riyal on May 24, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on May 24, 2022:

    Buying: Rs 52.50 to the Saudi Riyal

    Selling: Rs 53.50 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 08:47 M 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.

    Pakistani Rupee to Saudi Riyal on May 23, 2022
  • SBP raises rates of financing schemes by 200 bps

    SBP raises rates of financing schemes by 200 bps

    KARACHI: The State Bank of Pakistan (SBP) on Monday enhanced rates for financing schemes sharply by 200 basis points following massive increase in key policy rate.

    The SBP increased the mark up rate for financing under Export Finance Scheme (EFS) from 5.5 per cent per annum to 7.5 per cent per annum. Similarly, mark up rate for financing under Long Term Financing Facility (LTFF) has been enhanced from 5 per cent to 7 per cent per annum.

    READ MORE: SBP increases interest rate by 150bps to 13.75%

    The increase in interest rates is applicable from May 24, 2022.

    Further, in future, the rates of EFS and LTFF will be linked with SBP Policy Rate through a formula so that any change in Policy Rate is automatically reflected in rates of these refinance schemes, the SBP said.

    While doing so, it will be ensured that rates on these SBP refinance facilities are maintained at such level that they continue to provide sufficient incentive to export sector of Pakistan.

    READ MORE: SBP may increase key policy rate by 100bps: poll

    Earlier, the SBP on Monday increased the key policy rate by 150 basis points to 13.75 per cent from 12.25 per cent.

    While increase the key policy rate, the SBP said since the last Monetary Policy Committee (MPC) meeting, provisional estimates suggest that growth in FY22 has been much stronger than expected.

    READ MORE: SBP may raise policy rate by 100bps to 13.25%

    Meanwhile, external pressures remain elevated and the inflation outlook has deteriorated due to both home-grown and international factors. Domestically, an expansionary fiscal stance this year, exacerbated by the recent energy subsidy package, has fueled demand and lingering policy uncertainty has compounded pressures on the exchange rate.

    Globally, inflation has intensified due to the Russia-Ukraine conflict and renewed supply disruptions caused by the new Covid wave in China. As a result, almost all central banks across the world are suddenly confronting multi-year high inflation and a challenging outlook.

    READ MORE: Policy rate may rise as T-Bill yields increase sharply

  • Pakistan stocks plunge by 660 points on political tensions

    Pakistan stocks plunge by 660 points on political tensions

    KARACHI: Pakistan stocks on Monday plunged by 660 points over rising political tensions in the country, especially after date announcement for a long march.

    The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) fell by 660 points to end at 42,440 points from last Friday’s closing of 43,100 points.

    READ MORE: Weekly Review: IMF outcome to set market direction

    The confidence of investors shattered due further deepen political uncertainties following date announced for the long march by PTI chairman Imran Khan.

    Analysts at Arif Habib Limited said that the market witnessed a bloodbath session as investor remained bearish throughout the day.

    READ MORE: Pakistan stocks gain 117 points in lackluster session

    The bench mark KSE-100 index nosedived from the beginning of the session as increase in the political noise over the weekend and uncertainty regarding resumption of IMF Program along with continued depreciation of Pak Rupee against US Dollar and rumor of rate hike in the monetary policy, shattering investors’ confidence.

    Volumes remained dull in the main board although hefty volumes were observed in 3rd tier stocks.

    READ MORE: Pakistan stocks gain 59 points in range bound trading

    The Index closed at 42,440.25 points, down by 660.46 points (-1.53 per cent DoD). Sectors contributing to the performance include Cement (-120.8 points), Fertilizer (-89.0 points), E&P’s (-79.9 points), Technology (-72.5 points) and Banks (-63.1 points).

    READ MORE: Pakistan stocks fall 819 points on rupee devaluation

    Volumes decreased from 189.9 million shares to 119.0 million shares (-37.4 per cent DoD). Average traded value also decreased by 6.6 per cent to reach US$ 17.8 million as against US$ 19.1 million.

    Stocks that contributed significantly to the volumes are SILK, WTL, KEL, GGL and CNERGY.

  • Foreign currency rates in Pak Rupee – May 23, 2022

    Foreign currency rates in Pak Rupee – May 23, 2022

    KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on May 23, 2022 (The rates are updated at 10:20 AM (Pakistan Standard Time):

    CurrencyBuyingSelling
    Australian Dollar (AUD)135.50137.50
     Bahrain Dinar (BHD)386.50388.50
     Canadian Dollar (CAD)153.00155.00
     China Yuan (CNY)23.5523.95
     Danish Krone (DNK)23.6523.95
     Euro (EUR)204.50206.00
     Hong Kong Dollar (HKD)16.6016.85
     Indian Rupee (INR)2.032.10
     Japanese Yen (JPY)1.411.44
     Kuwaiti Dinar (KWD)481.85484.35
     Malaysian Ringgit (MYR)36.7537.10
     NewZealand $ (NZD)96.8597.55
     Norwegians Krone (NOK)17.5017.75
     Omani Riyal (OMR)392.95394.98
     Qatari Riyal (QAR)39.9040.50
     Saudi Riyal (SAR)52.0053.00
     Singapore Dollar (SGD)135.50137.50
     Swedish Korona (SEK)18.8019.05
     Swiss Franc (CHF)160.35161.25
     Thai Bhat (THB)4.804.90
     U.A.E Dirham (AED)54.5055.50
     UK Pound Sterling (GBP)246.00248.50
     US Dollar (USD)200.50202.00

    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.

    Foreign currency rates in Pak Rupee – May 22, 2022
  • Pakistani Rupee to US Dollar on May 23, 2022

    Pakistani Rupee to US Dollar on May 23, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on May 23, 2022:

    (more…)
  • Pakistani Rupee to UAE Dirham on May 23, 2022

    Pakistani Rupee to UAE Dirham on May 23, 2022

    KARACHI, May 23, 2022 — The exchange rate for one UAE Dirham (AED) in terms of the Pakistani Rupee (PKR) has been updated for today, reflecting the ongoing fluctuations in the open market.

    (more…)
  • Pakistani Rupee to UK Pound Sterling on May 23, 2022

    Pakistani Rupee to UK Pound Sterling on May 23, 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 May 23, 2022:

    Buying: Rs 246.00 to the UK Pound Sterling

    Selling: Rs 248.50 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 09:51 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.

    Pakistani Rupee to UK Pound Sterling on May 22, 2022
  • Pakistani Rupee to Euro on May 23, 2022

    Pakistani Rupee to Euro on May 23, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on May 23, 2022:

    Buying: Rs 204.50 to the Euro

    Selling: Rs 206.00 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 09:42 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.

    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.

    Pakistani Rupee to Euro on May 22, 2022