Pkrevenue.com

Author: Hamza Shahnawaz

  • Exchange rates: PKR to EUR on January 12, 2022

    Exchange rates: PKR to EUR on January 12, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on January 12, 2022:

    Buying: Rs 199.00 to the Euro

    Selling: Rs 201.00 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 12:00 pM 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.

    Exchange rates: PKR to EUR on January 11, 2022
  • Exchange rates: PKR to SAR on January 12, 2022

    Exchange rates: PKR to SAR on January 12, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on January 12, 2022:

    Buying: Rs 46.70 to the Saudi Riyal

    Selling: Rs 47.20 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 11:28 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.

    Exchange rates: PKR to SAR on January 11, 2022
  • Pakistan’s car sales up monthly highest ahead price hike

    Pakistan’s car sales up monthly highest ahead price hike

    KARACHI: Pakistan’s car sales have increased by 96 per cent to 27,331 units in December 2021, which is the highest ever sale in a month, ahead of hike in prices proposed through mini-budget.

    According to data released by Pakistan Auto Manufacturers Association (PAMA) on Tuesday, the total car sales grew to 27,331 units during December 2021 as compared with 13,956 units in the same month of the last year.

    READ MORE: New rates of FED on local, imported motor vehicles

    Analysts at Arif Habib Limited said that auto sales figures for December 2021, portrayed an increase of 96 per cent year on year (YoY) and 46 per cent month on month (MOM) to 27,331 units.

    “Despite shortage of semi-conductor chips, disruption in international supply chain and booking suspension of various automobiles, the massive growth in sales volumes remained intact mainly due to: improved purchasing power amid rapid economic recovery; and consumers interest in buying cars in anticipation of price hike as cars are soon expected to be slapped with increased regulatory duty (RD) and federal excise duty (FED).”

    READ MORE: Mini-budget: Advance tax on motor vehicles doubles

    In below 1,000 cc, volumes are significantly up by 211 per cent YoY owing to massive surge in sales of Alto. In 1300cc and above, total sales stood at 9,955 units, increasing by 106 per cent YoY due to impressive dispatches of Civic/City, Corolla and Yaris by 188 per cent, 77 per cent and 37 per cent YoY, respectively.

    Pakistan Suzuki Motors Company (PSMC) has posted growth of 104 per cent YoY in December 2021.

    In December 2021, total sales significantly increased by 104 per cent YoY to 15,503 units compared to 7,594 units in December 2020. The all time high monthly sales is mainly attributable to the announcement of price increase by the PSMC which eased cost and exchange rate pressure on it to some extent and thereby lead to resumption of suspended bookings of various models.

    READ MORE: Customs duty collection from imported vehicles surges by 95%

    Dissecting the numbers, Alto, Wagon R and Bolan were the major contributors to the overall growth as their sales volumes underwent a jump of 211 per cent, 205 per cent and 75 per cent YoY, respectively. An upward momentum in sales growth of 82 per cent was also observed on MoM basis.

    The sales of Indus Motors (INDU) jumped by 55 per cent YoY in December 2021 due to robust demand of high end cars at the back of rapid economic recovery coupled with improved purchasing power.

    During December 2021, the sales of Honda Cars witnessed growth in sales volume by 167 per cent and 56 per cent MoM to 4,708 units with Civic/city sales increased by 188 per cent YoY to 4,505 units. The jump in sales volumes is mainly attributable to shifting of cost pressure to end consumers through price hike and increased consumers interest in buying cars at the back of anticipation of price hike as cars are soon expected to be increase after approval of mini-budget.

    READ MORE: Tarin assures car importers of maximum support

  • Today’s currency exchange rates in PKR – Jan 11, 2022

    Today’s currency exchange rates in PKR – Jan 11, 2022

    KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on January 11, 2022 (The rates are updated at 08:57 AM (Pakistan Standard Time):

    CurrencyBuyingSelling
    Australian Dollar (AUD)125.00126.25
     Bahrain Dinar (BHD)386.95388.70
     Canadian Dollar (CAD)138.00139.50
     China Yuan (CNY)23.5023.90
     Danish Krone (DNK)23.5523.85
     Euro (EUR)199.50201.50
     Hong Kong Dollar (HKD)16.9017.15
     Indian Rupee (INR)2.032.10
     Japanese Yen (JPY)1.411.44
     Kuwaiti Dinar (KWD)481.85484.35
     Malaysian Ringgit (MYR)36.5036.85
     NewZealand $ (NZD)96.5597.25
     Norwegians Krone (NOK)17.5017.75
     Omani Riyal (OMR)392.75394.78
     Qatari Riyal (QAR)39.9040.50
     Saudi Riyal (SAR)46.8047.30
     Singapore Dollar (SGD)128.50129.80
     Swedish Korona (SEK)18.6518.90
     Swiss Franc (CHF)160.15161.05
     Thai Bhat (THB)4.804.90
     U.A.E Dirham (AED)49.6050.10
     UK Pound Sterling (GBP)239.50241.30
     US Dollar (USD)178.20179.30

    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.

    Today’s currency exchange rates in PKR – Jan 10, 2022
  • Exchange rates: PKR to USD on January 11, 2022

    Exchange rates: PKR to USD on January 11, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on January 11, 2022:

    Buying: Rs 178.20 to the US Dollar

    Selling: Rs 179.30 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 08:54 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.

    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.

    Exchange rates: PKR to USD on January 10, 2022
  • Exchange rates: PKR to AED on January 11, 2022

    Exchange rates: PKR to AED on January 11, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on January 11, 2022:

    Buying: Rs 49.60 to the UAE Dirham

    Selling: Rs 50.10 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 11:06 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.

    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.

    Exchange rates: PKR to AED on January 10, 2022
  • Exchange rates: PKR to GBP on January 11, 2022

    Exchange rates: PKR to GBP on January 11, 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 January 11, 2022:

    Buying: Rs 239.50 to the UK Pound Sterling

    Selling: Rs 241.30 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 08:48 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.

    Exchange rates: PKR to GBP on January 10, 2022
  • Exchange rates: PKR to EUR on January 11, 2022

    Exchange rates: PKR to EUR on January 11, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on January 11, 2022:

    Buying: Rs 199.50 to the Euro

    Selling: Rs 201.50 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 08:45 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.

    Exchange rates: PKR to EUR on January 10, 2022
  • Exchange rates: PKR to SAR on January 11, 2022

    Exchange rates: PKR to SAR on January 11, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on January 11, 2022:

    Buying: Rs 46.80 to the Saudi Riyal

    Selling: Rs 47.30 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 08:42 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.

  • Carrefour enhances Pakistan investment to Rs10.5 billion

    Carrefour enhances Pakistan investment to Rs10.5 billion

    ISLAMABAD: Carrefour, owned and operated by UAE-based Majid Al Futtaim in Pakistan, has added a further Rs1 billion rupees to its current investment of Rs9.5 billion in the country with the inauguration of a new hypermarket in Gujranwala on Monday

    Syed Fakhar Imam inaugurated the new standalone hypermarket by Carrefour today, in the presence of, Thierry Joulin, Chief Operating Officer Majid Al Futtaim Retail, Umer Lodhi, and Country Manager of Carrefour Pakistan.

    Syed Fakhar Imam emphasised on the important role of retail sector in the local sourcing of fresh produce for the modernization of agricultural sector and its benefit for Pakistan’s economy.

    He also appreciated Carrefour’s role in creating this direct connection between supermarkets and farms which was effectively catering to the domestic food demand of fresh fruits and vegetables.

    With the opening of its 10th store in Pakistan, Carrefour has expressed its great confidence in the country’s retail sector and underlined its desire to support the growth and prosperity of the communities it is a part of.

    The guests were also given a tour of the 15,000 sqm premises that will provide the community of Gujranwala with an elevated shopping experience.

    Through its offering of over 25,000 products in the categories of consumer goods, fresh foods, electronics, home accessories and others, Carrefour Pakistan will bring convenience to the daily lives of shoppers and provide economic support to 170 households in the city through job creation and local sourcing of products.

    Speaking at the occasion, Umer Lodhi said: “We stand by our commitment of providing support to the local economy through our expansion plans and the opening of this hypermarket in Gujranwala is a reflection of this commitment in action. It is also a moment of great pride for us as we play our part in the economic revival of the country alongside the Government of Pakistan through the achievement of shared objectives, including sustainable community development.”

    Working with more than 700 partners from across Pakistan, Carrefour continues to support and source from local producers. Committed to helping drive Pakistan’s economy forward, Carrefour continues its journey of growth, strengthening partnerships, and providing innovative retail services to shoppers.

    In addition to the convenience of in-store shopping for quality products at its ten stores in Pakistan, Carrefour also offers its delivery service through the Carrefour Pakistan app to provide customers with another option for how to shop. The app can be downloaded from the Google Play Store and Apple’s App Store.