Author: Mrs. Anjum Shahnawaz

  • PKR to AED on November 19, 2022

    PKR to AED on November 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 November 19, 2022:

    Buying: Rs 64.00 to the UAE Dirham

    Selling: Rs 64.64 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 09:00 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.

    PKR to AED on November 18, 2022

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    PKR to CAD on November 19, 2022

    KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on November 19, 2022:

    Buying: Rs 175.00 to the Canadian Dollar

    Selling: Rs 177.00 to the Canadian 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 for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Canadian Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to CAD on November 18, 2022

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    PKR to USD on November 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 November 19, 2022:

    Buying: Rs 227.25 to the US Dollar

    Selling: Rs 229.95 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 09:00 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.

    PKR to USD on November 18, 2022

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    PKR to SAR on November 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 November 19, 2022:

    Buying: Rs 62.50 to the Saudi Riyal

    Selling: Rs 63.10 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 09:00 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.

    PKR to SAR on November 18, 2022

    ————————————————-

    PKR to EUR on November 19, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on November 19, 2022:

    Buying: Rs 243.00 to the Euro

    Selling: Rs 245.40 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 09:00 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.

    PKR to EUR on November 18, 2022

    ————————————————-

    PKR to GBP on November 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 November 19, 2022:

    Buying: Rs 279.00 to the UK Pound Sterling

    Selling: Rs 281.80 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 09:00 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.

    PKR to GBP on November 18, 2022

    ————————————————-

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. 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.

  • PKR to GBP on November 19, 2022

    PKR to GBP on November 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 November 19, 2022:

    Buying: Rs 279.00 to the UK Pound Sterling

    Selling: Rs 281.80 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 09:00 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.

    PKR to GBP on November 18, 2022

    ————————————————-

    PKR to AED on November 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 November 19, 2022:

    Buying: Rs 64.00 to the UAE Dirham

    Selling: Rs 64.64 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 09:00 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.

    PKR to AED on November 18, 2022

    ————————————————-

    PKR to CAD on November 19, 2022

    KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on November 19, 2022:

    Buying: Rs 175.00 to the Canadian Dollar

    Selling: Rs 177.00 to the Canadian 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 for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Canadian Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to CAD on November 18, 2022

    ————————————————-

    PKR to USD on November 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 November 19, 2022:

    Buying: Rs 227.25 to the US Dollar

    Selling: Rs 229.95 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 09:00 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.

    PKR to USD on November 18, 2022

    ————————————————-

    PKR to SAR on November 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 November 19, 2022:

    Buying: Rs 62.50 to the Saudi Riyal

    Selling: Rs 63.10 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 09:00 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.

    PKR to SAR on November 18, 2022

    ————————————————-

    PKR to EUR on November 19, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on November 19, 2022:

    Buying: Rs 243.00 to the Euro

    Selling: Rs 245.40 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 09:00 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.

    PKR to EUR on November 18, 2022

    ————————————————-

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. 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.

  • PKR to EUR on November 19, 2022

    PKR to EUR on November 19, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on November 19, 2022:

    Buying: Rs 243.00 to the Euro

    Selling: Rs 245.40 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 09:00 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.

    PKR to EUR on November 18, 2022

    ————————————————-

    PKR to GBP on November 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 November 19, 2022:

    Buying: Rs 279.00 to the UK Pound Sterling

    Selling: Rs 281.80 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 09:00 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.

    PKR to GBP on November 18, 2022

    ————————————————-

    PKR to AED on November 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 November 19, 2022:

    Buying: Rs 64.00 to the UAE Dirham

    Selling: Rs 64.64 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 09:00 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.

    PKR to AED on November 18, 2022

    ————————————————-

    PKR to CAD on November 19, 2022

    KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on November 19, 2022:

    Buying: Rs 175.00 to the Canadian Dollar

    Selling: Rs 177.00 to the Canadian 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 for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Canadian Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to CAD on November 18, 2022

    ————————————————-

    PKR to USD on November 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 November 19, 2022:

    Buying: Rs 227.25 to the US Dollar

    Selling: Rs 229.95 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 09:00 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.

    PKR to USD on November 18, 2022

    ————————————————-

    PKR to SAR on November 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 November 19, 2022:

    Buying: Rs 62.50 to the Saudi Riyal

    Selling: Rs 63.10 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 09:00 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.

    PKR to SAR on November 18, 2022

    ————————————————-

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. 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.

  • PKR to SAR on November 19, 2022

    PKR to SAR on November 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 November 19, 2022:

    Buying: Rs 62.50 to the Saudi Riyal

    Selling: Rs 63.10 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 09:00 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.

    PKR to SAR on November 18, 2022

    ————————————————-

    PKR to EUR on November 19, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on November 19, 2022:

    Buying: Rs 243.00 to the Euro

    Selling: Rs 245.40 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 09:00 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.

    PKR to EUR on November 18, 2022

    ————————————————-

    PKR to GBP on November 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 November 19, 2022:

    Buying: Rs 279.00 to the UK Pound Sterling

    Selling: Rs 281.80 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 09:00 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.

    PKR to GBP on November 18, 2022

    ————————————————-

    PKR to AED on November 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 November 19, 2022:

    Buying: Rs 64.00 to the UAE Dirham

    Selling: Rs 64.64 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 09:00 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.

    PKR to AED on November 18, 2022

    ————————————————-

    PKR to CAD on November 19, 2022

    KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on November 19, 2022:

    Buying: Rs 175.00 to the Canadian Dollar

    Selling: Rs 177.00 to the Canadian 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 for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Canadian Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to CAD on November 18, 2022

    ————————————————-

    PKR to USD on November 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 November 19, 2022:

    Buying: Rs 227.25 to the US Dollar

    Selling: Rs 229.95 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 09:00 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.

    PKR to USD on November 18, 2022

    ————————————————-

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. 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.

  • SECP slaps penalties worth Rs4.78 billion on companies in FY22

    SECP slaps penalties worth Rs4.78 billion on companies in FY22

    ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has slapped monetary penalties amounting PKR 4.78 billion on registered companies during fiscal year 2021-2022.

    The SECP on Friday issued annual report for fiscal year 2021-2022. It said building on the initiatives of the previous fiscal year of establishment of a dedicated supervision division and a dedicated adjudication division, the SECP has concluded 579 cases through orders imposing penalties amounting to Rs77 million on listed companies and licensed entities on account of violation of relevant laws.

    READ MORE: Honda Cars Pakistan posts massive 85pc decline in half year profit

    Likewise, 85,519 orders were issued to unlisted companies imposing penalties amounting to Rs4.701 billion.

    SECP Chairman Aamir Khan has expressed his satisfaction that the Commission has achieved significant progress in multiple areas including transparent and fair enforcement, promoting ease of doing business, supporting innovation and entrepreneurship, financial inclusion and market development.

    In his message Amir Khan said that in pursuit of developmental reforms “the over-arching enablers were identified as promoting digitalisation, simplifying regulatory structure, reducing cost of compliance and invigorating the exchange of ideas and concepts with market participants and stakeholders”.

    READ MORE: Faysal Bank posts 51% growth in profit before tax

    This year, while moving further towards a functional based structure, the SECP has successfully consolidated its licensing activity under a centralized department. The centralization of licensing will bring uniformity, efficiency and transparency into the issuance and renewal of licenses, and related approvals.

    Other significant progress includes the issuance of digital mortgage certificates and acknowledgements of annual and other returns; issuance of digital CTCs of the company’s statutory returns and digital company profile.

    To facilitate easy exit, an online portal of Companies’ Easy Exit has been launched. Moreover, the process of company incorporation has been centralized at the head office to standardize and facilitate expeditions processing.

    READ MORE: NBP net profit declines by 21% on high tax incidence in 9MCY22

    The SECP, in coordination with SBP, has also launched an exclusive digital portal, which enables banks to certify a company’s filings. In FY 2021-22, numerous reforms were introduced in the capital market to bring efficiency, transparency, depth and ease for the investors.

    The process for submitting IPO applications by the issuers/companies has been automated. The opening of news accounts by small investors was made very simple through a new category of “Sehl Account”, wherein investors can be onboarded through microfinance banks backed by telecom providers.

    Further, to simplify investment in mutual funds, Pakistan’s first mutual fund digital distribution platform, namely “Emlaak Financials” has been launched by the central Depository Company (CDC). The pension funds have been allowed to invest in REITs, Private Equities, Venture Capital Funds and ETFs.

    READ MORE: K-Electric posts huge losses despite 144% jump in tariff adjustment revenue

    Moreover, pension funds have also been allowed passive investment strategies in the form of Index sub-fund. In addition, financial institutions including Banks, DFIs, PDs, AMCs etc. have been allowed to act as market makers, thereby increasing secondary debt market liquidity.

    So far, 16 financial institutions have been registered as market makers. For the first time, the SECP has awarded a NBFC license to operate as a P2P lending platform on a commercial basis.

    The P2P operations of NBFC were successfully tested under SECP’s regulatory sandbox. To provide immediate responses and guidance regarding company incorporation, the SECP has launched WhatsApp and Wechat service.

    Through the service which is the first of its kind in Pakistan’s public sector, the SECP has handled 29,681 queries during FY 2021-22, having a satisfaction ratio exceeding 89 per cent.

    The SECP also handled 10,204 complaints through its digital complaint dashboard (Service Desk Management System – SDMS), out of which, 9,761 (96 per cent) stand resolved/closed and the remaining are at different stages of being addressed.

    SECP Chairman Aamir Khan said: “SECP will continue promoting innovation through closer collaboration with our regulated sectors, academia and incubators.”

  • Qatari envoy highlights FIFA World Cup 2022 arrangements

    Qatari envoy highlights FIFA World Cup 2022 arrangements

    KARACHI: Consul General of Qatar Mishal Mohammad Ali Al-Ansari has highlighted arrangement for FIFA World Cup 2022 in Qatar, kicking off this Sunday November 20, 2022.

    During his visit to Karachi Chamber of Commerce and Industry (KCCI), Qatari CG informed that the State of Qatar was ready to welcome friends and visitors from around the world which will kicks off this Sunday, November 20th, and the matches will take place in eight outstanding stadiums in which Qatar was expecting more than 3 million spectators who will be in Qatar to watch this historical event.

    “A lot of work has been done to prepare, overprepare and go beyond to make sure that everything goes on smoothly. All sectors including security, hotels, rooms and transportation etc. have been fully covered while Pakistan Army’s staff is also part of the security team”, he said, adding that to be on the safe side, three cruise ships have also been booked of which two have already arrived in Qatar to accommodate visitors in case all the hotels in Qatar were fully booked.

    He said: “These gigantic cruise ships comprising of 26 floors and having 1,000 rooms each are already docked whereas thousands of luxurious tents having rest rooms and bed rooms have also been established in the desert as it is a totally different world cup in which all the matches will be played in eight stadiums situated in one city and away at a distance of half-an-hour from each other.

    “Of course, it’s going to be a month of festivities and the people have already started pouring into Qatar from Argentina, Brazil and Europe so it’s a big party scene now.”

    Qatar stood in solidarity with the people of Pakistan during this year’s flashfloods and torrential rains. “As our sympathies are for those who have lost their livelihood, several Qatari aircrafts carrying hundreds of tons of emergency relief aids arrived in our brotherly country under the directives of His Highness Sheikh Tamim bin Hamad Al Thani and the humanitarian support from Qatar continues to date which demonstrates our commitment.”

    Qatar is Pakistan’s thirteenth biggest trade partner and in 2021, the bilateral trade volume between the two brotherly countries was over $2.73 billion which continues to show steady growth.

    “Qatar and Pakistan have well established relations which are based on shared religion, culture, abilities and geographical proximity”, he added.

    Referring to last year’s meeting in August in Diwan-e-Amiri, Doha between Qatar’s Emir Sheikh Tamim bin Hamad Al Thani and Prime Minister Shehbaz Sharif, he said that both leaders besides stressing on the importance of brotherly and strategic relations, expressed aspirations to enhance economic partnership, bilateral trade exchanges and investments promotion through Qatar Investment Authority. “In this regard, Qatar Investment Authority announced to invest US$3 billion various commercial and investment sectors in Pakistan.”

    President KCCI Mohammed Tariq Yousuf, Senior Vice President Touseef Ahmed, Vice President Muhammad Haris Agar, Former President Majyd Aziz and KCCI Managing Committee Members were also present on the occasion.

    President KCCI Mohammed Tariq Yousuf, while welcoming the Qatari Consul General, stated that Pakistan and Qatar enjoy strong, bilateral, social, political & economic relationship. “Pakistan has sent over 1.1 million workers abroad during the last three years despite COVID-19 pandemic, out of which 53,000 plus workforce were exported to Qatar”, he noted, adding that both countries must work together to develop capacity building of Pakistan’s skilled workforce to match the requirements of employers abroad with a view to improve remuneration for Pakistani expatriates.

    He said that trade volume between both countries has skyrocketed to new heights as compared to previous years on account of the LNG supply agreement. “We urge Qatari investors to invest in Pakistan’s petroleum industry to develop the LNG domestic market which holds tremendous opportunities for foreign investments.”

    Tariq Yousuf urged that as Qatar was one of the top Liquified Natural Gas (LNG) suppliers in the world and Pakistan was currently facing severe energy crises, Qatar’s authorities must supply LNG to Pakistan on a priority basis to address the shortages.

    Underscoring the need to strengthen bilateral economic cooperation through enhanced interaction between private sectors, he noted that Pakistan’s exports to Qatar stood at $196.6 million in FY22 as compared to $149.8 million in FY21, reflecting growth of over 31% on-year-on-year basis while Pakistan’s imports from Qatar appreciated to $2.68 billion in FY22 as compared to $1.32 billion in FY21, reflecting growth of over 100 percent on-year-on-year basis.

    Urging Qatari investors to explore the opportunities available in CPEC, he said that Pakistan has tremendous investment opportunities in Energy, Transport Infrastructure, Gwadar, Socio-Economic Development, Science & Technology & Agriculture Cooperation.

    “Qatari investors can capitalize on advancing energy-related cooperation, promoting trade and investment ties, exploring opportunities & joint ventures in Pakistan’s energy, aviation, agriculture and livestock, maritime, sports & hospitality sectors, which will pave way for further strengthening Pak-Qatar economic relationship.

  • Pakistan establishes directorate to detect nuclear material at customs stations

    Pakistan establishes directorate to detect nuclear material at customs stations

    ISLAMABAD: Pakistan has established a directorate for detection of nuclear material and radiation at customs stations.

    In this regard Federal Board of Revenue (FBR) issued SRO 2047(I)/2022 to notify functions, jurisdiction and powers of the Directorate General of National Nuclear Detection Architecture (NNDA).

    READ MORE: FBR gathers dual nationality information of customs officials

    The Directorate-General of NNDA shall be responsible for enforcement of all the international agreements, treaties, conventions, domestic laws, rules and procedures relating to radiation and nuclear material detection with reference to cross border movement of persons and international or bi-lateral cargo through sea, land border stations and airports and domestic laws, rules and procedures relating to inland movement of cargo and persons, through the respective Directorates.

    READ MORE: Sales tax return lacuna traps taxpayers: FBR offices issue show cause notices

    The Directorate-General of NNDA shall also supervise functioning of the Directorates, furnish policy input to the Board on matters relating to designing and implementation of the nuclear detection architecture and maintain liaison with all stakeholders.

    The Directorate-General of NNDA shall be based at Islamabad, headed by the Director General, assisted by two Deputy Directors General one each at Islamabad and Karachi and the Director (HQ), Islamabad.

    READ MORE: Baggage rules amended for lowering cash limit for outbound passengers

    The Directorate-General of NNDA shall have its regional offices at Karachi, Lahore, Peshawar and Quetta. The Director General shall report to the Chairman, Federal Board of Revenue, Islamabad.

    All Directorates of the DirectorateGeneral of NNDA shall be headed by a Director and shall be assisted by Additional Directors, Deputy Directors, Assistant Directors, Supervisors, Assistant Supervisors, Radio Portal Monitor (RPM) Operators, Radio Portal Monitor (RPM) Technicians, or officers with any other designation and officials of Customs, as are required.

    READ MORE: FBR halts POS prize scheme

    The concerned officers and officials of the Directorate-General of NNDA shall exercise the respective powers of the appropriate officer conferred under the Act and rules made thereunder for discharge of the functions and duties specified in this Notification.

  • Twitter shuts offices temporarily on backlash fear

    Twitter shuts offices temporarily on backlash fear

    Twitter has closed its offices temporarily in many locations in the world amid many staff opted to leave and fears of backlash, resulted in emerging of new concerns regarding ability of the social media platform to survive online.

    Reports suggested that the company initially closed the offices until Monday due to rising concerns that the angry staff could destroy the company.

    It comes after hundreds of workers are said to have rejected an ultimatum from new owner Elon Musk to sign up for longer, more intense working hours in order to build a new “hardcore” Twitter – Musk said those who did not sign up would be let go.

    Twitter has told employees that the company’s office buildings will be temporarily closed, effective immediately.

    The announcement comes amid reports that large numbers of staff were quitting after new owner Elon Musk called on them to sign up for “long hours at high intensity” or leave.

    The message went on to say: “Please continue to comply with company policy by refraining from discussing confidential company information on social media, with the press or elsewhere.”

    This week Musk told Twitter staff that they had to commit to working long hours and would “need to be extremely hardcore” or leave the company, according to reports.

    In an email to staff, the firm’s new owner said workers should agree to the pledge if they wanted to stay, the Washington Post reported.

    Those who did not sign up by Thursday 17 November would be given three months’ severance pay, Musk said.

    Earlier this month the company said that it was cutting around 50 per cent of its workforce.

    Today’s announcement that Twitter had temporarily closed its offices came amid signs that large numbers of workers have now also resigned as they have not accepted Musk’s new terms.

    Employees have been tweeting using the hashtag #LoveWhereYouWorked and a saluting emoji to show they were leaving the firm.

    Twitter users have lost all hope in the microblogging platform and are dealing with the loss with humor like Twitter usually does.

  • Foreign currency rates in PKR – November 18, 2022

    Foreign currency rates in PKR – November 18, 2022

    KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on November 18, 2022 (The rates are updated at 09:00 AM (Pakistan Standard Time):

    CURRENCY NAMEBUYINGSELLING
    US DOLLAR $ (USD)227.25229.50
    SAUDI RIYAL (SAR)62.4063.00
    UAE DIRHAM (AED)64.0064.64
    EURO (EUR)242.50245.00
    UK POUND (GBP)277.20280.00
    JAPANESE YEN (JPY)1.661.68
    SWISS FRANC (CHF)244.22245.22
    DANISH KRONE (DKK)31.8731.97
    NORWEGIAN KRONE (NOK)22.6022.70
    SWEDISH KRONA (SEK)21.6121.71
    AUSTRALIAN DOLLAR (AUD)155.50157.50
    CANADIAN DOLLAR (CAD)174.00176.00
    INDIAN RUPEE (INR)2.352.70
    CHINESE YUAN (CNY)32.0034.00
    AFGHAN AFGHANI (AFN)2.202.80

    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 PKR – November 17, 2022

  • PKR to USD on November 18, 2022

    PKR to USD on November 18, 2022

    KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on November 18, 2022:

    Buying: Rs 227.25 to the US Dollar

    Selling: Rs 229.50 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 09:00 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.

    PKR to USD on November 17, 2022

    ————————————————-

    PKR to SAR on November 18, 2022

    KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on November 18, 2022:

    Buying: Rs 62.40 to the Saudi Riyal

    Selling: Rs 63.00 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 09:00 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.

    PKR to SAR on November 17, 2022

    ————————————————-

    PKR to EUR on November 18, 2022

    KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on November 18, 2022:

    Buying: Rs 242.50 to the Euro

    Selling: Rs 245.00 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 09:00 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.

    PKR to EUR on November 17, 2022

    ————————————————-

    PKR to GBP on November 18, 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 November 18, 2022:

    Buying: Rs 277.20 to the UK Pound Sterling

    Selling: Rs 280.00 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 09:00 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.

    PKR to GBP on November 17, 2022

    ————————————————-

    PKR to AED on November 18, 2022

    KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on November 18, 2022:

    Buying: Rs 64.00 to the UAE Dirham

    Selling: Rs 64.64 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 09:00 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.

    PKR to AED on November 17, 2022

    ————————————————-

    PKR to CAD on November 18, 2022

    KARACHI: Following are the rates of buying and selling of one Canadian Dollar (CAD) in Pakistani Rupee (PKR) in the open market on November 18, 2022:

    Buying: Rs 174.00 to the Canadian Dollar

    Selling: Rs 176.00 to the Canadian 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 for foreign currency from a customer.

    The rate has been updated at 09:00 AM Pakistan Standard Time (PST).

    The Canadian Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.

    PKR to CAD on November 17, 2022

    ————————————————-

    Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The given rates are opening for the day. 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.