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Author: Mrs. Anjum Shahnawaz

  • Rupee gains nine paisas against dollar

    Rupee gains nine paisas against dollar

    KARACHI: The Pak Rupee gained nine paisas against dollar on Friday owing to inflows of remittances and export receipts.

    The rupee ended Rs138.55 to the dollar from previous day’s close of Rs138.64 in interbank foreign exchange market.

    The interbank foreign exchange market was initiated in the range of Rs138.60 and Rs138.65.

    The market recorded day high of Rs138.65 and low of Rs138.52 and closed at Rs138.55.

    In the open market the exchange rate was remained unchanged.

    The buying and selling of dollar was recorded Rs138.50/Rs139.00, the same previous day level, in the cash ready market.

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    Rupee gains 20 paisas against dollar

  • Equity market ends down by 61 points on selling

    Equity market ends down by 61 points on selling

    KARACHI: The equity market ended down by 61 points on Tuesday due to selling pressure during the day.

    The benchmark KSE-100 index closed at 39,688 points as against 39,750 points showing a decline of 61 points.

    Analysts at Arif Habib Limited said that market opened on a positive note with +25 points and 4 million shares at the opening bell, all of which traded in BOP.

    Investors reposed confidence on BOP consecutively and throughout session stock price maintained trades above opening price.

    Banking sector topped the traded volume with 76 million shares, out of which around 67 million is attributed to BOP.

    Besides, Textile sector also came in the lime light today, where NCL remained prominent with ~7 million shares.

    Market came under selling pressure near mid day which was mainly caused by concerns over anticipation of escalation of situation between Pakistan and India.

    Sectors contributing to the performance include Banks (-51 points), E&P (-42 points), Cement (-25 points), Insurance (-14 points), Misc (+22 points) and Fertilizer (+15 points).

    Volumes declined slightly from 168mn shares to 164 million shares (-2 percent DoD). Average traded value however remained the same at US$ 42 million.

    Stocks that contributed significantly to the volumes include BOP, KEL, NCL, PIBTL and TRG, which formed 55 percent of total volumes.

    Stocks that contributed positively include PSEL (+20 points), DAWH (+19 points), THALL (+11 points), KEL (+8 points), and GLAXO (+8 points). Stocks that contributed negatively include HBL (-24 points), PPL (-21 points), OGDC (-17 points), PSO (-11 points) and LUCK (-11 points).

  • Rupee sheds five paisas against dollar

    Rupee sheds five paisas against dollar

    KARACHI: The Pak Rupee ended down by 5 paisas against dollar on Tuesday owing to demand for import and corporate payments.

    The foreign currency market ended at Rs138.73 to the dollar as compared with last Friday’s closing of Rs138.68.

    The foreign exchange market was initiated in the range of Rs138.75 and Rs138.80. The market recorded a high of Rs138.80 and low of Rs138.68 and closed at Rs138.73.

    Currency experts said that the market opened after two weekly holidays and the demand was higher for import and corporate payments.

    The local currency however ended in the open market.

    Buying and selling of dollar was recorded at Rs138.50/Rs139.00, the same previous day’s level, in cash ready market.

  • MCC Preventive announces auction of vehicles on March 07

    MCC Preventive announces auction of vehicles on March 07

    KARACHI: Model Customs Collectorate (MCC) Preventive Karachi has announced auction of used / old vehicles to be held on March 07 at Anti-Smuggling Organization (ASO) Headquarter, East Wharf, Karachi.

    Following vehicles will be presented for the auction:

    01. Mitsubishi Pajero Jeep ( Used) GS-2000 Model-1994 Reg.GS-2000 / V46 – 4034791

    02. Used Lexus Car – Reg No. UC-868 -Model-2006 – 3450 cc JTHBG 963905034702

    03. Used Toyota Premio Car VVT – Reg No. AAH-747 – Model-2007, chassis number ZZT240-0140149

    04. Used Toyota Hilux Surt (SSR-X) Fake Plate-BC-5613 – Model-2000 (As per Seat Belt) – 2693cc, Chassis No-RZN-185-0040781 / Engine No.3RZ-FE

    05. Used Toyota Harrier Jeep – Reg.No-JAA-454 – Model-1998 – 2999cc, Chassis No-MCU-10-0013510 – Engine No- IMZ-FE6688090.

    06. Used Toyota Hilux Surf -Reg.No-CP-0693 / Model-1990 / 2958cc, Chassis No- LN-130-0009771

    07. Used Honda Saloon Accord Car / Reg. No-BFT-418 / Model-2003 / 1990cc,Chassis No-LC7-3006339 / Engine No-33101802

    08. Used Toyota Land Cruiser PARADO / Reg. No-BD-9380 / Model 1998 (As per Seat Belt) / 2657cc, Chassis No-RZJ-90-0002888 / Engine No-3RZ-FE(As per Tickly)

    09. Toyota Hiluc Surf SSR-X-3.0 / Reg.No-BD-8045 / Model-KD-KZN130W-GKPQT / 2962cc, Chassis No-KZN 130-9048116 / Engine No-IKZ-TE.

    10. Used Mercedes Benz(AG) FAKE Reg. No-AB-1001 / 2999cc, Chassis No-WDB1240312B476728.

    11. Used Toyota Mark-II Saloon Car / Reg. No-BBL-708 / Model-2000 / 1800HP, Chassis No-JZX110-6000922 / Engine No-1JZ-075-075010

    12. Used Toyota Land Cruiser Prado Jeep / Reg. No-BC-5212 / Model-1994 / 2982cc, Chassis No- KZJ-78-0015267 / Engine No-1KZ-TE

    13. Used Toyota Hilux Surf / Reg.No-BD-1688 / Model-1994 (As per Seat Belt), Chassis No- LN-130-0123784.

    14. Used Toyota Land Cruiser PARADO Jeep – Model-1996 – 3000 cc – BF-8154, Chassis: KNJ 95-0037200 – Engine-IKZTE 0206429

    15. Used Honda Accord – Reg, AUX – 934 – Model – 2004, CL7310078

    16. Used Mercedes Benz Car – Model-2001- 230 SLK -2000cc, WDB2037452A272217

    17. Used Toyota AXIO-X car – White Colour – Reg.No.BFE-068 – 1496 cc – Model-2007, Chassis : NZE-141-6028039 / Engine : INZ-C0360547

    18. Toyota Primo Car Used – Reg. No. AAM-095 – Model-2005 – 1794 cc, Chassis: ZZT-240-5039822 / Engine: IZZFE-12557

    19. Used Honda Civic Saloon Car – White Colour Reg. No: AAM-988 (Quetta) – Model-2007, Chassis : FD-31001100 / Engine: MF-5100586 – 1800cc.

    20. Used Toyota Land Cruiser Jeep – Silver Colour – Reg. No. BG-1131 – Model-1989 – 3431 cc., Chassis: BJ 60-023765 – Engine : 3B-1098887 (As per Reg.Book).

    21. Used Toyota Corolla Car – Model – 2015, Reg. No. BDE-852 – Chassis No-NZE170R4016729

    22. Used Toyota Crown Saloon Car – Model – 2004, Reg – BHK-012 – Chassis No-GRS182-5014910 – Engine-3GR-FSF – 2994 cc.

    23. Used Toyota Saloon Car XE – Model-1999 – 1500 cc, Chassis No-AE-100-5171778 – Engine-SA-FE – 1500 cc.

  • Rupee continues to gain against dollar in early trade

    Rupee continues to gain against dollar in early trade

    KARACHI: The Pak Rupee maintained its recovery against dollar in early trade on Friday owing to positive sentiments.
    The rupee gained 17 paisas to the dollar in the early trade as dollar is being traded at Rs138.65 in interbank foreign exchange market.
    Currency dealers said that good-will gesture shown by Pakistan for releasing captured Indian pilot for normalization the situation resulted in prevalence of positive sentiments in the market.
    The rupee also made a sharp recovery of 44 paisas against dollar on Thursday.
    The rupee ended Rs138.82 to the dollar as compared with last day’s closing of Rs139.25 in interbank foreign exchange market.
    The rupee was depreciated massively last day against dollar.
    However, yesterday Pakistan shot down two Indian fighter jets in response to Indian violation of Pakistan airspace a day earlier.
    Dealers said that the sentiments were positive in foreign currency market as economic indictors showing improvement.

    (more…)
  • Rupee makes gain in open market

    Rupee makes gain in open market

    KARACHI: The rupee gained 10 paisas against dollar on Saturday in open market owing to inflows of foreign currency.

    The buying and selling of dollar was recorded at Rs138.30/Rs138.80 from previous day’s closing of Rs138.50/Rs138.90.

    The local currency was remained buoyant against the greenback in interbank foreign exchange market during the week owing to significant fall in current account deficit.

    Pakistan’s current account deficit has narrowed by 16.8 percent to $8.424 billion owing to declining imports and improved foreign remittances.

    According to statistics released by State Bank of Pakistan (SBP) on Thursday, the current account deficit narrowed to $8.424 billion during July – January 2018/2019 as compared with the deficit of $10.124 billion in the corresponding period of the last fiscal year.

    The exchange rate in interbank market ended at Rs138.55 on Friday as rupee gained for the third consecutive day against the dollar.

  • List of top 50 taxpayers in categories of individual, AOPs and companies

    List of top 50 taxpayers in categories of individual, AOPs and companies

    In a significant move to acknowledge and appreciate the pivotal role played by taxpayers in bolstering the national revenue, the Ministry of Finance has unveiled the eagerly awaited list of the top 50 taxpayers across diverse categories.

    (more…)
  • PTCL converting exposures in local currency after Rs323 million exchange loss

    PTCL converting exposures in local currency after Rs323 million exchange loss

    KARACHI — Pakistan Telecommunication Company Limited (PTCL) has announced a strategic shift in its approach towards currency exposure, opting to convert its exposures into Pak Rupee instead of the US dollar.

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  • Rupee ends flat on lackluster dollar demand

    Rupee ends flat on lackluster dollar demand

    The Pakistani Rupee held steady against the US dollar on Thursday, closing at Rs138.93 in the interbank foreign exchange market.

    (more…)
  • SBP directs banks to display contact details to facilitate customers

    SBP directs banks to display contact details to facilitate customers

    The State Bank of Pakistan (SBP) has issued directives to all banks, urging them to prominently display contact details to facilitate customers in addressing complaints and resolving issues effectively.

    (more…)