The Karachi Chamber of Commerce and Industry (KCCI) has emphasized the need for out-of-the-box solutions to prevent a further downslide in Pakistan’s economy.
(more…)Author: Faisal Shahnawaz
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Pakistan stocks extend losses; end down by 96 points
The Pakistan stocks witnessed a second consecutive session of decline on Tuesday, as political instability continued to create uncertainty among investors.
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Karachi Interbank Offered Rates KIBOR – May 23, 2023
KARACHI, May 23, 2023 — The State Bank of Pakistan (SBP) has officially released the updated Karachi Interbank Offered Rates (KIBOR) for May 23, 2023, providing critical benchmarks for financial institutions and businesses operating in the country.
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NCCPL announces schedule for CGT collection on disposal of shares
The National Clearing Company of Pakistan Limited (NCCPL) on Tuesday May 23, 2023 released the schedule for the collection of Capital Gain Tax (CGT) on the disposal of shares at the Pakistan Stock Exchange (PSX) and Pakistan Mercantile Exchange (PMEX).
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Pakistani rupee declines for fifth consecutive day amid debt repayment pressure
The Pakistani Rupee (PKR) experienced its fifth consecutive day of decline against the US dollar on Tuesday, as external debt repayment pressure and political uncertainty continued to weigh on the currency. The interbank foreign exchange market witnessed a decrease of 59 paisas, with the exchange rate closing at PKR 287.15 compared to the previous day’s closing rate of PKR 286.56.
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SBP’s weighted average customer exchange rates on May 23, 2023
KARACHI: The State Bank of Pakistan (SBP) on Tuesday issued foreign exchange rates for May 23, 2023. The exchange rate is on the basis of weighted average rates of commercial banks.
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Changan Pakistan introduces Karvaan MPV PLUS
Changan Pakistan has introduced a remarkable addition to their lineup, presenting Changan Karvaan MPV PLUS. This exceptional vehicle is designed to offer unparalleled comfort and luxury, promising an enhanced experience for all journeys.
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Bitcoin rates in PKR and USD on May 23, 2023
On May 23, 2023 the exchange rates of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) have been reported as:
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Ripple rates in PKR and USD on May 23, 2023
On May 23, 2023 the exchange rates of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) have been reported as:
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Dogecoin rates in PKR and USD on May 23, 2023
On May 23, 2023, the exchange rates of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) have been reported as:
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