The Pakistani Rupee (PKR) faced further depreciation against the US dollar, falling by 20 paisas on Friday. This decline is attributed to a scarcity of inflows, resulting in a decrease in foreign exchange reserves.
(more…)Author: Faisal Shahnawaz
-
SBP’s weighted average customer exchange rates on May 19, 2023
KARACHI: The State Bank of Pakistan (SBP) on Friday issued foreign exchange rates for May 19, 2023. The exchange rate is on the basis of weighted average rates of commercial banks.
(more…) -
Hyundai Pakistan offers immediate delivery, price lock on bookings of Elantra
Hyundai Pakistan has introduced an exciting offer for car enthusiasts, providing immediate delivery and a price lock on bookings of Hyundai Elantra. This limited-time opportunity is applicable to both Elantra 1.6 and 2.0 variants, ensuring customers can secure their preferred model without delay.
(more…) -
Trade body proposes VAT on supplies to individuals without CNIC
The Karachi Chamber of Commerce and Industry (KCCI) has recommended that the Federal Board of Revenue (FBR) impose a value-added tax (VAT) on supplies made to individuals who fail to provide their Computerized National Identity Card (CNIC) number.
(more…) -
Karachi Chamber calls for separate currency exchange portal to boost trade facilitation
Karachi Chamber of Commerce and Industry (KCCI) has urged the central bank to establish a dedicated online platform for buying and selling foreign currencies, specifically the US Dollar.
(more…) -
KCCI proposes importers’ role in foreign exchange arrangements for import payments
Karachi Chamber of Commerce and Industry (KCCI) has put forward a proposal suggesting that importers should be allowed to independently arrange foreign exchange for their import payments.
(more…) -
SBP issues procedure for payment of mark-up subsidy under youth program
State Bank of Pakistan (SBP) has issued procedure for payment of mark-up and credit loss subsidy by the government of Pakistan under Prime Minister’s Youth Business and Agriculture Loan Scheme.
(more…) -
Honda BR-V, most affordable SUV in Pakistan
Honda BR-V is a compact SUV manufactured by Honda Atlas Cars. It combines the practicality and versatility of an SUV with the comfort and convenience of a sedan.
(more…) -
Bitcoin rates in PKR and USD on May 19, 2023
On May 19, 2023 the exchange rates of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) have been reported as:
(more…) -
Ripple rates in PKR and USD on May 19, 2023
On May 19, 2023 the exchange rates of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) have been reported as:
(more…)