On May 12, 2023, the buying rate of one Saudi Riyal (SAR) in Pakistani Rupees (PKR) in the open market was Rs 78.00, while the selling rate was Rs 79.00.
(more…)Author: Faisal Shahnawaz
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OICCI proposes increase in salaried tax exempt income threshold
The Overseas Investors Chamber of Commerce and Industry (OICCI) has submitted its proposals for the upcoming budget 2023-2024 to the Federal Board of Revenue (FBR).
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Latest data show Pakistan’s foreign exchange reserves drop to $9.99 billion
Pakistan’s foreign exchange reserves have witnessed a decline, reaching $9.99 billion by the week ending May 5, 2023, according to the latest data released by State Bank of Pakistan (SBP).
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Karachi Interbank Offered Rates KIBOR – May 11, 2023
KARACHI: State Bank of Pakistan (SBP) on Thursday issued the Karachi Interbank Offered Rates (KIBOR) as on May 11, 2023.
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Pakistan stocks gain 251 points as IMF affirms talks
On Thursday, Pakistan stocks experienced a gain of 251 points as investor confidence improved following the affirmation from the International Monetary Fund (IMF) regarding ongoing talks.
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Gold eases to Rs237,300 per tola in Pakistan on May 11, 2023
On May 11, 2023, gold witnessed a decrease of Rs2,700 to reach Rs237,300 per tola in Pakistan, despite an increase in prices in the international markets and a significant depreciation in the value of the local currency.
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Massive Rs150 billion withdrawal hits Pakistan banking system in April 2023
In April 2023, the banking system in Pakistan experienced a massive withdrawal of Rs150 billion, leading to a decline in total deposits from the previous month’s record high.
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Latest prices of Honda HR-V in Pakistan
Following are the current retail selling prices for Honda HR-V trims in Pakistan, which were last updated on March 14, 2023. These prices have remained constant since then.
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Rupee witnesses bloodbath; hits record low of PKR 298.93 against dollar
The Pakistani Rupee (PKR) on Thursday experienced another day of significant depreciation against the US dollar, hitting a record low at PKR 298.93 in the interbank foreign exchange market.
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SBP’s weighted average customer exchange rates on May 11, 2023
KARACHI: The State Bank of Pakistan (SBP) on Thursday issued foreign exchange rates for May 11, 2023. The exchange rate is on the basis of weighted average rates of commercial banks.
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