Pakistan’s foreign exchange reserves have declined by $195 million to $9.565 billion due to repayment of foreign debt, State Bank said on Thursday.
(more…)Author: Faisal Shahnawaz
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SBP issues Rs50 commemorative coin to mark golden jubilee of Constitution
State Bank of Pakistan (SBP) on Thursday announced to issue Rs50 commemorative coin to mark Golden Jubilee of the Constitutions 1973.
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PSX gains 79 points amid optimism of early IMF SLA
Pakistan Stock Exchange (PSX) experienced a gain of 79 points on Thursday, amid optimism of an early staff-level agreement between Pakistan and the International Monetary Fund (IMF).
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US dollar weakens to PKR 284.91 as Pakistan awaits IMF review finalization
The US dollar lost value against the Pakistani Rupee (PKR) on Thursday, ending at PKR 284.91, as markets anticipate the finalization of the 9th review of Pakistan’s International Monetary Fund (IMF) program.
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SBP’s weighted average customer exchange rates on April 13, 2023
KARACHI: The State Bank of Pakistan (SBP) on Thursday issued foreign exchange rates for April 13, 2023.
READ MORE: Today foreign currency rates in PKR – April 13, 2023
The exchange rate is on the basis of weighted average rates of commercial banks.
Following are the buying and selling of foreign currencies in Pakistan Rupee (PKR):
CURRENCY BUYING SELLING UAE Dirham (AED) 77.5525 77.6629 Australian Dollar (AUD) 190.8969 191.2033 Canadian Dollar (CAD) 212.0317 212.3333 Swiss Franc (CHF) 317.3986 317.8582 Chinese Yuan (CNY) 41.4283 41.4809 Euro (EUR) 312.7853 313.2355 UK Pound (GBP) 355.4868 356.0064 Japanese Yen (JPY) 2.1361 2.1391 Saudi Riyal (SAR) 75.8590 75.9702 US Dollar (USD) 284.6199 285.0360 READ MORE: SBP’s weighted average customer exchange rates on April 12, 2023
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Acura’s revamped 2024 Integra Type S takes streets with unmatched performance
Acura’s latest release, the 2024 Integra Type S, is making waves in the automotive industry with its unbeatable performance and sleek design. This high-performance car is not only fast, but it also boasts premium features and refinement that are sure to turn heads.
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CDC conducts awareness sessions on Postal Ballot Regulations amendments
Central Depository Company (CDC) has conducted a series of awareness sessions regarding recent amendments made to Companies (Postal Ballot) Regulations, according to a statement issued on Thursday.
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Mari Petroleum enters into gas processing contract
Mari Petroleum Company Limited (MPCL), a major oil and gas exploration and production company in Pakistan, has signed a Gas Processing Contract with Orient Petroleum Inc (OPI) for the provision of Early Production Facilities (EPF) on a turnkey basis for the Shewa-I Discovery in the Waziristan Block, said a statement issued on Thursday.
This comes after MPCL announced a gas and condensate discovery at the Shewa-I (formerly Bannu West-l) Exploration Well in the KP Province earlier this year. Under the terms of the contract, OPI will also provide Operations and Maintenance (O&M) services for 24 months from the start of production, with MPCL having the option to purchase the EPF equipment.
MPCL is the operator of the Waziristan Block with a 55% working interest, while OGDCL and OPI are joint venture partners with a working interest of 35% and 10%, respectively. The EPF will be crucial in processing the gas and condensate for commercial use, and OPI’s expertise in providing these services will help ensure efficient and safe production.
The gas and condensate discovery at Shewa-I has been a significant development for MPCL, as it contributes to the country’s growing energy demands. In addition to Shewa-I, MPCL also made a gas and condensate discovery in the Bannu West Block earlier this year.
MPCL is committed to the development of Pakistan’s oil and gas resources, and partnerships with companies like OPI are key in maximizing the potential of these reserves. The gas processing contract is expected to help MPCL move towards full-scale commercial production of the reserves in the Shewa-I Discovery, further contributing to Pakistan’s energy security.
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Bitcoin rates in PKR and USD on April 13, 2023
KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on April 13, 2023.
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Ripple rates in PKR and USD on April 13, 2023
KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on April 13, 2023.
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