KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as on December 14, 2022.
(more…)Author: Faisal Shahnawaz
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Pakistan stocks end up in narrow range trading
KARACHI: Pakistan stocks ended up on Wednesday while trading in narrow range during the day.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 41,737 points from previous day’s closing of 41,714 points, showing an increase of 23 points.
READ MORE: Pakistan stocks gain 174 points amid lackluster trading
Analysts at Arif Habib Limited said that the PSX had a range-bound session during the day.
The benchmark KSE-100 index fluctuated in a narrow range throughout the day after the market opened in the red and quickly created a thin range of trading both ways.
READ MORE: Stocks dip by 158 points as investors remain jittery
Due to the ongoing unfavorable economic sentiments and political instability, investors remained on the sidelines.
Volumes in the main board dried up, although expectations of the gas price hike kept the E&P sector in the limelight.
READ MORE: Weekly Review: stocks may observe range-bound trading
Sectors contributing to the performance include Technology & Communication (+72.3 points), E&P’s (+40.0 points), Miscellaneous (+39.7 points), Textile Composite (+7.2 points), Vanaspati & Allied Industries (+5.1 points).
READ MORE: Pakistan stocks inch up in range-bound trading
Volumes increased from 144.8 million shares to 146.7 million shares (+1.3 per cent DoD). The average traded value also increased by 4.2 per cent to USD 17.4 million as against USD 16.7 million.
Stocks that contributed significantly to the volumes are TPLP, UNITY, DFML, WTL and FCCL.
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Rupee softens against dollar to PKR 224.71 in interbank
KARACHI: Pakistani Rupee (PKR) softened against the US dollar on Wednesday to end at PKR 224.71 in the interbank foreign exchange market.
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State Bank issues foreign exchange rates on December 14, 2022
KARACHI: The State Bank of Pakistan (SBP) has disclosed the foreign exchange rates for December 14, 2022, shedding light on the strength of the Pakistani Rupee (PKR) against various international currencies.
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Bitcoin to PKR, USD on December 14, 2022
KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on December 14, 2022.
One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs4,005,065.87 on December 14, 2022 at 01:15 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs3,868,347.54 at closing on December 13, 2022.
The rate of Bitcoin in US Dollar (USD) is $17,806.47 on December 14, 2022 at 01:15 PM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $17,171.69 at closing on December 13, 2022.
READ MORE: Bitcoin to PKR, USD on December 13, 2022
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Ripple to PKR, USD on December 14, 2022
KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on December 14, 2022.
One Ripple (XRP) in Pakistani Rupee (PKR) is Rs81.26 on December 14, 2022 at 01:15 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs81.39 at closing on December 13, 2022.
The rate of Ripple in US Dollar (USD) is $0.36 on December 14, 2022 at 01:15 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.36 at closing on December 13, 2022.
READ MORE: Ripple to PKR, USD on December 13, 2022
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Dogecoin to PKR, USD on December 14, 2022
KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on December 14, 2022.
One Dogecoin to PKR is Rs20.48 on December 14, 2022 at 01:15 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs20.19 at closing on December 13, 2022.
The rate of Dogecoin in US Dollar (USD) is $0.09 on December 14, 2022 at 01:15 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.09 at closing on December 13, 2022.
READ MORE: Dogecoin to PKR, USD on December 13, 2022
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Disclaimer: All data and information are provided for informational purposes only. The data has not been provided for trading purposes or financial, investment, tax, legal, accounting, or other advice. In the case of trading, it is advised to consult your broker or financial representative to verify pricing before executing any trade. The exchange rate does not constitute investment advice. Further, it is not a recommendation to buy, sell or hold any security or financial product.
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Kohinoor Spinning Mills stops production due to high cost
KARACHI: A spinning mill has stopped production due to high cost of production and economic downturn.
Kohinoor Spinning Mills Limited in a communication sent to Pakistan Stock Exchange on Wednesday said that due to prevailing global and economic downturn, overdue plant maintenance, high cost of production and low price and demand, it is not feasible to operation the production facility.
“Therefore, the management of the company has decided to temporary close/stop the production activities of the company with immediate effect,” the company said.
The management is hopeful that the current situation will improve in the first quarter of 2023 enabling the company to restart its operations.
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Ripple to PKR, USD on December 14, 2022
KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on December 14, 2022.
One Ripple (XRP) in Pakistani Rupee (PKR) is Rs81.26 on December 14, 2022 at 01:15 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs81.39 at closing on December 13, 2022.
The rate of Ripple in US Dollar (USD) is $0.36 on December 14, 2022 at 01:15 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.36 at closing on December 13, 2022.
READ MORE: Ripple to PKR, USD on December 13, 2022
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Dogecoin to PKR, USD on December 14, 2022
KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on December 14, 2022.
One Dogecoin to PKR is Rs20.48 on December 14, 2022 at 01:15 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs20.19 at closing on December 13, 2022.
The rate of Dogecoin in US Dollar (USD) is $0.09 on December 14, 2022 at 01:15 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.09 at closing on December 13, 2022.
READ MORE: Dogecoin to PKR, USD on December 13, 2022
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Bitcoin to PKR, USD on December 14, 2022
KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on December 14, 2022.
One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs4,005,065.87 on December 14, 2022 at 01:15 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs3,868,347.54 at closing on December 13, 2022.
The rate of Bitcoin in US Dollar (USD) is $17,806.47 on December 14, 2022 at 01:15 PM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $17,171.69 at closing on December 13, 2022.
READ MORE: Bitcoin to PKR, USD on December 13, 2022
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Disclaimer: All data and information are provided for informational purposes only. The data has not been provided for trading purposes or financial, investment, tax, legal, accounting, or other advice. In the case of trading, it is advised to consult your broker or financial representative to verify pricing before executing any trade. The exchange rate does not constitute investment advice. Further, it is not a recommendation to buy, sell or hold any security or financial product.
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Dogecoin to PKR, USD on December 14, 2022
KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on December 14, 2022.
One Dogecoin to PKR is Rs20.48 on December 14, 2022 at 01:15 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs20.19 at closing on December 13, 2022.
The rate of Dogecoin in US Dollar (USD) is $0.09 on December 14, 2022 at 01:15 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.09 at closing on December 13, 2022.
READ MORE: Dogecoin to PKR, USD on December 13, 2022
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Ripple to PKR, USD on December 14, 2022
KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on December 14, 2022.
One Ripple (XRP) in Pakistani Rupee (PKR) is Rs81.26 on December 14, 2022 at 01:15 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs81.39 at closing on December 13, 2022.
The rate of Ripple in US Dollar (USD) is $0.36 on December 14, 2022 at 01:15 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.36 at closing on December 13, 2022.
READ MORE: Ripple to PKR, USD on December 13, 2022
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Bitcoin to PKR, USD on December 14, 2022
KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on December 14, 2022.
One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs4,005,065.87 on December 14, 2022 at 01:15 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs3,868,347.54 at closing on December 13, 2022.
The rate of Bitcoin in US Dollar (USD) is $17,806.47 on December 14, 2022 at 01:15 PM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $17,171.69 at closing on December 13, 2022.
READ MORE: Bitcoin to PKR, USD on December 13, 2022
—————————————————————————
Disclaimer: All data and information are provided for informational purposes only. The data has not been provided for trading purposes or financial, investment, tax, legal, accounting, or other advice. In the case of trading, it is advised to consult your broker or financial representative to verify pricing before executing any trade. The exchange rate does not constitute investment advice. Further, it is not a recommendation to buy, sell or hold any security or financial product.
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SRB invites proposals for budget 2023-2024
KARACHI: Sindh Revenue Board (SRB) has invited proposals for budget 2023-2024 and advised stakeholders to send their recommendations by January 27, 2023.
In a notification issued on Tuesday, the SRB said that it had invited proposals in relation to the Sindh Sales Tax on Services Act, 2011 and the Rules and Notifications issued thereunder.
The provincial revenue body said that it was in the process of formulating budgetary proposals (for the Sindh Budget 2023-2024) in relation to taxation and procedural provisions of Sindh Sales Tax on Services Act, 2011, The Sindh Sales Tax on Services Rules, 2011, the Sindh Sales Tax Special Procedures (Withholding) Rules, 2014, the Sindh Sales Tax Special Procedure (Transportation or Carriage of Petroleum Oil through Oil Tankers) Rules, 2018, the Sindh Sales Tax Special Procedure (Services provided or rendered by cab aggregator and the services provided or rendered by the owners or drivers of the motor vehicles using the cab aggregator services) Rules, 2019 and Sindh Sales Tax Special Procedure (Online Integration of Business) Rules, 2022 and other various notifications issued under the said Act, 2011.
It has been a policy of the SRB to consult all chambers, associations, groups, stakeholders and taxpayers before finalizing the budget proposals.
With this end in view, the SRB requests all persons (including the chambers of commerce and industry, business councils, trade associations, tax bars, Institute of Chartered Accountants, Institute of Cost and Management Accountants, taxpayers etc.) to send written proposals in the given format urgently so as to reach through e-mail (followed by its hard copy to be sent by post / courier) latest by Friday, January 27, 2023.
The SRB asked the stakeholders to provide proposals in the format included: name of the act/rules/notification proposed to be amended; section no., schedule no., tariff heading no., rule no., para no., involved; existing provisions/rates of tax/ proposed provisions/rates of tax; reasons and rationale for the proposal; and estimated revenue effect, (if any).
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Pakistan stocks gain 174 points amid lackluster trading
KARACHI: Pakistan stocks gained 174 points on Tuesday in a lackluster trading session during the day.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 41,714 points from previous day’s closing of 41,540 points, showing an increase of 174 points.
READ MORE: Stocks dip by 158 points as investors remain jittery
Analysts at Arif Habib Limited said that another range-bound session was witnessed at the PSX during the day.
The market opened in the red but soon the momentum changed as the market traded in the green throughout the day after political clarity.
READ MORE: Weekly Review: stocks may observe range-bound trading
Although Investor participation remained sluggish in the mainboard on the contrary 3rd tier stocks continued to dominate the volume board.
Sectors contributing to the performance include Fertilizer (+84.0 points), Commercial Banks (+64.0 points), Miscellaneous (+43.9 points), Technology & Communication (+24.1 points), Tobacco (+17.3 points).
READ MORE: Pakistan stocks inch up in range-bound trading
Volumes increased from 133.6 million shares to 144.8 million shares (+8.5 per cent DoD). The average traded value also increased by 16.2 per cent to USD 16.7 million as against USD 14.4 million.
Stocks that contributed significantly to the volumes are PTC, DFML, WTL, FCCL, and TPLP.