KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the Karachi Interbank Offered Rates (KIBOR) as on December 13, 2022.
Following are the latest KIBOR rates:
| Tenor | BID | OFFER |
| 1 – Week | 15.94 | 16.44 |
| 2 – Week | 15.99 | 16.49 |
| 1 – Month | 16.06 | 16.56 |
| 3 – Month | 16.62 | 16.87 |
| 6 – Month | 16.71 | 16.96 |
| 9 – Month | 16.74 | 17.24 |
| 1 – Year | 16.76 | 17.26 |
READ MORE: Karachi Interbank Offered Rates KIBOR – December 12, 2022
KARACHI: A steady fall in Pakistani Rupee (PKR) continued against the dollar on Tuesday as the local currency lost another five paisas in interbank foreign exchange market.
The exchange rate recorded a decline of five paisas in rupee value to end PKR 224.70 to the dollar from previous day’s closing of PKR 224.65 in the interbank foreign exchange market.
READ MORE: PKR weakens by 25 paisas to dollar on foreign payment demand
Currency experts said that the rupee witnessed pressure because of higher demand of the dollar for import and corporate payments.
They further said that falling foreign exchange reserves also impacting adversely the exchange rate.
Pakistan’s official foreign exchange reserves have plunged to multi years low to $6.72 billion by week ended December 02, 2022. The official reserves of State Bank of Pakistan (SBP) fell by $784 million to $6.715 billion by week ended December 02, 2022 when compared with $7.499 billion a week ago i.e. November 25, 2022. Previously, the SBP reserves were seen at $7 billion in April 2014.
READ MORE: Rupee eases against dollar amid sharp decline in forex reserves
The central bank said that during the week ended December 02, 2022, SBP reserves decreased by $ 784 million to $ 6,714.9 million.
This decline is on account of the payment of $1,000 million against maturing Pakistan International Sukuk and some other external debt repayments.
Some of the debt repayments were offset by inflows, mainly $500 million received from Asian Infrastructure Investment Bank (AIIB), the SBP added.
Last week the chief of the central bank made a statement regarding foreign payments to be made by the country.
READ MORE: PKR devaluation against dollar continues despite strict monitoring
SBP Governor Jameel Ahmad said that the country will continue to make timely repayments while inflows are expected to increase significantly in the second half of the current fiscal year.
He said, for the fiscal year 2023, around $33 billion were to be repaid to external stakeholders, including the Current Account Deficit (CAD) of $10 billion and $23 billion in loan repayments.
Out of the payable $23 billion external debt, Pakistan has already repaid more than $6 billion whereas as a bilateral loan of $4 billion has been rolled over with the cooperation of relevant countries.
READ MORE: Dollar advances to PKR 224.16 at interbank closing on Dec 07
KARACHI: The State Bank of Pakistan (SBP) has unveiled the foreign exchange rates for December 13, 2022, providing valuable insights into the currency dynamics and economic conditions in the country.
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KARACHI: Attock Refinery Limited on Tuesday announced a temporary shutdown of its distillation unit due to ullage constraints.
In a communication shared with the Pakistan Stock Exchange (PSX), the company informed that due to ullage constraints from low demand for furnace fuel oil, Attock Refinery Limited is temporarily shutting down its main distillation unit for approximately eight days.
“During this period some necessary maintenance jobs would also be carried out,” the company added.
Consequently, as result of this shut down refinery will be operating at capacity of 35 per cent.
However, adequate inventories of products are available to meeting the current requirements, the company added.
“This has been intimated to the ministry of energy (petroleum division) and Oil and Gas Regulatory Authority (OGRA) accordingly,” the company said.
KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on December 13, 2022.
One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs3,868,347.54 on December 13, 2022 at 10:43 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs3,826,430.13 at closing on December 12, 2022.
The rate of Bitcoin in US Dollar (USD) is $17,171.69 on December 13, 2022 at 10:43 AM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $16,960.72 at closing on December 12, 2022.
READ MORE: Bitcoin to PKR, USD on December 12, 2022
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Ripple to PKR, USD on December 13, 2022
KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on December 13, 2022.
One Ripple (XRP) in Pakistani Rupee (PKR) is Rs81.39 on December 13, 2022 at 10:43 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs81.51 at closing on December 12, 2022.
The rate of Ripple in US Dollar (USD) is $0.36 on December 13, 2022 at 10:43 AM 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 12, 2022.
READ MORE: Ripple to PKR, USD on December 12, 2022
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Dogecoin to PKR, USD on December 13, 2022
KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on December 13, 2022.
One Dogecoin to PKR is Rs20.19 on December 13, 2022 at 10:43 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs20.09 at closing on December 12, 2022.
The rate of Dogecoin in US Dollar (USD) is $0.09 on December 13, 2022 at 10:43 AM 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 12, 2022.
READ MORE: Dogecoin to PKR, USD on December 12, 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.
KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on December 13, 2022.
One Ripple (XRP) in Pakistani Rupee (PKR) is Rs81.39 on December 13, 2022 at 10:43 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs81.51 at closing on December 12, 2022.
The rate of Ripple in US Dollar (USD) is $0.36 on December 13, 2022 at 10:43 AM 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 12, 2022.
READ MORE: Ripple to PKR, USD on December 12, 2022
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Dogecoin to PKR, USD on December 13, 2022
KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on December 13, 2022.
One Dogecoin to PKR is Rs20.19 on December 13, 2022 at 10:43 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs20.09 at closing on December 12, 2022.
The rate of Dogecoin in US Dollar (USD) is $0.09 on December 13, 2022 at 10:43 AM 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 12, 2022.
READ MORE: Dogecoin to PKR, USD on December 12, 2022
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Bitcoin to PKR, USD on December 13, 2022
KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on December 13, 2022.
One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs3,868,347.54 on December 13, 2022 at 10:43 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs3,826,430.13 at closing on December 12, 2022.
The rate of Bitcoin in US Dollar (USD) is $17,171.69 on December 13, 2022 at 10:43 AM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $16,960.72 at closing on December 12, 2022.
READ MORE: Bitcoin to PKR, USD on December 12, 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.
KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on December 13, 2022.
One Dogecoin to PKR is Rs20.19 on December 13, 2022 at 10:43 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs20.09 at closing on December 12, 2022.
The rate of Dogecoin in US Dollar (USD) is $0.09 on December 13, 2022 at 10:43 AM 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 12, 2022.
READ MORE: Dogecoin to PKR, USD on December 12, 2022
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Ripple to PKR, USD on December 13, 2022
KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on December 13, 2022.
One Ripple (XRP) in Pakistani Rupee (PKR) is Rs81.39 on December 13, 2022 at 10:43 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs81.51 at closing on December 12, 2022.
The rate of Ripple in US Dollar (USD) is $0.36 on December 13, 2022 at 10:43 AM 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 12, 2022.
READ MORE: Ripple to PKR, USD on December 12, 2022
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Bitcoin to PKR, USD on December 13, 2022
KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on December 13, 2022.
One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs3,868,347.54 on December 13, 2022 at 10:43 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs3,826,430.13 at closing on December 12, 2022.
The rate of Bitcoin in US Dollar (USD) is $17,171.69 on December 13, 2022 at 10:43 AM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $16,960.72 at closing on December 12, 2022.
READ MORE: Bitcoin to PKR, USD on December 12, 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.
KARACHI: Meezan Bank Limited (MBL) has been declared as the ‘Best Consumer Bank’ at the 7th edition of Pakistan Banking Awards held here recently.
Meezan Bank has earlier won the ‘Best Bank’ award twice – in 2018 and 2020 and the ‘Best Islamic Bank’ award in 2016 and 2017.
Ijaz Farooq – Meezan Bank’s Group Head Retail Banking, Commercial, SME & Agriculture received the award from the Chief Guest of the event, Jameel Ahmad – Governor, State Bank of Pakistan and Salman Hussain – Territory Senior Partner A.F. Ferguson & Co., amid the presence of key members from the country’s banking fraternity.
Pakistan Banking Awards are a joint initiative of the Dawn Media Group, Institute of Bankers Pakistan (IBP) and A.F. Ferguson, under the patronage of State Bank of Pakistan and are one of the most prestigious and definitive recognition of excellence in the country’s banking sector.
Meezan Bank’s recognition is based on a variety of criteria, including its strength for delivering the most efficient services and for its attention to customer needs.
The 5-member jury of experts that selected Meezan Bank as Pakistan’s ‘Best Consumer Bank’, was chaired by Former Governor of the State Bank of Pakistan (SBP) – Syed Salim Raza.
The Jury’s decision was based on a detailed evaluation of performance of the banks that had vied for this award.
Morris Garage (MG) HS 2022 was launched in Pakistan on December 10, 2022. The car is locally manufactured by MG Motors Pakistan under the variant name ‘Essence’.
The ex-factory price of MG HS 2022 is PKR 6,899,000. The SUV is available in colors including Arctic White, Black Pearl, Brixton Blue, Farringdon Red and White Pearl.
MG HS is equipped with 4 cylinder inline petrol engine of 1490 cc which generates a maximum power of 119/5600 kW/rpm at a maximum torque of 250/4400 Nm/rpm.
There is stardust grille on the front of vehicle, having a big logo at center. The car features two LED headlamps along with the LED daytime running lights (DRLs). In addition the SUV is also occupied with the fog lamps and auto lighting features.
The rear part of the car has rain wipers introduced with rain sensors. The vehicle also features welcome lights and a shark fin antenna. The top of the car has a panoramic sunroof and comes with a power tailgate.
MG HS 2022 is available in three interior colors including black, red and beige. The car offers comfortable interior with polyurethane and PVC wrapped seats. The car supports keyless entry and has a smart key.
The driver’s seat can be adjusted in different ways. Likewise the front passenger seat is manually adjustable in four ways. There are armrest at the front with cool box storage facility. Similarly the rear of SUV also has armrest with cup holders.
The power sensitive steering wheel contains visual instrumental panel. The dashboard obtains 10.1- inch infotainment display, which supports color radio, navigation system, Bluetooth connectivity and smartphone connectivity. The front screen also displays information of rear parking distance sensors.
The additional features of MG HS include MG Pilot. It is diver’s assist feature comprising of adaptive cruise control, automatic emergency braking, intelligent speed assist system, lane departure warning, traffic jam assist, intelligent cruise assist, front collision warning, blind spot detection system, lane change assist, and rear cross traffic alert.
The company conducted a survey, and updated the locally assembled SUV in accordance with feedbacks. The car’s Automatic Emergency Braking and Intelligent Speed Assist System have been disabled, while the other options of MG Pilot are maintained. Pakistan maps have also been enabled in the new HS Essence.
KARACHI: State Bank of Pakistan (SBP) on Monday issued the Karachi Interbank Offered Rates (KIBOR) as on December 12, 2022.
Following are the latest KIBOR rates:
| Tenor | BID | OFFER |
| 1 – Week | 15.88 | 16.38 |
| 2 – Week | 15.93 | 16.43 |
| 1 – Month | 16.01 | 16.51 |
| 3 – Month | 16.60 | 16.85 |
| 6 – Month | 16.69 | 16.94 |
| 9 – Month | 16.73 | 17.23 |
| 1 – Year | 16.75 | 17.25 |
READ MORE: Karachi Interbank Offered Rates KIBOR – December 09, 2022