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Author: Faisal Shahnawaz

  • Bitcoin to PKR, USD on December 06, 2022

    Bitcoin to PKR, USD on December 06, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on December 06, 2022.

    One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs3,836,915.77 on December 06, 2022 at 01:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs3,870,247.41 at closing on December 05, 2022.

    The rate of Bitcoin in US Dollar (USD) is $17,006.63 on December 06, 2022 at 01:00 PM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $17,303.45 at closing on December 05, 2022.

    READ MORE: Bitcoin to PKR, USD on December 05, 2022

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    Ripple to PKR, USD on December 06, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on December 06, 2022.

    One Ripple (XRP) in Pakistani Rupee (PKR) is Rs81.51 on December 06, 2022 at 01:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs80.81 at closing on December 05, 2022.

    The rate of Ripple in US Dollar (USD) is $0.36 on December 06, 2022 at 01:00 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 05, 2022.

    READ MORE: Ripple to PKR, USD on December 05, 2022

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    Dogecoin to PKR, USD on December 06, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on December 06, 2022.

    One Dogecoin to PKR is Rs22.78 on December 06, 2022 at 01:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs23.29 at closing on December 05, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.10 on December 06, 2022 at 01:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.10 at closing on December 05, 2022.

    READ MORE: Dogecoin to PKR, USD on December 05, 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.

  • Ripple to PKR, USD on December 06, 2022

    Ripple to PKR, USD on December 06, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on December 06, 2022.

    One Ripple (XRP) in Pakistani Rupee (PKR) is Rs81.51 on December 06, 2022 at 01:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs80.81 at closing on December 05, 2022.

    The rate of Ripple in US Dollar (USD) is $0.36 on December 06, 2022 at 01:00 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 05, 2022.

    READ MORE: Ripple to PKR, USD on December 05, 2022

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    Bitcoin to PKR, USD on December 06, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on December 06, 2022.

    One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs3,836,915.77 on December 06, 2022 at 01:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs3,870,247.41 at closing on December 05, 2022.

    The rate of Bitcoin in US Dollar (USD) is $17,006.63 on December 06, 2022 at 01:00 PM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $17,303.45 at closing on December 05, 2022.

    READ MORE: Bitcoin to PKR, USD on December 05, 2022

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    Dogecoin to PKR, USD on December 06, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on December 06, 2022.

    One Dogecoin to PKR is Rs22.78 on December 06, 2022 at 01:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs23.29 at closing on December 05, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.10 on December 06, 2022 at 01:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.10 at closing on December 05, 2022.

    READ MORE: Dogecoin to PKR, USD on December 05, 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.

  • Dogecoin to PKR, USD on December 06, 2022

    Dogecoin to PKR, USD on December 06, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on December 06, 2022.

    One Dogecoin to PKR is Rs22.78 on December 06, 2022 at 01:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs23.29 at closing on December 05, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.10 on December 06, 2022 at 01:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.10 at closing on December 05, 2022.

    READ MORE: Dogecoin to PKR, USD on December 05, 2022

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    Ripple to PKR, USD on December 06, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on December 06, 2022.

    One Ripple (XRP) in Pakistani Rupee (PKR) is Rs81.51 on December 06, 2022 at 01:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs80.81 at closing on December 05, 2022.

    The rate of Ripple in US Dollar (USD) is $0.36 on December 06, 2022 at 01:00 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 05, 2022.

    READ MORE: Ripple to PKR, USD on December 05, 2022

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    Bitcoin to PKR, USD on December 06, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on December 06, 2022.

    One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs3,836,915.77 on December 06, 2022 at 01:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs3,870,247.41 at closing on December 05, 2022.

    The rate of Bitcoin in US Dollar (USD) is $17,006.63 on December 06, 2022 at 01:00 PM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $17,303.45 at closing on December 05, 2022.

    READ MORE: Bitcoin to PKR, USD on December 05, 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.

  • FPCCI demands release of soybean, canola cargoes

    FPCCI demands release of soybean, canola cargoes

    KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Monday demanded the government to release the consignments of soybean and canola cargoes at the earliest.

    In different communications sent to the Prime Minister, the finance minister and the commerce minister, the apex trade body informed that soybean seed was a major raw material for the different industries in Pakistan.

    READ MORE: KATI urges removal of regulatory duty on yarn

    Initially it has been used for oil extracting industry for the production of oil purpose then its residual is used in the feed of animals because it is protein rich substance. In poultry industry it has been used as feed.

    If the supply of this raw material is stopped or delayed then the industries which are directly attached with the poultry industry like hatching industry and feed mills may also suffer and as a result of this millions of people will lose their jobs.

    READ MORE: Pakistan slaps 5pc regulatory duty on yarn import

    “It is also used in the feed of cows, goats and buffalos in this connection the Halal industry of Pakistan will also be hurt by this decision,” the FPCCI added.

    The soybean and canola cargoes are stuck up at port area Karachi due to restriction of PPRO organization which comes under the ministry of food security. The ministry has stopped the consignments on the arguments that the goods are GMO Seeds with the apprehension which may cause cancer to humans.

    “Whereas the industry has a point of view that it only happens when it is used in sowing purpose and in Pakistan it is only used in oil extracting and feed industry,” the FPCCI informed.

    READ MORE: Industries threaten mass protest against gas supply shutdown

    The cargoes are under heavy demurrage and detention since their arrival and adding cost to the miseries of stakeholders. It is pointed out that soybean meal is an ingredient which contributes 15-20 per cent of used in the industry.

    Soybean is termed as to contain the highest crude protein content to the extent of 44 per cent which contributes to reasonable yield in milk production.

    It is to record that soybean is being imported in the country since last many years and widely traded commodity. However, its clearance is at halt for the reasons best known to the hierarchy. “The situation is causing cancellation of market commitment and contracts escalating the cost of doing business,” it added.

    READ MORE: Member Customs assures swift clearance of export consignments

    On the other hand its substitute i.e. canola meal is also being treated on the same line and consignments are pending clearance at the port.

    The FPCCI of the view that if such practices are carried on and the consignments are stuck up at the port, the situation will result in shortage of poultry, meat and dairy items are the basic commodities which has a routine use in daily life,

    FPCCI is analyzing the situation seriously, and strongly recommended that immediate relief to the stakeholders may be granted before the situation gets out of control.

  • Karachi Interbank Offered Rates KIBOR – December 05, 2022

    Karachi Interbank Offered Rates KIBOR – December 05, 2022

    KARACHI: State Bank of Pakistan (SBP) on Monday issued the Karachi Interbank Offered Rates (KIBOR) as on December 05, 2022.

    Following are the latest KIBOR rates:

     TenorBIDOFFER
    1 – Week15.7416.24
    2 – Week15.8416.34
    1 – Month16.0016.50
    3 – Month16.6616.91
    6 – Month16.7216.97
    9 – Month16.7317.23
    1 – Year16.7517.25

    READ MORE: Karachi Interbank Offered Rates KIBOR – December 02, 2022

  • Pakistan stocks witness bloodbath due to economic woes

    Pakistan stocks witness bloodbath due to economic woes

    KARACHI: Pakistan stocks witnessed bloodbath session on Monday due to rising economic worries and political uncertainty.

    The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended down to 41,613 points from last Friday’s closing of 42,150 points, showing a decline of 537 points.

    READ MORE: Weekly Review: Investors to remain cautious after Sukuk repayment

    Analysts at Arif Habib Limited said that a bloodbath session was recorded at the PSX during the day.

    The market opened in the green, but lack of investor participation and redemptions caused the index to drop 632 points intraday and close in the red.

    Volumes in the mainboard dried up notably as a result of political noise in the country, and third-tier companies continued to lead the volume board.

    READ MORE: Pakistan stocks lose 243 points on political unrest

    Analysts at Topline Securities said that after a slight positive opening market witnessed profit taking as investor varied over delayed IMF 9th review and subsequent approval of $1.2 billion loan tranche followed by unstable economic conditions and poor foreign reserves led the investor’s confidence in check.

    Sectors contributing to the performance include Cement (-127.1 points), Technology & Communication (-89.0 points), Commercial Banks (-76.2 points), Fertilizer (-50.6 points), E&P’s (-42.4 points).

    READ MORE: Stocks end positive 45 points despite profit taking

    Volumes decreased from 143.2 million shares to 126.3 million shares (-11.8 per cent DoD). The average traded value also decreased by 36.4 per cent to USD 14.5 million as against USD 22.8 million.

    Stocks that contributed significantly to the volumes are WTL, FCCL, HASCOL, KEL and DSIL.

    READ MORE: Pakistan stocks end flat in low volumes

  • State Bank issues foreign exchange rates on December 05, 2022

    State Bank issues foreign exchange rates on December 05, 2022

    Karachi, December 05, 2022 – The State Bank of Pakistan (SBP) has issued the foreign exchange rates for today, based on the weighted average rates of commercial banks.

    (more…)
  • Bitcoin to PKR, USD on December 05, 2022

    Bitcoin to PKR, USD on December 05, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on December 05, 2022.

    One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs3,870,247.41 on December 05, 2022 at 01:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs3,817,070.10 at closing on December 04, 2022.

    The rate of Bitcoin in US Dollar (USD) is $17,303.45 on December 05, 2022 at 01:00 PM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $17,015.73 at closing on December 04, 2022.

    READ MORE: Bitcoin to PKR, USD on December 04, 2022

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    Ripple to PKR, USD on December 05, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on December 05, 2022.

    One Ripple (XRP) in Pakistani Rupee (PKR) is Rs80.81 on December 05, 2022 at 01:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs81.04 at closing on December 04, 2022.

    The rate of Ripple in US Dollar (USD) is $0.36 on December 05, 2022 at 01:00 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 04, 2022.

    READ MORE: Ripple to PKR, USD on December 04, 2022

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    Dogecoin to PKR, USD on December 05, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on December 05, 2022.

    One Dogecoin to PKR is Rs23.29 on December 05, 2022 at 01:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs22.33 at closing on December 04, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.10 on December 05, 2022 at 01:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.10 at closing on December 04, 2022.

    READ MORE: Dogecoin to PKR, USD on December 04, 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.

  • Ripple to PKR, USD on December 05, 2022

    Ripple to PKR, USD on December 05, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on December 05, 2022.

    One Ripple (XRP) in Pakistani Rupee (PKR) is Rs80.81 on December 05, 2022 at 01:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs81.04 at closing on December 04, 2022.

    The rate of Ripple in US Dollar (USD) is $0.36 on December 05, 2022 at 01:00 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 04, 2022.

    READ MORE: Ripple to PKR, USD on December 04, 2022

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    Bitcoin to PKR, USD on December 05, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on December 05, 2022.

    One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs3,870,247.41 on December 05, 2022 at 01:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs3,817,070.10 at closing on December 04, 2022.

    The rate of Bitcoin in US Dollar (USD) is $17,303.45 on December 05, 2022 at 01:00 PM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $17,015.73 at closing on December 04, 2022.

    READ MORE: Bitcoin to PKR, USD on December 04, 2022

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    Dogecoin to PKR, USD on December 05, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on December 05, 2022.

    One Dogecoin to PKR is Rs23.29 on December 05, 2022 at 01:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs22.33 at closing on December 04, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.10 on December 05, 2022 at 01:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.10 at closing on December 04, 2022.

    READ MORE: Dogecoin to PKR, USD on December 04, 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.

  • Dogecoin to PKR, USD on December 05, 2022

    Dogecoin to PKR, USD on December 05, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on December 05, 2022.

    One Dogecoin to PKR is Rs23.29 on December 05, 2022 at 01:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs22.33 at closing on December 04, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.10 on December 05, 2022 at 01:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.10 at closing on December 04, 2022.

    READ MORE: Dogecoin to PKR, USD on December 04, 2022

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    Ripple to PKR, USD on December 05, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on December 05, 2022.

    One Ripple (XRP) in Pakistani Rupee (PKR) is Rs80.81 on December 05, 2022 at 01:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs81.04 at closing on December 04, 2022.

    The rate of Ripple in US Dollar (USD) is $0.36 on December 05, 2022 at 01:00 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 04, 2022.

    READ MORE: Ripple to PKR, USD on December 04, 2022

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    Bitcoin to PKR, USD on December 05, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on December 05, 2022.

    One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs3,870,247.41 on December 05, 2022 at 01:00 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs3,817,070.10 at closing on December 04, 2022.

    The rate of Bitcoin in US Dollar (USD) is $17,303.45 on December 05, 2022 at 01:00 PM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $17,015.73 at closing on December 04, 2022.

    READ MORE: Bitcoin to PKR, USD on December 04, 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.