KARACHI: State Bank of Pakistan (SBP) on Thursday issued the Karachi Interbank Offered Rates (KIBOR) as on November 03, 2022.
Following are the latest KIBOR rates:
| Tenor | BID | OFFER |
| 1 – Week | 14.94 | 15.44 |
| 2 – Week | 15.00 | 15.50 |
| 1 – Month | 15.08 | 15.58 |
| 3 – Month | 15.52 | 15.77 |
| 6 – Month | 15.59 | 15.84 |
| 9 – Month | 15.60 | 16.10 |
| 1 – Year | 15.62 | 16.11 |
READ MORE: Karachi Interbank Offered Rates KIBOR – November 02, 2022
KARACHI, November 03, 2022 – The State Bank of Pakistan (SBP) has unveiled the foreign exchange rates for November 03, 2022.
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KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on November 03, 2022.
One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs4,522,195.60 on November 03, 2022 at 03:50 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs4,531,854.08 at closing on November 02, 2022.
The rate of Bitcoin in US Dollar (USD) is $20,303.83 on November 03, 2022 at 03:50 PM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $20,433.56 at closing on November 02, 2022.
READ MORE: Bitcoin to PKR, USD on November 02, 2022
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Ripple to PKR, USD on November 03, 2022
KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on November 03, 2022.
One Ripple (XRP) in Pakistani Rupee (PKR) is Rs101.87 on November 03, 2022 at 03:50 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs101.94 at closing on November 02, 2022.
The rate of Ripple in US Dollar (USD) is $0.46 on November 03, 2022 at 03:50 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.46 at closing on November 02, 2022.
READ MORE: Ripple to PKR, USD on November 02, 2022
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Dogecoin to PKR, USD on November 03, 2022
KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on November 03, 2022.
One Dogecoin to PKR is Rs29.98 on November 03, 2022 at 03:50 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs33.53 at closing on November 02, 2022.
The rate of Dogecoin in US Dollar (USD) is $0.13 on November 03, 2022 at 03:50 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.14 at closing on November 02, 2022.
READ MORE: Dogecoin to PKR, USD on November 02, 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 November 03, 2022.
One Ripple (XRP) in Pakistani Rupee (PKR) is Rs101.87 on November 03, 2022 at 03:50 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs101.94 at closing on November 02, 2022.
The rate of Ripple in US Dollar (USD) is $0.46 on November 03, 2022 at 03:50 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.46 at closing on November 02, 2022.
READ MORE: Ripple to PKR, USD on November 02, 2022
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Dogecoin to PKR, USD on November 03, 2022
KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on November 03, 2022.
One Dogecoin to PKR is Rs29.98 on November 03, 2022 at 03:50 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs33.53 at closing on November 02, 2022.
The rate of Dogecoin in US Dollar (USD) is $0.13 on November 03, 2022 at 03:50 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.14 at closing on November 02, 2022.
READ MORE: Dogecoin to PKR, USD on November 02, 2022
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Bitcoin to PKR, USD on November 03, 2022
KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on November 03, 2022.
One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs4,522,195.60 on November 03, 2022 at 03:50 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs4,531,854.08 at closing on November 02, 2022.
The rate of Bitcoin in US Dollar (USD) is $20,303.83 on November 03, 2022 at 03:50 PM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $20,433.56 at closing on November 02, 2022.
READ MORE: Bitcoin to PKR, USD on November 02, 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 US dollar extended gain against the Pakistani Rupee (PKR) on Thursday to end at PKR 221.95 in interbank foreign exchange market.
The exchange rate recorded a decline of 52 paisas in rupee value to end at PKR 221.95 against the dollar from previous day’s closing of PKR 221.43 in the interbank foreign exchange market.
READ MORE: Dollar gains 78 paisas to end PKR 221.43 in interbank
Currency experts said that the dollar witnessed appreciation globally following a sharp rise in treasury yields after the Federal Reserve signaled the interest rates would likely spike.
The Fed a day earlier raised its benchmark funds rate by 75 basis points to 3.75-4 per cent as widely expected.
During the last week the rupee witnessed massive deterioration against the dollar after the PTI chief announced the protest rally.
READ MORE: Rupee rebounds after Dar holds meetings with banks, exchange companies
PTI Chief Imran Khan was removed as prime minister through a vote of no confidence by the allied political parties in April this year. Imran Khan claimed that his government was toppled by a conspiracy.
Prior to the announcement of the long march, the rupee witnessed recovery against the greenback due to removal of Pakistan name from the grey list of the Financial Action Task Force (FATF).
READ MORE: Rupee crashes to dollar as PTI long march starts
Further, the sentiments were also improved due to commitment of Asian Development Bank (ADB) to finance the country. The ADB approved a financing of $1.5 billion to the country. Currency experts said that the approval of loan program by the ADB helped the rupee to make gain.
Interestingly, the amount of $1.5 billion was received last night by the State Bank of Pakistan (SBP). However, the fund transfer also failed to support the local currency.
READ MORE: Dollar climbs to PKR 221.50 on rising political tension
KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on November 03, 2022.
One Dogecoin to PKR is Rs29.98 on November 03, 2022 at 03:50 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs33.53 at closing on November 02, 2022.
The rate of Dogecoin in US Dollar (USD) is $0.13 on November 03, 2022 at 03:50 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.14 at closing on November 02, 2022.
READ MORE: Dogecoin to PKR, USD on November 02, 2022
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Ripple to PKR, USD on November 03, 2022
KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on November 03, 2022.
One Ripple (XRP) in Pakistani Rupee (PKR) is Rs101.87 on November 03, 2022 at 03:50 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs101.94 at closing on November 02, 2022.
The rate of Ripple in US Dollar (USD) is $0.46 on November 03, 2022 at 03:50 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.46 at closing on November 02, 2022.
READ MORE: Ripple to PKR, USD on November 02, 2022
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Bitcoin to PKR, USD on November 03, 2022
KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on November 03, 2022.
One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs4,522,195.60 on November 03, 2022 at 03:50 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs4,531,854.08 at closing on November 02, 2022.
The rate of Bitcoin in US Dollar (USD) is $20,303.83 on November 03, 2022 at 03:50 PM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $20,433.56 at closing on November 02, 2022.
READ MORE: Bitcoin to PKR, USD on November 02, 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 central banks of Pakistan and China have signed an agreement for establishing RMB (Chinese currency) clearing arrangement.
State Bank of Pakistan (SBP) and Peoples Bank of China (PBoC) have signed an MOU on establishing RMB (Chinese currency) clearing arrangements in Pakistan, according to a statement issued on Wednesday.
The MOU was signed by Governor SBP Jameel Ahmad and Governor PBoC Yi Gang.
The establishment of the RMB clearing arrangement in Pakistan will further boost usage of RMB for cross-border transactions among Chinese and Pakistani enterprises and financial institutions.
This will also promote bilateral trade and investment between the two countries.
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as on November 02, 2022.
Following are the latest KIBOR rates:
| Tenor | BID | OFFER |
| 1 – Week | 14.94 | 15.44 |
| 2 – Week | 15.00 | 15.50 |
| 1 – Month | 15.08 | 15.58 |
| 3 – Month | 15.52 | 15.77 |
| 6 – Month | 15.59 | 15.84 |
| 9 – Month | 15.62 | 16.12 |
| 1 – Year | 15.65 | 16.15 |
READ MORE: Karachi Interbank Offered Rates KIBOR – November 01, 2022
KARACHI: Pakistan stocks gained 136 points on Wednesday amid investors were hoping positive outcome from China visit by the prime minister.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 41,945 points from previous day’s closing of 41,809 points, showing a gain of 136 points.
READ MORE: Bulls return as benchmark index gain 544 points
Analysts at Arif Habib Limited said that another positive session was witnessed at the PSX today.
The benchmark KSE-100 index traded in the green for majority of the session, maintaining the momentum from the previous session, as investor remained hopeful for positive outcomes from the Prime Minister’s visit to China.
READ MORE: Stocks end positive amid political unrest
Volumes improved significantly in the main board yet 3rd tier stocks remained in the limelight.
Sectors contributing to the performance include E&P’s (+60.3 points), Power Generation & Distribution (+48.2 points), Oil & Gas Marketing Companies (+39.6 points), Fertilizer (+19.5 points) and Automobile Assembler (+9.5 points).
READ MORE: Weekly Review: stocks to stay uncertain over PTI’s Long March
Volumes increased from 192.1 million shares to 230.6 million shares (+20.0 per cent DoD). The average traded value decreased by -1.3 per cent to USD 28.2 million as against USD 28.60 million.
Stocks that contributed significantly to the volumes are HASCOL, WTL, CNERGY, GTECH and TPLP.
READ MORE: Pakistan stocks observe bloodbath session amid political uncertainty
KARACHI: The final chance has been given to public to exchange or encash bearer prize bonds with various denominations by June 30, 2023.
The State Bank of Pakistan (SBP) in a statement on Wednesday said that the federal government had given another opportunity to the public to get the withdrawn prize bonds of Rs.7500, 15,000, 25,000 and Rs. 40,000 redeemed/encashed by June 30, 2023.
READ MORE: Pakistan-issued prize bonds expire on June 30, 2022
Earlier, the government had fixed deadline of June 30, 2022, for redemption/encashment of these prize bonds, however, considering that some of the prize bond holders could not get their bonds redeemed a final opportunity has been given for encashment of prize bonds till June 30, 2023.
READ MORE: SBP directs banks to accept bearer prize bonds
The investors of aforesaid prize bonds have following options of encashment or exchange: Encashment at Face Value; Conversion to Premium Prize Bonds of Rs. 25,000 and/or Rs. 40,000 (Registered); Replacement with Special Savings Certificates (SSC) or Defense Savings Certificates (DSC).
READ MORE: Prize bond (bearer) holders given 3 months to document
The prize bonds can be redeemed from SBP Banking Services Corporation office and branches of commercial banks across the country till 30th June 2023. The SBP has issued necessary instructions to commercial banks to accept requests from general public for encashment or exchange of the prize bonds till the extended date.
READ MORE: History of Prize Bonds in Pakistan
The members of general public holding these are encouraged to avail this final opportunity and get their prize bonds redeemed before June 30, 2023. These prize bonds shall not be en-cashable or exchangeable after the expiry of the extended deadline, thereby rendering them worthless.