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Author: Faisal Shahnawaz

  • Bitcoin to PKR, USD on November 01, 2022

    Bitcoin to PKR, USD on November 01, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on November 01, 2022.

    One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs4,570,885.18 on November 01, 2022 at 04:10 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs4,556,481.83 at closing on October 31, 2022.

    The rate of Bitcoin in US Dollar (USD) is $20,631.67 on November 01, 2022 at 04:10 PM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $20,549.18 at closing on October 31, 2022.

    READ MORE: Bitcoin to PKR, USD on October 31, 2022

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    Ripple to PKR, USD on November 01, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on November 01, 2022.

    One Ripple (XRP) in Pakistani Rupee (PKR) is Rs102.62 on November 01, 2022 at 04:10 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs101.50 at closing on October 31, 2022.

    The rate of Ripple in US Dollar (USD) is $0.46 on November 01, 2022 at 04:10 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 October 31, 2022.

    READ MORE: Ripple to PKR, USD on October 31, 2022

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    Dogecoin to PKR, USD on November 01, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on November 01, 2022.

    One Dogecoin to PKR is Rs33.00 on November 01, 2022 at 04:10 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs26.97 at closing on October 31, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.15 on November 01, 2022 at 04:10 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.12 at closing on October 31, 2022.

    READ MORE: Dogecoin to PKR, USD on October 31, 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 November 01, 2022

    Ripple to PKR, USD on November 01, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on November 01, 2022.

    (more…)
  • Dogecoin to PKR, USD on November 01, 2022

    Dogecoin to PKR, USD on November 01, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on November 01, 2022.

    One Dogecoin to PKR is Rs33.00 on November 01, 2022 at 04:10 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs26.97 at closing on October 31, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.15 on November 01, 2022 at 04:10 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.12 at closing on October 31, 2022.

    READ MORE: Dogecoin to PKR, USD on October 31, 2022

    —————————————————————————–

    Ripple to PKR, USD on November 01, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on November 01, 2022.

    One Ripple (XRP) in Pakistani Rupee (PKR) is Rs102.62 on November 01, 2022 at 04:10 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs101.50 at closing on October 31, 2022.

    The rate of Ripple in US Dollar (USD) is $0.46 on November 01, 2022 at 04:10 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 October 31, 2022.

    READ MORE: Ripple to PKR, USD on October 31, 2022

    —————————————————————————

    Bitcoin to PKR, USD on November 01, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on November 01, 2022.

    One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs4,570,885.18 on November 01, 2022 at 04:10 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs4,556,481.83 at closing on October 31, 2022.

    The rate of Bitcoin in US Dollar (USD) is $20,631.67 on November 01, 2022 at 04:10 PM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $20,549.18 at closing on October 31, 2022.

    READ MORE: Bitcoin to PKR, USD on October 31, 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.

  • Rupee gains 24 paisas to end PKR 220.65 against US dollar

    Rupee gains 24 paisas to end PKR 220.65 against US dollar

    KARACHI: The Pakistani Rupee (PKR) gained 24 paisas against the US dollar on Tuesday owing to positive sentiments continued after the finance minister met heads of financial institutions.

    The exchange rate ended at PKR 220.65 to the dollar from previous day’s closing of PKR 220.89 in the interbank foreign exchange market.

    READ MORE: Rupee rebounds after Dar holds meetings with banks, exchange companies

    The local currency made recovery during the last two sessions following meetings of Finance Minister Ishaq Dar with representatives of banks and exchange companies last week.

    The finance minister on Saturday October 29, 2022 held meetings with representatives of exchange companies and bankers and discussed the exchange rate volatility.

    Finance Minister Ishaq Dar has advised foreign exchange companies to ensure appropriate exchange rate for the betterment of the country.

    The finance minister highlighting the economic situation of the country stated that the present government with its pragmatic policy decisions has not only arrested the decline but has also set the economy in the right direction.

    READ MORE: Rupee crashes to dollar as PTI long march starts

    During the last week the rupee witnessed massive deterioration against the dollar after the PTI chief announced the protest rally.

    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: Dollar climbs to PKR 221.50 on rising political tension

    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: Rupee slips sharply to dollar on PTI long march

  • Honda Pakistan increases prices of motorcycles

    Honda Pakistan increases prices of motorcycles

    KARACHI: Atlas Honda Limited has increased the prices of the motorcycles in the wake of high inflation in the country and restrictions to import raw materials.

    Considering the current economic situation of the country, the government had restored to stringent measures including minimizing the import of Completely Knocked Down (CKD) kits and raw materials, the company’s supply chain had also been disrupted by such measures.

    Following are the increased prices of Honda motorcycles which will be implemented from November 01, 2022:

    The price of Honda CD 70 has been increased by Rs5,000 to Rs121,500, from Rs116,500,

    The price of Honda CD 70 Dream has been increased by Rs5,400 to Rs129,900 from Rs124,500.

    The price of Honda Pridor has been increased by Rs6,000 to Rs161,900 from Rs155,900.

    The price of Honda CG 125 has been increased by Rs6,000 to Rs185,900 from Rs179,900.

    The price of Honda CG 125 SE has been increased by Rs8,600 to Rs219,500 from Rs210,900.

    The price of Honda CB 125F has been increased by Rs10,000 to Rs283,900 from 273,900.

    The price of Honda CB 150F has been increased by Rs15,000 to Rs353,900 from Rs338,900.

    The price of CB 150F SE has been increased by Rs15,000 to Rs357,900 from Rs342,900.

  • Karachi Interbank Offered Rates KIBOR – October 31, 2022

    Karachi Interbank Offered Rates KIBOR – October 31, 2022

    KARACHI: State Bank of Pakistan (SBP) on Monday issued the Karachi Interbank Offered Rates (KIBOR) as on October 31, 2022.

    Following are the latest KIBOR rates:

     TenorBIDOFFER
    1 – Week14.9415.44
    2 – Week14.9915.49
    1 – Month15.0615.56
    3 – Month15.5115.76
    6 – Month15.5915.84
    9 – Month15.6116.11
    1 – Year15.6316.13

    READ MORE: Karachi Interbank Offered Rates KIBOR – October 28, 2022

  • Features, price of Haval H6 in Pakistan

    Features, price of Haval H6 in Pakistan

    Sazgar Engineering Works Limited launched the Haval H6 SUV in Pakistan, which is the hybrid electric vehicle. The company introduced the SUV in two variants, 1.5T and 2.0T.

    The company launched the Haval H6, with the ex-factory price of Rs9,749,000. The booking price of the car is Rs1,900,000.

    The SUV adopts miller cycle, electronic water pump, 12:1 high compression ratio, and other advanced technologies. The thermal efficiency is up to 38 per cent.

    The car has the maximum engine power up to 113KW, maximum torque is 233NM and the motor maximum power is 130KW and maximum torque is 300NM.

    The whole engine has four leading characteristics of high efficiency, low fuel consumption, high performance and light weight.

    The application of light weighting technology reduces the car weight, which results in the improvement of fuel economy by 14.5 per cent.

    The car has some interesting features with advanced intelligence like the full extensibility, strongest security protection, highest energy efficiency ratio and extraordinary global quality.

    The car has been tested on more than 6 million kilometers road test, gathering 18 kinds of global typical environmental application analysis.

    The test had been conducted to ensure the global recognized product quality with global high validation standards.

    Some of the external equipment include electric tail gate with delayed closing and memory function. The 19-inch alloy wheels with tyre size of 225/55. Front and rear boneless automatic wipers. The car also has the panoramic sunroof and shark fin antenna.

    The internal features include the multi functions steering wheel with paddle shifters. The front interior of the car and the luggage cabin have only 12V power outlet.

    The security features of the car include the keyless entry system of the car. The car is started by the button type push-to-start system. The car contains car locating function, anti-theft alarming system, automatic crash unlock system and speed sensing central door lock.

  • Price, specifications of Chevrolet Trax

    Price, specifications of Chevrolet Trax

    Chevrolet launched the SUV Trax with new features and technological advancement seeking the practicality of a compact car.

    The SUV provides more space for passengers and cargo. The car is launched with the suggested retailing price of $21,495.

    The press release issued by the company stated about the body of the car. At the front, sleek horizontal lines emphasize the vehicle’s width and are designed around the lines of the iconic Chevy bowtie at the center of the grille, which flow outward to the slim, Blazer-inspired headlamps that feature all-new LED lighting elements. Chevy-signature high-eye LED daytime running lamps make the Trax more visible, day or night.

    A sleeker side profile is enhanced by a 4-inch-lower (101 mm) overall height than the current model, while strong “shoulders” in the body contribute to a taut, muscular presence and strong stance.

    Trax’s interior was designed to have a lightweight feel, achieved with sweeping lines and light, technical cues that emphasize the vehicle’s width and create a sense of airiness — all enabled by the vehicle’s longer, lower and wider platform.

    The low instrument panel enhances outward visibility and contributes to the feeling of airiness, while a technical texture pattern sweeps across, adding depth. Other elements take inspirations from other recent Chevy performance vehicle designs, including signature round vents and more.

    Display screens are the centerpiece of the tech-forward design, with the infotainment screen canted slightly toward the driver, for more intuitive control.

    The new Trax’s larger dimensions pay dividends when it comes to the driving experience and interior spaciousness, with its nearly 6-inch-longer wheelbase and wider track offering more composed ride and handling characteristics, compared to the current model.

    Inside, the 11-inch greater length and 2-inch greater width than the current model translates into greater roominess and cargo capacity, including 3 inches more rear legroom, which increases comfort for rear-seat passengers, and maximum cargo capacity that increases by nearly 12 per cent.

  • Rupee rebounds after Dar holds meetings with banks, exchange companies

    Rupee rebounds after Dar holds meetings with banks, exchange companies

    KARACHI: The Pakistani Rupee (PKR) recovered sharply against the US dollar on Monday following meetings of Finance Minister Ishaq Dar with representatives of banks and exchange companies last week.

    The exchange rate recorded a recovery of PKR 1.58 in rupee value to end at PKR 220.89 to the dollar from last Friday’s closing of PKR 222.47 in the interbank foreign exchange market.

    READ MORE: Rupee crashes to dollar as PTI long march starts

    The finance minister on Saturday October 29, 2022 held meetings with representatives of exchange companies and bankers and discussed the exchange rate volatility.

    Finance Minister Ishaq Dar has advised foreign exchange companies to ensure appropriate exchange rate for the betterment of the country.

    The finance minister highlighting the economic situation of the country stated that the present government with its pragmatic policy decisions has not only arrested the decline but has also set the economy in the right direction.

    READ MORE: Dollar climbs to PKR 221.50 on rising political tension

    During the last week the rupee witnessed massive deterioration against the dollar after the PTI chief announced the protest rally.

    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).

    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.

    READ MORE: Rupee slips sharply to dollar on PTI long march

    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.

    The rupee had also seen support by contraction in current account deficit during the first quarter of the current fiscal year.

    Pakistan’s current account deficit has recorded a decline of 37 per cent to $2.21 billion during first quarter (July – September) of fiscal year 2022/2023, according to official data released last week.

    READ MORE: Rupee recovers to PKR 219.73 against dollar

    The current account deficit of the country was $3.53 billion in the same quarter of the last fiscal year.

    Contraction in current account deficit can be attributed to significant fall in trade deficit. The trade deficit also contracted by 21.32 per cent to $9.22 billion during first quarter of the current fiscal year as compared with the deficit of $11.72 billion in the same quarter of the last fiscal year.

  • State Bank issues foreign exchange rates on October 31, 2022

    State Bank issues foreign exchange rates on October 31, 2022

    KARACHI – In a routine update, the State Bank of Pakistan (SBP) released the foreign exchange rates for October 31, 2022. The rates are determined based on the weighted average rates of commercial banks operating in the country.

    (more…)