KARACHI – The State Bank of Pakistan (SBP) has released the foreign exchange rates for October 25, 2022, shedding light on the current status of the Pakistani Rupee (PKR) against major international currencies.
(more…)Author: Faisal Shahnawaz
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Bitcoin to PKR, USD on October 25, 2022
KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on October 25, 2022.
One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs4,222,067.83 on October 25, 2022 at 02:20 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs4,248,782.85 at closing on October 24, 2022.
The rate of Bitcoin in US Dollar (USD) is $19,304.01 on October 25, 2022 at 02:20 PM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $19,353.30 at closing on October 24, 2022.
READ MORE: Bitcoin to PKR, USD on October 24, 2022
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Dogecoin to PKR, USD on October 25, 2022
KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on October 25, 2022.
One Dogecoin to PKR is Rs13.11 on October 25, 2022 at 02:20 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs13.07 at closing on October 24, 2022.
The rate of Dogecoin in US Dollar (USD) is $0.06 on October 25, 2022 at 02:20 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.06 at closing on October 24, 2022.
READ MORE: Dogecoin to PKR, USD on October 24, 2022
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Ripple to PKR, USD on October 25, 2022
KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on October 25, 2022.
One Ripple (XRP) in Pakistani Rupee (PKR) is Rs97.83 on October 25, 2022 at 02:20 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs100.03 at closing on October 24, 2022.
The rate of Ripple in US Dollar (USD) is $0.45 on October 25, 2022 at 02:20 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 24, 2022.
READ MORE: Ripple to PKR, USD on October 24, 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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Ripple to PKR, USD on October 25, 2022
KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on October 25, 2022.
One Ripple (XRP) in Pakistani Rupee (PKR) is Rs97.83 on October 25, 2022 at 02:20 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs100.03 at closing on October 24, 2022.
The rate of Ripple in US Dollar (USD) is $0.45 on October 25, 2022 at 02:20 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 24, 2022.
READ MORE: Ripple to PKR, USD on October 24, 2022
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Bitcoin to PKR, USD on October 25, 2022
KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on October 25, 2022.
One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs4,222,067.83 on October 25, 2022 at 02:20 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs4,248,782.85 at closing on October 24, 2022.
The rate of Bitcoin in US Dollar (USD) is $19,304.01 on October 25, 2022 at 02:20 PM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $19,353.30 at closing on October 24, 2022.
READ MORE: Bitcoin to PKR, USD on October 24, 2022
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Dogecoin to PKR, USD on October 25, 2022
KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on October 25, 2022.
One Dogecoin to PKR is Rs13.11 on October 25, 2022 at 02:20 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs13.07 at closing on October 24, 2022.
The rate of Dogecoin in US Dollar (USD) is $0.06 on October 25, 2022 at 02:20 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.06 at closing on October 24, 2022.
READ MORE: Dogecoin to PKR, USD on October 24, 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 October 25, 2022
KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on October 25, 2022.
One Dogecoin to PKR is Rs13.11 on October 25, 2022 at 02:20 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs13.07 at closing on October 24, 2022.
The rate of Dogecoin in US Dollar (USD) is $0.06 on October 25, 2022 at 02:20 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.06 at closing on October 24, 2022.
READ MORE: Dogecoin to PKR, USD on October 24, 2022
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Ripple to PKR, USD on October 25, 2022
KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on October 25, 2022.
One Ripple (XRP) in Pakistani Rupee (PKR) is Rs97.83 on October 25, 2022 at 02:20 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs100.03 at closing on October 24, 2022.
The rate of Ripple in US Dollar (USD) is $0.45 on October 25, 2022 at 02:20 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 24, 2022.
READ MORE: Ripple to PKR, USD on October 24, 2022
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Bitcoin to PKR, USD on October 25, 2022
KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on October 25, 2022.
One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs4,222,067.83 on October 25, 2022 at 02:20 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs4,248,782.85 at closing on October 24, 2022.
The rate of Bitcoin in US Dollar (USD) is $19,304.01 on October 25, 2022 at 02:20 PM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $19,353.30 at closing on October 24, 2022.
READ MORE: Bitcoin to PKR, USD on October 24, 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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Hyderabad Customs auctions NDP vehicles on October 27, 2022
KARACHI: The Collectorate of Customs, Hyderabad has announced auction of non-duty paid (NDP) vehicles to be held on October 27, 2022 at State Ware House of the Collectorate.
Following non-duty paid vehicles to be presented for the auction:
01. Swift car, bearing registration No. Plate AAJ-026, chassis No.ZC71S-403925, HP-1300cc, Model-2007.
02. Mira Car, bearing registration number plate BAX-369, chassis No.LA300S-0005693, HP-660, Model-2012.
03. Toyota Vitz Car, bearing registration number plate ALA-081, chassis No.SCP10-5060739, HP-1000, Model-2000
04. Toyota Premio car, bearing registration No. Plate ZV-826, chassis No.ZZT-240-5047054, HP-1800cc, Model-2005.
05. Toyota Mark X Car, bearing registration number plate QBA-862, Chassis No.GRX130-6009486, HP-2500cc, Model-2010
06. Toyota Mark X, bearing registration number plate GBS-598, chassis No.GRX121-1007924, HP-3000cc, Model-2006
07. Toyota Corolla XLI Car, chassis No.NZE120-6023637 HP-1300cc manual transmission Model 2005 (But physically alter engine Automatic 1800cc) with face Reg: No.AVP-916 (Accidental).
08. Honda City Car, bearing registration No. plate AGR-881, chassis No.NFBGE15A94R109396, HP-1300cc, Model-2004
09. Honda Civic Reborn Car, bearing registration No.plate ALT-505, chassis No.JHMFD-3620S201559, HP-1800cc, Model-2007
10. Toyota Mark-X car without registration number plate, chassis No.GRX130-6027816, HP-2500cc, Model-2010.
11. Toyota Mark X Car, bearing registration number plate HS-149, Chassis No.GRX120-0030298, HP-2500cc, Model-2005
12. Suzuki Alto Car, bearing registration number plate AFR, Chassis No.HA36V-108638, HP-660cc, Model-2015.
13. Toyota Passo Car, bearing registration number plate LED-4482, Chassis KGC10-0260829, HP-1000cc, Model-2009.
14. Toyota Premio car, bearing registration number plat AJU-756, chassis No.ZZT240-5032311, HP-1800cc, Model-2004.
15. Toyota Vitz car, bearing registration number plat AKJ-343, chassis No.SCP10-0219440, HP-1000cc, Model-2000.
16. Mini Mitsubishi Pajero, bearing registration number plat BD-8358, chassis No.H57A-0002853, HP-660cc, Model-1995.
17. BMW car, bearing registration number plate KU-088, chassis No.WBAGN62030DE56518, HP-5972cc, Model-2002.
READ MORE: Electricity withholding tax not applicable on ATL domestic consumers
READ MORE: Tax rates on goods, passenger transport vehicles during 2022-2023
READ MORE: FBR notifies tax rates on brokerage, commission during 2022-2023
READ MORE: Non-ATL to pay 200% more tax on motor vehicle purchase during 2022-2023
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Ismail Industries posts 150% growth in after tax profit for 1QFY23
KARACHI: Ismail Industries Limited has announced massive 150 per cent growth in its after tax profit for the first quarter (July – September) of the fiscal year 2022-2023.
According to consolidated financial results shared with the Pakistan Stock Exchange (PSX), the company announced profit after tax at Rs1.21 billion for the three months period ended September 30, 2022 as compared with Rs485 million in the corresponding period of the last year.
Earnings per share both basic and diluted is at Rs18.61 for the period under review as compared with Rs7.57 in the same period of the last year.
Ismail Industries Limited is one of the largest food companies in Pakistan, manufacturing a wide range of confectionery, biscuits, snacks and packaging films under the brand names of CandyLand, Bisconni, SnackCity and Astro Films respectively.
Board of Directors of the company met on October 24, 2022 approved the financial results and announced no interim cash dividend / bonus shares for the quarter ended September 30, 2022.
Net sales of the company grew to Rs21.94 billion for the quarter ended September 30, 2022 as compared with Rs14.57 billion in the corresponding quarter of the last fiscal year.
Cost of sales came at Rs15.45 billion for the quarter under review as compared with Rs10.43 billion in the same quarter of the last year.
The company recorded selling and distribution expenses at Rs1.74 billion for the quarter July – September 2022 as compared with Rs1.22 billion in the corresponding quarter of the last year.
Administrative expenses of the company were at Rs301 million for the period of three months ended September 30, 2022 as compared with Rs226 million in the same period of the last year.
Profit before taxation recorded at Rs1.46 billion for the quarter ended September 30, 2022 as compared with Rs709 million in the same quarter of the last fiscal year.
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Stocks gain 134 points in range bound trading
KARACHI: Pakistan stocks gained 134 points on Monday as the market traded in a range bound session.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 42,347 points from last Friday’s closing of 42,213 points, showing an increase of 134 points.
READ MORE: Weekly Review: market to stay positive after Pakistan exit from FATF grey list
Analysts at Arif Habib Limited said that the benchmark KSE-100 index witnessed a range bound session during the day.
Despite having an astounding news that Pakistan has been taken off from the “grey list” of the Financial Action Task Force (FATF), the PSX was unable to capitalize from it because of political upheaval as investor’s participation remained sideways.
READ MORE: Pakistan stocks trade range bound amid PTI chief disqualification
The mainboard had reasonable volumes, although the top volume leaders remained the third-tier stocks.
Sectors contributing to the performance include Technology & Communication (46.9 points), Fertilizer (40.9 points), E&P’s (24.4 points), Power Generation & Distribution (22.6 points) and Automobile Parts & Accessories (7.2 points).
READ MORE: Stocks end down as rupee fall erodes confidence
Volumes decreased from 289.6 million shares to 226.7 million shares (-21.7 per cent DoD). The average traded value also dereased by -22.9 per cent to USD 27.5 million as against USD 35.6 million.
Stocks that contributed significantly to the volumes are WTL, DFML, PRL, HASCOL and TRG.
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Dollar slips to PKR 220.41 on improved economic sentiments
KARACHI: The US dollar slipped by 43 paisas against the Pakistani Rupee (PKR) on Monday owing to improved economic sentiments after FATF decision.
The exchange rate witnessed a gain of 43 paisas in rupee value to end at PKR 220.41 from last Friday’s closing of PKR 220.84 in the interbank foreign exchange market.
READ MORE: Rupee gains 11 paisas to dollar on ADB loan approval
Financial Action Task Force (FATF), the global watchdog, last Friday formally announced giving clearance to Pakistan by removing the country’s name from its grey list.
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: Dollar inches up to end at PKR 220.95 in interbank market
The ADB in a statement on Friday said that it had approved $1.5 billion in financing to help the Government of Pakistan provide social protection, promote food security, and support employment for its people amid devastating floods and global supply chain disruptions.
Besides, the rupee was also supported 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 plunges to PKR 220.88 against dollar in interbank
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.
READ MORE: Rupee fall continues; Dollar ends at PKR 219.71 in interbank
Furthermore, the local currency also received support as the level of foreign exchange reserves were remained flat.
Pakistan’s weekly foreign exchange reserves increased nominally to $13.251 billion by week ended October 14, 2022 as compared with $13.247 billion a week ago i.e. October 7, 2022.
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Unilever Pakistan forecasts erosion in consumer purchasing power
KARACHI: Unilever Pakistan Foods Limited – fast-moving consumer goods company – on Monday said that high inflation to erode purchasing power of consumers.
While presenting financial results for nine months period ended September 30, 2022, the company said Pakistan’s economic and operating environment remains challenging as the country continues to grapple with sustained double-digit inflation, low foreign exchange reserves and aftermath of recent floods.
“The above factors are expected to result in a considerable overall economic slowdown and further erosion of purchasing power of the consumers.”
It said that in the midst of the situation, the management remains committed to navigating the challenges and staying relevant to the consumer by leveraging the power of its brands, delivering delightful innovations and driving cost transformation. “We are confident that we will continue to deliver competitive, consistent, responsible and profitable growth benefitting all stakeholders,” the company added.
The board of directors of the company met on October 24, 2022 and approved the un-audited condenses interim financial information for the nine months ended September 30, 2022.
According to the company, despite challenging economic and political environment, the business continued its positive momentum and delivered a growth of 36.6 per cent with a healthy mix of pricing and volume.
The growth was broad based with both retail and food solution business delivering consistent performance on the back of strong brand equity, innovations and wider distribution.
“Inflationary headwinds resulted in a gross margin dilution of 202 basis points to 41.4 per cent. However, earnings per share grew by 33.3 per cent led by strong topline growth,” the company added.
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State Bank issues foreign exchange rates on October 24, 2022
KARACHI – The State Bank of Pakistan (SBP) has released the foreign exchange rates for October 24, 2022, providing a snapshot of the value of the Pakistani Rupee (PKR) against major international currencies.
(more…)