KARACHI – The State Bank of Pakistan (SBP) has disclosed the foreign exchange rates for October 21, 2022, providing crucial information on the value of the Pakistani Rupee (PKR) against major international currencies.
(more…)Author: Faisal Shahnawaz
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Bitcoin to PKR, USD on October 21, 2022
KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on October 21, 2022.
One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs4,206,528.71 on October 21, 2022 at 02:35 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs4,241,203.51 at closing on October 20, 2022.
The rate of Bitcoin in US Dollar (USD) is $18,986.35 on October 21, 2022 at 02:35 PM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $19,178.52 at closing on October 20, 2022.
READ MORE: Bitcoin to PKR, USD on October 20, 2022
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Ripple to PKR, USD on October 21, 2022
KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on October 21, 2022.
One Ripple (XRP) in Pakistani Rupee (PKR) is Rs97.43 on October 21, 2022 at 02:35 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs101.98 at closing on October 20, 2022.
The rate of Ripple in US Dollar (USD) is $0.44 on October 21, 2022 at 02:35 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 20, 2022.
READ MORE: Ripple to PKR, USD on October 20, 2022
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Dogecoin to PKR, USD on October 21, 2022
KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on October 21, 2022.
One Dogecoin to PKR is Rs12.83 on October 21, 2022 at 02:35 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs13.18 at closing on October 20, 2022.
The rate of Dogecoin in US Dollar (USD) is $0.06 on October 21, 2022 at 02:35 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 20, 2022.
READ MORE: Dogecoin to PKR, USD on October 20, 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 21, 2022
KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on October 21, 2022.
One Ripple (XRP) in Pakistani Rupee (PKR) is Rs97.43 on October 21, 2022 at 02:35 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs101.98 at closing on October 20, 2022.
The rate of Ripple in US Dollar (USD) is $0.44 on October 21, 2022 at 02:35 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 20, 2022.
READ MORE: Ripple to PKR, USD on October 20, 2022
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Dogecoin to PKR, USD on October 21, 2022
KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on October 21, 2022.
One Dogecoin to PKR is Rs12.83 on October 21, 2022 at 02:35 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs13.18 at closing on October 20, 2022.
The rate of Dogecoin in US Dollar (USD) is $0.06 on October 21, 2022 at 02:35 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 20, 2022.
READ MORE: Dogecoin to PKR, USD on October 20, 2022
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Bitcoin to PKR, USD on October 21, 2022
KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on October 21, 2022.
One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs4,206,528.71 on October 21, 2022 at 02:35 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs4,241,203.51 at closing on October 20, 2022.
The rate of Bitcoin in US Dollar (USD) is $18,986.35 on October 21, 2022 at 02:35 PM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $19,178.52 at closing on October 20, 2022.
READ MORE: Bitcoin to PKR, USD on October 20, 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 21, 2022
KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on October 21, 2022.
One Dogecoin to PKR is Rs12.83 on October 21, 2022 at 02:35 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs13.18 at closing on October 20, 2022.
The rate of Dogecoin in US Dollar (USD) is $0.06 on October 21, 2022 at 02:35 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 20, 2022.
READ MORE: Dogecoin to PKR, USD on October 20, 2022
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Ripple to PKR, USD on October 21, 2022
KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on October 21, 2022.
One Ripple (XRP) in Pakistani Rupee (PKR) is Rs97.43 on October 21, 2022 at 02:35 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs101.98 at closing on October 20, 2022.
The rate of Ripple in US Dollar (USD) is $0.44 on October 21, 2022 at 02:35 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 20, 2022.
READ MORE: Ripple to PKR, USD on October 20, 2022
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Bitcoin to PKR, USD on October 21, 2022
KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on October 21, 2022.
One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs4,206,528.71 on October 21, 2022 at 02:35 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs4,241,203.51 at closing on October 20, 2022.
The rate of Bitcoin in US Dollar (USD) is $18,986.35 on October 21, 2022 at 02:35 PM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $19,178.52 at closing on October 20, 2022.
READ MORE: Bitcoin to PKR, USD on October 20, 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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Allied Bank’s profit declines in 9MCY22 as tax payment surges by 129%
KARACHI: Allied Bank of Pakistan (ABL) has declared fall in net profit to Rs12.63 billion during nine months period ended September 30, 2022 as tax payment of the bank surged by 129 per cent.
According to financial results submitted to Pakistan Stock Exchange (PSX) on Thursday, the bank declared Rs12.63 billion profit after tax during January – September 2022 as compared with Rs13.07 billion in the same period of the last year.
The fall in profit may be attributed to massive increase in tax liability during the period. Allied Bank paid an amount of Rs20.39 billion as income tax for the nine months period ended September 30, 2022 as compared with Rs8.90 billion in the corresponding months of the last year.
As per the unconsolidated results, the bank announced earnings per share at Rs11.03 for the nine months period ended September 30, 2022 as compared with Rs11.41 in the same period of the last year.
The board of directors of Allied Bank Limited met on October 20, 2022 and approved an interim cash dividend for the quarter ended September 30, 2022 at Rs2 per share i.e. 20 per cent. This is in addition to interim dividend already paid at Rs4 per share i.e. 40 per cent.
The net mark-up/interest income of the bank rose to Rs45.44 billion during January – September 2022 as compared with Rs34.68 billion in the same period of the last year.
Total non mark-up/interest income grew to Rs16.33 billion for the period under review as compared with Rs11.73 billion in the corresponding period of the last year. Out of this, the foreign exchange income massively increased to Rs7.14 billion as compared with Rs1.11 billion.
Operating expenses of the bank grew to Rs28.47 billion during first nine months of the current year as compared with Rs24.42 billion in the same period of the last year.
The bank declared Rs33 billion as profit before tax for nine months ended September 30, 2022 as compared with Rs21.97 billion in the corresponding months of the last year.
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Stocks end down as rupee fall erodes confidence
KARACHI: Pakistan stocks ended down by 89 points on Thursday after the rupee depreciation eroded confidence of investors.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 42,137 points from previous day’s closing of 42,226 points, showing a decline of 89 points.
READ MORE: Stocks gain 387 points as trade deficit narrows
Analysts at Arif Habib Limited said that the stock market had a mixed trading session during the day.
The market started out strong, but the Pak rupee’s weakening against the US dollar eroded investor confidence and caused profit-taking, triggering the index to close down. Mainboard volumes were decent on the contrary 3rd tier stocks remained in the limelight.
READ MORE: Pakistan stocks make gains on positive US nuke statement
Sectors contributing to the performance include Technology & Communication (-56.7 points), Cement (-30.0 points), Commercial Banks (-24.4 points), Food & Personal Care Products (-19.8 points) and E&P’s (-18.1 points).
READ MORE: Stocks end down by 193 points on political unrest
Volumes increased from 250.2 million shares to 267.5 million shares (6.9 per cent DoD). The average traded value decreased by -5.7 per cent to USD 28.4 million as against USD 30.1 million.
Stocks that contributed significantly to the volumes are HASCOL, KEL, GTECH, GGL and WTL.
READ MORE: Weekly Review: stocks may move positive on FATF decision
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Karachi Interbank Offered Rates KIBOR – October 20, 2022
KARACHI: State Bank of Pakistan (SBP) on Thursday issued the Karachi Interbank Offered Rates (KIBOR) as on October 20, 2022.
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Dollar inches up to end at PKR 220.95 in interbank market
The US Dollar made slight gains against the Pakistani Rupee (PKR) in the interbank foreign exchange market on Thursday, closing at PKR 220.95. The rupee lost seven paisas compared to the previous day’s closing of PKR 220.88, reflecting the prevailing pressure on the local currency.
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State Bank’s foreign exchange rates – October 20, 2022
KARACHI – The State Bank of Pakistan (SBP) has provided an update on foreign exchange rates for October 20, 2022, shedding light on the value of the Pakistani Rupee (PKR) against major international currencies.
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UBL announces 18% decline in net profit on huge tax payment
KARACHI: United Bank Limited (UBL) has posted 18 per cent decline in net profit to Rs18.76 billion for the nine months period ended September 30, 2022.
The profit after tax of the bank was Rs22.76 billion in the same months of the last year, according to financial results of the bank submitted to the Pakistan Stock Exchange (PSX).
Bank has declared earnings per share for the period at Rs15.33 as compared with EPS of Rs18.59 in the nine months period ended September 30, 2021.
The decline in net profit may be attributed to massive surged in payment of income tax during the period. The bank paid an amount of Rs31.89 billion for the period January – September 2022 when compared with Rs16.56 billion in the same period of the last year.
Board of directors of the bank met on Wednesday October 19, 2022 to approve the financial results for the nine months ended September 30, 2022. The board approved an interim cash dividend for the nine months ended September 30, 2022 at Rs4 per share i.e. 40 per cent. This is in addition to interim dividend already paid at Rs9 per share i.e. 90 per cent.
According to the financial results, the bank recorded an increase in net mark-up/interest income to Rs72.77 billion during first nine months of the current year as compared with Rs53.68 billion in the same months of the last year.
Total non mark-up / interest income also increased to Rs22.12 billion as against Rs17.28 billion. Out of non mark-up/interest income the bank made huge gain of Rs7.63 billion as foreign exchange income during first nine months of the current year as compared with Rs2.56 billion in the same period of the last year.
Total income of the bank rose to Rs94.89 billion when compared with Rs70.97 billion.
Operating expenses of the bank grew to Rs37.77 billion from Rs31.2 billion. The bank recorded profit before tax at Rs50.65 billion during January – September 2022 as compared with Rs39.32 billion in the same period of the last year.