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Author: Faisal Shahnawaz

  • Bitcoin to PKR, USD on October 01, 2022

    Bitcoin to PKR, USD on October 01, 2022

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

    One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs4,405,456.59 on October 01, 2022 at 01:30 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs4,421,924.32 at closing on September 30, 2022.

    The rate of Bitcoin in US Dollar (USD) is $19,313.71 on October 01, 2022 at 01:30 PM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $19,385.90 at closing on September 30, 2022.

    READ MORE: Bitcoin to PKR, USD on September 30, 2022

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    Dogecoin to PKR, USD on October 01, 2022

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

    One Dogecoin to PKR is Rs13.96 on October 01, 2022 at 01:30 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs13.99 at closing on September 30, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.06 on October 01, 2022 at 01:30 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 September 30, 2022.

    READ MORE: Dogecoin to PKR, USD on September 30, 2022

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    Ripple to PKR, USD on October 01, 2022

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

    One Ripple (XRP) in Pakistani Rupee (PKR) is Rs108.49 on October 01, 2022 at 01:30 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs108.91 at closing on September 30, 2022.

    The rate of Ripple in US Dollar (USD) is $0.48 on October 01, 2022 at 01:30 PM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.48 at closing on September 30, 2022.

    READ MORE: Ripple to PKR, USD on September 30, 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 October 01, 2022

    Ripple to PKR, USD on October 01, 2022

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

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

    Dogecoin to PKR, USD on October 01, 2022

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

    (more…)
  • LTO Karachi collects PKR 456 billion in 1QFY23

    LTO Karachi collects PKR 456 billion in 1QFY23

    The Large Taxpayers Office (LTO) Karachi, the flagship revenue collection arm of the Federal Board of Revenue (FBR), has demonstrated exceptional performance by collecting a staggering PKR 456.4 billion during the first quarter of the fiscal year 2022/2023 (July – September).

    (more…)
  • Stocks gain 115 points in volatile session

    Stocks gain 115 points in volatile session

    KARACHI: Pakistan stocks gained 115 points on Friday in a volatile trading session during the day.

    The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 41,129 points as compared with previous day’s closing of 41,014 points, showing a gain of 115 points.

    READ MORE: Pakistan stocks witness bloodbath on HBL terror probe

    Analysts at Arif Habib Limited said that the market remained under pressure all day long as investors participated left and right.

    The stock market remained sluggish during the opening half but got active in the second trading session.

    READ MORE: Stocks shed 83 points on rising political noise

    The investors maintained a strategic distance due to political and economic instability, however due to rollover week, hefty volumes were witnessed in the future contracts that led the index close in the green.

    Sectors contributing to the performance include Technology (+80.4 points), E&P’s (+35.6 points), Fertilizer (+24.4 points), Investment Banks (+20.9 points) and Tobacco (+13.0 points).

    READ MORE: Stocks gain 367 points amid clarity on political ground

    Volumes increased from 127.4 million shares to 205.7 million shares (61.4 per cent DoD). The average traded value also increased by 72.1 per cent to US$ 41.6 million as against US$ 24.2 million.

    Stocks that contributed significantly to the volumes are TRG, TPLP, KEL, PIBTL and CNERGY.

    READ MORE: Stocks climb 531 points over PKR recovery

  • Karachi Interbank Offered Rates KIBOR – September 30, 2022

    Karachi Interbank Offered Rates KIBOR – September 30, 2022

    KARACHI: State Bank of Pakistan (SBP) on Friday issued the Karachi Interbank Offered Rates (KIBOR) as on September 30, 2022.

    Following are the latest KIBOR rates:

     TenorBIDOFFER
    1 – Week14.8615.36
    2 – Week14.9115.41
    1 – Month15.0115.51
    3 – Month15.5215.77
    6 – Month15.6615.91
    9 – Month15.6916.19
    1 – Year15.7116.21

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

  • State Bank’s foreign exchange rates – September 30, 2022

    State Bank’s foreign exchange rates – September 30, 2022

    The State Bank of Pakistan (SBP) has issued the foreign exchange rates for September 30, 2022, reflecting the buying and selling prices of various foreign currencies in Pakistani Rupees (PKR).

    (more…)
  • Rupee gains for sixth straight session against dollar; recovers PKR 11.26

    Rupee gains for sixth straight session against dollar; recovers PKR 11.26

    KARACHI: Pakistani Rupee (PKR) made gains for the sixth straight session against the dollar on Friday and recovered PKR 11.26 during the period under review.

    The local unit gained PKR 11.26 against the dollar during the last five sessions. The exchange rate reached a record low of PKR 239.71 on September 22, 2022 to the dollar but ended at PKR 228.45 on September 30, 2022.

    READ MORE: PKR makes recovery against dollar for fourth straight session

    On Friday, the exchange rate witnessed a gain of PKR 1.18 to end at PKR 228.45 to the dollar from the previous day’s closing of PKR 229.63 in interbank foreign exchange market.

    Market analysts said that the assumption of the charge of the finance minister by Ishaq Dar impacted the market positively.

    A day earlier Ishaq Dar took oath as federal minister. Previously, he was known to effectively control the exchange rate in the last tenure of PML (N) government.

    READ MORE: PKR strengthens sharply to dollar during last three sessions

    Meanwhile, the international oil prices also crashed which helped the rupee to make gains.

    It is worth mentioning that the rupee on last Friday recovered against the dollar after witnessing a consecutive 15-session fall.

    During this period the local currency depreciated by PKR 21.10 against the dollar from the interbank closing on September 01, 2022 at PKR 218.60.

    The local currency witnessed the historic low at PKR 239.94 to the dollar on July 28, 2022.

    READ MORE: Dollar tumbles to PKR as market welcomes Dar nomination

    Currency experts said that the rupee recovered because of the contraction in the current account deficit. Pakistan current account deficit recorded a contraction of 19 per cent during the first two months (July – August) of the current fiscal year 2022/2023.

    Further, the experts said that the recent measures taken by the SBP also helped the rupee to gain value.

    However, the rupee failed to get support from the latest announcement of the State Bank of Pakistan (SBP) about the funds of Saudi Arabia.

    The rupee has witnessed a continuous depreciation against the greenback even after the inflows received from the International Monetary Fund (IMF).

    READ MORE: PKR ends 15-day losing streak; recovers against dollar

    The local currency recorded some recovery against the greenback after the IMF fund was transferred to the State Bank of Pakistan (SBP). However, the removal of sanction on import of luxury and non-essential items the rupee again started free fall.

    The currency experts said that although the IMF inflows would help the further inflows under bilateral and multilateral sources. However, the devastation of floods has changed the economic environment scenario.

    The torrential rains and flash floods have inflicted a loss of over $10 billion to Pakistan’s economy. The devastation will prompt the country to make imports in the coming days, especially for agriculture products.

    The rupee also fell due to continuous depletion in foreign exchange reserves of the country.

  • Bitcoin to PKR, USD on September 30, 2022

    Bitcoin to PKR, USD on September 30, 2022

    KARACHI: The exchange rate of Bitcoint (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on September 30, 2022.

    One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs4,405,732.63 on September 30, 2022 at 11:35 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs4,476,321.61 at closing on September 29, 2022.

    The rate of Bitcoin in US Dollar (USD) is $19,457.64 on September 30, 2022 at 11:35 AM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $19,444.05 at closing on September 29, 2022.

    READ MORE: Bitcoin to PKR, USD on September 29, 2022

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    Dogecoin to PKR, USD on September 30, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on September 30, 2022.

    One Dogecoin to PKR is Rs13.74 on September 30, 2022 at 11:35 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs13.87 at closing on September 29, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.06 on September 30, 2022 at 11:35 AM 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 September 29, 2022.

    READ MORE: Dogecoin to PKR, USD on September 29, 2022

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    Ripple to PKR, USD on September 30, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on September 30, 2022.

    One Ripple (XRP) in Pakistani Rupee (PKR) is Rs110.70 on September 30, 2022 at 11:35 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs110.51 at closing on September 29, 2022.

    The rate of Ripple in US Dollar (USD) is $0.49 on September 30, 2022 at 11:35 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.48 at closing on September 29, 2022.

    READ MORE: Ripple to PKR, USD on September 29, 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 September 30, 2022

    Ripple to PKR, USD on September 30, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on September 30, 2022.

    One Ripple (XRP) in Pakistani Rupee (PKR) is Rs110.70 on September 30, 2022 at 11:35 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs110.51 at closing on September 29, 2022.

    The rate of Ripple in US Dollar (USD) is $0.49 on September 30, 2022 at 11:35 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.48 at closing on September 29, 2022.

    READ MORE: Ripple to PKR, USD on September 29, 2022

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    Bitcoin to PKR, USD on September 30, 2022

    KARACHI: The exchange rate of Bitcoint (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on September 30, 2022.

    One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs4,405,732.63 on September 30, 2022 at 11:35 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs4,476,321.61 at closing on September 29, 2022.

    The rate of Bitcoin in US Dollar (USD) is $19,457.64 on September 30, 2022 at 11:35 AM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $19,444.05 at closing on September 29, 2022.

    READ MORE: Bitcoin to PKR, USD on September 29, 2022

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    Dogecoin to PKR, USD on September 30, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on September 30, 2022.

    One Dogecoin to PKR is Rs13.74 on September 30, 2022 at 11:35 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs13.87 at closing on September 29, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.06 on September 30, 2022 at 11:35 AM 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 September 29, 2022.

    READ MORE: Dogecoin to PKR, USD on September 29, 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.