KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on September 20, 2022.
(more…)Author: Faisal Shahnawaz
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Dogecoin to PKR, USD on September 20, 2022
KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on September 20, 2022.
One Dogecoin to PKR is Rs13.91 on September 20, 2022 at 07:10 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs13.97 at closing on September 19, 2022.
The rate of Dogecoin in US Dollar (USD) is $0.06 on September 20, 2022 at 07:10 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 19, 2022.
READ MORE: Dogecoin to PKR, USD on September 19, 2022
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Ripple to PKR, USD on September 20, 2022
KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on September 20, 2022.
One Ripple (XRP) in Pakistani Rupee (PKR) is Rs90.12 on September 20, 2022 at 07:10 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs91.67 at closing on September 19, 2022.
The rate of Ripple in US Dollar (USD) is $0.38 on September 20, 2022 at 07:10 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.38 at closing on September 19, 2022.
READ MORE: Ripple to PKR, USD on September 19, 2022
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Bitcoin to PKR, USD on September 20, 2022
KARACHI: The exchange rate of Bitcoint (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on September 20, 2022.
One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs4,646,777.24 on September 20, 2022 at 07:10 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs4,670,331.82 at closing on September 19, 2022.
The rate of Bitcoin in US Dollar (USD) is $19,507.88 on September 20, 2022 at 07:10 AM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $19,606.77 at closing on September 19, 2022.
READ MORE: Bitcoin to PKR, USD on September 19, 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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School children to promote income tax return filing
The school children have started motivating their parents to file income tax returns for Tax Year 2022. In this regard Saint Patrick’s High School, Karachi asked a question in the assembly session on September 19, 2022 about the last date of filing income tax return.
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Karachi Interbank Offered Rates KIBOR – September 19, 2022
KARACHI: State Bank of Pakistan (SBP) on Monday issued the Karachi Interbank Offered Rates (KIBOR) as on September 19, 2022.
Following are the latest KIBOR rates:
Tenor BID OFFER 1 – Week 14.93 15.43 2 – Week 14.99 15.49 1 – Month 15.09 15.59 3 – Month 15.83 16.08 6 – Month 15.85 16.10 9 – Month 15.88 16.38 1 – Year 15.91 16.41 READ MORE: Karachi Interbank Offered Rates KIBOR – September 16, 2022
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PKR plunges for 12th session; Dollar ends at PKR 237.91
KARACHI: Pakistani Rupee (PKR) plunged for 12th consecutive session against the dollar on Monday to end at PKR 237.91 in the interbank foreign exchange market.
The exchange rate witnessed a decline of PKR 1.07 in rupee value to end at PKR 237.91 as compared with last Friday’s closing of PKR 236.84 in the interbank foreign exchange market.
READ MORE: Dollar rallies for 11th straight session; ends PKR 236.84 at interbank
The local currency recorded a decline of Rs19.31 or 8.83 per cent during the past 12 sessions from Rs218.60 against the dollar on September 01, 2022.
Currency experts said that mounting dollar demand for import and corporate payments was pressurizing the local currency.
Furthermore, the political uncertainty is also destabilizing the local unit against the greenback.
It is worth mentioning that the rupee recorded all-time low of Rs239.94 on July 28, 2022.
The rupee failed to get support from the latest announcement of the State Bank of Pakistan (SBP) about the funds of Saudi Arabia.
READ MORE: Rupee devaluation continues; Dollar jumps to PKR 235.88
Saudi Fund for Development (SFD) has confirmed rollover of $3 billion deposit maturing on December 05, 2022 for one year. Deposit is placed with SBP and is part of its forex reserves. This reflects continuing strong and special relationship between KSA and Pakistan, according to the SBP.
The rupee has witnessed a continuous depreciation against the greenback even after the inflows received from the International Monetary Fund (IMF).
READ MORE: Pakistani Rupee declines for ninth straight session; Dollar ends at PKR 234.32
The rupee made 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.
READ MORE: Dollar surges to PKR 233.50 in midday interbank on September 14, 2022
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.
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Amreli Steels extends shutdown of production plants
KARACHI: Amreli Steels Limited on Monday announced to continue its shutdown of production plants up to September 30, 2022.
“The company will resume its production from October 01, 2022,” according to a communication received by the Pakistan Stock Exchange (PSX).
It further said that the company had sufficient stocks in hand to meet its customers’ demand during the period of shutdown.
READ MORE: Amreli Steels stops all production facilities
Previously, on August 31, 2022 the company decided to shut down its plants for twenty days owing to low demand of steel bars in the country due to unprecedented monsoon rains and flash floods witnessed across the country.
Therefore, the company decided that no manufacturing would take place from August 31, 2022 to September 19, 2022.
Through the latest communication, the company decided to shut down the plant for further 10 days as sufficient stocks were available to meet demands.
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State Bank’s foreign exchange rates – September 19, 2022
On Monday, September 19, 2022, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, indicating the buying and selling prices of various currencies against the Pakistani Rupee (PKR).
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Dollar surges to PKR 238 at midday interbank
KARACHI: The US dollar surged to Pakistani Rupee (PKR) at 238 at midday interbank foreign exchange market on Monday.
The foreign currency started the week to continue the gaining momentum of past 11 sessions against the local currency.
READ MORE: Dollar rallies for 11th straight session; ends PKR 236.84 at interbank
US dollar made so far another PKR 1.16 to trade at PKR 238 from last Friday’s closing of PKR 236.84 in the interbank foreign exchange market.
Currency experts said that the falling foreign exchange reserves and high import payment pressured the local currency.
READ MORE: Rupee devaluation continues; Dollar jumps to PKR 235.88
They said that usually dollar demand remained higher by end of each quarter due to oil payments and demand from corporate sector.
Furthermore, they said that the recent statement of Finance Minister Miftah Ismail regarding lack of inflows from friendly countries also sent disappointments to the currency market.
It is worth mentioning that the rupee recorded all-time low of Rs239.94 on July 28, 2022.
READ MORE: Pakistani Rupee declines for ninth straight session; Dollar ends at PKR 234.32
The rupee has witnessed a continuous depreciation against the greenback even after the inflows received from the International Monetary Fund (IMF).
The rupee made 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.
READ MORE: Dollar surges to PKR 233.50 in midday interbank on September 14, 2022
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.
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Bitcoin to PKR, USD on September 19, 2022
KARACHI: The exchange rate of Bitcoint (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on September 19, 2022.
One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs4,168,110.07 on September 19, 2022 at 08:50 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs4,313,171.15 at closing on September 18, 2022.
The rate of Bitcoin in US Dollar (USD) is $18,773.67 on September 19, 2022 at 08:50 AM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $19,436.17 at closing on September 18, 2022.
READ MORE: Bitcoin to PKR, USD on September 18, 2022
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Dogecoin to PKR, USD on September 19, 2022
KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on September 19, 2022.
One Dogecoin to PKR is Rs112.91 on September 19, 2022 at 08:50 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs12.75 at closing on September 18, 2022.
The rate of Dogecoin in US Dollar (USD) is $0.06 on September 19, 2022 at 08:50 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 18, 2022.
READ MORE: Dogecoin to PKR, USD on September 18, 2022
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Ripple to PKR, USD on September 19, 2022
KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on September 19, 2022.
One Ripple (XRP) in Pakistani Rupee (PKR) is Rs80.81 on September 19, 2022 at 08:50 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs80.67 at closing on September 18, 2022.
The rate of Ripple in US Dollar (USD) is $0.36 on September 19, 2022 at 08:50 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.36 at closing on September 18, 2022.
READ MORE: Ripple to PKR, USD on September 18, 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 September 19, 2022
KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) on September 19, 2022.
One Ripple (XRP) in Pakistani Rupee (PKR) is Rs80.81 on September 19, 2022 at 08:50 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs80.67 at closing on September 18, 2022.
The rate of Ripple in US Dollar (USD) is $0.36 on September 19, 2022 at 08:50 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.36 at closing on September 18, 2022.
READ MORE: Ripple to PKR, USD on September 18, 2022
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Bitcoin to PKR, USD on September 19, 2022
KARACHI: The exchange rate of Bitcoint (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on September 19, 2022.
One Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs4,168,110.07 on September 19, 2022 at 08:50 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs4,313,171.15 at closing on September 18, 2022.
The rate of Bitcoin in US Dollar (USD) is $18,773.67 on September 19, 2022 at 08:50 AM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $19,436.17 at closing on September 18, 2022.
READ MORE: Bitcoin to PKR, USD on September 18, 2022
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Dogecoin to PKR, USD on September 19, 2022
KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) on September 19, 2022.
One Dogecoin to PKR is Rs112.91 on September 19, 2022 at 08:50 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs12.75 at closing on September 18, 2022.
The rate of Dogecoin in US Dollar (USD) is $0.06 on September 19, 2022 at 08:50 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 18, 2022.
READ MORE: Dogecoin to PKR, USD on September 18, 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.