Author: Faisal Shahnawaz

  • Bitcoin to Pakistani Rupee on September 08, 2022

    Bitcoin to Pakistani Rupee on September 08, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs4,323,236.79 on September 08, 2022 at 7:00 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs4,334,985.75 at closing on September 07, 2022.

    The rate of Bitcoin in US Dollar (USD) is $19,288.91 on September 08, 2022 at 7:00 AM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $19,341.33 at closing on September 07, 2022.

    Bitcoin to Pakistani Rupee on September 07, 2022

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    Dogecoin to Pakistani Rupee on September 08, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) is Rs13.69 on September 08, 2022 at 7:00 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs13.70 at closing on September 07, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.06 on September 08, 2022 at 7:00 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 07, 2022.

    Dogecoin to Pakistani Rupee on September 07, 2022

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    Ripple to Pakistani Rupee on September 08, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) is Rs75.03 on September 08, 2022 at 7:00 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs75.53 at closing on September 07, 2022.

    The rate of Ripple in US Dollar (USD) is $0.33 on September 08, 2022 at 7:00 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.34 at closing on September 07, 2022.

    Ripple to Pakistani Rupee on September 07, 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 Pakistani Rupee on September 08, 2022

    Ripple to Pakistani Rupee on September 08, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) is Rs75.03 on September 08, 2022 at 7:00 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs75.53 at closing on September 07, 2022.

    The rate of Ripple in US Dollar (USD) is $0.33 on September 08, 2022 at 7:00 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.34 at closing on September 07, 2022.

    Ripple to Pakistani Rupee on September 07, 2022

    —————————————————————————

    Bitcoin to Pakistani Rupee on September 08, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs4,323,236.79 on September 08, 2022 at 7:00 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs4,334,985.75 at closing on September 07, 2022.

    The rate of Bitcoin in US Dollar (USD) is $19,288.91 on September 08, 2022 at 7:00 AM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $19,341.33 at closing on September 07, 2022.

    Bitcoin to Pakistani Rupee on September 07, 2022

    —————————————————————————

    Dogecoin to Pakistani Rupee on September 08, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) is Rs13.69 on September 08, 2022 at 7:00 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs13.70 at closing on September 07, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.06 on September 08, 2022 at 7:00 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 07, 2022.

    Dogecoin to Pakistani Rupee on September 07, 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.

  • Dogecoin to Pakistani Rupee on September 08, 2022

    Dogecoin to Pakistani Rupee on September 08, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) is Rs13.69 on September 08, 2022 at 7:00 AM Pakistan Standard Time (PST), in the open exchange market.

    (more…)
  • How to change personal details for filing income tax return

    How to change personal details for filing income tax return

    Many taxpayers are worried about changing their personal details in the registration information with Federal Board of Revenue (FBR).

    The information is key to file income tax return. Any wrong information may lead to serious problem in future.

    READ MORE: KTBA recommends changes in IRIS for calculating deemed income on properties

    However, those taxpayers who are registered with the FBR and want to change their personal details they must read the entire article.

    According to the FBR, a person can change registration information recorded for filing Income Tax Return in three (3) possible ways.

    Changing information through Iris, a person can change/update information by logging into Iris.

    READ MORE: KTBA demands suspending further tax due to practical issues

    Following information can be updated by the person through Registration Form 181 (filed for modification) Income Tax: Mobile number; Email; Personal/Residential Address; Business Address; Addition of Business Branches; Legal Representative u/s 87 of Income Tax Ordinance 2001; Bank Account.

    Changing information through FBR helpline, a person can also change or update information through FBR helpline via phone or email.

    READ MORE: FBR gets 3.38 million active taxpayers by August 28, 2022

    Following information can be updated through the helpline: Name; Date of Birth; Gender; Disability Status; Senior Citizen Status; Changing Information by visiting Regional Tax Office (RTO).

    For changes in registration regarding the following issues, the person will have to visit their relevant RTO: Discontinuance of business; Jurisdiction for Income Tax Return assessment; Deregistration; Updating CNIC number; Updating Pakistan Origin Card (POC).

    A person will have to take relevant documents to RTO in order to successfully change details regarding Income Tax Registration.

  • Apple unveils Watch Ultra Pro with new design

    Apple unveils Watch Ultra Pro with new design

    CUPERTINO, CALIFORNIA: Apple today announced Apple Watch Ultra, which brings a new bold design and a wide range of features built for endurance, exploration, and adventure. Apple Watch Ultra introduces a 49mm titanium case and flat sapphire front crystal that reveals the biggest and brightest Apple Watch display yet. A customizable Action button offers instant access to a wide range of useful features. Apple Watch Ultra has the best battery life of any Apple Watch, reaching up to 36 hours during normal use.

    Additionally, a new low-power setting, ideal for multi-day experiences, can extend battery life to reach up to 60 hours. The Wayfinder watch face is designed specifically for the larger Apple Watch Ultra display and includes a compass built into the dial, with space for up to eight complications. Apple Watch Ultra also brings three new bands — Trail Loop, Alpine Loop, and Ocean Band — offering unique design features that provide a secure and comfortable fit for every adventure.

    READ MORE: Date to unveil Apple’s iPhone 14

    Apple Watch Ultra is available to order today, with availability beginning Friday, September 23.

    “Inspired by explorers and athletes from around the world, we created an entirely new category of Apple Watch designed for new and extreme environments — it’s the most rugged and capable Apple Watch yet,” said Jeff Williams, Apple’s chief operating officer. “Apple Watch Ultra is a versatile tool that empowers users to push their boundaries with adventure, endurance, and exploration.”

    Made from aerospace-grade titanium, Apple Watch Ultra provides the perfect balance of weight, durability, and corrosion resistance. The case rises up to surround all edges of the flat sapphire front crystal, protecting the Retina display, which is up to 2000 nits — 2x brighter than any Apple Watch display yet. The new Action button in high-contrast international orange is easily customized for instant access to a variety of features, including Workouts, Compass Waypoints, Backtrack, and more.

    Apple Watch Ultra has three built-in microphones to significantly improve sound quality in voice calls during any conditions. An adaptive beamforming algorithm uses the microphones to capture voice while reducing ambient background sounds, resulting in remarkable clarity. In challenging windy environments, Apple Watch Ultra uses advanced wind noise-reduction algorithms, including machine learning, to deliver clear and intelligible audio for calls.

    Designed specifically for endurance athletes and runners, the Trail Loopband is the thinnest Apple Watch band to date. The lightweight woven textile is both soft and flexible, allowing it to cinch to the optimal fit, and the convenient tab is designed for quick and easy adjustment.

    With explorers in mind, the Alpine Loop band features two integrated layers made from one continuous weaving process that eliminates the need for stitching. The top loops, interspersed with high-strength yarn, provide adjustability and a secure attachment for the titanium G-hook fastener.

    The Ocean Bandis designed specifically for extreme water sports and recreational diving with a titanium buckle and corresponding spring-loaded loop. Molded from a flexible fluoroelastomer, it stretches and utilizes the tubular geometry for a secure fit. The Ocean Band also has an optional extra-long tail that allows users to comfortably wear over a wetsuit.

    Apple Watch Ultra is an incredible tool for endurance athletes or those who aspire to push beyond their limits. For the first time ever in an Apple Watch, the precision dual-frequency GPS integrates both L1 and the latest frequency, L5, plus new positioning algorithms. Apple Watch Ultra delivers the most accurate GPS of any Apple Watch to date, providing users the most precise distance, pace, and route data for training and competing.

    READ MORE: Apple announces Self Service Repair for MacBooks

    Apple Watch Ultra is powered by watchOS 9, which includes new advanced running metrics to measure performance, like Stride Length, Ground Contact Time, Vertical Oscillation, and Running Power. New Workout Views, such as Segments, Splits, and Elevation, provide important metrics at just a glance, and thanks to the larger display, Apple Watch Ultra is the only Apple Watch that can show six metrics at once. Users can take their training to the next level with features such as Heart Rate Zones, Custom Workouts, Pacer, and, coming later this year, Race Route. For triathlons, duathlons, or activities with any sequence of swimming, biking, or running, the new Multisport workout includes autodetection to easily switch between workouts. Apple Watch Ultra has enough battery life for most users to complete a long-course triathlon, consisting of a 2.4-mile swim, 112-mile bike ride, and full marathon at 26.2 miles.

    The Action button can instantly begin workouts and move users to the next interval of a Custom Workout or the next leg of a Multisport workout. It can also be used to mark segments, complementing the new Track running experience, which automatically provides the ultimate pacing and distance estimates for runners at a track.

    Apple Watch Ultra is designed for water sports, including extreme activities like kitesurfing and wakeboarding, along with recreational scuba diving to 40 meters with the new Oceanic+ app. To support these underwater adventures, Apple Watch Ultra is certified to WR100. Apple Watch Ultra is also certified to EN 13319, which is an internationally recognized standard for dive accessories, including depth gauges that are relied upon by recreational divers around the world.5

    Utilizing a new depth gauge, Apple Watch Ultra features a Depth app designed with an intuitive user interface. With just a glance, the Depth app displays time, current depth, water temperature, duration under water, and max depth reached. Users can program the Action button to instantly launch the Depth app.

    In partnership with Huish Outdoors, known for delivering innovative and reliable equipment for recreational diving, the new Oceanic+ app turns Apple Watch Ultra into a capable dive computer. Available from the App Store later this fall, the app runs the Bühlmann decompression algorithm, and includes dive planning, easy-to-read dive metrics, visual and haptic alerts, no-decompression limit, ascent rate, and safety stop guidance. Oceanic+ also offers a personalized user profile, reports on current and local dive conditions, and a dive logbook that can be shared with family and friends and automatically syncs to iPhone.

    “We’re thrilled to partner with Apple to combine our world-renowned expertise in scuba with the unique capability of Apple Watch Ultra to turn the same everyday watch into an innovative dive computer,” said Mike Huish, CEO of Huish Outdoors. “With Oceanic+, Apple Watch Ultra users can enjoy a new and enriched experience during scuba activities.”

    Apple Watch Ultra includes all of the connectivity, activity, and health features that have made Apple Watch the best-selling smartwatch in the world — from heart rate monitoring and the ECG and Blood Oxygen apps, to Activity rings and Mindfulness, along with additional health, safety, and navigation features.

    Apple Watch Ultra features innovative new temperature-sensing capabilities that enable further insights into women’s health. The unique two-sensor design reduces bias from the outside environment and the body itself. Utilizing the new capabilities, users can receive retrospective ovulation estimates, which can be helpful for family planning. Temperature sensing also enables improved period predictions for users who menstruate. With iOS 16 and watchOS 9, Cycle Tracking users can now receive a notification if their logged cycle history shows a possible deviation, which can be a symptom of underlying health conditions.

    Using two new motion sensors and an advanced sensor-fusion algorithm, Apple Watch can detect a severe car crash with Crash Detection. When Apple Watch detects a severe car crash, the device will check in with the user and dial emergency services if they are unresponsive after a 10-second countdown. Emergency responders will receive the user’s device location, which is also shared with emergency contacts.

  • Pakistan stocks shed 94 points on PKR depreciation

    Pakistan stocks shed 94 points on PKR depreciation

    KARACHI: Pakistan stocks declined by 94 points on Wednesday due to continuous depreciation in value of Pakistani Rupee (PKR) against the dollar.

    The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 41,766 points from previous day’s closing of 41,860 points, showing a decline of 94 points.

    READ MORE: Pakistan stocks end flat amid rupee depreciation

    Analysts at Arif Habib Limited said that the PSX observed a range bound session today due to continuous depreciation of PKR against US dollar.

    The local currency witnessed a continuous decline against the greenback. The rupee ended at Rs223.42 to the dollar at interbank closing on September 7, 2022.

    READ MORE: Pakistan stocks plunge by 450 points on GDP forecast

    The analysts said that the benchmark KSE-100 index despite opening in the positive zone failed to continue the momentum as investors’ participation remained sluggish that led the index to close in the red zone.

    Volumes continued to decline in the main board although decent volumes were observed in the 3rd tier stocks.

    READ MORE: Weekly Review: investors to remain cautious over socio-economic situation

    Sectors contributing to the performance include Fertilizer (-32.8 points), Banks (-21.3 points), Technology (-17.5 points), Cement (-16.8 points) and E&P’s (-16.3 points).

    Volumes decreased from 187.3 million shares to 92.9 million shares (-50.4 per cent DoD). Average traded value also decreased by 21.4 per cent to reach US$ 14.1 million as against US$ 18.0 million.

    Stocks that contributed significantly to the volumes are HASCOL, PRL, CNERGY, UNITY and TPLP.

    READ MORE: Pakistan stocks shed 151 points in range bound trading

  • SBP issues KIBOR rates – September 07, 2022

    SBP issues KIBOR rates – September 07, 2022

    KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as on September 07, 2022.

    Following are the latest KIBOR rates:

     TenorBIDOFFER
    1 – Week14.7915.29
    2 – Week14.8715.37
    1 – Month15.0415.54
    3 – Month15.6715.92
    6 – Month15.7516.00
    9 – Month15.8016.30
    1 – Year15.8416.34

    READ MORE: SBP issues KIBOR rates – September 06, 2022

  • Meezan Bank starts online payment gateway services

    Meezan Bank starts online payment gateway services

    KARACHI: Meezan Bank has launched Point of Sale (POS) payment and online payment gateway services to further enhance its digital retail offering and fast-track the country’s digital ecosystem, a statement said on Wednesday.

    The Bank will act as a link between merchants, issuers and payment networks by offering them state-of-the-art POS machines and make cashless transactions available over the counters, enabling retailers to benefit from the adoption of digital payments.

    The POS machines support acceptance of local and international cards, card and mobile tap payments and integration with the retailer system. With the launch of POS and e-Commerce Acquiring services, Meezan Bank will now be able to digitize payments for a large number of unserved retail customers who prefer Islamic banking.

    A ceremony was recently held at Meezan Bank’s Head Office to acknowledge the contribution of the key individuals in this project. This ceremony was attended by Ariful Islam – Deputy CEO, Meezan Bank and other senior team members.

    Commenting on this occasion Ariful Islam said, “Meezan Bank is actively working towards modernizing retail services in the country through enhanced digital offerings and documentation in the economy. We are confident that our recently launched merchant acquiring services will accelerate digital payments.”

    Meezan Bank is the leading Islamic bank of Pakistan and also one of the largest banks nationwide in terms of branch network as well as deposits. With a network of over 930 branches in more than 300 cities, it has the largest Islamic banking network in Pakistan.

    Meezan Bank has consistently been recognized as the Best Islamic Bank in Pakistan by numerous local and international institutions including its recognition as the ‘Best Bank – 2020’ by Pakistan Banking Awards – the most prestigious award in the country’s financial sector and by Islamic Finance News – Malaysia, Global Finance magazine – New York, Asset AAA – Hong Kong, Asiamoney – Hong Kong,

    the Banker – United Kingdom, South Asian Federation of Accountants, Islamic Finance Forum of South Asian Awards, – Dawn & IBP Pakistan, Employers Federation of Pakistan and CFA Association – Pakistan.

    The VIS Credit Rating Company Limited (formerly JCR-VIS Credit Rating Company) has upgraded the Bank’s entity rating to the highest possible level of ‘AAA/A1+’. This rating denotes the highest possible credit quality, with negligible risk factors, being only slightly more than for risk-free debt of the Government of Pakistan.

  • Dollar strengthens to PKR 223.42 at interbank closing

    Dollar strengthens to PKR 223.42 at interbank closing

    KARACHI: The US dollar maintained upward momentum against the Pakistani Rupee (PKR) on Wednesday and ended at PKR 223.42 at interbank foreign exchange market.

    The exchange rate recorded a decline of Rs2 in rupee value to end at Rs223.42 against the dollar from previous day’s closing of Rs221.42 in the interbank foreign exchange market.

    READ MORE: Dollar continues upward journey; ends at PKR 221.42 in interbank

    It is pertinent to mention that the rupee fell to the record low at Rs239.94 against the dollar on July 28, 2022.

    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.

    It is worth mentioning that the rupee made recovery during the last week owing to inflows of $1.16 billion from the International Monetary Fund (IMF).

    READ MORE: Dollar ends up to PKR 219.86 on September 05, 2022

    The IMF executive board on August 29 approved seventh and eighth review for Pakistan and allowed transfer of $1.1 billion as tranche, which was received by the State Bank of Pakistan (SBP) on August 31, 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 $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.

    The foreign exchange (FX) reserves of Pakistan have declined by $119 million to $13.40 billion by the week ended August 26, 2022. The foreign exchange reserves of the country were at $13.522 billion by the week ended August 19, 2022.

    READ MORE: Dollar jumps to PKR 218.98 at interbank closing on Sept 02, 2022

    The country’s foreign exchange reserves hit an all-time high of $27.228 billion on August 27, 2021. Since then the foreign exchange reserves have declined by $13.825 billion.

    The official foreign exchange reserves of the State Bank witnessed a decline of $113 million to $7.697 billion by the week ended August 26, 2022 as against $7.810 billion a week ago.

    The foreign exchange reserves held by the central bank witnessed a record high at $20.146 billion by the week ended August 27, 2021. Since then the official reserves of the SBP dropped by $12.449 billion.

    The central bank however said it had received proceeds of $1.16 billion (equivalent of SDR 894 million) from IMF under the Extended Fund Facility (EFF) on August 31, 2022 which would be included in SBP’s foreign exchange reserve position for the week ending on September 02, 2022.

    READ MORE: Dollar closes down to PKR 218.60 on September 01, 2022

  • State Bank’s foreign exchange rates – September 07, 2022

    State Bank’s foreign exchange rates – September 07, 2022

    KARACHI – The State Bank of Pakistan (SBP) has provided customers with the latest foreign exchange rates for September 07, 2022.

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