KARACHI: State Bank of Pakistan (SBP) on Thursday issued the Karachi Interbank Offered Rates (KIBOR) as on September 01, 2022.
Following are the latest KIBOR rates:
| Tenor | BID | OFFER |
| 1 – Week | 14.97 | 15.47 |
| 2 – Week | 15.03 | 15.53 |
| 1 – Month | 15.11 | 15.61 |
| 3 – Month | 15.68 | 15.93 |
| 6 – Month | 15.75 | 16.00 |
| 9 – Month | 15.79 | 16.29 |
| 1 – Year | 15.85 | 16.35 |
KARACHI: Pakistan stock ended in green on Thursday after the central bank received a tranche from the International Monetary Fund (IMF).
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 42,460 points from previous day’s close of 42,351 points, showing an increase of 109 points.
READ MORE: Stocks end up 156 points amid political noise
Analysts at Arif Habib Limited said that the market witnessed a positive session today as Pakistan received the first tranche of the extended fund facility from the International Monetary Fund.
The State Bank of Pakistan (SBP) a day earlier received $1.16 billion from IMF under Extended Fund Facility.
SBP in a Tweet said that it had received proceeds of $1.16 billion (equivalent of SDR 894 million) after the IMF Executive Board completed the combined seventh and Eight review under the EFF for Pakistan.
READ MORE: Pakistan stocks plunge despite IMF program revival
“This will help improve SBP’s foreign exchange reserves and will also facilitate realization of other planned inflows from multilateral and bilateral sources,” according to the Tweet.
Earlier, on August 29, 2022 the executive board of the IMF completed the combined seventh and eighth reviews of the Extended Arrangement under the EFF for Pakistan.
Investors participation remained active throughout the day, healthy volumes were observed while the cement sector remained in the limelight.
READ MORE: Stocks slip on mounting inflation concerns
Sectors contributing to the performance include Cements (+89.8 points), Banks (+19.5 points), Technology (+18.8 points), Leather (+10.8 points) and Investment Banks (+8.0 points).
Volumes increased from 181.3 million shares to 248.2 million shares (+36.9 per cent DoD). Average traded value also increased by 11.2 per cent to reach US$ 36.7 million as against US$ 33.0 million.
Stocks that contributed significantly to the volumes are CNERGY, MLCF, FCCL, KAPCO and PRL.
READ MORE: Weekly Review: Pakistan stocks likely trade in green
KARACHI: The US dollar fell by 15 paisas against the Pakistani Rupee (PKR) to end at Rs218.60 at closing of interbank foreign exchange market on Thursday.
The exchange rate witnessed an appreciation of 15 paisas in rupee value to end at Rs218.60 against the dollar from previous day’s closing of Rs218.75 in the interbank foreign exchange market.
READ MORE: Dollar slips to PKR 218.75 at interbank closing on August 31, 2022
Currency experts said that the rupee was strengthened against the dollar due to inflows of $1.16 billion from International Monetary Fund (IMF) under Extended Fund Facility (EFF).
The State Bank of Pakistan (SBP) a day earlier informed that it had received the amount from the IMF. On August 29, 2022, the executive board of the IMF completed its Seventh and Eighth review for Pakistan.
This will take total disbursement by IMF under the EFF program to $3.9 billion to Pakistan and will help support foreign exchange reserves of the country.
READ MORE: Dollar falls to PKR 220.12 at interbank closing on August 30, 2022
The rupee fell to the historic low of Rs239.94 against the dollar on July 28, 2022.
The currency market witnessed a non-stop depreciation in rupee value since the government lifted the ban on import of luxury and non-essential items. Besides, the prices of international oil are also seeing a rising trend.
The government on August 20, 2022 withdrew the ban on import of luxury and non-essential items. The government on May 19, 2022 imposed this ban in the wake of massive depreciation in rupee value and significant depletion of foreign exchange reserves.
The rupee witnessed a continuous decline against the dollar since the government lifted the ban. The local currency depreciated continuously during the week (August 22 – August 26) and fell Rs6.01 or 2.8 per cent during the period.
READ MORE: Dollar strengthens to PKR 221.92 amid political uncertainty
The currency experts said that the vertical decline in foreign exchange reserves also put pressure on rupee value.
Pakistan’s foreign exchange reserves fell by $91 million to $13.522 billion by the week ended August 19, 2022. The foreign exchange reserves of the country were at $13.613 billion a week ago i.e. August 12, 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 $13.703 billion.
READ MORE: Dollar surges to PKR 220.66 ahead IMF board meeting
The official foreign exchange reserves of the State Bank witnessed a decline of $87 million to $7.81 billion by the week ended August 19, 2022 as against $7.897 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 declined by $12.336 billion.
The State Bank of Pakistan (SBP) has disclosed the foreign exchange rates for September 01, 2022, providing crucial information about the buying and selling prices of various foreign currencies in Pakistani Rupees (PKR).
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KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs4,366,487.07 on September 01, 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 Rs4,398,461.45 at closing on August 31, 2022.
The rate of Bitcoin in US Dollar (USD) is $20,012.18 on September 01, 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 $20,158.72 at closing on August 31, 2022.
Bitcoin to Pakistani Rupee on August 31, 2022
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Dogecoin to Pakistani Rupee on September 01, 2022
KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) is Rs13.33 on September 01, 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 Rs13.49 at closing on August 31, 2022.
The rate of Dogecoin in US Dollar (USD) is $0.06 on September 01, 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 August 31, 2022.
Dogecoin to Pakistani Rupee on August 31, 2022
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Ripple to Pakistani Rupee on September 01, 2022
KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) is Rs71.27 on September 01, 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 Rs71.96 at closing on August 31, 2022.
The rate of Ripple in US Dollar (USD) is $0.33 on September 01, 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 $0.33 at closing on August 31, 2022.
Ripple to Pakistani Rupee on August 31, 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.
KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) is Rs71.27 on September 01, 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 Rs71.96 at closing on August 31, 2022.
The rate of Ripple in US Dollar (USD) is $0.33 on September 01, 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 $0.33 at closing on August 31, 2022.
Ripple to Pakistani Rupee on August 31, 2022
—————————————————————————
Bitcoin to Pakistani Rupee on September 01, 2022
KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs4,366,487.07 on September 01, 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 Rs4,398,461.45 at closing on August 31, 2022.
The rate of Bitcoin in US Dollar (USD) is $20,012.18 on September 01, 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 $20,158.72 at closing on August 31, 2022.
Bitcoin to Pakistani Rupee on August 31, 2022
—————————————————————————
Dogecoin to Pakistani Rupee on September 01, 2022
KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) is Rs13.33 on September 01, 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 Rs13.49 at closing on August 31, 2022.
The rate of Dogecoin in US Dollar (USD) is $0.06 on September 01, 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 August 31, 2022.
Dogecoin to Pakistani Rupee on August 31, 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.
KARACHI: The exchange rate of Dogecoin (DOGE) in Pakistani Rupee (PKR) is Rs13.33 on September 01, 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 Rs13.49 at closing on August 31, 2022.
The rate of Dogecoin in US Dollar (USD) is $0.06 on September 01, 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 August 31, 2022.
—————————————————————————–
Ripple to Pakistani Rupee on September 01, 2022
KARACHI: The exchange rate of Ripple (XRP) in Pakistani Rupee (PKR) is Rs71.27 on September 01, 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 Rs71.96 at closing on August 31, 2022.
The rate of Ripple in US Dollar (USD) is $0.33 on September 01, 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 $0.33 at closing on August 31, 2022.
—————————————————————————
Bitcoin to Pakistani Rupee on September 01, 2022
KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) is Rs4,366,487.07 on September 01, 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 Rs4,398,461.45 at closing on August 31, 2022.
The rate of Bitcoin in US Dollar (USD) is $20,012.18 on September 01, 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 $20,158.72 at closing on August 31, 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.
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as on August 31, 2022.
Following are the latest KIBOR rates:
| Tenor | BID | OFFER |
| 1 – Week | 14.97 | 15.47 |
| 2 – Week | 15.01 | 15.51 |
| 1 – Month | 15.10 | 15.60 |
| 3 – Month | 15.67 | 15.92 |
| 6 – Month | 15.75 | 16.00 |
| 9 – Month | 15.79 | 16.29 |
| 1 – Year | 15.85 | 16.35 |
KARACHI: The US dollar slipped to Pakistan Rupee (PKR) 218.75 at the closing of interbank foreign exchange market on Wednesday.
The exchange rate witnessed an appreciation of Rs1.37 to end at Rs218.75 to the dollar from previous day’s closing of Rs220.12 in the interbank foreign exchange market.
READ MORE: Dollar falls to PKR 220.12 at interbank closing on August 30, 2022
Currency experts said that the market was remained optimistic due to resumption of bailout package by the International Monetary Fund (IMF).
On August 29, 2022, the executive board of the IMF completed its Seventh and Eighth review for Pakistan under the Extended Fund Facility (EFF) which is likely to lead to the release of $1.1 billion tranche. This will take total disbursement by IMF under the EFF program to $3.9 billion to Pakistan and will help support foreign exchange reserves of the country.
The rupee fell to the historic low of Rs239.94 against the dollar on July 28, 2022.
READ MORE: Dollar strengthens to PKR 221.92 amid political uncertainty
The currency market witnessed a non-stop depreciation in rupee value since the government lifted the ban on import of luxury and non-essential items. Besides, the prices of international oil are also seeing a rising trend.
The government on August 20, 2022 withdrew the ban on import of luxury and non-essential items. The government on May 19, 2022 imposed this ban in the wake of massive depreciation in rupee value and significant depletion of foreign exchange reserves.
The rupee witnessed a continuous decline against the dollar since the government lifted the ban. The local currency depreciated continuously during the week (August 22 – August 26) and fell Rs6.01 or 2.8 per cent during the period.
The currency experts said that the vertical decline in foreign exchange reserves also put pressure on rupee value.
READ MORE: Dollar surges to PKR 220.66 ahead IMF board meeting
Pakistan’s foreign exchange reserves fell by $91 million to $13.522 billion by the week ended August 19, 2022. The foreign exchange reserves of the country were at $13.613 billion a week ago i.e. August 12, 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 $13.703 billion.
READ MORE: Pakistani Rupee falls for 4th day; dollar climbs up to Rs219.14
The official foreign exchange reserves of the State Bank witnessed a decline of $87 million to $7.81 billion by the week ended August 19, 2022 as against $7.897 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 declined by $12.336 billion.
KARACHI: Amreli Steels Limited on Wednesday announced to shut down all production facilities with immediate effect for about 20 days.
In a communication sent to Pakistan Stock Exchange (PSX), the company informed about the shutdown of its plants.
“The company has decided to shut down its plants for twenty days owing to low demand of steel bars in the country due to unprecedented monsoon and flash floods witnessed across the country,” the company said.
Consequently, no manufacturing will take place from August 31 to September 19, 2022.
The resumption of operations or further extension in production suspension (as the case may be) will be communicated accordingly, it added.
The company stated that this information was being conveyed in accordance with the requirements of Regulations of Pakistan Stock Exchange Limited (PSX) and the applicable provisions of the Securities Act, 2015.