Pkrevenue.com

Author: Faisal Shahnawaz

  • Rupee falls 15 paisas to dollar in interbank

    Rupee falls 15 paisas to dollar in interbank

    KARACHI: The Pak Rupee (PKR) fell by 15 paisas against the dollar on Thursday owing to foreign currency demand for import payments.

    The rupee ended at Rs176.38 to the dollar from previous day’s closing of Rs176.23 in the interbank foreign exchange market.

    Currency experts attributed to rise in global oil prices behind increase in dollar demand in the local market.

    The prices in the international market recorded two-month high a day earlier.

    The experts said that since Pakistan was net importer of petroleum products therefore import bill would increase as well.

    The oil import bill of the country increased by 112 per cent to $8.38 billion during first five months (July – November) of 2021/2022 as compared with $3.94 billion in the corresponding months of the last fiscal year.

    Rupee strengthens by 40 paisas to dollar in interbank
  • Customers’ exchange rates on January 13, 2022

    Customers’ exchange rates on January 13, 2022

    KARACHI: The State Bank of Pakistan (SBP) on Thursday issued customers’ exchange rates for January 13, 2022. The exchange rate is on the basis of weighted average rates of commercial banks.

    The SBP said the data is compiled and disseminated for information only. These exchange rates are estimates that quoted by various commercial banks to their clients.

    The banks provide their indicative exchange rates for commercial transactions with customers.

    CURRENCYBUYINGSELLING
    AED4 7.98994 8.1007
    AUD1 28.35541 28.6464
    CAD1 40.93631 41.2606
    CHF1 92.62231 93.0582
    CNY2 7.72082 7.7809
    EUR2 01.59402 02.0628
    GBP2 41.49682 42.0780
    JPY1 .53711 .5407
    SAR4 6.93504 7.0427
    USD1 76.14561 76.5684
    Customers’ exchange rates on January 12, 2022
  • Bitcoin to Pak Rupee on January 13, 2022

    Bitcoin to Pak Rupee on January 13, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pak Rupee (PKR) is Rs7,726,379.33 on January 13, 2022, in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs7,550,820.36 on January 12, 2022.

    The rate of Bitcoin in US Dollar (USD) is $43,860.80 on January 13, 2022 in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $42,744.53 on January 12, 2022.

    Disclaimer: All data and information is 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.

    Bitcoin to Pak Rupee on January 12, 2022
  • Ripple to Pak Rupee on January 13, 2022

    Ripple to Pak Rupee on January 13, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pak Rupee (PKR) is Rs139.81 on January 13, 2022, in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs135.74 on January 12, 2022.

    The rate of Ripple in US Dollar (USD) is $0.79 on January 13, 2022, in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.76 on January 12, 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.

    Ripple to Pak Rupee on January 12, 2022
  • Dogecoin to Pak Rupee on January 13, 2022

    Dogecoin to Pak Rupee on January 13, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pak Rupee (PKR) is Rs30.43 on January 13, 2022, in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs27.30 on January 12, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.17 on January 13, 2022, in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.15 on January 12, 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 Pak Rupee on January 12, 2022
  • Court committee for ban on crypto currency in Pakistan

    Court committee for ban on crypto currency in Pakistan

    KARACHI: A committee set up by a higher court of Pakistan has recommended complete ban on activities of cryptocurrencies in the country.

    The Sindh High Court in a petition constituted a committee on 20th October, 2021 for submitting recommendation on regulating cryptocurrencies in Pakistan. The petition was filed before the higher court seeking regulatory environment for the digital currency in the country.

    READ MORE: FIA probes Binance in mega crypto scam

    The committee submitted its recommendations on Wednesday January 12, 2022. According to the committee, the only use of crypto currency in Pakistan seems to be speculative in nature where people are being enticed to invest in such coins for the purpose of short-term capital gains. The committee further noted that this may result in the flight of precious foreign exchange as well as transfer of illicit funds from the country.

    READ MORE: Cryptocurrency, best performing assets in Pakistan

    The court committee further recommended that exchanges like Binance, OctaFX etc. should be banned for their unauthorized operations in the country and proportionate and dissuasive penalties be imposed by the federal government as some other countries have done.

    READ MORE: FPCCI suggests regulating cryptocurrencies in Pakistan

  • Stocks gain 35 points amid profit taking

    Stocks gain 35 points amid profit taking

    KARACHI: The stocks gained 35 points on Wednesday amid across the board profit taking observed during the day.

    The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,916 points as against previous day’s closing of 45,881 points, showing an increase of 35 points.

    READ MORE: Rupee strengthens by 40 paisas to dollar in interbank

    Analysts at Arif Habib Limited said that the market opened on a positive note today and managed to remain positive during the day.

    Index went up to 339 points and closed 35.12 points although activity remained ranged bound today with sluggish activity and profit taking was witnessed once again today across the board. However, market witnessed good volumes in 3rd tier Stocks.

    READ MORE: SBP to issue Rs100 coin on UET’s 100th anniversary

    Although activity continued to remain sideways as foreign flows in banking sector was expected.

    Sectors contributing to the performance include E&P (+53.4 points), Fertilizer (+21.1 points), Textile Composite (+10.6 points), Power (+10.1 points) and Inv. Banks (+5.4 points).

    READ MORE: Today’s currency exchange rates in PKR – Jan 12, 2022

    Volumes increased from 339.1 million shares to 514.4 million shares (+51.7 per cent DoD). Traded value also increased by 8.8 per cent to reach US$ 60.2 million as against US$ 55.3 million.

    Stocks that contributed significantly to the volumes include WTL, UNITYR3, HASCOL, CNERGY and TELE.

  • Rupee strengthens by 40 paisas to dollar in interbank

    Rupee strengthens by 40 paisas to dollar in interbank

    KARACHI: The Pak Rupee (PKR) strengthened by 40 paisas against the dollar on Wednesday in interbank foreign exchange market. The rupee ended Rs176.23 to the dollar from previous day’s closing of Rs176.63 in the interbank foreign exchange market.

    It was second consecutive day when the rupee made gain. The local currency recovered around 45 paisas during the past two days.

    Currency experts said that positive sentiments were prevailed during the day that helped the local unit to make gain. They said that the mandatory requirement of realizing export receipts helped inflows in the market.

    The State Bank of Pakistan (SBP) on January 05, 2022 issued directives to realize their export receipts within 120 days from date of shipment instead 150 days.

    The experts however said that the falling foreign exchange reserves big challenge for the rupee stability in coming days.

    The official foreign exchange reserves of the State Bank of Pakistan (SBP) fell by $170 million to $17.686 billion by week ended December 31, 2021 as compared with $17.856 billion a week ago.

    Dollar falls five paisas against PKR in interbank
  • SBP issues KIBOR rates on January 12, 2022

    SBP issues KIBOR rates on January 12, 2022

    KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as of January 12, 2022.

    Following are the latest KIBOR rates:

     TenorBIDOFFER
    1 – Week9.7010.20
    2 – Week9.7610.26
    1 – Month9.8410.34
    3 – Month10.2110.46
    6 – Month11.2111.46
    9 – Month11.2611.76
    1 – Year11.3111.81
    SBP issues KIBOR rates on January 11, 2022
  • SBP to issue Rs100 coin on UET’s 100th anniversary

    SBP to issue Rs100 coin on UET’s 100th anniversary

    To mark the 100th Anniversary of establishment of University of Engineering & Technology (UET), Lahore, the Government of Pakistan has decided to issue a commemorative coin of Rs.100.

    (more…)