KARACHI: The exchange rate of Bitcoin (BTC) in Pak Rupee (PKR) is Rs5,139,587.40 on July 21, 2022 at 09:36 AM Pakistan Standard Time (PST), in the open exchange market.
(more…)Author: Faisal Shahnawaz
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Ripple to Pak Rupee on July 21, 2022
KARACHI: The exchange rate of Ripple (XRP) in Pak Rupee (PKR) is Rs80.29 on July 21, 2022 at 09:36 AM Pakistan Standard Time (PST), in the open exchange market.
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Dogecoin to Pak Rupee on July 21, 2022
KARACHI: The exchange rate of Dogecoin (DOGE) in Pak Rupee (PKR) is Rs15.38 on July 21, 2022 at 10:05 AM Pakistan Standard Time (PST), in the open exchange market.
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Honda unveils all-new Civic Type R
TOKYO, Japan: Honda Motor Co., Ltd. on July 21, 2022, unveiled the all-new Civic Type R, which is scheduled to go on sale in Japan in September 2022.
At the world premiere which was held online on Thursday, Honda unveiled the exterior and interior designs of the all-new Civic Type R and announced advancements made to the vehicle’s dynamic performance.
Overview of the all-new Civic Type R
Grand Concept – “Ultimate SPORT 2.0”
By further advancing the concept of the predecessor model – Ultimate SPORT – the all-new Civic Type R was developed with a goal to achieve pure sports performance that attains the ultimate in speed and the joy of driving. The value proposition of the Type R is to realize both speed, which is the essential value of a sports model, and driving pleasure, which appeals to the emotion of the driver.
Design
Based on the Civic Hatchback, which has been well received in the market, low & wide packaging was further pursued to elevate driving performance for the Type R model. Moreover, a forward field of vision with a wide view of the road was featured with an aim to provide information directly to the driver even while driving at a high range of speed.
The exterior design team strived to create styling for both overwhelming speed and beauty. The wide fenders, which are integrated with the body, are shaped to flow beautifully from the side panels and enhance aerodynamic performance by controlling air flow that continues uninterrupted from front to rear.
As for exterior color options, in addition to Championship White, which has been an iconic Type R color, Sonic Gray Pearl was newly added to the lineup.
The interior design features red seats and floor carpets that lift the spirit of the occupants from the moment they open the door, and “noiseless,” black-toned interior panels that enable the driver to focus on driving.
The front seats are designed with a three-dimensional polyhedral form to firmly support the body so that the driver and front passenger can feel complete confidence even while driving on a racing circuit at the vehicle’s full potential. Moreover, the adoption of a suede-like seat surface material with a high friction coefficient reduced body slippage in high-G situations such as cornering and sudden acceleration/deceleration.
As for the meter design, in addition to the standard display, +R mode-exclusive designs were adopted. Placing the primary focus on enabling the driver to instantaneously recognize necessary information during sporty driving, including on a racing circuit, the upper part of the meter displays key information such as the engine rpm, rev indicator and gear position indicator, while the lower part functions as a multi-information display that can show vehicle information selected by the driver. By adopting an illuminated rev indicator, the driver can obtain information intuitively without keeping close watch on the indicator, along with instantaneous visual recognition of the information and a stimulating meter design.
Dynamics
The development team set three goals for the dynamic performance of the all-new Civic Type R: 1) “Fastest”, representing the pursuit of overwhelming speed and being the fastest FF (front engine/front-wheel-drive) vehicle by refining and perfecting every aspect of driving feel offered by the vehicle; 2) “Addictive Feel” representing the goal to achieve dynamics that make the driver feel “addicted” to driving the vehicle by offering a thrilling driving experience; and 3) “Secure Feel”, representing the goal to ensure high-speed stability and a complete feeling of trust.
Fastest
Aiming to realize an all-new Type R which outperforms all previous Type R models, the 2.0-liter VTEC Turbo engine designed exclusively for Type R was further refined to achieve higher output and responsiveness to the upper limit.
Addictive Feel
In addition to achieving the ultimate in speed, the development team strived to create a car that makes the driver passionate about driving the vehicle. To this end, a thrilling driving experience was pursued by refining drivability with highly-responsive handing developed with an aim to realize driving at the will of the driver, a throttle that reacts immediately to driver input, and also by further advancing a feeling of control of the 6-speed manual transmission and the rev match control system.
Secure Feel
On the premise of ensuring highly-sophisticated design, aerodynamics was further advanced to achieve well-balanced downforce both front and rear and a reduction of drag. Moreover, the lightweight and highly rigid body contributes to the high stability of the vehicle at high speeds.
Furthermore, through utilization of Honda LogR, which provides real-time information on the mechanical movements of the vehicle and vehicle behavior resulting from the driver’s input, the all-new Civic Type R will provide the driver with enhanced driving pleasure with a sense of oneness between the driver and the vehicle, which includes the sharing of driving videos and helping the driver improve their driving skills.
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Pakistan reintroduces capital value tax on motor vehicles
KARACHI: The federal government of Pakistan has reinstated the Capital Value Tax (CVT) at a rate of one percent on the value of both locally manufactured and imported motor vehicles. This move marks the revival of a tax that was previously withdrawn in phases and ultimately abolished in 2020.
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KATI surprised over Govt. mysterious silence over declining economy
KARACHI: Korangi Association of Trade and Industry (KATI) on Wednesday expressed surprise over the mysterious silence of the present government regarding economic downfall.
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SBP issues KIBOR rates – July 20, 2022
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as on July 20, 2022.
Following are the latest KIBOR rates:
Tenor BID OFFER 1 – Week 14.29 14.79 2 – Week 14.41 14.91 1 – Month 14.58 15.08 3 – Month 14.94 15.19 6 – Month 15.41 15.66 9 – Month 15.48 15.98 1 – Year 15.53 16.03 -

Pakistan stocks gain 71 points in range bound trading
KARACHI: Pakistan stocks gained 71 points on Wednesday in a range bound session trading during the day.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 40,460 points from previous day’s closing of 40,389 points, showing an increase of 71 points.
READ MORE: Pakistan stocks plunge 978 points on rupee devaluation
Analysts at Arif Habib Limited said that the market witnessed a range bound session today.
“The benchmark KSE-100 index remained sideways due to continuous Pak rupee devaluation against US dollar and political unrest,” they added.
READ MORE: Pakistan stocks plunge 708 points in bloodbath session
The local currency continued its free-fall against the dollar and hit fresh low at Rs224.92 to the greenback on Wednesday at closing of interbank foreign exchange market.
The volumes remained dry although the last trading hour witnessed value buying in the E&P sector.
READ MORE: Weekly Review: stocks likely to stay positive
Sectors contributing to the performance include E&P (+73.3 points), Banks (+29.0 points), OMC’s (+15.8 points), Power (+13.6 points) and Technology (11.8 points).
Volumes decreased from 194.9 million shares to 141.7 million shares (-27.3 per cent DoD). Average traded value also decreased by 22.2 per cent to reach US$ 20.0 million as against US$ 25.7 million.
Stocks that contributed significantly to the volumes are TPLP, WTL, CNERGY, UNITY and PRL.
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NKATI asks SBP to stop free-fall in rupee value against dollar
KARACHI: Industrialists of North Karachi Trade and Industry (NKATI) have urged the State Bank of Pakistan (SBP) to stop free-fall of rupee against the US dollar.
In a statement, NKATI President Faisal Moiz Khan has urged the State Bank of Pakistan (SBP) to take measures for stabilizing the local currency as dollar breached Rs226 level in the interbank foreign exchange market.
READ MORE: NKATI launches industrial area beautification
“The SBP should adopt effective strategies to stabilize the rupee and curb the continued appreciation of the dollar,” he added.
President NKATI said that rising the dollar will have very negative effects on the industrial production activities while the country’s economy will also be badly affected and a storm of inflation will come.
The ongoing political ups and downs in the country are in place but the central bank needs to play its role as a regulator to prevent the dollar from soaring and the rupee from falling.
READ MORE: NKATI urges PM Imran to reduce petroleum prices
Moiz said that the continued appreciation of the dollar against the rupee has led to an enormous increase in industrial costs, making Pakistani products less competitive in export markets and unsustainably increasing commodity prices in domestic markets.
“The appreciation of the dollar has more than doubled the cost of industrial raw materials, making it difficult to sustain production activities, and the industrial community fears that if the rupee continues to depreciate and the dollar continues to rise, timely fulfilment of export orders will not be possible,” he informed.
READ MORE: Pakistan raises petrol price to record high at Rs160/liter
NKATI president further said that the energy crisis, high rates of electricity, gas, taxes have already significantly increased the cost of production and now the continuous increase in the value of the dollar will sink the industries, which will lead to flood of unemployment and domestic exports will also be affected, so the central bank should adopt a strategy to curb the dollar price hike, otherwise it will become difficult to run the industries.
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SBP’s customer forex rates – July 20, 2022
On Wednesday, July 20, 2022, the State Bank of Pakistan (SBP) issued the foreign exchange rates for customers, disclosing the buying and selling prices of various currencies against the Pakistani Rupee (PKR).
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