KARACHI: The exchange rate of Dogecoin (DOGE) in Pak Rupee (PKR) is Rs12.42 on June 13, 2022 at 09:13 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs13.21 at closing on June 12, 2022.
(more…)Author: Faisal Shahnawaz
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Bitcoin to Pak Rupee on June 12, 2022
KARACHI: The exchange rate of Bitcoin (BTC) in Pak Rupee (PKR) is Rs5,549,067.76 on June 12, 2022 at 10:40 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs5,927,857.45 at closing on June 11, 2022.
The rate of Bitcoin in US Dollar (USD) is $27,470.63 on June 12, 2022 at 10:40 AM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $29,345.83 at closing on June 11, 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.
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Ripple to Pak Rupee on June 12, 2022
KARACHI: The exchange rate of Ripple (XRP) in Pak Rupee (PKR) is Rs69.40 on June 12, 2022 at 10:35 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs77.87 at closing on June 11, 2022.
The rate of Ripple in US Dollar (USD) is $0.34 on June 12, 2022 at 10:35 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.39 at closing on June 11, 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.
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Dogecoin to Pak Rupee on June 12, 2022
KARACHI: The exchange rate of Dogecoin (DOGE) in Pak Rupee (PKR) is Rs13.21 on June 12, 2022 at 10:27 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs15.35 at closing on June 11, 2022.
The rate of Dogecoin in US Dollar (USD) is $0.07 on June 12, 2022 at 10:27 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.08 at closing on June 11, 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.
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Bitcoin to Pak Rupee on June 11, 2022
The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) witnessed notable fluctuations on June 11, 2022, at 11:14 AM Pakistan Standard Time (PST), underlining the inherent volatility of cryptocurrency markets.
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Ripple to Pak Rupee on June 11, 2022
KARACHI: The exchange rate of Ripple (XRP) in Pak Rupee (PKR) is Rs77.87 on June 11, 2022 at 10:43 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs81.59 at closing on June 10, 2022.
The rate of Ripple in US Dollar (USD) is $0.39 on June 11, 2022 at 10:43 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.40 at closing on June 10, 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.
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Dogecoin to Pak Rupee on June 11, 2022
KARACHI: The exchange rate of Dogecoin (DOGE) in Pak Rupee (PKR) is Rs15.35 on June 11, 2022 at 10:37 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs16.09 at closing on June 10, 2022.
The rate of Dogecoin in US Dollar (USD) is $0.08 on June 11, 2022 at 10:37 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.08 at closing on June 10, 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.
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FBR assigned tax collection target of Rs7 trillion in 2022/2023
ISLAMABAD: The Federal Board of Revenue (FBR) has been assigned a tax collection target of Rs7 trillion for the fiscal year 2022/2023 against the existing target of Rs6 trillion for the outgoing fiscal year.
According to the official documents of the budget 2022/2023, the FBR tax collection has been estimated at Rs7 trillion up 16.66 per cent from Rs6 trillion in the current fiscal year.
READ MORE: Budget 2022/2023: Salient features of customs duty act
The tax collection target under the head of direct taxes has been fixed at Rs2.573 trillion for the fiscal year 2022/2023 as compared to the estimated collection of Rs2.204 trillion in the current fiscal year.
Under the head of direct taxes, the income tax collection target has been set at Rs2.558 trillion as compared with Rs2.191 trillion.
READ MORE: Budget 2022/2023: Salient features of sales tax
The collection targets for workers welfare fund, workers profit participation fund and capital value tax have been set at Rs6.94 billion, Rs7.46 billion and Rs515 million, respectively.
The FBR has been assigned a target for indirect tax collection at Rs4.431 trillion for the fiscal year 2022/2023 as against estimated collection of Rs3.796 trillion in the outgoing fiscal year.
READ MORE: Budget 2022/2023: Salient features of income tax
The collection target for customs duty has been set at Rs953 trillion during the next fiscal year as compared with Rs817 billion in the current fiscal year.
The sales tax collection target has been set at Rs3.076 trillion for fiscal year 2022/2023 as compared with estimated collection of Rs2.635 trillion in the current fiscal year.
READ MORE: Pakistan allocates Rs800 billion for FY23 PSDP
An amount of Rs402 billion has been set as target for federal excise duty (FED) collection in the fiscal year 2022/2023 as against the existing estimate of Rs344 billion in the fiscal year Rs344 billion.
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Pakistan allocates Rs800 billion for FY23 PSDP
ISLAMABAD: Pakistan on Friday allocated Rs800 billion for the Public Sector Development Program (PSDP) for fiscal year 2022/2023.
The country presented the federal budget 2022/2023, which envisages PSDP worth 800 billion rupees for the next fiscal year.
It has been centered on improvement in sectors such as water resources, transport and communication, energy, higher education, health, science and technology, and balanced regional development.
READ MORE: Federal government presents budget 2022-2023
The emphasis of PSDP is also on revival of CPEC and related projects for inter-provincial and regional connectivity with equal importance to Special Economic Zones to promote trade, industrialization and create job opportunities.
The major thrust in the Information and Communication Technology sector including establishment and operations of Special Technology Zones.
Under the PSDP, the government has allocated 44.179 billion rupees including foreign aid of 1.3 billion rupees to the Higher Education Commission for implementation of 151 development projects.
READ MORE: Tax exemptions cost Rs1.76 trillion in FY22
The allocation indicates an increase of one hundred percent over the last year.
An allocation of over 197 billion rupees has been made for 117 power related projects.
These include hydro power generation projects such as Diamer-Bhasha, Mohmand, Nai Gaj and the fifth extension of Tarbela. Initiatives like developing water storages, automatic telemetry system, rainwater harvesting, decreasing water losses, ground water regulation and management would be undertaken in consultation with the stakeholders.
READ MORE: Share of domestic electricity consumption declines
Over nine billion rupees have been earmarked for Ten Billion Trees Tsunami Programme Phase-I to achieve the target of planting 500 million trees.
Similarly, over 563 million rupees and over 1.2 billion rupees have been allocated for installation of weather surveillance radars at Multan and Sukkur respectively.
The Federal PSDP has also proposed an amount of 1.5 billion rupees to complete the emergent nature of small flood schemes all over Pakistan.
READ MORE: Average inflation estimated up to 12% in FY22
An allocation of 227 billion rupees has been made for strengthening efficiency of transport and logistics for domestic commerce and regional connectivity.
The high impact infrastructure projects to be completed under Public Private Partnership mode include Sukkur-Hyderabad Motorway, Sialkot-Kharian Motorway, Kharian-Rawalpindi Motorway, and Karachi Circular Railway. Under the CPEC, D I Khan-Zhob section is under discussion with the Chinese side for financing and it is expected to be launched in the next financial year.
READ MORE: SBP jacks up policy rate by 6.75% to 13.75%
The concessional financing agreement for landmark ML-1 project is to be finalized in the second quarter of the next fiscal year and subsequently arrangements will be made for groundbreaking of the project.
A comprehensive National Action Plan for agriculture modernization has been prepared in terms of capacity building, agricultural product processing technology extension, fishery science and technology, aquaculture and aquatic products processing.
READ MORE: Tax to GDP ratio estimated at 10.8% in FY22: Economic Survey
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Stocks gain 279 points on budgetary concessions
KARACHI: Pakistan stocks gained 279 points on Friday on expectations of incentives in the budget 2022/2023.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 42,015 points from previous day’s closing of 41,736 points, showing an increase of 279 points.
READ MORE: Pakistan stocks gain 183 points on rupee appreciation
Analysts at Arif Habib Limited said that the KSE-100 index remained range bound with low volumes due to concerns regarding upcoming budget and inflationary pressure.
Pharma and IT Sector remained in the limelight due to expectation of incentives in the budget.
READ MORE: Stocks remain volatile on expected harsh measures
Value buying was observed in the last trading hour which led the index to close in the green zone.
Main board activity remained dry whereas significant volumes were observed in the 3rd tier stocks.
READ MORE: Pakistan stocks end flat as investors eyeing budget
Sectors contributing to the performance include E&P’s (+64.4 points), Fertilizer (+57.1 points), Automobile (+41.0 points), Technology (+29.2 points) and Chemicals (+27.0 points).
Volumes decreased from 235.3 million shares to 115.9 million shares (-50.4 per cent DoD). Average traded value also decreased by 43.9 per cent to reach US$ 15.2 million as against US$ 27.4 million.
READ MORE: Pakistan stocks gain 262 points in mixed trading
Stocks that contributed significantly to the volume are TPLP, GTECH, LOTCHEM, HUMNL and HASCOL.