Pkrevenue.com

Author: Faisal Shahnawaz

  • Dogecoin to Pak Rupee on May 14, 2022

    Dogecoin to Pak Rupee on May 14, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pak Rupee (PKR) is Rs17.24 on May 14, 2022 at 9:42 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs17.96 at closing on May 13, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.09 on May 14, 2022 at 9:42 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.09 at closing on May 13, 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 May 13, 2022
  • Stocks gain 588 points on record remittances

    Stocks gain 588 points on record remittances

    KARACHI: Stocks ended up by 588 points on Friday owing to record inflows of workers’ remittances in April 2022.

    The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 43,486 points from previous day’s closing of 42,898 points, showing a gain of 588 points.

    READ MORE: Stocks make slight gain amid rupee devaluation

    Analysts at Arif Habib Limited said that KSE-100 index opened in the positive zone today continuing the momentum from the last trading session.

    The benchmark KSE-100 index managed to remain in the green throughout the day as Pakistan has witnessed highest ever foreign remittances during April 2022 up by 12 per cent YOY giving the investors much needed confidence resulting into value buying across the board.

    READ MORE: Stocks plunge 641 points on weak fiscal condition

    Although, main board activity remained dull whereas hefty volumes were witnessed in the 3rd tier stocks.

    The Index closed at 43,486.46 points, up by 588.02 points (+1.37 per cent DoD). Sectors contributing to the performance include Banks (+136.1 points), E&P’s (+127.0 points), Cements (+46.7 points) and Autos (+46.6 points).

    READ MORE: Pakistan stocks gain 111 points in range bound trading

    Volumes decreased from 284.5 million shares to 208.1 million shares (-26.9 per cent DoD). Average traded value also decreased by 10.6 per cent to reach US$ 36.2 million as against US$ 40.5 million.

    Stocks that contributed significantly to the volumes are TREET, CNERGY, PRL, LOTCHEM and WTL.

    READ MORE: Pakistan stocks plunge 1,448 points amid panic selling

  • SBP issues KIBOR rates – May 13, 2022

    SBP issues KIBOR rates – May 13, 2022

    KARACHI: State Bank of Pakistan (SBP) on Friday issued the Karachi Interbank Offered Rates (KIBOR) as on May 13, 2022.

    Following are the latest KIBOR rates:

     TenorBIDOFFER
    1 – Week12.2812.78
    2 – Week12.4012.90
    1 – Month12.9013.40
    3 – Month14.6214.87
    6 – Month14.7515.00
    9 – Month14.6815.18
    1 – Year14.6715.17
    SBP issues KIBOR rates – May 12, 2022
  • SBP’s customer exchange rates – May 13, 2022

    SBP’s customer exchange rates – May 13, 2022

    KARACHI, May 13, 2022 – The State Bank of Pakistan (SBP) has released the official exchange rates for customers on Friday, May 13, 2022.

    (more…)
  • Rupee falls for 8th straight day; dollar hits Rs192.53

    Rupee falls for 8th straight day; dollar hits Rs192.53

    KARACHI: The Pakistan Rupee (PKR) continued to slide against the US dollar for eighth straight day and reached to historic low at Rs192.53 on Friday.

    (more…)
  • Pakistan receives record monthly high $3 billion as remittances

    Pakistan receives record monthly high $3 billion as remittances

    KARACHI: Pakistan has received a monthly record workers’ remittance of $3.13 billion in the month of April 2022, the central bank said on Friday.

    The State Bank of Pakistan (SBP) said the remittances grew by 12 per cent in April 2022 to $3.125 billion as compared with $2.79 billion received in April 2021. Meanwhile, the country received $2.81 billion in the month of March 2022.

    READ MORE: SBP receives $2.2 bn as workers remittances in February

    The inflow of remittances recorded 7.6 per cent growth to $26.08 billion during the first 10 months (July – April) 2021/2022 when compared with $24.23 billion in the corresponding months of the last fiscal year.

    Pakistanis living in the USA have sent $2.556 billion during July – April 2021/2022, which is 20 per cent higher when compared with $1.4 billion in the same period of the last fiscal year.

    READ MORE: Remittances increase to record $18 billion in 7 months

    The SBP received an amount of $3.67 billion during the first ten months of the current fiscal year from Pakistani workers living in the UK as compared with $1.98 billion in the corresponding period of the last fiscal year, showing an increase of 9.9 per cent.

    Pakistanis living in Saudi Arabia sent an amount of $6.41 billion during the period under review as compared with $5.32 billion in July – April 2020/2021, showing a growth of 1.6 per cent.

    READ MORE: Pakistani overseas workers send $15.8 billion in 1HFY22

    The inflows of remittances from the UAE, however, posted a decline of 3.6 per cent to $4.90 billion during the first 10 months of the current fiscal year as compared with $5.08 billion in the same period of the last fiscal year.

    Pakistanis living in the EU countries have sent an amount of $2.80 billion during the first ten months of the current fiscal year as compared with $2.21 billion in the same period of the last fiscal year, showing a growth of 27.1 per cent.

    READ MORE: PM Imran launches incentive program for remittances

  • Dollar jumps to Rs193 in midday interbank trading

    Dollar jumps to Rs193 in midday interbank trading

    KARACHI: The US dollar reached to all time high at Rs193 during midday trading at interbank foreign exchange market on Friday.

    The rupee lost Rs1.23 to the dollar and being traded at Rs193 from previous day’s closing of Rs191.77 in the interbank foreign exchange market.

    Currency experts said that falling foreign exchange reserves and high import payments had escalated dollar demand.

    READ MORE: Rupee crashes to record low at Rs190.02 against dollar

    The rupee continued its free fall for the seventh consecutive day yesterday.

    Pakistan is net importer of petroleum products to meet its domestic demand. The country’s import bill was $14.81 billion during the first nine months (July – March) 2021/2022 as compared with $7.55 billion in the corresponding period of the last fiscal year, showing a massive growth of 96 per cent. The oil bill is around 25 per cent of the total import bill of country.

    READ MORE: Rupee hits all-time low at Rs188.66 to dollar

    The depleting foreign exchange reserves are also putting pressure on the local currency.

    Pakistan total import bills recorded an increase of 49 per cent to $58.87 billion during the first nine months of the current fiscal year as compared with $39.49 billion in the corresponding period of the last fiscal year.

    READ MORE: Dollar ends Rs187.53 at interbank market close

    This resulted in huge widening in trade deficit of 70 per cent. The trade deficit of the country swelled to $35.39 billion during first nine months of the current fiscal year as compared with the deficit of $20.8 billion in the corresponding months of the last fiscal year.

    READ MORE: Rupee fall continues; dollar hits new high at Rs191.77

  • Bitcoin to Pak Rupee on May 13, 2022

    Bitcoin to Pak Rupee on May 13, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pak Rupee (PKR) is Rs5,869,301.99 on May 13, 2022 at 9:38 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs5,115,001.78 at closing on May 12, 2022.

    The rate of Bitcoin in US Dollar (USD) is $30,598.44 on May 13, 2022 at 9:38 AM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $26,803.21 at closing on May 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 May 12, 2022
  • Ripple to Pak Rupee on May 13, 2022

    Ripple to Pak Rupee on May 13, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pak Rupee (PKR) is Rs85.61 on May 13, 2022 at 9:34 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs67.25 at closing on May 12, 2022.

    The rate of Ripple in US Dollar (USD) is $0.45 on May 13, 2022 at 9:34 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.35 at closing on May 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 May 12, 2022
  • Dogecoin to Pak Rupee on May 13, 2022

    Dogecoin to Pak Rupee on May 13, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pak Rupee (PKR) is Rs17.96 on May 13, 2022 at 9:25 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs13.74 at closing on May 12, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.09 on May 13, 2022 at 9:25 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.07 at closing on May 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 May 12, 2022