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Author: Faisal Shahnawaz

  • Bitcoin to Pak Rupee on March 15, 2022

    Bitcoin to Pak Rupee on March 15, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pak Rupee (PKR) is Rs6,924,076.66 on March 15, 2022, in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs6,983,373.57 on March 14, 2022.

    The rate of Bitcoin in US Dollar (USD) is $38,643.47 on March 15, 2022 in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $38,622.47 on March 14, 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.

  • Ripple to Pak Rupee on March 15, 2022

    Ripple to Pak Rupee on March 15, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pak Rupee (PKR) is Rs134.56 on March 15, 2022, in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs138.26 on March 14, 2022.

    The rate of Ripple in US Dollar (USD) is $0.75 on March 15, 2022, in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.76 on March 14, 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 March 14, 2022
  • Dogecoin to Pak Rupee on March 15, 2022

    Dogecoin to Pak Rupee on March 15, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pak Rupee (PKR) is Rs19.99 on March 15, 2022, in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs20.59 on March 14, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.11 on March 15, 2022, in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.11 on March 14, 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 March 14, 2022
  • Dollar makes new record high at PKR 179.22

    Dollar makes new record high at PKR 179.22

    KARACHI: The US dollar appreciated against Pakistan Rupee (PKR) to hit new record high at Rs179.22 in the interbank foreign exchange market.

    The rupee fell by 24 paisas to end at Rs179.22 to the dollar from last day’s closing of Rs178.98 in the interbank foreign exchange market.

    READ MORE: Dollar jumps to historic high at PKR 178.98

    The previous record low of the rupee was Rs178.98 to the dollar on March 14, 2022.

    Currency experts said that the rupee was depreciated due to overall fall in other currencies against the dollar.

    They said that political uncertainty due to no-confidence motion moved against the prime minister also depressed the local unit.

    READ MORE: Dollar eases by 12 paisas to PKR in interbank

    Besides, the dollar demand was also mounting due to import of commodities related to the holy month of Ramzan.

    The domestic foreign exchange market was also uncertain due to volatile oil prices in the international markets.

    READ MORE: Rupee ends flat to dollar, maintains all-time low level

    The oil prices are remained volatile since Russia-Ukraine war started on February 24, 2022.

    Pakistan is one of the major importers of petroleum products and changes in the prices directly affects the oil import bill.

    The import bill of petroleum group recorded an increase of 107 per cent to $11.7 billion during the first seven months of the current fiscal year as compared with $5.64 billion in the corresponding months of the last fiscal year.

    READ MORE: Dollar inches up to make new high at PKR 178.63

    The fall in foreign exchange reserves also put pressure on the rupee value. The liquid foreign exchange reserves of the country slipped by $206 million to $22.669 billion by the week ended March 04, 2022 as against $22.875 billion a week ago.

  • SBP issues KIBOR rates on March 14, 2022

    SBP issues KIBOR rates on March 14, 2022

    KARACHI: State Bank of Pakistan (SBP) on Monday issued the Karachi Interbank Offered Rates (KIBOR) as of March 14, 2022.

    Following are the latest KIBOR rates:

     TenorBIDOFFER
    1 – Week9.8110.31
    2 – Week9.8910.39
    1 – Month10.0910.59
    3 – Month11.0711.32
    6 – Month11.6811.93
    9 – Month11.7712.27
    1 – Year11.8312.33
    SBP issues KIBOR rates on March 11, 2022
  • Pakistan stocks shed 286 points on political unrest

    Pakistan stocks shed 286 points on political unrest

    KARACHI: Pakistan stock lost 286 points on Monday owing to ongoing political unrest in the country and higher commodity prices in the international markets.

    The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,367 points as against 43,653 points, showing a decrease of 286 points.

    READ MORE: Weekly Review: market likely to stay range bound

    Analysts at Arif Habib Limited said that range bound session was observed today due to political unrest.

    Market opened in the green zone and stayed volatile throughout the day. Main board activity remained dull.

    On the flip-side, activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks. In the last trading hour, across the board selling was witnessed which led the index to close in the red zone.

    READ MORE: Pakistan stocks dip 200 points on political uncertainty

    Analysts at Topline Securities said that Pakistan equities closed on a negative note where lackluster activity has been witnessed at the bourse. Uncertainty over Local politics and higher international commodities prices kept the investor confidence in check.

    Investors interest mostly witnessed in Fertilizers sector over increasing urea prices where EFERT,FFC and FFBL closed on a higher note.

    READ MORE: Pakistan stocks gain 810 points on sharp dip in oil prices

    PSX recorded 20-month lowest volume of 114 million shares today. Last seen on Jun 05, 2020 of 89 million shares.

    Sectors contributing to the performance include E&P (-57.7 points), Banks (-56.7 points), Cement (-56.5 points), Technology (-52.2 points) and Power (-29.0 points).

    READ MORE: Stocks gain 165 points on unchanged monetary policy

    Volumes decreased from 149.3 million shares to 115.1 million shares (-22.9 per cent DoD). Traded value also decreased by 30.8 per cent to reach US$ 20.4 million as against US$ 29.4 million.

    Stocks that contributed significantly to the volumes include FLYNGR1, PAELR3, GGL, TELE and TPLP.

  • Dollar jumps to historic high at PKR 178.98

    Dollar jumps to historic high at PKR 178.98

    KARACHI: The US dollar jumped to the historic high against the Pak Rupee at Rs178.98 on Monday owing to foreign currency demand for import payments.

    The rupee ended Rs178.98 to the dollar from last Friday’s closing of Rs178.51 in the interbank foreign exchange market.

    READ MORE: Dollar eases by 12 paisas to PKR in interbank

    The dollar previously hit all-time high at Rs178.63 on March 10, 2022.

    Currency experts said that the rupee was under pressure because the market was opened after two weekly holidays.

    Further, dollar demand for commodity imports related to the holy month of Ramzan put pressure on the local currency.

    READ MORE: Rupee ends flat to dollar, maintains all-time low level

    The volatile oil prices in international markets also brought down the local currency.

    The oil prices in the international markets are still above $108 per barrel, which is much above the calculated prices of petroleum products in the domestic market.

    It is important to note that the PTI government had announced to reduce Rs10 per liter each on petrol and diesel. In order to lower the prices. The government is absorbing billions of rupees loss every month through zero rating of sales tax on petroleum products and lowering the petroleum levy.

    READ MORE: Dollar inches up to make new high at PKR 178.63

    Pakistan is one of the major importers of petroleum products and changes in the prices directly affects the oil import bill.

    The import bill of petroleum group recorded an increase of 107 per cent to $11.7 billion during the first seven months of the current fiscal year as compared with $5.64 billion in the corresponding months of the last fiscal year.

    The fall in foreign exchange reserves also deteriorating the rupee value. The liquid foreign exchange reserves of the country slipped by $206 million to $22.669 billion by the week ended March 04, 2022 as against $22.875 billion a week ago.

    READ MORE: Rupee falls to all-time low against dollar at Rs178.61

  • Customers’ exchange rates on March 14, 2022

    Customers’ exchange rates on March 14, 2022

    KARACHI: The State Bank of Pakistan (SBP) on Monday issued customers’ exchange rates for March 14, 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
    AED48.694348.8054
    AUD129.4997129.7923
    CAD139.8657140.1766
    CHF191.0347191.4790
    CNY28.141128.2017
    EUR195.1174195.5646
    GBP232.6847233.2162
    JPY1.51771.5211
    SAR47.647947.7546
    USD178.7305179.1533
    Customers’ exchange rates on March 11, 2022
  • Bitcoin to Pak Rupee on March 14, 2022

    Bitcoin to Pak Rupee on March 14, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pak Rupee (PKR) is Rs6,983,373.57 on March 14, 2022, in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs6,763,542.86 on March 13, 2022.

    The rate of Bitcoin in US Dollar (USD) is $38,622.47 on March 14, 2022 in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $37,816.64 on March 13, 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.

    READ MORE: Bitcoin to Pak Rupee on March 13, 2022

  • Ripple to Pak Rupee on March 14, 2022

    Ripple to Pak Rupee on March 14, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pak Rupee (PKR) is Rs138.26 on March 14, 2022, in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs137.00 on March 13, 2022.

    The rate of Ripple in US Dollar (USD) is $0.76 on March 14, 2022, in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.77 on March 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.

    Ripple to Pak Rupee on March 13, 2022