Pkrevenue.com

Author: Faisal Shahnawaz

  • Rupee ends flat to dollar, maintains all-time low level

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

    KARACHI: The Pak Rupee (PKR) ended flat against the dollar to remain at the historic low level of Rs178.63 on Thursday.

    The rupee recorded the historic low level of Rs178.63 to the dollar in the interbank foreign exchange market.

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

    Currency experts said that the ease in international oil prices helped the rupee to maintain level. However, they said that dollar demand for imports related to holy month of Ramzan is still high.

    They said that the oil prices in the international markets fell sharply and recorded 13 per cent decline in a single day in last two years. Pakistan is net importer of petroleum products and changes in prices in international markets directly affect the balance of payment of the country.

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

    The import bill of petroleum group recorded an increase of 107 per cent to $11.7 billion during 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: Rupee ends near record low against dollar

    The higher imports have resulted in widening of current account deficit. The country’s Current Account Deficit (CAD) surged to its highest ever monthly deficit of $2.6 billion in January 2022 ($1.9 billion in December 2021) taking CAD of $11.6 billion during the first seven months of the current fiscal year.

    READ MORE: PKR gains 33 paisas to dollar after 3-day depreciation

  • Customers’ exchange rates on March 10, 2022

    Customers’ exchange rates on March 10, 2022

    Karachi, March 10, 2022: The State Bank of Pakistan (SBP) has unveiled the official exchange rates for March 10, 2022, providing a comprehensive overview of the currency values against the Pakistani Rupee.

    (more…)
  • Bitcoin to Pak Rupee on March 10, 2022

    Bitcoin to Pak Rupee on March 10, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pak Rupee (PKR) is Rs7,056,133.28 on March 10, 2022, in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs7,501,933.54 on March 09, 2022.

    The rate of Bitcoin in US Dollar (USD) is $39,653.43 on March 10, 2022 in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $41,897.83 on March 09, 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 March 09, 2022
  • Ripple to Pak Rupee on March 10, 2022

    Ripple to Pak Rupee on March 10, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pak Rupee (PKR) is Rs132.24 on March 10, 2022, in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs136.19 on March 09, 2022.

    The rate of Ripple in US Dollar (USD) is $0.74 on March 10, 2022, in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.76 on March 09, 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 09, 2022
  • Dogecoin to Pak Rupee on March 10, 2022

    Dogecoin to Pak Rupee on March 10, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pak Rupee (PKR) is Rs20.89 on March 10, 2022, in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs21.60 on March 09, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.12 on March 10, 2022, in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.12 on March 09, 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 09, 2022
  • Stocks gain 165 points on unchanged monetary policy

    Stocks gain 165 points on unchanged monetary policy

    KARACHI: Pakistan stocks gained 165 points on Wednesday owing to positive sentiments following unchanged monetary policy announced a day earlier.

    The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,043 points as against previous day’s closing of 42,878 points, showing an increase of 165 points.

    READ MORE: KSE-100 index sheds 389 points in volatile trading

    Analysts at Arif Habib Limited said that the market stayed in the green zone today as the State Bank of Pakistan (SBP) kept the policy rate unchanged at 9.75 per cent in March 2022 Monetary Policy meeting.

    The central bank held its benchmark interest rate steady for the second meeting in a row as inflationary concerns cooled a bit, but it did hint at the possibility of an early huddle in case any economic fallout of Russia-Ukraine war spills over into the country. Cement sector stayed in the red zone due to mounting international coal prices. In the last trading hour, value buying was observed.

    READ MORE: Pakistan stocks nosedive on world oil, political unrest

    Sectors contributing to the performance include Technology (+74.6 points), Fertilizer (+63.0 points), E&P (18.1 points), Cement (+12.5 points) and Automobile & Parts (+5.8 points).

    READ MORE: Weekly Review: market to remain jittery

    Volumes decreased from 226.1 million shares to 183.7 million shares (-18.8 per cent DoD). Traded value also decreased by 14.8 per cent to reach US$ 34.0 million as against US$ 39.9 million.

    Stocks that contributed significantly to the volumes include GGL, PIBTL, TPLP, TELE and TPL.

    READ MORE: Stocks gain 25 points in range bound trading

  • SBP issues KIBOR rates on March 09, 2022

    SBP issues KIBOR rates on March 09, 2022

    KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as of March 09, 2022.

    Following are the latest KIBOR rates:

     TenorBIDOFFER
    1 – Week9.7810.28
    2 – Week9.8310.33
    1 – Month9.9710.47
    3 – Month10.5910.84
    6 – Month11.0311.28
    9 – Month11.0711.57
    1 – Year11.1111.61
    SBP issues KIBOR rates on March 08, 2022
  • Dollar inches up to make new high at PKR 178.63

    Dollar inches up to make new high at PKR 178.63

    KARACHI: The US dollar hit another high against the Pak Rupee (PKR) on Wednesday after inching up by two paisas in the interbank foreign exchange market.

    The rupee ended Rs178.63 to the dollar from last day’s close of Rs178.61, the previous historic low of the rupee, in the interbank foreign exchange market.

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

    Currency experts said that the local unit remained under pressure due to import payments to foreign buying related to the holy month of Ramzan and volatile oil prices in the international market.

    They said that inflows in the shape of export receipts and remittances were seen in the market, which prevented significant losses in the rupee value.

    READ MORE: Rupee ends near record low against dollar

    The experts said that overseas Pakistanis usually send money to their loved ones for expenses related to holy month of Ramzan and Eid festival.

    The high oil prices in the international market due to Russia-Ukraine war kept the rupee value under pressure as further spike in the prices would make the local currency to maintain levels.

    READ MORE: PKR gains 33 paisas to dollar after 3-day depreciation

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

    The country’s Current Account Deficit (CAD) surged to its highest ever monthly deficit of $2.6 billion in January 2022 ($1.9 billion in December 2021) taking CAD of $11.6 billion during the first seven months of the current fiscal year.

    READ MORE: Dollar up 21 paisas to PKR amid surge in global oil prices

  • Customers’ exchange rates on March 09, 2022

    Customers’ exchange rates on March 09, 2022

    Karachi, March 09, 2022: The State Bank of Pakistan (SBP) has released the official exchange rates for March 09, 2022, providing a glimpse into the currency values against the Pakistani Rupee.

    (more…)
  • Bitcoin to Pak Rupee on March 09, 2022

    Bitcoin to Pak Rupee on March 09, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pak Rupee (PKR) is Rs7,461,406.68 on March 09, 2022, in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs6,903,830.56 on March 08, 2022.

    The rate of Bitcoin in US Dollar (USD) is $41,728.69 on March 09, 2022 in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $38,610.93 on March 08, 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 March 08, 2022