Pkrevenue.com

Author: Faisal Shahnawaz

  • Ripple to Pak Rupee on March 09, 2022

    Ripple to Pak Rupee on March 09, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pak Rupee (PKR) is Rs134.25 on March 09, 2022, in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs128.65 on March 08, 2022.

    The rate of Ripple in US Dollar (USD) is $0.75 on March 09, 2022, in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.72 on March 08, 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 08, 2022
  • Dogecoin to Pak Rupee on March 09, 2022

    Dogecoin to Pak Rupee on March 09, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pak Rupee (PKR) is Rs21.86 on March 09, 2022, in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs20.85 on March 08, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.12 on March 09, 2022, in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.12 on March 08, 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 08, 2022
  • KSE-100 index sheds 389 points in volatile trading

    KSE-100 index sheds 389 points in volatile trading

    The Pakistan Stock Exchange (PSX) witnessed a turbulent session on Tuesday, with the benchmark KSE-100 Index dropping by 389 points, closing at 42,878 points, down from the previous day’s close of 43,267 points.

    (more…)
  • SBP issues KIBOR rates on March 08, 2022

    SBP issues KIBOR rates on March 08, 2022

    KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the Karachi Interbank Offered Rates (KIBOR) as of March 08, 2022.

    Following are the latest KIBOR rates:

     TenorBIDOFFER
    1 – Week9.7810.28
    2 – Week9.8510.35
    1 – Month9.9510.45
    3 – Month10.5310.78
    6 – Month10.9611.21
    9 – Month11.0411.54
    1 – Year11.0811.58
    SBP issues KIBOR rates on March 07, 2022
  • Philip Morris posts over 30% growth in annual profit

    Philip Morris posts over 30% growth in annual profit

    KARACHI: Philip Morris (Pakistan) Limited, a public limited tobacco manufacturing company, on Tuesday announced over 30 per cent increase in profit after tax for the year ended December 31, 2021.

    (more…)
  • Rupee falls to all-time low against dollar at Rs178.61

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

    KARACHI: The Pakistan Rupee (PKR) fell to an all-time low at Rs178.61 against the dollar on Tuesday amid significant rise in international oil prices and Ramzan related demand for imported goods.

    The rupee previously recorded the all-time low at Rs178.24 to the dollar on December 29, 2021.

    READ MORE: Rupee ends near record low against dollar

    The rupee ended Rs178.61 to the dollar from previous day’s closing of Rs178.13 in the interbank foreign exchange market.

    The local currency recorded a decline of Rs21.07 or 13.37 per cent from Rs157.54 on June 30, 2021 to the present level of Rs178.61.

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

    Currency experts said that Ramzan related commodity buying escalated the dollar demand. Besides rising oil prices in the international market also depreciated the rupee value.

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

    The dealers said that the rise in import bill will also widen the 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: Dollar surges 21 paisas to PKR on high oil price concerns

  • Customers’ exchange rates on March 08, 2022

    Customers’ exchange rates on March 08, 2022

    Karachi, March 08, 2022: The State Bank of Pakistan (SBP) has released the official exchange rates for March 08, 2022, shedding light on the currency values against the Pakistani Rupee.

    (more…)
  • NBP declares fall in annual profit to Rs28.76 billion

    NBP declares fall in annual profit to Rs28.76 billion

    KARACHI: National Bank of Pakistan (NBP) on Tuesday announced decline in its annual net profit to Rs28.76 billion for the year ended December 31, 2021.

    The annual net profit of the NBP fell by 6 per cent from Rs30.58 billion in the preceding year.

    READ MORE: National Bank under grip of regulatory violations

    The bank announced basic earnings per share (EPS) at Rs13.44 for 2021 as compared with Rs14.33 in the preceding year.

    The bank said that the board of directors of NBP met on Tuesday March 18, 2022 and approved cash dividend for the year ended December 31, 2021 at Re 1 per share i.e. 10 per cent.

    READ MORE: NBP lends Rs18.8bn in Hascol’s Rs54bn scam

    The net mark-up/interest income of the bank declined to Rs97.76 billon during 2021 as compared with Rs104 billion in the preceding year. Total non-markup /interest income slightly up at Rs38.86 billion for the year ended December 31, 2021 as compared with Rs37.36 billion in the preceding year.

    Operating expenses of the bank also reduced to Rs61 billion for the year under review as compared with Rs64.12 billion in the preceding year.

    READ MORE: NBP makes progress in regulatory compliance for US operations

    Provisioning and write-offs of the bank fell to Rs11.66 billion for the year under review as compared with Rs31 billion. However, an amount of Rs9.78 billion has been spend on extra-ordinary item during the year ended December 31, 2021.

    It is pertinent to mention that the US Federal Service imposed penalty to the tune of $55 million on the NBP for violating anti-money laundering rules in the US.

    READ MORE: USC, NBP complete integration for Ehsaas Rashan

  • Bitcoin to Pak Rupee on March 08, 2022

    Bitcoin to Pak Rupee on March 08, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pak Rupee (PKR) is Rs6,893,754.77 on March 08, 2022, in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs6,791,879.83 on March 07, 2022.

    The rate of Bitcoin in US Dollar (USD) is $38,766.75 on March 08, 2022 in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $38,173.96 on March 07, 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 07, 2022
  • Ripple to Pak Rupee on March 08, 2022

    Ripple to Pak Rupee on March 08, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pak Rupee (PKR) is Rs128.66 on March 08, 2022, in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs128.70 on March 07, 2022.

    The rate of Ripple in US Dollar (USD) is $0.72 on March 08, 2022, in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.72 on March 07, 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 07, 2022