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Author: Faisal Shahnawaz

  • Dogecoin to Pak Rupee on February 15, 2022

    Dogecoin to Pak Rupee on February 15, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pak Rupee (PKR) is Rs26.30 on February 15, 2022, in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs25.37 on February 14, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.15 on February 15, 2022, in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.14 on February 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 February 14, 2022
  • SBP issues KIBOR rates on February 14, 2022

    SBP issues KIBOR rates on February 14, 2022

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

    Following are the latest KIBOR rates:

     TenorBIDOFFER
    1 – Week9.7610.26
    2 – Week9.7910.29
    1 – Month9.8610.36
    3 – Month10.1810.43
    6 – Month10.5410.79
    9 – Month10.6311.13
    1 – Year10.7310.23
    SBP issues KIBOR rates on February 11, 2022
  • Stocks plunge 435 points on rising international oil prices

    Stocks plunge 435 points on rising international oil prices

    KARACHI: Pakistan stocks plunged by 435 points on Monday as crude oil prices surged to seven-year high in the international markets.

    The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,644 points as against last Friday’s closing of 46,079.37 points, showing a decrease of 435 points.

    READ MORE: Stocks gain 139 points in range-bound trading

    Analysts at Arif Habib Limited said that bloodbath session was witnessed today as crude oil prices surged to a seven-year high in the international markets amid intensifying tensions between Ukraine and Russia.

    Cement sector stayed under pressure due to higher international coal prices. Across the board selling was recorded as investors opted for risk-averse approach. Main board activity remained dull.

    READ MORE: Stocks plummet by 400 points in dull trading

    On the flip-side, activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks.

    Sectors contributing to the performance include Commercial Banks (-76.6 points), Technology (-63.1 points), Fertilizer (-53.6 points), Cement (-42.6 points) and Engineering (-31.9 points).

    READ MORE: Stocks gain 392 points in bullish trading

    Volumes increased from 170.6 million shares to 187.8 million shares (+10.1 per cent DoD). Traded value decreased by 23.0 per cent to reach US$ 33.9 million as against US$ 44.0 million.

    Stocks that contributed significantly to the volumes include WTL, TELE, GGL, TRG and TPLP.

    READ MORE: Stocks end up 107 points in volatile trading

  • Customers’ exchange rates on February 14, 2022

    Customers’ exchange rates on February 14, 2022

    KARACHI: The State Bank of Pakistan (SBP) on Monday issued customers’ exchange rates for February 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
    AED47.698747.8097
    AUD124.6648124.9624
    CAD137.5099137.8206
    CHF189.1961189.6379
    CNY27.540627.6028
    EUR198.6804199.1552
    GBP237.0812237.6435
    JPY1.51701.5206
    SAR46.672546.7793
    USD175.0763175.4991
    Customers’ exchange rates on February 11, 2022
  • Dollar jumps up by 76 paisas to PKR on high oil prices

    Dollar jumps up by 76 paisas to PKR on high oil prices

    KARACHI: The US dollar jumped up by 76 paisas against the Pak Rupee (PKR) on Monday owing to surge in international oil prices.

    The rupee ended Rs175.47 to the dollar from last Friday’s close of Rs174.71 in the interbank foreign exchange market.

    READ MORE: Dollar slips 16 paisas to PKR on rising forex reserves

    The benchmark Brent crude has recorded seven-year high at above $95.68 per barrel on Monday. Pakistan is net importer of petroleum products.

    The country’s oil import bill massively increased by 113.40 per cent to $10.18 billion during the first half (July –December) 2021/2022 as compared with $4.77 billion in the same period of the last fiscal year.

    READ MORE: Dollar softens by two paisas to PKR

    The international oil prices are showing upward trend due to Russia – Ukraine standoff. Experts believe further escalation of Russian army at Ukraine borders would further pressure the dollar demand in domestic market.

    The rupee was remained stable during the last week. The inflows from the IMF and Sukuk proceeds strengthened the foreign exchange reserves of the country.

    READ MORE: Dollar rises 39 paisas to PKR

    The total liquid foreign exchange reserves of the country increased by $1.637 billion to $23.721 billion by the week ended February 04, 2022 as against $22.084 billion by the week ended January 28, 2022. The official reserves of the State Bank climbed up by $1.61 billion to $17.337 billion by the week ended February 04, 2022 as compared with $15.727 billion a week ago.

    READ MORE: Dollar ends up three paisas to PKR

  • Bitcoin to Pak Rupee on February 14, 2022

    Bitcoin to Pak Rupee on February 14, 2022

    The exchange rate of Bitcoin (BTC) experienced a slight decline in both Pakistani Rupee (PKR) and US Dollar (USD) on February 14, 2022, in the open exchange market. Bitcoin was valued at Rs7,332,625.55, compared to Rs7,415,645.93 on February 13, 2022. Similarly, the rate of Bitcoin in USD dropped to $41,833.60 from $42,290.50 the previous day.

    (more…)
  • Tax officials barred from direct freezing bank accounts

    Tax officials barred from direct freezing bank accounts

    KARACHI: The Sindh government has barred the officials of provincial tax authorities from freezing bank accounts for making tax recovery without approval.

    (more…)
  • Bitcoin to Pak Rupee on February 13, 2022

    Bitcoin to Pak Rupee on February 13, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pak Rupee (PKR) is Rs7,415,645.93 on February 13, 2022, in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs7,424,048.71 on February 12, 2022.

    The rate of Bitcoin in US Dollar (USD) is $42,290.50 on February 13, 2022 in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $42,459.53 on February 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 February 12, 2022
  • Ripple to Pak Rupee on February 13, 2022

    Ripple to Pak Rupee on February 13, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pak Rupee (PKR) is Rs144.60 on February 13, 2022, in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs135.64 on February 12, 2022.

    The rate of Ripple in US Dollar (USD) is $0.82 on February 13, 2022, in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.78 on February 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 February 12, 2022
  • Dogecoin to Pak Rupee on February 13, 2022

    Dogecoin to Pak Rupee on February 13, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pak Rupee (PKR) is Rs25.36 on February 13, 2022, in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs25.45 on February 12, 2022.

    The rate of Dogecoin in US Dollar (USD) is $0.14 on February 13, 2022, in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.15 on February 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 February 12, 2022