Pkrevenue.com

Author: Faisal Shahnawaz

  • Dollar rises 39 paisas to PKR

    Dollar rises 39 paisas to PKR

    KARACHI: The US dollar gained 39 paisas against the Pak Rupee (PKR) on Wednesday due to increase in dollar demand for import payment.

    The rupee ended Rs174.89 to the dollar from previous day’s closing of Rs174.50 in the interbank foreign exchange market.

    READ MORE: Dollar ends up three paisas to PKR

    Currency experts said that high oil prices and rise in domestic demand increased the dollar demand for import payments.

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

    READ MORE: Rupee ends flat to dollar amid import payment demand

    The experts said that fate of the local currency would be dependent upon the demand for import payments.

    The import bill for the month of January 2022 fell by 22 per cent to $5.9 billion as compared with $7.58 billion in the previous month of December 2021.

    READ MORE: Dollar plunges by PKR 1.04 in interbank

    However, total import bill is still growing at 59 per cent to $46.47 billion during first seven months (July – January) 2021/2022 as compared with $29.25 billion in the corresponding period of the last fiscal year.

    READ MORE: PKR up 89 paisas to dollar as IMF okays Pak tranche

  • Customers’ exchange rates on February 09, 2022

    Customers’ exchange rates on February 09, 2022

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

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  • Bitcoin to Pak Rupee on February 09, 2022

    Bitcoin to Pak Rupee on February 09, 2022

    KARACHI: The exchange rate of Bitcoin (BTC) in Pak Rupee (PKR) is Rs7,573,563.03 on February 09, 2022, in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs7,716,471.03 on February 08, 2022.

    The rate of Bitcoin in US Dollar (USD) is $43,426.86 on February 09, 2022 in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $44,142.45 on February 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 February 08, 2022
  • Ripple to Pak Rupee on February 09, 2022

    Ripple to Pak Rupee on February 09, 2022

    KARACHI: The exchange rate of Ripple (XRP) in Pak Rupee (PKR) is Rs147.89 on February 09, 2022, in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs153.63 on February 08, 2022.

    The rate of Ripple in US Dollar (USD) is $0. 0.85 on February 09, 2022, in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.88 on February 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 February 08, 2022
  • Dogecoin to Pak Rupee on February 09, 2022

    Dogecoin to Pak Rupee on February 09, 2022

    KARACHI: The exchange rate of Dogecoin (DOGE) in Pak Rupee (PKR) is Rs27.20 on February 09, 2022, in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs28.84 on February 08, 2022.

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  • OICCI to hold Pakistan climate conference on March 16

    OICCI to hold Pakistan climate conference on March 16

    KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI), the collective voice of top foreign investors in Pakistan, Tuesday announced to organize ‘Pakistan Climate Conference 2022’ on March 16, 2022 to be held in Karachi.

    While announcing the date and unveiling the logo of the Conference, Ghias Khan, President OICCI, mentioned that Pakistan Climate Conference would build on learnings from COP 26 to identify and implement efforts needed to promote positive climate actions and reduce climate change impact in Pakistan.

    READ MORE: OICCI organizes Women Empowerment Awards

    “The event will bring together global climate experts, policy makers and corporate decision-makers to share learnings and best practices to help Pakistan develop necessary policy and climate interventions.”

    The Pakistan Climate Conference aims to start dialog on several critical areas to support Pakistan’s achievement of the Nationally Determined Commitments (NDC) made at COP26.

    READ MORE: Ghais Khan elected OICCI president

    This commitment aims to cut 50 per cent of projected emissions and achieve 60 per cent renewable energy by 2030. In addition, Pakistan has set the vision to work on clean transport, with 30 per cent electric vehicles by 2030 and trusting and investing in nature.

    Pakistan has a long way to go to demonstrate progress against its ambitious Nationally Determined Commitments (NDCs). The Pakistan Climate Conference aims to start dialogue on several critical areas that can help with policy direction and provide the best practices needed for the country to speed up its climate positive journey.

    READ MORE: OICCI expresses dismay over FBR action against mobile operator

    Abdul Razak Dawood, Adviser to PM on Commerce and Investment stated, “Climate change has an economic impact as well. I am confident that the Pakistan Climate Conference will lay the foundation for an action plan that will help Pakistan meet its global climate commitments and ensure the sustainability of its economy.”

    Amir Paracha, Vice President, OICCI, highlighted, “The Pakistan Climate Conference is being organized in a hybrid format, with speakers and participants joining physically and virtually. The Conference will provide best practices and a roadmap on areas such as reducing emissions and renewable energy, reducing waste, ensuring fair usage of water and better monitoring of positive climate actions.”

    READ MORE: OICCI members pay one third of total tax collection

  • Stocks end up 107 points in volatile trading

    Stocks end up 107 points in volatile trading

    KARACHI: Pakistan’s stocks ended up by 107 points on Tuesday amid volatile trading due to mounting international oil prices.

    The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 45,948 points as against 45,841 points, showing an increase of 107 points.

    READ MORE: Stocks shed 68 points despite initiating positive

    Analysts at Arif Habib Limited said that the market remained volatile during the day due to mounting international oil prices.

    Cement sector stayed under pressure due to higher international coal prices.

    READ MORE: Weekly Review: Sentiments to positive on PM China visit

    In the chemical sector, EPCL made the journey to the north as it announced tremendous financial result beating market expectations.

    Physiological level of 46,000 was unable to digest by the investors as profit taking was witnessed across the board. Main board activity remained gloomy.

    READ MORE: Stocks gain 47 points amid profit taking

    Activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks.

    Sectors contributing to the performance include Fertilizer (+80.9 points), Chemicals (+32.9 points), Inv. Banks (28.7 points), Textile Composite (23.8 points) and Power (+16.7 points).

    READ MORE: KSE-100 index ends down 256 points on profit taking

    Volumes increased from 150.1 million shares to 187.4 million shares (+24.8 per cent DoD). Traded value also increased by 13.5 per cent to reach US$ 40.7 million as against US$ 35.8 million.

    Stocks that contributed significantly to the volumes include HUMNL, EPCL, WTL, KEL and PAEL.

  • SBP issues KIBOR rates on February 08, 2022

    SBP issues KIBOR rates on February 08, 2022

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

    Following are the latest KIBOR rates:

     TenorBIDOFFER
    1 – Week9.7210.22
    2 – Week9.7710.27
    1 – Month9.8310.33
    3 – Month10.1310.38
    6 – Month10.4910.74
    9 – Month10.5811.08
    1 – Year10.6911.19
    SBP issues KIBOR rates on February 07, 2022
  • Dollar ends up three paisas to PKR

    Dollar ends up three paisas to PKR

    KARACHI: The US dollar gained three paisas against the dollar on Tuesday owing to demand of the foreign currency for import payments.

    The interbank foreign exchange market ended at Rs174.50 to the dollar from previous day’s closing of Rs174.47.

    READ MORE: Rupee ends flat to dollar amid import payment demand

    Currency experts said that the local unit was under pressure due to escalation in international oil prices during the past few days. However, the rupee recovered the losses on reports that the international prices eases.

    READ MORE: Dollar plunges by PKR 1.04 in interbank

    The benchmark Brent crude rose to $94 per barrel a day earlier, which was the highest since October 2014. However, the softening in tension between the US and Iran over civil nuclear issue the oil settled at over $92.

    READ MORE: PKR up 89 paisas to dollar as IMF okays Pak tranche

    Pakistan is dependent on imported oil and any change in international prices it directly hit the balance of payment. The high international prices resulted massive growth in oil import bill during the first half of the current fiscal year.

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

    READ MORE: Rupee gains two paisas against dollar

  • Customers’ exchange rates on February 08, 2022

    Customers’ exchange rates on February 08, 2022

    Karachi, February 08, 2022: The State Bank of Pakistan (SBP) has issued the official exchange rates for February 08, 2022, providing valuable information on currency values against the Pakistani Rupee.

    (more…)