KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as of January 12, 2022.
Following are the latest KIBOR rates:
| Tenor | BID | OFFER |
| 1 – Week | 9.70 | 10.20 |
| 2 – Week | 9.76 | 10.26 |
| 1 – Month | 9.84 | 10.34 |
| 3 – Month | 10.21 | 10.46 |
| 6 – Month | 11.21 | 11.46 |
| 9 – Month | 11.26 | 11.76 |
| 1 – Year | 11.31 | 11.81 |
To mark the 100th Anniversary of establishment of University of Engineering & Technology (UET), Lahore, the Government of Pakistan has decided to issue a commemorative coin of Rs.100.
(more…)Karachi, Pakistan – On Wednesday, the State Bank of Pakistan (SBP) released the official exchange rates for January 12, 2022, providing customers with valuable information based on the weighted average rates of commercial banks.
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KARACHI: The exchange rate of Bitcoin (BTC) in Pak Rupee (PKR) is Rs7,550,820.36 on January 12, 2022, in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs7,555,926.61 on January 11, 2022.
The rate of Bitcoin in US Dollar (USD) is $42,744.53 on January 12, 2022 in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $42,773.89 on January 11, 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.
KARACHI: The exchange rate of Ripple (XRP) in Pak Rupee (PKR) is Rs135.74 on January 12, 2022, in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs135.74 on January 11, 2022.
The rate of Ripple in US Dollar (USD) is $0.76 on January 12, 2022, in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.77 on January 11, 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.
KARACHI: The exchange rate of Dogecoin (DOGE) in Pak Rupee (PKR) is Rs27.30 on January 12, 2022, in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs26.82 on January 11, 2022.
The rate of Dogecoin in US Dollar (USD) is $0.15 on January 12, 2022, in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.15 on January 11, 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.
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the Karachi Interbank Offered Rates (KIBOR) as of January 11, 2022.
Following are the latest KIBOR rates:
| Tenor | BID | OFFER |
| 1 – Week | 9.73 | 10.23 |
| 2 – Week | 9.77 | 10.27 |
| 1 – Month | 9.84 | 10.34 |
| 3 – Month | 10.23 | 10.48 |
| 6 – Month | 11.22 | 11.47 |
| 9 – Month | 11.25 | 11.75 |
| 1 – Year | 11.30 | 11.80 |
KARACHI: The stocks observed volatile trading on Tuesday owing to surge in the cases of Omicron – the new variant of COVID-19.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,881.1 points as against previous day’s closing of 45,887.6 points, showing a decrease of 6.5 points.
READ MORE: Pakistan’s trade deficit swells by 100% in 1HFY22
Analysts at Arif Habib Limited said that the market remained volatile today due to rapid surge in the Covid-19 cases as within the past 10 days positivity rate has jumped from 1.08 percent to 3.66 percent showing an increase of 338.9 percent since the start of the New Year.
READ MORE: Headline inflation rises by 12.3% in December 2021
Profit taking was witnessed across the board. However, rally in banking sector was observed due to the expectation of foreign inflows. Activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks.
Sectors contributing to the performance include Cement (-31 points), E&P (-28 points), Technology & Communication (-20 points), Power (-10 points) and Tobacco (-10 points).
READ MORE: Tax exemptions worth Rs343 billion withdrawn through mini-budget
Volumes decreased from 356.9 million shares to 339.1 million shares (-5.0 per cent DoD). Traded value also decreased by 17.9 per cent to reach US$ 55.2 million as against US$ 67.2 million.
Stocks that contributed significantly to the volumes include WTL, HASCOL, UNITYR3, TRG and HUMNL.
READ MORE: Retail price of sugar may be abolished for sales tax
KARACHI: The dollar fell by five paisas against the Pak Rupee (PKR) on Tuesday owing to improved supply of the foreign currency for external payments.
The rupee ended at Rs176.63 to the dollar from previous day’s closing of Rs176.68 in the interbank foreign exchange market.
Currency experts said that the market witnessed sufficient supply from the banks to feed the demand for import and other external payments.
They said that dollar demand remained high during the day owing to rise in international oil and other commodity prices.
The experts said that the latest measures of the State Bank of Pakistan (SBP) helped the local currency to make gain. The central bank recently restricted the exporters to realize the export proceeds in 120 days instead of 150 days.
However, the rising import bill and falling foreign exchange reserves have still posed challenge to rupee stability in coming days.
The oil import bill of the country sharply increased by 112 per cent to $8.38 billion during first five months of the current fiscal year as compared with $3.94 billion in the corresponding months of the last fiscal year.
Similarly, the foreign exchange reserves of the country fell by $255 million to $24.019 billion by week ended December 31, 2021 as compared with $24.274 billion a week ago. The official foreign exchange reserves of the State Bank of Pakistan (SBP) fell by $170 million to $17.686 billion by week ended December 31, 2021 as compared with $17.856 billion a week ago.
Karachi, Pakistan – On Tuesday, the State Bank of Pakistan (SBP) disclosed the official exchange rates for January 11, 2022, offering customers crucial information based on the weighted average rates of commercial banks.
(more…)