Rupee gains 30 paisas to dollar at closing on August 19, 2022
The Pakistani Rupee (PKR) experienced a notable gain of 30 paisas against the US dollar on Friday, closing at Rs214.65 in the interbank foreign exchange market.
The Pakistani Rupee (PKR) experienced a notable gain of 30 paisas against the US dollar on Friday, closing at Rs214.65 in the interbank foreign exchange market.
KARACHI: The State Bank of Pakistan (SBP) on Thursday allowed exchange companies to enter into agreements with Authorized Dealers (ADs)/banks for disbursement of home remittances. The central bank invited attention of Exchange Companies (ECs) to instructions contained in Para 9 (ii), Chapter 3 of Exchange Companies Manual regarding the business of inward home remittances. READ […]
KARACHI: Pakistan has made it must for all international air passengers to declare foreign currency at the time of ticket booking. The country has taken the decision to comply with the conditions of Financial Action Task Force (FATF) for preventing money laundering and terror financing. READ MORE: Pakistan launches online currency declaration Sources in Civil […]
KARACHI: Pakistan Rupee eased for second straight day against US dollar on Thursday owing to rising demand for import and corporate payments. The exchange rate ended recorded a decline of seven paisas to end at Rs21.88 to the dollar from previous day’s closing of Rs214.95 in the interbank foreign exchange market. READ MORE: Dollar ends […]
KARACHI: National Bank of Pakistan (NBP) on Wednesday announced a sharp decline of 28 per cent in net profit for half year ended June 30, 2022. According to financial results submitted to Pakistan Stock Exchange (PSX), the bank announced Rs12.24 billion as profit after tax during the first half (January – June) of calendar year […]
KARACHI: The US dollar on Wednesday ended 11-day losing streak against Pakistani Rupee (PKR) to close at Rs214.88 in interbank foreign exchange market. The exchange rate witnessed a decline of 98 paisas in rupee value to close at Rs214.88 to the dollar from previous day’s closing of Rs231.90 in interbank foreign exchange market. READ MORE: […]
KARACHI: Allied Bank on Wednesday announced fall in profit by 23 per cent for half year ended June 30, 2022 mainly surge in tax payment by 121 per cent. According to financial results submitted to Pakistan Stock Exchange (PSX), Allied Bank declared profit after tax of Rs6.83 billion for the half year ended June 30, […]
KARACHI: MCB Bank on Wednesday announced sharp decline of 71 per cent in profit for the second quarter ended June 30, 2022. According to financial results submitted to Pakistan Stock Exchange (PSX), the bank announced profit after tax of Rs2.29 billion for the quarter ended June 30, 2022 as compared with Rs7.87 billion in the […]
KARACHI: Pakistani rupee (PKR) continued to make gain against the dollar for 11 consecutive days on Tuesday as exchange rate ended at Rs213.90 in interbank foreign exchange market. The exchange rate recorded a gain of eight paisas in rupee value to end at Rs213.90 to the dollar from previous day’s closing of Rs213.98 in the […]
KARACHI: Exchange Companies Association of Pakistan (ECAP) on Tuesday said that the State Bank of Pakistan (SBP) has allowed export of dollar. “Today [August 16, 2022] the SBP issued a circular to allow export of dollar,” said Malik Bostan, Chairman, ECAP in a statement. READ MORE: Dollar falls for ten straight days against Pakistani Rupee; […]