KARACHI: The buying rate of 1 USD to PKR was Rs 220.233 and the selling rate of 1 USD to PKR was Rs 222.233 in the interbank market on 26 Oct 2022. Meanwhile, the following are the rates of the US Dollar, Saudi Riyal, UAE Dirham, UK Pound, and other foreign currencies in the interbank market today. USD TO PKR currency exchange rates 1 USD 220.233 PKR 5 USD 1,101.16 PKR 10 USD 2,202.33 PKR 25 USD 5,505.81 PKR 50 USD 11,011.6 PKR
Author: Web Desk
KARACHI: The buying rate of 1 AED to PKR was Rs 59.9606 and the selling rate of 1 AED to PKR was Rs 60.00 in the interbank market on 26 Oct 2022. Meanwhile, the following are the rates of the US Dollar, Saudi Riyal, UAE Dirham, UK Pound, and other foreign currencies in the interbank market today. AED TO PKR currency exchange rates 1 AED 59.9606 PKR 5 AED 299.803 PKR 10 AED 599.606 PKR 25 AED 1,499.02 PKR 50 AED 2,998.03 PKR
[ad_1] A foreign currency dealer counts US dollar notes at a currency market in Karachi on July 19, 2022. — AFPPakistan’s benchmark five-year CDS increases by 3,071 basis points.Yields on Pakistan’s dollar-denominated bonds continue to rise.Research head says repaying amount of upcoming maturity would give confidence to market.KARACHI: Following the rating downgrades and rising concerns about debt restructuring among international investors about Pakistan’s ability to meet its bond obligations, the cost of insuring the nation’s sovereign debt against default rose to a 13-year high, The News reported. According to data released by Arif Habib, Pakistan’s benchmark five-year credit default swap (CDS) hit the highest level since November…
[ad_1] A liquefied natural gas (LNG) tanker is tugged towards a thermal power station. — Reuters/FileLNG used by the domestic sector in the winter season cannot be charged from consumers as RLNG is a ring-fenced commodity.Official says country’s gas sector is already soaked in mammoth circular debt of Rs1,500 billion. Petroleum Division in touch with Finance Ministry for finalisation of more subsidies to pay LNG cost not recovered, so far.ISLAMABAD: With the country already struggling with inflation and a looming gas deficit, government is in a fix on zeroing a quantity it should divert of the costly imported RLNG to…
[ad_1] A representational image of investors looking at the trading screen. — Reuters/FileKSE-100 index falls 157 points to close at 42,190.02 points.Rollover week effect weighs on trade.Investor participation remains low.KARACHI: Stocks teetered down on Tuesday as profit-booking continued unabated despite the announcement of some robust financial results by the market giants, while the rollover week effect also kicked in later in the day.The benchmark KSE-100 index lost 157 points or 0.37% to close at 42,190.02 points.Arif Habib Limited in a post-market note said one of the reasons that kept the capital market under pressure was the ongoing rollover week. “Despite…
[ad_1] Prime Minister Shehbaz Sharif addresses the Future Investment Initiative Summit on October 25, 2022. — PID/FilePM Shehbaz fully prepared to invest in younger generation.”Market expanding with young and growing population,” PM says.Premier shares Pakistan fourth most popular country for freelancing.ISLAMABAD: Prime Minister Shehbaz Sharif Tuesday said Pakistan was “ripe” for market innovation as its new generation of entrepreneurs were turning their energy and focus toward disruptive innovations and keeping traditional businesses at bay.The prime minister’s comments came during his attendance at the Future Investment Initiative Summit in Riyadh, Saudi Arabia.“I am fully prepared to invest the resources of my government in providing…
[ad_1] Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich on November 20, 2014. — ReutersGold price settles at Rs148,400 per tola in Pakistan. It gains Rs2,000 per tola in last two sessions. Silver prices remains unchanged in local market. KARACHI: Gold extended gains and surpassed the psychological threshold of Rs148,000 per tola after seasonal demand picked up pace amid the wedding season.Data released by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA) showed that the price of the precious metal rose by Rs700 per tola and Rs601 per 10 grams to settle at Rs148,400…
[ad_1] Image showing the exterior of the Supreme Court of Pakistan’s building in Islamabad. — Supreme Court wesite“The court did not have expertise in financial matters. The questions asked in the reference are very broad, clarify them,” says CJP.CJP Bandial says that the questions asked in the reference are very broad and directs to clarify them.The top court directs the additional attorney general to propose names of judicial assistants in the case and adjourned the hearing.ISLAMABAD: Chief Justice of Pakistan (CJP) Umar Ata Bandial Tuesday remarked that it was not the job of the apex court to give an opinion on…
[ad_1] A currency dealer counts Pakistani rupees and U.S. dollars at his shop in Karachi, October 8, 2008. — ReutersRupee closes at 219.73 against dollar in interbank market. Market is anticipating inflows of $1.5bn from ADB. Dealers are hopeful that support from multilateral creditors would help boost reserves. KARACHI: The Pakistani rupee continued to strengthen against the US dollar falling below the psychological barrier of Rs220 in hopes of early disposal of Asian Development Bank (ADB) loans to assist Pakistan in devastating floods. The local currency closed at 219.73 against the US dollar after gaining Rs0. 68, or 0.31%, compared to Monday’s close…
[ad_1] Prime Minister Shehbaz Sharif (L) and Governor Riyadh Prince Faisal Bin Bandar Bin Abdulaziz Al-Saud in Riyadh, Saudi Arabia on October 24, 2022. — Twitter Pakistan seeks additional financial support.Considers making requests for allowing KSA aid for utilisation of budgetary support. PM Shehbaz to request China for rollover of SAFE deposits, commercial loans to tune of $6.3 billionISLAMABAD: Prime Minister Shehbaz Sharif, during his visit to Saudi Arabia, will discuss with the kingdom’s authorities the rollover of $3 billion deposits and additional financial support, The News reported. Pakistan currently needs immediate financial support from friendly countries such as Saudi Arabia and China and also from the…