KARACHI, Aug 11 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Wednesday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 164.30 163.80 EURO EUR 192.89 192.30 JAPANESE YEN JPY 1.4851 1.4806 BRITISH POUND GBP 227.25 226.56 SWISS FRANC CHF 178.10 177.56 CANADIAN DOLLAR CAD 131.14 130.74… Continue reading NBP Exchange Rates
Category: Business
Business news from Pakistan
Foreign Currency Account Scheme
KARACHI, Aug 11 (APP): The Foreign Exchange Rates Committee of Financial Market Association of Pakistan issued the following Base Rate, here on Wednesday. FOREIGN CURRENCY ACCOUNTS SCHEME BBA BID MAXIMUM RATES R A T E S FOR PAYMENT OF WITH INTEREST BY VALUE DATE AUTHORIZED DEALERS U.S. DOLLARS VALUE 11-08-21 For 3 months and over… Continue reading Foreign Currency Account Scheme
Foreign exchange rates
KARACHI, Aug 11 (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Wednesday. LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS VIDE SBP F.E. CIRCULAR NO.42 & 21.07.98 & 04.08.98 RESPECTIVELY. LIBOR VALUE 6 MONTHS US DOLLAR 0.1496 11.08.2021 CONVERSION RATES FOR 11TH AUGUST… Continue reading Foreign exchange rates
Green line BRT to start from October: Asad Umar
ISLAMABAD, Aug 10 (APP):Minister for Planning, Development and Special Initiatives Asad Umar on Tuesday said the Green Line Bus Rapid Transit System (BRT) service in Karachi would become operational by October this year. “Prime Minister Imran Khan reviewed progress of five federal projects in Karachi transformation plan and Green line BRT will start from October… Continue reading Green line BRT to start from October: Asad Umar
Green line BRT to start from October: Asad Umar
ISLAMABAD, Aug 10 (APP) Minister for Planning, Development and Special Initiatives Asad Umar on Tuesday said the Green Line Bus Rapid Transit System (BRT) service in Karachi would become operational by October this year. “Prime Minister Imran Khan reviewed progress of five federal projects in Karachi transformation plan and Green line BRT will start from… Continue reading Green line BRT to start from October: Asad Umar
Workers’ remittances post $2.71 bn in July
ISLAMABAD, Aug 10 (APP):The overseas Pakistani workers’ remittances continued strong trend and remained above $ 2 billion mark for 14th consecutive month. “With inflows of $ 2.71 billion in July 2021, workers’ remittances continued their strong trend, remaining above $2.0 billion for the 14th consecutive month,” said a statement issued by State Bank of Pakistan… Continue reading Workers’ remittances post $2.71 bn in July
PSX gains 11 points to close at 47,135 points
ISLAMABAD, Aug 10 (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Tuesday, gaining 11.86 points, with a positive change of 0.03 per cent, closing at 47,135.48 points against 47,123.62 points on the last working day. A total of 370,038,860 shares were traded during the day compared to the… Continue reading PSX gains 11 points to close at 47,135 points
Rupee appreciates against dollar
ISLAMABAD, Aug 10 (APP):The exchange rate of Pakistan rupee appreciated by 15 paisas against the US dollar in interbank trading on Monday and closed at Rs163.75 as compared to the previous day’s closing of Rs163.90. According to Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded… Continue reading Rupee appreciates against dollar
Balochistan govt installs online tax collection system
ISLAMABAD, Aug 10 (APP):Balochistan government has installed online tax collection system in a bid to increase revenue collection and promote tax culture in the province. Balochistan Finance Minister Mir Zahoor Buledi said that the initiative would not only facilitate taxpayers in the province but also bring transparency in the system. The installation of online tax… Continue reading Balochistan govt installs online tax collection system
Fan exports increase 37.60% in FY 2020-21
ISLAMABAD, Aug 10 (APP):The exports of electric fan witnessed an increase of 37.60 percent during the fiscal year (2020-21) as compare to the corresponding period of last fiscal year. The country exported electric fan worth US $32.444 million during July-June (2020-21) as against the exports of US $23.579 million during July-June (2019-20), showing growth of… Continue reading Fan exports increase 37.60% in FY 2020-21
ADB appoints new country director for Pakistan
The Asian Development Bank (ADB) Tuesday announced it has appointed Yong Ye as its new Country Director for Pakistan, effective immediately. Mr. Ye will lead ADB’s operations in Pakistan and manage its Pakistan Resident Mission in Islamabad. Yong Ye will also oversee the implementation of ADB’s new country partnership strategy, 2021-2025, which focuses on improving… Continue reading ADB appoints new country director for Pakistan
Services trade deficit contracts 43.45% as exports increase by 9.19% in FY21
ISLAMABAD, Aug 10 (APP): The country’s services trade deficit contracted by 43.45 percent during the fiscal year 2020-21 as compared to the corresponding period of the previous year (2019-20). The services trade deficit during July-June (2020-21) was recorded at $1875.22 million against the deficit of $3315.97 million in July-June (2019-20), showing decline of 43.45 percent,… Continue reading Services trade deficit contracts 43.45% as exports increase by 9.19% in FY21
NBP Exchange Rates
KARACHI, Aug 10 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Tuesday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 164.20 163.70 EURO EUR 193.08 192.49 JAPANESE YEN JPY 1.4883 1.4838 BRITISH POUND GBP 227.37 226.68 SWISS FRANC CHF 178.55 178.01 CANADIAN DOLLAR CAD 130.53 130.13 AUSTRALIAN… Continue reading NBP Exchange Rates
Foreign exchange rates
KARACHI, Aug 10 (APP):The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following exchange rates bulletin, here on Tuesday. LIBOR FOR CALCULATING INTEREST ON SPECIAL US DOLLAR BONDS VIDE SBP F.E. CIRCULAR NO.42 & 21.07.98 & 04.08.98 RESPECTIVELY. LIBOR VALUE 6 MONTHS US DOLLAR 0.1494 10.08.2021 CONVERSION RATES FOR 10TH AUGUST 2021… Continue reading Foreign exchange rates
Finance minister stresses to prevent hoarding, undue profiteering in market
ISLAMABAD, Aug 9 (APP):Finance Minister, Shaukat Tarin on Monday stressed the need for meaningful interventions in the market by building strategic reserves of basic commodities to prevent hoarding and undue profiteering. Federal Minister for Finance and Revenue, Shaukat Tarin, chaired the meeting of National Price Monitoring Committee (NPMC) held at the Finance Division. In his… Continue reading Finance minister stresses to prevent hoarding, undue profiteering in market
Agriculture Credit disbursement remains resilient despite Covid-19 challenges: SBP
ISLAMABAD, Aug 09 (APP): Credit disbursement to agriculture sector increased to Rs1,366 billion in Fiscal Year 2020-21, witnessing a growth of 12 per cent over FY 2019-20, despite the ongoing challenges posed by Covid-19 pandemic and climate change. The disbursement is collective effort of 49 financial institutions which managed to achieve together 91 per… Continue reading Agriculture Credit disbursement remains resilient despite Covid-19 challenges: SBP
Exports increase by 16.44 pc in July
ISLAMABAD, Aug 09 (APP): The exports from the country witnessed an increase of 16.44 percent during the first month of the current fiscal year (2021-22) as compared to the corresponding month of last year, Pakistan Bureau of Statistics (PBS) reported Monday. According to PBS data, the exports from the country stood at $2.330 billion during… Continue reading Exports increase by 16.44 pc in July
Pak-Holland trade records 107.62% surplus in FY21
ISLAMABAD, Aug 9 (APP):Pakistan’s goods and services trade with Holland witnessed surplus of 107.62 percent during fiscal year (2020-21) as compared to the corresponding period of last year. The overall exports to Holland were recorded at $1118.093 million during July-June (2020-21) against exports of $982.263 million during July-June (2019-20), showing growth of 13.82 percent, according… Continue reading Pak-Holland trade records 107.62% surplus in FY21
Chemicals, pharmaceutical products’ exports witness 13.94% increase
ISLAMABAD, Aug 9 (APP):Chemicals and Pharmaceutical Products’ exports during the fiscal year of 2020-21 grew by 13.94 per cent as compared to the exports of the corresponding period of last year. During the period from July-June 20-21, chemicals and pharmaceutical products worth US $1,148,943 thousand exported as compared to worth US $1,008,407 thousand of same… Continue reading Chemicals, pharmaceutical products’ exports witness 13.94% increase
NBP Rates
KARACHI, Aug 09 (APP):EXCHANGE RATES FOR CURRENCY NOTES CURRENCY SELLING BUYING USD 165.59 161.82 GBP 229.65 224.38 EUR 194.73 190.61 JPY 1.5024 1.4680 SAR 44.16 43.14 AED 45.09 43.34 LIBOR LIBOR FOR CALCULATING INTEREST ON SPECIAL USD BONDS LIBOR 1M 0.09575 LIBOR 3M 0.12538 LIBOR 6M 0.14850 US DOLLAR Indicative FBP Rates CURRENCY SIGHT/ 15… Continue reading NBP Rates
- Naval Chief participates in 19th Western Pacific Naval Symposium in China
- Chinese minister felicitates Ahsan Iqbal on reappointment as Planning minister
- Heatwave amid Israel’s aggression in Gaza brings new misery, disease risk
- SC reinstates Balochistan Assembly Speaker, sets aside ECP decision
- Prime Minister Muhammad Shehbaz Sharif in a group photo with the high achiever women and girls in the field of IT
