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SECP increases paid up capital requirement for insurance companies

Web Desk 03:52 PM | 25 Aug, 2015
SECP increases paid up capital requirement for insurance companies
ISLAMABAD (Web Desk) – The Securities and Exchange Commission of Pakistan (SECP) has increased the minimum paid up capital requirement for insurance companies by two hundred million rupees.

The Commission amended the rules under which the baseline paid-up capital requirement for non-life and life insurance companies has been prescribed as 500 million rupees and 700 million rupees respectively.

These new capital requirements would be applied in a phased manner. The existing insurance companies would be allowed a period of two years to meet the said requirements.

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Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on March 29, 2023

KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on March 29, 2023 (Wednesday)

Source: Forex Association of Pakistan. (last update 09:00 AM) 

Currency Symbol Buying Selling
US Dollar ‎USD 284.2 287.25
Euro EUR 305.5 308.5
UK Pound Sterling GBP 347.5 351
U.A.E Dirham AED 77.2 78
Saudi Riyal SAR 76 76.7
Australian Dollar AUD 188 190.4
Bahrain Dinar BHD 754.37 762.37
Canadian Dollar CAD 206 208.2
China Yuan CNY 41.44 41.84
Danish Krone DKK 41.07 41.47
Hong Kong Dollar HKD 35.92 36.27
Indian Rupee INR 3.45 3.56
Japanese Yen JPY 2.06 2.11
Kuwaiti Dinar KWD 925.52 934.52
Malaysian Ringgit MYR 62.85 63.45
New Zealand Dollar NZD 175.57 177.59
Norwegians Krone NOK 26.33 26.64
Omani Riyal OMR 736.76 744.71
Qatari Riyal ‎QAR 77.92 78.62
Singapore Dollar SGD 209.5 211.5
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 309.5 312
Thai Bhat THB 8.3 8.45

Today's gold rates in Pakistan – 29 March 2023

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 205,700 on Wednesday. The price of 10 grams of 24k gold was recorded at Rs176,360.   

Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,880.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 205,700 PKR 2,445
Karachi PKR 205,700 PKR 2,445
Islamabad PKR 205,700 PKR 2,445
Peshawar PKR 205,700 PKR 2,445
Quetta PKR 205,700 PKR 2,445
Sialkot PKR 205,700 PKR 2,445
Attock PKR 205,700 PKR 2,445
Gujranwala PKR 205,700 PKR 2,445
Jehlum PKR 205,700 PKR 2,445
Multan PKR 205,700 PKR 2,445
Bahawalpur PKR 205,700 PKR 2,445
Gujrat PKR 205,700 PKR 2,445
Nawabshah PKR 205,700 PKR 2,445
Chakwal PKR 205,700 PKR 2,445
Hyderabad PKR 205,700 PKR 2,445
Nowshehra PKR 205,700 PKR 2,445
Sargodha PKR 205,700 PKR 2,445
Faisalabad PKR 205,700 PKR 2,445
Mirpur PKR 205,700 PKR 2,445

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