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foreign exchange

Nigeria naira hits record intra-day low of 429.75 per dollar

The naira opened for trade at 409.50 on Wednesday, exchange data showed, near its weakest on record of 410.50 per dollar reached two weeks ago.
The naira has been quoted at 480 naira to the dollar on the black market since last month, against the official rate of 381 naira set in July and backed by the central bank.

Published 24 Feb, 2021 07:27pm

Business & Finance

SBP initiates foreign exchange digitization

Mohammad Ashraf Khan, Managing Director, SBP Banking Services Corporation, said that the payment would be transparent and online.

Published 17 Feb, 2021 10:24am

Business & Finance

Raiffeisen Bank International buys FX, payment provider Akcenta

RBI said it plans to acquire 70% of Akcenta and its Czech subsidiary would buy the remaining 30%.
RBI, which did not say how much it agreed to pay, expects the acquisition to be closed by end of May.

Published 15 Feb, 2021 05:52pm

Markets

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (February 8 to...

Published 15 Feb, 2021 04:53am

Opinion

Liberalizing foreign exchange regime

One important factor in facilitating foreign capital (investment) inflow into the country is to allow it to move out...

Published 14 Feb, 2021 03:49am

Business & Finance

SBP’s reserves down by $82m

KARACHI: Total liquid foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $82 million to...

Updated 12 Feb, 2021 11:46pm

Editorials

Start-ups gain traction

EDITORIAL: In modern tech world, new businesses are growing in a shape which is vastly different from the...

Published 12 Feb, 2021 04:54am

Startups, fintechs and exports: SBP notifies revisions in chapter 20 of FE Manual

KARACHI: The State Bank of Pakistan (SBP) has notified revisions in chapter 20 of the Foreign Exchange Manual to...

Published 11 Feb, 2021 04:34am

Business & Finance

SBP Modernizes Foreign Exchange Regulations to facilitate Startups, Fintechs & Exports

The State Bank of Pakistan (SBP) has notified revisions in chapter 20 of the Foreign Exchange Manual to modernize foreign exchange regulations for facilitating startups, fintechs and exports in Pakistan.

Updated 10 Feb, 2021 09:56pm

Amendment to FE Manual proposed: SBP seeks to facilitate startups to raise convertible debt

KARACHI: The State Bank of Pakistan (SBP) has proposed amendment to the Foreign Exchange Manual to facilitate the...

Updated 10 Feb, 2021 09:39am

Markets

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (January 25 to...

Published 01 Feb, 2021 03:39am

Editorials

Freeing capital flows

EDITORIAL: One important element behind attracting investment is the ease with which capital enters and exits a...

Published 22 Jan, 2021 04:47am

Business & Finance

Bank of Israel seeks to prevent 'over-appreciation' of shekel

The central bank said on Thursday it planned to buy $30 billion of foreign currency in 2021 - up from $21 billion in 2020.
We are trying to prevent an over-appreciation of the currency (shekel) in the short term that will make it difficult for companies when the exchange rate comes back

Published 18 Jan, 2021 07:05pm

Business & Finance

Thai central bank to relax FX rules further to curb baht rise

Eased forex rules for non-resident firms.
Baht has gained nearly 11% since last April.
New virus curbs could contribute to baht strength.

Published 05 Jan, 2021 07:28pm

World

Sri Lanka tightens foreign exchange after worst GDP decline

International rating agencies have slashed Sri Lanka's credit worthiness after raising fears over the island's ability to repay its debt.

Published 04 Jan, 2021 05:51pm

Markets

Mexican peso gains as delay reported in contentious central bank bill

Mexico's lawmakers postpone disputed central bank bill: report.
US stimulus hopes weaken US dollar.
Brazil's V-shaped recovery to lose steam: central bank.

Published 16 Dec, 2020 01:55am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Tokyo Nikkei / May 17	38787.38
Nasdaq / May 17	16685.97
Hang Seng / May 17	19535.61
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 18	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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