Trends - SBP - Business Recorder

SBP

Incoming government and some important economic policy initiatives

High inflationary situation should be among the top most priorities of the incoming government. Over-board aggregate...

Published 01 Mar, 2024 02:59am

Forex reserves fall by $59m

KARACHI: The country’s total liquid foreign reserves fell by $59 million during the last week, the State Bank of...

Updated 01 Mar, 2024 08:27am

Editorials

Insulating regulators from govt interference

EDITORIAL: Reportedly, a much-needed amendments in Ogra (Oil and Gas Regulatory Authority) and Nepra (National...

Published 01 Mar, 2024 02:59am

Business & Finance

Monthly inflation rate projected to slow in February

KARACHI: Inflation is projected to hover around 24.5-25.5% in February, with expectations of further easing to...

Updated 01 Mar, 2024 11:08am

Markets

SBP-held foreign exchange reserves fall below $8bn

Debt repayments and lack of fresh inflows put pressure on dollar stockpile

Updated 29 Feb, 2024 11:12pm

SBP revises timelines for Banks’ Floating Exchange Rates

KARACHI: The State Bank of Pakistan (SBP) has revised the timelines for submission of data of Banks’ Floating...

Updated 29 Feb, 2024 08:50am

Conduct of business of banks: FTO has no jurisdiction to probe legality: IHC

ISLAMABAD: The Islamabad High Court (IHC) has declared that the Federal Tax Ombudsman (FTO) cannot assume the powers...

Updated 28 Feb, 2024 09:19am

Opinion

Utilisation of export proceeds for investments abroad, etc.

General: The State Bank of Pakistan has issued an EPD Circular Letter No 02 of 2024 dated February 23, 2024. Through...

Published 27 Feb, 2024 03:06am

Opinion

Federal govt’s TSA—A big step in the right direction

A Treasury Single Account (TSA) system reflects stronger internal controls over cash flows into and out of a...

Published 27 Feb, 2024 03:06am

Opinion

Outlook for BoP

The balance of payments (BoP) statistics released by the State Bank of Pakistan for the period July 2023 to January...

Published 27 Feb, 2024 03:06am

Business & Finance

HBL Zarai Services inaugurated in Burewala

LAHORE: HBL launched a new company, HBL Zarai Services, a significant step forward in the realm of agricultural...

Published 27 Feb, 2024 03:06am

Caretakers likely to amend Banking Companies Ordinance

ISLAMABAD: The federal government is likely to amend Banking Companies Ordinance, 1962, aimed at allowing voting...

Updated 25 Feb, 2024 10:11pm

Business & Finance

SBP official for greater focus on agri development

KARACHI: Deputy Governor State Bank of Pakistan (SBP) Saleem Ullah emphasized the need for greater focus on...

Published 24 Feb, 2024 06:42am

Opinion

An ‘appropriate’ finance minister, and the need for an over-arching ‘economic minister’

As a new elected government is about to come into office, there is talk of who should be the finance minister....

Updated 23 Feb, 2024 06:58am

Business & Finance

Forex decreases by $44m

KARACHI: The total liquid foreign reserves held by the State Bank of Pakistan (SB) decreased by $44 million to...

Published 23 Feb, 2024 06:36am

Business & Finance

Mobilink Bank witnesses 72pc revenue growth

KARACHI: Mobilink Bank achieved multiple financial milestones in 2023, solidifying its position in the banking...

Published 23 Feb, 2024 06:36am

Markets

SBP-held foreign exchange reserves decrease $44mn, now stand at $8.01bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $44 million on a weekly basis,...

Updated 22 Feb, 2024 10:31pm

Business & Finance

SBP official describes interest-based loans as form of oppression

KARACHI: Deputy Governor of the State Bank, Saleem Ullah during his address at the 2nd National Islamic Economic...

Published 22 Feb, 2024 06:55am

Business & Finance

Year ended on Dec 31, 2023: Bank of Punjab records 50pc growth in total assets

LAHORE: The Board of Directors of The Bank of Punjab (BOP) convened on Tuesday, to review and approve the Bank’s...

Published 21 Feb, 2024 05:29am

Markets

Roshan Digital Account inflow dips, clocks in at $142mn in Jan

Total number of RDA accounts opened reach 659,806, up from 651,057 at December-end

Updated 20 Feb, 2024 09:28pm

Jul-Jan FDI inflow down 21pc to $689.5m YoY

KARACHI: Pakistan witnessed net FDI outflow of $173 million during January 2024 as compared to net inflow of $236.7...

Published 20 Feb, 2024 09:34am

Opinion

Pakistan’s economy – way forward for 2024-25

Further to my article in Business Recorder in February 2023 titled “Redefining Pakistan’s Economy” that entailed a...

Published 20 Feb, 2024 03:09am

Business & Finance

Jul-Jan FDI inflow down 21pc to $689.5m YoY

KARACHI: Pakistan witnessed net FDI outflow of $173 million during January 2024 as compared to net inflow of $236.7...

Updated 20 Feb, 2024 09:42am

Jan CAD stands at $269m

KARACHI: Pakistan has recorded current account deficit (CAD) of $269 million in January 2024 as compared to current...

Updated 20 Feb, 2024 09:14am

Markets

Pakistan’s REER index surges to 101.7 in January

Pakistan’s Real Effective Exchange Rate (REER), a measure of the value of a currency against a weighted average of...

Updated 19 Feb, 2024 10:39pm

Markets

Pakistan’s current account posts deficit of $269mn in January 2024

Imports increase 11% on monthly basis, contributing to C/A deficit

Updated 19 Feb, 2024 09:15pm

Markets

Election outcome in Pakistan ‘may complicate’ new IMF deal: Fitch

Pakistan’s vulnerable external position means securing financing from multilateral and bilateral partners will be 'one of the most urgent issues on the agenda for the next government'

Updated 19 Feb, 2024 10:25pm

Credit guarantee schemes for EVs on the cards

ISLAMABAD: The government is likely to introduce a credit guarantee scheme for Electric Vehicles (EVs) through State...

Updated 19 Feb, 2024 08:53am

PPIB urges SBP to clear $789m ‘dues’ of IPPs

ISLAMABAD: Private Power & Infrastructure Board (PPIB) has urged State Bank of Pakistan (SBP) to clear “pending...

Updated 16 Feb, 2024 09:21am

Business & Finance

‘No request made for help for re-profiling or restructuring of industrial loans’: PALSP

ISLAMABAD This refers to erroneous reporting, perhaps due to an error in the minutes of the meeting floated by the...

Published 16 Feb, 2024 06:02am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	278.55
USD PKR Interbank Buying / May 16	278.25
USD to Japanese Yen / May 16	155.81
USD to Swiss Franc / May 16	0.91
Pound Sterling to USD / May 16	1.27
Euro to USD / May 16	1.09

Stock	Volume
S&P 500 / May 16	5297.10
India Sensex / May 16	73663.72
Tokyo Nikkei / May 16	38697.69
Nasdaq / May 16	16698.32
Hang Seng / May 16	19535.72
FTSE 100 / May 16	8438.65
Dow Jones / May 16	39869.38
Germany DAX 30 / May 16	18738.81

Item	Value
Crude Oil USD/Barrel / May 16	79.42
Karachi Cotton PKR/37.32 KG / May 16	19935
Gold 10 Grams PKR / May 16	210562
Gold Spot USD/Ounce / May 16	2377.52
Cotton US¢/pound / May 16	76.26
Petrol/Litre / May 17	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 17 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 17 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 17 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 17 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 17 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 17 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 17 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 17 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 17 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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