AGL 40.00 ▼ -0.16 (-0.4%)

AIRLINK 129.53 ▼ -2.20 (-1.67%)

BOP 6.68 ▼ -0.01 (-0.15%)

CNERGY 4.63 ▲ 0.16 (3.58%)

DCL 8.94 ▲ 0.12 (1.36%)

DFML 41.69 ▲ 1.08 (2.66%)

DGKC 83.77 ▼ -0.31 (-0.37%)

FCCL 32.77 ▲ 0.43 (1.33%)

FFBL 75.47 ▲ 6.86 (10%)

FFL 11.47 ▲ 0.12 (1.06%)

HUBC 110.55 ▼ -1.21 (-1.08%)

HUMNL 14.56 ▲ 0.25 (1.75%)

KEL 5.39 ▲ 0.17 (3.26%)

KOSM 8.40 ▼ -0.58 (-6.46%)

MLCF 39.79 ▲ 0.36 (0.91%)

NBP 60.29 ▼ 0.00 (0%)

OGDC 199.66 ▲ 4.72 (2.42%)

PAEL 26.65 ▼ -0.04 (-0.15%)

PIBTL 7.66 ▲ 0.18 (2.41%)

PPL 157.92 ▲ 2.15 (1.38%)

PRL 26.73 ▲ 0.05 (0.19%)

PTC 18.46 ▲ 0.16 (0.87%)

SEARL 82.44 ▼ -0.58 (-0.7%)

TELE 8.31 ▲ 0.08 (0.97%)

TOMCL 34.51 ▼ -0.04 (-0.12%)

TPLP 9.06 ▲ 0.25 (2.84%)

TREET 17.47 ▲ 0.77 (4.61%)

TRG 61.32 ▼ -1.13 (-1.81%)

UNITY 27.43 ▼ -0.01 (-0.04%)

WTL 1.38 ▲ 0.10 (7.81%)

BR100 10,407 220 (2.16%)

BR30 31,713 377.1 (1.2%)

KSE100 97,328 1781.9 (1.86%)

KSE30 30,192 614.4 (2.08%)

اردو

Nov 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Business & Finance Print 2023-10-28

Exchange companies: SBP gives NOCs to Allied Bank, MCB Bank

Recorder Report Published October 28, 2023

KARACHI: The State Bank of Pakistan (SBP) has issued the no-objection certificate (NOC) to Allied Bank Limited for establishing an exchange company in the name of ABL Exchange Company (Private) Limited.

The SBP has also issued the no-objection certificate to MCB Bank Limited for establishing an exchange company in the name of MCB Exchange Company (Private) Limited.

Both the banks informed this through separate material information sent to Pakistan Stock Exchange on Friday.

SBP ABL MCB Bank exchange companies NOCs

Comments

Comments are closed.

Javed Mir Oct 29, 2023 02:23pm

Should we take this decision by SBP as a positive induction that these two banks have enough credibility to do business with them. ?

Recommended (0)

Waheed ud din Oct 29, 2023 02:30pm

Let us be fair in dealing with with our economy. Is state bank sure that illegal transfer of money from the country will be stopped by this new arrangement or it is just an eye wash for general public. I believe that if rule and regulation for newly established bank foreign exchange copmpanies are the same as for privte foreign exchange companies, there will be no change in real nense except addition of new players in game.

Recommended (0)

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.16
USD PKR Interbank Buying / Nov 21	277.96
USD to Japanese Yen / Nov 21	154.53
USD to Swiss Franc / Nov 21	0.89
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 21	5,948.71
India Sensex / Nov 21	77,155.79
Tokyo Nikkei / Nov 21	38,026.17
Nasdaq / Nov 21	18,972.42
Hang Seng / Nov 21	19,601.11
FTSE 100 / Nov 21	8,149.27
Dow Jones / Nov 21	43,870.35
Germany DAX 30 / Nov 21	19,146.17

Item	Value
Crude Oil USD/Barrel / Nov 21	70.18
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,669.46
Cotton US¢/pound / Nov 21	70.43
Petrol/Litre / Nov 22	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 22 786 Investments Limited(786)	7.15 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 22 Al-Abbas Sugar Mills Limited(AABS)	620.68 ▼ 0.00 (0.00%)
Agro Allianz / Nov 22 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 22 Ali Asghar Textile Mills Limited(AATM)	69.40 ▼ 0.00 (0.00%)
Allied Bank / Nov 22 Allied Bank Limited(ABL)	115 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 22 Abbott Laboratories (Pakistan) Limited(ABOT)	1,084.82 ▼ 0.00 (0.00%)
Abson Ind. / Nov 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 22 Alfalah Consumer Index ETF.(ACIETF)	12.35 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 22 786 Investments Limited(786)	7.15 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 22 Al-Abbas Sugar Mills Limited(AABS)	620.68 ▲ 0.00 (0.00%)
Agro Allianz / Nov 22 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 22 Ali Asghar Textile Mills Limited(AATM)	69.40 ▲ 0.00 (0.00%)
Allied Bank / Nov 22 Allied Bank Limited(ABL)	115 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 22 Abbott Laboratories (Pakistan) Limited(ABOT)	1,084.82 ▲ 0.00 (0.00%)
Abson Ind. / Nov 22 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 22 Alfalah Consumer Index ETF.(ACIETF)	12.35 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 22 Worldcall Telecom Limited(WTL)	95,563,962 ▲ 0.00
Pace (Pak) Ltd. / Nov 22 Pace (Pakistan) Limited(PACE)	51,499,190 ▲ 0.00
Kohinoor Spining / Nov 22 Kohinoor Spinning Mills Limited(KOSM)	48,260,119 ▲ 0.00
K-Electric Ltd. / Nov 22 K-Electric Limited(KEL)	44,585,332 ▲ 0.00
Treet Battery / Nov 22 Treet Battery Limited(TBL)	42,849,466 ▲ 0.00
Waves Home Appliances / Nov 22 Waves Home Appliances Limited(WAVESAPP)	41,650,133 ▲ 0.00
PIA Holding Co.Ltd / Nov 22 PIA Holding Company Limited(PIAHCLA)	33,841,692 ▲ 0.00
Fauji Foods Ltd / Nov 22 Fauji Foods Limited(FFL)	25,303,681 ▲ 0.00
Cnergyico PK / Nov 22 Cnergyico PK Limited(CNERGY)	25,120,112 ▲ 0.00