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Bank of China

Bank of China President Liu Jin resigns

BEIJING: Bank of China Vice Chairman and President Liu Jin resigned for personal reasons effective on Sunday, the...

Published 26 Aug, 2024 07:01am

World

IMF approves second review of Sri Lanka’s $2.9bn bailout, warns of economic risks

COLOMBO: The International Monetary Fund (IMF) approved the second review of Sri Lanka’s $2.9 billion bailout, but...

Published 13 Jun, 2024 10:52am

World

China’s Xi announces over $100 billion in new Belt and Road funding

BEIJING: Beijing will inject over $100 billion of new funding into its Belt and Road initiative, President Xi...

Published 18 Oct, 2023 01:20pm

$10bn refinery: PSO interacting with Bank of China/Sinopec

ISLAMABAD: Pakistan State Oil (PSO) is reportedly interacting with Bank of China/Sinopec for establishment of either...

Updated 10 Oct, 2023 09:52am

Business & Finance

Bank of China’s branch opens in Islamabad: Chinese banks provided support in turbulent times: Dar

ISLAMABAD: Finance Minister Ishaq Dar has stated that Pakistan was provided support by the Bank of China, ICBC, and...

Published 01 Aug, 2023 06:19am

Markets

China, Hong Kong stocks rise on stimulus hope

SHANGHAI: Stocks in China and Hong Kong rose on Friday in their best weekly performance in five months, as investor...

Published 19 Jun, 2023 06:55am

Pakistan

Securing refinancing: govt cleared dues of Chinese banks in advance, says Ishaq Dar

Finance minister says $300 million expected from China in 3-5 days

Published 17 Jun, 2023 07:04pm

Reserves, IMF term: $1bn Chinese loan received

KARACHI: Pakistan on Friday night received $1 billion inflows from China as loan to build the depleting foreign...

Updated 17 Jun, 2023 08:58am

Business & Finance

China cuts reserve ratio given domestic pressures, overseas risks

SHANGHAI: China’s central bank made a “timely” move by pumping liquidity into the banking system to respond to...

Published 18 Mar, 2023 10:45am

Foreign assistance: $20.073bn undisbursed balance as of end Sept 2022: EAD

ISLAMABAD: The foreign economic assistance of $20.073 billion was undisbursed balance as of end September 2022, says...

Updated 10 Mar, 2023 08:39am

Markets

Bank of China lists $300mn bonds on Nasdaq Dubai

DUBAI: Bank of China, one of China’s top four state-owned banks, has listed $300 million bonds on Nasdaq Dubai, the...

Published 13 Dec, 2022 06:06pm

Opinion

China’s top banks to issue offshore loans to help developers repay debt

China has ordered its top four state-owned banks to issue offshore loans to help developers repay overseas debt,...

Published 03 Dec, 2022 05:51am

Pakistan

Pakistan seeks support from Bank of China to bring back macroeconomic stability

ISLAMABAD: Pakistan has sought support from the Bank of China to bring back macroeconomic stability, the South Asian...

Updated 01 Dec, 2022 05:47pm

Business & Finance

Yuan weakens

SHANGHAI: China’s yuan weakened against a strong greenback on Wednesday, despite a steady midpoint fixing, with...

Published 20 Oct, 2022 05:36am

Markets

Aluminium staggers lower on recession fears

LONDON: Aluminium and some other base metal prices slumped on Tuesday as concern grew that a global economic ...

Published 12 Oct, 2022 05:46am

Using RMB/PKR in bilateral trade: PM directs SBP to hold meetings with Chinese banks

Finance Division has been directed to take immediate measures to address the liquidity issues of CPEC IPPs

Updated 06 Jun, 2022 09:42am

Business & Finance

Financial, economic progress: Miftah Ismail lauds contribution of Bank of China

ISLAMABAD: Wang Jie, Country Head and CEO, Bank of China Pakistan Operations, called on Federal Minister for Finance...

Updated 31 May, 2022 10:30am

Markets

Chinese banks limit financing for Russian purchases

BEIJING: Several Chinese public banks are limiting financing to purchase raw materials from Russia for fear of...

Published 26 Feb, 2022 02:39pm

Business & Finance

China issues draft rules on perpetual bonds sales by insurance companies

BEIJING: China’s central bank and banking and insurance regulator issued draft rules on Friday on the issuance of...

Published 22 Nov, 2021 05:31am

Pakistan

ICBC Karachi Branch holds webinar on CIPS

KARACHI: Speakers, at a webinar organized by Industrial and Commercial Bank of China (ICBC) Karachi Branch, believed...

Published 22 Oct, 2021 04:13am

Markets

China's yuan jumps to 4-month high as property concerns ebb

SHANGHAI: China's yuan leapt to a four-month high against the dollar on Tuesday, aided by market expectations that...

Published 19 Oct, 2021 12:19pm

Business & Finance

Chinese central bank boss vows to further fintech crackdown

BEIJING: China will strengthen supervision of the online payments industry and continue its anti-monopoly crackdown,...

Published 09 Oct, 2021 04:10am

Markets

Top steelmaker China Baowu plans 50bn yuan carbon fund

BEIJING: The world’s biggest steel producer China Baowu Steel Group has signed an agreement with partners on...

Published 16 Jul, 2021 04:34am

Markets

Copper prices slips

LONDON: Copper prices lost ground in low volumes on Wednesday on tepid demand in top metals consumer China and...

Published 15 Jul, 2021 04:03am

Markets

Bitcoin drops below $30,000 as relentless China crackdown weighs

Bitcoin tumbled 11% on Monday, its largest one-day drop in over a month, with losses of nearly 30% in the last week alone almost wiping out gains for the year-to-date.

Published 22 Jun, 2021 11:28pm

Markets

China bars banks from selling commodities-linked products to retail buyers

BEIJING: China’s banking regulator has asked lenders to stop selling investment products linked to commodities...

Published 27 May, 2021 03:40am

Business & Finance

Bitcoin tumbles below $40,000 after China issues warning

The central bank has also sought to promote its own heavily regulated digital yuan, which it is testing across the country in pilot schemes.

Published 19 May, 2021 11:21am

Markets

Copper bounces back as bullish investors bet on shortages

LONDON: Copper prices rebounded on Tuesday as investors renewed their buying spree, hoping that supply constraints...

Published 12 May, 2021 04:23am

Sri Lanka gets $500m South Korean loan

COLOMBO: Sri Lanka said Monday it had secured a $500 million loan from South Korea, a month after a similar loan ...

Published 11 May, 2021 04:39am

Markets

Copper climbs on Chinese factory data, infrastructure hopes

A stronger U.S. currency makes dollar-priced metals more expensive and less appealing to holders of other currencies.

Updated 01 Apr, 2021 12:01am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	153.56
USD to Swiss Franc / Dec 17	0.89
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
India Sensex / Dec 17	80,684.45
Tokyo Nikkei / Dec 17	39,164.26
Nasdaq / Dec 17	20,109.06
Hang Seng / Dec 17	19,815.30
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37

Item	Value
Crude Oil USD/Barrel / Dec 17	70.11
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Gold Spot USD/Ounce / Dec 17	2,644.07
Cotton US¢/pound / Dec 17	68.53
Petrol/Litre / Dec 18	252.10

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	7.87 ▲ 0.76 (10.69%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Nimir Resins / Dec 18 Nimir Resins Limited(NRSL)	35.16 ▲ 3.20 (10.01%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Diamond Ind. / Dec 18 Diamond Industries Limited(DIIL)	20.90 ▲ 1.90 (10.00%)
Leather Up Ltd. / Dec 18 Leather Up Limited(LEUL)	26.74 ▲ 2.43 (10.00%)

Stock	Price
Equity Modaraba / Dec 18 First Equity Modaraba(FEM)	3.01 ▼ -0.43 (-12.50%)
Dewan Textile / Dec 18 Dewan Textile Mills Limited(DWTM)	5.67 ▼ -0.77 (-11.96%)
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
Din Tex. / Dec 18 Din Textile Mills Limited(DINT)	45.90 ▼ -5.10 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)
Calcorp Ltd / Dec 18 Calcorp Limited(CASH)	26.22 ▼ -2.91 (-9.99%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.20 ▼ -2.20 (-9.82%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.11
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.32
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.49
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▼ -0.01
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -0.38
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.38
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.01
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▼ -3.24
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▼ -0.14

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