Trends - banking - Business Recorder

banking

Never mind ADR loans, private credit is back with a bang

That’s right. Over the past three months – Aug to Nov ‘24 – credit to private sector businesses has increased by...

Published 24 Dec, 2024 08:47am

Pakistan Banking Awards: SBP governor appreciates role of FIs

KARACHI: The ninth edition of Pakistan Banking Awards 2024 was held on Friday evening with Governor State Bank of...

Updated 30 Nov, 2024 02:35pm

Business & Finance

Modernization: Meezan Bank partners with Systems and Temenos

KARACHI: Meezan Bank has partnered with Systems Limited and Temenos to modernize its core banking platform. The...

Published 29 Nov, 2024 07:03am

Opinion

Banking malpractice: penalising depositors and undermining economic growth

The recent decision by several banks in Pakistan to levy fees on high-value deposits has sparked nationwide debate...

Published 27 Nov, 2024 07:13am

Business & Finance

Shareholders inject $10m equity investment into TMB

KARACHI: Telenor Microfinance Bank (TMB) has received $10 million in equity investment from its shareholders, ...

Published 19 Nov, 2024 06:34am

BR Research

MCB banks on high CASA

MCB Bank Limited (MCB), true to its reputation and much to the shareholders’ delight, announced another interim...

Published 28 Oct, 2024 08:51am

Opinion

Banking on missteps: latest tax policy will distort financial system

One of the more short-sighted fiscal measures recently introduced is the higher tax on banking income from ...

Updated 28 Oct, 2024 08:35am

Business & Finance

Innovation in banking drives economic growth: SBP governor

KARACHI: Governor of the State Bank of Pakistan, Jameel Ahmad, has said that innovation in banking is the future and...

Published 03 Oct, 2024 06:31am

Business & Finance

Meezan Bank & Mastercard renew strategic partnership to enhance offerings for customers across country

KARACHI: Meezan Bank has announced the renewal of strategic partnership with Mastercard to enhance bank’s debit...

Published 06 Sep, 2024 07:04am

Business & Finance

Commerce Plex, Faysal Bank partner to revolutionise remittances

KARACHI: Commerce Plex, a wholly owned and fully licensed subsidiary of Simpaisa Holdings, is collaborating with...

Published 25 Jul, 2024 06:24am

World

US allows Cuban entrepreneurs conditional banking access

WASHINGTON: Private sector entrepreneurs in Cuba will be able to establish US bank accounts which they can remotely...

Published 30 May, 2024 06:19am

Business & Finance

Global Basel Committee bolsters rules for supervising banks

LONDON: The world’s forum for banking regulators on Thursday tightened up its rulebook to focus better on spotting...

Published 29 Apr, 2024 04:49am

Markets

Banking, E&P sectors lead rally

KARACHI: Pakistan Stock Exchange on Monday witnessed a bullish trend and closed on strong positive note with healthy...

Published 26 Mar, 2024 04:20am

Opinion

‘Large and long’?

Not much of what new finance minister, Muhammad Aurangzeb, said in his first official media interaction was new –...

Published 14 Mar, 2024 03:00am

Moody’s changes outlook on banking to stable from negative

ISLAMABAD: Moody’s Investors Services (Moody’s) has changed its outlook on the banking sector of Pakistan (Caa3...

Updated 08 Mar, 2024 09:45am

Business & Finance

Citi announces head of banking and executive vice chair of bank

KARACHI: Citi on Thursday announced that Viswas (“Vis”) Raghavan will join Citi as Head of Banking and Executive...

Published 02 Mar, 2024 04:16am

Business & Finance

Raqami partners with Codebase Technologies on digital banking

KARACHI: Raqami Islamic Digital Bank has entered into an exclusive agreement with Codebase Technologies to procure...

Published 19 Jan, 2024 05:37am

Opinion

AI - the bank of tomorrow

It is 2030. Imagine walking down I.I. Chundrigar Road Karachi. Imagine what will you see? Imagine if banking becomes...

Updated 03 Jan, 2024 05:58am

Business & Finance

Karandaaz issues ‘white paper’ on advantages, prospects of ‘open banking’

ISLAMABAD: Open banking in Pakistan has enabled consumers to manage and track their financial data and empowers them...

Updated 06 Dec, 2023 04:23pm

Pakistan

Recovery proceedings: Some borrowers denying cost of funds through settlements

LAHORE: Some borrowers are found denying cost of funds by entering into settlements with banks during the pendency ...

Published 11 Oct, 2023 03:10am

BR Research

The mystery of cash in circulation decline

Cash in circulation (CiC), a ratio to broad money -M2, in Pakistan is amongst one of the highest in the world, for...

Updated 09 Oct, 2023 01:20pm

Income tax law: FBR proposes new definition of word ‘banking’

Proposed draft amendments in the Income Tax Ordinance, 2001 issued for simplification and harmonization through the next Finance Bill, 2024

Updated 14 Aug, 2023 05:32pm

BR Research

Banking’s most eligible borrower?

If you had three guesses to answer that question, your answer would probably be government, power, and textile...

Published 15 Jun, 2023 08:42am

Editorials

Decline in workers’ remittances

EDITORIAL: Remittance inward flows declined to 22.74 billion dollars July-April 2023 against 26.14 billion dollars ...

Published 16 May, 2023 03:23am

Business & Finance

BAJK president visits retail banking division

MUZAFFARABAD: President and Chief Executive Officer of Bank of Azad Jammu and Kashmir Khawar Saeed, visited various...

Published 30 Dec, 2022 05:50am

BR Research

Big banks grow steadily

The 9MCY22 banking earning season has been a stellar one for the big 5 banks, on pretax profit grounds. The big five...

Published 15 Nov, 2022 08:58am

World

Banking crisis breakthroughs win Nobel economics prize for Bernanke, Diamond, Dybvig

STOCKHOLM: A trio of U.S. economists including former Federal Reserve Chair Ben Bernanke won this year's Nobel...

Published 10 Oct, 2022 09:07pm

Technology

Pakistan’s fintech OneLoad secures $11mn in funding: Systems Limited

Will utilise funding for business expansion, launching multiple new products and expanding services in the unbanked Pakistani market, says PSX notice

Updated 01 Aug, 2022 05:03pm

Business & Finance

SBP says banks/MFBs to keep selected branches open on Friday

The State Bank of Pakistan (SBP) on Thursday said that banks and microfinance banks (MFBs) will arrange to keep open...

Published 07 Jul, 2022 02:36pm

Pakistan

'Corporate layoffs a possibility now': Experts react to govt's imposition of 'super tax'

In a major development, the government on Friday imposed an extra one-time 10% tax called the super-tax on the...

Updated 24 Jun, 2022 07:45pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 14	280.68
USD PKR Interbank Buying / Apr 14	280.48
USD to Japanese Yen / Apr 14	142.49
USD to Swiss Franc / Apr 14	0.81
Pound Sterling to USD / Apr 14	1.32
Euro to USD / Apr 14	1.14
UK LIBOR % / Apr 11	4.96

Stock	Volume
S&P 500 / Apr 11	5,363.36
India Sensex / Apr 11	75,157.26
Nasdaq / Apr 11	16,724.46
Dow Jones / Apr 11	40,212.71
Tokyo Nikkei / Apr 14	33,982.36
Hang Seng / Apr 14	21,367.90
FTSE 100 / Apr 14	8,113.87
Germany DAX 30 / Apr 14	20,831.83
France CAC40 / Apr 14	7,259.65

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 11	16,785
Gold 10 Grams PKR / Apr 11	290,466
Petrol/Litre / Apr 14	254.63
Crude Oil USD/Barrel / Apr 14	61.28
Gold Spot USD/Ounce / Apr 14	3,229.53
Diesel/Litre / Apr 14	258.64
Cotton US¢/pound / Apr 14	67.08

Gainers
Losers
Leaders

Stock	Price
Pak Agro Pack. (GEM) / Apr 14 Pak Agro Packaging Limited (GEM)(GEMPAPL)	8.84 ▲ 0.99 (12.61%)
Ruby Textile / Apr 14 Ruby Textile Mills Limited(RUBY)	7.80 ▲ 0.86 (12.39%)
Tariq Corporation / Apr 14 Tariq Corporation Limited(TCORP)	14.69 ▲ 1.34 (10.04%)
Secure Logistics / Apr 14 Secure Logistics Group Limited(SLGL)	14.83 ▲ 1.35 (10.01%)
Engro Powergen / Apr 14 Engro Powergen Qadirpur Limited(EPQL)	35.27 ▲ 3.21 (10.01%)
Dandot Cement / Apr 14 Dandot Cement Company Limited(DNCC)	15.29 ▲ 1.39 (10%)
Bawany Air Products / Apr 14 Bawany Air Products Limited(BAPL)	31.80 ▲ 2.89 (10%)
J.K.Spinning / Apr 14 J.K. Spinning Mills Limited(JKSM)	64.35 ▲ 5.85 (10%)
PIA Holding Co.B / Apr 14 PIA Holding Company Limited B(PIAHCLB)	1,462.40 ▲ 132.95 (10%)
Frontier Ceram / Apr 14 Frontier Ceramics Limited(FRCL)	27.50 ▲ 2.5 (10%)

Stock	Price
Habib Ins. / Apr 14 Habib Insurance Company Limited(HICL)	7.95 ▼ -1.26 (-13.68%)
Oilboy Energy(R) / Apr 14 Oilboy Energy Limited(R)(OBOYR2)	1.62 ▼ -0.24 (-12.9%)
Fateh Ind. / Apr 14 Fateh Industries Limited(FIL)	119.56 ▼ -13.27 (-9.99%)
Sindh Abadgar / Apr 14 Sindh Abadgar's Sugar Mills Limited(SASML)	52.50 ▼ -5.83 (-9.99%)
TPL Life Insur. / Apr 14 TPL Life Insurance Limited(TPLL)	49.35 ▼ -5.46 (-9.96%)
Hafiz Ltd. / Apr 14 Hafiz Limited(HAFL)	255 ▼ -26.68 (-9.47%)
Baba Farid Sugar / Apr 14 Baba Farid Sugar Mills Limited(BAFS)	53 ▼ -5.43 (-9.29%)
Mughal Energy / Apr 14 Mughal Energy Limited(GEM)(GEMMEL)	20 ▼ -2.02 (-9.17%)
First Elite Cap.Mod / Apr 14 First Elite Capital Modaraba(FECM)	16 ▼ -1.59 (-9.04%)
Shahzad Tex. / Apr 14 Shahzad Textile Mills Limited(SZTM)	27.26 ▼ -2.61 (-8.74%)

Stock	Volume
Cnergyico PK / Apr 14 Cnergyico PK Limited(CNERGY)	54,444,707 ▲ 0.23
Pak Int.Bulk / Apr 14 Pakistan International Bulk Terminal(PIBTL)	45,023,605 ▲ 0.5
Pak Elektron / Apr 14 Pak Elektron Limited(PAEL)	40,742,036 ▼ -0.01
Sui South Gas / Apr 14 Sui Southern Gas Company Limited(SSGC)	38,084,018 ▲ 2.37
B.O.Punjab / Apr 14 The Bank of Punjab(BOP)	33,174,212 ▲ 0.16
Citi Pharma Ltd / Apr 14 Citi Pharma Limited(CPHL)	25,349,324 ▲ 1.66
WorldCall Telecom / Apr 14 Worldcall Telecom Limited(WTL)	15,776,896 ▲ 0.02
Power Cement / Apr 14 Power Cement Limited(POWER)	14,852,543 ▼ -0.08
Dewan Cement / Apr 14 Dewan Cement Limited(DCL)	14,486,660 ▲ 0.86
K-Electric Ltd. / Apr 14 K-Electric Limited(KEL)	13,484,387 ▼ -0.04

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