Trends - banking system - Business Recorder

banking system

Importance of riba-free banking for a developing country like Pakistan

Riba-free (interest-free) banking is a key principle of Islamic finance, which prohibits interest on loans, viewing...

Updated 12 Oct, 2024 08:31am

Global moot highlights opportunities for growth, innovation in Islamic banking

KARACHI: A high-level international conference titled CotIB -“Conversion to Islamic Banking” highlighted...

Updated 21 Aug, 2024 08:51am

Business & Finance

Temenos & Systems Ltd collaborate with Meethaq Islamic Banking

LAHORE: Meethaq Islamic Banking, a part of Bank Muscat the largest banking institution in Oman, has achieved a...

Published 04 Jun, 2024 06:28am

Business & Finance

US banking system ‘well-capitalized’ despite risks: Yellen

WASHINGTON: US Treasury Secretary Janet Yellen said Thursday that the country’s banking system is “well-capitalized”...

Published 08 Feb, 2024 11:31pm

World

Afghan FM calls for ‘constructive engagement’ with Int’l community

KABUL: Afghanistan’s foreign minister on Monday called for “constructive engagement” with the international...

Published 30 Jan, 2024 04:52am

Banks’ retail transactions: Q1 share of digital payments soars to 80pc

KARACHI: The share of digital payments in retail transactions of the banking system increased to 80 percent during...

Updated 31 Dec, 2023 07:19pm

Opinion

No justification for such fiscal profligacy

This is apropos a Business Recorder news item “Budgetary support during Jul 1-Dec 16, 2023 period: Govt borrowing...

Published 28 Dec, 2023 04:52am

Budgetary support during Jul 1-Dec 16, 2023 period: Govt borrowing jumps 200pc to Rs2.876trn YoY

Entire amount was borrowed from the SBP and scheduled banks to finance the fiscal deficit

Updated 27 Dec, 2023 09:54am

Editorials

SBP Vision 2028

EDITORIAL: It’s easy to lose one’s way in the complex and sometimes deliberately vague language of financial...

Published 22 Nov, 2023 05:48am

SBP allows ASA Microfinance Bank to commence operations

KARACHI: The State Bank of Pakistan (SBP) has allowed ASA Microfinance Bank (Pakistan) Limited to commence...

Updated 15 Nov, 2023 08:51am

Opinion

Loss-making SOEs must be privatized

The SOEs are required to be privatised. This compulsion is driven by no other reason than that going forward, no...

Updated 14 Oct, 2023 06:09am

Aug-Oct auction calendar: Govt plans to borrow Rs11.09trn from banks

KARACHI: The federal government has planned to borrow Rs 11.09 trillion from the domestic banking system during the...

Updated 08 Aug, 2023 09:41am

Markets

India says banking system sheltered from wider sector turmoil

NEW DELHI: India’s Financial Stability and Development Council (FSDC) considers the country’s banking system to be...

Published 08 May, 2023 08:48pm

July 1-March 11: Rs2.6trn borrowed for budgetary support

KARACHI: The cash-strapped federal government borrowed over Rs2.6 trillion from the banking system for budgetary...

Updated 29 Mar, 2023 09:07am

BR Research

Desperate Dar

In a special broad-cast televised live on national TV yesterday, the federal finance minister Ishaq Dar made a ...

Published 10 Nov, 2022 08:06am

Jul 1-Sept 2 govt borrowing rises 21pc to Rs58bn YoY

KARACHI: The borrowing for budgetary support rose by 21 percent during a little over first two months of this fiscal...

Updated 17 Sep, 2022 09:57am

BR Research

POS penetration: regulatory nudge needed!

Pakistan has a huge cash-based transaction market; transforming which into digital channels has immense advantages ...

Updated 09 Sep, 2022 11:51am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	156.30
USD to Swiss Franc / Jan 17	0.92
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
India Sensex / Jan 17	76,619.33
Tokyo Nikkei / Jan 17	38,451.46
Nasdaq / Jan 17	19,630.20
Hang Seng / Jan 17	19,584.06
FTSE 100 / Jan 17	8,505.22
Dow Jones / Jan 17	43,487.83
Germany DAX 30 / Jan 17	20,903.39

Item	Value
Crude Oil USD/Barrel / Jan 17	78.88
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Gold Spot USD/Ounce / Jan 17	2,703.25
Cotton US¢/pound / Jan 17	67.60
Petrol/Litre / Jan 18	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

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