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banks

BMP provides relief of Rs1.65bn to banking customers

KARACHI: The Institution of Banking Mohtasib Pakistan (BMP) has provided relief amounting to Rs 1.65 billion to the...

Published 2 days ago

Business & Finance

Women: SBP urged to ease account opening, loan provisions

ISLAMABAD: The Special Committee on Gender Mainstreaming acknowledged the State Bank of Pakistan (SBP) for taking...

Published 17 Apr, 2025 05:42am

Rs1.275trn loan to tackle circular debt: CPPA-G likely to sign term sheets with 18 banks

Entire plan already approved by the Task Force on Power

Updated 16 Apr, 2025 02:29pm

Export-oriented growth: Banks agree to lend a helping hand

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb chairs a high-level meeting on priority sector lending

Updated 15 Apr, 2025 04:26pm

Business & Finance

ECB warns about financial risk coming from shadow banks

FRANKFURT: The European Central Bank is particularly concerned about financial stress spreading from non-bank...

Published 11 Apr, 2025 07:46am

Jul 1 ‘24 to Mar 14 ’25: Govt borrowing for budgetary support plunges 66pc

KARACHI: The federal government’s borrowing for budgetary support from the domestic banking system has dropped...

Updated 03 Apr, 2025 09:05am

Opinion

‘Unconstitutional’ windfall tax–I

Banks have regular windfall income from dealing in foreign currencies – oxymoronic treatment by SRO. 1588(I)/2023...

Published 28 Mar, 2025 06:15am

Business & Finance

Clean farmer financing: FFC signs MoUs with leading banks

ISLAMABAD: Fauji Fertilizer Company (FFC) has partnered with four leading banks to provide clean financing of up to...

Published 20 Mar, 2025 08:00am

Business & Finance

Banking customer secures rights against auto-finance facility

LAHORE: A banking customer has secured his right of declaration, rendition of accounts, recovery, damages and...

Published 15 Mar, 2025 05:22am

Profitability of listed banks rises 5pc YoY

KARACHI: The profitability of listed banks increased by 5 percent YoY to Rs597 billion in 2024, mainly driven by a 9...

Updated 04 Mar, 2025 09:10am

Business & Finance

Bank holiday

KARACHI: The State Bank of Pakistan will remain closed for public dealing on Monday, March 3, 2025, which shall be...

Published 01 Mar, 2025 06:28am

Opinion

The evolution of banking in the age of Gen AI

The banking industry has undergone a remarkable transformation over the centuries, evolving from rudimentary...

Published 27 Feb, 2025 06:44am

Financial inclusion: Banks urged to leverage technology

KARACHI: The Governor of the State Bank of Pakistan (SBP) on Tuesday urged banks to leverage technology to enhance...

Updated 26 Feb, 2025 09:21am

Banks surpass oil & gas sector as top taxpayers: PBA chief

KARACHI: Zafar Masud, Chairman Pakistan Banks Association (PBA) Monday highlighted the banking sector’s crucial role...

Updated 25 Feb, 2025 09:22am

Business & Finance

Moot discusses main challenges facing banking sector

KARACHI: Deputy Governor State Bank of Pakistan (SBP) Saleem Ullah has highlighted three pressing challenges...

Published 25 Feb, 2025 06:53am

Opinion

Rs20 and Rs10 notes printing must resume

I want to highlight a serious issue being faced by our less fortunate citizens of our country who are unable to...

Published 24 Feb, 2025 07:08am

Business & Finance

Windfall tax: FBR recovers Rs 23bn from 16 banks

ISLAMABAD: The Federal Board of Revenue (FBR) has recovered Rs 23 billion from 16 banks on account of windfall tax...

Published 24 Feb, 2025 06:23am

Remittances by banks: Special rules for packing and dispatch revised

ISLAMABAD: Ministry of Finance has revised special rules for packing and dispatch of remittances by the banks....

Updated 20 Feb, 2025 09:26am

Business & Finance

LCCI organizes seminar on Islamic banking

LAHORE: The Lahore Chamber of Commerce and Industry, in collaboration with Faysal Bank, organized a seminar on...

Published 05 Feb, 2025 07:44am

Banks & DFIs: SBP revises DFSs of all RCOA returns

KARACHI: The State Bank of Pakistan (SBP) on Friday announced revisions in Data File Structures (DFSs) under...

Updated 25 Jan, 2025 09:31am

Credit to private sector hits Rs1.4trn mark

KARACHI: Credit to the private sector has surged significantly, reaching Rs 1.4 trillion mark during the current...

Updated 25 Jan, 2025 02:46pm

Business & Finance

Banks can’t auction joint Khata properties without demarcation of land

LAHORE: Banks cannot auction joint Khata properties without demarcation of land. A higher appellate forum has set...

Updated 24 Jan, 2025 06:58am

Business & Finance

Banks running ‘war rooms’; markets tense

DAVOS, (Switzerland): JPMorgan Chase & Co bankers worked through the night in a “war room” to assess the...

Published 22 Jan, 2025 06:06am

Banks apprised of road map to export growth

Minister for Planning, Development, and Special Initiatives, Ahsan Iqbal urges banks to step forward and increase lending to the private and priority sectors

Updated 16 Jan, 2025 04:12pm

Business & Finance

Best-performing stocks in 2024: Pakistani banks lead ranking of APAC lenders

ISLAMABAD: Pakistani banks dominated a ranking of Asia-Pacific lenders with the best-performing stocks in 2024, as...

Published 09 Jan, 2025 06:19am

Pakistan

President directs relief of Rs24.136m to bank fraud victims

ISLAMABAD: President Asif Ali Zardari has directed six banks to provide financial relief amounting to Rs24.136...

Published 31 Dec, 2024 08:13am

Income Tax (amendment) Ordinance promulgated

FBR now expecting Rs 70 billion till December 31, 2024 from the banking sector which will help tax machinery reduce its shortfall in collection to some extent

Updated 31 Dec, 2024 04:52pm

Changes in banking sector’s ADR: Cabinet approves promulgation of tax ordinance

ISLAMABAD: The federal cabinet has granted approval to promulgation of an Income Tax Ordinance for bringing changes...

Updated 28 Dec, 2024 05:54pm

Business & Finance

Greenfield tyre project: IFC, local banks providing up to $50.2m in financing: Schehzad

ISLAMABAD: Advisor to the Finance Minister Khurram Schehzad has stated that the Greenfield tyre manufacturing...

Published 24 Dec, 2024 06:33am

Digital channels drive 87pc of retail payments

State Bank of Pakistan highlights significant strides in Pakistan’s journey toward a cashless and digitally inclusive economy

Updated 21 Dec, 2024 02:47pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 23	281.16
USD PKR Interbank Buying / Apr 23	280.96
USD to Japanese Yen / Apr 23	143.28
USD to Swiss Franc / Apr 23	0.83
Pound Sterling to USD / Apr 23	1.33
Euro to USD / Apr 23	1.13
UK LIBOR % / Apr 22	4.96

Stock	Volume
S&P 500 / Apr 23	5,375.86
India Sensex / Apr 23	80,116.49
Tokyo Nikkei / Apr 23	34,868.63
Nasdaq / Apr 23	16,708.05
Hang Seng / Apr 23	22,072.62
FTSE 100 / Apr 23	8,403.18
Dow Jones / Apr 23	39,606.57
Germany DAX 30 / Apr 23	21,961.97
France CAC40 / Apr 23	7,482.36

Item	Value
Crude Oil USD/Barrel / Apr 23	62.27
Karachi Cotton PKR/37.32 KG / Apr 23	16,985
Gold 10 Grams PKR / Apr 23	301,783
Gold Spot USD/Ounce / Apr 23	3,294.10
Cotton US¢/pound / Apr 23	69.03
Petrol/Litre / Apr 24	254.63
Diesel/Litre / Apr 24	258.64

Gainers
Losers
Leaders

Stock	Price
Dewan Mushtaq / Apr 23 Dewan Mushtaq Textile Mills Limited(DMTM)	5.99 ▲ 1 (20.04%)
NIT PakistanXD / Apr 23 NIT Pakistan Gateway ETF(NITGETF)	29.36 ▲ 4.84 (19.74%)
Dadabhoy Cement / Apr 23 Dadabhoy Cement Industries Limited(DBCI)	5.01 ▲ 0.61 (13.86%)
Ghazi Fabrics / Apr 23 Ghazi Fabrics International Limited(GFIL)	9.78 ▲ 0.89 (10.01%)
At-Tahur Ltd. / Apr 23 At-Tahur Limited(PREMA)	85.05 ▲ 7.73 (10%)
Crescent Cotton / Apr 23 Crescent Cotton Mills Limited(CCM)	54.99 ▲ 5 (10%)
Khyber Tobacco / Apr 23 Khyber Tobacco Company Limited(KHTC)	315.46 ▲ 28.68 (10%)
PIA Holding Co.B / Apr 23 PIA Holding Company Limited B(PIAHCLB)	2,720.07 ▲ 247.28 (10%)
Pak Datacom / Apr 23 Pak Datacom Limited(PAKD)	106.44 ▲ 9.68 (10%)
Chakwal Spinning / Apr 23 Chakwal Spinning Mills Limited(CWSM)	60.17 ▲ 5.47 (10%)

Stock	Price
PICIC Ins.Ltd. / Apr 23 PICIC Insurance Limited(PIL)	3.01 ▼ -0.4 (-11.73%)
Bawany Air Products / Apr 23 Bawany Air Products Limited(BAPL)	32.47 ▼ -3.61 (-10.01%)
J.A.Textile / Apr 23 J.A. Textile Mills Limited(JATM)	23.68 ▼ -2.63 (-10%)
Masood Textile / Apr 23 Masood Textile Mills Limited(MSOT)	54.56 ▼ -6.04 (-9.97%)
Blue-Ex Ltd / Apr 23 Blue-Ex Limited (GEM)(GEMBLUEX)	54.60 ▼ -6.03 (-9.95%)
Sardar Chemical / Apr 23 Sardar Chemical Industries Limited(SARC)	27.05 ▼ -2.88 (-9.62%)
Intermarket Securities / Apr 23 Intermarket Securities Limited(IMS)	49.83 ▼ -5.19 (-9.43%)
S.S.Oil / Apr 23 S.S.Oil Mills Limited(SSOM)	295.08 ▼ -30.37 (-9.33%)
Pak Paper Prod / Apr 23 Pakistan Paper Products Limited(PPP)	142.42 ▼ -14.36 (-9.16%)
Leather Up Ltd. / Apr 23 Leather Up Limited(LEUL)	29.26 ▼ -2.74 (-8.56%)

Stock	Volume
B.O.Punjab / Apr 23 The Bank of Punjab(BOP)	58,495,594 ▼ -0.41
WorldCall Telecom / Apr 23 Worldcall Telecom Limited(WTL)	33,012,752 ▼ -0.02
Power Cement / Apr 23 Power Cement Limited(POWER)	29,594,463 ▼ -0.06
Dewan Cement / Apr 23 Dewan Cement Limited(DCL)	27,795,788 ▲ 0.61
Maple Leaf Cement / Apr 23 Maple Leaf Cement Factory Limited(MLCF)	21,856,530 ▼ -1.01
Cnergyico PK / Apr 23 Cnergyico PK Limited(CNERGY)	20,143,298 ▼ -0.21
Fauji Foods Ltd / Apr 23 Fauji Foods Limited(FFL)	17,537,660 ▼ -0.28
Symmetry Group / Apr 23 Symmetry Group Limited(SYM)	17,493,765 ▼ -0.15
Telecard Limited / Apr 23 Telecard Limited(TELE)	16,541,049 ▲ 0.21
Barkat Frisian Agro / Apr 23 Barkat Frisian Agro Limited(BFAGRO)	16,119,243 ▲ 0.16

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