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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

FBR will now share income tax returns data with banks

According to Tax Laws (Amendment) Bill 2024 introduced in NA, exchange of banking and tax information related to high-risk persons has been allowed between banks and FBR

Updated 19 Dec, 2024 11:49am

DPF jumps 48pc to Rs148bn by FY24-end

KARACHI: In a significant milestone reflecting robust financial health, the Deposit Protection Fund (DPF), managed...

Updated 14 Dec, 2024 02:26pm

Banking sector: ADR-based tax system alternatives discussed

ISLAMABAD: A high-level meeting was held Tuesday under the chairmanship of Deputy Prime Minister/Foreign Minister...

Updated 11 Dec, 2024 09:25am

Mobile apps: SBP issues new guidelines for transaction security

KARACHI: In a significant step to improve the security of digital payments, the State Bank of Pakistan (SBP) has...

Updated 11 Dec, 2024 09:19am

34 banks declared withholding agents

ISLAMABAD: The Federal Board of Revenue (FBR) has declared 34 banks as withholding agents for the purpose of...

Updated 11 Dec, 2024 09:11am

All scheduled banks: Hajj applications can be submitted till Tuesday

ISLAMABAD: Ministry of Religious Affairs has announced that Hajj applications can be submitted in all scheduled...

Updated 09 Dec, 2024 09:36am

Opinion

Islamic banking and finance in Pakistan: challenges and roadmap

“Allah has permitted trade and forbidden usury”. Al Baqarah. The creation of Pakistan was indeed based on the...

Updated 06 Dec, 2024 08:31am

Banks urged to provide soft loans to KP SMEs

PESHAWAR: Business community urged commercial banks to provide soft loans for promotion of small and medium...

Updated 02 Dec, 2024 09:37am

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

Pakistan

Hajj dues collection: Banks to remain open this weekend

KARACHI: The State Bank of Pakistan (SBP) has announced that the branches of designated banks will remain open on...

Published 29 Nov, 2024 08:42am

Jul 1 to Nov 15: Record Rs880bn credit disbursed to private sector

KARACHI: Banks are aggressively ramping up credit disbursement to the private sector, driven by a pressing need to...

Updated 28 Nov, 2024 02:30pm

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

Key requirement for conventional banks removed

Banks will now pay negotiated rates to corporate sector

Updated 27 Nov, 2024 04:00pm

Banks start scrapping monthly fee on large deposits

KARACHI: Banks have begun reversing their arbitrarily imposed five percent monthly charges on all accounts with...

Updated 27 Nov, 2024 09:35pm

Income of banks: IHC restrains govt from collecting tax

ISLAMABAD: The Islamabad High Court (IHC) has restrained the government from collecting tax on income of banks....

Updated 16 Nov, 2024 09:02am

Islamic banking operations: Senate body to call CII scholars

ISLAMABAD: Senate Standing Committee on Finance and Revenue Wednesday decided to call scholars of Council of Islamic...

Updated 14 Nov, 2024 09:04am

Business & Finance

Customer services: Banks mandated to address complaints within 30 days

KARACHI: In a major move towards better customer services, the response period to banking customers in respect of...

Updated 13 Nov, 2024 09:02am

Senate body told: Non-renewal of LDI licences can impact telecom ecosystem

Pakistan

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 14	278.92
USD PKR Interbank Buying / Jan 14	278.72
USD to Japanese Yen / Jan 14	157.97
USD to Swiss Franc / Jan 14	0.91
Pound Sterling to USD / Jan 14	1.22
Euro to USD / Jan 14	1.03

Stock	Volume
S&P 500 / Jan 14	5,842.91
India Sensex / Jan 14	76,499.63
Tokyo Nikkei / Jan 14	38,474.30
Nasdaq / Jan 14	19,044.39
Hang Seng / Jan 14	19,219.78
FTSE 100 / Jan 14	8,201.54
Dow Jones / Jan 14	42,518.28
Germany DAX 30 / Jan 14	20,271.33

Item	Value
Gold 10 Grams PKR / Jan 9	237,483
Crude Oil USD/Barrel / Jan 14	78.11
Karachi Cotton PKR/37.32 KG / Jan 14	18,785
Gold Spot USD/Ounce / Jan 14	2,691.80
Cotton US¢/pound / Jan 14	67.50
Petrol/Litre / Jan 15	252.66

Gainers
Losers
Leaders

Stock	Price
Gulistan Sp. / Jan 15 Gulistan Spinning Mills Limited(GUSM)	11.65 ▲ 1.06 (10.01%)
Masood Textile / Jan 15 Masood Textile Mills Limited(MSOT)	61 ▲ 5.45 (9.81%)
Pak Gulf Leasing / Jan 15 Pak-Gulf Leasing Company Limited(PGLC)	25.99 ▲ 2.13 (8.93%)
Fazal Cloth / Jan 15 Fazal Cloth Mills Limited(FZCM)	180 ▲ 13.87 (8.35%)
Arpak Int. / Jan 15 Arpak International Investments Ltd.(ARPAK)	76 ▲ 5.81 (8.28%)
Dawood Lawrencepur / Jan 15 Dawood Lawrencepur Limited(DLL)	335 ▲ 24.97 (8.05%)
Grays Leasing / Jan 15 Grays Leasing Limited(GRYL)	5.65 ▲ 0.42 (8.03%)
Hussain Industries / Jan 15 Husein Industries Limited(HUSI)	35 ▲ 2.48 (7.63%)
Mandviwala / Jan 15 Mandviwala Mauser Plastic Industries(MWMP)	22.95 ▲ 1.58 (7.39%)

Stock	Price
Dewan Textile / Jan 15 Dewan Textile Mills Limited(DWTM)	6.28 ▼ -0.98 (-13.50%)
B. F. Mod. / Jan 15 B.F. Modaraba(BFMOD)	6.55 ▼ -0.95 (-12.67%)
Pak. P.V.C. / Jan 15 Pakistan PVC Limited(PPVC)	9.36 ▼ -1.02 (-9.83%)
Sapphire Textile / Jan 15 Sapphire Textile Mills Limited(SAPT)	1,130.02 ▼ -119.98 (-9.60%)
Shakarganj / Jan 15 Shakarganj Limited(SML)	30.01 ▼ -2.77 (-8.45%)
Liven Pharma / Jan 15 Liven Pharma Limited(LIVEN)	162.02 ▼ -12.96 (-7.41%)
Mehmood Tex / Jan 15 Mehmood Textile Mills Limited(MEHT)	625 ▼ -42.50 (-6.37%)
Gadoon Textile / Jan 15 Gadoon Textile Mills Limited(GADT)	216 ▼ -14.02 (-6.10%)
Punjab Oil / Jan 15 Punjab Oil Mills Limited(POML)	143 ▼ -9.00 (-5.92%)

Stock	Volume
Cnergyico PK / Jan 15 Cnergyico PK Limited(CNERGY)	42,527,928 ▲ 0.05
Pak Refinery / Jan 15 Pakistan Refinery Limited(PRL)	38,066,803 ▲ 0.05
K-Electric Ltd. / Jan 15 K-Electric Limited(KEL)	33,447,471 ▲ 0.07
WorldCall Telecom / Jan 15 Worldcall Telecom Limited(WTL)	29,525,333 ▲ 0.04
Sui South Gas / Jan 15 Sui Southern Gas Company Limited(SSGC)	26,679,632 ▲ 0.43
Hascol Petrol / Jan 15 Hascol Petroleum Limited(HASCOL)	26,398,810 ▲ 0.17
Telecard Limited / Jan 15 Telecard Limited(TELE)	19,836,175 ▲ 0.01
Pak Stock Exchange / Jan 15 Pakistan Stock Exchange Limited(PSX)	16,136,998 ▲ 0.17
Fauji Foods Ltd / Jan 15 Fauji Foods Limited(FFL)	15,314,743 ▲ 0.07

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