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central banks

IMF says countries ‘must’ strengthen central bank independence

WASHINGTON: The head of the IMF called Thursday for countries to “preserve and strengthen” the independence of...

Published 22 Mar, 2024 04:57am

Markets

SBP wants banks engaged in forex business to establish wholly-owned Exchange Companies

Amid rupee's freefall in open market, SBP moves to introduce structural reforms in sector

Updated 06 Sep, 2023 11:41pm

Business & Finance

Global dividends hit record $568bn in second quarter

PARIS: Dividends paid by the world’s biggest listed companies soared to a record $568.1 billion in the second...

Published 31 Aug, 2023 06:00am

Markets

The fall continues: rupee settles at 288.52 against US dollar

Currency depreciates 0.21% in the inter-bank market for its eighth successive finish in the red

Updated 25 Jul, 2023 07:01pm

Opinion

The BRICS’s creeping ‘gold currency’

It’s a shame that market pundits have been busy scandalising JP Morgan’s involvement with the late, notorious ...

Updated 13 Jul, 2023 05:15am

Business & Finance

Irfan Siddiqui’s tenure as CEO/president of Meezan Bank extended

Upon his retirement on Dec 29, 2025, BankIslami's current CEO Syed Amir Ali will assume the roles

Updated 10 Jul, 2023 06:42pm

Business & Finance

Business leaders left in limbo by rate hike impact lag

AIX-EN-PROVENCE (France): An unusually long lag in the time interest rate hikes are taking to feed through to the...

Published 10 Jul, 2023 06:52am

Markets

Oil dips on demand worries as more rate hikes likely

HOUSTON: Oil prices fell on Friday, headed for a weekly decline as traders worried interest rate hikes could sap...

Published 26 Jun, 2023 06:38am

Business & Finance

OECD sees limited growth pick-up as rate hikes weigh

PARIS: Global economic growth will pick up only moderately over the next year as the full effects of central bank...

Published 08 Jun, 2023 06:30am

Business & Finance

Inflation fight risks central banks’ credibility and autonomy, BIS warns

LONDON: The credibility and independence of central banks around the world is at risk if stubbornly-high global...

Published 22 May, 2023 06:23am

Business & Finance

Currencies in limbo awaiting packed week of central banks

SYDNEY: Currencies were in limbo on Monday as holidays in most of Asia made for thin trading, while traders braced...

Published 02 May, 2023 05:59am

Central banks signal end of bank turmoil

FRANKFURT/LONDON/TOKYO: The world’s top central banks are cutting the frequency of their dollar liquidity operations...

Updated 26 Apr, 2023 08:50am

Markets

Central banks cut dollar operations with Fed as market stress eases

FRANKFURT/LONDON/TOKYO: The world’s top central banks will reduce the frequency of their dollar operations with the...

Published 25 Apr, 2023 02:10pm

Markets

Central banks bought the most gold since 1967 last year, WGC says

LONDON: Central banks added a whopping 1,136 tonnes of gold worth some $70 billion to their stockpiles in 2022, by...

Published 31 Jan, 2023 12:45pm

Business & Finance

Private debt markets face reality check as companies grapple with recession

LONDON: Stellar growth in private debt markets over the past decade looks set to face a reality check as a looming...

Published 26 Dec, 2022 05:48am

Opinion

IMF policy needs a serious rethink

The first major jolt to the International Monetary Fund’s (IMF’s) thinking regarding pursuing austerity policy...

Published 16 Dec, 2022 05:58am

Opinion

Investors on alert for policy error after cheering slower rate hikes

Central banks are starting to slow aggressive rate rises but are far from done even as recession looms, leaving...

Published 13 Dec, 2022 05:58am

Opinion

After feverish week, global investors lick wounds and brace for more chaos

Global investors are preparing for more market mayhem after a monumental week that whipsawed asset prices around the...

Published 26 Sep, 2022 06:07am

Business & Finance

Central banks will fail to tame inflation without better fiscal policy, study says

JACKSON HOLE: Central banks will fail to control inflation and could even push price growth higher unless...

Published 27 Aug, 2022 07:32pm

Global slowdown fears darken as cost of living bites

LONDON/TOKYO: The global economy looks increasingly likely to be heading into a serious slowdown, just as central...

Published 23 Jul, 2022 04:10am

Business & Finance

Central banks must act quickly on inflation, warns BIS

ZURICH: Central banks must not let inflation become entrenched, with the threat of stagflation looming over the...

Published 27 Jun, 2022 07:35am

Markets

Stocks waver, oil prices fall on recession fears

NEW YORK: Stock markets wobbled and oil prices sank on Friday amid growing fears that inflation-fighting interest...

Published 20 Jun, 2022 05:51am

Markets

Wall St fights for footing after steep selloff on recession worries

NEW YORK: Wall Street’s main indexes struggled to find momentum on Friday following a brutal selloff this week due...

Published 18 Jun, 2022 06:00am

Business & Finance

Bank of Japan keeps easing policy despite US, Europe rate hikes

TOKYO: The Bank of Japan on Friday stuck to its long-held monetary easing policy even as other central banks around...

Published 18 Jun, 2022 06:00am

Business & Finance

SBP launches ‘Easy Data Portal’

KARACHI: Efficient, timely and reliable data dissemination is a core undertaking of central banks across the world....

Published 03 Jun, 2022 05:56am

Opinion

Economy: Demystifying some policy choices

In a recent blog article ‘War dims global economic outlook as inflation accelerates’ published by the...

Published 07 May, 2022 05:46am

Business & Finance

Fraying central bank consensus spurs dollar and market stress: McGeever

ORLANDO: The highest inflation in decades is unraveling whatever policy consensus there was between the world's ...

Published 04 May, 2022 11:18am

World

Biodiversity loss threatens economic stability: central banks report

PARIS: Central banks have underestimated the significant threat posed by biodiversity loss, a new report said...

Published 25 Mar, 2022 05:47am

Business & Finance

Dollar rises as markets digest central bank news, look to year-end

NEW YORK/LONDON: The dollar rose on Friday as markets approached the end of a busy week in which major central banks...

Published 18 Dec, 2021 04:33am

Markets

Most Gulf markets fall

DUBAI: Most stock markets in the Gulf ended lower on Wednesday over Omicron worries and as investors worldwide await...

Published 16 Dec, 2021 04:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Japanese Yen / Dec 23	156.63
USD to Swiss Franc / Dec 23	0.90
Pound Sterling to USD / Dec 23	1.26
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
Nasdaq / Dec 20	19,572.60
Dow Jones / Dec 20	42,840.26
India Sensex / Dec 23	78,595.51
Tokyo Nikkei / Dec 23	39,161.34
Hang Seng / Dec 23	19,857.04
FTSE 100 / Dec 23	8,068.16
Germany DAX 30 / Dec 23	19,830.32

Item	Value
Gold 10 Grams PKR / Dec 20	234,311
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Crude Oil USD/Barrel / Dec 23	69.79
Gold Spot USD/Ounce / Dec 23	2,632.38
Cotton US¢/pound / Dec 23	68.96
Petrol/Litre / Dec 24	252.10

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Dec 23 First Capital Equities Limited(FCEL)	6.15 ▲ 1.00 (19.42%)
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	6.83 ▲ 0.92 (15.57%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Chenab Ltd (Pref) / Dec 23 Chenab Limited (Pref)(CLCPS)	3.75 ▲ 0.36 (10.62%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.72 ▲ 0.45 (10.54%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
HBL Invest Fund / Dec 23 HBL Investment Fund(HIFA)	4.15 ▲ 0.39 (10.37%)

Stock	Price
Sindh Abadgar / Dec 23 Sindh Abadgar's Sugar Mills Limited(SASML)	36.60 ▼ -4.07 (-10.01%)
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	13.96 ▼ -1.55 (-9.99%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	14.01 ▼ -1.33 (-8.67%)
Dadabhoy Cement / Dec 23 Dadabhoy Cement Industries Limited(DBCI)	6 ▼ -0.54 (-8.26%)
Oilboy Energy / Dec 23 Oilboy Energy Limited(OBOY)	10.46 ▼ -0.93 (-8.17%)
Burj Clean Energy Modaraba / Dec 23 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.45 ▼ -0.65 (-7.14%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.14
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	66,327,753 ▲ 0.92
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.19
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.37
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.76
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	38,585,180 ▲ 1.96
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	35,015,764 ▲ 1.32
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	33,026,526 ▲ 2.58
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.26

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