Trends - digital banks - Business Recorder

digital banks

RIDBL and 1LINK join forces to revolutionize digital financial services

KARACHI: Raqami Islamic Digital Bank Ltd (RIDBL), one of five aspirants to the digital retail bank license under the...

Published 25 May, 2024 06:33am

Business & Finance

Raqami sets up Shariah Board as SBP grants NOC

KARACHI: Raqami Islamic Digital Bank (RIDB), after obtaining NOC from the State Bank of Pakistan, has set up...

Published 30 Jan, 2024 04:52am

Business & Finance

RIDB, Euronet Pakistan to launch first ‘Islamic Digital Bank’

KARACHI: Raqami Islamic Digital Bank (RIDB) and Euronet Pakistan Pvt Ltd have entered into an agreement to promote...

Published 16 Jan, 2024 05:44am

Business & Finance

SECP cautions against use of ‘unauthorised lending apps MoneyBox and MoneyClub’

Says both companies are gaining public confidence by using names of licensed NBFCs

Published 13 Feb, 2023 07:10pm

Business & Finance

Newly licensed digital banks promise greater financial inclusion

KARACHI: The digital banks recently licensed by the State Bank of Pakistan to operate in the country have promised...

Published 09 Feb, 2023 07:10am

SBP issues framework on outsourcing to CSPs

KARACHI: The State Bank of Pakistan (SBP) on Monday issued “Framework on Outsourcing to Cloud Service Providers...

Updated 17 Jan, 2023 09:10am

Digital Banks: SBP issues NOCs to five applicants

KARACHI: The State Bank of Pakistan (SBP) has issued no objection certificates to five applicants for establishing...

Updated 14 Jan, 2023 08:40am

Markets

PSO eyes building $500mn LNG terminal near Karachi: report

State-owned corporation also intends to enter digital payments sector, planning to apply for a licence to become a mobile wallet operator, says CEO

Updated 19 Sep, 2022 04:44pm

Business & Finance

SECP introduces concept of digital AMCs

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has introduced the concept of Digital Asset...

Updated 02 Aug, 2022 02:57pm

Business & Finance

20 applications received for licences of digital banks: Sima Kamil

KARACHI: As many as 20 entities (both local and foreign) have applied for the licenses of digital banks under the...

Published 17 Jun, 2022 08:20am

Technology

SBP receives 20 applications for digital bank licences

The State Bank of Pakistan (SBP) said on Wednesday that it has received 20 applications for digital bank licences,...

Updated 06 Apr, 2022 03:20pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72