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exchange companies

ECAP supports SBP’s new framework for exchange firms

KARACHI: The Exchange Companies Association of Pakistan (ECAP) has pledged its full support for the State Bank of...

Published 31 Dec, 2024 06:32am

SBP unveils updated regulatory framework for ECs

KARACHI: The State Bank of Pakistan (SBP) on Friday revised the regulatory guidelines for exchange companies and...

Updated 28 Dec, 2024 09:30am

Remittances: Two incentives available to banks and ECs now

KARACHI: To enhance the flow of home remittances, the State Bank of Pakistan (SBP) has revamped the incentive...

Updated 09 Oct, 2024 09:04am

Two remittance incentive schemes: ECC approves revisions

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Thursday approved revisions to the two...

Updated 30 Aug, 2024 08:51am

Business & Finance

Exchange companies: SBP extends cash USD import facility till June 30th

KARACHI: The State Bank of Pakistan (SBP) on Friday has extended import facility of cash US dollar by the Exchange...

Updated 30 Mar, 2024 08:49am

Business & Finance

Forex dealers, ECs, others: e-integration with FBR made mandatory

ISLAMABAD: The Federal Board of Revenue (FBR) has made it mandatory for foreign exchange dealers/exchange companies,...

Updated 23 Mar, 2024 02:52pm

Business & Finance

Authorisation of 3 exchange firms suspended

KARACHI: The State Bank of Pakistan (SBP) has suspends the authorisation of three Exchange Companies on Tuesday....

Published 14 Feb, 2024 02:34am

Markets

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Exchange Companies Association of Pakistan on...

Published 31 Jan, 2024 06:06am

Opinion

The slowdown in real economy

Over the past month, it seems that the feel-good factor has returned. The stock market is in a bullish run and the...

Updated 13 Nov, 2023 12:16pm

Editorials

First staff review negotiations with IMF

EDITORIAL: The International Monetary Fund team (IMF) is currently in Pakistan for the first scheduled Stand-By...

Published 08 Nov, 2023 05:42am

Business & Finance

Exchange companies: SBP gives NOC to Habib Metropolitan Bank

The State Bank of Pakistan (SBP) has issued a no-objection certificate (NOC) to Habib Metropolitan Bank Limited, a...

Updated 30 Oct, 2023 05:11pm

Markets

Bank of Punjab considers wholly-owned Exchange Company

The Bank of Punjab announced on Monday that its board was proposed the establishment of a wholly-owned Exchange...

Published 30 Oct, 2023 11:46am

Business & Finance

Exchange companies: SBP gives NOCs to Allied Bank, MCB Bank

KARACHI: The State Bank of Pakistan (SBP) has issued the no-objection certificate (NOC) to Allied Bank Limited for...

Published 28 Oct, 2023 05:58am

Business & Finance

Askari Bank latest to establish wholly-owned Exchange Company

Askari Bank Limited, a subsidiary of Fauji Foundation, announced on Friday it will establish an Exchange Company...

Updated 27 Oct, 2023 10:57pm

Markets

Goldman’s analysts say Pak rupee rally to be ‘short lived’: report

Analysts at Goldman Sachs Group Inc, a global investment bank and financial services company, have warned that gains...

Updated 26 Oct, 2023 10:44pm

Markets

‘B’ Category: Authorisation of 5 forex cos suspended

KARACHI: The State Bank of Pakistan (SBP) on Wednesday suspended the authorization of five Exchange Companies of ‘B’...

Updated 12 Oct, 2023 09:58am

Markets

Habib Metropolitan Bank says it will establish wholly-owned EC

The Board of Directors of Habib Metropolitan Bank (HMB), a subsidiary of Habib Bank AG Zurich – Switzerland,...

Published 10 Oct, 2023 05:44pm

Opinion

Real reforms in sight?

The initial signs of real reforms are in sight. This includes crackdown on smuggling of goods and currencies through...

Updated 09 Oct, 2023 09:35am

Business & Finance

IMF programme: Govt will deliver to secure $700m under SBA: Shamshad

ISLAMABAD: The caretaker government will deliver on the International Monetary Fund (IMF) programme to secure $700...

Updated 03 Oct, 2023 06:23am

Business & Finance

SBP suspends authorisation of two exchange companies

KARACHI: The State Bank of Pakistan (SBP) has suspended, with immediate effect, the authorization of an Exchange...

Published 26 Sep, 2023 06:33am

Markets

Bank AL Habib says will establish wholly-owned Exchange Company

Becomes fourth bank in recent weeks to make this announcement

Updated 22 Sep, 2023 10:40pm

ECs have no role in volatile exchange rate: Bostan

KARACHI: Malik Muhammad Bostan, Chairman of Exchange Companies Association of Pakistan (ECAP), Tuesday said Exchange...

Updated 20 Sep, 2023 10:43am

Business & Finance

Meezan Bank says it will establish wholly-owned Exchange Company

The Board of Directors (BoD) of Meezan Bank Limited, the largest Islamic bank in the country, announced that it will...

Updated 15 Sep, 2023 07:12pm

ECs all praise for army chief

KARACHI: There are reports that exchange companies (ECs) have surrendered $ 20 million to the interbank market...

Updated 08 Sep, 2023 09:34am

Exchange companies sector: MCR enhanced to Rs500m as SBP introduces major reforms

KARACHI: The State Bank of Pakistan (SBP), introducing the structural reforms for the Exchange Companies, on...

Updated 07 Sep, 2023 09:17am

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

Six incentive schemes of SBP: ECC approves proposal of changes in contours

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved the State Bank of Pakistan (SBP)’s...

Updated 08 Aug, 2023 08:43am

Purchase of USD for card payments facility extended by 5 months

KARACHI: The State Bank of Pakistan (SBP) has decided to extend settlement of card-based cross-border transactions...

Updated 01 Aug, 2023 09:39am

Business & Finance

Interbank, open market: Import of cash USD to help narrow rate differences: expert

KARACHI: The permission of import of cash US dollars by Exchange Companies (ECs) will increase the dollar inflows...

Updated 27 Jul, 2023 09:23am

Markets

Rupee ends 8-session losing streak, settles at 287.04 against US dollar

Currency appreciates 0.52% in inter-bank market

Updated 26 Jul, 2023 09:27pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 30	278.58
USD PKR Interbank Buying / Dec 30	278.43
USD to Japanese Yen / Dec 30	157.92
USD to Swiss Franc / Dec 30	0.90
Pound Sterling to USD / Dec 30	1.26
Euro to USD / Dec 30	1.04

Stock	Volume
S&P 500 / Dec 27	5,970.84
Nasdaq / Dec 27	19,238.48
Dow Jones / Dec 27	42,992.21
India Sensex / Dec 30	78,209.98
Tokyo Nikkei / Dec 30	39,894.54
Hang Seng / Dec 30	20,041.42
FTSE 100 / Dec 30	8,116.01
Germany DAX 30 / Dec 30	19,935.78

Item	Value
Gold 10 Grams PKR / Dec 27	234,225
Karachi Cotton PKR/37.32 KG / Dec 28	17,785
Crude Oil USD/Barrel / Dec 30	70.32
Gold Spot USD/Ounce / Dec 30	2,612.39
Cotton US¢/pound / Dec 30	68.60
Petrol/Litre / Dec 31	252.10

Gainers
Losers
Leaders

Stock	Price
Cnergyico PK / Dec 30 Cnergyico PK Limited(CNERGY)	7.52 ▲ 1.00 (15.34%)
Sec. Inv. Bank / Dec 30 Security Investment Bank Limited(SIBL)	8.99 ▲ 1.00 (12.52%)
Abdullah Shah / Dec 30 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	7.20 ▲ 0.79 (12.32%)
Dost Steels Ltd. / Dec 30 Dost Steels Limited(DSL)	6.70 ▲ 0.72 (12.04%)
Telecard Limited / Dec 30 Telecard Limited(TELE)	9.63 ▲ 1.00 (11.59%)
Media Times Ltd / Dec 30 Media Times Limited(MDTL)	2.40 ▲ 0.24 (11.11%)
I.C.C. Ind. / Dec 30 ICC Industries Limited(ICCI)	10.03 ▲ 1.00 (11.07%)
B.O.Punjab / Dec 30 The Bank of Punjab(BOP)	10.48 ▲ 1.00 (10.55%)
Idrees Tex. / Dec 30 Idrees Textile Mills Limited(IDRT)	14.27 ▲ 1.30 (10.02%)

Stock	Price
National Silk / Dec 30 The National Silk & Rayon Mills Limited(NSRM)	49.90 ▼ -5.54 (-9.99%)
Olympia Mills / Dec 30 Olympia Mills Limited(OML)	36 ▼ -3.99 (-9.98%)
Maqbool Tex. / Dec 30 Maqbool Textile Mills Limited(MQTM)	28.50 ▼ -2.56 (-8.24%)
Shahzad Tex. / Dec 30 Shahzad Textile Mills Limited(SZTM)	27.50 ▼ -2.37 (-7.93%)
Al-Khair Gadoon / Dec 30 Al-Khair Gadoon Limited(AKGL)	38.50 ▼ -3.21 (-7.70%)
Dewan Textile / Dec 30 Dewan Textile Mills Limited(DWTM)	6.90 ▼ -0.56 (-7.51%)
Engro Poly(Pref / Dec 30 Engro Poly(Pref)(EPCLPS)	11.10 ▼ -0.90 (-7.50%)
Habib Sugar / Dec 30 Habib Sugar Mills Limited(HABSM)	79 ▼ -5.26 (-6.24%)
First Tri-Star Mod. / Dec 30 First Tri-Star Modaraba(FTSM)	14.35 ▼ -0.90 (-5.90%)

Stock	Volume
Cnergyico PK / Dec 30 Cnergyico PK Limited(CNERGY)	125,453,825 ▲ 1.00
Fauji Foods Ltd / Dec 30 Fauji Foods Limited(FFL)	104,428,605 ▲ 0.32
WorldCall Telecom / Dec 30 Worldcall Telecom Limited(WTL)	96,647,456 ▲ 0.13
B.O.Punjab / Dec 30 The Bank of Punjab(BOP)	84,168,029 ▲ 1.00
Silk Bank Ltd / Dec 30 Silkbank Limited(SILK)	48,777,302 ▲ 0.08
K-Electric Ltd. / Dec 30 K-Electric Limited(KEL)	45,290,268 ▲ 0.19
TRG Pak Ltd / Dec 30 TRG Pakistan Limited(TRG)	40,065,544 ▼ -3.15
Pak Elektron / Dec 30 Pak Elektron Limited(PAEL)	36,275,641 ▲ 4.05
Hascol Petrol / Dec 30 Hascol Petroleum Limited(HASCOL)	34,627,314 ▼ -0.09

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