Trends - foreign currency - Business Recorder

foreign currency

A healthy transformation?

Last month, the State Bank of Pakistan discontinued the reporting of ‘FE-25 Deposits and their Utilization’...

Published 10 Oct, 2024 08:41am

Business & Finance

FE-25 deposits: SBP drops monthly reporting requirement

KARACHI: The State Bank of Pakistan (SBP) has discontinued the monthly reporting of “FE-25 Deposits and their...

Published 06 Sep, 2024 07:04am

Business & Finance

Rouble weakens amid stronger demand for foreign currency

MOSCOW: The Russian rouble weakened against the dollar on Friday as demand for foreign currency edged up, with some...

Published 12 Aug, 2024 06:36am

Markets

Gold jewellery, foreign currency worth Rs190m seized JIAP

KARACHI: Pakistan Customs officials claimed to have seized gold jewellery and foreign currency worth Rs 190 million...

Published 03 May, 2024 06:29am

BR Research

Ramazan and the remittance rush

Remittances hold a crucial place in Pakistan’s economy. So crucial that the remittances in Pakistan have been...

Published 15 Apr, 2024 08:12am

World

World Bank group to provide Egypt with $6bn over three years

CAIRO: The World Bank Group said on Monday it intends to provide more than $6 billion of support over the coming...

Published 19 Mar, 2024 04:53am

Business & Finance

Illegal currency business thriving in the garb of real estate deals

LAHORE: Illegal foreign currency business is thriving under the garb of real estate deals, said sources from the...

Published 31 Jan, 2024 05:22am

Forex repatriation against remittances: Govt striving to ink G2G pact with Saudi Arabia, UAE

ISLAMABAD: The government is reportedly making hectic efforts for a government-to-government (G2G) agreement with...

Updated 23 Jan, 2024 09:41am

PM urges business community to take advantage of SIFC

KARACHI: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Thursday, reiterating the government’s commitment to...

Updated 08 Dec, 2023 08:59am

Opinion

Foreign currency requirement for taming inflation

In the year 2016 an operational limit to the debt-ceiling was introduced whereby the annual federal deficit...

Updated 30 Nov, 2023 05:17am

Business & Finance

Foreign currency deals during 2021, 2022: FBR to impose 40pc additional tax on windfall profits of banks

ISLAMABAD: The Federal Board of Revenue (FBR) will shortly issue a statutory regulatory order (SRO) to impose 40...

Published 22 Nov, 2023 05:48am

Markets

Open-market: rupee registers gain against US dollar

Updated 16 Nov, 2023 05:35pm

Business & Finance

Windfall income of banks: SRO will be issued to impose 40pc additional tax

ISLAMABAD: The Federal Board of Revenue (FBR) will issue a Statutory Regulatory Order (SRO) to impose 40 percent...

Published 16 Nov, 2023 05:39am

BR Research

Remittance respite

Remittances to the country stood at $2.5 billion in October 2023, which is 9.6 percent up from the previous month...

Published 13 Nov, 2023 06:47am

Pakistan

Torkham border: smuggling of foreign currency foiled

PESHAWAR: Customs authorities have foiled smuggling of foreign currency in two different operations at Torkham...

Published 13 Nov, 2023 06:31am

Markets

Japanese rubber futures up

SINGAPORE; Japanese rubber futures rose to a two-week high on Friday, buoyed by a softer yen and yuan, although...

Published 12 Nov, 2023 03:14am

Business & Finance

Discos’ infrastructure: Significant investment needed: ADB

ISLAMABAD: Asian Development Bank (ADB) has said that significant investment is required in critical infrastructure...

Published 02 Nov, 2023 03:15am

PPIB urges SBP to clear $700m dues of power projects

ISLAMABAD: Private Power & Infrastructure Board (PPIB) has urged State Bank of Pakistan (SBP) to clear pending...

Updated 02 Oct, 2023 10:00am

Markets

Open-market: rupee improves slightly against US dollar

Quoted at 296 for selling and 293 for buying purposes, according to ECAP data

Updated 21 Sep, 2023 05:57pm

Markets

Open-market: rupee slips lower against US dollar

Settles at 297 and 294 on Wednesday, according to ECAP data

Updated 20 Sep, 2023 05:51pm

BR Research

Banks’ entry into retail forex: need of the hour

Earlier this week, banks presidents had a meeting with finance minister, governor SBP, and a senior officer of an...

Updated 20 Sep, 2023 10:27am

Editorials

Forex market has lost its moorings?

EDITORIAL: There was too much chaos in multiple forex markets in the last few days and weeks. It all started with ...

Published 08 Sep, 2023 06:01am

Pakistan

FIA recovers foreign currency

PESHAWAR: FIA Commercial Banking Circle Peshawar on Saturday arrested three suspects involved in the illegal ...

Published 27 Aug, 2023 03:05am

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

Opinion

Inward forex cash flows: from 2023-24 to 2027-28

The IMF (International Monetary Fund) issued ‘Request For Stand-By Arrangement’ in July 2023. The IMF has again...

Updated 25 Jul, 2023 07:01am

Opinion

The cost of anti-export bias

Our country in general and our bureaucracy in particular have a strange bias against exports and a particular...

Published 13 Jun, 2023 06:00am

Business & Finance

Chief Collector Customs (South) visits KATI ‘Efforts on to solve problems of business community on priority’

KARACHI: Chief Collector Customs (South) Ashad Javed has said that the industry is currently going through a...

Published 13 Jun, 2023 06:00am

Opinion

Tax on undistributable reserves: disclosure in financial statements

The issue under consideration is the accounting disclosure for the portion of the revenue reserves that are declared...

Published 02 Jun, 2023 03:56am

Country receives $15.4bn in financing during Jul-Apr

ISLAMABAD: The country received $15.4 billion in financing during the first 10 months (July-April) of the current...

Updated 21 May, 2023 03:24pm

Business & Finance

Egypt inflation seen hitting all-time high in March

CAIRO: Egypt’s headline inflation rate is set to hit an all-time high in March, a Reuters poll showed on Thursday,...

Published 10 Apr, 2023 06:45am

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
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

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

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