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ICBC

$500m ICBC loan FD’s date error corrected by Cabinet

ISLAMABAD: The Federal Cabinet has corrected an error made by the Finance Division regarding the date of the $500...

Published 19 Nov, 2024 06:34am

Business & Finance

Pakistan, Eurasia and Central Asia: TDAP organises awareness session on banking channels for exporters

KARACHI: Trade Development Authority of Pakistan (TDAP) successfully organised an insightful Awareness Session for...

Published 25 Jan, 2024 04:23am

Trade settlement in Chinese RMB soars 600pc

ISLAMABAD: Pakistan’s trade settlement in Chinese RMB has increased by 600 percent, ie, from 2 percent in 2018 to...

Updated 20 Jan, 2024 05:29pm

Thar coal-fired power project: PPIB announces financial close

ISLAMABAD: The Private Power and Infrastructure Board (PPIB) on Wednesday announced financial closing of the...

Updated 14 Dec, 2023 09:35am

World

China’s biggest lender ICBC hit by ransomware attack

WASHINGTON: The Industrial and Commercial Bank of China’s (ICBC) US arm was hit by a ransomware attack that...

Published 11 Nov, 2023 06:30am

Business & Finance

Dollar steady against euro, yen weakens

NEW YORK: The dollar held steady against the euro on Friday after Federal Reserve Chair Jerome Powell indicated that...

Published 11 Nov, 2023 06:30am

Business & Finance

ICBC Karachi hosts ‘RMB Clearing Bank Grand Opening Ceremony’ in Islamabad

ISLAMABAD: The Industrial and Commercial Bank of China (ICBC) Karachi Branch proudly hosted the “RMB Clearing Bank...

Published 30 Oct, 2023 05:24am

Use of RMB: Regulatory framework put in place: minister

ISLAMABAD: Caretaker Finance Minister Dr Shamshad Akhtar Friday said the State Bank of Pakistan has already put in...

Updated 28 Oct, 2023 04:31pm

Growing significance of RMB highlighted

KARACHI: Speakers, at a seminar titled “RMB Prospects & Applications” hosted by the Industrial and Commercial...

Updated 30 Aug, 2023 09:07am

Markets

Dar lauds support as Bank of China’s second branch opens in Islamabad

Finance Minister Ishaq Dar on Monday lauded the role of China’s banking sector and its institutions for supporting...

Updated 31 Jul, 2023 05:34pm

1,320MW Shanghai Thar Coal Block-1: Financial closure in peril as ICBC decides to withdraw $300m financing

ISLAMABAD: The financial closure of 1,320 MW Shanghai Thar Coal Block-1 is reportedly in trouble as Industrial and...

Updated 07 Jul, 2023 08:58am

Markets

Pakistan to receive $300mn from ICBC today: Dar

This will bring total funds received from ICBC to $1.3 billion

Updated 14 Apr, 2023 06:30pm

Business & Finance

China’s biggest bank ICBC posts 1.9% fall in Q4 profit

BEIJING: Industrial and Commercial Bank of China (ICBC), the world’s largest-listed lender by assets, reported a...

Published 30 Mar, 2023 04:40pm

Business & Finance

Pakistan receives $500m from China’s ICBC bank

KARACHI: Pakistan has received a loan tranche from China of $500 million that will help the country shore up its...

Published 18 Mar, 2023 06:14am

Markets

Back-to-back gains: rupee settles at 281.71 against US dollar

Currency appreciates 0.25% in inter-bank market

Updated 17 Mar, 2023 07:22pm

Business & Finance

Documentation for ICBC-backed $500m disbursement complete: Dar

ISLAMABAD: Finance Minister Ishaq Dar has stated that documentation for second disbursement of US 500 million ...

Published 17 Mar, 2023 06:15am

Pakistan

Documentation for ICBC’s second $500mn disbursement complete: Dar

Earlier this month, Pakistan’s central bank received $500 million from China’s ICBC, the first of three disbursements that were approved for rollover

Updated 16 Mar, 2023 05:23pm

Pakistan

Pakistan's ex finance chief Miftah warns against any kind of debt restructuring

Difficult task to get China and the West to sit on one table for such an endeavour, he says

Updated 16 Mar, 2023 09:46am

Business & Finance

Forex reserves up $487m on Chinese inflows

KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) further rose by $487 million during...

Published 10 Mar, 2023 03:46am

Markets

On back of another Chinese loan, SBP-held forex reserves increase $487mn, now stand at $4.3bn

This is the fourth successive increase in central bank-held reserves on weekly basis

Updated 09 Mar, 2023 09:33pm

Markets

Marginal gain: rupee settles at 277.87 against US dollar

Currency records appreciation of 0.02% in inter-bank market

Updated 07 Mar, 2023 09:23pm

Business & Finance

Pakistan receives $500m financing from Chinese bank

ISLAMABAD: Pakistan has received $500 million from the Industrial and Commercial Bank of China Ltd (ICBC), Federal...

Published 05 Mar, 2023 03:36am

Markets

SBP receives $500mn from ICBC: Ishaq Dar

Finance minister had earlier said that ICBC has rolled over $1.3bn-facility, reiterated that Pakistan will not default

Updated 04 Mar, 2023 01:36pm

Business & Finance

‘Gwadar plants on Thar coal’: Two Chinese loans to be confirmed soon

ISLAMABAD: China has reaffirmed strong resolve to extend financial support to Pakistan including early confirmation...

Updated 19 Jan, 2023 08:39am

Business & Finance

Banks divert gold supply from India to China, Turkey

MUMBAI: Gold-supplying banks have cut back shipments to India ahead of major festivals in favour of focusing on...

Updated 05 Oct, 2022 09:50am

Business & Finance

OICCI, ICBC Pakistan hold webinar on RMB

KARACHI: To facilitate local markets understanding and utilization of RMB, and further in the light of some interest...

Published 29 Jun, 2022 05:44am

Markets

China approves ICBC-Goldman JV to start offering wealth services

Industrial and Commercial Bank of China (ICBC) said on Friday its wealth management joint venture with Goldman Sachs...

Published 24 Jun, 2022 06:13pm

Using RMB/PKR in bilateral trade: PM directs SBP to hold meetings with Chinese banks

Finance Division has been directed to take immediate measures to address the liquidity issues of CPEC IPPs

Updated 06 Jun, 2022 09:42am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37
France CAC40 / Dec 17	7,365.70
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	8 ▲ 0.89 (12.52%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Leather Up Ltd. / Dec 18 Leather Up Limited(LEUL)	26.74 ▲ 2.43 (10.00%)
Pak Datacom / Dec 18 Pak Datacom Limited(PAKD)	103.94 ▲ 9.45 (10.00%)
B.R.R. Guardian / Dec 18 B.R.R. Guardian Limited(BRRG)	21.24 ▲ 1.93 (9.99%)

Stock	Price
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
Din Tex. / Dec 18 Din Textile Mills Limited(DINT)	45.90 ▼ -5.10 (-10.00%)
Dawood Lawrencepur / Dec 18 Dawood Lawrencepur Limited(DLL)	211.50 ▼ -23.50 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)
Calcorp Ltd / Dec 18 Calcorp Limited(CASH)	26.22 ▼ -2.91 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.13
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▼ -0.01
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.45
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▲ 0.02
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -0.66
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 2.18
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.04
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▼ -3.83
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▼ -0.22

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