Trends - interest rate - Business Recorder

interest rate

Hub Chamber demands cut in interest rate

KARACHI: President of the Hub Chamber of Commerce and Industry Yakoob H Karim, former Presidents Maqsood Ismail and...

Published 31 Oct, 2024 07:34am

Business & Finance

BQATI urges MPC to slash interest rate

KARACHI: Bon Qasim Association of Trade and Industry (BQATI) has called on the Monetary Policy Committee (MPC) to...

Published 28 Oct, 2024 06:21am

Business & Finance

KATI seeks cut in interest rate immediately

KARACHI: Korangi Association of Trade and Industry (KATI) President Junaid Naqi has urged the State Bank and the...

Published 25 Oct, 2024 07:56am

Business & Finance

NKAATI demands to reduce interest rate by 4pc in MP

KARACHI: Faisal Moiz Khan, President of the North Karachi Association of Trade and Industry (NKAATI), stated that in...

Published 25 Oct, 2024 07:54am

Business & Finance

200bps cut in key policy rate likely

KARACHI: With the State Bank of Pakistan (SBP) set to hold its Monetary Policy Committee (MPC) meeting on November ...

Published 25 Oct, 2024 06:28am

Business & Finance

Proposed mini-budget rejected: Govt urged to slash power rates by 9pc

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry's top officials, Zakki Ejaz and SM Tanveer,...

Published 18 Oct, 2024 07:43am

Business & Finance

ECB makes back-to-back interest rate cuts as inflation falls

FRANKFURT: The European Central Bank cut interest rates again Thursday, upping the tempo at which it is lowering...

Updated 17 Oct, 2024 06:38pm

Business & Finance

Pakistan needs to finance budget deficit thru external borrowing, non-bank borrowing: study

ISLAMABAD: Pakistan needs to finance the budget deficit through external borrowing and non-bank borrowing as these...

Published 08 Oct, 2024 06:46am

Pakistan

Business leader says JI has transformed into ‘pressure group’

LAHORE: Chairman Supreme Council Anjuman Tajiran Naeem Mir has alleged that Jamaat-e-Islami has transformed into a...

Published 29 Sep, 2024 02:46am

Markets

Japan’s Nikkei books best week since mid-Aug

TOKYO: Japan’s Nikkei share average rose on Friday and logged its best week since mid-August, but gains were ...

Published 21 Sep, 2024 06:43am

Markets

European shares slip but set for weekly gains

PARIS: European shares slipped on Friday after a rally in the previous session spurred by the US Federal Reserve’s...

Published 21 Sep, 2024 06:43am

Business & Finance

Turkish central bank keeps rates steady, alters guidance

ISTANBUL: Turkiye’s central bank held its main interest rate steady at 50% for a sixth straight month on Thursday as...

Updated 19 Sep, 2024 06:16pm

Business & Finance

SAI chief condemns 2pc cut in interest rate

KARACHI: Muhammad Kamran Arbi, President of the Site Association of Industry (SAI), has criticized the State Bank of...

Published 14 Sep, 2024 06:56am

Business & Finance

UBG seeks more 3pc cut in interest rate

KARACHI: Leaders of United Business Group (UBG) have criticised the State Bank’s mere 2% reduction in the interest...

Published 14 Sep, 2024 06:45am

Business & Finance

SBP Overnight Repo rates

KARACHI: The State Bank of Pakistan (SBP) has decided to decrease ‘Policy Rate’ (Target Rate) from 19.50 percent...

Published 13 Sep, 2024 06:13am

Business & Finance

PHMA wants interest rate in single-digit

KARACHI: Pakistan Hosiery Manufacturers & Exporters Association (PHMA) has urged the State Bank to cut interest...

Published 13 Sep, 2024 06:13am

Business & Finance

SBP made its most aggressive move on the interest rate, but business associations are still unhappy

The State Bank of Pakistan (SBP) moved more aggressively on the key interest rate than what the wider market had...

Updated 12 Sep, 2024 09:26pm

Markets

Most aggressive cut since April 2020: SBP reduces key policy rate by 200bps, brings it down to 17.5%

Pace of disinflation exceeded earlier expectations, says central bank
The previous occasion SBP moved with this quantum of reduction was in April 2020

Updated 12 Sep, 2024 10:54pm

Markets

KSE-100 gains on anticipation of reduction in key policy rate

Bullish sentiments were witnessed at the Pakistan Stock Exchange (PSX), amid expectations of further reduction in...

Updated 12 Sep, 2024 10:05pm

World

Fed seen cutting policy rate by 25 bps next week

WASHINGTON: US central bankers will likely start long-awaited interest-rate cuts next week with a...

Published 12 Sep, 2024 03:48am

Business & Finance

Traders urge govt to reduce interest rate to boost economic growth

PESHAWAR: Members of the business community urged the government to reduce the current interest rate for economic...

Published 10 Sep, 2024 06:32am

Business & Finance

Business leader for 10pc cut in policy rate

KARACHI: Pakistan’s renowned industrialist and United Business Group (UBG) leader, Farhan Hanif, has urged the...

Published 10 Sep, 2024 06:32am

Business & Finance

UBG demands cut in interest rate

KARACHI: Leaders of United Business Group (UBG) have demanded the government to reduce interest rates by 4 to 5...

Published 10 Sep, 2024 06:32am

Opinion

Why monetary policy prudence is a virtue

The upcoming monetary policy announcement on September 12th comes at a time when headline inflation has dropped to...

Updated 09 Sep, 2024 08:02am

Business & Finance

FPCCI seeks 400bps cut in interest rate

LAHORE: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has called on the government and ...

Updated 07 Sep, 2024 09:00am

Business & Finance

Further ease in monetary policy stance expected

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) announced the next monetary policy...

Published 06 Sep, 2024 07:53am

Business & Finance

KCCI chief urges SBP to reduce interest rate ‘substantially’

KARACHI: Chairman Businessmen Group Zubair Motiwala and President Karachi Chamber of Commerce & Industry (KCCI)...

Published 05 Sep, 2024 06:19am

Business & Finance

Calculating income tax liability: Tax dept has failed to force bank to offer interest against ‘sticky’ loans

LAHORE: The Tax department has failed to force an investment bank to offer the interest against sticky loans for...

Published 28 Aug, 2024 06:22am

MoF, SBP inform Senate panel: Govt borrowed from IMF at 5.09pc interest rate in 2023

Senate Standing Committee on Economic Affairs seeks details of utilisation of the loan

Updated 23 Aug, 2024 11:28am

Opinion

Against monetary dogma

“We’re captive on the carousel of time,” sang Joni Mitchell, “and go round and round and round/In the circle game.”...

Published 20 Aug, 2024 07:08am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 30	277.85
USD PKR Interbank Buying / Oct 30	277.65
USD to Japanese Yen / Oct 30	153.03
USD to Swiss Franc / Oct 30	0.87
Pound Sterling to USD / Oct 30	1.29
Euro to USD / Oct 30	1.08

Stock	Volume
S&P 500 / Oct 30	5,813.67
India Sensex / Oct 30	79,850.58
Tokyo Nikkei / Oct 30	39,116.79
Nasdaq / Oct 30	18,607.93
Hang Seng / Oct 30	20,489.06
FTSE 100 / Oct 30	8,159.63
Dow Jones / Oct 30	42,141.54
Germany DAX 30 / Oct 30	19,257.34

Item	Value
Crude Oil USD/Barrel / Oct 30	68.95
Karachi Cotton PKR/37.32 KG / Oct 30	18,085
Gold 10 Grams PKR / Oct 30	246,403.40
Gold Spot USD/Ounce / Oct 30	2,786.14
Cotton US¢/pound / Oct 30	69.88
Petrol/Litre / Oct 31	247.03

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 31 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 31 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 31 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 31 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 31 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 31 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 31 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 31 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 31 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 31 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 31 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 31 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 31 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 31 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 31 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 31 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 31 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 31 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 31 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 31 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 31 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 31 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 31 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 31 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 31 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 31 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 31 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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