Trends - Malik Bostan - Business Recorder

Malik Bostan

Artificial appreciation of PKR to encourage imports: Pasha

ISLAMABAD: “The crackdown on illegal exchange dealers and envisaged investment inflows from friendly countries has...

Updated 13 Sep, 2023 10:58am

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

Forex buyers, sellers: Senate panel urged to remove CNIC-video condition

ISLAMABAD: Exchange Companies Association of Pakistan (ECAP) Chairman Malik Bostan Wednesday suggested to the Senate...

Updated 30 Mar, 2023 08:27am

Exchange rate: Removal of cap to inject stability into currency market: Bostan

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

Updated 28 Jan, 2023 12:35pm

SBP officials, ECAP leaders discuss USD supply

KARACHI: The State Bank of Pakistan (SBP) has assured dollar supply against export of other currencies to exchange...

Updated 26 Jan, 2023 10:46am

ECs lift cap on dollar rate

KARACHI: The Exchange Companies Association of Pakistan (ECAP) has announced removal of price cap on exchange rate...

Updated 25 Jan, 2023 08:51am

Markets

Exchange companies set to remove ‘self-imposed price cap’ on open-market dollars

Association says it will sell the foreign currency in accordance with demand-supply dynamics

Published 24 Jan, 2023 07:46pm

Business & Finance

Market expects Geneva pledges to help ease pressure on foreign exchange reserves

KARACHI: With some $10 billion commitments in the Geneva Conference, the default risk has further reduced and the...

Updated 10 Jan, 2023 09:59am

Markets

Rupee remains under pressure, settles at 226.15 against US dollar

Depreciates 0.15% in inter-bank market on Tuesday

Updated 27 Dec, 2022 06:58pm

Business & Finance

Bostan explains how hundi/hawala business gets a huge boost

KARACH: Exchange Companies Association of Pakistan (ECAP) President Malik Bostan Monday said that black marketing of...

Published 27 Dec, 2022 07:10am

Markets

Bostan says Pakistan hemorrhaging dollars owing to smuggling and trade with Afghanistan

KARACHI: Malik Muhammad Bostan, president of the Forex Association of Pakistan, claimed on Monday that the country...

Published 26 Dec, 2022 10:01pm

Business & Finance

Political instability has badly affected economy: Bostan

KARACHI: President of Forex Association of Pakistan Malik Muhammad Bostan has said that political instability has ...

Published 11 Nov, 2022 06:37am

ECs can sell 20pc inward remittances to customers: SBP

KARACHI: The State Bank of Pakistan (SBP) has allowed Exchange Companies to sell 20 percent of their inward workers’...

Updated 04 Nov, 2022 09:42am

Markets

$2,000 and above: Exchange Companies must conduct sale transactions through banking channels: SBP

KARACHI: In order to further strengthen the regulatory regime for Exchange Companies and promote the banking...

Updated 24 Sep, 2022 10:37am

Markets

Hoarding by exporters contributing to rupee's fall, dealers say

Rule out currency's collapse is due to public demand, stress ample supply for buyers available

Published 18 May, 2022 04:53pm

PM concerned at PKR slide

KARACHI: The Prime Minister Shehbaz Sharif has expressed serious concern over the continued slide of Pak Rupee...

Updated 17 May, 2022 09:55am

Business & Finance

Govt urged to slash imports in order to reduce trade deficit

KARACHI: Business community has urged the government to declare an economic emergency in the country and immediately...

Published 15 May, 2022 05:35am

Markets

FBR chief has pledged to withdraw notices against exchange companies: Malik Bostan

ECAP chairman says imposition of 16% FED will encourage public towards 'black market'

Updated 22 Jan, 2022 05:26pm

Markets

A new all-time low for Pakistan's rupee against US dollar

Currency closes at 170.8 in inter-bank market on Monday

Updated 04 Oct, 2021 10:12pm

PKR at record low due to flight of dollars to Afghanistan

KARACHI: PKR dropped to a record low on Wednesday to close at 169.12 against the US dollar, a depreciation that some...

Updated 16 Sep, 2021 09:22am

Business & Finance

Pakistan's rupee nears all-time low after another fall against US dollar

Closes at 168.02 against the dollar in the inter-bank market

Published 10 Sep, 2021 05:52pm

PKR slide: Afghanistan situation key factor

Afghanistan relies on foreign aid and after the suspension of foreign inflows the pressure on PKR has increased

Updated 06 Sep, 2021 11:19am

Business & Finance

PKR continues to lose ground against USD, closes at Rs165.2 in inter-bank market

Pakistan's currency falls to a 10-month low

Published 24 Aug, 2021 04:55pm

Business & Finance

Pakistani rupee suffers slump, down to 163.67 against US dollar

Currency's decline ongoing since May this year as high import payments take toll

Published 02 Aug, 2021 05:13pm

Markets

Rupee declines to nine-month low as import bill mounts

Pressure on currency comes amid widening current account deficit

Published 19 Jul, 2021 05:22pm

Markets

USD to decline further against PKR; Expert anticipates record Remittances in Eid season

“Each month $300 to $400 million dollars are coming into interbank market through exchange companies which have led to the rise in foreign exchange reserves and strengthen the local currency,” he said.
Malik Bostan informed that Pakistan has become the fourth largest in terms of remittance inflows, with India at the top followed by China and the Philippines.

Published 13 Apr, 2021 02:11pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 29	278.93
USD PKR Interbank Buying / Jan 29	278.73
USD to Japanese Yen / Jan 29	155.27
USD to Swiss Franc / Jan 29	0.90
Pound Sterling to USD / Jan 29	1.25
Euro to USD / Jan 29	1.04

Stock	Volume
S&P 500 / Jan 28	6,067.70
Nasdaq / Jan 28	19,733.59
Dow Jones / Jan 28	44,850.35
India Sensex / Jan 29	76,280.68
Tokyo Nikkei / Jan 29	39,346.10
Hang Seng / Jan 29	20,225.11
FTSE 100 / Jan 29	8,526.69
Germany DAX 30 / Jan 29	21,503.20

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 28	18,485
Gold 10 Grams PKR / Jan 28	247,560.80
Crude Oil USD/Barrel / Jan 29	73.75
Gold Spot USD/Ounce / Jan 29	2,761.08
Cotton US¢/pound / Jan 29	67.12
Petrol/Litre / Jan 30	256.13

Gainers
Losers
Leaders

Stock	Price
Waves Home Appliances / Jan 29 Waves Home Appliances Limited(WAVESAPP)	11.63 ▲ 1.06 (10.03%)
Redco Textile / Jan 29 Redco Textiles Limited(REDCO)	19.97 ▲ 1.82 (10.03%)
Jauharabad Sug / Jan 29 Jauharabad Sugar Mills Limited(JSML)	21.84 ▲ 1.99 (10.03%)
Saritow Spinning / Jan 29 Saritow Spinning Mills Limited(SSML)	14.81 ▲ 1.35 (10.03%)
Leather Up Ltd. / Jan 29 Leather Up Limited(LEUL)	44.41 ▲ 4.04 (10.01%)
Fateh Sports / Jan 29 Fateh Sports Wear Limited(FSWL)	86.43 ▲ 7.86 (10%)
Supernet Ltd. / Jan 29 Supernet Limited (GEM)(GEMSPNL)	19.80 ▲ 1.8 (10%)
Sanghar Sugar / Jan 29 Sanghar Sugar Mills Limited(SANSM)	30.69 ▲ 2.79 (10%)
Shahmurad Sugar / Jan 29 Shahmurad Sugar Mills Limited(SHSML)	398.70 ▲ 36.25 (10%)

Stock	Price
D.S. Ind. Ltd. / Jan 29 D.S. Industries Limited(DSIL)	4.51 ▼ -0.85 (-15.86%)
Tariq Corp.Pref. / Jan 29 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.88 ▼ -1 (-12.69%)
PICIC Ins.Ltd. / Jan 29 PICIC Insurance Limited(PIL)	2.25 ▼ -0.32 (-12.45%)
Punjab Mod / Jan 29 First Punjab Modaraba(FPJM)	2.60 ▼ -0.33 (-11.26%)
National Silk / Jan 29 The National Silk & Rayon Mills Limited(NSRM)	49.29 ▼ -5.48 (-10.01%)
Blessed Tex. / Jan 29 Blessed Textiles Limited(BTL)	306 ▼ -34 (-10%)
Shahtaj Sugar / Jan 29 Shahtaj Sugar Mills Limited(SHJS)	111.67 ▼ -12.41 (-10%)
Crescent Steel / Jan 29 Crescent Steel & Allied Products Limited(CSAP)	112.88 ▼ -12.54 (-10%)
Suhail Jute / Jan 29 Suhail Jute Mills Limited(SUHJ)	82.02 ▼ -8.63 (-9.52%)

Stock	Volume
WorldCall Telecom / Jan 29 Worldcall Telecom Limited(WTL)	67,917,203 ▼ -0.01
Cnergyico PK / Jan 29 Cnergyico PK Limited(CNERGY)	31,182,412 ▲ 0.14
Sui South Gas / Jan 29 Sui Southern Gas Company Limited(SSGC)	29,454,322 ▼ -1.6
K-Electric Ltd. / Jan 29 K-Electric Limited(KEL)	29,207,516 ▲ 0.11
Fauji Foods Ltd / Jan 29 Fauji Foods Limited(FFL)	26,339,311 ▼ -0.04
Citi Pharma Ltd / Jan 29 Citi Pharma Ltd.(CPHL)	26,038,104 ▼ -0.81
Dewan Motors / Jan 29 Dewan Farooque Motors Limited(DFML)	24,645,415 ▲ 3.11
Fauji Cement / Jan 29 Fauji Cement Company Limited(FCCL)	18,743,736 ▼ -0.97
Lotte Chemical / Jan 29 Lotte Chemical Pakistan Limited(LOTCHEM)	14,546,524 ▼ -0.55

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