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 / May 14	281.78
USD PKR Interbank Buying / May 14	281.68
USD to Japanese Yen / May 14	147.13
USD to Swiss Franc / May 14	0.84
Pound Sterling to USD / May 14	1.33
Euro to USD / May 14	1.12
UK LIBOR % / May 13	4.96

Stock	Volume
S&P 500 / May 13	5,886.55
Nasdaq / May 13	19,010.09
Dow Jones / May 13	42,140.43
India Sensex / May 14	81,497.76
Tokyo Nikkei / May 14	38,113.18
Hang Seng / May 14	23,504.69
FTSE 100 / May 14	8,607.88
Germany DAX 30 / May 14	23,613.03
France CAC40 / May 14	7,846.03

Item	Value
Karachi Cotton PKR/37.32 KG / May 13	16,985
Gold 10 Grams PKR / May 13	295,096
Cotton US¢/pound / May 13	66.61
Crude Oil USD/Barrel / May 14	63.39
Gold Spot USD/Ounce / May 14	3,234.38
Petrol/Litre / May 15	252.63
Diesel/Litre / May 15	256.64

Gainers
Losers
Leaders

Stock	Price
Ghani Chemworld / May 14 Ghani Chemworld Limited(GCWL)	8.14 ▲ 1 (14.01%)
Al-Shaheer Corp / May 14 Al Shaheer Corporation Limited(ASC)	7.72 ▲ 0.84 (12.21%)
B. F. Mod. / May 14 B.F. Modaraba(BFMOD)	9.34 ▲ 1 (11.99%)
AN Textile Mill / May 14 AN Textile Mills Limited(ANTM)	10.79 ▲ 1 (10.21%)
S.G.Power / May 14 S.G. Power Limited(SGPL)	7.71 ▲ 0.71 (10.14%)
Hala Enterprise / May 14 Hala Enterprises Limited(HAEL)	12.05 ▲ 1.1 (10.05%)
Dewan Motors / May 14 Dewan Farooque Motors Limited(DFML)	36.03 ▲ 3.28 (10.02%)
Bunnys Limited / May 14 Bunnys Limited(BNL)	28.01 ▲ 2.55 (10.02%)
Flying Cement / May 14 Flying Cement Company Limited(FLYNG)	44.96 ▲ 4.09 (10.01%)
LSE Financial Serv. / May 14 LSE Financial Services Limited(LSEFSL)	21.99 ▲ 2 (10.01%)

Stock	Price
Dewan Mushtaq / May 14 Dewan Mushtaq Textile Mills Limited(DMTM)	8.83 ▼ -0.97 (-9.9%)
Bilal Fibres / May 14 Bilal Fibres Limited(BILF)	17.72 ▼ -1.87 (-9.55%)
Kohinoor Mills / May 14 Kohinoor Mills Limited(KML)	29.17 ▼ -2.75 (-8.62%)
TPL Trakker Ltd / May 14 TPL Trakker Limited(TPLT)	6.06 ▼ -0.53 (-8.04%)
IbrahimFibres / May 14 Ibrahim Fibres Limited(IBFL)	321.92 ▼ -26.51 (-7.61%)
F.Credit & Inv / May 14 First Credit and Investment Bank Limited(FCIBL)	7.41 ▼ -0.58 (-7.26%)
Dadabhoy Cement / May 14 Dadabhoy Cement Industries Limited(DBCI)	4.51 ▼ -0.29 (-6.04%)
Merit Packaging / May 14 Merit Packaging Limited(MERIT)	9.01 ▼ -0.54 (-5.65%)
Samba Bank / May 14 Samba Bank Limited(SBL)	8.75 ▼ -0.52 (-5.61%)
Ist.Capital Sec / May 14 First Capital Securities Corporation(FCSC)	1.37 ▼ -0.08 (-5.52%)

Stock	Volume
At-Tahur Ltd. / May 14 At-Tahur Limited(PREMA)	38,761,905 ▲ 4.08
Fauji Cement / May 14 Fauji Cement Company Limited(FCCL)	36,170,971 ▲ 0.33
Sui South Gas / May 14 Sui Southern Gas Company Limited(SSGC)	32,384,781 ▲ 3.28
WorldCall Telecom / May 14 Worldcall Telecom Limited(WTL)	22,631,360 ▼ -0.01
Pak Refinery / May 14 Pakistan Refinery Limited(PRL)	20,536,680 ▲ 1.59
D.G.K.Cement / May 14 D.G. Khan Cement Company Limited(DGKC)	19,418,708 ▼ -3.26
Power Cement / May 14 Power Cement Limited(POWER)	19,235,608 ▲ 0.05
Cnergyico PK / May 14 Cnergyico PK Limited(CNERGY)	19,025,407 ▲ 0.04
B.O.Punjab / May 14 The Bank of Punjab(BOP)	16,672,255 ▼ -0.05
K-Electric Ltd. / May 14 K-Electric Limited(KEL)	15,717,046 ▼ -0.05

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