Trends - Riba free system - Business Recorder

Riba free system

Islamic banking and finance in Pakistan: challenges and roadmap

“Allah has permitted trade and forbidden usury”. Al Baqarah. The creation of Pakistan was indeed based on the...

Updated 06 Dec, 2024 08:31am

Pakistan

Need for national plan stressed at conference: Financial sector capable of providing Riba-free services to all: speakers

KARACHI: The financial sector is capable of providing Riba-free services to all segments of society and a national...

Published 20 Jan, 2023 07:53am

Pakistan

Implementation of FSC’s judgment on Riba: FD constitutes Steering Committee

ISLAMABAD: Finance Division has constituted a Steering Committee for providing strategic guidance regarding...

Published 24 Dec, 2022 06:56am

Pakistan

FSC’s judgment against Riba: Private banks should withdraw appeals: Ashrafi

ISLAMABAD: Prime Minister’s Special Representative for Interfaith Harmony and the Middle East Hafiz Muhammad Tahir...

Published 05 Dec, 2022 08:05am

Business & Finance

Govt remains committed to eliminate interest-based banking system in Pakistan: Dar

A special wing to be set up at the SBP for the promotion of interest-free system, says Dar
SBP governor Jameel Ahmad says demand for Islamic banking higher than conventional banking

Updated 30 Nov, 2022 09:02pm

Business & Finance

Traders laud FSC decision over ban on interest by 2027

KARACHI: Irfan Iqbal Sheikh, President FPCCI said that the business community supports the transformation of...

Published 02 Jul, 2022 04:10am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.80
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

Stock	Volume
S&P 500 / Jan 21	6,049.24
India Sensex / Jan 21	75,838.36
Tokyo Nikkei / Jan 21	39,604.71
Nasdaq / Jan 21	19,756.78
Hang Seng / Jan 21	19,872.36
FTSE 100 / Jan 21	8,548.29
Dow Jones / Jan 21	44,025.81
Germany DAX 30 / Jan 21	21,042

Item	Value
Crude Oil USD/Barrel / Jan 21	75.89
Karachi Cotton PKR/37.32 KG / Jan 21	18,485
Gold 10 Grams PKR / Jan 21	242,798
Gold Spot USD/Ounce / Jan 21	2,749.13
Cotton US¢/pound / Jan 21	67.43
Petrol/Litre / Jan 22	256.13

Gainers
Losers
Leaders

Stock	Price
Leather Up Ltd. / Jan 22 Leather Up Limited(LEUL)	27.57 ▲ 2.51 (10.02%)
Pak Engineering / Jan 22 Pakistan Engineering Company Limited(PECO)	738 ▲ 66.78 (9.95%)
Pak Gen.Ins. / Jan 22 The Pakistan General Insurance Co. Ltd.(PKGI)	9.30 ▲ 0.80 (9.41%)
Popular Islamic / Jan 22 Popular Islamic Modaraba(PIM)	12.59 ▲ 1.06 (9.19%)
Elahi Cot. / Jan 22 Elahi Cotton Mills Limited(ELCM)	110.60 ▲ 7.60 (7.38%)
Escorts Bank / Jan 22 Escorts Investment Bank Limited(ESBL)	6 ▲ 0.40 (7.14%)
Olympia Mills / Jan 22 Olympia Mills Limited(OML)	37.99 ▲ 2.34 (6.56%)
Jah.Sidd. Co. / Jan 22 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.50 ▲ 1.42 (6.43%)
Towellers Ltd. / Jan 22 Towellers Limited(TOWL)	159.49 ▲ 9.46 (6.31%)

Stock	Price
Suhail Jute / Jan 22 Suhail Jute Mills Limited(SUHJ)	102.20 ▼ -11.27 (-9.93%)
Sindh Abadgar / Jan 22 Sindh Abadgar's Sugar Mills Limited(SASML)	37.11 ▼ -3.89 (-9.49%)
Supernet Tech. / Jan 22 Supernet Technologies Limited(STL)	851 ▼ -75.91 (-8.19%)
Faisal Sp. / Jan 22 Faisal Spinning Mills Limited(FASM)	340.03 ▼ -29.87 (-8.08%)
Grays Leasing / Jan 22 Grays Leasing Limited(GRYL)	5.05 ▼ -0.44 (-8.01%)
Faran Sugar / Jan 22 Faran Sugar Mills Limited(FRSM)	44 ▼ -3.72 (-7.80%)
Gulistan Sp. / Jan 22 Gulistan Spinning Mills Limited(GUSM)	11.85 ▼ -0.99 (-7.71%)
Sapphire Fibres / Jan 22 Sapphire Fibres Limited(SFL)	1,115.05 ▼ -66.93 (-5.66%)
Ashfaq Textile / Jan 22 Ashfaq Textile Mills Limited(ASHT)	13.31 ▼ -0.79 (-5.60%)

Stock	Volume
Cnergyico PK / Jan 22 Cnergyico PK Limited(CNERGY)	114,034,653 ▼ -0.03
Bank Makramah / Jan 22 Bank Makramah Limited(BML)	69,476,357 ▲ 0.03
WorldCall Telecom / Jan 22 Worldcall Telecom Limited(WTL)	64,227,770 ▼ -0.02
Fauji Cement / Jan 22 Fauji Cement Company Limited(FCCL)	53,698,225 ▲ 0.40
Citi Pharma Ltd / Jan 22 Citi Pharma Ltd.(CPHL)	23,402,152 ▲ 3.55
Lotte Chemical / Jan 22 Lotte Chemical Pakistan Limited(LOTCHEM)	23,042,045 ▲ 0.07
Ghani Chem. Ind. / Jan 22 Ghani Chemical Industries Limited(GCIL)	21,938,589 ▲ 0.10
Power Cement / Jan 22 Power Cement Limited(POWER)	21,682,567 ▼ -0.06
B.O.Punjab / Jan 22 The Bank of Punjab(BOP)	14,838,637 ▼ -0.11

Markets →

Budget 2024-25: income tax calculator for FY25

Riba free system

Islamic banking and finance in Pakistan: challenges and roadmap

Need for national plan stressed at conference: Financial sector capable of providing Riba-free services to all: speakers

Implementation of FSC’s judgment on Riba: FD constitutes Steering Committee

FSC’s judgment against Riba: Private banks should withdraw appeals: Ashrafi

Govt remains committed to eliminate interest-based banking system in Pakistan: Dar

Traders laud FSC decision over ban on interest by 2027

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