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RMB

RMB, FDI, export-oriented enterprises: GFZ may be granted exemption to initiate pilot project

ISLAMABAD: The government is likely to exempt Gwadar Free Zone (GFZ) from Import and Export Order and Foreign...

Updated 10 Oct, 2024 09:11am

Opinion

Is de-dollarisation on the move

**This is the first of a two-part series on de-dollarisation. An exclusive report carried by Business Recorder...

Updated 30 Sep, 2024 08:09am

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

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

RMB clearing operations: milestone achieved

Governor State Bank of Pakistan Jameel Ahmed says role of renminbi is continuously increasing in the global economy and international financial markets

Updated 28 Oct, 2023 04:29pm

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

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

Opinion

Shift away from USD picking up the pace

The mighty US dollar that reigned supreme for several decades is witnessing a challenge to its dominance. There is a...

Updated 15 Apr, 2023 07:33am

Global currency: Govt supports China’s efforts to expand use of RMB

Pakistan is one of the leading countries to use RMB for international trade settlement, says minister Ahsan Iqbal

Updated 07 Apr, 2023 01:08pm

Opinion

Misconceived ML-1 railway project

During a meeting between Chinese President Xi Jinping and Prime Minister Shehbaz Sharif early this month, both sides...

Published 19 Nov, 2022 06:17am

Business & Finance

BMP for early establishment of PKR-RMB clearing arrangement

LAHORE: The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel (BMP) has called for...

Published 07 Nov, 2022 07:34am

RMB clearance: SBP signs MoU with Chinese bank

KARACHI: The State Bank of Pakistan (SBP) and Peoples Bank of China (PBoC) signed a Memorandum of Understanding...

Updated 03 Nov, 2022 09:53am

China to help stabilise Pak economy: Xi

BEIJING: China will continue to support Pakistan as it tries to stabilise its financial situation, state media...

Updated 03 Nov, 2022 09:55am

Business & Finance

China’s yuan on track

SHANGHAI: China’s yuan weakened against the dollar on Monday and was on track for its eighth straight monthly...

Published 01 Nov, 2022 05:55am

Business & Finance

Yuan slides to two-year low

SHANGHAI: China’s yuan traded offshore weakened to 7 per dollar in European hours on Thursday, as markets continue...

Published 16 Sep, 2022 06:04am

Markets

Resolution of key issues awaited: Chinese power companies still facing stumbling blocks

ISLAMABAD: Chinese imported-coal fired power companies are reportedly still facing stumbling blocks in resolution of...

Updated 15 Aug, 2022 10:55am

Opinion

Reform and development of China’s financial sector

(—eighth part of the “China in the past decade” series) Since the 18th National Congress of the Communist ...

Published 06 Aug, 2022 04:02am

Port Qasim coal-fired power plant: Chinese propose use of RMB

ISLAMABAD: Chinese coal power producers have shared their concerns with Prime Minister Shehbaz Sharif and proposed...

Updated 01 Aug, 2022 09:48am

Gwadar Free Zone: Irked by rupee slide, Chinese for accounts in RMB

Chinese investors in Gwadar have sought permission to maintain their bank accounts in RMB in Gwadar Free Zone without converting their money into Rupees

Updated 18 Jul, 2022 10:21am

Forex reserves soar on $2bn Chinese inflows

Country’s reserves were constantly on decline due to scheduled external debt servicing and financing of current account deficit

Updated 01 Jul, 2022 09:45am

July-May period: C/A deficit crosses $15bn mark

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 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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