Trends - rupee devaluation - Business Recorder

rupee devaluation

Inter-bank: rupee sees minor recovery against US dollar

Currency appreciates 0.04%, settles at 285.52 against US dollar

Updated 28 Nov, 2023 09:53pm

Pakistan

Dar reiterates stance on Pakistan’s currency, calls rupee undervalued

Newly-nominated Leader of the House in Senate wants stakeholders to come onboard to resolve exchange rate issue

Updated 27 Nov, 2023 10:57pm

Opinion

Criticality of foreign investment

Apparently, foreign investors are finding it difficult to maintain sustainability of their businesses in Pakistan....

Updated 03 Jul, 2023 07:56am

Hike in prices of essential drugs approved by ECC

ECC approves Ministry of National Health Services summary for an increase based on the recommendations of the Policy Board of DRAP in the wake of the devaluation of the rupee and inflation

Updated 29 Apr, 2023 11:37am

Business & Finance

Khalid Siraj Textile Mills suspends production for another 2 months

Cites continued political unrest, import restrictions and an unchecked dollar increase as reasons

Updated 27 Mar, 2023 05:23pm

Business & Finance

Medicine importers face huge losses due to rupee devaluation

KARACHI: Pharmaceutical sector is expecting a severe shortage of lifesaving medicines in the country as the ...

Published 22 Mar, 2023 06:24am

Business & Finance

Drug price adjustment: Pharma industry seeks support of govt

ISLAMABAD: Pharma industry has sought the support of the government for addressing their issues related to price...

Published 15 Mar, 2023 07:05am

Business & Finance

Atlas Honda increases motorcycle prices for second time in Feb

The biggest player in the two-wheeler segment in Pakistan, Honda Atlas has increased motorcycle prices between the...

Published 16 Feb, 2023 10:38am

Business & Finance

Indus Motor raises Toyota car prices for a third time in 2023

Hike goes as high as Rs890,000

Updated 14 Feb, 2023 07:31pm

Business & Finance

Raw materials, PKR, inflation: pharma industry urges govt to help resolve issues

LAHORE: In the wake of increase in the prices of raw material, devaluation of Pakistani rupee and unprecedented...

Published 11 Feb, 2023 07:36am

Markets

Highly critical: SBP-held foreign exchange reserves fall $170mn, now stand at mere $2.92bn

Total liquid foreign reserves held by the country stood at $8.54 billion

Published 09 Feb, 2023 07:03pm

Business & Finance

Pak Suzuki raises car prices for second time in a month

Automobile rates hiked by up to Rs350,000

Updated 09 Feb, 2023 04:45pm

Business & Finance

Up to $5mn smuggled into Afghanistan from Pakistan daily: report

In Bloomberg interview, Zafar Paracha said 'currency is being smuggled without any doubt. This has become quite a lucrative business'

Updated 07 Feb, 2023 06:59pm

Technology

‘Country heading towards digital catastrophe’

ISLAMABAD: The chief executive officers of Pakistan’s largest telecom companies have warned that the country is...

Updated 03 Feb, 2023 10:35am

Fitch says PKR to further weaken

ISLAMABAD: The Pakistani rupee is expected to weaken further, particularly with the country’s balance of payments...

Updated 01 Feb, 2023 11:30am

Markets

Gold price sees biggest one-day decline, retreats to Rs201,500 per tola in Pakistan

Rupee appreciation, hopes of positive outcome of talks with IMF steer decrease

Published 31 Jan, 2023 07:43pm

Business & Finance

Atlas Honda increases motorcycle prices in Pakistan by up to Rs30,000

Import restrictions, hike in cost of production influence company to increase rates

Published 31 Jan, 2023 03:33pm

Business & Finance

Hike to fuel inflation: Tarin

ISLAMABAD: Former finance minister and Pakistan Tehreek-e-Insaf (PTI) leader Shaukat Tarin said on Sunday that the...

Updated 30 Jan, 2023 09:27am

Business & Finance

SBP restrictions, rupee devaluation hitting auto sector: Indus Motor Company

Says demand has declined due to economic downturn

Updated 09 Nov, 2022 08:20pm

Business & Finance

Dar will arrest PKR slide: FEBR

LAHORE: President Friends of Economics & Business Reforms (FEBR) Kashif Anwar stressed his hope that the...

Published 28 Sep, 2022 07:01am

Business & Finance

FPCCI asks govt to appoint SBP governor ‘within 48 hours’

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has demanded the appointment of a...

Published 22 Jul, 2022 06:07am

Business & Finance

SBP urged to take steps for stopping rupee devaluation

Vice President of PBF Ahmad Jawad says Pakistan cannot afford a 'dollarised' economy

Updated 19 Jun, 2022 09:46am

Markets

KE’s profitability severely impacted due to MTR decision, rupee devaluation

KARACHI: Driven by continued and targeted investments of PKR 36.99 billion across the power value chain, key...

Published 08 May, 2022 06:32am

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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