Trends - SBP - Business Recorder

SBP

SBP likely to deliver sixth straight rate cut to revive economy

MPC scheduled to meet on January 27 (Monday)

Updated 24 Jan, 2025 09:39pm

Business & Finance

Debt servicing pushes forex reserves down $261m

KARACHI: Pakistan’s total liquid foreign exchange reserves fell by $261.6 million during last week due to external...

Published 24 Jan, 2025 06:26am

Markets

SBP-held foreign exchange reserves fall to $11.45bn on debt repayments

Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $276 million on a weekly basis,...

Updated 23 Jan, 2025 11:08pm

Pakistan

Pakistan’s inflation expected to fall below 3% in January

Declining inflation raise hopes of further cut in policy rate

Updated 23 Jan, 2025 11:05pm

Business & Finance

Auction for MTBs: Cut-off yield dips by up to 45bps

KARACHI: The cut-off yield of short-term government securities further declined up to 45 basis points in the auction...

Published 23 Jan, 2025 06:14am

Senate panel told: SBP simplifying merchant account setup

ISLAMABAD: The Deputy Governor of the State Bank of Pakistan, Dr Inayat Hussain, Wednesday said the SBP is...

Updated 23 Jan, 2025 04:26pm

SBP unveils key changes to implement IFRS 9

KARACHI: The State Bank of Pakistan (SBP) has announced key amendments to implement International Financial...

Updated 23 Jan, 2025 09:30am

Business & Finance

Pakistan’s banknotes manufacturer to upgrade plant

Security Papers Limited, the company engaged in manufacturing banknotes and other security papers, announced plans...

Updated 22 Jan, 2025 04:16pm

BR Research

Monetary easing: too much, and way too quickly?

If you are a macroeconomy observer still shell-shocked from the effects of the disastrous balance of payment crisis...

Published 21 Jan, 2025 07:57am

BR Research

FDI surge: a step forward, miles to go

The year 2024 marked an improvement in foreign direct investment (FDI) in Pakistan compared to previous years, with...

Updated 21 Jan, 2025 11:40am

Opinion

Value of the rupee

The SBP has released the estimate of the Real Effective Exchange Rate (REER) Index of the rupee in December 2024. It...

Updated 21 Jan, 2025 06:47am

Business & Finance

MPC meeting on 27th

KARACHI: The Monetary Policy Committee (MPC) of SBP will meet on Monday, January 27, 2025 to decide about the...

Published 21 Jan, 2025 06:12am

Business & Finance

Monetary Policy Committee to meet on January 27: SBP

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will meet on Monday, January 27, 2025, to...

Updated 20 Jan, 2025 07:57pm

BR Research

Trade woes, remittance flows: 1HFY25 in focus

The first half of the fiscal year presented a favorable macroeconomic picture, primarily due to falling inflation...

Published 20 Jan, 2025 09:20am

Opinion

Monetary crossroads: how far can SBP push the rate cuts?

The monetary policy is due next Monday. The committee, chaired by the SBP Governor, has already eased the policy ...

Published 20 Jan, 2025 05:31am

Markets

Marginal decline

KARACHI: Rupee recorded marginal decline against the US dollar during the previous week as it depreciated Re0.13 or...

Published 20 Jan, 2025 05:31am

Business & Finance

Country’s H1 FDI jumps 20pc to $1.33bn YoY

KARACHI: Foreign Direct Investment (FDI) surged by 20 percent in the first half of the current fiscal year (FY25),...

Published 18 Jan, 2025 05:45am

Business & Finance

Rise in exports, remittances in H1 causes C/A surplus

KARACHI: Pakistan’s current account posted a surplus of over $1 billion in the first half (July-December) of the...

Published 18 Jan, 2025 05:45am

IMF trims growth projection to 3pc

ISLAMABAD: The International Monetary Fund (IMF) has revised downward GDP growth rate projection for Pakistan to...

Updated 18 Jan, 2025 03:10pm

Business & Finance

1HFY25 FDI clocks in at $1.3bn, up 20% YoY

Net Foreign Direct Investment (FDI) in Pakistan grew 20% during the first half of the ongoing fiscal year (1HFY25),...

Updated 17 Jan, 2025 07:22pm

Business & Finance

Pakistan’s REER index clocks in at 103.7 in December 2024

Pakistan’s Real Effective Exchange Rate (REER), a measure of the value of a currency against a weighted average of...

Updated 17 Jan, 2025 07:58pm

Markets

Pakistan registers massive $582mn current account surplus in December 2024

This is fifth consecutive month of current account surplus

Updated 17 Jan, 2025 09:04pm

BR Research

It’s all relative

Happiness can be fleeting, and if the adage “this too shall pass” always holds true, unhappiness would be too. Not...

Published 17 Jan, 2025 07:55am

Business & Finance

UAE confirms rollover of $2bn deposits

KARACHI: The United Arab Emirates (UAE) has confirmed rollover of $2 billion deposits placed with the State Bank of...

Published 17 Jan, 2025 02:56am

Markets

SBP-held foreign exchange reserves increase $30mn, now stand at $11.72bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $30 million on a weekly basis,...

Updated 16 Jan, 2025 10:11pm

Business & Finance

61bps drop in PIBs yield recorded

KARACHI: Margins on long-term government papers fell up to 61 basis points (bps) in the auction held on Wednesday....

Published 16 Jan, 2025 03:04am

Business & Finance

MCB’s Nauman Chughtai gets FPT clearance from State Bank

The State Bank of Pakistan (SBP) has cleared the Fit & Proper Test (FPT) for Muhammad Nauman Chughtai as...

Updated 15 Jan, 2025 10:51pm

Editorials

Rise in home remittances

EDITORIAL: Remittances have soared by 33 percent to 17.845 billion dollars within the first half of the current...

Published 14 Jan, 2025 03:12am

SBP affirms commitment to increasing financial inclusion

KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad reaffirmed the central bank’s dedication to increasing...

Updated 14 Jan, 2025 02:57pm

Business & Finance

Here is the full text of the National Financial Inclusion Strategy (NFIS) 2024-28 launched by SBP

The State Bank of Pakistan (SBP) launched the third National Financial Inclusion Strategy (NFIS) 2024-28 on Monday,...

Published 13 Jan, 2025 09:52pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 24	278.80
USD PKR Interbank Buying / Jan 24	278.60
USD to Japanese Yen / Jan 24	155.40
USD to Swiss Franc / Jan 24	0.90
Pound Sterling to USD / Jan 24	1.24
Euro to USD / Jan 24	1.05

Stock	Volume
S&P 500 / Jan 23	6,118.71
Nasdaq / Jan 23	20,053.68
Dow Jones / Jan 23	44,565.07
India Sensex / Jan 24	76,784.63
Tokyo Nikkei / Jan 24	39,931.98
Hang Seng / Jan 24	20,060.52
FTSE 100 / Jan 24	8,559.56
Germany DAX 30 / Jan 24	21,482.67

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 23	18,485
Gold 10 Grams PKR / Jan 23	245,799
Crude Oil USD/Barrel / Jan 24	74.61
Gold Spot USD/Ounce / Jan 24	2,774.04
Cotton US¢/pound / Jan 24	67.94
Petrol/Litre / Jan 25	256.13

Gainers
Losers
Leaders

Stock	Price
Escorts Bank / Jan 24 Escorts Investment Bank Limited(ESBL)	6.79 ▲ 1.00 (17.27%)
Khalid Siraj / Jan 24 Khalid Siraj Textile Mills Limited(KSTM)	9.05 ▲ 0.95 (11.73%)
Agritech Limited / Jan 24 Agritech Limited(AGL)	52.46 ▲ 4.77 (10.00%)
Loads Limited / Jan 24 Loads Limited(LOADS)	18.92 ▲ 1.72 (10.00%)
Sardar Chemical / Jan 24 Sardar Chemical Industries Limited(SARC)	35.75 ▲ 3.25 (10.00%)
Leather Up Ltd. / Jan 24 Leather Up Limited(LEUL)	33.36 ▲ 3.03 (9.99%)
Shezan Inter. / Jan 24 Shezan International Limited(SHEZ)	148.17 ▲ 13.46 (9.99%)
Saritow Spinning / Jan 24 Saritow Spinning Mills Limited(SSML)	11.13 ▲ 1.01 (9.98%)
Ellcot Spinning / Jan 24 Ellcot Spinning Mills Limited(ELSM)	113.60 ▲ 10.30 (9.97%)

Stock	Price
Mandviwala / Jan 24 Mandviwala Mauser Plastic Industries(MWMP)	19.13 ▼ -2.12 (-9.98%)
Gulistan Sp. / Jan 24 Gulistan Spinning Mills Limited(GUSM)	9.84 ▼ -1.09 (-9.97%)
Zahid Jee Textile / Jan 24 Zahidjee Textile Mills Limited(ZAHID)	27.24 ▼ -2.97 (-9.83%)
Crescent Cotton / Jan 24 Crescent Cotton Mills Limited(CCM)	48.50 ▼ -5.02 (-9.38%)
Ashfaq Textile / Jan 24 Ashfaq Textile Mills Limited(ASHT)	14.15 ▼ -1.35 (-8.71%)
Dawood Lawrencepur / Jan 24 Dawood Lawrencepur Limited(DLL)	302.50 ▼ -19.20 (-5.97%)
Elahi Cot. / Jan 24 Elahi Cotton Mills Limited(ELCM)	105 ▼ -6.00 (-5.41%)
Hussain Industries / Jan 24 Husein Industries Limited(HUSI)	28.01 ▼ -1.41 (-4.79%)
The Thal Ind.Corp. / Jan 24 The Thal Industries Corporation Limited(TICL)	295.01 ▼ -13.99 (-4.53%)

Stock	Volume
Cnergyico PK / Jan 24 Cnergyico PK Limited(CNERGY)	143,693,542 ▼ -0.10
WorldCall Telecom / Jan 24 Worldcall Telecom Limited(WTL)	78,194,783 ▼ -0.01
Sui South Gas / Jan 24 Sui Southern Gas Company Limited(SSGC)	57,202,439 ▲ 3.90
Fauji Cement / Jan 24 Fauji Cement Company Limited(FCCL)	47,170,217 ▼ -0.65
Lotte Chemical / Jan 24 Lotte Chemical Pakistan Limited(LOTCHEM)	35,630,848 ▼ -0.46
Citi Pharma Ltd / Jan 24 Citi Pharma Ltd.(CPHL)	32,528,835 ▼ -2.50
The Searle Co. / Jan 24 The Searle Company Limited(SEARL)	26,563,258 ▲ 5.41
Maple Leaf Cement / Jan 24 Maple Leaf Cement Factory Limited(MLCF)	26,433,374 ▼ -0.94
Fauji Foods Ltd / Jan 24 Fauji Foods Limited(FFL)	22,111,604 ▼ -0.06

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Budget 2024-25: income tax calculator for FY25

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