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State Bank

Rising NPLs?

“Private sector credit declines by 39.7 percent”, read the headline in this newspaper yesterday. The headline,...

Published 31 May, 2024 09:20am

Markets

‘B’ Category: Authorisation of 5 forex cos suspended

KARACHI: The State Bank of Pakistan (SBP) on Wednesday suspended the authorization of five Exchange Companies of ‘B’...

Updated 12 Oct, 2023 09:58am

Pakistan

SBP, ECP submit reports on release of election fund in Supreme Court

Central bank allocates funds for polls but has sought the finance ministry’s nod to release the amount

Published 18 Apr, 2023 05:42pm

Business & Finance

Next MPC meeting so far scheduled on March 16, says SBP

SBP chief spokesperson's statement comes amid widespread speculation the central bank is likely to increase interest rate in off-cycle review

Published 23 Feb, 2023 08:38pm

Perspectives

Economic chaos in Pakistan: outlook is gloomy

Pakistan is in the news but for all the wrong reasons. The events unfolding in the country are by no means unique...

Published 18 Jan, 2023 05:10pm

BR Research

Direct carrier billing (DCB): do better!

When it comes to clamping down on foreign exchange transactions, it seems the Naya (read: independent) State Bank,...

Published 30 Nov, 2022 08:50am

Business & Finance

Roshan Digital Account: Inflows clock in $5.14bn in 25 months

Month-on-month RDA inflows are down 10%

Updated 06 Oct, 2022 11:14pm

Pakistan

ECP seeks Imran Khan’s bank accounts details from SBP

Electoral watchdog expected to announce the reserved verdict in the case after reviewing PTI chairman's accounts

Published 05 Oct, 2022 07:24pm

Business & Finance

Remittance inflow declines 8.6% month-on-month in July, stands at $2.52bn

SBP attributes decline to fewer working days

Updated 16 Aug, 2022 09:11pm

Pakistan

'Far from a soft landing': expert says joblessness, business defaults to rise after rate-hike

The central bank's decision to increase the key interest rate could trigger unemployment and decrease business...

Published 08 Jul, 2022 05:06pm

Business & Finance

SBP says Cash Reserve Requirement does not apply on housing, construction finance targets

The State Bank of Pakistan (SBP) on Tuesday has said that the Cash Reserve Requirement (CRR) for banks will not be...

Published 14 Jun, 2022 03:52pm

Business & Finance

SBP raises key interest rate by 150 basis points, takes it to 13.75%

This is the highest interest-rate level in 11 years
SBP says external pressures remain elevated and inflation outlook has deteriorated due to both home-grown and international factors

Updated 23 May, 2022 09:48pm

Markets

Repayment of syndicated loan facility from China: SBP reserves fall massive $2.915 billion

SBP says rollover of this syndicated facility is being processed and expected shortly

Published 31 Mar, 2022 07:50pm

Business & Finance

Roshan Digital Account: cumulative inflows reach $3.38 billion

Inflow in January registers 9% decrease month-on-month

Updated 07 Feb, 2022 12:15pm

Pakistan

Ahead of IMF's 6th review, Senate approves SBP (Amendment) Bill, 2021

Finance Minister Shaukat Tarin tabled the bill, which was approved by a margin of one vote
The bill was a key condition for revival of the IMF programme

Updated 28 Jan, 2022 02:24pm

Business & Finance

Mera Pakistan Mera Ghar: Banks approve over Rs117bn for MPMG

Loan approval and disbursement for the government’s flagship markup subsidy scheme, commonly known as Mera ...

Published 06 Jan, 2022 07:04pm

Pakistan

SBP's independence in Pakistan's interest: Fawad

Information minister says financial stability is returning to the country

Updated 02 Jan, 2022 02:37pm

Markets

Pakistan Rupee sees one of its worst years in 2021

Currency has lost a cumulative 38% in the last 4 years

Published 01 Jan, 2022 09:00pm

Business & Finance

SBP directs banks, regulated entities to digitise corporate payments

In order to monitor the progress, the SBP has advised banks to submit a roadmap of implementing these measures within 30 days

Published 15 Oct, 2021 04:25pm

Pakistan

Inflows in govt's Roshan Digital Accounts cross $1.5 billion: PM

Says it is good news for SBP as the scheme achieves more milestones
Imran says the accounts and deposits have set new records since the $1-billion event two months ago

Updated 27 Jun, 2021 08:49pm

Business & Finance

SBP introduces Master Circular on eCIB

Measure taken to facilitate meticulous compliance, and help make informed/timely lending decisions

Published 22 Jun, 2021 04:15pm

Pakistan

Over seven million in Pakistan will benefit from Ehsaas Kafalat Program, says Sania Nishtar

“Opening biometric ATMs and bank branches for the Ehsaas beneficiaries would be a major feature of the new Ehsaas digital payment system”, she said while talking to a private news channel.

Published 14 May, 2021 04:24pm

Business & Finance

Banks disburse Rs 12bn under Prime Minister's Housing Program

Minister for Information and Broadcasting Chaudhary Fawad Hussain has said that under the Prime Minister's Housing Program, banks have received applications for loans worth Rs 52 billion.
The Information Minister said the journey that was started towards making Naya Pakistan is now picking up momentum.

Updated 06 May, 2021 02:56pm

Pakistan

10-member inter-ministerial body to improve logistics chain

ISLAMABAD: The Cabinet has constituted a 10-member inter-ministerial committee to rationalize processes and develop...

Published 21 Apr, 2021 03:21am

Business & Finance

Pakistan's Remittances hit above $2bn mark for 10 straight months

Cumulatively during July-Mar FY 21, remittances have risen to $21.5 billion, up by 26 percent over the same period of FY20.

Updated 12 Apr, 2021 12:07pm

Pakistan

PM directs State Bank, National Bank to facilitate housing loan applicants

The prime minister joined the telethon telephonically for being in quarantine after testing positive for COVID-19 a week ago.

Published 28 Mar, 2021 08:37pm

Business & Finance

SBP to announce MPS today

Later on, the SBP will issue the MPS to announce the decision of the committee for key policy rate.

Updated 19 Mar, 2021 12:03pm

Business & Finance

SBP to announce Monetary Policy on Friday

Later on, SBP will issue the Monetary Policy Statement on the same day.

Published 16 Mar, 2021 01:23pm

Business & Finance

SBP instructs FIs to improve Data Reporting in eCIB

Under the instructions, the member FIs should develop well documented Standard Operating Procedures (SOPs) for the eCIB data feeding, compilation, validation, and its reporting.

Published 18 Feb, 2021 04:06pm

Business & Finance

Enforcement Action: State Bank imposes over Rs 59mn penalties on one bank

SBP stated that these actions are based on deficiencies in the compliance of regulatory instructions and do not constitute a comment on the financial soundness of the entity.

Published 27 Jan, 2021 12:29pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	153.56
USD to Swiss Franc / Dec 17	0.89
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
India Sensex / Dec 17	80,684.45
Tokyo Nikkei / Dec 17	39,164.26
Nasdaq / Dec 17	20,109.06
Hang Seng / Dec 17	19,815.30
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37

Item	Value
Crude Oil USD/Barrel / Dec 17	70.11
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Gold Spot USD/Ounce / Dec 17	2,644.07
Cotton US¢/pound / Dec 17	68.53
Petrol/Litre / Dec 18	252.10

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	7.94 ▲ 0.83 (11.67%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.50 ▲ 0.45 (11.11%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Nimir Resins / Dec 18 Nimir Resins Limited(NRSL)	35.16 ▲ 3.20 (10.01%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Diamond Ind. / Dec 18 Diamond Industries Limited(DIIL)	20.90 ▲ 1.90 (10.00%)
Pak Datacom / Dec 18 Pak Datacom Limited(PAKD)	103.94 ▲ 9.45 (10.00%)

Stock	Price
Equity Modaraba / Dec 18 First Equity Modaraba(FEM)	3.01 ▼ -0.43 (-12.50%)
Dewan Textile / Dec 18 Dewan Textile Mills Limited(DWTM)	5.67 ▼ -0.77 (-11.96%)
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
Din Tex. / Dec 18 Din Textile Mills Limited(DINT)	45.90 ▼ -5.10 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Calcorp Ltd / Dec 18 Calcorp Limited(CASH)	26.22 ▼ -2.91 (-9.99%)
Sanghar Sugar / Dec 18 Sanghar Sugar Mills Limited(SANSM)	29.20 ▼ -3.15 (-9.74%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.10
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.20
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.28
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▲ 0.06
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -0.06
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.78
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.15
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▼ -2.18
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▼ -0.09

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