Interest Rates

Inflation could break further records, clock in above 34%: report

JS Global says higher gas and cigarette prices are among key drivers of inflation

Updated 20 Mar, 2023 03:21pm

Business & Economy

Further hike in policy rate on the cards as inflation runs deep in Pakistan

Brokerage house AHL says it expects an increase of 100bps in upcoming meeting on April 4

Updated 18 Mar, 2023 03:29pm

USA

Hawkish Powell puts 50 bp Fed rate hikes back on table

NEW YORK: The Federal Reserve will likely need to raise interest rates more than expected in response to recent...

Published 07 Mar, 2023 08:38pm

SBP raises key interest rate by 300bps, takes it to 20%

Monetary Policy Committee expects inflation to rise further in the next few months
Also moves next MPC meeting to April 4 from April 27

Updated 02 Mar, 2023 09:20pm

Business & Economy

Hikes in interest rate appear to be redundant: business community

In letter to SBP governor, FPCCI questions policy rate efficacy in curbing inflation

Updated 01 Mar, 2023 06:50pm

Business & Economy

Pakistan ‘desperately needs debt restructuring’: Dr Murtaza Syed

Former SBP deputy governor says situation is really bad, Pakistan caught in the crosshairs of a perfect storm

Updated 28 Feb, 2023 05:57pm

Interest Rates

MPC meeting on March 2: market expects 200bps hike in key policy rate

In a widely expected move, the State Bank of Pakistan (SBP) on Tuesday morning announced that its Monetary Policy...

Updated 28 Feb, 2023 04:59pm

Interest Rates

MPC meeting preponed, will now be held on March 2, says SBP

Multiple and unexpected developments on the economic front have forced the SBP to call the Monetary Policy Committee meeting earlier than scheduled

Updated 28 Feb, 2023 04:46pm

Interest Rates

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

Interest Rates

'Almost all' Fed officials backed quarter-percentage-point hike at last meeting, minutes show

WASHINGTON: A solid majority of Federal Reserve officials agreed at their last policy meeting to slow the pace of...

Published 23 Feb, 2023 12:40am

Interest Rates

Possible Fed could raise rates beyond December forecast: Powell

NEW YORK: Federal Reserve Chairman Jerome Powell said on Wednesday he is not fully sure where the central bank will...

Published 02 Feb, 2023 04:51am

'Higher than expectations': Pakistan's headline inflation clocks in at 27.6% in January

This is the highest inflation reading since 27.8% recorded in May 1975, says analyst
CPI inflation in rural areas increased to 32.3% on year-on-year basis in January 2023

Updated 01 Feb, 2023 04:25pm

Business & Economy

SBP says it recognises cost of monetary tightening, but curbing inflation essential

The State Bank of Pakistan (SBP) says that it recognises the short-term cost of monetary tightening on economic...

Published 30 Jan, 2023 07:50pm

Dollar released from Dar(kness): Pakistan moves to convince IMF

As the PKR endured its worst day in over two decades (in terms of percentage loss), many say this is a step towards reviving the stalled bailout programme

Updated 26 Jan, 2023 10:03pm

Interest Rates

Interest rates need to rise at 'steady pace': ECB chief

ESCHBORN: European Central Bank chief Christine Lagarde said Monday that interest rates need to continue rising at a...

Published 24 Jan, 2023 01:29am

Interest Rates

SBP extends one-time facilitation to importers

Advises banks to provide one-time facilitation to all those importers who can either extend their payment terms to 180 days (or beyond) or arrange funds from abroad to settle their pending import payments

Updated 23 Jan, 2023 05:57pm

SBP raises key interest rate by 100bps, takes it to 17% — a 25-year high

Governor SBP Jameel Ahmad announces decision at press briefing following the meeting

Updated 23 Jan, 2023 10:04pm

US Fed official favors smaller rate hike in February

WASHINGTON: There is ample evidence that a steep climb in interest rates has dampened demand and economic activity,...

Published 20 Jan, 2023 11:45pm

Interest Rates

Monetary Policy Committee: SBP set to announce key interest rate on Monday

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will meet on Monday, January 23, 2023 to...

Published 20 Jan, 2023 03:07pm

Interest Rates

Monetary policy: experts expect 100bps hike in policy rate

SBP's monetary policy committee is scheduled to meet on January 23 (Monday)

Published 16 Jan, 2023 03:00pm

Fed wants 'flexibility' on rates as inflation remains key focus, minutes show

WASHINGTON: All officials at the Federal Reserve's Dec. 13-14 policy meeting agreed the U.S. central bank should ...

Published 05 Jan, 2023 12:55am

Interest Rates

Markup rates increased: SBP notifies hike from 11% to 13% under EFS and LTFF schemes

SBP says gap between policy rate and Export Finance Scheme/Long Term Financing Facility rates reduced from existing 5% to 3%

Published 29 Dec, 2022 07:27pm

Interest Rates

Interest rate in 2022: climbing the hill as Pakistan's macroeconomic concerns bite

Policy rate rose from 9.75% in January to a multi-decade high of 16% in November

Updated 29 Dec, 2022 12:02am

Monetary Policy Committee: SBP issues advance calendar for meetings in January-June 2023

Central bank schedules 4 meetings of Monetary Policy Committees during six-month period

Published 26 Dec, 2022 05:39pm

Fed lifts rates by half percentage point, sees economy nearing stall speed

The Fed's policy rate, which began the year at the near-zero level, is now in a target range of 4.25% to 4.50%, the highest since late 2007

Published 15 Dec, 2022 12:22am

Business & Economy

End of FY23: JPMorgan has penciled in another 400bps rate-hike, but experts disagree

Market experts disagreed with JPMorgan, a leading global financial institution that penciled in an interest rate...

Published 10 Dec, 2022 04:45pm

Interest Rates

BoE's Dhingra warns of deeper and longer recession with higher rates

LONDON: Bank of England rate-setter Swati Dhingra said in an interview published on Saturday that higher interest...

Published 03 Dec, 2022 11:21pm

Interest Rates

US rate hikes could slow 'as soon as' December: Fed chair

WASHINGTON: The Federal Reserve could ease its pace of interest rate hikes "as soon as" December, chair Jerome...

Published 01 Dec, 2022 12:43am

Interest Rates

Fed could cut interest rates in 2024, Williams says

NEW YORK: New York Federal Reserve President John Williams on Monday declined to say how fast and how far he ...

Published 28 Nov, 2022 11:41pm

Interest Rates

6-month KIBOR hits all-time high after SBP's rate-hike

The six-month Karachi Inter-bank Offered Rate (KIBOR), an equilibrium interest rate for a given tenor at which banks...

Published 28 Nov, 2022 11:21pm

Gainers
Losers
Leaders

Stock	Price
Trust Mod. / Mar 22 Trust Modaraba(TRSM)	1.70 ▲ 0.48 (39.34%)
Pervez Ahmed Co / Mar 22 Pervez Ahmed Consultancy Services Ltd.(PASL)	0.79 ▲ 0.09 (12.86%)
Punjab Mod / Mar 22 First Punjab Modaraba(FPJM)	1.55 ▲ 0.14 (9.93%)
Towellers Ltd. / Mar 22 Towellers Limited(TOWL)	219.34 ▲ 15.29 (7.49%)
Noon Sugar / Mar 22 Noon Sugar Mills Limited(NONS)	54.80 ▲ 3.78 (7.41%)
Hinopak Motor / Mar 22 Hinopak Motors Limited(HINO)	219.45 ▲ 15.05 (7.36%)
Data Textile / Mar 22 Data Textiles Limited(DATM)	3.66 ▲ 0.22 (6.40%)
D.S. Ind. Ltd. / Mar 22 D.S. Industries Limited(DSIL)	2.37 ▲ 0.11 (4.87%)
Dewan Farooque Sp. / Mar 22 Dewan Farooque Spinning Mills Limited(DFSM)	3.05 ▲ 0.13 (4.45%)
Fauji Foods Ltd / Mar 22 Fauji Foods Limited(FFL)	6.20 ▲ 0.25 (4.20%)

Stock	Price
First Elite Cap.Mod / Mar 22 First Elite Capital Modaraba(FECM)	2.62 ▼ -0.54 (-17.09%)
Jubilee Spinning / Mar 22 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	2.90 ▼ -0.51 (-14.96%)
Kohinoor Power / Mar 22 Kohinoor Power Company Limited(KOHP)	3.62 ▼ -0.37 (-9.27%)
Escorts Bank / Mar 22 Escorts Investment Bank Limited(ESBL)	3.16 ▼ -0.32 (-9.20%)
Samba Bank / Mar 22 Samba Bank Limited(SBL)	7 ▼ -0.60 (-7.89%)
Bilal Fibres / Mar 22 Bilal Fibres Limited(BILF)	2.27 ▼ -0.19 (-7.72%)
Bunnys Limited / Mar 22 Bunnys Limited(BNL)	16.65 ▼ -1.35 (-7.50%)
Dawood Lawrencepur / Mar 22 Dawood Lawrencepur Limited(DLL)	201.17 ▼ -16.26 (-7.48%)
Quetta Textile / Mar 22 Quetta Textile Mills Limited(QUET)	15.75 ▼ -1.27 (-7.46%)
JS Global Cap. / Mar 22 JS Global Capital Limited(JSGCL)	300.10 ▼ -23.90 (-7.38%)

Stock	Volume
Fauji Cement / Mar 22 Fauji Cement Company Limited(FCCL)	15,532,500 ▲ 0.11
WorldCall Telecom / Mar 22 Worldcall Telecom Limited(WTL)	6,046,419 ▲ 0.01
Cnergyico PK / Mar 22 Cnergyico PK Limited(CNERGY)	4,848,036 ▼ -0.07
Unity Foods Ltd / Mar 22 Unity Foods Limited(UNITY)	4,691,640 ▼ -0.13
Pak Elektron / Mar 22 Pak Elektron Limited(PAEL)	4,522,500 ▼ -0.07
Hascol Petrol / Mar 22 Hascol Petroleum Limited(HASCOL)	4,470,500 ▼ -0.02
TPL Properties / Mar 22 TPL Properties Limited(TPLP)	4,391,678 ▼ -0.03
Ghani Glo Hol / Mar 22 Ghani Global Holdings Limited(GGL)	4,311,148 ▲ 0.20
Fauji Foods Ltd / Mar 22 Fauji Foods Limited(FFL)	4,273,685 ▲ 0.25
Loads Limited / Mar 22 Loads Limited(LOADS)	4,188,000 ▼ -0.15

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	283.70
USD PKR Interbank Buying / Mar 22	283.25
USD to Japanese Yen / Mar 22	132.42
USD to Swiss Franc / Mar 22	0.92
Pound Sterling to USD / Mar 22	1.22
Euro to USD / Mar 22	1.08
UK LIBOR % / Mar 21	4.56

Stock	Volume
S&P 500 / Mar 21	4002.87
Nasdaq / Mar 21	11860.11
FTSE 100 / Mar 21	7536.22
Dow Jones / Mar 21	32560.60
Germany DAX 30 / Mar 21	15195.34
France CAC40 / Mar 21	7112.91
India Sensex / Mar 22	58196.91
Tokyo Nikkei / Mar 22	27459.77
Hang Seng / Mar 22	19685.51

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 21	177726
Crude Oil USD/Barrel / Mar 22	69.01
Gold Spot USD/Ounce / Mar 22	1940.41
Cotton US¢/pound / Mar 22	77.98

Interest Rates

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