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banking

Never mind ADR loans, private credit is back with a bang

Published 24 Dec, 2024 08:47am

That’s right. Over the past three months – Aug to Nov ‘24 – credit to private sector businesses has increased by...

Pakistan Banking Awards: SBP governor appreciates role of FIs

Updated 30 Nov, 2024 02:35pm

KARACHI: The ninth edition of Pakistan Banking Awards 2024 was held on Friday evening with Governor State Bank of...

Modernization: Meezan Bank partners with Systems and Temenos

Published 29 Nov, 2024 07:03am

KARACHI: Meezan Bank has partnered with Systems Limited and Temenos to modernize its core banking platform. The...

Banking malpractice: penalising depositors and undermining economic growth

Published 27 Nov, 2024 07:13am

The recent decision by several banks in Pakistan to levy fees on high-value deposits has sparked nationwide debate...

Shareholders inject $10m equity investment into TMB

Published 19 Nov, 2024 06:34am

KARACHI: Telenor Microfinance Bank (TMB) has received $10 million in equity investment from its shareholders, ...

MCB banks on high CASA

Published 28 Oct, 2024 08:51am

MCB Bank Limited (MCB), true to its reputation and much to the shareholders’ delight, announced another interim...

Banking on missteps: latest tax policy will distort financial system

Updated 28 Oct, 2024 08:35am

One of the more short-sighted fiscal measures recently introduced is the higher tax on banking income from ...

Innovation in banking drives economic growth: SBP governor

Published 03 Oct, 2024 06:31am

KARACHI: Governor of the State Bank of Pakistan, Jameel Ahmad, has said that innovation in banking is the future and...

Meezan Bank & Mastercard renew strategic partnership to enhance offerings for customers across country

Published 06 Sep, 2024 07:04am

KARACHI: Meezan Bank has announced the renewal of strategic partnership with Mastercard to enhance bank’s debit...

Commerce Plex, Faysal Bank partner to revolutionise remittances

Published 25 Jul, 2024 06:24am

KARACHI: Commerce Plex, a wholly owned and fully licensed subsidiary of Simpaisa Holdings, is collaborating with...

US allows Cuban entrepreneurs conditional banking access

Published 30 May, 2024 06:19am

WASHINGTON: Private sector entrepreneurs in Cuba will be able to establish US bank accounts which they can remotely...

Global Basel Committee bolsters rules for supervising banks

Published 29 Apr, 2024 04:49am

LONDON: The world’s forum for banking regulators on Thursday tightened up its rulebook to focus better on spotting...

Banking, E&P sectors lead rally

Published 26 Mar, 2024 04:20am

KARACHI: Pakistan Stock Exchange on Monday witnessed a bullish trend and closed on strong positive note with healthy...

‘Large and long’?

Published 14 Mar, 2024 03:00am

Not much of what new finance minister, Muhammad Aurangzeb, said in his first official media interaction was new –...

Moody’s changes outlook on banking to stable from negative

Updated 08 Mar, 2024 09:45am

ISLAMABAD: Moody’s Investors Services (Moody’s) has changed its outlook on the banking sector of Pakistan (Caa3...

Citi announces head of banking and executive vice chair of bank

Published 02 Mar, 2024 04:16am

KARACHI: Citi on Thursday announced that Viswas (“Vis”) Raghavan will join Citi as Head of Banking and Executive...

Raqami partners with Codebase Technologies on digital banking

Published 19 Jan, 2024 05:37am

KARACHI: Raqami Islamic Digital Bank has entered into an exclusive agreement with Codebase Technologies to procure...

AI - the bank of tomorrow

Updated 03 Jan, 2024 05:58am

It is 2030. Imagine walking down I.I. Chundrigar Road Karachi. Imagine what will you see? Imagine if banking becomes...

Karandaaz issues ‘white paper’ on advantages, prospects of ‘open banking’

Updated 06 Dec, 2023 04:23pm

ISLAMABAD: Open banking in Pakistan has enabled consumers to manage and track their financial data and empowers them...

Recovery proceedings: Some borrowers denying cost of funds through settlements

Published 11 Oct, 2023 03:10am

LAHORE: Some borrowers are found denying cost of funds by entering into settlements with banks during the pendency ...

The mystery of cash in circulation decline

Updated 09 Oct, 2023 01:20pm

Cash in circulation (CiC), a ratio to broad money -M2, in Pakistan is amongst one of the highest in the world, for...

Income tax law: FBR proposes new definition of word ‘banking’

Updated 14 Aug, 2023 05:32pm

Proposed draft amendments in the Income Tax Ordinance, 2001 issued for simplification and harmonization through the next Finance Bill, 2024

Banking’s most eligible borrower?

Published 15 Jun, 2023 08:42am

If you had three guesses to answer that question, your answer would probably be government, power, and textile...

Decline in workers’ remittances

Published 16 May, 2023 03:23am

EDITORIAL: Remittance inward flows declined to 22.74 billion dollars July-April 2023 against 26.14 billion dollars ...

BAJK president visits retail banking division

Published 30 Dec, 2022 05:50am

MUZAFFARABAD: President and Chief Executive Officer of Bank of Azad Jammu and Kashmir Khawar Saeed, visited various...

Big banks grow steadily

Published 15 Nov, 2022 08:58am

The 9MCY22 banking earning season has been a stellar one for the big 5 banks, on pretax profit grounds. The big five...

Banking crisis breakthroughs win Nobel economics prize for Bernanke, Diamond, Dybvig

Published 10 Oct, 2022 09:07pm

STOCKHOLM: A trio of U.S. economists including former Federal Reserve Chair Ben Bernanke won this year's Nobel...

Pakistan’s fintech OneLoad secures $11mn in funding: Systems Limited

Updated 01 Aug, 2022 05:03pm

Will utilise funding for business expansion, launching multiple new products and expanding services in the unbanked Pakistani market, says PSX notice

SBP says banks/MFBs to keep selected branches open on Friday

Published 07 Jul, 2022 02:36pm

The State Bank of Pakistan (SBP) on Thursday said that banks and microfinance banks (MFBs) will arrange to keep open...

'Corporate layoffs a possibility now': Experts react to govt's imposition of 'super tax'

Updated 24 Jun, 2022 07:45pm

In a major development, the government on Friday imposed an extra one-time 10% tax called the super-tax on the...

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 17	278.16
USD PKR Interbank Buying / Jul 17	277.96
USD to Japanese Yen / Jul 17	162.40
USD to Swiss Franc / Jul 17	0.81
Pound Sterling to USD / Jul 17	1.35
Euro to USD / Jul 17	1.14
SOFR % / Jul 17	3.60

Stock	Volume
S&P 500 / Jul 17	7,457.69
India Sensex / Jul 17	78,151.45
Tokyo Nikkei / Jul 17	64,141.12
Nasdaq / Jul 17	25,520.24
Hang Seng / Jul 17	24,562.24
FTSE 100 / Jul 17	10,600.37
Dow Jones / Jul 17	52,146.42
Germany DAX 30 / Jul 17	24,830.98
France CAC40 / Jul 17	8,338.81

Item	Value
Crude Oil USD/Barrel / Jul 17	82.49
Karachi Cotton PKR/37.32 KG / Jul 17	18,780
Gold 10 Grams PKR / Jul 17	361,656
Gold Spot USD/Ounce / Jul 17	4,017.39
Cotton US¢/pound / Jul 17	78.63
Petrol/Litre / Jul 19	316.15
Diesel/Litre / Jul 19	354.35

Gainers
Losers
Leaders

Stock	Price
Dadabhoy Cement / Jul 17 Dadabhoy Cement Industries Limited(DBCI)	17.01 ▲ 1.55 (10.03%)
Ruby Textile / Jul 17 Ruby Textile Mills Limited(RUBY)	17.59 ▲ 1.6 (10.01%)
Crescent Cotton / Jul 17 Crescent Cotton Mills Limited(CCM)	53.68 ▲ 4.88 (10%)
National Silk / Jul 17 The National Silk & Rayon Mills Limited(NSRM)	272.21 ▲ 24.75 (10%)
Suhail Jute / Jul 17 Suhail Jute Mills Limited(SUHJ)	223.96 ▲ 20.36 (10%)
Baba Farid Sugar / Jul 17 Baba Farid Sugar Mills Limited(BAFS)	418.56 ▲ 38.05 (10%)
Shadman Cotton / Jul 17 Shadman Cotton Mills Limited(SHCM)	50.61 ▲ 4.6 (10%)
Asia Ins. / Jul 17 Asia Insurance Company Limited(ASIC)	34.45 ▲ 3.13 (9.99%)
Olympia Mills / Jul 17 Olympia Mills Limited(OML)	107.58 ▲ 9.65 (9.85%)
TPL Trakker Ltd / Jul 17 TPL Trakker Limited(TPLT)	27.91 ▲ 2.5 (9.84%)

Stock	Price
Tariq Corp. (R) / Jul 17 Tariq Corporation Limited(Right)(TCORPR2)	2.70 ▼ -0.89 (-24.79%)
First Punjab Modaraba / Jul 17 First Punjab Modaraba(FPJM)	11.04 ▼ -1.23 (-10.02%)
Khairpur Sug. / Jul 17 Khairpur Sugar Mills Limited(KPUS)	1,871.47 ▼ -207.94 (-10%)
Service Textile / Jul 17 Service Industries Textiles Limited(SERT)	62.27 ▼ -6.92 (-10%)
S.G.Power / Jul 17 S.G. Power Limited(SGPL)	97.59 ▼ -10.84 (-10%)
Mughal Iron & Steel(C) / Jul 17 Mughal Iron & Steel Industries Ltd (C)(MUGHALC)	63 ▼ -6.99 (-9.99%)
Fateh Sports / Jul 17 Fateh Sports Wear Limited(FSWL)	150.29 ▼ -16.65 (-9.97%)
Paramount Spinning / Jul 17 Paramount Spinning Mills Limited(PASM)	10.91 ▼ -1.1 (-9.16%)
Power Cem(Pref) / Jul 17 Power Cement (Pref)(POWERPS)	23.62 ▼ -2.36 (-9.08%)
Supernet Tech. / Jul 17 Supernet Technologies Limited(STL)	41.34 ▼ -3.72 (-8.26%)

Stock	Volume
Cnergyico PK / Jul 17 Cnergyico PK Limited(CNERGY)	86,491,992 ▲ 0.19
TPL Properties / Jul 17 TPL Properties Limited(TPLP)	62,545,194 ▼ -0.67
Pak Refinery / Jul 17 Pakistan Refinery Limited(PRL)	38,580,070 ▲ 2.94
WorldCall Telecom / Jul 17 Worldcall Telecom Limited(WTL)	23,499,606 ▼ -0.04
K-Electric Ltd. / Jul 17 K-Electric Limited(KEL)	18,396,866 ▼ -0.24
Lotte Chemical / Jul 17 Lotte Chemical Pakistan Limited(LOTCHEM)	17,830,259 ▼ -1.32
Hascol Petrol / Jul 17 Hascol Petroleum Limited(HASCOL)	14,534,208 ▼ -0.33
B.O.Punjab / Jul 17 The Bank of Punjab(BOP)	12,503,494 ▼ -0.51
TPL REIT Fund I / Jul 17 TPL REIT Fund I(TPLRF1)	11,458,248 ▼ -0.29
PIA Holding Co.Ltd / Jul 17 PIA Holding Company Limited(PIAHCLA)	10,427,355 ▲ 0.51

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