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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...

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BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 29	277.32
USD PKR Interbank Buying / Sep 29	277.12
USD to Japanese Yen / Sep 30	157.03
USD to Swiss Franc / Sep 30	0.83
Pound Sterling to USD / Sep 30	1.32
Euro to USD / Sep 30	1.13
SOFR % / Sep 28	3.90

Stock	Volume
S&P 500 / Sep 29	7,670.84
Nasdaq / Sep 29	26,797.54
Dow Jones / Sep 29	51,349.92
India Sensex / Sep 30	72,729.39
Tokyo Nikkei / Sep 30	66,728.56
Hang Seng / Sep 30	24,534.37
FTSE 100 / Sep 30	10,714.17
Germany DAX 30 / Sep 30	25,546.29
France CAC40 / Sep 30	8,055.71

Item	Value
Karachi Cotton PKR/37.32 KG / Sep 29	18,780
Gold 10 Grams PKR / Sep 29	374,945
Crude Oil USD/Barrel / Sep 30	89.69
Gold Spot USD/Ounce / Sep 30	4,309.98
Cotton US¢/pound / Sep 30	79.18
Petrol/Litre / Oct 1	387.54
Diesel/Litre / Oct 1	402.24

Gainers
Losers
Leaders

Stock	Price
Colony Tex.Mills Ltd / Sep 30 Colony Textile Mills Limited(CTM)	7.26 ▲ 1 (15.97%)
Kohinoor Spinning / Sep 30 Kohinoor Spinning Mills Limited(KOSM)	5.73 ▲ 0.77 (15.52%)
Lse Spac-I Ltd. / Sep 30 Lse Spac-I Limited(SPAC1)	20.41 ▲ 1.86 (10.03%)
Tri-Star Mutual / Sep 30 Tri-Star Mutual Fund Limited(TSMF)	16.57 ▲ 1.51 (10.03%)
Sindh Modaraba / Sep 30 Sindh Modaraba(SINDM)	33.28 ▲ 3.03 (10.02%)
Ghazi Fabrics / Sep 30 Ghazi Fabrics International Limited(GFIL)	26.38 ▲ 2.4 (10.01%)
Asim Textile / Sep 30 Asim Textile Mills Limited(ASTM)	113.96 ▲ 10.36 (10%)
Dadex Eternit / Sep 30 Dadex Eternit Limited(DADX)	150.32 ▲ 13.67 (10%)
First Punjab Modaraba / Sep 30 First Punjab Modaraba(FPJM)	29.04 ▲ 2.64 (10%)
Oilboy Energy / Sep 30 Oilboy Energy Limited(OBOY)	18.59 ▲ 1.69 (10%)

Stock	Price
Ashfaq Textile / Sep 30 Ashfaq Textile Mills Limited(ASHT)	50.57 ▼ -5.62 (-10%)
Ghani Chemworld Limited(PRS) / Sep 30 Ghani Chemworld Limited(PRS)(GCWLPRS)	118.83 ▼ -13.16 (-9.97%)
Burj Clean Energy Modaraba / Sep 30 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	11.25 ▼ -1.15 (-9.27%)
The Thal Ind.Corp. / Sep 30 The Thal Industries Corporation Limited(TICL)	918.13 ▼ -92.07 (-9.11%)
Pakistan Services / Sep 30 Pakistan Services Limited(PSEL)	1,019.63 ▼ -99.15 (-8.86%)
Mandviwala / Sep 30 Mandviwala Mauser Plastic Industries(MWMP)	77.07 ▼ -7.14 (-8.48%)
S.G.Power / Sep 30 S.G. Power Limited(SGPL)	23.41 ▼ -1.84 (-7.29%)
D.M. Corporation / Sep 30 D.M. Corporation Limited(DMC)	165.33 ▼ -11.63 (-6.57%)
Cordoba Logistics / Sep 30 Cordoba Logistics & Ventures Limited(CLVL)	28.32 ▼ -1.94 (-6.41%)
EMCO Industries / Sep 30 Emco Industries Limited(EMCO)	32.10 ▼ -1.93 (-5.67%)

Stock	Volume
Pak Int.Bulk / Sep 30 Pakistan International Bulk Terminal(PIBTL)	73,446,994 ▲ 0.11
Kohinoor Spinning / Sep 30 Kohinoor Spinning Mills Limited(KOSM)	58,387,095 ▲ 0.77
Tasdeeq Info. Serv. / Sep 30 Tasdeeq Information Services Limited(TISL)	50,882,891 ▼ -0.09
Cnergyico PK / Sep 30 Cnergyico PK Limited(CNERGY)	28,308,841 ▲ 0.03
D.S. Ind. Ltd. / Sep 30 D.S. Industries Limited(DSIL)	21,823,804 ▲ 1.27
Arif Habib Corp / Sep 30 Arif Habib Corporation Limited(AHCL)	17,873,579 ▲ 0.1
Pak Refinery / Sep 30 Pakistan Refinery Limited(PRL)	17,817,038 ▲ 0.45
WorldCall Telecom / Sep 30 Worldcall Telecom Limited(WTL)	17,431,935 ▼ -0.01
S.G.Power / Sep 30 S.G. Power Limited(SGPL)	16,575,953 ▼ -1.84
F. Nat.Equities / Sep 30 First National Equities Limited(FNEL)	14,238,200 ▲ 0

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