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banking

US allows Cuban entrepreneurs conditional banking access

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

Published 30 May, 2024 06:19am

Business & Finance

Global Basel Committee bolsters rules for supervising banks

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

Published 29 Apr, 2024 04:49am

Markets

Banking, E&P sectors lead rally

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

Published 26 Mar, 2024 04:20am

Opinion

‘Large and long’?

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

Published 14 Mar, 2024 03:00am

Moody’s changes outlook on banking to stable from negative

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

Updated 08 Mar, 2024 09:45am

Business & Finance

Citi announces head of banking and executive vice chair of bank

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

Published 02 Mar, 2024 04:16am

Business & Finance

Raqami partners with Codebase Technologies on digital banking

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

Published 19 Jan, 2024 05:37am

Opinion

AI - the bank of tomorrow

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

Updated 03 Jan, 2024 05:58am

Business & Finance

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

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

Updated 06 Dec, 2023 04:23pm

Pakistan

Recovery proceedings: Some borrowers denying cost of funds through settlements

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

Published 11 Oct, 2023 03:10am

BR Research

The mystery of cash in circulation decline

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

Updated 09 Oct, 2023 01:20pm

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

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

Updated 14 Aug, 2023 05:32pm

BR Research

Banking’s most eligible borrower?

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

Published 15 Jun, 2023 08:42am

Editorials

Decline in workers’ remittances

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

Published 16 May, 2023 03:23am

Business & Finance

BAJK president visits retail banking division

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

Published 30 Dec, 2022 05:50am

BR Research

Big banks grow steadily

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

Published 15 Nov, 2022 08:58am

World

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

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

Published 10 Oct, 2022 09:07pm

Technology

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

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

Updated 01 Aug, 2022 05:03pm

Business & Finance

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

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

Published 07 Jul, 2022 02:36pm

Pakistan

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

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

Updated 24 Jun, 2022 07:45pm

Business & Finance

NBP signs MoU with PTA

ISLAMABAD: Pakistan Telecommunication Authority (PTA) and National Bank of Pakistan have signed a Memorandum of...

Published 18 Jun, 2022 06:00am

Pakistan

Budget 2022-23: what do higher taxes mean for the banking sector?

Current levels at which banks are trading still make them attractive, says analyst

Published 10 Jun, 2022 09:40pm

Markets

Saudi, Egypt fall as markets reopen after weekend; Qatar edges up

DUBAI: Saudi Arabia’s stock market fell for a second consecutive session on Sunday, under pressure from lower...

Published 23 May, 2022 06:15am

Business & Finance

Surge in power sector capacity payments ‘haemorrhaging’ government finances: Tarin

Finance minister says government paid Rs850 billion this year alone for electricity which 'we don’t even use'

Updated 17 Mar, 2022 05:37pm

Business & Finance

SBP launches licensing and regulatory framework for digital banks

Minimum capital requirement for DRBs is set at Rs1.5 billion during the pilot phase that will gradually increase to Rs4 billion over a transition period of three years

Published 03 Jan, 2022 06:09pm

Nov banking spread inches down MoM

KARACHI: The provisional banking spread during November 2021 inched down by 3bps compared to October. Overall,...

Published 23 Dec, 2021 04:23am

BR Research

Interview with Naseer A. Akhtar, President & CEO, InfoTech Group

“Government’s IT spending should be at least $4-5 billion” Naseer A. Akhtar is the President and CEO of...

Published 15 Nov, 2021 07:25am

Business & Finance

Banking shares bolster most Gulf markets

DUBAI: Major stock markets in the Gulf ended higher on Sunday, largely driven by gains in financial companies and ...

Published 16 Aug, 2021 05:59am

UBL Switzerland AG: Shareholders approve voluntary winding up

KARACHI: An extraordinary general meeting of shareholders of the United Bank Limited on Friday approved the ...

Published 07 Aug, 2021 02:10am

Business & Finance

Jan-June 2021: Banking Mohtasib disposes of 14,910 complaints

KARACHI: The Banking Mohtasib Pakistan has provided monetary relief of Rs 305.5 million to the banking customers by...

Published 14 Jul, 2021 03:59am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 4	278.40
USD PKR Interbank Buying / Jun 4	278.20
USD to Japanese Yen / Jun 4	156.01
USD to Swiss Franc / Jun 4	0.90
Pound Sterling to USD / Jun 4	1.28
Euro to USD / Jun 4	1.09

Stock	Volume
S&P 500 / Jun 3	5283.40
Nasdaq / Jun 3	16828.67
Dow Jones / Jun 3	38571.03
India Sensex / Jun 4	70382.44
Tokyo Nikkei / Jun 4	38837.46
Hang Seng / Jun 4	18525.93
FTSE 100 / Jun 4	8215.10
Germany DAX 30 / Jun 4	18525.10

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 3	19935
Crude Oil USD/Barrel / Jun 4	73.30
Gold 10 Grams PKR / Jun 4	206619
Gold Spot USD/Ounce / Jun 4	2346.95
Cotton US¢/pound / Jun 4	73.74
Petrol/Litre / Jun 5	268.36

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 5 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 5 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 5 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 5 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 5 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 5 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 5 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 5 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 5 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 5 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 5 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 5 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 5 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 5 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 5 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 5 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 5 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 5 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 5 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 5 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 5 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 5 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 5 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 5 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 5 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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