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banks

‘Un-documented large-scale business transactions to be captured with help of banks’

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial said that the un-documented large-scale...

Updated 22 Jun, 2025 10:21am

FBR chief urges Senate body to abolish 7th Schedule of ITO, bring banks into normal tax regime applicable to companies

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial, Thursday, strongly recommended Senate...

Updated 20 Jun, 2025 09:39am

MoF signs 1bn loan facility backed by ADB guarantee

ISLAMABAD: The Ministry of Finance has signed a syndicated term finance facility of $1 billion partially guaranteed...

Updated 19 Jun, 2025 09:24am

Rs1.275trn loan deal finalised with banks

ISLAMABAD: The Federal Cabinet on Wednesday approved a long-anticipated agreement between the Government of Pakistan...

Updated 19 Jun, 2025 08:32am

Insider trading: SECP secures first-ever conviction

KARACHI: In a landmark decision, the Sindh Special Court (Offences in Banks) has handed down the first-ever...

Published 18 Jun, 2025 06:10am

Pakistan

Fourth quarter tranche disbursement via retail network: BISP holds meeting with partner banks

ISLAMABAD: The Benazir Income Support Programme (BISP) held a high-level strategic coordination meeting with partner...

Published 14 Jun, 2025 07:11am

Budget 2025-26

Non-filers: Govt decides to hike cash withdrawal limit to Rs75,000

ISLAMABAD: The government has decided to increase limit from Rs50,000 to Rs75,000 for charging enhanced rate of...

Updated 14 Jun, 2025 03:27pm

Budget 2025-26

Banks to act as WHT agents: ‘Digital levy’ introduced in Pakistan

KARACHI: The federal government has introduced “Digital Transactions Proceeds Levy” along with necessary changes in...

Updated 11 Jun, 2025 11:10am

Power sector debt: Govt secures historic Rs1.275trn loan deal from banks

ISLAMABAD: After months of negotiations on term sheets and legal formalities, the government has finalized...

Updated 02 Jun, 2025 09:27am

No legal framework exists: FIs must avoid deals involving VAs: SBP

KARACHI: The State Bank of Pakistan (SBP) on Friday said it has directed financial institutions to refrain from...

Updated 31 May, 2025 03:30pm

Budget 2025-26

Cash withdrawals from banks: FBR proposes raise in WHT for non-filers

Proposal part of government’s policy to penalise non-filers of income tax returns

Updated 31 May, 2025 03:29pm

Business & Finance

Pakistan FM Aurangzeb holds virtual meetings with UAE banks

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb on Monday underscored commitment to...

Updated 20 May, 2025 08:57am

Business & Finance

National Bank of Pakistan advances technology to power smarter banking solutions

KARACHI: In pursuit of innovation and excellence in customer service, National Bank of Pakistan (NBP) has...

Updated 20 May, 2025 09:36am

Business & Finance

Cattle markets in Pakistan: State Bank launches ‘go cashless’ campaign

KARACHI: The State Bank of Pakistan (SBP) has initiated a nationwide “go cashless” campaign to promote digital...

Updated 20 May, 2025 09:21am

Business & Finance

Housing finance schemes: Pakistan govt ready to offer 100% guarantees to banks

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives, Ahsan Iqbal Monday announced that the...

Updated 13 May, 2025 11:44am

BR Research

Avanceon Limited

Avanceon Limited (PSX: AVN) was incorporated in Pakistan as a private limited company in 2003 and was converted into...

Updated 12 May, 2025 07:56am

Opinion

Pakistan’s banking sector deserves a fairer narrative

In a country gripped by chronic revenue shortfalls and economic instability, one sector quietly shoulders more than...

Published 08 May, 2025 06:50am

Profitability of listed banks jumps to Rs173bn

KARACHI: Pakistan’s listed banks’ profitability clocked in at Rs 173 billion, up by 14 percent YoY and 12 percent...

Updated 01 May, 2025 11:56am

Business & Finance

KP Finance issues fiscal guidelines to spending, cheque clearance

PESHAWAR: The Finance Department of Khyber Pakhtunkhwa has issued detailed circular guidelines to all relevant...

Updated 28 Apr, 2025 07:35am

Business & Finance

BMP provides relief of Rs1.65bn to banking customers

KARACHI: The Institution of Banking Mohtasib Pakistan (BMP) has provided relief amounting to Rs 1.65 billion to the...

Published 22 Apr, 2025 07:40am

Business & Finance

Women: SBP urged to ease account opening, loan provisions

ISLAMABAD: The Special Committee on Gender Mainstreaming acknowledged the State Bank of Pakistan (SBP) for taking...

Published 17 Apr, 2025 05:42am

Rs1.275trn loan to tackle circular debt: CPPA-G likely to sign term sheets with 18 banks

Entire plan already approved by the Task Force on Power

Updated 16 Apr, 2025 02:29pm

Export-oriented growth: Banks agree to lend a helping hand

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb chairs a high-level meeting on priority sector lending

Updated 15 Apr, 2025 04:26pm

Business & Finance

ECB warns about financial risk coming from shadow banks

FRANKFURT: The European Central Bank is particularly concerned about financial stress spreading from non-bank...

Published 11 Apr, 2025 07:46am

Jul 1 ‘24 to Mar 14 ’25: Govt borrowing for budgetary support plunges 66pc

KARACHI: The federal government’s borrowing for budgetary support from the domestic banking system has dropped...

Updated 03 Apr, 2025 09:05am

Opinion

‘Unconstitutional’ windfall tax–I

Banks have regular windfall income from dealing in foreign currencies – oxymoronic treatment by SRO. 1588(I)/2023...

Published 28 Mar, 2025 06:15am

Business & Finance

Clean farmer financing: FFC signs MoUs with leading banks

ISLAMABAD: Fauji Fertilizer Company (FFC) has partnered with four leading banks to provide clean financing of up to...

Published 20 Mar, 2025 08:00am

Business & Finance

Banking customer secures rights against auto-finance facility

LAHORE: A banking customer has secured his right of declaration, rendition of accounts, recovery, damages and...

Published 15 Mar, 2025 05:22am

Profitability of listed banks rises 5pc YoY

KARACHI: The profitability of listed banks increased by 5 percent YoY to Rs597 billion in 2024, mainly driven by a 9...

Updated 04 Mar, 2025 09:10am

Business & Finance

Bank holiday

KARACHI: The State Bank of Pakistan will remain closed for public dealing on Monday, March 3, 2025, which shall be...

Published 01 Mar, 2025 06:28am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 23	283.90
USD PKR Interbank Buying / Jun 23	283.60
USD to Japanese Yen / Jun 23	147.27
USD to Swiss Franc / Jun 23	0.82
Pound Sterling to USD / Jun 23	1.34
Euro to USD / Jun 23	1.15
UK LIBOR % / Jun 20	4.96

Stock	Volume
S&P 500 / Jun 20	5,967.84
Nasdaq / Jun 20	19,447.41
Dow Jones / Jun 20	42,206.82
India Sensex / Jun 23	81,805.29
Tokyo Nikkei / Jun 23	38,354.09
Hang Seng / Jun 23	23,650.62
FTSE 100 / Jun 23	8,779.33
Germany DAX 30 / Jun 23	23,247.79
France CAC40 / Jun 23	7,558.55

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 20	16,785
Gold 10 Grams PKR / Jun 20	306,069
Petrol/Litre / Jun 23	258.43
Crude Oil USD/Barrel / Jun 23	74.78
Gold Spot USD/Ounce / Jun 23	3,353.56
Diesel/Litre / Jun 23	262.59
Cotton US¢/pound / Jun 23	66.65

Gainers
Losers
Leaders

Stock	Price
Cresent Jute / Jun 23 Crescent Jute Products Limited(CJPL)	7.49 ▲ 1 (15.41%)
AN Textile Mills / Jun 23 AN Textile Mills Limited(ANTM)	25.70 ▲ 2.34 (10.02%)
Leather Up Ltd. / Jun 23 Leather Up Limited(LEUL)	42.90 ▲ 3.9 (10%)
Rupali polyester / Jun 23 Rupali Polyester Limited(RUPL)	27.07 ▲ 2.46 (10%)
Frontier Ceram / Jun 23 Frontier Ceramics Limited(FRCL)	36.30 ▲ 3.3 (10%)
Karam Ceramics / Jun 23 Karam Ceramics Limited(KCL)	66.80 ▲ 6.07 (10%)
Shams Textile / Jun 23 Shams Textile Mills Limited(STML)	34.67 ▲ 3.15 (9.99%)
First Elite Cap.Mod / Jun 23 First Elite Capital Modaraba(FECM)	36.88 ▲ 3.35 (9.99%)
Jubilee Spinning / Jun 23 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	12.35 ▲ 1.12 (9.97%)
Fazal Cloth / Jun 23 Fazal Cloth Mills Limited(FZCM)	205.54 ▲ 18.54 (9.91%)

Stock	Price
United BankXD / Jun 23 United Bank Limited(UBL)	261.81 ▼ -262.38 (-50.05%)
First Prudential Mod. / Jun 23 First Prudential Modaraba(PMI)	3.49 ▼ -0.61 (-14.88%)
First Fid. Leasing / Jun 23 First Fidelity Leasing Modaraba(FFLM)	2.31 ▼ -0.34 (-12.83%)
Invest Bank / Jun 23 Invest Capital Investment Bank Limited(ICIBL)	7.21 ▼ -0.98 (-11.97%)
Askari Life Assur. / Jun 23 Askari Life Assurance Company Limited(ALAC)	6.99 ▼ -0.95 (-11.96%)
Ghani Chemworld / Jun 23 Ghani Chemworld Limited(GCWL)	7.98 ▼ -1 (-11.14%)
Yousuf Weaving / Jun 23 Yousaf Weaving Mills Limited(YOUW)	4.22 ▼ -0.52 (-10.97%)
F.Credit & Inv / Jun 23 First Credit and Investment Bank Limited(FCIBL)	7.75 ▼ -0.88 (-10.2%)
LSE Financial Serv. / Jun 23 LSE Financial Services Limited(LSEFSL)	32.36 ▼ -3.6 (-10.01%)
Chashma / Jun 23 Chashma Sugar Mills Limited(CHAS)	57.60 ▼ -6.4 (-10%)

Stock	Volume
WorldCall Telecom / Jun 23 Worldcall Telecom Limited(WTL)	53,303,035 ▼ -0.1
Sui South Gas / Jun 23 Sui Southern Gas Company Limited(SSGC)	35,996,379 ▼ -4.2
Pervez Ahmed Consultancy / Jun 23 Pervez Ahmed Consultancy Services Ltd.(PASL)	24,022,793 ▼ -0.12
K-Electric Ltd. / Jun 23 K-Electric Limited(KEL)	23,740,292 ▼ -0.24
Kohinoor Spining / Jun 23 Kohinoor Spinning Mills Limited(KOSM)	22,523,059 ▼ -0.54
Fauji Cement / Jun 23 Fauji Cement Company Limited(FCCL)	16,264,731 ▼ -4.16
Cnergyico PK / Jun 23 Cnergyico PK Limited(CNERGY)	14,226,103 ▼ -0.48
Maple Leaf Cement / Jun 23 Maple Leaf Cement Factory Limited(MLCF)	14,036,410 ▼ -5.02
Dewan Cement / Jun 23 Dewan Cement Limited(DCL)	13,766,080 ▼ -1.36
B.O.Punjab / Jun 23 The Bank of Punjab(BOP)	13,746,025 ▼ -0.36

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