Trends - banks - Business Recorder

banks

European countries differ over windfall taxes on banks

STOCKHOLM: Some European countries have imposed windfall taxes on banks’ profits to help fund their response to ...

Published 20 Nov, 2023 06:28am

Business & Finance

Cabinet approves levy of 40% tax on banks’ windfall profit earned during 2021-22

The federal cabinet on Wednesday accorded approval to impose 40% tax on windfall profit earned by banks on the...

Published 15 Nov, 2023 10:20pm

Forex deals: Tax on windfall profits of banks likely

ISLAMABAD: The government is likely to invoke provisions of the Finance Act, 2023, to impose tax on windfall...

Updated 15 Nov, 2023 09:49am

Business & Finance

Q3CY23: Listed banks’ profitability up 95pc to record Rs163bn YoY

KARACHI: Pakistani listed banks’ profitability increased to record Rs 163 billion up 95 percent on year-on-year...

Published 01 Nov, 2023 05:57am

Business & Finance

Eurozone banks tighten credit standards further: ECB

FRANKFURT: Eurozone banks tightened lending criteria further in the third quarter as higher interest rates bite, a...

Published 30 Oct, 2023 05:24am

Business & Finance

Cash transactions at BB locations: Biometric verification of accountholders a must: SBP

KARACHI: The State Bank of Pakistan (SBP) has made Biometric Verification (BV) of accountholders mandatory for all...

Published 26 Oct, 2023 06:08am

Pakistan

Relief provided to banking customers

ISLAMABAD: The Banking Mohtasib Pakistan provided monetary relief of an amount of Rs 972.33 million to the banking...

Published 23 Oct, 2023 05:58am

SBP tells Senate panel: DPC set up to protect small bank depositors

ISLAMABAD: The Deposit Protection Corporation (DPC) has been set up through promulgation of the Deposit Protection...

Updated 15 Oct, 2023 09:36am

Opposition of IMF, World Bank: Plan to have direct credit lines from banks, FIs shelved

ISLAMABAD: The Finance Division has reportedly shelved its plan to have direct credit lines from Banks/ Financial...

Updated 03 Oct, 2023 09:15am

Business & Finance

Faysal Bank to set up ‘wholly-owned’ Exchange Company

Becomes 5th commercial bank to make such announcement this month

Updated 28 Sep, 2023 09:33pm

Business & Finance

APSR for FY23 released: Banks, MFBs process e-banking transactions worth Rs167.4trn

KARACHI: Banks and MFBs have processed 2,073.3 million e-banking transactions amounting to Rs. 167.4 trillion in...

Updated 28 Sep, 2023 10:05am

Mid-Year Performance Review: Macroeconomic environment remains challenging: SBP

KARACHI: The State Bank of Pakistan (SBP) on Monday said that the macroeconomic environment remains challenging...

Updated 19 Sep, 2023 09:42am

Banks and FIs: MoF to do away with direct credit lines

ISLAMABAD: The Finance Ministry has reportedly decided to do away with direct credit lines from banks/financial...

Updated 14 Sep, 2023 09:09am

BR Research

Crescent Steel and Allied Products Limited

Crescent Steel and Allied Products Limited (PSX: CSAP) was incorporated in Pakistan as a public limited company in...

Updated 16 Aug, 2023 02:03pm

Editorials

What happens when cash reigns supreme?

EDITORIAL: In the last decade, authorities had supposedly lent focus to expand documentation of the economy. But,...

Published 16 Aug, 2023 05:50am

Aug-Oct auction calendar: Govt plans to borrow Rs11.09trn from banks

KARACHI: The federal government has planned to borrow Rs 11.09 trillion from the domestic banking system during the...

Updated 08 Aug, 2023 09:41am

Opinion

The corruption challenge

The Federal Board of Revenue (FBR) issued regulations granting banks access to asset declarations of high-level...

Updated 04 Aug, 2023 06:43am

Business & Finance

Banks vote to limit accounting of emissions in bond and stock sales

LONDON: Banks working to develop global standards on accounting for carbon emissions in bond or stock sale...

Published 31 Jul, 2023 06:43am

Budgetary support: Govt borrows Rs500bn from banks in 2 weeks: SBP

Says federal government's borrowing for budgetary support rose by 218 percent during the initial two weeks of this fiscal year

Updated 26 Jul, 2023 01:00pm

Business & Finance

Publication on banking sector released: ‘Financial inclusion remains a challenge’

KARACHI: The financial inclusion remains a challenge for Pakistan with lower financial, women and rural inclusion...

Published 15 Jul, 2023 06:08am

Business & Finance

EU agrees tougher rules on banks

BRUSSELS: The EU struck a deal on Tuesday to implement internationally-agreed banking reforms intended to avert a...

Published 28 Jun, 2023 06:31am

Opinion

Unmasking regressive banking

In today’s fast-paced world marked by technological advancements and social progress, the banking industry has...

Published 21 Jun, 2023 06:00am

Business & Finance

Banks to collect duties/taxes on 24th

KARACHI: In order to facilitate the taxpayers in payment of Government duties/taxes, the State Bank of Pakistan has...

Published 20 Jun, 2023 03:16am

WHT deduction, monitoring: 34 banks declared SWAPS agents

ISLAMABAD: The Federal Board of Revenue (FBR) has declared 34 banks as ‘SWAPS’ agents (withholding agents) for the...

Updated 18 Jun, 2023 10:05am

Banks recording WHTs on real-time basis, FBR informs FTO

ISLAMABAD: The Federal Board of Revenue (FBR) has informed the Federal Tax Ombudsman (FTO) that all bank branches...

Updated 18 Jun, 2023 10:09am

Additional advances to IT ITeS: 20pc concessionary tax rate on banks’ income proposed

KARACHI: The federal government has proposed concessionary tax rate for banks income from additional advances to...

Updated 10 Jun, 2023 08:51am

Banks disburse Rs1.222trn agri credit

KARACHI: With 27.5 percent growth, the agriculture lending financial institutions have disbursed Rs 1.222 trillion...

Updated 09 Jun, 2023 08:57am

SBP for submission of FCY cross- border payments/ transfer cases

Business & Finance

Gainers
Losers
Leaders

Stock	Price
Hira Textile / Nov 28 Hira Textile Mills Limited(HIRAT)	2.25 ▲ 0.29 (14.80%)
Service Textile / Nov 28 Service Industries Textiles Limited(SERT)	10.11 ▲ 1.00 (10.98%)
Chakwal Spinning / Nov 28 Chakwal Spinning Mills Limited(CWSM)	2.22 ▲ 0.19 (9.36%)
Saritow Spinning / Nov 28 Saritow Spinning Mills Limited(SSML)	6.53 ▲ 0.53 (8.83%)
Shaheen Ins. / Nov 28 Shaheen Insurance Company Limited(SHNI)	3.74 ▲ 0.29 (8.41%)
Kohinoor Power / Nov 28 Kohinoor Power Company Limited(KOHP)	4.20 ▲ 0.32 (8.25%)
Premier Insurance / Nov 28 Premier Insurance Limited(PINL)	7.90 ▲ 0.58 (7.92%)
Safe Mix Con.Lt / Nov 28 Safe Mix Concrete Limited(SMCPL)	13.70 ▲ 1.00 (7.87%)
Saif Textile / Nov 28 Saif Textile Mills Limited(SAIF)	12.40 ▲ 0.88 (7.64%)
Calcorp / Nov 28 Calcorp Limited(CASH)	19.91 ▲ 1.39 (7.51%)

Stock	Price
Samba Bank / Nov 28 Samba Bank Limited(SBL)	7.85 ▼ -0.66 (-7.76%)
Metro Steel / Nov 28 Metropolitan Steel Corporation Limited(MSCL)	24.97 ▼ -2.02 (-7.48%)
Bank of Khyber / Nov 28 The Bank of Khyber(BOK)	11 ▼ -0.80 (-6.78%)
Leather Up Ltd. / Nov 28 Leather Up Limited(LEUL)	11.01 ▼ -0.76 (-6.46%)
Ask.Gen.Insur. / Nov 28 Askari General Insurance Company Limited(AGIC)	17.71 ▼ -1.18 (-6.25%)
Indus Dyeing / Nov 28 Indus Dyeing & Manufacturing Co. Limited(IDYM)	157 ▼ -9.65 (-5.79%)
J.A.Textile / Nov 28 J.A. Textile Mills Limited(JATM)	51 ▼ -3.10 (-5.73%)
Bannu Woollen / Nov 28 Bannu Woollen Mills Limited(BNWM)	30 ▼ -1.78 (-5.60%)
Punjab Mod / Nov 28 First Punjab Modaraba(FPJM)	1.60 ▼ -0.09 (-5.33%)
HBL Growth Fund / Nov 28 HBL Growth Fund(HGFA)	8.33 ▼ -0.46 (-5.23%)

Stock	Volume
Kohinoor Spining / Nov 28 Kohinoor Spinning Mills Limited(KOSM)	109,392,000 ▲ 0.13
WorldCall Telecom / Nov 28 Worldcall Telecom Limited(WTL)	43,313,979 ▲ 0.06
Yousuf Weaving / Nov 28 Yousaf Weaving Mills Limited(YOUW)	22,758,500 ▼ -0.12
Treet Corp. (R) / Nov 28 Treet Corporation Limited (R)(TREETR2)	22,470,945 ▼ -0.15
Maple Leaf Cement / Nov 28 Maple Leaf Cement Factory Limited(MLCF)	17,865,589 ▼ -0.04
D.G.K.Cement / Nov 28 D.G. Khan Cement Company Limited(DGKC)	15,655,201 ▲ 1.94
Agritech Limited / Nov 28 Agritech Limited(AGL)	15,233,500 ▲ 0.63
Pak Elektron / Nov 28 Pak Elektron Limited(PAEL)	14,205,993 ▲ 0.01
P.I.A.C.(A) / Nov 28 Pakistan International Airlines Corp(PIAA)	13,108,000 ▼ -0.13
B.O.Punjab / Nov 28 The Bank of Punjab(BOP)	13,103,901 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 28	285.85
USD PKR Interbank Buying / Nov 28	285.35
USD to Japanese Yen / Nov 28	148.25
USD to Swiss Franc / Nov 28	0.88
Pound Sterling to USD / Nov 28	1.26
Euro to USD / Nov 28	1.10
UK LIBOR % / Nov 27	5.46

Stock	Volume
S&P 500 / Nov 27	4550.43
Nasdaq / Nov 27	14241.02
Dow Jones / Nov 27	35333.47
India Sensex / Nov 28	65983.73
Tokyo Nikkei / Nov 28	33370.40
Hang Seng / Nov 28	17485.79
FTSE 100 / Nov 28	7442.27
Germany DAX 30 / Nov 28	15941.55
France CAC40 / Nov 28	7237.40

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 27	17735
Gold 10 Grams PKR / Nov 27	185614
Crude Oil USD/Barrel / Nov 28	74.99
Gold Spot USD/Ounce / Nov 28	2015.58
Cotton US¢/pound / Nov 28	79.06

Calculate your monthly liability in FY24

banks

Most Popular Articles