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central bank

European shares mark strong end to nervous week

LONDON: European stocks jumped 2.6% on Friday, pushing them into positive territory for the week as investors ...

Published 27 Jun, 2022 06:06am

Business & Finance

Japan’s inflation tops BOJ target

TOKYO: Japan’s annual core consumer inflation topped the central bank’s target for a second straight month in...

Published 25 Jun, 2022 04:42am

Opinion

For central bankers, tighter financial conditions may be an ally

Slumping stocks and surging bond yields are rapidly crimping global financial conditions, yet given their effect on...

Published 16 Jun, 2022 06:03am

BR Research

Remittances tapering off?

Remittances for April 2022 touched the highest ever monthly level of $3 billion. While remittances have continued to...

Published 14 Jun, 2022 08:28am

Business & Finance

Sterling hits 2-year low

LONDON: Sterling fell to its lowest in two years against a rising dollar on Monday, coming under pressure from data...

Published 14 Jun, 2022 05:56am

Business & Finance

SBP allows DFIs to participate in Open Market Operations

Approval would facilitate DFIs in their liquidity management

Published 07 Jun, 2022 02:14pm

Markets

Alarm bells: SBP-held foreign currency reserves fall to $9.72bn

Fall $366mn on a weekly basis due to external debt repayment
Total reserves held by country stand at $15.77 billion as of May 27

Published 02 Jun, 2022 08:47pm

Business & Finance

Rouble extends losses after rates slashed; Eurobonds in focus

MOSCOW: The Russian rouble extended its losses on Friday after plunging in the previous session as the country’s...

Published 28 May, 2022 05:11am

Markets

Wall Street rises on growth stocks ahead of Fed minutes

NEW YORK: US stock indexes shook off early weakness to trade higher on Wednesday as growth stocks rallied, with...

Published 26 May, 2022 05:26am

Business & Finance

Traders see a method to Turkish lira’s recent slide

ANKARA: A six-day slide in Turkey’s lira has left traders predicting that authorities are now targeting a new...

Published 13 May, 2022 05:59am

Business & Finance

Former PM whisked to navy base: Sri Lanka central bank chief threatens to quit

COLOMBO/ WEERAKETIYA, (Sri Lanka): Sri Lanka’s central bank governor said on Wednesday he would quit within weeks...

Published 12 May, 2022 05:40am

Opinion

Battered bulls hope Fed pain in rearview mirror after Powell maps out hikes

Federal Reserve Chair Jerome Powell gave investors a glimmer of hope that the central bank is unlikely to become ...

Published 06 May, 2022 05:03am

Business & Finance

Dr Reza Baqir's tenure as SBP governor ends, Miftah wishes him 'the very best'

Govt decides against granting second term to Dr Baqir
Dr Murtaza Syed to assume charge of acting governor, says SBP

Updated 04 May, 2022 01:54pm

World

Australian rate hike an unwelcome twist for PM Morrison’s re-election bid

SYDNEY: Australian Prime Minister Scott Morrison was dealt an election blow on Tuesday after the country’s central...

Published 03 May, 2022 07:16pm

Business & Finance

US yields post steep gains

NEW YORK: US Treasury yields rose sharply on Monday, with those on long-dated debt hitting multi-year highs, as...

Published 03 May, 2022 03:47am

Markets

Morocco sees spending on subsidies surging

RABAT: Morocco expects spending on subsidies of soft wheat, cooking gas and sugar to rise to 32 billion dirhams...

Published 19 Apr, 2022 05:32am

New govt to roll back electricity, fuel subsidies?

Prime Minister Shehbaz Sharif meets his economic team to tackle the issue

Updated 15 Apr, 2022 01:18pm

World

Sri Lanka doubles interest rates to tame inflation as crisis bites

COLOMBO: Sri Lanka’s central bank doubled its key interest rates on Friday, raising each by an unprecedented 700...

Published 09 Apr, 2022 04:39am

Business & Finance

Rouble rallies after sudden rate cut

MOSCOW: The Russian rouble rallied to its strongest level since June 2020 against the euro on Friday after an...

Published 09 Apr, 2022 04:39am

Business & Finance

At emergency MPC meeting, SBP raises policy rate by 250 basis points to 12.25%

Statement says central bank is in the process of taking further actions to reduce pressures on inflation and current account, namely increase in interest rate on export refinance scheme and widening set of import items subject to cash margin requirements

Updated 07 Apr, 2022 07:31pm

Markets

Repayment of syndicated loan facility from China: SBP reserves fall massive $2.915 billion

SBP says rollover of this syndicated facility is being processed and expected shortly

Published 31 Mar, 2022 07:50pm

Markets

SBP's foreign exchange reserves fall to lowest level in almost a year

Decrease $869mn on a weekly basis due to external debt and other payments, says central bank

Updated 24 Mar, 2022 09:28pm

Opinion

BoE’s Bailey heads into tough third year with criticisms ringing

Andrew Bailey is leading the Bank of England into one of its most complex challenges in decades while facing...

Published 16 Mar, 2022 05:40am

Business & Finance

REER increases marginally to 97.03 in January 2022

Up 0.24% month-on-month

Updated 26 Feb, 2022 08:17pm

Business & Finance

Malaysia's economy grows 3.6% in Q4, better than forecast

KUALA LUMPUR: Malaysia's economy returned to growth in the fourth quarter of 2021, expanding 3.6% from a year...

Published 11 Feb, 2022 10:19am

Markets

India may cut 2022/23 market borrowing by 600bn rupees

NEW DELHI: The Indian government may reduce by as much as 600 billion rupees its planned record market borrowing of...

Published 03 Feb, 2022 09:59am

BR Research

Food prices: don’t look up!

With central bank’s autonomy now enshrined into law, many fear that fiscal and monetary houses in Islamabad and...

Published 03 Feb, 2022 07:46am

BR Research

Imports: no respite on offer

“Looking ahead, the current account deficit is expected to decline through the remainder of FY22, as import growth...

Published 01 Feb, 2022 07:53am

Pakistan

Ahead of IMF's 6th review, Senate approves SBP (Amendment) Bill, 2021

Finance Minister Shaukat Tarin tabled the bill, which was approved by a margin of one vote
The bill was a key condition for revival of the IMF programme

Updated 28 Jan, 2022 02:24pm

Business & Finance

Turkish lira firms

ISTANBUL: The lira was firmer on Monday after Turkey’s finance minister was cited as saying inflation may rise to...

Published 25 Jan, 2022 05:03am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 24	278.50
USD PKR Interbank Buying / Apr 24	278.25
USD to Japanese Yen / Apr 24	154.89
USD to Swiss Franc / Apr 24	0.91
Pound Sterling to USD / Apr 24	1.24
Euro to USD / Apr 24	1.07

Stock	Volume
S&P 500 / Apr 23	5070.55
Nasdaq / Apr 23	15696.64
Dow Jones / Apr 23	38503.69
India Sensex / Apr 24	73884
Tokyo Nikkei / Apr 24	38460.08
Hang Seng / Apr 24	17176.31
FTSE 100 / Apr 24	8079.79
Germany DAX 30 / Apr 24	18202.76

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Petrol/Litre / Apr 24	293.94
Crude Oil USD/Barrel / Apr 24	83.46
Gold Spot USD/Ounce / Apr 24	2319
Diesel/Litre / Apr 24	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 24 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 24 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 24 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 24 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 24 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 24 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 24 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 24 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 24 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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