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central bank

Turkey central bank stuns market with 500-point rate hike to 50pc

ISTANBUL: Turkey’s central bank unexpectedly hiked interest rates by 500 basis points to 50% on Thursday, citing a...

Published 22 Mar, 2024 04:57am

World

Germany likely to fall into recession: central bank

FRANKFURT: German output is likely to shrink slightly in the first quarter, sending Europe’s top economy into...

Published 20 Feb, 2024 03:09am

BR Research

Forward export hangover

The currency is under pressure again. There is dip-by-dip depreciation every day. It has depreciated by 2.9 percent...

Published 07 Nov, 2023 08:37am

BR Research

Pakistan’s state of statistics: SBP’s timely call

“The current state of timeliness…of statistics does not bode well for reform outcomes, policy diagnosis, investment...

Published 07 Nov, 2023 08:25am

BR Research

Trigger Warning: It starts with the letter ‘T’

No, not TERF. But also,not entirely unrelated to the very relevant debate that is taking place in the country as the...

Published 18 Jul, 2023 08:30am

Opinion

Digital and payment system in Pakistan: Future landscape

Pakistan is at a critical juncture of its journey of digital financial inclusion. It is critical that the Central...

Updated 14 Jun, 2023 10:09am

Business & Finance

Asian nations to debate Japan’s bid to beef up market safeguards

TOKYO: Asian finance leaders gathering in South Korea this week will likely debate ways to beef up safeguards ...

Published 02 May, 2023 05:59am

BR Research

Will ‘trickle-up’ finance save banks?

The central bank marked the beginning of Q4 of fiscal year 2023 by raising the policy rate to 21 percent. With a...

Updated 13 Apr, 2023 01:18pm

Business & Finance

Brazil reports lower than expected current account deficit in Feb

BRASILIA: Brazil posted a lower-than-expected current account deficit in February, showed central bank data on...

Published 28 Mar, 2023 06:21am

Business & Finance

Next MPC meeting so far scheduled on March 16, says SBP

SBP chief spokesperson's statement comes amid widespread speculation the central bank is likely to increase interest rate in off-cycle review

Published 23 Feb, 2023 08:38pm

BR Research

Handset imports: blacked out!

Latest central bank data show that the country’s mobile phone imports have crashed by an even bigger magnitude than...

Published 30 Jan, 2023 09:23am

BR Research

Country likely to face shortage of pulses?

There may be blood on the streets, but Pakistani appetite for pulses appears to be unsatiated. Despite cash margin...

Published 13 Jan, 2023 09:01am

BR Research

On e-commerce growth

The most-recent central bank statistics on digital payments that were made available last week also show strong...

Published 28 Dec, 2022 09:17am

BR Research

Remittances: Not all doom and gloom

The Dar effect on the exchange rate is for everyone to see. The spread between open and interbank markets has...

Published 21 Dec, 2022 08:46am

BR Research

A forever crisis?

Central banks around the world aren’t done tightening yet. Rationalizing their continued rate-hike decisions, bank...

Published 15 Dec, 2022 07:30am

Markets

SBP suspends authorisation of 2 currency exchange companies over 'serious violations'

Central bank advises both firms to strengthen internal control functions, submit report of corrective measures

Published 18 Nov, 2022 05:05pm

Markets

Indonesia's forex reserves drop to $130.2bn at end-October

JAKARTA: Indonesia's foreign exchange reserves dropped to $130.2 billion in October, equal to 5.8 months worth of...

Updated 07 Nov, 2022 10:27pm

Business & Finance

ECB’s next rate move likely between 50 and 75 bps

AMSTERDAM: The European Central Bank (ECB) could hike its interest rates by 75 basis points again at its next policy...

Published 31 Oct, 2022 05:55am

Markets

Wall St Week Ahead: More worries for US stocks, bonds: Fed ramps up ‘QT’

NEW YORK: As the Federal Reserve accelerates the unwinding of its balance sheet this month, some investors worry ...

Published 12 Sep, 2022 06:01am

Business & Finance

Roshan Digital Accounts: inflow in July down 25% month-on-month

Cumulative inflow hits $4.794 billion in 23 months since start of programme

Updated 06 Aug, 2022 04:43pm

BR Research

Finding the ideal central banker

The government is in the process of finalizing the appointment of SBP Governor, a position that has now been vacant...

Updated 27 Jul, 2022 11:14am

BR Research

No cure for poor timing?

It’s a coincidence from hell that Pakistan’s economy and politics are regressing simultaneously, and at an...

Published 27 Jul, 2022 09:07am

BR Research

Earnings and repatriation

Profit and dividend outflow on foreign direct investment (FDI) increased by around 5 percent in 11MFY22 as per the...

Published 26 Jul, 2022 08:40am

Business & Finance

Indian rupee snaps 7-day falling streak

MUMBAI: The Indian rupee snapped a seven-session falling streak on Tuesday as central bank intervention and gains in...

Published 20 Jul, 2022 05:48am

Business & Finance

Mera Pakistan Mera Ghar: Applicants in doubt as SBP looks for ‘line of action’ with govt

Thousands fear losing deposits after suspension of MPMG Scheme that put further disbursements on hold

Published 15 Jul, 2022 03:21pm

Markets

European shares climb as Norway oil strike ends

PARIS: European shares rallied on Wednesday after Norwegian oil and gas workers ended their strike, easing energy...

Published 07 Jul, 2022 05:35am

Business & Finance

Malaysia’s ringgit steadies after rate hike

BANGKOK: Malaysia’s ringgit pared losses on Wednesday after its central bank hiked its key interest rate for a...

Published 07 Jul, 2022 05:35am

Business & Finance

Turkish inflation seen above 78% in June, just below 70% at end-2022

ISTANBUL: Turkey’s inflation is expected to rise above 78% in June and it was seen declining to just below 70% by...

Published 04 Jul, 2022 12:35pm

Business & Finance

Monetary policy: majority expects at least 100bps hike as inflation highest since Dec 2008

Monetary Policy Committee of the State Bank of Pakistan (SBP) is currently scheduled to meet on July 7 (Thursday)

Published 01 Jul, 2022 07:15pm

Business & Finance

China considers longer trading hours for onshore yuan

BEIJING/SHANGHAI: China is considering extending its onshore currency trading hours, according to four sources...

Published 28 Jun, 2022 06:10am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 27	278.43
USD PKR Interbank Buying / May 27	278.23
USD to Japanese Yen / May 28	157.24
USD to Swiss Franc / May 28	0.91
Pound Sterling to USD / May 28	1.28
Euro to USD / May 28	1.08

Stock	Volume
S&P 500 / May 28	5306.04
India Sensex / May 28	75170.45
Tokyo Nikkei / May 28	38790.40
Nasdaq / May 28	17019.88
Hang Seng / May 28	18612.70
FTSE 100 / May 28	8254.18
Dow Jones / May 28	38852.86
Germany DAX 30 / May 28	18677.87

Item	Value
Karachi Cotton PKR/37.32 KG / May 27	19935
Crude Oil USD/Barrel / May 28	80.12
Gold 10 Grams PKR / May 28	206018
Gold Spot USD/Ounce / May 28	2358.18
Cotton US¢/pound / May 28	78.80
Petrol/Litre / May 29	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 29 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 29 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 29 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 29 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 29 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 29 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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