Topic

ECs

Disbursing remittances via Raast: SBP issues procedure for Exchange Companies

Updated 31 Jan, 2026 08:39am

KARACHI: The State Bank of Pakistan (SBP) on Friday issued a detailed procedure for Exchange Companies (ECs) to...

Exchange Companies can now use Raast to facilitate home remittances

Updated 16 Jan, 2026 09:05am

KARACHI: In order to support the shift towards a cashless economy, the State Bank of Pakistan (SBP) has amended its...

YoY: FY25 remittances soar 27% to $38.3bn

Updated 05 Sep, 2025 03:47pm

Inflows stand at $30.3bn in FY24

Currency smugglers: LEAs decide to intensify crackdown

Published 24 Jul, 2025 06:19am

KARACHI: Law enforcement agencies have decided to intensify their crackdown on currency smugglers and unauthorized...

Exchange cos welcome their inclusion in PRI

Updated 02 Jul, 2025 11:24am

KARACHI: In a major boost to the country’s foreign exchange inflows, exchange companies have welcomed their...

SBP revises Telegraphic Transfer charges scheme, raises limit to $200, includes ECs

Updated 01 Jul, 2025 08:44am

KARACHI: In a significant policy shift aimed at streamlining incentives for home remittance inflows, the State Bank...

ECs handled around $7bn forex in 2024

Updated 03 Jan, 2025 08:50am

KARACHI: Exchange companies have demonstrated remarkable performance in 2024 by successfully handling a total volume...

ECAP supports SBP’s new framework for exchange firms

Published 31 Dec, 2024 06:32am

KARACHI: The Exchange Companies Association of Pakistan (ECAP) has pledged its full support for the State Bank of...

SBP unveils updated regulatory framework for ECs

Updated 28 Dec, 2024 09:30am

KARACHI: The State Bank of Pakistan (SBP) on Friday revised the regulatory guidelines for exchange companies and...

Remittances: Two incentives available to banks and ECs now

Updated 09 Oct, 2024 09:04am

KARACHI: To enhance the flow of home remittances, the State Bank of Pakistan (SBP) has revamped the incentive...

Forex dealers, ECs, others: e-integration with FBR made mandatory

Updated 23 Mar, 2024 02:52pm

ISLAMABAD: The Federal Board of Revenue (FBR) has made it mandatory for foreign exchange dealers/exchange companies,...

Six major currencies: ECs implement new exchange rate mechanism

Updated 28 Dec, 2023 09:40am

KARACHI: Following the directives of the State Bank of Pakistan (SBP), Exchange Companies Association of Pakistan...

Open market exchange rate calculation: Mechanism finds favour with ECAP

Updated 26 Dec, 2023 10:02am

Exchange Companies Association of Pakistan appreciates State Bank of Pakistan’s efforts for stability of exchange rate

Open market: SBP unveils new exchange rate mechanism

Updated 23 Dec, 2023 02:50pm

KARACHI: In order to ensure transparency and credibility to the process of compiling open market exchange rate, the...

Exchange companies: SBP gives NOC to Habib Metropolitan Bank

Updated 30 Oct, 2023 05:11pm

The State Bank of Pakistan (SBP) has issued a no-objection certificate (NOC) to Habib Metropolitan Bank Limited, a...

Bank of Punjab considers wholly-owned Exchange Company

Published 30 Oct, 2023 11:46am

The Bank of Punjab announced on Monday that its board was proposed the establishment of a wholly-owned Exchange...

Askari Bank latest to establish wholly-owned Exchange Company

Updated 27 Oct, 2023 10:57pm

Askari Bank Limited, a subsidiary of Fauji Foundation, announced on Friday it will establish an Exchange Company...

Bank Alfalah to establish wholly-owned EC

Updated 03 Oct, 2023 10:44pm

Becomes sixth commercial bank to make such announcement to date

PKR improves further

Published 02 Oct, 2023 06:33am

KARACHI: The rupee improved another 1.4% to settle at 287.74 against the US dollar in the inter-bank market during...

KSE-100 sees 12% increase in 3Q2023 amid positive sentiment

Updated 30 Sep, 2023 04:45pm

Pakistan’s benchmark KSE-100 Index witnessed double-digit growth of 12% in 3Q2023, as sentiments improved on back of...

Bank AL Habib says will establish wholly-owned Exchange Company

Updated 22 Sep, 2023 10:40pm

Becomes fourth bank in recent weeks to make this announcement

ECs have no role in volatile exchange rate: Bostan

Updated 20 Sep, 2023 10:43am

KARACHI: Malik Muhammad Bostan, Chairman of Exchange Companies Association of Pakistan (ECAP), Tuesday said Exchange...

MCB Bank joins UBL and Meezan, says it will establish wholly-owned Exchange Company

Updated 18 Sep, 2023 07:49pm

The Board of Directors (BoD) of MCB Bank Limited, one of the largest commercial banks in the country, announced it...

EC reforms, action against smuggling ‘not contradicting’ IMF conditions: Dr Shamshad

Updated 15 Sep, 2023 07:05pm

Caretaker finance minister says exchange rate not being manipulated

Open market: rupee’s rally continues against USD

Updated 08 Sep, 2023 07:19pm

The Pakistani rupee maintained its positive run against the US dollar in the open market on Friday as gap with the...

Inter-bank market: rupee’s merry run continues against US dollar

Updated 08 Sep, 2023 07:18pm

Currency appreciates 0.66% to settle at 302.95 in inter-bank market

Currency appreciates 0.67% in inter-bank market

Exchange companies sector: MCR enhanced to Rs500m as SBP introduces major reforms

Updated 07 Sep, 2023 09:17am

KARACHI: The State Bank of Pakistan (SBP), introducing the structural reforms for the Exchange Companies, on...

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 17	278.16
USD PKR Interbank Buying / Jul 17	277.96
USD to Japanese Yen / Jul 17	162.40
USD to Swiss Franc / Jul 17	0.81
Pound Sterling to USD / Jul 17	1.35
Euro to USD / Jul 17	1.14
SOFR % / Jul 17	3.60

Stock	Volume
S&P 500 / Jul 17	7,457.69
India Sensex / Jul 17	78,151.45
Tokyo Nikkei / Jul 17	64,141.12
Nasdaq / Jul 17	25,520.24
Hang Seng / Jul 17	24,562.24
FTSE 100 / Jul 17	10,600.37
Dow Jones / Jul 17	52,146.42
Germany DAX 30 / Jul 17	24,830.98
France CAC40 / Jul 17	8,338.81

Item	Value
Crude Oil USD/Barrel / Jul 17	82.49
Karachi Cotton PKR/37.32 KG / Jul 17	18,780
Gold 10 Grams PKR / Jul 17	361,656
Gold Spot USD/Ounce / Jul 17	4,017.39
Cotton US¢/pound / Jul 17	78.63
Petrol/Litre / Jul 19	316.15
Diesel/Litre / Jul 19	354.35

Gainers
Losers
Leaders

Stock	Price
Dadabhoy Cement / Jul 17 Dadabhoy Cement Industries Limited(DBCI)	17.01 ▲ 1.55 (10.03%)
Ruby Textile / Jul 17 Ruby Textile Mills Limited(RUBY)	17.59 ▲ 1.6 (10.01%)
Crescent Cotton / Jul 17 Crescent Cotton Mills Limited(CCM)	53.68 ▲ 4.88 (10%)
National Silk / Jul 17 The National Silk & Rayon Mills Limited(NSRM)	272.21 ▲ 24.75 (10%)
Suhail Jute / Jul 17 Suhail Jute Mills Limited(SUHJ)	223.96 ▲ 20.36 (10%)
Baba Farid Sugar / Jul 17 Baba Farid Sugar Mills Limited(BAFS)	418.56 ▲ 38.05 (10%)
Shadman Cotton / Jul 17 Shadman Cotton Mills Limited(SHCM)	50.61 ▲ 4.6 (10%)
Asia Ins. / Jul 17 Asia Insurance Company Limited(ASIC)	34.45 ▲ 3.13 (9.99%)
Olympia Mills / Jul 17 Olympia Mills Limited(OML)	107.58 ▲ 9.65 (9.85%)
TPL Trakker Ltd / Jul 17 TPL Trakker Limited(TPLT)	27.91 ▲ 2.5 (9.84%)

Stock	Price
Tariq Corp. (R) / Jul 17 Tariq Corporation Limited(Right)(TCORPR2)	2.70 ▼ -0.89 (-24.79%)
First Punjab Modaraba / Jul 17 First Punjab Modaraba(FPJM)	11.04 ▼ -1.23 (-10.02%)
Khairpur Sug. / Jul 17 Khairpur Sugar Mills Limited(KPUS)	1,871.47 ▼ -207.94 (-10%)
Service Textile / Jul 17 Service Industries Textiles Limited(SERT)	62.27 ▼ -6.92 (-10%)
S.G.Power / Jul 17 S.G. Power Limited(SGPL)	97.59 ▼ -10.84 (-10%)
Mughal Iron & Steel(C) / Jul 17 Mughal Iron & Steel Industries Ltd (C)(MUGHALC)	63 ▼ -6.99 (-9.99%)
Fateh Sports / Jul 17 Fateh Sports Wear Limited(FSWL)	150.29 ▼ -16.65 (-9.97%)
Paramount Spinning / Jul 17 Paramount Spinning Mills Limited(PASM)	10.91 ▼ -1.1 (-9.16%)
Power Cem(Pref) / Jul 17 Power Cement (Pref)(POWERPS)	23.62 ▼ -2.36 (-9.08%)
Supernet Tech. / Jul 17 Supernet Technologies Limited(STL)	41.34 ▼ -3.72 (-8.26%)

Stock	Volume
Cnergyico PK / Jul 17 Cnergyico PK Limited(CNERGY)	86,491,992 ▲ 0.19
TPL Properties / Jul 17 TPL Properties Limited(TPLP)	62,545,194 ▼ -0.67
Pak Refinery / Jul 17 Pakistan Refinery Limited(PRL)	38,580,070 ▲ 2.94
WorldCall Telecom / Jul 17 Worldcall Telecom Limited(WTL)	23,499,606 ▼ -0.04
K-Electric Ltd. / Jul 17 K-Electric Limited(KEL)	18,396,866 ▼ -0.24
Lotte Chemical / Jul 17 Lotte Chemical Pakistan Limited(LOTCHEM)	17,830,259 ▼ -1.32
Hascol Petrol / Jul 17 Hascol Petroleum Limited(HASCOL)	14,534,208 ▼ -0.33
B.O.Punjab / Jul 17 The Bank of Punjab(BOP)	12,503,494 ▼ -0.51
TPL REIT Fund I / Jul 17 TPL REIT Fund I(TPLRF1)	11,458,248 ▼ -0.29
PIA Holding Co.Ltd / Jul 17 PIA Holding Company Limited(PIAHCLA)	10,427,355 ▲ 0.51

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