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exchange companies

Two exchange firms: SBP suspends authorisation

KARACHI: The State Bank of Pakistan (SBP) on Friday announced to suspend the Authorization of two Exchange Companies...

Published 19 Nov, 2022 06:00am

ECs can sell 20pc inward remittances to customers: SBP

KARACHI: The State Bank of Pakistan (SBP) has allowed Exchange Companies to sell 20 percent of their inward workers’...

Updated 04 Nov, 2022 09:42am

PKR consideration of CE transactions thru bank accounts made mandatory

KARACHI: In order to promote documentation and transparency in the foreign exchange transactions, the State Bank of...

Updated 01 Oct, 2022 11:04am

Markets

Rupee’s rather stable ride

KARACHI: The rupee closed the previous week with a marginal gain of 0.4%, settling at 214.65 against the US dollar ...

Published 22 Aug, 2022 06:33am

Business & Finance

Remittance disbursement: SBP allows ECs to become sub-agents of ADs

KARACHI: The State Bank of Pakistan (SBP) has allowed Exchange Companies (ECs) to become sub-agent of banks...

Updated 19 Aug, 2022 09:43am

Business & Finance

SBP initiates strict monitoring of forex operations

KARACHI: In order to control the volatility in the exchange rate, the State Bank of Pakistan (SBP) has initiated...

Updated 04 Aug, 2022 10:36am

Inward home remittances: ECs can maintain separate forex accounts for each MTO: SBP

KARACHI: The State Bank of Pakistan (SBP) has allowed the Exchange Companies (ECs) to maintain separate foreign...

Updated 01 May, 2022 09:05am

Markets

SBP allows Exchange Cos to maintain separate foreign currency account for MTOs

In its bid to promote remittances, the State Bank of Pakistan (SBP) has decided to allow Exchange Companies (ECs) to...

Updated 30 Apr, 2022 09:13pm

Markets

Surrender 100% forex: SBP introduces Re1 incentive for Exchange Companies

Move aimed at improving 'liquidity in inter-bank market'

Updated 04 Feb, 2022 08:02pm

FBR set to regulate movement of foreign currencies

ISLAMABAD: The Federal Board of Revenue (FBR) is introducing steps to regulate movement of foreign currencies...

Updated 31 Jan, 2022 10:00am

Purchase of forex by individuals: SBP fixes $100,000 per person per year maximum limit

KARACHI: The State Bank Pakistan (SBP) has fixed a maximum limit of $100,000 (or equivalent in other foreign...

Updated 20 Dec, 2021 10:14am

SBP acts to curb ‘undesirable’ forex outflows

Exchange Companies required to conduct biometric verification for all foreign currency sale transactions equivalent to USD500/- and above and outward remittances

Updated 07 Oct, 2021 11:24am

Tax Laws (Third Amend) Ord: Remittances via MCBs, ECs and MTOs given legal cover

Business & Finance

SBP reduces Exchange Companies SLR requirement

The amount of SLR may be kept in current account maintained with SBP as well as invested in unencumbered approved government securities through SBP’s Subsidiary General Ledger Account (SGLA) facility.

Updated 20 May, 2021 03:56pm

Markets

USD to decline further against PKR; Expert anticipates record Remittances in Eid season

“Each month $300 to $400 million dollars are coming into interbank market through exchange companies which have led to the rise in foreign exchange reserves and strengthen the local currency,” he said.
Malik Bostan informed that Pakistan has become the fourth largest in terms of remittance inflows, with India at the top followed by China and the Philippines.

Published 13 Apr, 2021 02:11pm

Business & Finance

SBP grants Exchange Companies Five days forward sale facility

As per the SBP, forward sale facility may be availed up to maximum five working days (including both transaction and settlement days).

Published 25 Feb, 2021 10:12am

Gainers
Losers
Leaders

Stock	Price
Unicap Modaraba / Dec 10 Unicap Modaraba(UCAPM)	2.84 ▲ 0.94 (49.47%)
Tri-Star Power / Dec 10 Tri-Star Power Limited(TSPL)	5.44 ▲ 1.00 (22.52%)
Invest Bank / Dec 10 Invest Capital Investment Bank Limited(ICIBL)	1.60 ▲ 0.26 (19.40%)
SME Leasing Ltd / Dec 10 SME Leasing Limited(SLL)	2.49 ▲ 0.39 (18.57%)
Paramount Mod / Dec 10 First Paramount Modaraba(FPRM)	7.02 ▲ 1.00 (16.61%)
First Elite Cap.Mod / Dec 10 First Elite Capital Modaraba(FECM)	3.44 ▲ 0.43 (14.29%)
Ist.Capital Sec / Dec 10 First Capital Securities Corporation(FCSC)	1.49 ▲ 0.16 (12.03%)
Cres.Star Ins. / Dec 10 Crescent Star Insurance Limited(CSIL)	1.84 ▲ 0.18 (10.84%)
Media Times Ltd / Dec 10 Media Times Limited(MDTL)	2.25 ▲ 0.22 (10.84%)
GhaniGlobalGlass / Dec 10 Ghani Global Glass Limited(GGGL)	9.30 ▲ 0.85 (10.06%)

Stock	Price
Sec. Inv. Bank / Dec 10 Security Investment Bank Limited(SIBL)	4.30 ▲ -1.00 (-18.87%)
Hira Textile / Dec 10 Hira Textile Mills Limited(HIRAT)	2.40 ▲ -0.48 (-16.67%)
Dewan Sugar / Dec 10 Dewan Sugar Mills Limited(DWSM)	3.29 ▲ -0.62 (-15.86%)
Bilal Fibres / Dec 10 Bilal Fibres Limited(BILF)	3.48 ▲ -0.50 (-12.56%)
Grays Leasing / Dec 10 Grays Leasing Limited(GRYL)	3.06 ▲ -0.39 (-11.30%)
Dewan Textile / Dec 10 Dewan Textile Mills Limited(DWTM)	3.10 ▲ -0.39 (-11.17%)
Kohinoor Spining / Dec 10 Kohinoor Spinning Mills Limited(KOSM)	3.18 ▲ -0.39 (-10.92%)
Chakwal Spinning / Dec 10 Chakwal Spinning Mills Limited(CWSM)	1.81 ▲ -0.21 (-10.40%)
Oilboy Energy / Dec 10 Oilboy Energy Limited(OBOY)	7.81 ▲ -0.73 (-8.55%)
Jahangir Sidd(Pref) / Dec 10 Jahangir Sidd(Pref)(JSCLPSA)	7.20 ▲ -0.65 (-8.28%)

Stock	Volume
WorldCall Telecom / Dec 10 Worldcall Telecom Limited(WTL)	19,265,751 ▼ 0.00
Media Times Ltd / Dec 10 Media Times Limited(MDTL)	14,961,500 ▼ 0.00
Dewan Farooque Sp. / Dec 10 Dewan Farooque Spinning Mills Limited(DFSM)	12,991,000 ▼ 0.00
Hum Network / Dec 10 Hum Network Limited(HUMNL)	11,360,000 ▼ 0.00
GhaniGlobalGlass / Dec 10 Ghani Global Glass Limited(GGGL)	7,345,500 ▼ 0.00
Ghani Glo Hol / Dec 10 Ghani Global Holdings Limited(GGL)	6,055,051 ▼ 0.00
Pace (Pak) Ltd. / Dec 10 Pace (Pakistan) Limited(PACE)	5,800,000 ▼ 0.00
Kohinoor Spining / Dec 10 Kohinoor Spinning Mills Limited(KOSM)	5,376,500 ▼ 0.00
Dewan Motors / Dec 10 Dewan Farooque Motors Limited(DFML)	5,323,000 ▼ 0.00
Ghani Chem. Ind. / Dec 10 Ghani Chemical Industries Limited(GCIL)	4,512,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 9	224.49
USD PKR Interbank Buying / Dec 9	224.50
USD to Japanese Yen / Dec 9	136.78
USD to Swiss Franc / Dec 9	0.94
Pound Sterling to USD / Dec 9	1.23
Euro to USD / Dec 9	1.05
UK LIBOR % / Dec 8	3.82

Stock	Volume
S&P 500 / Dec 9	3966.17
India Sensex / Dec 9	62181.67
Tokyo Nikkei / Dec 9	27901.01
Nasdaq / Dec 9	11065.36
Hang Seng / Dec 9	19498.04
FTSE 100 / Dec 9	7482.93
Dow Jones / Dec 9	33694.59
Germany DAX 30 / Dec 9	14349.72
France CAC40 / Dec 9	6667.27

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 8	16735
Crude Oil USD/Barrel / Dec 9	72.30
Gold 10 Grams PKR / Dec 9	143261
Gold Spot USD/Ounce / Dec 9	1791.34
Cotton US¢/pound / Dec 9	82.88

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