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exchange companies

Exchange cos welcome their inclusion in PRI

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

Updated 02 Jul, 2025 11:24am

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

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

Updated 01 Jul, 2025 08:44am

Opinion

‘Unconstitutional’ windfall tax—II

Discriminatory without intelligible differentia [Points 7 & 8] The Supreme Court of Pakistan in Federation of...

Published 30 Mar, 2025 06:17am

ECs handled around $7bn forex in 2024

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

Updated 03 Jan, 2025 08:50am

Business & Finance

ECAP supports SBP’s new framework for exchange firms

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

Published 31 Dec, 2024 06:32am

SBP unveils updated regulatory framework for ECs

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

Updated 28 Dec, 2024 09:30am

Remittances: Two incentives available to banks and ECs now

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

Updated 09 Oct, 2024 09:04am

Two remittance incentive schemes: ECC approves revisions

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Thursday approved revisions to the two...

Updated 30 Aug, 2024 08:51am

Business & Finance

Exchange companies: SBP extends cash USD import facility till June 30th

KARACHI: The State Bank of Pakistan (SBP) on Friday has extended import facility of cash US dollar by the Exchange...

Updated 30 Mar, 2024 08:49am

Business & Finance

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

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

Updated 23 Mar, 2024 02:52pm

Business & Finance

Authorisation of 3 exchange firms suspended

KARACHI: The State Bank of Pakistan (SBP) has suspends the authorisation of three Exchange Companies on Tuesday....

Published 14 Feb, 2024 02:34am

Markets

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Exchange Companies Association of Pakistan on...

Published 31 Jan, 2024 06:06am

Opinion

The slowdown in real economy

Over the past month, it seems that the feel-good factor has returned. The stock market is in a bullish run and the...

Updated 13 Nov, 2023 12:16pm

Editorials

First staff review negotiations with IMF

EDITORIAL: The International Monetary Fund team (IMF) is currently in Pakistan for the first scheduled Stand-By...

Published 08 Nov, 2023 05:42am

Business & Finance

Exchange companies: SBP gives NOC to Habib Metropolitan Bank

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

Updated 30 Oct, 2023 05:11pm

Markets

Bank of Punjab considers wholly-owned Exchange Company

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

Published 30 Oct, 2023 11:46am

Business & Finance

Exchange companies: SBP gives NOCs to Allied Bank, MCB Bank

KARACHI: The State Bank of Pakistan (SBP) has issued the no-objection certificate (NOC) to Allied Bank Limited for...

Published 28 Oct, 2023 05:58am

Business & Finance

Askari Bank latest to establish wholly-owned Exchange Company

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

Updated 27 Oct, 2023 10:57pm

Markets

Goldman’s analysts say Pak rupee rally to be ‘short lived’: report

Analysts at Goldman Sachs Group Inc, a global investment bank and financial services company, have warned that gains...

Updated 26 Oct, 2023 10:44pm

Markets

‘B’ Category: Authorisation of 5 forex cos suspended

KARACHI: The State Bank of Pakistan (SBP) on Wednesday suspended the authorization of five Exchange Companies of ‘B’...

Updated 12 Oct, 2023 09:58am

Markets

Habib Metropolitan Bank says it will establish wholly-owned EC

The Board of Directors of Habib Metropolitan Bank (HMB), a subsidiary of Habib Bank AG Zurich – Switzerland,...

Published 10 Oct, 2023 05:44pm

Opinion

Real reforms in sight?

The initial signs of real reforms are in sight. This includes crackdown on smuggling of goods and currencies through...

Updated 09 Oct, 2023 09:35am

Business & Finance

IMF programme: Govt will deliver to secure $700m under SBA: Shamshad

ISLAMABAD: The caretaker government will deliver on the International Monetary Fund (IMF) programme to secure $700...

Updated 03 Oct, 2023 06:23am

Business & Finance

SBP suspends authorisation of two exchange companies

KARACHI: The State Bank of Pakistan (SBP) has suspended, with immediate effect, the authorization of an Exchange...

Published 26 Sep, 2023 06:33am

Markets

Bank AL Habib says will establish wholly-owned Exchange Company

Becomes fourth bank in recent weeks to make this announcement

Updated 22 Sep, 2023 10:40pm

ECs have no role in volatile exchange rate: Bostan

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

Updated 20 Sep, 2023 10:43am

Meezan Bank says it will establish wholly-owned Exchange Company

Business & Finance

Markets

SBP wants banks engaged in forex business to establish wholly-owned Exchange Companies

Amid rupee's freefall in open market, SBP moves to introduce structural reforms in sector

Updated 06 Sep, 2023 11:41pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 10	284.60
USD PKR Interbank Buying / Jul 10	284.40
USD to Japanese Yen / Jul 10	146.33
USD to Swiss Franc / Jul 10	0.79
Pound Sterling to USD / Jul 10	1.36
Euro to USD / Jul 10	1.17
UK LIBOR % / Jul 9	4.96

Stock	Volume
S&P 500 / Jul 9	6,263.26
Nasdaq / Jul 9	20,608.23
Dow Jones / Jul 9	44,458.30
India Sensex / Jul 10	83,178.25
Tokyo Nikkei / Jul 10	39,635.72
Hang Seng / Jul 10	23,993.59
FTSE 100 / Jul 10	8,954.79
Germany DAX 30 / Jul 10	24,594.32
France CAC40 / Jul 10	7,915.95

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 9	16,585
Gold 10 Grams PKR / Jul 9	301,354
Petrol/Litre / Jul 10	266.79
Crude Oil USD/Barrel / Jul 10	68.49
Gold Spot USD/Ounce / Jul 10	3,325.15
Diesel/Litre / Jul 10	272.98
Cotton US¢/pound / Jul 10	67.73

Gainers
Losers
Leaders

Stock	Price
First IBL Mod. / Jul 10 First IBL Modaraba(FIBLM)	5.60 ▲ 1 (21.74%)
Dewan Farooque Sp. / Jul 10 Dewan Farooque Spinning Mills Limited(DFSM)	7.61 ▲ 1 (15.13%)
Premier Insurance / Jul 10 Premier Insurance Limited(PINL)	8.30 ▲ 1 (13.7%)
Kohinoor Ind. / Jul 10 Kohinoor Industries Limited(KOIL)	14.80 ▲ 1.35 (10.04%)
Azgard Nine / Jul 10 Azgard Nine Limited(ANL)	12.71 ▲ 1.16 (10.04%)
B.O.Punjab / Jul 10 The Bank of Punjab(BOP)	13.05 ▲ 1.19 (10.03%)
Invest Bank / Jul 10 Invest Capital Investment Bank Limited(ICIBL)	12.40 ▲ 1.13 (10.03%)
Habib Insurance / Jul 10 Habib Insurance Company Limited(HICL)	11.52 ▲ 1.05 (10.03%)
J.A.Textile / Jul 10 J.A. Textile Mills Limited(JATM)	29.76 ▲ 2.71 (10.02%)
Beco Steel Ltd / Jul 10 Beco Steel Limited(BECO)	28.89 ▲ 2.63 (10.02%)

Stock	Price
TPL Trakker Ltd / Jul 10 TPL Trakker Limited(TPLT)	8.02 ▼ -1 (-11.09%)
Trust Mod. / Jul 10 Trust Modaraba(TRSM)	8.72 ▼ -1 (-10.29%)
Ashfaq Textile / Jul 10 Ashfaq Textile Mills Limited(ASHT)	23.78 ▼ -2.57 (-9.75%)
Din Tex. / Jul 10 Din Textile Mills Limited(DINT)	103.50 ▼ -11.1 (-9.69%)
Sana Ind / Jul 10 Sana Industries Limited(SNAI)	26.22 ▼ -2.73 (-9.43%)
Pak Datacom / Jul 10 Pak Datacom Limited(PAKD)	296.49 ▼ -29.98 (-9.18%)
F.Credit & Inv / Jul 10 First Credit and Investment Bank Limited(FCIBL)	16.30 ▼ -1.62 (-9.04%)
Haseeb Waqas / Jul 10 Haseeb Waqas Sugar Mills Limited(HWQS)	20.50 ▼ -2.03 (-9.01%)
Crescent Fib. / Jul 10 Crescent Fibres Limited(CFL)	44.01 ▼ -4.31 (-8.92%)
Pakistan Services / Jul 10 Pakistan Services Limited(PSEL)	760 ▼ -73.57 (-8.83%)

Stock	Volume
B.O.Punjab / Jul 10 The Bank of Punjab(BOP)	155,204,034 ▲ 1.19
Kohinoor Spining / Jul 10 Kohinoor Spinning Mills Limited(KOSM)	54,987,041 ▲ 0.3
Hascol Petrol / Jul 10 Hascol Petroleum Limited(HASCOL)	33,228,374 ▲ 0.85
Fast Cables / Jul 10 Fast Cables Limited(FCL)	32,586,162 ▲ 0.88
WorldCall Telecom / Jul 10 Worldcall Telecom Limited(WTL)	21,556,190 ▼ -0.02
Ghani Chemworld / Jul 10 Ghani Chemworld Limited(GCWL)	21,385,221 ▼ -0.8
Invest Bank / Jul 10 Invest Capital Investment Bank Limited(ICIBL)	20,861,643 ▲ 1.13
Aisha Steel Mill / Jul 10 Aisha Steel Mills Limited(ASL)	19,609,398 ▲ 0.19
Big Bird Foods / Jul 10 Big Bird Foods Limited(BBFL)	16,772,554 ▲ 1.25
Secure Logistics / Jul 10 Secure Logistics Group Limited(SLGL)	16,382,855 ▲ 0.48

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