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foreign currency

Moody’s lowers local, foreign currency issuer, unsecured debt ratings to Caa3

ISLAMABAD: Moody’s Investors Service (Moody’s) has downgraded the government of Pakistan’s local and foreign...

Published 01 Mar, 2023 06:21am

Opinion

Outsourcing govt borrowing!

On Friday Feb 24, a news report appeared in this newspaper that the ministry of finance (MoF) is working on a plan ...

Published 27 Feb, 2023 06:17am

Business & Finance

SC asks govt to curb currency smuggling

ISLAMABAD: The Supreme Court directed the federal government to take measures to control the smuggling of foreign...

Published 11 Feb, 2023 06:20am

Editorials

Forex woes

EDITORIAL: Total foreign exchange reserves held by the State Bank of Pakistan (SBP) further declined to 3.08967...

Published 08 Feb, 2023 06:37am

Opinion

At crossroads

Perhaps, no reader will be surprised with the caption of this piece. This heading has acquired the status of a...

Published 31 Jan, 2023 06:01am

Business & Finance

SBP orders dealers to facilitate IT, ITeS exporters

ISLAMABAD: The State Bank of Pakistan has directed authorised dealers to swiftly facilitate IT and ITeS exporters,...

Published 31 Jan, 2023 06:01am

Opinion

Misplaced mercantilism and the case for domestic markets

We are being told that the economy of Pakistan is in absolute free fall. Allegedly, the dominos of economic doom are...

Updated 25 Jan, 2023 06:46am

Pakistan

Passenger held for carrying excessive foreign currency

KARACHI: The Customs officials on Monday recovered substantial quantity of foreign currency from a passenger,...

Published 24 Jan, 2023 06:06am

Opinion

FDI: disastrous policies

This writer has been writing following in response to the news that the Government of Pakistan is considering...

Published 11 Jan, 2023 06:33am

Opinion

How to deal with Pakistan’s forthcoming currency crisis

“There are no solutions. There are only trade-offs.” ? Thomas Sowell Nomura has warned that Pakistan faces currency...

Published 07 Jan, 2023 06:00am

Pakistan

Customs foils bid to smuggle foreign currency

KARACHI: The Collectorate of Customs, Karachi airport, on Monday foiled an attempt to smuggle a substantial amount ...

Published 20 Dec, 2022 05:58am

Business & Finance

BMP exhorts authorities to stop cross-border currency movement

LAHORE: Expressing dissatisfaction over dollar availability for import of raw material the Federation of Pakistan...

Published 19 Dec, 2022 06:00am

Markets

SBP-held foreign exchange reserves fall another $15mn, now stand at $6.7bn

Reserves at their lowest level since January 2019

Published 15 Dec, 2022 07:42pm

Business & Finance

Baggage Rules revised: FBR fixes forex limit for outgoing passengers of 18 years or above

ISLAMABAD: The Federal Board of Revenue (FBR) Tuesday fixed a maximum limit of $5,000 (per visit) and $30,000...

Published 14 Dec, 2022 05:57am

Pakistan

Customs foils currency smuggling attempts

PESHAWAR: On specific directions of the special advisor to PM, Tariq Pasha and Chairman/ Member Customs (ops), FBR...

Published 21 Nov, 2022 05:59am

Markets

What do SBP’s forex control measures mean for travelers

The State Bank of Pakistan (SBP) on Tuesday revised a number of measures to curtail the outflow of foreign currency...

Published 09 Nov, 2022 07:58pm

Import of coal: CPHGC approaches PMO for approval of foreign exchange

ISLAMABAD: M/s China Power Hub Generation Company (Private) Limited (CPHGC) has approached Prime Minister Office...

Published 02 Nov, 2022 04:37am

Markets

Ethiopia restricts banks from issuing foreign currency

ADDIS ABABA: Ethiopia has ordered banks to deny foreign currency to businesses importing non-priority goods, in an...

Published 15 Oct, 2022 06:22pm

Business & Finance

Volatile rouble gives up huge gains

MOSCOW: The rouble weakened on Friday, giving up huge gains that had seen it soar to an eight-year high against the...

Published 03 Oct, 2022 05:52am

Markets

Russian stocks sink, rouble slips vs dollar

MOSCOW: The risk of further Western sanctions sent Russian stocks plunging on Monday to their lowest since Feb. 24,...

Published 27 Sep, 2022 04:06am

Incoming international passengers: Declaration of $10,000 or above forex made mandatory

ISLAMABAD: The Federal Board of Revenue (FBR) has imposed a new restriction on the incoming international passengers...

Updated 21 Sep, 2022 09:47am

Markets

PKR: A woeful week

KARACHI: The rupee had a woeful previous week, losing value in all five sessions for a cumulative fall of over 4% to...

Published 12 Sep, 2022 06:01am

Editorials

PKR: woeful decline

EDITORIAL: The gap between the currency markets — the interbank and the open market — is widening on a daily...

Published 09 Sep, 2022 06:09am

Opinion

Economy: no light at the end of the tunnel

In my personal view a primary problem with regard to Pakistan’s economy is that there is a lack of complete and...

Published 07 Sep, 2022 04:13am

Business & Finance

Sri Lanka widens import ban as economic crisis persists

COLOMBO: Sri Lanka tightened import restrictions Wednesday with a ban on more than 300 additional items, as an...

Published 25 Aug, 2022 06:08am

Business & Finance

Cuba allows foreign investment for first time in 60 years

HAVANA: The Cuban government has announced it will allow foreign investment in domestic wholesale and retail trade...

Updated 18 Aug, 2022 09:28am

Opinion

Exchange rate volatility and exports

The exchange rate is a crucial component of trade and a dynamic macroeconomic determinant. The trade balance is...

Published 03 Aug, 2022 05:50am

Country on the brink of collapse: APTMA

KARACHI: Pakistan is currently on the brink of economic collapse. With depleting foreign currency reserves, rising...

Updated 30 Jul, 2022 09:43am

Business & Finance

Russian rouble recovers past 61 vs dollar after sharp slide

MOSCOW: The Russian rouble strengthened on Friday, heading back past the 61 mark against the dollar and recovering...

Published 09 Jul, 2022 03:57am

Opinion

‘Effective’ energy allocation for export growth

Pakistan’s immense economic potential will remain elusive as long as the most productive sectors that enable...

Published 07 Jul, 2022 05:35am

Gainers
Losers
Leaders

Stock	Price
Trust Mod. / Mar 22 Trust Modaraba(TRSM)	1.70 ▲ 0.48 (39.34%)
Premier Insurance / Mar 22 Premier Insurance Limited(PINL)	7 ▲ 0.75 (12.00%)
Punjab Mod / Mar 22 First Punjab Modaraba(FPJM)	1.55 ▲ 0.14 (9.93%)
Shield Corp. / Mar 22 Shield Corporation Limited(SCL)	227.90 ▲ 15.90 (7.50%)
Shakarganj / Mar 22 Shakarganj Limited(SML)	31.17 ▲ 2.17 (7.48%)
Towellers Ltd. / Mar 22 Towellers Limited(TOWL)	219.25 ▲ 15.20 (7.45%)
Noon Sugar / Mar 22 Noon Sugar Mills Limited(NONS)	54.80 ▲ 3.78 (7.41%)
Hinopak Motor / Mar 22 Hinopak Motors Limited(HINO)	219.45 ▲ 15.05 (7.36%)
Data Textile / Mar 22 Data Textiles Limited(DATM)	3.66 ▲ 0.22 (6.40%)
Mehran Sugar / Mar 22 Mehran Sugar Mills Limited(MRNS)	35.95 ▲ 1.45 (4.20%)

Stock	Price
First Elite Cap.Mod / Mar 22 First Elite Capital Modaraba(FECM)	2.62 ▼ -0.54 (-17.09%)
Jubilee Spinning / Mar 22 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	3 ▼ -0.41 (-12.02%)
Escorts Bank / Mar 22 Escorts Investment Bank Limited(ESBL)	3.16 ▼ -0.32 (-9.20%)
First Pak Mod. / Mar 22 First Pak Modaraba(PAKMI)	1.40 ▼ -0.12 (-7.89%)
Samba Bank / Mar 22 Samba Bank Limited(SBL)	7 ▼ -0.60 (-7.89%)
Bilal Fibres / Mar 22 Bilal Fibres Limited(BILF)	2.27 ▼ -0.19 (-7.72%)
Engro Poly(Pref / Mar 22 Engro Poly(Pref)(EPCLPS)	12 ▼ -0.98 (-7.55%)
S.S.Oil / Mar 22 S.S.Oil Mills Limited(SSOM)	99.30 ▼ -8.05 (-7.50%)
Dawood Lawrencepur / Mar 22 Dawood Lawrencepur Limited(DLL)	201.17 ▼ -16.26 (-7.48%)
Quetta Textile / Mar 22 Quetta Textile Mills Limited(QUET)	15.75 ▼ -1.27 (-7.46%)

Stock	Volume
Fauji Cement / Mar 22 Fauji Cement Company Limited(FCCL)	15,813,500 ▲ 0.05
WorldCall Telecom / Mar 22 Worldcall Telecom Limited(WTL)	6,046,419 ▲ 0.01
Fauji Foods Ltd / Mar 22 Fauji Foods Limited(FFL)	5,117,637 ▲ 0.20
Cnergyico PK / Mar 22 Cnergyico PK Limited(CNERGY)	4,848,036 ▼ -0.07
Unity Foods Ltd / Mar 22 Unity Foods Limited(UNITY)	4,691,640 ▼ -0.20
Pak Elektron / Mar 22 Pak Elektron Limited(PAEL)	4,522,500 ▼ -0.11
Hascol Petrol / Mar 22 Hascol Petroleum Limited(HASCOL)	4,470,500 ▲ 0.01
TPL Properties / Mar 22 TPL Properties Limited(TPLP)	4,391,678 ▼ -0.09
Ghani Glo Hol / Mar 22 Ghani Global Holdings Limited(GGL)	4,311,148 ▲ 0.15
Loads Limited / Mar 22 Loads Limited(LOADS)	4,188,000 ▼ -0.23

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	283.70
USD PKR Interbank Buying / Mar 22	283.25
USD to Japanese Yen / Mar 22	132.42
USD to Swiss Franc / Mar 22	0.92
Pound Sterling to USD / Mar 22	1.22
Euro to USD / Mar 22	1.08
UK LIBOR % / Mar 21	4.56

Stock	Volume
S&P 500 / Mar 21	4002.87
Nasdaq / Mar 21	11860.11
FTSE 100 / Mar 21	7536.22
Dow Jones / Mar 21	32560.60
Germany DAX 30 / Mar 21	15195.34
France CAC40 / Mar 21	7112.91
India Sensex / Mar 22	58196.91
Tokyo Nikkei / Mar 22	27459.77
Hang Seng / Mar 22	19685.51

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 21	177726
Crude Oil USD/Barrel / Mar 22	69.01
Gold Spot USD/Ounce / Mar 22	1940.41
Cotton US¢/pound / Mar 22	77.98

foreign currency

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