Trends - foreign currency - Business Recorder

foreign currency

A healthy transformation?

Last month, the State Bank of Pakistan discontinued the reporting of ‘FE-25 Deposits and their Utilization’...

Published 10 Oct, 2024 08:41am

Business & Finance

FE-25 deposits: SBP drops monthly reporting requirement

KARACHI: The State Bank of Pakistan (SBP) has discontinued the monthly reporting of “FE-25 Deposits and their...

Published 06 Sep, 2024 07:04am

Business & Finance

Rouble weakens amid stronger demand for foreign currency

MOSCOW: The Russian rouble weakened against the dollar on Friday as demand for foreign currency edged up, with some...

Published 12 Aug, 2024 06:36am

Markets

Gold jewellery, foreign currency worth Rs190m seized JIAP

KARACHI: Pakistan Customs officials claimed to have seized gold jewellery and foreign currency worth Rs 190 million...

Published 03 May, 2024 06:29am

BR Research

Ramazan and the remittance rush

Remittances hold a crucial place in Pakistan’s economy. So crucial that the remittances in Pakistan have been...

Published 15 Apr, 2024 08:12am

World

World Bank group to provide Egypt with $6bn over three years

CAIRO: The World Bank Group said on Monday it intends to provide more than $6 billion of support over the coming...

Published 19 Mar, 2024 04:53am

Business & Finance

Illegal currency business thriving in the garb of real estate deals

LAHORE: Illegal foreign currency business is thriving under the garb of real estate deals, said sources from the...

Published 31 Jan, 2024 05:22am

Forex repatriation against remittances: Govt striving to ink G2G pact with Saudi Arabia, UAE

ISLAMABAD: The government is reportedly making hectic efforts for a government-to-government (G2G) agreement with...

Updated 23 Jan, 2024 09:41am

PM urges business community to take advantage of SIFC

KARACHI: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Thursday, reiterating the government’s commitment to...

Updated 08 Dec, 2023 08:59am

Opinion

Foreign currency requirement for taming inflation

In the year 2016 an operational limit to the debt-ceiling was introduced whereby the annual federal deficit...

Updated 30 Nov, 2023 05:17am

Business & Finance

Foreign currency deals during 2021, 2022: FBR to impose 40pc additional tax on windfall profits of banks

ISLAMABAD: The Federal Board of Revenue (FBR) will shortly issue a statutory regulatory order (SRO) to impose 40...

Published 22 Nov, 2023 05:48am

Markets

Open-market: rupee registers gain against US dollar

Updated 16 Nov, 2023 05:35pm

Business & Finance

Windfall income of banks: SRO will be issued to impose 40pc additional tax

ISLAMABAD: The Federal Board of Revenue (FBR) will issue a Statutory Regulatory Order (SRO) to impose 40 percent...

Published 16 Nov, 2023 05:39am

BR Research

Remittance respite

Remittances to the country stood at $2.5 billion in October 2023, which is 9.6 percent up from the previous month...

Published 13 Nov, 2023 06:47am

Pakistan

Torkham border: smuggling of foreign currency foiled

PESHAWAR: Customs authorities have foiled smuggling of foreign currency in two different operations at Torkham...

Published 13 Nov, 2023 06:31am

Markets

Japanese rubber futures up

SINGAPORE; Japanese rubber futures rose to a two-week high on Friday, buoyed by a softer yen and yuan, although...

Published 12 Nov, 2023 03:14am

Business & Finance

Discos’ infrastructure: Significant investment needed: ADB

ISLAMABAD: Asian Development Bank (ADB) has said that significant investment is required in critical infrastructure...

Published 02 Nov, 2023 03:15am

PPIB urges SBP to clear $700m dues of power projects

ISLAMABAD: Private Power & Infrastructure Board (PPIB) has urged State Bank of Pakistan (SBP) to clear pending...

Updated 02 Oct, 2023 10:00am

Markets

Open-market: rupee improves slightly against US dollar

Quoted at 296 for selling and 293 for buying purposes, according to ECAP data

Updated 21 Sep, 2023 05:57pm

Markets

Open-market: rupee slips lower against US dollar

Settles at 297 and 294 on Wednesday, according to ECAP data

Updated 20 Sep, 2023 05:51pm

BR Research

Banks’ entry into retail forex: need of the hour

Earlier this week, banks presidents had a meeting with finance minister, governor SBP, and a senior officer of an...

Updated 20 Sep, 2023 10:27am

Editorials

Forex market has lost its moorings?

EDITORIAL: There was too much chaos in multiple forex markets in the last few days and weeks. It all started with ...

Published 08 Sep, 2023 06:01am

Pakistan

FIA recovers foreign currency

PESHAWAR: FIA Commercial Banking Circle Peshawar on Saturday arrested three suspects involved in the illegal ...

Published 27 Aug, 2023 03:05am

Business & Finance

Interbank, open market: Import of cash USD to help narrow rate differences: expert

KARACHI: The permission of import of cash US dollars by Exchange Companies (ECs) will increase the dollar inflows...

Updated 27 Jul, 2023 09:23am

Opinion

Inward forex cash flows: from 2023-24 to 2027-28

The IMF (International Monetary Fund) issued ‘Request For Stand-By Arrangement’ in July 2023. The IMF has again...

Updated 25 Jul, 2023 07:01am

Opinion

The cost of anti-export bias

Our country in general and our bureaucracy in particular have a strange bias against exports and a particular...

Published 13 Jun, 2023 06:00am

Business & Finance

Chief Collector Customs (South) visits KATI ‘Efforts on to solve problems of business community on priority’

KARACHI: Chief Collector Customs (South) Ashad Javed has said that the industry is currently going through a...

Published 13 Jun, 2023 06:00am

Opinion

Tax on undistributable reserves: disclosure in financial statements

The issue under consideration is the accounting disclosure for the portion of the revenue reserves that are declared...

Published 02 Jun, 2023 03:56am

Country receives $15.4bn in financing during Jul-Apr

ISLAMABAD: The country received $15.4 billion in financing during the first 10 months (July-April) of the current...

Updated 21 May, 2023 03:24pm

Business & Finance

Egypt inflation seen hitting all-time high in March

CAIRO: Egypt’s headline inflation rate is set to hit an all-time high in March, a Reuters poll showed on Thursday,...

Published 10 Apr, 2023 06:45am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 15	281.68
USD PKR Interbank Buying / May 15	281.43
USD to Japanese Yen / May 15	145.80
USD to Swiss Franc / May 15	0.84
Pound Sterling to USD / May 15	1.33
Euro to USD / May 15	1.12
UK LIBOR % / May 14	4.96

Stock	Volume
S&P 500 / May 14	5,892.58
Nasdaq / May 14	19,146.81
Dow Jones / May 14	42,051.06
India Sensex / May 15	80,937.53
Tokyo Nikkei / May 15	37,755.51
Hang Seng / May 15	23,453.16
FTSE 100 / May 15	8,561.58
Germany DAX 30 / May 15	23,462.44
France CAC40 / May 15	7,814.71

Item	Value
Karachi Cotton PKR/37.32 KG / May 14	16,985
Gold 10 Grams PKR / May 14	293,124
Petrol/Litre / May 15	252.63
Crude Oil USD/Barrel / May 15	60.66
Gold Spot USD/Ounce / May 15	3,162.99
Diesel/Litre / May 15	256.64
Cotton US¢/pound / May 15	65.21

Gainers
Losers
Leaders

Stock	Price
Cres.Star Ins. / May 15 Crescent Star Insurance Limited(CSIL)	3 ▲ 0.39 (14.94%)
Premier Insurance / May 15 Premier Insurance Limited(PINL)	5.90 ▲ 0.7 (13.46%)
Ghani Chemworld / May 15 Ghani Chemworld Limited(GCWL)	9.14 ▲ 1 (12.29%)
Dewan Mushtaq / May 15 Dewan Mushtaq Textile Mills Limited(DMTM)	9.83 ▲ 1 (11.33%)
Hala Enterprise / May 15 Hala Enterprises Limited(HAEL)	13.26 ▲ 1.21 (10.04%)
P.T.C.L. / May 15 Pakistan Telecommunication Company Ltd(PTC)	22.06 ▲ 2.01 (10.02%)
Arctic Textile / May 15 Arctic Textile Mills Limited(ARCTM)	23.63 ▲ 2.15 (10.01%)
AN Textile Mills / May 15 AN Textile Mills Limited(ANTM)	11.87 ▲ 1.08 (10.01%)
Octopus Digital / May 15 Octopus Digital Limited(OCTOPUS)	52.09 ▲ 4.74 (10.01%)
Flying Cement / May 15 Flying Cement Company Limited(FLYNG)	49.46 ▲ 4.5 (10.01%)

Stock	Price
Tariq Corp.Pref. / May 15 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.11 ▼ -1 (-12.33%)
Baba Farid Sugar / May 15 Baba Farid Sugar Mills Limited(BAFS)	52.60 ▼ -5.83 (-9.98%)
TPL Life Insur. / May 15 TPL Life Insurance Limited(TPLL)	46.80 ▼ -4.5 (-8.77%)
Reliance Weaving / May 15 Reliance Weaving Mills Limited(REWM)	101 ▼ -8.95 (-8.14%)
Hussain Industries / May 15 Husein Industries Limited(HUSI)	27.10 ▼ -2.19 (-7.48%)
Sanghar Sugar / May 15 Sanghar Sugar Mills Limited(SANSM)	55.68 ▼ -4.26 (-7.11%)
Ashfaq Textile / May 15 Ashfaq Textile Mills Limited(ASHT)	12.12 ▼ -0.9 (-6.91%)
Tri-Star Mutual / May 15 Tri-Star Mutual Fund Limited(TSMF)	8.20 ▼ -0.6 (-6.82%)
First Elite Cap.Mod / May 15 First Elite Capital Modaraba(FECM)	18.35 ▼ -1.3 (-6.62%)
Punjab Oil / May 15 Punjab Oil Mills Limited(POML)	186 ▼ -12.36 (-6.23%)

Stock	Volume
Pak Refinery / May 15 Pakistan Refinery Limited(PRL)	42,298,208 ▲ 2.31
K-Electric Ltd. / May 15 K-Electric Limited(KEL)	39,910,027 ▲ 0.15
Cnergyico PK / May 15 Cnergyico PK Limited(CNERGY)	36,498,382 ▲ 0.39
At-Tahur Ltd. / May 15 At-Tahur Limited(PREMA)	29,554,538 ▲ 4.48
Kohinoor Spining / May 15 Kohinoor Spinning Mills Limited(KOSM)	26,168,489 ▲ 0.26
Sui South Gas / May 15 Sui Southern Gas Company Limited(SSGC)	21,692,414 ▲ 1.18
Waves Corporation / May 15 Waves Corporation Limited(WAVES)	21,072,318 ▲ 0.31
B.O.Punjab / May 15 The Bank of Punjab(BOP)	15,549,249 ▲ 0.11
Pak Petroleum / May 15 Pakistan Petroleum Limited(PPL)	15,202,377 ▲ 3.44
WorldCall Telecom / May 15 Worldcall Telecom Limited(WTL)	14,463,420 ▲ 0.04

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