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foreign currency

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

Business & Finance

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	278.55
USD PKR Interbank Buying / May 16	278.25
USD to Japanese Yen / May 16	154.33
USD to Swiss Franc / May 16	0.90
Pound Sterling to USD / May 16	1.27
Euro to USD / May 16	1.09

Stock	Volume
S&P 500 / May 15	5308.15
Nasdaq / May 15	16742.39
FTSE 100 / May 15	8445.80
Dow Jones / May 15	39908
Germany DAX 30 / May 15	18869.36
France CAC40 / May 15	8239.99
India Sensex / May 16	72771.48
Tokyo Nikkei / May 16	38920.26

Item	Value
Gold 10 Grams PKR / May 15	209191
Petrol/Litre / May 16	273.10
Crude Oil USD/Barrel / May 16	78.95
Karachi Cotton PKR/37.32 KG / May 16	19935
Gold Spot USD/Ounce / May 16	2388.50
Diesel/Litre / May 16	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 16 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 16 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 16 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 16 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 16 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 16 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 16 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 16 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 16 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 16 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 16 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 16 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 16 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 16 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 16 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 16 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 16 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 16 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 16 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 16 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 16 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 16 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 16 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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