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foreign exchange

IPPs: Power Div asked to resolve payment issues on priority basis

ISLAMABAD: Prime Minister’s Office (PMO) has asked Power Division to convene a meeting of Steering Committee on...

Updated 22 Mar, 2023 08:59am

Markets

Remittances clock in at $2bn in February, down 9.5% on a yearly basis

Inflow, however, recovers marginally on month-on-month basis

Updated 10 Mar, 2023 07:17pm

Business & Finance

Containers stuck at ports: ECC seeks report on waiver of storage charges

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed Ministry of Maritime Affairs (MOMA)...

Updated 09 Mar, 2023 08:53am

Forex manipulation: SBP governor says probe against banks completed

ISLAMABAD: Governor of the State Bank of Pakistan (SBP) Jameel Ahmad on Wednesday said that the inquiry report...

Updated 09 Mar, 2023 08:55am

Rs12bn will be given for 7th Census: ECC approves Hajj Policy 2023 with $90m forex cover

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved the Hajj Policy for 2023 with...

Updated 07 Mar, 2023 08:50am

Business & Finance

SBP expedites proceedings against exporters for realisation of e-forms

LAHORE: The State Bank of Pakistan (SBP) has expedited proceedings against exporters for realization of E-forms by...

Published 04 Mar, 2023 06:50am

Charges on stuck cargoes waived off: ECC approves uniform wheat support price

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved a uniform procurement price of ...

Updated 02 Mar, 2023 09:19am

Opinion

The exchange rate: a steady hum of discontent

No economic variable captures the popular imagination in Pakistan more than the exchange rate. After Pakistan moved...

Published 28 Feb, 2023 06:15am

FBR asks Customs to deposit confiscated foreign currencies in NBP

ISLAMABAD: The Federal Board of Revenue (FBR) has directed the customs authorities to deposit the confiscated ...

Updated 27 Feb, 2023 08:41am

Equipment import: IPPs seek amendment to SBP’s circular

ISLAMABAD: Independent Power Producers (IPPs) have sought amendment to State Bank of Pakistan (SBP) Circular of...

Updated 25 Feb, 2023 09:00am

Markets

Minor relief: SBP-held foreign exchange reserves rise $66mn, now stand at $3.26bn

This is the second successive weekly increase in central bank's reserves

Published 23 Feb, 2023 07:40pm

Forex reserves to get much-needed boost: China lends a hand amid IMF procrastination

Board of China Development Bank approves facility of $700 million

Updated 23 Feb, 2023 09:24am

Pakistan

Pakistan may need debt adjustment despite IMF support: Barclays

In its report 'Payment halt a possibility', Barclays says lack of new bilateral financing agreements reflects Pakistan’s complex political environment & macroeconomic instability

Updated 22 Feb, 2023 05:21pm

Pakistan

China Development Bank approves $700mn facility for Pakistan: Dar

Amount expected to be recieved by SBP this week, says finance minister

Updated 22 Feb, 2023 09:06pm

Markets

Minor relief: SBP-held foreign exchange reserves rise $276mn, now stand at $3.19bn

Total liquid foreign reserves held by the country clock in at $8.7 billion

Published 16 Feb, 2023 07:51pm

Opinion

The challenge of SOEs — II

The SOEs (State-Owned Enterprises) are generally being run at the whim of a chosen few, who are beholden to no ...

Published 16 Feb, 2023 06:08am

SBP takes steps aimed at timely realisation of export proceeds

Has decided to initiate necessary action in all those cases where full export proceeds are not realized within prescribed time period as defined Foreign Exchange Manual

Updated 15 Feb, 2023 12:34pm

Purchases by Discos from net metering consumers: Nepra trashes plan to revise power rates

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has trashed its plan to revise rates of...

Updated 15 Feb, 2023 09:07am

Business & Finance

Thar power project: Minister vows to provide all facilities to investors

KARACHI: Sindh Energy Minster Imtiaz Ahmed Shaikh on Sunday said that Thar Coal Power Project was the best resource...

Published 13 Feb, 2023 06:26am

Industry yet to export any amount of sugar

ISLAMABAD: The country’s sugar industry has not yet been able to export any amount of sugar out of 250,000 tons...

Updated 04 Feb, 2023 09:29am

Dar approves proposal to raise $2bn from expats

KARACHI: As Pakistan is grappled with economic challenges, Finance Minister Ishaq Dar Thursday approved a proposal...

Updated 03 Feb, 2023 08:58am

Business & Finance

PAMA, PAAPAM apprise SBP governor about problems facing the auto industry

KARACHI: The Pakistan Automotive Manufacturers (PAMA) and the Pakistan Association of Automotive Parts and...

Published 03 Feb, 2023 06:17am

Markets

Highly critical: SBP-held foreign exchange reserves plunge $592mn, now stand at mere $3.09bn

Reserves fall due to external debt repayments, says central bank

Updated 02 Feb, 2023 08:28pm

Markets

Pakistan’s textile exports significantly decline in January: APTMA

Pakistan’s textile sector exports witnessed a significant decline of 12.4%, clocking in at $1.36 billion in January...

Updated 02 Feb, 2023 06:50pm

Business & Finance

PKR slide likely to fuel inflation in a big way

ISLAMABAD: The depreciation of Pak rupee by 13.5 percent by Friday in the interbank rate will raise inflation to 35...

Updated 30 Jan, 2023 09:26am

Business & Finance

KATI chairman concerned at rupee slide

KARACHI: President of Korangi Association of Trade and Industry (KATI) Faraz-ur-Rehman expressed his concern over...

Published 28 Jan, 2023 06:20am

Signing of deal in March: Refineries to get Russian oil by April-end

Russian and Pakistani companies would sign agreements on spot purchase and long-term LNG contracts under the energy security plan

Updated 27 Jan, 2023 09:02am

Markets

Alarm bells: SBP-held foreign exchange reserves plunge $923mn, now stand at mere $3.7bn

Liquid foreign reserves held by the country now stand at $9.5bn

Updated 26 Jan, 2023 08:35pm

ECs lift cap on dollar rate

KARACHI: The Exchange Companies Association of Pakistan (ECAP) has announced removal of price cap on exchange rate...

Updated 25 Jan, 2023 08:51am

Cabinet for strategy to avert recurrence of power outages

ISLAMABAD: The federal cabinet has ordered preparation of a comprehensive strategy to prevent significant ...

Updated 25 Jan, 2023 08:54am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Mar 26 786 Investments Limited(786)	4.95 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Mar 26 Al-Abbas Sugar Mills Limited(AABS)	361.20 ▼ 0.00 (0.00%)
Agro Allianz / Mar 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Mar 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Mar 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Mar 26 Allied Bank Limited(ABL)	62.50 ▼ 0.00 (0.00%)
Abbott Lab. / Mar 26 Abbott Laboratories (Pakistan) Limited(ABOT)	398.28 ▼ 0.00 (0.00%)
Abson Ind. / Mar 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Mar 26 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▼ 0.00 (0.00%)
Attock Cement / Mar 26 Attock Cement Pakistan Limited(ACPL)	56.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Mar 26 786 Investments Limited(786)	4.95 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Mar 26 Al-Abbas Sugar Mills Limited(AABS)	361.20 ▲ 0.00 (0.00%)
Agro Allianz / Mar 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Mar 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Mar 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Mar 26 Allied Bank Limited(ABL)	62.50 ▲ 0.00 (0.00%)
Abbott Lab. / Mar 26 Abbott Laboratories (Pakistan) Limited(ABOT)	398.28 ▲ 0.00 (0.00%)
Abson Ind. / Mar 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Mar 26 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▲ 0.00 (0.00%)
Attock Cement / Mar 26 Attock Cement Pakistan Limited(ACPL)	56.07 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Mar 26 Worldcall Telecom Limited(WTL)	4,011,170 ▲ 0.00
Telecard Limited / Mar 26 Telecard Limited(TELE)	3,877,000 ▲ 0.00
TPL Properties / Mar 26 TPL Properties Limited(TPLP)	1,839,174 ▲ 0.00
Pak Elektron / Mar 26 Pak Elektron Limited(PAEL)	1,788,500 ▲ 0.00
Fauji Cement / Mar 26 Fauji Cement Company Limited(FCCL)	1,517,500 ▲ 0.00
Ghani Glo Hol / Mar 26 Ghani Global Holdings Limited(GGL)	1,464,753 ▲ 0.00
TRG Pak Ltd / Mar 26 TRG Pakistan Limited(TRG)	1,323,297 ▲ 0.00
Cnergyico PK / Mar 26 Cnergyico PK Limited(CNERGY)	1,307,610 ▲ 0.00
Fauji Foods Ltd / Mar 26 Fauji Foods Limited(FFL)	1,204,138 ▲ 0.00
Hascol Petrol / Mar 26 Hascol Petroleum Limited(HASCOL)	1,161,000 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	285.50
USD PKR Interbank Buying / Mar 22	283.20
USD to Japanese Yen / Mar 24	130.73
USD to Swiss Franc / Mar 24	0.92
Pound Sterling to USD / Mar 24	1.22
Euro to USD / Mar 24	1.08
UK LIBOR % / Mar 22	4.56

Stock	Volume
S&P 500 / Mar 24	3970.99
India Sensex / Mar 24	57527.10
Tokyo Nikkei / Mar 24	27385.25
Nasdaq / Mar 24	11823.96
Hang Seng / Mar 24	19915.68
FTSE 100 / Mar 24	7405.45
Dow Jones / Mar 24	32237.53
Germany DAX 30 / Mar 24	14957.23
France CAC40 / Mar 24	7015.10

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 22	175068
Crude Oil USD/Barrel / Mar 24	69.26
Gold Spot USD/Ounce / Mar 24	1978.21
Cotton US¢/pound / Mar 24	76.54

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