Trends - foreign exchange reserves

foreign exchange reserves

Cash margin requirement on goods import removed

KARACHI: The State Bank of Pakistan (SBP) Friday announced the removal of Cash Margin Requirement (CMR) on import of...

Updated 25 Mar, 2023 08:49am

Forex reserves cross $10bn mark

KARACHI: The country‘s total liquid foreign exchange reserves crossed the $10 billion mark supported by foreign...

Updated 25 Mar, 2023 08:50am

Markets

SBP-held forex reserves increase $280mn, now stand at $4.6bn

This is the sixth successive increase in reserves on a weekly basis

Updated 24 Mar, 2023 05:08pm

Business & Finance

Jul-Feb CA declines 68pc YoY

KARACHI: The country’s current account deficit narrowed by 68 percent during the first eight months of this fiscal...

Published 21 Mar, 2023 06:29am

Business & Finance

Enhancement in exports requires wide structural reforms, says BMP

LAHORE: The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel stressing the need for...

Published 20 Mar, 2023 06:56am

Business & Finance

Pakistan receives $500m from China’s ICBC bank

KARACHI: Pakistan has received a loan tranche from China of $500 million that will help the country shore up its...

Published 18 Mar, 2023 06:14am

Business & Finance

PNSC, ENAR Petroleum Refining Facility sign MoU

KARACHI: In pursuance to explore avenues for reduction in operational costs of the corporation, a Memorandum of...

Published 17 Mar, 2023 06:15am

Business & Finance

Forex reserves up by $93m

KARACHI: The country’s total liquid foreign exchange reserves rose by $93 million during the last week. According...

Published 17 Mar, 2023 06:15am

Editorials

Bank borrowing

EDITORIAL: Bank deposits grew by 15 percent in one year to 22.92 trillion rupees in February 2023 compared to 19.91...

Published 16 Mar, 2023 06:01am

Business & Finance

Lotte Chemical to suspend plant operations today

KARACHI: The Lotte Chemical Pakistan Limited has decided to temporarily suspend its plant operations from Wednesday...

Published 15 Mar, 2023 06:01am

Opinion

Shape up or ship out!

For the past few months, there has been significant concern and consternation over the possibility of a Pakistani...

Published 12 Mar, 2023 05:55am

SBP informs Senate panel: Forex’s fall has led to 28.2pc PKR slump in FY23 so far

ISLAMABAD: The country’s foreign exchange reserves are at present below one month of imports. This led to an...

Updated 12 Mar, 2023 03:54pm

Business & Finance

PIDE’s first-ever EconFest held: Country needs to boost exports to $100bn in 5-8 years: minister

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives, Ahsan Iqbal has said Pakistan needs ...

Published 12 Mar, 2023 05:55am

Business & Finance

Country to be on brink of default for foreseeable future: FPCCI

KARACHI: President of the FPCCI Irfan Iqbal Sheikh has stressed that it is the collective wisdom of the entire...

Published 10 Mar, 2023 03:46am

Markets

On back of another Chinese loan, SBP-held forex reserves increase $487mn, now stand at $4.3bn

This is the fourth successive increase in central bank-held reserves on weekly basis

Updated 09 Mar, 2023 09:33pm

Editorials

Soaring debt

EDITORIAL: The government’s total debt stock rose to 55 trillion rupees by end January 2023 as per data released ...

Published 09 Mar, 2023 06:23am

Import curbs to be eased after IMF review: SBP chief

Jameel Ahmed says pressure of inflation will remain for two to three months

Updated 09 Mar, 2023 12:37pm

Editorials

MPS: steep rate hike to tame inflation

EDITORIAL: In spite of the Monetary Policy Committee’s (MPC’s) decision to raise the discount rate to 20 percent...

Published 06 Mar, 2023 06:22am

Opinion

Moody’s: there’s method in its madness

Moody’s Investors Service early this week downgraded Pakistan’s local and foreign currency issuer and senior...

Published 04 Mar, 2023 06:10am

$1.3bn financing from China’s ICBC expected

ISLAMABAD: Finance Minister Ishaq Dar has stated that the budget deficit is manageable but the external account...

Updated 04 Mar, 2023 09:13am

Policy rate hiked by 300bps to 20pc to tame inflation

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Thursday increased the key...

Updated 03 Mar, 2023 08:53am

Jul-Jan: $6.134bn borrowed from multiple sources

ISLAMABAD: The government has borrowed $6.134 billion from multiple financing sources including $1.166 billion from...

Updated 03 Mar, 2023 08:52am

Markets

On back of loan from China, SBP-held foreign exchange reserves increase $556mn, now stand at $3.81bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $556 million to $3.81 billion, data...

Published 02 Mar, 2023 06:35pm

Opinion

Past the point of no return!

For weeks noted economists and economic researchers have cited numerous indicators, like low foreign exchange...

Updated 02 Mar, 2023 06:51am

Opinion

IMF conditionalities: fiscal reforms

The International Monetary Fund (IMF) typically imposes a series of conditions on countries that receive financial...

Published 01 Mar, 2023 06:21am

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

Editorials

The floundering economy

EDITORIAL: Current account deficit has declined 67 percent to 3.8 billion dollars (July-January 2022-23) against...

Published 27 Feb, 2023 06:17am

$700m Chinese loan lands in SBP account

KARACHI: The country has received inflows amounting to $700 million from China to build the sliding foreign exchange...

Updated 25 Feb, 2023 09:01am

Markets

Rupee continues recovery against US dollar, closes tad below 260

Currency settles at 259.99 in inter-bank market

Updated 24 Feb, 2023 08:40pm

Opinion

Finally, there’s light at the end of the tunnel

President Dr Arif Alvi has signed the supplementary finance bill 2023 into law. This development will surely lead to...

Published 24 Feb, 2023 06:00am

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

foreign exchange reserves

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