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foreign exchange

Dollar steadies in Europe

LONDON: The dollar index held near a three-week high on Friday and moves in currency markets were muted as traders...

Published 05 Jun, 2021 04:08am

Financing from abroad: Startups can avail loans as convertible debt: SBP

KARACHI: In order to facilitate the startup companies in raising financing from abroad, the State Bank of Pakistan...

Published 27 May, 2021 03:40am

BR Research

Changing FDI dynamics (II)

The latest central bank’s data shows nothing jovial about foreign direct invest; the needle is not moving for FDI...

Published 26 May, 2021 07:35am

Business & Finance

President for facilitating meat exporters

ISLAMABAD: President Dr Arif Alvi on Monday stressed the need for development of livestock sector in the country,...

Published 25 May, 2021 04:40am

BR Research

Changing FDI dynamics (1)

When it comes to foreign direct investment, Pakistan has intentionally or unintentionally barely scratched the...

Published 24 May, 2021 07:35am

ECs’ SLR requirement reduced

KARACHI: In order to facilitate Exchange Companies in managing their liquidity and enhance business profitability,...

Published 21 May, 2021 05:04am

Business & Finance

SBP cancels license of Karwan Exchange Co ‘B’

KARACHI: The State Bank of Pakistan (SBP) on Thursday cancelled the license of Karwan Exchange Company ‘B’ (Pvt)...

Updated 21 May, 2021 09:43am

BR Research

Remittances proving rock solid

As per the State Bank of Pakistan’s latest data. remittances in April 2021 stood at almost $2.8 billion. while the...

Published 19 May, 2021 07:35am

BR Research

Remittance and its unwavering support

For almost a year, studies and research did not match the trend of remittances into developing countries ...

Published 18 May, 2021 07:35am

Sri Lanka gets $500m South Korean loan

COLOMBO: Sri Lanka said Monday it had secured a $500 million loan from South Korea, a month after a similar loan ...

Published 11 May, 2021 04:39am

Business & Finance

Foreign exchange reserves rise to $3.2trn

BEIJING: China’s foreign exchange reserves, the world’s largest, increased in April from a month earlier,...

Published 08 May, 2021 03:30am

Markets

YOUR RUPEE LAST MONTH

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last month. (April 1 to 30,...

Published 02 May, 2021 03:23am

BR Research

Current account: will the march continue?

Another month of current account (almost) in balance. Based on PBS trade data, market had expected a deficit of over...

Published 26 Apr, 2021 07:25am

Markets

China says increased flexibility in yuan can release market pressure

The yuan briefly firmed to its strongest level against the US dollar in nearly six weeks on Thursday as the greenback weakened.

Published 23 Apr, 2021 11:25am

Business & Finance

SBP’s reserves down by $63m

KARACHI: The State Bank of Pakistan’s foreign exchange reserves decreased by $ 63 million during last week due to...

Updated 23 Apr, 2021 10:01am

BR Research

Weak economy + Covid: a double whammy for FDI

While the situation at external front has been improving, the foreign direct investment climate is dreary as usual....

Published 22 Apr, 2021 07:30am

Business & Finance

President for modernizing dairy sector

ISLAMABAD: President Dr Arif Alvi on Monday emphasized that strengthening and developing the country’s dairy ...

Updated 20 Apr, 2021 10:03am

July-March remittances up 26pc YoY

KARACHI: Workers’ remittance sent by overseas Pakistanis rose by 26 percent during the first nine months of this...

Updated 13 Apr, 2021 09:29am

Sri Lanka gets emergency China loan

COLOMBO: Sri Lanka secured a $500 million loan from China Monday in a desperate bid to shore up its foreign exchange...

Updated 13 Apr, 2021 09:30am

IMF estimates financing needs at $23.643bn

ISLAMABAD: The International Monetary Fund (IMF) has urged all key bilateral creditors to maintain their exposure to...

Updated 09 Apr, 2021 09:25am

Business & Finance

Remittances: SBP invites views on revision of FE manual

KARACHI: Considering the market dynamics and keeping pace with changing business environment, the SBP is in the...

Published 06 Apr, 2021 04:23am

Markets

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates

Published 05 Apr, 2021 03:56am

Business & Finance

Russia seen increasing state FX buying

MOSCOW: Russia’s finance ministry is expected to increase its purchases of foreign currency for state reserves to...

Published 03 Apr, 2021 03:41am

Business & Finance

SBP launches a FX Portal for end-to-end digitalization of FX requests

The State Bank of Pakistan (SBP) has launched a Foreign Exchange (FX) Portal for end-to-end digitalization of FX requests.
Currently, customers of 22 banks can submit their cases digitally from their workplace.

Published 27 Mar, 2021 06:21pm

Pakistan

State Bank advises all banks to implement digital portals

It has further been advised that banks must make comprehensive arrangements for any contingency and ensure business continuity in case of disruption in their portals.

Published 16 Mar, 2021 07:27pm

Business & Finance

Paper-based submission of FX related cases to discontinue by June 30: SBP

In this backdrop, 21 ADs have already developed their portals, started onboarding their customers and receiving FX cases digitally, while the rest are in process of developing their digital platforms/ portals.

Updated 16 Mar, 2021 04:34pm

Business & Finance

India's Foreign Exchange reserves becomes world's 4th largest

As per the data of the Reserve Bank of India, the country's FX reserves stood at $ 580.299 billion as of March 05, 2021, dropping by $ 4.255bn.

Published 15 Mar, 2021 10:24am

Markets

Barclays bid rates and maximum rates for payment of interest

KARACHI: Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than...

Published 13 Mar, 2021 04:28am

Opinion

FDI: under-developed, developing economies

A report in press based on facts that during the current period the amount of dividend remitted out of Pakistan on...

Published 03 Mar, 2021 05:49am

Markets

Nigeria naira hits record intra-day low of 429.75 per dollar

The naira opened for trade at 409.50 on Wednesday, exchange data showed, near its weakest on record of 410.50 per dollar reached two weeks ago.
The naira has been quoted at 480 naira to the dollar on the black market since last month, against the official rate of 381 naira set in July and backed by the central bank.

Published 24 Feb, 2021 07:27pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 3	278.23
USD PKR Interbank Buying / May 3	278.03
USD to Japanese Yen / May 3	153.05
USD to Swiss Franc / May 3	0.91
Pound Sterling to USD / May 3	1.25
Euro to USD / May 3	1.08

Stock	Volume
S&P 500 / May 3	5127.79
India Sensex / May 3	73878.15
Tokyo Nikkei / May 3	38236.07
Nasdaq / May 3	16156.33
Hang Seng / May 3	18475.92
FTSE 100 / May 3	8213.49
Dow Jones / May 3	38675.68
Germany DAX 30 / May 3	18001.60

Item	Value
Crude Oil USD/Barrel / May 3	78.11
Karachi Cotton PKR/37.32 KG / May 3	20535
Gold 10 Grams PKR / May 3	205418
Gold Spot USD/Ounce / May 3	2301.74
Cotton US¢/pound / May 3	78.06
Petrol/Litre / May 4	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 4 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 4 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 4 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 4 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 4 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 4 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 4 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 4 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 4 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 4 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 4 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 4 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 4 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 4 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 4 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 4 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 4 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 4 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 4 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 4 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 4 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 4 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 4 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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