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foreign exchange

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

Consignments stuck at ports: Banks told to give one-time facilitation to importers

KARACHI: In order to clear the stuck consignments at ports, the State Bank of Pakistan (SBP) has advised banks to...

Updated 24 Jan, 2023 08:59am

Business & Finance

Business community to mount protests against govt policies today: BMP chief

LAHORE: The Federation of Pakistan Chambers of Commerce & Industry’s former president Mian Anjum Nisar has ...

Published 23 Jan, 2023 06:54am

Wapda may delay issuance of 2nd $500m Eurobond

Wapda was expecting to issue it by the middle of last year

Updated 21 Jan, 2023 03:30pm

Opinion

Wheat crisis

Agrarian economy of Pakistan employs a large workforce and considered vital from a social, livelihood and foreign...

Published 20 Jan, 2023 06:35am

Business & Finance

Decline in seafood exports: Exporters blame foreign nations’ curbs on Pakistani products

KARACHI: Exporters on Thursday blamed the continuing restrictions on the country’s fisheries products by different...

Published 20 Jan, 2023 06:10am

Forex: industry makes prudent move

ISLAMABAD: The country’s struggling industry has sought government’s nod to use foreign exchange (dollars)...

Updated 19 Jan, 2023 08:40am

Gainers
Losers
Leaders

Stock	Price
HBL Invest Fund / Jun 6 HBL Investment Fund(HIFA)	1.60 ▲ 0.20 (14.29%)
Reliance Ins. / Jun 6 Reliance Insurance Company Limited(RICL)	8.27 ▲ 1.00 (13.76%)
Pak Gulf Leasing / Jun 6 Pak-Gulf Leasing Company Limited(PGLC)	7.39 ▲ 0.89 (13.69%)
HBL Growth Fund / Jun 6 HBL Growth Fund(HGFA)	4.15 ▲ 0.40 (10.67%)
Bilal Fibres / Jun 6 Bilal Fibres Limited(BILF)	2.44 ▲ 0.20 (8.93%)
Ist.Capital Sec / Jun 6 First Capital Securities Corporation(FCSC)	1 ▲ 0.08 (8.70%)
Dandot Cement / Jun 6 Dandot Cement Company Limited(DNCC)	9.39 ▲ 0.75 (8.68%)
P.I.A.C.(A) / Jun 6 Pakistan International Airlines Corp(PIAA)	3.73 ▲ 0.27 (7.80%)
Ahmad Hassan / Jun 6 Ahmad Hassan Textile Mills Limited(AHTM)	51.60 ▲ 3.60 (7.50%)
Ghani Value Glas / Jun 6 Ghani Value Glass Limited(GVGL)	65.39 ▲ 4.56 (7.50%)

Stock	Price
Sec. Inv. Bank / Jun 6 Security Investment Bank Limited(SIBL)	3.05 ▼ -0.94 (-23.56%)
Tri-Star Mutual / Jun 6 Tri-Star Mutual Fund Limited(TSMF)	3 ▼ -0.60 (-16.67%)
SME Leasing Ltd / Jun 6 SME Leasing Limited(SLL)	1.73 ▼ -0.26 (-13.07%)
Bank of Khyber / Jun 6 The Bank of Khyber(BOK)	11.75 ▼ -1.00 (-7.84%)
Ellcot Spinning / Jun 6 Ellcot Spinning Mills Limited(ELSM)	105.43 ▼ -8.55 (-7.50%)
Crescent Cotton / Jun 6 Crescent Cotton Mills Limited(CCM)	32.38 ▼ -2.62 (-7.49%)
Reliance Weaving / Jun 6 Reliance Weaving Mills Limited(REWM)	84.18 ▼ -6.82 (-7.49%)
Ashfaq Textile / Jun 6 Ashfaq Textile Mills Limited(ASHT)	7.06 ▼ -0.55 (-7.23%)
Pakistan Cables / Jun 6 Pakistan Cables Limited(PCAL)	92.82 ▼ -7.12 (-7.12%)
Gillette Pak / Jun 6 Gillette Pakistan Limited(GLPL)	110 ▼ -7.90 (-6.70%)

Stock	Volume
WorldCall Telecom / Jun 6 Worldcall Telecom Limited(WTL)	24,434,530 ▲ 0.00
Pak Refinery / Jun 6 Pakistan Refinery Limited(PRL)	20,516,561 ▲ 0.81
Cnergyico PK / Jun 6 Cnergyico PK Limited(CNERGY)	15,490,079 ▲ 0.16
Pak Petroleum / Jun 6 Pakistan Petroleum Limited(PPL)	10,780,480 ▼ -0.50
Pak Elektron / Jun 6 Pak Elektron Limited(PAEL)	9,829,910 ▲ 0.43
Sui North Gas / Jun 6 Sui Northern Gas Pipelines Limited(SNGP)	9,750,118 ▼ -0.70
Oil & Gas Dev. / Jun 6 Oil & Gas Development Company Limited(OGDC)	8,971,203 ▼ -0.25
Mod. Al-Mali (R) / Jun 6 Modaraba Al-Mali R(MODAMR1)	7,359,500 ▲ 0.00
Maple Leaf Cement / Jun 6 Maple Leaf Cement Factory Limited(MLCF)	7,232,895 ▲ 0.01
P.S.O. / Jun 6 Pakistan State Oil Company Limited(PSO)	6,844,695 ▲ 5.72

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 6	286.57
USD PKR Interbank Buying / Jun 6	286.37
USD to Japanese Yen / Jun 6	139.49
USD to Swiss Franc / Jun 6	0.90
Pound Sterling to USD / Jun 6	1.24
Euro to USD / Jun 6	1.07
UK LIBOR % / Jun 5	5.07

Stock	Volume
S&P 500 / Jun 5	4273.79
Nasdaq / Jun 5	13229.43
Dow Jones / Jun 5	33562.86
India Sensex / Jun 6	62638.57
Tokyo Nikkei / Jun 6	32470.90
Hang Seng / Jun 6	19189.58
FTSE 100 / Jun 6	7591.19
Germany DAX 30 / Jun 6	15958.06
France CAC40 / Jun 6	7199.34

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 5	20235
Gold 10 Grams PKR / Jun 5	197531
Crude Oil USD/Barrel / Jun 6	71.71
Gold Spot USD/Ounce / Jun 6	1958.23
Cotton US¢/pound / Jun 6	81.97

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