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foreign exchange

Delay in Forex payment: PMLTC seeks help of Chinese embassy

ISLAMABAD: M/s Pak Matiari-Lahore Transmission Company (Private) Limited (PMLTC) has approached the Chinese embassy...

Published 28 Jun, 2022 06:10am

PM forewarns of ‘very tough’ IMF conditionalities

ISLAMABAD: Prime Minister Shehbaz Sharif Monday said that having steered Pakistan out of the verge of bankruptcy,...

Updated 28 Jun, 2022 09:51am

High-quality coal from Afghanistan: PM approves import in rupees

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday approved the import of high-quality coal from Afghanistan in...

Updated 28 Jun, 2022 09:37am

Business & Finance

PHMA chairman slams 10pc supertax on major industries

FAISALABAD: Mian Kashif Zia Chairman of the Pakistan Hosiery Manufacturers and Exporters Association (North Zone),...

Published 26 Jun, 2022 05:44am

Supplements

Will our exports keep growing, or will further growth be throttled?

TEXT: For the last two years Pakistani exports have been growing at the phenomenal rate of 25%. This after a decade...

Published 25 Jun, 2022 04:42am

Markets

Critical level: SBP-held foreign exchange reserves plummet to $8.24bn

Massive decrease of $748mn occurs on a weekly basis
SBP says reserves expected to increase in coming days on realisation of proceeds of CDB loan

Published 23 Jun, 2022 07:34pm

Opinion

Demystifying FDI

In an article carried by this newspaper on May 15, 2022 I gave the projected foreign exchange cash flow of the state...

Updated 23 Jun, 2022 09:34am

Business & Finance

Record $57m landed in RDAs, says PM

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday thanked overseas Pakistanis for sending $ 57million inflow, ...

Published 23 Jun, 2022 06:05am

Markets

Critical level: SBP-held foreign exchange reserves fall to $8.99bn, lowest since Nov 2019

Decrease another $241mn on a weekly basis

Published 16 Jun, 2022 09:31pm

Business & Finance

‘Pro-HEVs policies can bring substantial savings’

KARACHI: Pakistan can achieve substantial savings due to policies favouring Hybrid Electric Vehicles (HEVs). The...

Published 12 Jun, 2022 06:55am

Markets

Remittances fall 25.4% month-on-month to $2.3bn in May 2022

Fall comes due to post-Eid decline, long holidays, says SBP

Updated 10 Jun, 2022 06:29pm

Markets

Alarm bells: SBP-held foreign exchange reserves fall to $9.23bn

Decrease another $497mn on a weekly basis due to external debt repayment

Published 09 Jun, 2022 09:45pm

Pakistan

Sindh CS promises to resolve issues of rice exporters

KARACH: Dr Sohail Rajput, Chief Secretary Sindh on Wednesday said the government of Sindh will extend full support ...

Published 09 Jun, 2022 06:18am

Business & Finance

FY23 budget: EFS may be amended to restore GST-free procurement of inputs

ISLAMABAD: The government is expected to make major amendments to the Export Facilitation Scheme (EFS), 2021 in...

Published 07 Jun, 2022 05:47am

Using RMB/PKR in bilateral trade: PM directs SBP to hold meetings with Chinese banks

Finance Division has been directed to take immediate measures to address the liquidity issues of CPEC IPPs

Updated 06 Jun, 2022 09:42am

Markets

Official spot rate shed by Rs1500 within week

LAHORE: The official spot rate Committee of the Karachi Cotton Association (KCA) on Saturday decreased the spot rate...

Published 05 Jun, 2022 05:54am

Business & Finance

Mian Zahid for banning more items from import

KARACHI: Chairman of National Business Group Pakistan and President Pakistan Businessmen and Intellectuals Forum ...

Published 03 Jun, 2022 07:18am

Opinion

Govt needs to take bicycling initiative

It is interesting to note that an economically beleaguered Sri Lanka’s main seaport has unveiled a free bicycle...

Published 02 Jun, 2022 06:19am

Markets

Against USD: Rupee strengthens in inter-bank market, closes at 199.06

Registers second successive gain after 16 sessions of depreciation

Updated 30 May, 2022 06:44pm

Pakistan

IMF has called for a ‘tough budget’, but govt optimistic of agreement in June: Miftah

Despite lender's insistence, govt will not increase rate of personal income tax, says finance minister
Stresses that the biggest obstacle in way of programme revival was fuel subsidy

Updated 28 May, 2022 10:12pm

Business & Finance

PBC proposes targeted fuel subsidy, reduction in work week

Says phasing out of general fuel subsidy should be accompanied with targeted subsidy for most deserving

Published 27 May, 2022 02:35pm

Pakistan

Budget, energy subsidies main topics being discussed with IMF: Dr Murtaza Syed

SBP's acting governor says progress in talks has been made, but it is normal for 'these things to take time'

Published 24 May, 2022 08:09pm

Editorials

Upcoming budget 2022-23

EDITORIAL: Tenth of June has been earmarked for the presentation of the budget in parliament with political and the...

Published 24 May, 2022 05:35am

Business & Finance

KATI welcomes ban on import of luxury items

KARACHI: Korangi Association of Trade and Industry (KATI) president Salman Aslam has called on the government to...

Published 21 May, 2022 04:34am

Business & Finance

Jul-April FDI falls 1.6% year-on-year to $1.46bn

Although Chinese investment in the country has declined sharply, China is still the largest investing county

Published 20 May, 2022 11:23am

Editorials

The woeful rupee slide

EDITORIAL: The US dollar has gained in strength in the inter-bank market as well as in the foreign exchange kerb...

Published 20 May, 2022 05:42am

PM issues list of 38 items

ISLAMABAD: Prime Minister’s Office has issued a list of 38 items whose import was banned by the government. Prime...

Updated 20 May, 2022 10:27am

April CA deficit dips 39pc to $623m MoM

KARACHI: The country’s current account deficit sharply declined by 39 percent during the month of April 2022,...

Updated 20 May, 2022 11:44am

Business & Finance

Ban on luxury items: Business community doubtful about outcomes

KARACHI: The leadership of Businessmen Group (BMG), while referring to FBR’s recommendations to impose ban on...

Published 20 May, 2022 05:15am

Markets

Sri Lanka to default on debt, no money for fuel

COLOMBO: Sri Lanka is expected to be placed into default by rating agencies on Wednesday after the non-payment of...

Published 19 May, 2022 05:29am

Gainers
Losers
Leaders

Stock	Price
Power Cem(Pref) / Jun 9 Power Cement (Pref)(POWERPS)	6 ▲ 1.00 (20.00%)
Pak Gulf Leasing / Jun 9 Pak-Gulf Leasing Company Limited(PGLC)	7.55 ▲ 1.00 (15.27%)
PICIC Ins.Ltd. / Jun 9 PICIC Insurance Limited(PIL)	0.68 ▲ 0.09 (15.25%)
Sindh Modaraba / Jun 9 Sindh Modaraba(SINDM)	8.20 ▲ 1.00 (13.89%)
Sec. Inv. Bank / Jun 9 Security Investment Bank Limited(SIBL)	5.50 ▲ 0.54 (10.89%)
Hala Enterprise / Jun 9 Hala Enterprises Limited(HAEL)	7.05 ▲ 0.65 (10.16%)
Merit Packaging / Jun 9 Merit Packaging Limited(MERIT)	8.80 ▲ 0.79 (9.86%)
Popular Islamic / Jun 9 Popular Islamic Modaraba(PIM)	10.95 ▲ 0.96 (9.61%)
Next Capital / Jun 9 Next Capital Limited(NEXT)	5.44 ▲ 0.45 (9.02%)
Ist.Dawood Bank / Jun 9 First Dawood Investment Bank Limited(FDIBL)	1.70 ▲ 0.14 (8.97%)

Stock	Price
Mod. Al-Mali (R) / Jun 9 Modaraba Al-Mali R(MODAMR1)	0.23 ▼ -0.25 (-52.08%)
F.Treet Manuf / Jun 9 First Treet Manufacturing Modaraba(FTMM)	5.36 ▼ -1.00 (-15.72%)
HBL Invest Fund / Jun 9 HBL Investment Fund(HIFA)	1.38 ▼ -0.22 (-13.75%)
Service Textile / Jun 9 Service Industries Textiles Limited(SERT)	6.50 ▼ -0.70 (-9.72%)
Tariq Corp.Pref. / Jun 9 Tariq Corporation Limited-Preference Shares(TCORPCPS)	9.49 ▼ -1.00 (-9.53%)
United Brands / Jun 9 United Brands Limited(UBDL)	10.20 ▼ -0.94 (-8.44%)
EFG Hermes Pak / Jun 9 EFG Hermes Pakistan Limited(EFGH)	11.50 ▼ -0.98 (-7.85%)
First IBL Mod. / Jun 9 First IBL Modaraba(FIBLM)	2.60 ▼ -0.22 (-7.80%)
Allawasaya Tex / Jun 9 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	2764 ▼ -224.00 (-7.50%)
Ellcot Spinning / Jun 9 Ellcot Spinning Mills Limited(ELSM)	97.52 ▼ -7.91 (-7.50%)

Stock	Volume
Unity Foods Ltd / Jun 9 Unity Foods Limited(UNITY)	28,723,523 ▲ 0.24
TPL Properties / Jun 9 TPL Properties Limited(TPLP)	19,470,263 ▲ 0.38
WorldCall Telecom / Jun 9 Worldcall Telecom Limited(WTL)	17,617,018 ▲ 0.01
Faysal Bank / Jun 9 Faysal Bank Limited(FABL)	10,414,954 ▲ 1.25
Hascol Petrol / Jun 9 Hascol Petroleum Limited(HASCOL)	9,814,500 ▲ 0.23
Pak Refinery / Jun 9 Pakistan Refinery Limited(PRL)	9,600,621 ▼ -0.04
P.I.A.C.(A) / Jun 9 Pakistan International Airlines Corp(PIAA)	8,850,500 ▲ 0.02
Pak Int.Bulk / Jun 9 Pakistan International Bulk Terminal(PIBTL)	6,660,000 ▲ 0.12
Fauji Foods Ltd / Jun 9 Fauji Foods Limited(FFL)	6,382,956 ▲ 0.01
Telecard Limited / Jun 9 Telecard Limited(TELE)	5,453,799 ▲ 0.15

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 9	286.95
USD PKR Interbank Buying / Jun 9	286.80
USD to Japanese Yen / Jun 9	139.36
USD to Swiss Franc / Jun 9	0.90
Pound Sterling to USD / Jun 9	1.25
Euro to USD / Jun 9	1.08
UK LIBOR % / Jun 8	5.07

Stock	Volume
S&P 500 / Jun 8	4293.93
Nasdaq / Jun 8	13238.52
Dow Jones / Jun 8	33833.61
India Sensex / Jun 9	62625.63
Tokyo Nikkei / Jun 9	32198.70
Hang Seng / Jun 9	19359.13
FTSE 100 / Jun 9	7602.26
Germany DAX 30 / Jun 9	15981.08
France CAC40 / Jun 9	7223.38

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 8	20235
Gold 10 Grams PKR / Jun 8	194616
Crude Oil USD/Barrel / Jun 9	70.85
Gold Spot USD/Ounce / Jun 9	1963.16
Cotton US¢/pound / Jun 9	81.53

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