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foreign exchange

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

Markets

OctaFx, Easy Forex: SBP issues advisory against 'illegal offshore foreign exchange trading platforms'

Any person in Pakistan buying products or services of such offshore platforms and remitting foreign exchange directly or indirectly to them through any payment channel is making himself/herself liable to be proceeded against, warns SBP

Published 18 May, 2022 07:54pm

BR Research

Remittances: Let’s see

The home remittances growth has remained unabated. The monthly inflow in April-22 for the first time in the history...

Published 16 May, 2022 06:20am

Opinion

We’re one step from Sri Lanka

It’s heartening to note that remittances from workers abroad in month of April 2022 have registered a historic...

Published 16 May, 2022 05:42am

Gainers
Losers
Leaders

Stock	Price
First Elite Cap.Mod / Dec 9 First Elite Capital Modaraba(FECM)	5 ▲ 1.00 (25.00%)
Chakwal Spinning / Dec 9 Chakwal Spinning Mills Limited(CWSM)	2.44 ▲ 0.40 (19.61%)
Punjab Mod / Dec 9 First Punjab Modaraba(FPJM)	1.98 ▲ 0.27 (15.79%)
Saritow Spinning / Dec 9 Saritow Spinning Mills Limited(SSML)	8.35 ▲ 1.00 (13.61%)
Jubilee Spinning / Dec 9 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.80 ▲ 1.00 (12.82%)
F.Treet Manuf / Dec 9 First Treet Manufacturing Modaraba(FTMM)	4.60 ▲ 0.50 (12.20%)
K-Electric Ltd. / Dec 9 K-Electric Limited(KEL)	4.45 ▲ 0.48 (12.09%)
Samba Bank / Dec 9 Samba Bank Limited(SBL)	9.35 ▲ 1.00 (11.98%)
P.T.C.L. / Dec 9 Pakistan Telecommunication Company Ltd(PTC)	9.72 ▲ 1.00 (11.47%)
Dewan Textile / Dec 9 Dewan Textile Mills Limited(DWTM)	4.75 ▲ 0.47 (10.98%)

Stock	Price
Sec. Inv. Bank / Dec 9 Security Investment Bank Limited(SIBL)	5.74 ▼ -1.00 (-14.84%)
Tri-Star Mutual / Dec 9 Tri-Star Mutual Fund Limited(TSMF)	5.05 ▼ -0.49 (-8.84%)
Supernet Ltd. / Dec 9 Supernet Limited(GEMSPNL)	12.90 ▼ -1.05 (-7.53%)
Universal Network (GEM) / Dec 9 Universal Network Systems Limited (GEM)(GEMUNSL)	23.53 ▼ -1.91 (-7.51%)
Leather Up Ltd. / Dec 9 Leather Up Limited(LEUL)	10.54 ▼ -0.81 (-7.14%)
Trust Mod. / Dec 9 Trust Modaraba(TRSM)	2 ▼ -0.15 (-6.98%)
LSE Propetech / Dec 9 LSE Propetech Limited(LSEPL)	4.46 ▼ -0.33 (-6.89%)
Ismail Ind. / Dec 9 Ismail Industries Limited(ISIL)	1300 ▼ -95.00 (-6.81%)
Kohat Textile / Dec 9 Kohat Textile Mills Limited(KOHTM)	18.31 ▼ -1.19 (-6.10%)
Hoechst Pak. / Dec 9 Hoechst Pakistan Limited(HPL)	1200 ▼ -77.00 (-6.03%)

Stock	Volume
K-Electric Ltd. / Dec 9 K-Electric Limited(KEL)	341,598,066 ▲ 0.48
Cnergyico PK / Dec 9 Cnergyico PK Limited(CNERGY)	98,899,853 ▲ 0.02
WorldCall Telecom / Dec 9 Worldcall Telecom Limited(WTL)	97,311,739 ▲ 0.04
Hascol Petrol / Dec 9 Hascol Petroleum Limited(HASCOL)	60,506,500 ▲ 0.27
P.T.C.L. / Dec 9 Pakistan Telecommunication Company Ltd(PTC)	57,212,000 ▲ 1.00
Kohinoor Spining / Dec 9 Kohinoor Spinning Mills Limited(KOSM)	56,298,000 ▲ 0.42
Fauji Foods Ltd / Dec 9 Fauji Foods Limited(FFL)	47,608,697 ▲ 0.96
Pak Elektron / Dec 9 Pak Elektron Limited(PAEL)	42,544,241 ▲ 1.23
Hum Network / Dec 9 Hum Network Limited(HUMNL)	40,175,500 ▲ 0.07
TPL Properties / Dec 9 TPL Properties Limited(TPLP)	36,065,929 ▲ 0.08

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 8	284.30
USD PKR Interbank Buying / Dec 8	283.95
USD to Japanese Yen / Dec 8	143.72
USD to Swiss Franc / Dec 8	0.88
Pound Sterling to USD / Dec 8	1.26
Euro to USD / Dec 8	1.08
UK LIBOR % / Dec 7	5.48

Stock	Volume
S&P 500 / Dec 7	4585.59
Nasdaq / Dec 7	14340
Dow Jones / Dec 7	36117.38
India Sensex / Dec 8	69810.76
Tokyo Nikkei / Dec 8	32305.33
Hang Seng / Dec 8	16275.13
FTSE 100 / Dec 8	7514.73
Germany DAX 30 / Dec 8	16654.79
France CAC40 / Dec 8	7458.02

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 7	17235
Gold 10 Grams PKR / Dec 7	187671
Crude Oil USD/Barrel / Dec 8	70.35
Gold Spot USD/Ounce / Dec 8	2031.22
Cotton US¢/pound / Dec 8	82.72

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