Trends - FX reserves - Business Recorder

FX reserves

How can Pakistan avoid Sri Lanka’s path?

Pakistan continues to burn its foreign exchange at an alarming rate and is exhausting all of its hopes to turn ...

Published 29 Jun, 2022 05:44am

Markets

Rupee's winning streak against US dollar comes to an end amid negative economic developments

Currency appreciated for five successive sessions in inter-bank market before losing value on Friday

Updated 03 Jun, 2022 08:15pm

Business & Finance

IMF programme resumption only way for economic stability: Pakistan Business Council

Warns inaction will entail serious consequences bordering those in Sri Lanka

Updated 17 May, 2022 09:05pm

Markets

SBP-held foreign exchange reserves fall another $190mn, now stand at $10.31bn

Total reserves held by Pakistan stand at $16.38bn

Published 12 May, 2022 10:36pm

Business & Finance

Kuwaiti companies planning $750mn projects in Pakistan: report

Propose building a hydrogen plant and two smart cities

Updated 02 May, 2022 03:19pm

Business & Finance

China cuts banks’ FX reserve ratio to support yuan

SHANGHAI/SINGAPORE: China’s central bank said on Monday it would cut the amount of foreign exchange banks must ...

Published 26 Apr, 2022 05:20am

Pakistan

SBP governor confident recent measures will help market sentiment

Says falling foreign exchange reserves concerning, but central bank has moved to arrest deterioration

Updated 09 Apr, 2022 07:43pm

Cement exports: Manufacturers, revenue collection, FX reserves affected badly by decline

LAHORE: Steep decline in cement exports is hurting not only the cement manufacturers but also the government’s...

Updated 07 Apr, 2022 11:03am

World

Afghan central bank says US plan for frozen funds an ‘injustice’

KABUL: Afghanistan’s central bank on Saturday criticised Washington’s plan to use half the bank’s $7 billion ...

Published 13 Feb, 2022 05:48am

Business & Finance

Turkish cenbank’s net FX reserves surge to $16.33bn

ISTANBUL: The Turkish central bank’s net international reserves leapt $5.8 billion last week to $16.33 billion as...

Published 11 Feb, 2022 04:31am

Markets

SBP's foreign exchange reserves up $2.6bn

State Bank of Pakistan's reserves increase by $2,647.9 million to $ 18.66 billion

Updated 10 Dec, 2021 05:06pm

Business & Finance

Pakistan's net international reserves set to increase: SBP governor

Dr Reza Baqir says IMF's newly-approved SDR allocation could not have come at a better time for Pakistan that is in recovery mode
No alarm bells for Pakistan's economy, adds central bank chief

Updated 13 Aug, 2021 07:21pm

Markets

Pakistan's foreign exchange reserves fall to $24.644 billion

Fall attributed to debt repayments and vaccine procurement

Published 12 Aug, 2021 08:06pm

Markets

Pakistan's foreign exchange reserves fall to $24.875 billion

Reserves fall over $250 million on a weekly basis, according to data released by the SBP

Published 29 Jul, 2021 08:35pm

Business & Finance

Turkish central bank's net FX reserves rise to $20.91bn

They plunged in 2019-2020 as state banks sold off $128 billion to stabilise the lira, which still fell 20% in 2020.
Bank's outstanding swap transactions stood at $44.689 billion as of Wednesday.

Published 01 Jul, 2021 04:50pm

Business & Finance

Pakistan's foreign exchange reserves fall to $23.26 billion

Reserves held with SBP fall $311 million
Fall attributed to external debt repayments

Published 24 Jun, 2021 06:11pm

JP Morgan puts weight behind Pakistan's economy, but cautions over challenges

In its report, 'Pakistan: Reassessing the investment thesis', JP Morgan says impact of remittances to fade in coming months

Updated 10 Jun, 2021 09:47pm

Business & Finance

Pakistan's foreign exchange reserves reach $23.6 billion

SBP receives proceeds from Green Eurobond, reserves held by central bank reach $16.4 billon

Published 10 Jun, 2021 06:32pm

Business & Finance

GDP growth expected to rise 3.94pc as post-Covid recovery strengthens: SBP

“This rebound was fueled by a well-calibrated policy response,” said SBP.
SBP said that it provided a targeted economic stimulus of Rs2 trillion to support the recovery through interest rate cut, principal deferment & loan restructuring, Rozgar payroll finance scheme to prevent layoffs, and concessional finance for investment in industry and health facilities.

Published 24 May, 2021 01:59pm

Business & Finance

Govt expects Remittances to exceed $27bn this fiscal

Workers’ remittance sent by overseas Pakistanis rose by 26 percent during the first nine months of this fiscal year.
The share of remittances in the GDP has gone up to 10 percent.

Published 15 Apr, 2021 02:27pm

Markets

Forex held by Turkish locals falls to $221.2bn

ISTANBUL: Turkish locals’ forex and precious metals holdings dropped to $221.20 billion in the week to April 2 ...

Published 09 Apr, 2021 04:51am

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

World

Turkey's Erdogan defends plunge in reserves under ex-minister Albayrak

Erdogan described the CHP campaign as an attack on his family, and that Albayrak had been at the forefront of the country's economic battle.
Planned forex transactions were carried out in this difficult period to ensure there were no problems with the balance of payments.

Updated 22 Feb, 2021 10:04pm

Business & Finance

In reversal, Turks shed FX holdings for second straight week

ANKARA: Turkish locals have trimmed their holdings of hard currencies for a second straight week to below $233...

Published 15 Feb, 2021 04:53am

Markets

Turkish net FX reserves climb to $14.02bn

The exchange rate used by Reuters on Thursday was 7.1324 compared to 7.3723 the previous week.
The reserves fell last year as state banks sold off an estimated $130 billion to stabilise the ailing lira, which still lost 20% of its value in 2020.

Updated 11 Feb, 2021 09:26pm

Markets

Turkish net FX reserves climb to $13.8bn

The exchange rate used by Reuters on Thursday was 7.3723 compared to 7.3836 the previous week.
The reserves eroded last year as state banks sold off an estimated $130 billion to stabilise the ailing lira.

Published 04 Feb, 2021 05:39pm

Markets

Turkish net FX reserves at lowest in years near $11bn

The exchange rate used by Reuters on Thursday was 7.3836 compared to 7.3885 the previous week.
The reserves eroded last year as state banks sold off an estimated $130 billion to stabilise the ailing lira.

Published 28 Jan, 2021 06:06pm

Business & Finance

Pakistan FX reserves rise to $20bn, Hammad briefs Senate

He said projects worth $1.7 billion are in the phase of implementation in Gwadar under the CPEC.

Published 22 Jan, 2021 11:11am

Business & Finance

Turkish central bank net FX reserves $13.5bn at year end

The exchange rate used by Reuters on Thursday was 7.2733 compared to 7.4194 the previous week.
The reserves have been diminished over the last year as state banks sold off an estimated $130 billion to stabilise the ailing lira.

Published 14 Jan, 2021 05:03pm

Markets

Chilean central bank to buy $12bn to replenish FX reserves

The bank said it would take the step ahead of the closing off in mid-2022 of a flexible, $24 billion credit line extended by the IMF.
The board considers it prudent to initiate a process that allows it to replace the role of the FCL (flexible credit line) by gradually accumulating international reserves.

Published 13 Jan, 2021 08:52pm

Gainers
Losers
Leaders

Stock	Price
First IBL Mod. / Jun 29 First IBL Modaraba(FIBLM)	4.80 ▲ 0.70 (17.07%)
Quetta Textile / Jun 29 Quetta Textile Mills Limited(QUET)	7.75 ▲ 0.76 (10.87%)
Awwal Modaraba / Jun 29 Awwal Modaraba(AWWAL)	10.43 ▲ 0.92 (9.67%)
First AL-Noor Mod. / Jun 29 First Al-Noor Modaraba(FANM)	3.24 ▲ 0.24 (8.00%)
United Insurance / Jun 29 The United Insurance Company(UNIC)	8.39 ▲ 0.59 (7.56%)
K.S.B.Pumps / Jun 29 KSB Pumps Company Limited(KSBP)	123.01 ▲ 8.58 (7.50%)
Sanofi-Aventis / Jun 29 Sanofi-Aventis Pakistan Limited(SAPL)	993.83 ▲ 69.33 (7.50%)
Arif Habib Corp / Jun 29 Arif Habib Corporation Limited(AHCL)	35.20 ▲ 2.45 (7.48%)
Arif Habib Ltd. / Jun 29 Arif Habib Limited(AHL)	43.25 ▲ 3.01 (7.48%)
J.K.Spinning / Jun 29 J.K. Spinning Mills Limited(JKSM)	56.16 ▲ 3.91 (7.48%)

Stock	Price
Sindh Modaraba / Jun 29 Sindh Modaraba(SINDM)	7.36 ▲ -0.91 (-11.00%)
786 Invest Ltd / Jun 29 786 Investments Limited(786)	4.82 ▲ -0.56 (-10.41%)
JS Investments / Jun 29 JS Investments Limited(JSIL)	11.25 ▲ -1.00 (-8.16%)
Gatron Ind. / Jun 29 Gatron (Industries) Limited(GATI)	402.37 ▲ -32.62 (-7.50%)
Khyber Tobacco / Jun 29 Khyber Tobacco Company Limited(KHTC)	215.97 ▲ -17.51 (-7.50%)
Leiner Pak Gelat / Jun 29 Leiner Pak Gelatine Limited(LPGL)	16.65 ▲ -1.35 (-7.50%)
Supernet Ltd. / Jun 29 Supernet Limited(GEMSPNL)	19.31 ▲ -1.56 (-7.47%)
Feroze 1888 / Jun 29 Feroze1888 Mills Limited(FML)	63.00 ▲ -5.00 (-7.35%)
Hussain Industries / Jun 29 Husein Industries Limited(HUSI)	15.20 ▲ -1.20 (-7.32%)
Premium Textile / Jun 29 Premium Textile Mills Limited(PRET)	690.10 ▲ -49.90 (-6.74%)

Stock	Volume
K-Electric Ltd. / Jun 29 K-Electric Limited(KEL)	14,279,000 ▼ 0.00
WorldCall Telecom / Jun 29 Worldcall Telecom Limited(WTL)	11,615,500 ▼ 0.00
Hascol Petrol / Jun 29 Hascol Petroleum Limited(HASCOL)	7,537,000 ▼ 0.00
Cnergyico PK / Jun 29 Cnergyico PK Limited(CNERGY)	5,582,406 ▼ 0.00
TPL Properties / Jun 29 TPL Properties Limited(TPLP)	4,353,672 ▼ 0.00
Pak Refinery / Jun 29 Pakistan Refinery Limited(PRL)	4,202,157 ▼ 0.00
Sui North Gas / Jun 29 Sui Northern Gas Pipelines Limited(SNGP)	4,059,218 ▼ 0.00
Habib Bank / Jun 29 Habib Bank Limited(HBL)	3,439,886 ▼ 0.00
Kot Addu Power / Jun 29 Kot Addu Power Company Limited(KAPCO)	3,431,945 ▼ 0.00
MCB Bank Ltd / Jun 29 MCB Bank Limited(MCB)	2,937,393 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 28	206.40
USD PKR Interbank Buying / Jun 28	206.20
USD to Japanese Yen / Jun 28	136.11
USD to Swiss Franc / Jun 28	0.96
Pound Sterling to USD / Jun 28	1.22
Euro to USD / Jun 28	1.05
UK LIBOR % / Jun 28	1.57

Stock	Volume
S&P 500 / Jun 28	3821.55
India Sensex / Jun 28	53177.45
Tokyo Nikkei / Jun 28	26741.34
Nasdaq / Jun 28	11181.54
Hang Seng / Jun 28	22132.44
FTSE 100 / Jun 28	7323.41
Dow Jones / Jun 28	30946.99
Germany DAX 30 / Jun 28	13231.82
France CAC40 / Jun 28	6086.02

Item	Value
Crude Oil USD/Barrel / Jun 28	111.30
Karachi Cotton PKR/37.32 KG / Jun 28	18980.00
Gold 10 Grams PKR / Jun 28	122200.00
Gold Spot USD/Ounce / Jun 28	1822.04
Cotton US¢/pound / Jun 28	93.77

FX reserves

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