Trends - FX reserves - Business Recorder

FX reserves

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 2	278.40
USD PKR Interbank Buying / May 2	278.20
USD to Japanese Yen / May 2	155.37
USD to Swiss Franc / May 2	0.91
Pound Sterling to USD / May 2	1.25
Euro to USD / May 2	1.07

Stock	Volume
S&P 500 / May 1	5018.39
Nasdaq / May 1	15605.48
Dow Jones / May 1	37903.29
India Sensex / May 2	74720.19
Tokyo Nikkei / May 2	38236.07
Hang Seng / May 2	18192.04
FTSE 100 / May 2	8149.68
Germany DAX 30 / May 2	17906.01

Item	Value
Crude Oil USD/Barrel / May 2	79.53
Karachi Cotton PKR/37.32 KG / May 2	20000
Gold 10 Grams PKR / May 2	206619
Gold Spot USD/Ounce / May 2	2311.74
Cotton US¢/pound / May 2	77.01
Petrol/Litre / May 3	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 3 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 3 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 3 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 3 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 3 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 3 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 3 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 3 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 3 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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