Topic

Lebanon's central bank

Lebanon's Central Bank sets new rate for withdrawals from dollar deposits

Published 09 Dec, 2021 06:12pm

BEIRUT: Lebanon's central bank said on Thursday it had set a new rate of 8,000 Lebanese pounds to the US dollar for...

Lebanon's central bank denies Swiss report about 2016 IMF paper

Published 08 Oct, 2021 06:25pm

"This article and everything that was mentioned in it has nothing to do with the truth," Lebanese central bank says

Lebanon bank chief vows no forex raid to fund fuel unless law changed

Published 15 Aug, 2021 05:26am

BEIRUT: Lebanon's central bank governor vowed Saturday not to reverse his decision to stop subsidising fuel imports,...

Lebanon bank chief vows no forex raid to fund fuel unless law changed

Published 14 Aug, 2021 04:23pm

Foreign exchange reserves have dwindled in recent months to now stand at $14 billion -- approaching the minimum the bank is required to hold
"I will not review the removal of subsidies on fuel unless the use of compulsory reserves is legalised": governor

Lebanon's Central Bank calls for targeting subsidies

Updated 16 Jun, 2021 07:57pm

The bank reiterated that it would not use mandatory reserves to fund subsidies, which currently cost around $6 billion a year.
Lebanon's hard currency reserves have slumped from over $30 billion in late 2019 to just over $15 billion in March.

Lebanon's Central Bank calls for swift action to curb subsidies

Published 14 Apr, 2021 05:35pm

The bank said it had been forced to sell dollars in recent months to prevent inflation, which has already reached 84%, from spiralling as high as 275%, and the remaining reserves needed to be protected.
The Central Bank said the government should act quickly because of "the danger of the situation and the economic and social impact of any delay."

Swiss money laundering probe eyes Lebanon central bank chief: report

Updated 14 Apr, 2021 10:11am

GENEVA: From the British Virgin Islands to Geneva, Swiss prosecutors are tracking the suspected fund movements of...

Lebanon central bank head says figures in some media about Swiss case 'inflated'

Published 25 Jan, 2021 07:07pm

Swiss investigators said last week they were looking into the allegations linked to Lebanon's central bank.
All the news and figures traded in some media outlets and on social media are very inflated and are far from reality.

Lebanon's central bank governor says no transfers made from bank's accounts

Published 21 Jan, 2021 06:03pm

Salameh also confirmed a Reuters report that he had answered questions from Lebanon's public prosecutor earlier on Thursday.

Lebanon receives Swiss request to cooperate on central bank inquiry

Published 19 Jan, 2021 06:04pm

Both the prime minister and the president are in the loop on the European move.
Lebanon is grappling with a deep financial crisis that has hammered the currency, spread poverty and prompted a sovereign debt default.

Lebanon to ask consultants to resume central bank audit, minister says

Published 23 Dec, 2020 05:54pm

Parliament agreed this week to lift banking secrecy for one year, after the restructuring consultancy Alvarez & Marsal pulled out of the audit.
It was decided based on the law from parliament and government decisions to contact the firm A&M to resume the forensic audit.

Lebanon's central bank tells banks to pay students abroad

Published 10 Dec, 2020 12:22am

Thousands of university students around the world have been caught up in Lebanon's financial meltdown.
The Lebanese parliament passed a law in October allowing students abroad to transfer $10,000 out at the official peg.

Lebanon central bank: govt should be the one to submit its accounts to audit

Published 04 Nov, 2020 07:10pm

Lebanon, grappling with a financial meltdown, hired the turnaround specialist this year for the audit of the BDL.
"This would spare the central bank from violating legally binding bank secrecy laws", it said.

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 1	277.30
USD PKR Interbank Buying / Oct 1	277.10
USD to Japanese Yen / Oct 1	158.32
USD to Swiss Franc / Oct 1	0.84
Pound Sterling to USD / Oct 1	1.32
Euro to USD / Oct 1	1.13
SOFR % / Sep 30	3.90

Stock	Volume
S&P 500 / Sep 30	7,651.54
Nasdaq / Sep 30	26,861.06
Hang Seng / Sep 30	24,613.27
Dow Jones / Sep 30	50,906.05
India Sensex / Oct 1	71,770.30
Tokyo Nikkei / Oct 1	68,956.72
FTSE 100 / Oct 1	10,413.82
Germany DAX 30 / Oct 1	24,851.64
France CAC40 / Oct 1	7,827.14

Item	Value
Crude Oil USD/Barrel / Oct 1	92.53
Karachi Cotton PKR/37.32 KG / Oct 1	18,480
Gold 10 Grams PKR / Oct 1	376,059
Gold Spot USD/Ounce / Oct 1	4,162.20
Cotton US¢/pound / Oct 1	78.41
Petrol/Litre / Oct 2	390.66
Diesel/Litre / Oct 2	399.34

Gainers
Losers
Leaders

Stock	Price
Dewan Motors / Oct 1 Dewan Farooque Motors Limited(DFML)	17.49 ▲ 1.59 (10%)
Ellcot Spinning / Oct 1 Ellcot Spinning Mills Limited(ELSM)	196.28 ▲ 17.84 (10%)
First Imrooz Mod. / Oct 1 First Imrooz Modaraba(FIMM)	286.94 ▲ 26.09 (10%)
Fazal Cloth / Oct 1 Fazal Cloth Mills Limited(FZCM)	280.46 ▲ 25.5 (10%)
Mandviwala / Oct 1 Mandviwala Mauser Plastic Industries(MWMP)	84.78 ▲ 7.71 (10%)
Popular Islamic / Oct 1 Popular Islamic Modaraba(PIM)	65.60 ▲ 5.96 (9.99%)
Arctic Textile / Oct 1 Arctic Textile Mills Limited(ARCTM)	57.29 ▲ 5.17 (9.92%)
D.S. Ind. Ltd. / Oct 1 D.S. Industries Limited(DSIL)	15.68 ▲ 1.41 (9.88%)
Lse Spac-I Ltd. / Oct 1 Lse Spac-I Limited(SPAC1)	22.36 ▲ 1.95 (9.55%)
Asim Textile / Oct 1 Asim Textile Mills Limited(ASTM)	124.56 ▲ 10.6 (9.3%)

Stock	Price
EFU Life Assr / Oct 1 EFU Life Assurance Limited(EFUL)	125 ▼ -39.01 (-23.79%)
Ashfaq Textile / Oct 1 Ashfaq Textile Mills Limited(ASHT)	45.51 ▼ -5.06 (-10.01%)
First Tri-Star Mod. / Oct 1 First Tri-Star Modaraba(FTSM)	44.03 ▼ -4.89 (-10%)
Pakistan Credit Rating Agency / Oct 1 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	43.67 ▼ -4.85 (-10%)
First Punjab Modaraba / Oct 1 First Punjab Modaraba(FPJM)	26.14 ▼ -2.9 (-9.99%)
East West Ins. / Oct 1 East West Insurance Company Limited(EWIC)	59.25 ▼ -6.37 (-9.71%)
Asia Ins. / Oct 1 Asia Insurance Company Limited(ASIC)	32.42 ▼ -3.43 (-9.57%)
Karam Ceramics / Oct 1 Karam Ceramics Limited(KCL)	156.18 ▼ -15.27 (-8.91%)
Power Cem(Pref) / Oct 1 Power Cement (Pref)(POWERPS)	29.62 ▼ -2.87 (-8.83%)
Apna Microfin. / Oct 1 Apna Microfinance Bank Limited(AMBL)	18.07 ▼ -1.73 (-8.74%)

Stock	Volume
Kohinoor Spinning / Oct 1 Kohinoor Spinning Mills Limited(KOSM)	93,751,754 ▲ 0.11
F. Nat.Equities / Oct 1 First National Equities Limited(FNEL)	38,616,570 ▲ 0.09
Cnergyico PK / Oct 1 Cnergyico PK Limited(CNERGY)	26,026,242 ▼ -0.14
Pak Int.Bulk / Oct 1 Pakistan International Bulk Terminal(PIBTL)	25,714,456 ▲ 0.03
First Punjab Modaraba / Oct 1 First Punjab Modaraba(FPJM)	22,551,198 ▼ -2.9
Tasdeeq Info. Serv. / Oct 1 Tasdeeq Information Services Limited(TISL)	19,722,398 ▲ 0
K-Electric Ltd. / Oct 1 K-Electric Limited(KEL)	17,323,432 ▼ -0.03
WorldCall Telecom / Oct 1 Worldcall Telecom Limited(WTL)	17,315,970 ▼ -0.01
D.S. Ind. Ltd. / Oct 1 D.S. Industries Limited(DSIL)	16,558,025 ▲ 1.41
Pak Refinery / Oct 1 Pakistan Refinery Limited(PRL)	16,113,756 ▼ -1.8

Lebanon's central bank

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