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MPC

Experts react as SBP jacks up key interest rate

Action on the fiscal side by the government would decide future course

Published 23 May, 2022 05:57pm

Business & Finance

SBP raises key interest rate by 150 basis points, takes it to 13.75%

This is the highest interest-rate level in 11 years
SBP says external pressures remain elevated and inflation outlook has deteriorated due to both home-grown and international factors

Updated 23 May, 2022 09:48pm

Opinion

Economy needs a rate cut

Last week, the cut-off yield of PIBs and T/bills was mostly lower. It moved down by about 15 basis points to 50 ...

Published 23 May, 2022 06:15am

Opinion

Won’t be long before default is on the table

SBP (State Bank of Pakistan) has no choice but to raise the interest rate, most likely by another 100 basis points,...

Published 19 May, 2022 05:29am

Business & Finance

MPC meeting: Majority polled expect major spike in policy rate

Many anticipate rate hike of 100 bps ahead of MPC meeting scheduled for May 23

Updated 17 May, 2022 09:06pm

Markets

KSE-100 stages recovery, but still ends 0.62% lower

Index had at one point lost 885 points in intra-day trading

Updated 28 Apr, 2022 05:13pm

Business & Finance

Engagement with IMF ‘remains strong’, says Dr Baqir

State Bank of Pakistan governor says goal is to complete the work that is necessary to draw the remaining $3 billion from the Washington-based lender

Updated 11 Apr, 2022 05:38pm

Opinion

Big hike in policy rate

It is interesting to note that the International Monetary Fund (IMF) has welcomed the Monetary Policy Committee ...

Published 10 Apr, 2022 05:49am

Business & Finance

FPCCI chief concerned over 250bps hike in policy rate

KARACHI: Irfan Iqbal Sheikh, President FPCCI expressed concern over an unexpected and massive 250 basis points (bps)...

Published 10 Apr, 2022 05:49am

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

IMF hails 250bps hike in policy rate

IMF resident representative Esther Perez Ruiz says that the fund welcomes SBP Monetary Policy Committee’s strong policy rate action, given 'the elevated inflation and heightened uncertainty that Pakistan is facing'

Updated 09 Apr, 2022 10:18am

Markets

Stocks stage rally as clarity on political front drives positive sentiment

KSE-100 ends final session of the week with a gain of 1.5% or 658 points

Updated 08 Apr, 2022 07:36pm

Business & Finance

Inflation and external stability: Policy rate hiked to 12.25pc at MPC emergency meeting

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) in its emergency meeting, held on...

Updated 08 Apr, 2022 10:25am

Markets

Economic and political turmoil: KSE-100 down 0.74%

Political turbulence and currency devaluation dented investor confidence at the Pakistan Stock Exchange (PSX) as the...

Published 07 Apr, 2022 06:12pm

Business & Finance

At emergency MPC meeting, SBP raises policy rate by 250 basis points to 12.25%

Statement says central bank is in the process of taking further actions to reduce pressures on inflation and current account, namely increase in interest rate on export refinance scheme and widening set of import items subject to cash margin requirements

Updated 07 Apr, 2022 07:31pm

Business & Finance

SBP conducts auction for MTBs: Cut-off yield rises by up to 80bps

KARACHI: The cut-off yield of short-term government papers further rose by up to 80 basis points (bps) in the ...

Updated 07 Apr, 2022 01:33pm

Opinion

Hawkish Fed haunts SBP

Now you know why the State Bank of Pakistan (SBP) implied that the monetary policy committee (MPC) might meet before...

Published 24 Mar, 2022 05:36am

Business & Finance

Long-term govt securities: cut-off yields soar to 115bps

KARACHI: The cut-off yields on the long-term government securities rose sharply up to 115 basis points in the ...

Published 17 Mar, 2022 04:53am

Opinion

Wait-and-see policy of SBP

The latest Monetary Policy Statement (MPS) was issued by the SBP on the 8th of March. Since the Russian-Ukraine war...

Published 15 Mar, 2022 05:43am

Editorials

Has monetary policy been effective?

EDITORIAL: According to Monetary Policy Statement (MPS) of State Bank of Pakistan (SBP), Monetary Policy Committee...

Published 10 Mar, 2022 06:30am

Business & Finance

SBP keeps interest rate unchanged at 9.75%

State Bank of Pakistan says outlook for inflation has 'improved following government's relief package announced last week'

Updated 08 Mar, 2022 10:58pm

Markets

Rupee falls near historic low against US dollar as oil prices jump

Depreciates 0.35% in inter-bank market on Monday

Updated 07 Mar, 2022 09:11pm

Perspectives

Monetary policy: between a rock and a hard place

The State Bank of Pakistan (SBP) is due to announce its monetary policy statement on March 8, 2022. Recent surveys...

Published 07 Mar, 2022 10:07am

Business & Finance

Market divided over upcoming monetary policy decision

Monetary Policy Committee (MPC) of the State Bank of Pakistan is scheduled to meet on March 8

Updated 03 Mar, 2022 05:47pm

Markets

Pakistan's January inflation reading hits 13%, highest in two years

Consumer Price Index (CPI) clocks in at 12.96%, highest since January 2020 when it stood at 14.6%

Updated 01 Feb, 2022 01:27pm

Editorials

MPC acts prudently but prudence is not enough

EDITORIAL: Governor State Bank of Pakistan Dr Reza Baqir, flanked by three other senior officials, addressed a press...

Published 26 Jan, 2022 04:41am

Business & Finance

Monetary policy: how Pakistan's key interest rate has moved over time

Since 2016, the interest rate has moved in a wide band of 750 basis points

Published 24 Jan, 2022 08:18pm

Markets

KSE-100 finishes lower ahead of monetary policy announcement

Index down 0.21% on Monday

Published 24 Jan, 2022 07:31pm

Markets

Rupee loses ground against US dollar, falls 0.14%

Closes at 176.49 in inter-bank market on Monday

Updated 24 Jan, 2022 08:57pm

Business & Finance

Monetary policy: SBP keeps policy rate unchanged at 9.75%

Several developments suggest demand moderating measures are gaining traction and have improved the outlook for inflation, says Monetary Policy Committee

Updated 24 Jan, 2022 05:59pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 22	278.62
USD PKR Interbank Buying / May 22	278.42
USD to Japanese Yen / May 22	156.82
USD to Swiss Franc / May 22	0.92
Pound Sterling to USD / May 22	1.27
Euro to USD / May 22	1.08

Stock	Volume
S&P 500 / May 22	5307.01
India Sensex / May 22	74221.06
Tokyo Nikkei / May 22	38876.82
Nasdaq / May 22	16801.54
Hang Seng / May 22	19024.41
FTSE 100 / May 22	8370.33
Dow Jones / May 22	39671.04
Germany DAX 30 / May 22	18680.20

Item	Value
Crude Oil USD/Barrel / May 22	76.88
Karachi Cotton PKR/37.32 KG / May 22	19935
Gold 10 Grams PKR / May 22	212791
Gold Spot USD/Ounce / May 22	2371.48
Cotton US¢/pound / May 22	79
Petrol/Litre / May 23	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 23 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 23 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 23 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 23 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 23 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 23 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 23 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 23 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 23 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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