Trends - policy rate - Business Recorder

policy rate

Technical-level talks with IMF complete: Ishaq Dar

Finance minister holds back from giving timeline on when deal will be inked

Published 30 Mar, 2023 01:14pm

Likely hike in policy rate: T-bills RoR soars to 22pc

KARACHI: Rate of return on short-term government papers rose to 22 percent on expected hike in the key policy rate ...

Updated 24 Mar, 2023 08:53am

Pakistan

Further hike in policy rate on the cards as inflation runs deep in Pakistan

Brokerage house AHL says it expects an increase of 100bps in upcoming meeting on April 4

Updated 18 Mar, 2023 03:29pm

Business & Finance

Country to be on brink of default for foreseeable future: FPCCI

KARACHI: President of the FPCCI Irfan Iqbal Sheikh has stressed that it is the collective wisdom of the entire...

Published 10 Mar, 2023 03:46am

Auction for MTBs: Rs1.57trn raised against Rs1.8trn target

KARACHI: The returns on short-term government papers rose to 21 percent in the auction held Wednesday, mainly due to...

Updated 09 Mar, 2023 08:54am

Editorials

MPS: steep rate hike to tame inflation

EDITORIAL: In spite of the Monetary Policy Committee’s (MPC’s) decision to raise the discount rate to 20 percent...

Published 06 Mar, 2023 06:22am

Business & Finance

Businesspeople assail 300bps hike in interest rate

KARACHI: Business community has termed high interest rate disastrous for industries, SMEs. Irfan Iqbal Sheikh,...

Published 04 Mar, 2023 07:00am

Markets

Rupee reverses losing trajectory, gains 2.38% against US dollar

Currency settles at 278.46 in inter-bank market

Updated 03 Mar, 2023 08:46pm

Policy rate hiked by 300bps to 20pc to tame inflation

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Thursday increased the key...

Updated 03 Mar, 2023 08:53am

Overnight Reverse Repo (Ceiling) rate fixed at 21pc

KARACHI: As the State Bank of Pakistan (SBP) has decided to increase “Policy Rate” (Target Rate) from 17 percent...

Updated 03 Mar, 2023 09:00am

Opinion

300bps hike in interest rate: unbelievable!

Raising interest rate by 300 basis points (bps) to 20 percent by State Bank of Pakistan is highly unbelievable. A...

Published 03 Mar, 2023 06:12am

Markets

SBP raises key interest rate by 300bps, takes it to 20%

Monetary Policy Committee expects inflation to rise further in the next few months
Also moves next MPC meeting to April 4 from April 27

Updated 02 Mar, 2023 09:20pm

Opinion

Past the point of no return!

For weeks noted economists and economic researchers have cited numerous indicators, like low foreign exchange...

Updated 02 Mar, 2023 06:51am

MPC to meet today

KARACHI: The emergent meeting of the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will be ...

Updated 02 Mar, 2023 09:13am

MPC to meet tomorrow: Hike in policy rate on the cards?

KARACHI: The SBP’s Monetary Policy Committee (MPC) meeting has preponed and now it will be held on March 02, 2023...

Updated 01 Mar, 2023 09:10am

MoF says inflation likely to remain high in coming months

ISLAMABAD: Inflation is expected to remain high in the coming months around 28 to 30 percent consequent to uncertain...

Updated 01 Mar, 2023 09:06am

Business & Finance

MPC meeting on March 2: market expects 200bps hike in key policy rate

In a widely expected move, the State Bank of Pakistan (SBP) on Tuesday morning announced that its Monetary Policy...

Updated 28 Feb, 2023 04:59pm

Business & Finance

MPC meeting preponed, will now be held on March 2, says SBP

Multiple and unexpected developments on the economic front have forced the SBP to call the Monetary Policy Committee meeting earlier than scheduled

Updated 28 Feb, 2023 04:46pm

SBP decides to convene emergent MPC meeting this week

KARACHI: The State Bank of Pakistan (SBP) has decided to convene an emergency meeting of the Monetary Policy...

Updated 28 Feb, 2023 09:39am

Opinion

Should the MPC meeting be preponed?

The most concerning and alarming element in the macro numbers is that inflation is growing out of control. Food...

Published 27 Feb, 2023 06:17am

Opinion

Outsourcing govt borrowing!

On Friday Feb 24, a news report appeared in this newspaper that the ministry of finance (MoF) is working on a plan ...

Published 27 Feb, 2023 06:17am

Fitch says PKR to further weaken

ISLAMABAD: The Pakistani rupee is expected to weaken further, particularly with the country’s balance of payments...

Updated 01 Feb, 2023 11:30am

Opinion

State of the economy

The first six months of 2022-23 have witnessed considerable uncertainty about country’s economic prospects. ...

Published 31 Jan, 2023 06:01am

Business & Finance

Poor access to capital for businesses worries FPCCI chief

KARACHI: Irfan Iqbal Sheikh, the president of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has...

Published 31 Jan, 2023 06:01am

SBP says curbing inflation critical to achieving growth

KARACHI: The State Bank of Pakistan (SBP) believed that curbing inflation is essential for ensuring sustainable...

Updated 31 Jan, 2023 09:00am

Pakistan

SBP says it recognises cost of monetary tightening, but curbing inflation essential

The State Bank of Pakistan (SBP) says that it recognises the short-term cost of monetary tightening on economic...

Published 30 Jan, 2023 07:50pm

EAG concerned at ‘inadequate’ SBP response

Economic Advisory Group stresses the need for meaningful reforms to achieve sustainable growth, instead of relying on policies that become a source of economic instability

Updated 30 Jan, 2023 09:22am

Dar challenges financial figures presented by IK

ISLAMABAD: Finance Minister Ishaq Dar has accused former prime minister Imran Khan of presenting inaccurate economic...

Updated 28 Jan, 2023 08:44am

Opinion

Prices and inflation

It is quite clear that overall the monetary policy tool of raising policy rate to rein in inflation has not had any...

Updated 27 Jan, 2023 07:57am

Editorials

Policy rate hiked to 17pc: will it work?

EDITORIAL: The most critical, albeit baffling, revelation made by the Governor State Bank of Pakistan (SBP) Jameel...

Published 25 Jan, 2023 06:25am

Gainers
Losers
Leaders

Stock	Price
Chakwal Spinning / Mar 30 Chakwal Spinning Mills Limited(CWSM)	1.36 ▲ 0.20 (17.24%)
First Pak Mod. / Mar 30 First Pak Modaraba(PAKMI)	1.34 ▲ 0.13 (10.74%)
Dewan Sugar / Mar 30 Dewan Sugar Mills Limited(DWSM)	2.57 ▲ 0.23 (9.83%)
Unicap Modaraba / Mar 30 Unicap Modaraba(UCAPM)	1.77 ▲ 0.15 (9.26%)
B.R.R.Guardian / Mar 30 B.R.R. Guardian Modaraba(BRR)	12.04 ▲ 0.99 (8.96%)
Ismail Ind. / Mar 30 Ismail Industries Limited(ISIL)	518.26 ▲ 36.15 (7.50%)
K.S.B.Pumps / Mar 30 KSB Pumps Company Limited(KSBP)	110.72 ▲ 7.72 (7.50%)
Towellers Ltd. / Mar 30 Towellers Limited(TOWL)	233.92 ▲ 16.32 (7.50%)
Janana D Mal / Mar 30 Janana De Malucho Textile Mills Limited(JDMT)	41.33 ▲ 2.88 (7.49%)
Nagina Cot. / Mar 30 Nagina Cotton Mills Limited(NAGC)	59.87 ▲ 4.17 (7.49%)

Stock	Price
First Prudential Mod. / Mar 30 First Prudential Modaraba(PMI)	1.40 ▼ -0.24 (-14.63%)
Trust Mod. / Mar 30 Trust Modaraba(TRSM)	1.30 ▼ -0.20 (-13.33%)
Sapphire Fibres / Mar 30 Sapphire Fibres Limited(SFL)	1018 ▼ -82.00 (-7.45%)
Sardar Chemical / Mar 30 Sardar Chemical Industries Limited(SARC)	32 ▼ -2.55 (-7.38%)
Philip Morris Pak. / Mar 30 Philip Morris (Pakistan) Limited(PMPK)	461 ▼ -36.43 (-7.32%)
Shield Corp. / Mar 30 Shield Corporation Limited(SCL)	282 ▼ -22.00 (-7.24%)
JDW Sugar / Mar 30 JDW Sugar Mills Limited(JDWS)	356 ▼ -26.79 (-7.00%)
Gillette Pak / Mar 30 Gillette Pakistan Limited(GLPL)	113.11 ▼ -8.00 (-6.61%)
AL-Abbas Sugar / Mar 30 Al-Abbas Sugar Mills Limited(AABS)	345.20 ▼ -24.31 (-6.58%)
Invest Bank / Mar 30 Invest Capital Investment Bank Limited(ICIBL)	1.12 ▼ -0.07 (-5.88%)

Stock	Volume
Telecard Limited / Mar 30 Telecard Limited(TELE)	12,447,500 ▼ -0.27
WorldCall Telecom / Mar 30 Worldcall Telecom Limited(WTL)	9,398,662 ▲ 0.00
Pakistan Alumin / Mar 30 Pakistan Aluminium Beverage Cans Limited(PABC)	7,638,000 ▲ 0.20
Pak Int.Bulk / Mar 30 Pakistan International Bulk Terminal(PIBTL)	6,018,500 ▲ 0.03
Pak Elektron / Mar 30 Pak Elektron Limited(PAEL)	5,815,500 ▼ -0.01
Nishat Mills Ltd / Mar 30 Nishat Mills Limited(NML)	4,517,879 ▲ 0.47
Shifa Int.Hosp / Mar 30 Shifa International Hospitals Limited(SHFA)	4,299,000 ▼ -1.02
Engro Corp / Mar 30 Engro Corporation Limited(ENGRO)	3,676,648 ▼ -0.01
Agha Steel Ind. / Mar 30 Agha Steel Ind.Ltd(AGHA)	3,347,000 ▲ 0.24
Oil & Gas Dev. / Mar 30 Oil & Gas Development Company Limited(OGDC)	2,864,156 ▼ -0.34

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 30	284.05
USD PKR Interbank Buying / Mar 30	283.80
USD to Japanese Yen / Mar 30	132.47
USD to Swiss Franc / Mar 30	0.92
Pound Sterling to USD / Mar 30	1.23
Euro to USD / Mar 30	1.08
UK LIBOR % / Mar 29	4.81

Stock	Volume
S&P 500 / Mar 29	4027.81
India Sensex / Mar 29	57960.09
Nasdaq / Mar 29	11926.24
Dow Jones / Mar 29	32717.60
Tokyo Nikkei / Mar 30	27782.93
Hang Seng / Mar 30	20165.78
FTSE 100 / Mar 30	7578.80
Germany DAX 30 / Mar 30	15430.39
France CAC40 / Mar 30	7235.99

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 29	18935
Gold 10 Grams PKR / Mar 29	176268
Crude Oil USD/Barrel / Mar 30	72.81
Gold Spot USD/Ounce / Mar 30	1963.79
Cotton US¢/pound / Mar 30	82.34

policy rate

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