Trends - policy rate - Business Recorder

policy rate

SDR allocation, monetary tightening, inflation, and banking crisis

While the International Monetary Fund (IMF) continues to not provide a much-needed special drawing rights (SDRs)...

Published 31 Mar, 2023 06:45am

Pakistan

Technical-level talks with IMF are over: Ishaq Dar

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

Updated 30 Mar, 2023 08:53pm

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 19	278.45
USD PKR Interbank Buying / Apr 19	278.15
USD to Japanese Yen / Apr 19	154.37
USD to Swiss Franc / Apr 19	0.91
Pound Sterling to USD / Apr 19	1.24
Euro to USD / Apr 19	1.06

Stock	Volume
S&P 500 / Apr 18	5011.12
Nasdaq / Apr 18	15601.50
Dow Jones / Apr 18	37775.38
India Sensex / Apr 19	72222.48
Tokyo Nikkei / Apr 19	37068.35
Hang Seng / Apr 19	16205.02
FTSE 100 / Apr 19	7834.89
Germany DAX 30 / Apr 19	17717.67

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 18	21735
Gold 10 Grams PKR / Apr 18	214077
Petrol/Litre / Apr 19	293.94
Crude Oil USD/Barrel / Apr 19	84.27
Gold Spot USD/Ounce / Apr 19	2382.04
Diesel/Litre / Apr 19	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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