Topic

RMB

The Panda Bond opportunity

Published 30 Jan, 2025 06:47am

Pakistan’s financial future hangs in the balance as the country struggles to bridge its funding gap and strengthen...

Country preparing to launch yuan-denominated bonds: Aurangzeb

Updated 14 Jan, 2025 02:57pm

**ISLAMABAD: Finance Minister Muhammad Aurangzeb on Monday has said that the country is preparing to launch...

RMB, FDI, export-oriented enterprises: GFZ may be granted exemption to initiate pilot project

Updated 10 Oct, 2024 09:11am

ISLAMABAD: The government is likely to exempt Gwadar Free Zone (GFZ) from Import and Export Order and Foreign...

Is de-dollarisation on the move

Updated 30 Sep, 2024 08:09am

**This is the first of a two-part series on de-dollarisation. An exclusive report carried by Business Recorder...

Trade settlement in Chinese RMB soars 600pc

Updated 20 Jan, 2024 05:29pm

ISLAMABAD: Pakistan’s trade settlement in Chinese RMB has increased by 600 percent, ie, from 2 percent in 2018 to...

ICBC Karachi hosts ‘RMB Clearing Bank Grand Opening Ceremony’ in Islamabad

Published 30 Oct, 2023 05:24am

ISLAMABAD: The Industrial and Commercial Bank of China (ICBC) Karachi Branch proudly hosted the “RMB Clearing Bank...

Use of RMB: Regulatory framework put in place: minister

Updated 28 Oct, 2023 04:31pm

ISLAMABAD: Caretaker Finance Minister Dr Shamshad Akhtar Friday said the State Bank of Pakistan has already put in...

RMB clearing operations: milestone achieved

Updated 28 Oct, 2023 04:29pm

Governor State Bank of Pakistan Jameel Ahmed says role of renminbi is continuously increasing in the global economy and international financial markets

Dar lauds support as Bank of China’s second branch opens in Islamabad

Updated 31 Jul, 2023 05:34pm

Finance Minister Ishaq Dar on Monday lauded the role of China’s banking sector and its institutions for supporting...

Shift away from USD picking up the pace

Updated 15 Apr, 2023 07:33am

The mighty US dollar that reigned supreme for several decades is witnessing a challenge to its dominance. There is a...

Global currency: Govt supports China’s efforts to expand use of RMB

Updated 07 Apr, 2023 01:08pm

Pakistan is one of the leading countries to use RMB for international trade settlement, says minister Ahsan Iqbal

Misconceived ML-1 railway project

Published 19 Nov, 2022 06:17am

During a meeting between Chinese President Xi Jinping and Prime Minister Shehbaz Sharif early this month, both sides...

BMP for early establishment of PKR-RMB clearing arrangement

Published 07 Nov, 2022 07:34am

LAHORE: The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel (BMP) has called for...

China to help stabilise Pak economy: Xi

Updated 03 Nov, 2022 09:55am

BEIJING: China will continue to support Pakistan as it tries to stabilise its financial situation, state media...

RMB clearance: SBP signs MoU with Chinese bank

Updated 03 Nov, 2022 09:53am

KARACHI: The State Bank of Pakistan (SBP) and Peoples Bank of China (PBoC) signed a Memorandum of Understanding...

China’s yuan on track

Published 01 Nov, 2022 05:55am

SHANGHAI: China’s yuan weakened against the dollar on Monday and was on track for its eighth straight monthly...

Yuan slides to two-year low

Published 16 Sep, 2022 06:04am

SHANGHAI: China’s yuan traded offshore weakened to 7 per dollar in European hours on Thursday, as markets continue...

Resolution of key issues awaited: Chinese power companies still facing stumbling blocks

Updated 15 Aug, 2022 10:55am

ISLAMABAD: Chinese imported-coal fired power companies are reportedly still facing stumbling blocks in resolution of...

Reform and development of China’s financial sector

Published 06 Aug, 2022 04:02am

(—eighth part of the “China in the past decade” series) Since the 18th National Congress of the Communist ...

Port Qasim coal-fired power plant: Chinese propose use of RMB

Updated 01 Aug, 2022 09:48am

ISLAMABAD: Chinese coal power producers have shared their concerns with Prime Minister Shehbaz Sharif and proposed...

Gwadar Free Zone: Irked by rupee slide, Chinese for accounts in RMB

Updated 18 Jul, 2022 10:21am

Chinese investors in Gwadar have sought permission to maintain their bank accounts in RMB in Gwadar Free Zone without converting their money into Rupees

Forex reserves soar on $2bn Chinese inflows

Updated 01 Jul, 2022 09:45am

Country’s reserves were constantly on decline due to scheduled external debt servicing and financing of current account deficit

July-May period: C/A deficit crosses $15bn mark

Finance Division has been directed to take immediate measures to address the liquidity issues of CPEC IPPs

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 3	278.65
USD PKR Interbank Buying / Jun 3	278.45
USD to Japanese Yen / Jun 4	159.92
USD to Swiss Franc / Jun 4	0.79
Pound Sterling to USD / Jun 4	1.34
Euro to USD / Jun 4	1.16
SOFR % / Jun 3	3.63

Stock	Volume
S&P 500 / Jun 3	7,553.68
Nasdaq / Jun 3	26,853.97
FTSE 100 / Jun 3	10,332.30
Dow Jones / Jun 3	50,687.07
Germany DAX 30 / Jun 3	24,795.94
France CAC40 / Jun 3	8,150.42
India Sensex / Jun 4	74,289.24
Tokyo Nikkei / Jun 4	67,399.25
Hang Seng / Jun 4	25,221.79

Item	Value
Gold 10 Grams PKR / Jun 3	401,030
Petrol/Litre / Jun 4	381.78
Crude Oil USD/Barrel / Jun 4	95.52
Gold Spot USD/Ounce / Jun 4	4,475.32
Diesel/Litre / Jun 4	380.78
Cotton US¢/pound / Jun 4	80.34

Gainers
Losers
Leaders

Stock	Price
Azgard Nine (Non-Voti) / Jun 4 Azgard Nine (Non-Voti)(ANLNV)	8.40 ▲ 0.97 (13.06%)
First IBL Mod. / Jun 4 First IBL Modaraba(FIBLM)	11.41 ▲ 1.04 (10.03%)
Ruby Textile / Jun 4 Ruby Textile Mills Limited(RUBY)	18.67 ▲ 1.7 (10.02%)
Pak Qatar Gen.Takaful / Jun 4 Pak Qatar General Takaful Limited(PQGTL)	15.18 ▲ 1.38 (10%)
Pak Synthetics / Jun 4 Pakistan Synthetics Limited(PSYL)	127.36 ▲ 11.58 (10%)
Zuma Resources / Jun 4 Zuma Resources Limited(ZUMA)	72.62 ▲ 6.6 (10%)
Allawasaya Tex / Jun 4 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1,707.26 ▲ 155.21 (10%)
Nets Internat.Comm. / Jun 4 Nets International Communication Limited(GEMNETS)	27.95 ▲ 2.54 (10%)
Fateh Sports / Jun 4 Fateh Sports Wear Limited(FSWL)	88.32 ▲ 8.03 (10%)
Pak Qatar Family / Jun 4 Pak Qatar Family Takaful Limited(PAKQATAR)	25.43 ▲ 2.31 (9.99%)

Stock	Price
Security Investment Bank / Jun 4 Security Investment Bank Limited(SIBL)	6.71 ▼ -0.78 (-10.41%)
JS Global Cap. / Jun 4 JS Global Capital Limited(JSGCL)	150 ▼ -10.16 (-6.34%)
Dewan Textile / Jun 4 Dewan Textile Mills Limited(DWTM)	9.05 ▼ -0.59 (-6.12%)
Arpak Int. / Jun 4 Arpak International Investments Ltd.(ARPAK)	108.50 ▼ -6.95 (-6.02%)
Ahmad Hassan / Jun 4 Ahmad Hassan Textile Mills Limited(AHTM)	80 ▼ -5.11 (-6%)
Aisha Steel(ConPS) / Jun 4 Aisha Steel(ConPS)(ASLPS)	28 ▼ -1.78 (-5.98%)
Saritow Spinning / Jun 4 Saritow Spinning Mills Limited(SSML)	23.70 ▼ -1.28 (-5.12%)
Gulshan Sp. / Jun 4 Gulshan Spinning Mills Limited(GSPM)	5.90 ▼ -0.28 (-4.53%)
Cordoba Logistics / Jun 4 Cordoba Logistics & Ventures Limited(CLVL)	12.28 ▼ -0.55 (-4.29%)
Sindh Abadgar / Jun 4 Sindh Abadgar's Sugar Mills Limited(SASML)	388 ▼ -17 (-4.2%)

Stock	Volume
Beco Steel Ltd / Jun 4 Beco Steel Limited(BECO)	57,870,176 ▲ 0.39
P.T.C.L. / Jun 4 Pakistan Telecommunication Company Ltd(PTC)	14,805,643 ▲ 1.87
Pak Qatar Family / Jun 4 Pak Qatar Family Takaful Limited(PAKQATAR)	13,873,422 ▲ 2.31
Wasl Mobility Mod. / Jun 4 Wasl Mobility Modaraba(WASL)	12,847,158 ▲ 0.34
B.O.Punjab / Jun 4 The Bank of Punjab(BOP)	11,567,168 ▲ 0.41
TPL Properties / Jun 4 TPL Properties Limited(TPLP)	11,449,563 ▲ 0.44
Telecard Limited / Jun 4 Telecard Limited(TELE)	9,935,475 ▲ 0.37
Dewan Cement / Jun 4 Dewan Cement Limited(DCL)	9,164,716 ▼ -0.03
Cnergyico PK / Jun 4 Cnergyico PK Limited(CNERGY)	8,277,838 ▲ 0.06
Pak Int.Bulk / Jun 4 Pakistan International Bulk Terminal(PIBTL)	7,600,837 ▲ 0.33

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