Trends - SBP - Business Recorder

SBP

Back to losing ways: SBP-held forex reserves fall $354mn, now stand at $4.2bn

Decrease comes due to external debt repayment

Updated 30 Mar, 2023 08:18pm

IMF’s ingenious approach the only hurdle to bailout

Minister of State for Finance Dr Aisha Ghaus-Pasha says the fund wants to independently verify commitments from friendly countries

Updated 30 Mar, 2023 09:27am

Business & Finance

Collection of govt duties, taxes: Banks to observe extended hours on 30th & 31st

KARACHI: The State Bank of Pakistan (SBP) Wednesday announced all branches of banks and field offices of SBP Banking...

Published 30 Mar, 2023 06:35am

July 1-March 11: Rs2.6trn borrowed for budgetary support

KARACHI: The cash-strapped federal government borrowed over Rs2.6 trillion from the banking system for budgetary...

Updated 29 Mar, 2023 09:07am

Remittances: APL says can invoke force majeure

ISLAMABAD: M/s Atlas Power Limited (APL) has warned the government that it would announce force majeure under the...

Updated 29 Mar, 2023 09:03am

BR Research

SBP move leaves fintechs baffled

SBP has recently made some changes in the fee and cost structure of payments associated with cards (debit and...

Published 28 Mar, 2023 08:56am

Opinion

The economic malaise

Pakistan today faces the worst financial crisis in its 75-year history. This is attributable to both long-term ...

Updated 28 Mar, 2023 06:52am

FBR implements ‘blue channel facility’

ISLAMABAD: The Federal Board of Revenue (FBR) has implemented the “Blue Channel facility” under the Risk...

Updated 28 Mar, 2023 08:47am

Tax evasion: FBR admits it lacks capacity to analyse big data

ISLAMABAD: The Federal Board of Revenue (FBR) has admitted that the tax machinery lacks the capacity to analyse big...

Updated 28 Mar, 2023 08:46am

Jul-Feb repatriation of profit, dividend plunge 80pc YoY: Import curbs hurt investors in equal measure

State Bank of Pakistan says foreign investors repatriated $225.1 million during July-Feb of FY23

Updated 28 Mar, 2023 08:53am

Markets

Rupee falls against US dollar, settles at 283.58

Currency depreciates 0.13% in inter-bank market

Updated 27 Mar, 2023 08:03pm

Opinion

The IMF-govt trust deficit

The Pakistani public is being subjected to extremely disturbing macroeconomic indicators with each subsequent update...

Published 27 Mar, 2023 06:15am

Opinion

Stop blaming the IMF!

It has been forty days since the IMF’s (International Monetary Fund’s) technical talks concluded, but there have...

Published 27 Mar, 2023 06:15am

Business & Finance

SBP urged to adopt accommodative policy stance

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) on Sunday urged the...

Published 27 Mar, 2023 06:15am

Opinion

The challenge of rising interest rates

While inflation has become a major topic for debate in today’s world politics, it is actually a tale as old as...

Published 26 Mar, 2023 03:19am

PSA seeks annual limit of $800m for solar imports

ISLAMABAD: The Pakistan Solar Association (PSA) has sought an annual limit of $ 800 million for import of solar...

Updated 26 Mar, 2023 10:25am

Pakistan

Hajj applications: Authorised banks to remain open on Saturday, Sunday

KARACHI: The State Bank of Pakistan (SBP) has announced that branches of authorized banks to remain open on Saturday...

Published 25 Mar, 2023 06:25am

Cash margin requirement on goods import removed

KARACHI: The State Bank of Pakistan (SBP) Friday announced the removal of Cash Margin Requirement (CMR) on import of...

Updated 25 Mar, 2023 08:49am

Non-residents: REIT RMCs allowed to issue units thru private placements

KARACHI: The State Bank of Pakistan (SBP) has granted general permission to Real Estate Investment Trust (REIT)...

Updated 25 Mar, 2023 08:46am

Business & Finance

50pc information & telecom sector exports undocumented: Ministry

ISLAMABAD: The Ministry of Information Technology and Telecommunication, on Friday, revealed that of the total $5...

Published 25 Mar, 2023 06:25am

Forex reserves cross $10bn mark

KARACHI: The country‘s total liquid foreign exchange reserves crossed the $10 billion mark supported by foreign...

Updated 25 Mar, 2023 08:50am

Markets

SBP-held forex reserves increase $280mn, now stand at $4.6bn

This is the sixth successive increase in reserves on a weekly basis

Updated 24 Mar, 2023 05:08pm

Business & Finance

Import restrictions: Indus Motor suspends production again

This is Indus Motor’s second announcement of production closure this year

Updated 24 Mar, 2023 04:36pm

Editorials

Back to basics

EDITORIAL: Of all the ideas being tossed around these days, from all quarters, to control deficits and rescue the...

Published 24 Mar, 2023 05:55am

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

Clearance of SME Bank depositors’ liabilities: Rs5.557bn savings from closed ADB FMGP project loan to be used

ISLAMABAD: The federal government has decided to use funds of Rs 5.557 billion savings from the closed ADB Financial...

Updated 24 Mar, 2023 08:50am

Sports

‘Inter-Bank Regional Cricket Tournament’: Sindh Bank crowned champions

KARACHI: The finals of the 19th Governor Cup 2023 Inter Bank Regional Cricket Tournament of Karachi Region was held...

Published 23 Mar, 2023 05:47am

Pakistan

Banking hours in Ramazan

KARACHI: The State Bank of Pakistan (SBP) has announced office and business hours for the Month of Ramazan ul ...

Updated 23 Mar, 2023 06:15am

Business & Finance

Import restrictions: Bannu Woollen Mills shuts production for 6 weeks

Cites current economic situation and its effect on the ability of the banks to open LCs for import of raw materials as reason

Updated 22 Mar, 2023 09:32pm

Business & Finance

Bank holiday

KARACHI: The State Bank of Pakistan (SBP) will remain closed for public dealing on Friday, March 24, 2023, which...

Published 22 Mar, 2023 07:41am

Gainers
Losers
Leaders

Stock	Price
Chakwal Spinning / Mar 30 Chakwal Spinning Mills Limited(CWSM)	1.36 ▲ 0.20 (17.24%)
First IBL Mod. / Mar 30 First IBL Modaraba(FIBLM)	5.90 ▲ 0.60 (11.32%)
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%)
Premier Insurance / Mar 30 Premier Insurance Limited(PINL)	7.50 ▲ 0.63 (9.17%)
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%)
Khyber Tex. / Mar 30 Khyber Textile Mills Limited(KHYT)	397.42 ▲ 27.72 (7.50%)
Suraj Cotton / Mar 30 Suraj Cotton Mills Limited(SURC)	102.53 ▲ 7.15 (7.50%)

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%)
Gadoon Textile / Mar 30 Gadoon Textile Mills Limited(GADT)	192.50 ▼ -15.30 (-7.36%)
Philip Morris Pak. / Mar 30 Philip Morris (Pakistan) Limited(PMPK)	461 ▼ -36.43 (-7.32%)
Pakistan Services / Mar 30 Pakistan Services Limited(PSEL)	876 ▼ -69.10 (-7.31%)
Shield Corp. / Mar 30 Shield Corporation Limited(SCL)	282 ▼ -22.00 (-7.24%)
Bal. Wheel / Mar 30 Baluchistan Wheels Limited(BWHL)	68.42 ▼ -5.18 (-7.04%)
JDW Sugar / Mar 30 JDW Sugar Mills Limited(JDWS)	356 ▼ -26.79 (-7.00%)

Stock	Volume
Telecard Limited / Mar 30 Telecard Limited(TELE)	12,447,500 ▼ -0.21
WorldCall Telecom / Mar 30 Worldcall Telecom Limited(WTL)	9,398,662 ▲ 0.01
Pakistan Alumin / Mar 30 Pakistan Aluminium Beverage Cans Limited(PABC)	7,638,000 ▲ 0.23
Pak Elektron / Mar 30 Pak Elektron Limited(PAEL)	6,136,500 ▼ -0.05
Pak Int.Bulk / Mar 30 Pakistan International Bulk Terminal(PIBTL)	6,018,500 ▲ 0.08
Engro Corp / Mar 30 Engro Corporation Limited(ENGRO)	5,429,492 ▼ -0.02
Nishat Mills Ltd / Mar 30 Nishat Mills Limited(NML)	4,517,879 ▲ 0.46
Shifa Int.Hosp / Mar 30 Shifa International Hospitals Limited(SHFA)	4,299,000 ▼ -1.99
Agha Steel Ind. / Mar 30 Agha Steel Ind.Ltd(AGHA)	3,645,000 ▲ 0.36
K-Electric Ltd. / Mar 30 K-Electric Limited(KEL)	3,416,092 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 30	285.65
USD PKR Interbank Buying / Mar 30	283.65
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	20309.13
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

SBP

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