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SBP

PM tells SBP governor: Make housing finance easier, not harder

ISLAMABAD: Prime Minister Imran Khan Thursday asked governor State Bank of Pakistan (SBP) Dr Reza Baqir to ensure...

Updated 19 Mar, 2021 09:33am

Editorials

Roshan Digital Account: it’s really roshan

EDITORIAL: Roshan Digital Account (RDA) is fast becoming a success story. At the time of its launch, there were...

Published 19 Mar, 2021 05:32am

Pakistan

SBP says e-banking transactions worth Rs21.4trn conducted in Q2FY21

Total number of payment cards issued in the country stood at 44 million out of which 27.6 million are debit cards and 1.7 million are credit cards.

Published 18 Mar, 2021 05:41pm

Markets

Bears return at PSX, benchmark index drops over 700 points ahead of MPS

KSE-100 index recorded an intraday high of 45,612.95, however, the index failed to sustain the gains and slid to day’s low of 44,641.49.

Published 18 Mar, 2021 04:51pm

Business & Finance

Digital Financial Transactions show double-digit growth in Pakistan: SBP

“In the last few years, digital payment transactions in Pakistan have shown significant growth, reflecting the favourable impact of the SBP’s policies in shifting customer preferences. Expansion in digital payment infrastructure as well as the emergence of new payment aggregators have played a role in this growth,” said SBP.

Published 18 Mar, 2021 02:12pm

Business & Finance

PM Khan assures to allocate more funds for housing program

The Prime Minister assured to allocate more funds for the housing program with the increase in the revenue of the government so that the working and the salaried class could build their houses.

Published 18 Mar, 2021 01:08pm

Business & Finance

Finance Ministry clarifies State Bank Amendment Act 2021

It is pertinent to mention that the SBP already has longstanding MoUs / arrangements with several international regulatory bodies/central banks, after approval of the Federal Government, read the ministry statement.

Published 18 Mar, 2021 10:56am

Opinion

1pc cut in policy rate needed to fuel economy

In its January Monetary Policy Statement (MPS), State Bank of Pakistan (SBP) was very clear about inflation and...

Published 18 Mar, 2021 03:56am

Jul-Feb FDI plunges 30pc YoY

KARACHI: Foreign Direct Investment (FDI) fell by 30 percent during the first eight months of this fiscal year ...

Published 18 Mar, 2021 03:56am

Business & Finance

Pakistan FDI drops over 29pc in first eight months of FY21

During the period under review, FDI inflows stood at $1.984 billion against the outflow of $ 683.6 million.
FDI fell by 44.04pc on a YoY basis to $155 million in the month of February 2021 as compared to the same month in 2020.

Updated 17 Mar, 2021 12:55pm

Business & Finance

Market players expect no change in upcoming MPS

The SBP’s Monetary Policy Committee (MPC) is scheduled to meet on March 19 to decide about the monetary policy.

Published 17 Mar, 2021 10:35am

Pakistan

MPS on Friday: Key policy rate may be kept unchanged

KARACHI: The State Bank of Pakistan (SBP) will unveil the Monetary Policy Statement on Friday (Mar 19). The SBP’s...

Updated 17 Mar, 2021 09:47am

Pakistan

Beware of investing in fraudulent schemes: SECP

ISLAMABAD: The Securities and Exchange Commission (SECP), to promote protection of investors and the public ...

Published 17 Mar, 2021 04:45am

Banks told: No paper-based submission of forex cases by June

KARACHI: The State Bank of Pakistan (SBP) has advised banks to complete development of portals, on-boarding and...

Published 17 Mar, 2021 04:45am

Pakistan

SBP to issue monetary policy on March 17

SBP has kept the interest rate unchanged since July 2020, when it was cut by 100 bps from 8%. In January 2020, it was 13.25 %.

Published 16 Mar, 2021 09:31pm

Pakistan

SBP facilitates business community thru digitalization for forex cases in banking

SBP instructed banks to develop portals to facilitate their customers for online submission of cases to banks and abolish paper based case submission.

Published 16 Mar, 2021 07:39pm

Pakistan

State Bank advises all banks to implement digital portals

It has further been advised that banks must make comprehensive arrangements for any contingency and ensure business continuity in case of disruption in their portals.

Published 16 Mar, 2021 07:27pm

Business & Finance

Paper-based submission of FX related cases to discontinue by June 30: SBP

In this backdrop, 21 ADs have already developed their portals, started onboarding their customers and receiving FX cases digitally, while the rest are in process of developing their digital platforms/ portals.

Updated 16 Mar, 2021 04:34pm

Business & Finance

SBP to announce Monetary Policy on Friday

Later on, SBP will issue the Monetary Policy Statement on the same day.

Published 16 Mar, 2021 01:23pm

Markets

State Bank of Pakistan conversion rates

KARACHI: Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates,...

Published 16 Mar, 2021 04:43am

Opinion

Rising inflation

Various price indices have risen exponentially in recent weeks. This trend is best revealed by the movement of the...

Published 16 Mar, 2021 04:43am

Women’s financial inclusion: SBP taking certain initiatives: Baqir

KARACHI: Governor State Bank of Pakistan (SBP) Dr. Reza Baqir Monday said the SBP is fully facilitating women...

Published 16 Mar, 2021 04:43am

Hafeez quizzed by Cabinet colleagues about IMF conditions

ISLAMABAD: Finance Minister, Dr Abdul Hafeez Shaikh is said to have been asked by some of his Cabinet colleagues to...

Updated 16 Mar, 2021 09:33am

Business & Finance

Women financial inclusion vital for economic growth, stresses SBP Baqir

“50 percent of the country's asset base as far as human resources are concerned are women. So we would not be doing justice as a country for our economic aspirations if we do not recognize that such sector of the society has to be supported so that they can play the role in the economic development of our country,” said Baqir.

Published 15 Mar, 2021 02:23pm

Opinion

LSM performance

Pakistan Bureau of Statistics (PBS) recent data indicates that the large scale manufacturing sector (LSM) has grown...

Published 15 Mar, 2021 05:22am

Opinion

Tax exemptions - mixed signals

A money bill (amendments in Income Tax Ordinance) is making rounds over social media. Initially-proposed by the...

Published 14 Mar, 2021 04:13am

Alvi sees steady improvement in economy

• SBP governor Baqir says marked growth can be registered in Digital Financial Services sector in a short span of...

Published 14 Mar, 2021 04:13am

Markets

State Bank of Pakistan conversion rates

KARACHI: Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates,...

Published 13 Mar, 2021 04:28am

Markets

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Friday (March 12, 2021). ========================== ...

Published 13 Mar, 2021 04:28am

RDAs exceed 0.1m mark in 6 months: SBP

KARACHI: The newly-launched Roshan Digital Account, a banking solution for Non-Resident Pakistanis (NRPs), has...

Published 13 Mar, 2021 04:28am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 10	278.14
USD PKR Interbank Buying / May 10	277.97
USD to Japanese Yen / May 10	155.78
USD to Swiss Franc / May 10	0.91
Pound Sterling to USD / May 10	1.25
Euro to USD / May 10	1.08

Stock	Volume
S&P 500 / May 10	5222.68
India Sensex / May 10	72664.47
Tokyo Nikkei / May 10	38229.11
Nasdaq / May 10	16340.87
Hang Seng / May 10	18963.68
FTSE 100 / May 10	8433.76
Dow Jones / May 10	39512.84
Germany DAX 30 / May 10	18772.85

Item	Value
Crude Oil USD/Barrel / May 10	78.26
Gold Spot USD/Ounce / May 10	2360.50
Cotton US¢/pound / May 10	77.31
Karachi Cotton PKR/37.32 KG / May 11	19935
Gold 10 Grams PKR / May 11	208762
Petrol/Litre / May 12	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 12 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 12 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 12 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 12 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 12 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 12 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 12 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 12 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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