Trends - SBP - Business Recorder

SBP

Despite favorable environment, declining trend persist in private credit sector: SBP

Despite this favorable environment, the declining trend in the private credit, which had started from the third quarter of FY19, continued in Q1-FY21, stated the report.

Published 06 Jan, 2021 11:02am

Pakistan

China remains top importer, traded products over $4523 million in 5 months

The total imports from China during July-November (2020-21) were recorded at $4523.671 million against the $4025.183 million during July-November (2019-20).

Published 04 Jan, 2021 07:37pm

Pakistan

US, UK, China top three destinations of Pakistani exports in 5 months

Total exports to the USA during July-November (2020-21) were recorded at $ 1855.564 million, showing growth of 6.36 percent.

Published 31 Dec, 2020 08:11pm

Business & Finance

Pakistan's Total Liquid Foreign Reserves Reach US$ 20.25bn: SBP

Pakistan's total liquid foreign reserves stand at US$ 20.25 billion as of December 24, 2020, as reported by the State Bank of Pakistan.

Updated 31 Dec, 2020 05:59pm

Pakistan

Amid Covid-19, economy witnesses considerable recovery in 5 months of FY21

Governor SBP briefed that Monetary Policy was accommodative due to COVID-19 and has paved way for economic recovery.

Published 24 Dec, 2020 07:34pm

Business & Finance

PM thanks Overseas Pakistanis as amount remitted in Roshan Digital Account crosses $200 million

I want to thank our great asset, Overseas Pakistanis. MashaAllah funds sent by them through Roshan Digital Accounts created by SBP crossed $200 mn yesterday," PM tweeted.
Roshan Digital Account provides innovative banking solutions for millions of non-resident Pakistanis (NRPs).

Updated 24 Dec, 2020 10:10am

Pakistan

President appreciates efforts to overcome current account deficit

Dr. Alvi also retweeted a graph of State Bank of Pakistan showing the positive indicators along with his tweet.

Published 23 Dec, 2020 12:21am

Business & Finance

Pakistan’s Current Account Surplus rose further, FX reserves at highest level in 3 years

As per the central bank's latest data, so far in FY21, the current account surplus has reached $1.6 billion compared to a deficit of $1.7 billion recorded over the same period last year.
- At $13.1bn, FX Reserves are now at their highest level in 3 years.

Published 22 Dec, 2020 09:44am

Business & Finance

COVID-19 Measures: SBP defers over Rs 657bn under Refinance Scheme

Under its Rozgar scheme for protecting businesses and employees working with them from the impact of COVID-19, the central bank has so far approved Rs 238.2 billion for 2,958 businesses.

Published 21 Dec, 2020 01:20pm

Business & Finance

Approved financing under TERF reach over Rs 222bn in Dec: SBP

This could be reflected by the increase in requested amount from Rs 36.1 billion by end April 2020 to Rs 517.4 billion by Dec 10, 2020.

Updated 16 Dec, 2020 01:06pm

Business & Finance

Global demand for Pakistan’s goods rise, amid timely govt measures: Baqir

He said that as the global demand returns, the demand for Pakistani products is increasing which has lead to increase orders for our exporters.

Published 16 Dec, 2020 10:35am

Business & Finance

Roshan Digital Account: Daily inward Remittances set another Record

The inward remittances from overseas Pakistanis into RDA touched another daily high with inflows of $11.2 million on 11 December 2020.

Published 14 Dec, 2020 10:45am

Business & Finance

Need to sustain strong Remittances flow to get ‘true economic independence’: Asad

The minister in a tweet post on Friday said that strong remittance flows are significantly helping with Pakistan’s external account.

Published 11 Dec, 2020 12:11pm

Business & Finance

Trend Continues; Remittances from Overseas Pakistanis remain above $2bn

In aggregate, remittances rose to an unprecedented $11.8 billion during Jul-Nov FY21, 26.9pc higher than the same period last year.

Updated 11 Dec, 2020 11:43am

Pakistan

SBP Governor appointed as Deputy Chairman of Council of IFSB

SBP has played an active role in achieving the objectives of the IFSB through representation at various forums.

Published 11 Dec, 2020 12:50am

Business & Finance

Govt decides to ban sale of Rs. 25,000 prize bonds with immediate effect

As per the notification, National Prize Bonds of Rs. 25,000 denomination shall not be sold with immediate effect and will not be encashed / redeemed after 31st May 2021.

Published 10 Dec, 2020 12:56pm

Business & Finance

E-Banking Transactions Increase by 25 pc amidst Pandemic: SBP

The use of e-Banking Channels has witnessed an increase as transaction rise by 25 percent in value and 23 percent in volume in the 1QFY21 as compared to 4QFY20, according to the State Bank of Pakistan (SBP).

Updated 04 Dec, 2020 03:58pm

Business & Finance

Pakistan’s exports witness strong recovery’ despite COVID resurgence: SBP

The central bank shared data from the Pakistan Bureau of Statistics, showing a sharp recovery of Pakistan’s exports during the year, marred by the coronavirus pandemic.

Updated 04 Dec, 2020 03:58pm

Business & Finance

SBP directs all Banks, DFIs to construct ramps at place of business

The central bank has decided to make it mandatory for all banks/ MFBs/ DFIs to construct ramps at all newly opened and existing place of business (excluding Mobile Banking Units) to make it accessible for persons with disabilities and wheelchair users.

Published 01 Dec, 2020 10:53am

Markets

SBP rejects allegations with respect to facilities provided to exporters

SBP said that similar facilities are also available to exporters in other regional countries.

Published 30 Nov, 2020 10:40am

Markets

Over $100mn deposited in Roshan Digital Accounts, $50mn invested in NPCs

The senator further informed that over 44,000 accounts have been opened by “our great Overseas Pakistanis.”

Published 26 Nov, 2020 12:15pm

Business & Finance

Pakistan sees 'light at the end of the tunnel’ as domestic activity indicators pickup: Baqir

The Governor said that the committee kept unchanged its projection for growth this fiscal year at about 2 percent.

Published 25 Nov, 2020 11:26am

Markets

SBP's Monetary Policy Committee maintain policy rate at 7pc

On the inflation front, recent out-turns have been on the higher side, primarily due to increases in food prices.
As per SBP, exports have recovered to their pre-COVID monthly level of around $2 billion in September and October, with the strongest recovery in textiles, rice, cement, chemicals, and pharmaceuticals.

Updated 23 Nov, 2020 04:08pm

Markets

SBP's MPS: Expert anticipates continuation of ‘accommodating monetary policy’

The analyst said that the SBP has forecasted headline inflation of 7-9pc, according to which the real interest rate is 0-2pc on a forward-looking basis which will probably be maintained.

Published 23 Nov, 2020 12:34pm

Business & Finance

SBP calls on concerted efforts to tackle high digital divide in Pakistan

The SBP report informed that amid COVID-19 businesses shift towards improving their online presence and as a result, the e-commerce market in FY20 is estimated to have expanded to Rs 234.6 billion, up 55.5 percent on YoY basis.
Within the digital payments, ecommerce transactions made via branchless banking channels more than doubled from last year.

Published 21 Nov, 2020 03:09pm

Business & Finance

Islamic Banking market share reaches 16pc

Moreover, at the end of September 2020, profit before tax of IBI stood at Rs 69.9 billion.

Published 21 Nov, 2020 11:17am

Business & Finance

State Bank MPC on Monday

Back in September, SBP decided to keep the policy rate unchanged at 7 percent.

Published 20 Nov, 2020 10:41am

Business & Finance

Pakistan’s C/A maintains surplus for fourth consecutive month

As per the central bank, this comes on the back of a sustained increase in remittances and a smaller trade deficit.

Updated 19 Nov, 2020 11:38am

Markets

The State of Pakistan's Economy: Prudent policies kept economy on stabilization path

According to the report, following difficult but necessary stabilization efforts during the first nine months of the fiscal year, Pakistan’s economy was well on course for a steady recovery on the eve of the Covid-19 pandemic.

Updated 18 Nov, 2020 01:31pm

Markets

State Bank allows Non-Resident Pakistani to open FCVA, NRVA

“A non-resident individual Pakistani” is eligible to open a Foreign Currency Value Account (FCVA). It is clarified that an individual non-resident, holding Pakistan Origin Card (POC) is also eligible to open FCVA."

Published 18 Nov, 2020 10:54am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 29	278.53
USD PKR Interbank Buying / Apr 29	278.03
USD to Japanese Yen / Apr 29	156.41
USD to Swiss Franc / Apr 29	0.91
Pound Sterling to USD / Apr 29	1.25
Euro to USD / Apr 29	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Dow Jones / Apr 26	38239.66
India Sensex / Apr 29	74257.68
Hang Seng / Apr 29	17861.75
FTSE 100 / Apr 29	8179.85
Germany DAX 30 / Apr 29	18202.27

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Crude Oil USD/Barrel / Apr 29	83.16
Gold 10 Grams PKR / Apr 29	209105
Gold Spot USD/Ounce / Apr 29	2332.70
Cotton US¢/pound / Apr 29	82.15
Petrol/Litre / Apr 30	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 30 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 30 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 30 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 30 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 30 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 30 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 30 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 30 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 30 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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