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SBP

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

Business & Finance

Pakistan's exports to the region fell by 24pc

The country's trade deficit with the regional countries declined during the period, as imports from those countries also declined.

Updated 17 Nov, 2020 03:31pm

Business & Finance

SBP makes amendments in Guidelines for White Label ATM Operators

Referring to the PSD Circular No 5 dated June 01, 2018, regarding “Guidelines on White Label ATM Operators” (Guidelines). The central bank in order to facilitate WLAOs and to bring more efficiency in cash management and settlement, the following amendments have been made in above Guidelines.

Published 17 Nov, 2020 12:35pm

Business & Finance

Pakistan’s October FDI witness yearly increase of over 150pc

Country-wise, China emerged as the top investor in Pakistan in October as it invested $228.7mn.

Updated 17 Nov, 2020 04:57pm

Business & Finance

SBP blocks payment for subscribing to India’s Zee5

The SBP says the ban was imposed at the behest of the federal government.

Published 13 Nov, 2020 11:28am

Business & Finance

What are the Naya Pakistan Certificates?

Alongside the Roshan Digital Accounts (RDAs)- the first initiative of its kind by the State Bank of Pakistan (SBP), the PM was of the view that the initiative of Naya Pakistan Certificates would add further value to the RDA.

Published 13 Nov, 2020 10:55am

Markets

SBP reserves increase by $558mn to US $12,740.5mn

The total liquid foreign reserves held by the country stood at US $19,906.9 million.

Published 12 Nov, 2020 07:27pm

Markets

PM to launch ‘Naya Pakistan Certificates’ for Overseas Pakistanis

He also said that according to Shariah principles and rules, Islamic certificates are also available, the certificates will be available for a period of 3 months to 5 years.

Published 12 Nov, 2020 12:58pm

Business & Finance

Pakistan’s Remittances remain over $2bn for Fifth consecutive month

The SBP informed that a large part of Year on Year increase in October 2020 was sourced from Saudi Arabia (30 percent), United States (16 percent) and United Kingdom (14.6 percent).

Published 12 Nov, 2020 10:39am

Pakistan

Despite COVID-19 impacts, banking sector assets expand 7.8 percent: SBP

Despite some increase in credit risk, banking sector demonstrated improved profitability and enhanced resilience.

Published 11 Nov, 2020 06:35pm

Pakistan

Around 4.37pc surplus witnessed in Pak-UK trade: SBP

On year-to-year basis, the exports to UK increased by 8.64 percent by going up from $141.5 million in September 2019.

Published 11 Nov, 2020 06:31pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 3	278.23
USD PKR Interbank Buying / May 3	278.03
USD to Japanese Yen / May 3	153.05
USD to Swiss Franc / May 3	0.91
Pound Sterling to USD / May 3	1.25
Euro to USD / May 3	1.08

Stock	Volume
S&P 500 / May 3	5127.79
India Sensex / May 3	73878.15
Tokyo Nikkei / May 3	38236.07
Nasdaq / May 3	16156.33
Hang Seng / May 3	18475.92
FTSE 100 / May 3	8213.49
Dow Jones / May 3	38675.68
Germany DAX 30 / May 3	18001.60

Item	Value
Crude Oil USD/Barrel / May 3	78.11
Karachi Cotton PKR/37.32 KG / May 3	20535
Gold 10 Grams PKR / May 3	205418
Gold Spot USD/Ounce / May 3	2301.74
Cotton US¢/pound / May 3	78.06
Petrol/Litre / May 5	288.49

Gainers
Losers
Leaders

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

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

Stock	Volume
P.I.A.C.(A) / May 5 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 5 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 5 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 5 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 5 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 5 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 5 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 5 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 5 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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