Trends - SBP - Business Recorder

SBP

Export proceeds in USD: ECs allowed forward sale transactions with banks

KARACHI: The State Bank of Pakistan (SBP) Thursday allowed Exchange Companies forward sale transaction with banks up...

Updated 26 Feb, 2021 09:27am

Business & Finance

‘Trade facilitation a great step’

KARACHI: Ateeq-ur-Rehman, economic and financial analyst, has said that trade facilitation to business community in...

Updated 26 Feb, 2021 09:30am

Business & Finance

SBP amends clauses to facilitate Housing Finance & Capital Market

The SBP has also allowed banks/DFIs to use their names with their own SPVs in compliance with applicable laws, however, banks/DFIs’ names shall not be used in the RMBS/CMBS issued by such SPVs.

Published 25 Feb, 2021 02:22pm

Business & Finance

SBP grants Exchange Companies Five days forward sale facility

As per the SBP, forward sale facility may be availed up to maximum five working days (including both transaction and settlement days).

Published 25 Feb, 2021 10:12am

Opinion

An argument against Rs 5,000 currency note

The data as laid down below is from SBP website. The first observation is those giving their views against my...

Published 24 Feb, 2021 05:24am

Business & Finance

Banking on equality policy: SBP’s effort lauded for advancing women’s financial inclusion

KARACHI: Global policy makers and practitioners have lauded the State Bank of Pakistan’s (SBP) effort to advance...

Updated 24 Feb, 2021 09:39am

Pakistan

SBP defers Rs 657.16 billion under refinancing scheme during COVID-19

The number of borrowers that would benefit from this rescheduling relief has risen to 1,767,599 with outstanding amount of Rs 2.54 billion, it said.

Published 23 Feb, 2021 07:22pm

BR Research

RDA gets going

The Roshan Digital Account (RDA) is gaining pace. The scheme was launched on 10th Sep 2020, and the amount received...

Published 23 Feb, 2021 07:25am

Remittances beat Moody’s expectation

ISLAMABAD: Increased workers’ remittances to Pakistan are credit positive for banks, says Moody’s Investor...

Updated 23 Feb, 2021 09:31am

Jan CA plunges 65pc MoM

KARACHI: The country’s current account sharply declined by 65 percent in January 2021 compared to December 2020....

Updated 23 Feb, 2021 09:31am

Jul-Jan FDI down 27pc YoY

KARACHI: The Foreign Direct Investment (FDI) in Pakistan continued to post a negative growth. It declined by 27...

Updated 23 Feb, 2021 09:31am

Pakistan

SBP develops draft policy on banking on equality

This policy is currently in a public consultation phase and is expected to be launched shortly.

Published 22 Feb, 2021 06:27pm

Business & Finance

Pakistan's FDI decline over 27pc in Jul-Jan FY21

The SBP's statistics revealed that FDI fell significantly by 12.27 percent or $27 million to $192.7 million in Jan 2021 compared to net inflow of $ 219.6 million investment in Jan 2020.

Published 22 Feb, 2021 01:33pm

Business & Finance

SBP directs banks to enable fully interoperable digital payment options

The repayment option shall be available on customers’ ADCs including internet and mobile banking on bill presentment/payment model.

Published 22 Feb, 2021 12:41pm

Opinion

Good vs bad news on economic front

There is undoubtedly good news on the economic front on two counts notably the continued positive current account...

Published 22 Feb, 2021 04:25am

Editorials

POL products’ prices

EDITORIAL: The federal government’s refusal to raise the price of POL products on the recommendation of the Oil ...

Published 22 Feb, 2021 04:25am

Editorials

Resilient remittances?

EDITORIAL: The feel-good factor provided by high remittances for an unusually long time - exceeding $2 billion for...

Published 21 Feb, 2021 05:10am

Business & Finance

FBR notifies amendments to Chapter XVIB of Income Tax Ordinance

LAHORE: The Federal Board of Revenue (FBR) has notified amendments to Chapter XVIB, dealing with refunds, to set up...

Updated 21 Feb, 2021 10:20am

Business & Finance

SBP allows Exporters to Make More Types of Payments through SFCAs

The central bank informed that it has now broadened the purposes for which the funds retained in these Special Foreign Currency Accounts (SFCAs) can be utilized.
Banks are allowed to make payment from the accounts for a number of new purposes in addition to existing ones.

Published 20 Feb, 2021 03:56pm

P@SHA terms SBP measures for exporters a move in the right direction

Business & Finance

[email protected] terms SBP measures for exporters a move in the right direction

Days ago, SBP notified revisions in chapter 20 of the Foreign Exchange Manual to modernize foreign exchange regulations for facilitating startups, fintech, and exports in Pakistan.

Published 20 Feb, 2021 01:56pm

Opinion

Tax incentives for NRPs — II

• FBR keeps drafts of proposed laws/amendments “secret”, never making them public and commits blunders when ...

Published 20 Feb, 2021 04:52am

Business & Finance

3m NRPs likely to avail RDA scheme: SBP official

LAHORE: Director Exchange Policy Department State Bank of Pakistan (SBP) Arshad Mehmood Bhatti has said that some...

Published 20 Feb, 2021 04:52am

SFCAs: SBP broadens purposes for use of funds by exporters

KARACHI: Exporters of goods and services, including IT-based services, have been allowed to retain a certain portion...

Updated 20 Feb, 2021 06:23pm

SBP makes digital, card transactions more secure and easier

KARACHI: In order to promote digital payments, SBP has been taking steps to make them more secure, introducing new...

Published 20 Feb, 2021 04:52am

Business & Finance

SBP develops reporting mechanism to curb Digital Banking Frauds

The central bank in order to have sufficient information about these frauds has developed two standardized formats to record information relating to attempted and committed fake call frauds.

Published 19 Feb, 2021 11:45am

BR Research

IMF review: out of ICU, still under close-watch

IMF programme is coming back in full swing. There is no surprise. The background discussions were ongoing ever since...

Published 19 Feb, 2021 07:25am

Pakistan

Foreign reserves down by $59m

KARACHI: The liquid foreign reserves held by State Bank of Pakistan (SBP) decreased by $59 million to $12.889 ...

Updated 19 Feb, 2021 09:26am

SBP asked to set up cell to boost inflows into RDA

ISLAMABAD: Prime Minister Imran Khan has asked the State Bank of Pakistan (SBP) to set up a cell in the central bank...

Published 19 Feb, 2021 04:07am

Pakistan

Overseas Pakistanis' potential to be tapped for economic growth: PM

In last five months, the overseas Pakistanis from 97 countries have opened over 80,000 Roshan Digital accounts and sent $500 million to the country.

Published 18 Feb, 2021 07:44pm

Business & Finance

SBP changes rules governing Primary Dealer System, SLR

The SBP said that it has been decided to withdraw holding limits specified in the above circular on existing as well as new issues.
Accordingly, PDs and Non-PDs may hold a particular issue of a long term paper without any holding limit restriction.

Published 18 Feb, 2021 04:44pm

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 4 786 Investments Limited(786)	5.00 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 4 Al-Abbas Sugar Mills Limited(AABS)	272.50 ▼ 0.00 (0.00%)
Agro Allianz / Jul 4 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 4 Allied Bank Limited(ABL)	69.05 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 4 Abbott Laboratories (Pakistan) Limited(ABOT)	666.00 ▼ 0.00 (0.00%)
Abson Ind. / Jul 4 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 4 Alfalah Consumer Index ETF.(ACIETF)	7.84 ▼ 0.00 (0.00%)
Attock Cement / Jul 4 Attock Cement Pakistan Limited(ACPL)	67.13 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 4 786 Investments Limited(786)	5.00 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 4 Al-Abbas Sugar Mills Limited(AABS)	272.50 ▼ 0.00 (0.00%)
Agro Allianz / Jul 4 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 4 Allied Bank Limited(ABL)	69.05 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 4 Abbott Laboratories (Pakistan) Limited(ABOT)	666.00 ▼ 0.00 (0.00%)
Abson Ind. / Jul 4 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 4 Alfalah Consumer Index ETF.(ACIETF)	7.84 ▼ 0.00 (0.00%)
Attock Cement / Jul 4 Attock Cement Pakistan Limited(ACPL)	67.13 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 30	204.90
USD PKR Interbank Buying / Jun 30	204.70
USD to Japanese Yen / Jul 1	135.21
USD to Swiss Franc / Jul 1	0.96
Pound Sterling to USD / Jul 1	1.21
Euro to USD / Jul 1	1.04
UK LIBOR % / Jul 1	1.58

Stock	Volume
S&P 500 / Jul 1	3825.33
India Sensex / Jul 1	52907.93
Tokyo Nikkei / Jul 1	26935.62
Nasdaq / Jul 1	11127.84
Hang Seng / Jul 1	21859.79
FTSE 100 / Jul 1	7168.65
Dow Jones / Jul 1	31097.26
Germany DAX 30 / Jul 1	12813.03
France CAC40 / Jul 1	5931.06

Item	Value
Crude Oil USD/Barrel / Jul 1	108.43
Karachi Cotton PKR/37.32 KG / Jul 1	17380.00
Gold 10 Grams PKR / Jul 1	119100.00
Gold Spot USD/Ounce / Jul 1	1811.43
Cotton US¢/pound / Jul 1	97.48

SBP

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