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silkbank

UBL absorbs Silk Bank after SBP approval

Updated 11 Mar, 2025 11:11pm

In a key development on the banking front, the State Bank of Pakistan (SBP) has approved the amalgamation of Silk...

Silkbank partners with Defence Raya Golf & Country Club

Published 06 Mar, 2025 06:42am

LAHORE: Silkbank has entered into a strategic partnership with Defence Raya Golf & Country Club, bringing...

UBL submits merger offer to Silkbank

Updated 01 Nov, 2024 11:01pm

Proposes share swap for amalgamation

Silkbank reaffirms collaboration with Xpert Digital & Temenos

Published 11 Jun, 2024 03:17am

KARACHI: Silkbank, a prominent bank in Pakistan, reaffirmed its strategic relationship with Xpert Digital (XD), a...

MCB Bank to conduct Silkbank’s due diligence

Published 29 May, 2023 01:45pm

The Board of Directors (BoD) at MCB Bank has given its go-ahead to the management to conduct due diligence of...

UBL proposal: BoD asks Silkbank to pursue potential merger

Updated 03 May, 2023 08:47am

KARACHI: The Board of Directors of Silkbank Limited has reviewed and considered the UBL proposal and granted its...

Silkbank to formally pursue potential merger with UBL

Updated 02 May, 2023 04:22pm

The Board of Directors (BoD) at Silkbank Limited has given its go-ahead to the management to formally pursue the...

In-principle: PHFC interested in injecting Rs12bn equity investment into Silkbank

Published 20 Apr, 2023 06:30am

KARACHI: M/s Pakistan Housing Finance Company (PHFC), a subsidiary of M/s Lake City Limited has expressed its...

Silkbank says International Commercial Bank South Sudan plans to invest €50mn in it

Updated 06 Apr, 2023 04:26pm

The International Commercial Bank South Sudan (ICB) has expressed its intention to invest up to 50 million euros...

Silkbank continues its growth momentum

Published 13 Mar, 2023 06:15am

KARACHI: Silkbank continues its upward trajectory in its flagship consumer segment along with healthy growth on...

Javed Yousuf Edhi appointed as NIFT chief

Published 30 Dec, 2022 05:50am

KARACHI: The Board of Directors of National Institutional Facilitation Technologies (NIFT) appointed Javed Yousuf...

Silkbank consumer banking to continue momentum

Published 09 Nov, 2022 03:41am

KARACHI: This is with reference to the Public Announcement of Intention (PAI) issued by M/s Park View Enclave (Pvt)...

Silkbank, PSO sign agreement

Published 12 Sep, 2022 06:01am

KARACHI: Silkbank with a leading stake in the credit card market has entered into an agreement with PSO to ...

Silkbank attains leadership position in credit card market

Published 05 Sep, 2022 06:04am

KARACHI: Silkbank credit cards are the most innovative credit cards in the market with unique offers. Silkbank has...

Silkbank and TPL Insurance launch All-in One Current Account

Published 05 Jul, 2022 05:19am

KARACHI: As part of providing tailored solutions and unique value added features for our customers, Silkbank has...

Silkbank to receive Rs12bn equity to consolidate its financial health

Published 10 Jun, 2022 07:00am

KARACHI: Backed by the significant announcement by Silkbank Limited of an Expression of Interest from M/s. Park View...

Park View Enclave intends to acquire majority shares of Silkbank

Published 31 May, 2022 03:51pm

Park View Enclave (Private) Limited, a company involved in the property business, has expressed its intention to...

Digital library membership: Silkbank, British Council join hands

Published 12 Jan, 2022 04:25am

KARACHI: Silkbank Limited, with its substantial market share in the credit cards segment, has partnered with the...

Silkbank partners with STARZPLAY by Cinepax

Published 15 Dec, 2021 06:34am

KARACHI: Silkbank Limited, with its substantial market share in the credit cards segment, has partnered with...

Silkbank partners with OLX Mall

Published 08 Dec, 2021 06:22am

KARACHI: Silkbank Limited, with its substantial market share in the credit cards segment, has partnered with OLX...

Silkbank partners with Silverlake

Published 08 Oct, 2021 04:30am

KARACHI: Silkbank, one of the fastest credit card issuers in Pakistan has partnered with Silverlake, a technology...

Leading banks interested in acquiring Silkbank’s consumer accounts portfolio

Updated 05 May, 2021 10:36am

KARACHI: Two leading banks have shown interest in acquiring Silkbank’s consumer accounts portfolio. According to...

After HBL, Bank Alfalah shows interest in Silkbank's consumer portfolio

Published 26 Apr, 2021 11:15am

“In this regard the bank has approach Silk Bank to provide its concurrence to enable the bank to apply to SBP for its approval to conduct due diligence of the Silkbank Consumer Finance Portfolio,” it added.

The bank informed that as part of the process Silkbank has been requested to allow Fauji Foundation to conduct due diligence of the bank and in this regard, Fauji Foundation intends to apply to the State Bank of Pakistan for the requisite approval of the same.

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 17	278.16
USD PKR Interbank Buying / Jul 17	277.96
USD to Japanese Yen / Jul 17	162.40
USD to Swiss Franc / Jul 17	0.81
Pound Sterling to USD / Jul 17	1.35
Euro to USD / Jul 17	1.14
SOFR % / Jul 17	3.60

Stock	Volume
S&P 500 / Jul 17	7,457.69
India Sensex / Jul 17	78,151.45
Tokyo Nikkei / Jul 17	64,141.12
Nasdaq / Jul 17	25,520.24
FTSE 100 / Jul 17	10,600.37
Dow Jones / Jul 17	52,146.42
Germany DAX 30 / Jul 17	24,830.98
France CAC40 / Jul 17	8,338.81
Hang Seng / Jul 20	25,069.85

Item	Value
Crude Oil USD/Barrel / Jul 17	82.49
Karachi Cotton PKR/37.32 KG / Jul 17	18,780
Gold 10 Grams PKR / Jul 17	361,656
Gold Spot USD/Ounce / Jul 17	4,017.39
Cotton US¢/pound / Jul 17	78.63
Petrol/Litre / Jul 20	316.15
Diesel/Litre / Jul 20	354.35

Gainers
Losers
Leaders

Stock	Price
Dadabhoy Cement / Jul 17 Dadabhoy Cement Industries Limited(DBCI)	17.01 ▲ 1.55 (10.03%)
Ruby Textile / Jul 17 Ruby Textile Mills Limited(RUBY)	17.59 ▲ 1.6 (10.01%)
Crescent Cotton / Jul 17 Crescent Cotton Mills Limited(CCM)	53.68 ▲ 4.88 (10%)
National Silk / Jul 17 The National Silk & Rayon Mills Limited(NSRM)	272.21 ▲ 24.75 (10%)
Suhail Jute / Jul 17 Suhail Jute Mills Limited(SUHJ)	223.96 ▲ 20.36 (10%)
Baba Farid Sugar / Jul 17 Baba Farid Sugar Mills Limited(BAFS)	418.56 ▲ 38.05 (10%)
Shadman Cotton / Jul 17 Shadman Cotton Mills Limited(SHCM)	50.61 ▲ 4.6 (10%)
Asia Ins. / Jul 17 Asia Insurance Company Limited(ASIC)	34.45 ▲ 3.13 (9.99%)
Olympia Mills / Jul 17 Olympia Mills Limited(OML)	107.58 ▲ 9.65 (9.85%)
TPL Trakker Ltd / Jul 17 TPL Trakker Limited(TPLT)	27.91 ▲ 2.5 (9.84%)

Stock	Price
Tariq Corp. (R) / Jul 17 Tariq Corporation Limited(Right)(TCORPR2)	2.70 ▼ -0.89 (-24.79%)
First Punjab Modaraba / Jul 17 First Punjab Modaraba(FPJM)	11.04 ▼ -1.23 (-10.02%)
Khairpur Sug. / Jul 17 Khairpur Sugar Mills Limited(KPUS)	1,871.47 ▼ -207.94 (-10%)
Service Textile / Jul 17 Service Industries Textiles Limited(SERT)	62.27 ▼ -6.92 (-10%)
S.G.Power / Jul 17 S.G. Power Limited(SGPL)	97.59 ▼ -10.84 (-10%)
Mughal Iron & Steel(C) / Jul 17 Mughal Iron & Steel Industries Ltd (C)(MUGHALC)	63 ▼ -6.99 (-9.99%)
Fateh Sports / Jul 17 Fateh Sports Wear Limited(FSWL)	150.29 ▼ -16.65 (-9.97%)
Paramount Spinning / Jul 17 Paramount Spinning Mills Limited(PASM)	10.91 ▼ -1.1 (-9.16%)
Power Cem(Pref) / Jul 17 Power Cement (Pref)(POWERPS)	23.62 ▼ -2.36 (-9.08%)
Supernet Tech. / Jul 17 Supernet Technologies Limited(STL)	41.34 ▼ -3.72 (-8.26%)

Stock	Volume
Cnergyico PK / Jul 17 Cnergyico PK Limited(CNERGY)	86,491,992 ▲ 0.19
TPL Properties / Jul 17 TPL Properties Limited(TPLP)	62,545,194 ▼ -0.67
Pak Refinery / Jul 17 Pakistan Refinery Limited(PRL)	38,580,070 ▲ 2.94
WorldCall Telecom / Jul 17 Worldcall Telecom Limited(WTL)	23,499,606 ▼ -0.04
K-Electric Ltd. / Jul 17 K-Electric Limited(KEL)	18,396,866 ▼ -0.24
Lotte Chemical / Jul 17 Lotte Chemical Pakistan Limited(LOTCHEM)	17,830,259 ▼ -1.32
Hascol Petrol / Jul 17 Hascol Petroleum Limited(HASCOL)	14,534,208 ▼ -0.33
B.O.Punjab / Jul 17 The Bank of Punjab(BOP)	12,503,494 ▼ -0.51
TPL REIT Fund I / Jul 17 TPL REIT Fund I(TPLRF1)	11,458,248 ▼ -0.29
PIA Holding Co.Ltd / Jul 17 PIA Holding Company Limited(PIAHCLA)	10,427,355 ▲ 0.51

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