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USD

Forex woes

EDITORIAL: Total foreign exchange reserves held by the State Bank of Pakistan (SBP) further declined to 3.08967...

Published 08 Feb, 2023 06:37am

Opinion

Dollar’s gyrations raise hedging costs for US companies

Wild swings in global currencies hammered corporate earnings in the past year, and while forex markets have gotten...

Published 07 Feb, 2023 06:57am

Editorials

Runaway inflation

EDITORIAL: Consumer Price Index (CPI) rose by 27.6 percent year on year in January against 24.5 percent the month...

Published 07 Feb, 2023 06:36am

Business & Finance

Dollar jumps after ‘monster’ job report

NEW YORK: The dollar jumped on Friday after data showed that US employers added significantly more jobs in January...

Published 06 Feb, 2023 07:18am

Markets

A cumulative fall of 5.05pc

KARACHI: Barring one session, the rupee depreciated throughout the previous week, ending with a cumulative fall of...

Published 06 Feb, 2023 06:20am

Business & Finance

Smuggling not the main reason behind USD shortage: FBR

ISLAMABAD: Federal Board of Revenue (FBR) Member Customs (Operations), Mukarram Jan Ansari categorically said...

Updated 03 Feb, 2023 08:54am

Opinion

Time for ‘radical’ and fast-paced economic reforms — II

For more than a decade, the entire PSDP (Public Secotor Development Programme) is based on foreign loans, which...

Updated 02 Feb, 2023 06:42am

Business & Finance

Dollar pares gains on falling US labour costs

NEW YORK: The dollar gave up gains made earlier on Tuesday after data showed US labour costs increased less than...

Published 01 Feb, 2023 07:24am

Fitch says PKR to further weaken

ISLAMABAD: The Pakistani rupee is expected to weaken further, particularly with the country’s balance of payments...

Updated 01 Feb, 2023 11:30am

Country braces for fuel shortages?

KARACHI: Pakistan could face a crunch in fuel supplies in February as banks have stopped financing and facilitating...

Updated 01 Feb, 2023 08:54am

Editorials

A reminder of the flaws in economic policies

EDITORIAL: Match the rise in taxes to a cut in government expenditure is a cry gathering momentum not only amongst...

Published 01 Feb, 2023 05:58am

Business & Finance

Dollar steady as central banks take central stage

NEW YORK: The dollar was little changed on Monday, a day before the Federal Reserve was due to begin a two-day ...

Published 31 Jan, 2023 07:03am

Business & Finance

PBC satisfied with SBP’s steps aimed at managing liquidity

KARACHI: A Pakistan Business Council (PBC) delegation, led by its Chairman Muhammad Aurangzeb met the Governor of ...

Published 31 Jan, 2023 06:01am

Markets

PKR: depreciation

KARACHI: The rupee depreciated 12.5% during the previous week, but the bulk of the fall came in the last two ...

Published 30 Jan, 2023 05:56am

Business & Finance

PKR slide likely to fuel inflation in a big way

ISLAMABAD: The depreciation of Pak rupee by 13.5 percent by Friday in the interbank rate will raise inflation to 35...

Updated 30 Jan, 2023 09:26am

Opinion

Gross mishandling of the rupee

The economically disastrous policy of controlling the interbank rate thereby providing stimulus to the black market,...

Published 30 Jan, 2023 05:56am

SBP denies USD rate capping caused loss

KARACHI: The State Bank of Pakistan (SBP) on Sunday rebutted the claim or reports that capping the price of dollar...

Updated 30 Jan, 2023 09:24am

Editorials

Conclude 9th review and move ahead

EDITORIAL: The finance minister, Ishaq Dar, finally budged from position of keeping the PKR to dollar parity...

Published 30 Jan, 2023 05:56am

Markets

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (January 27, 2023). ======================== Open Bid ...

Published 28 Jan, 2023 06:20am

Markets

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (January 27, 2023)....

Published 28 Jan, 2023 06:20am

Exchange rate: Removal of cap to inject stability into currency market: Bostan

KARACHI: The Chairman of Exchange Companies Association of Pakistan (ECAP), Malik Muhammad Bostan Friday said the...

Updated 28 Jan, 2023 12:35pm

Business & Finance

Economic mess: embittered Miftah offers ‘solution’

KARACHI: Former finance minister Miftah Ismail Friday said that instead of depreciating the value of the dollar...

Published 28 Jan, 2023 06:20am

Business & Finance

PBF slams unprecedented hike in USD value within one day

LAHORE: The Pakistan Business Forum (PBF) has rejected the “artificial” and unprecedented increase in USD value...

Published 27 Jan, 2023 07:20am

Business & Finance

Freight forwarders/consolidators: Forex manual for remittance of freight charges amended

KARACHI: The State Bank of Pakistan (SBP) has amended the Foreign Exchange Manual (FEM) for remittance of freight...

Published 27 Jan, 2023 06:15am

Pakistan

PKR fall to set off huge economic ‘crisis’: PTI

ISLAMABAD: Accusing Finance Minister Ishaq Dar for the drastic decline of the rupee vis-à-vis the US dollar,...

Updated 27 Jan, 2023 09:06am

SBP officials, ECAP leaders discuss USD supply

KARACHI: The State Bank of Pakistan (SBP) has assured dollar supply against export of other currencies to exchange...

Updated 26 Jan, 2023 10:46am

Opinion

The darkness deepens

They say the night is darkest before the dawn. On Monday, it couldn’t have gotten darker—somewhere, someone in...

Published 25 Jan, 2023 06:25am

ECs lift cap on dollar rate

KARACHI: The Exchange Companies Association of Pakistan (ECAP) has announced removal of price cap on exchange rate...

Updated 25 Jan, 2023 08:51am

Editorials

Policy rate hiked to 17pc: will it work?

EDITORIAL: The most critical, albeit baffling, revelation made by the Governor State Bank of Pakistan (SBP) Jameel...

Published 25 Jan, 2023 06:25am

Markets

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Monday (January ...

Published 24 Jan, 2023 06:06am

Gainers
Losers
Leaders

Stock	Price
Trust Mod. / Dec 7 Trust Modaraba(TRSM)	2.16 ▲ 0.60 (38.46%)
First Elite Cap.Mod / Dec 7 First Elite Capital Modaraba(FECM)	4 ▲ 1.00 (33.33%)
Treet Corp. (R) / Dec 7 Treet Corporation Limited (R)(TREETR2)	4.14 ▲ 0.76 (22.49%)
LSE Propetech / Dec 7 LSE Propetech Limited(LSEPL)	4.55 ▲ 0.79 (21.01%)
F.Credit & Inv / Dec 7 First Credit and Investment Bank Limited(FCIBL)	6.51 ▲ 1.00 (18.15%)
Hascol Petrol / Dec 7 Hascol Petroleum Limited(HASCOL)	6.69 ▲ 1.00 (17.57%)
HBL Invest Fund / Dec 7 HBL Investment Fund(HIFA)	3.80 ▲ 0.49 (14.80%)
LSE Ventures / Dec 7 LSE Ventures Limited(LSEVL)	5.57 ▲ 0.71 (14.61%)
F. Nat.Equities / Dec 7 First National Equities Limited(FNEL)	6.70 ▲ 0.80 (13.56%)
Redco Textile / Dec 7 Redco Textiles Limited(REDCO)	6.90 ▲ 0.80 (13.11%)

Stock	Price
Dar-es-Salaam / Dec 7 Dar-es-Salaam Textile Mills Limited(DSML)	7.51 ▼ -0.74 (-8.97%)
Ist.Dawood Bank / Dec 7 First Dawood Investment Bank Limited(FDIBL)	2.30 ▼ -0.19 (-7.63%)
Kohat Textile / Dec 7 Kohat Textile Mills Limited(KOHTM)	19.81 ▼ -1.61 (-7.52%)
MithchellsFruit / Dec 7 Mitchells Fruit Farms Limited(MFFL)	208.72 ▼ -16.92 (-7.50%)
Shadman Cotton / Dec 7 Shadman Cotton Mills Limited(SHCM)	14.42 ▼ -1.17 (-7.50%)
Land Mark Spinning / Dec 7 Landmark Spinning Industries Limited(LMSM)	16.47 ▼ -1.33 (-7.47%)
SME Leasing Ltd / Dec 7 SME Leasing Limited(SLL)	1.90 ▼ -0.15 (-7.32%)
786 Invest Ltd / Dec 7 786 Investments Limited(786)	5.47 ▼ -0.40 (-6.81%)
Suraj Cotton / Dec 7 Suraj Cotton Mills Limited(SURC)	136.50 ▼ -9.50 (-6.51%)
J.K.Spinning / Dec 7 J.K. Spinning Mills Limited(JKSM)	44 ▼ -3.00 (-6.38%)

Stock	Volume
K-Electric Ltd. / Dec 7 K-Electric Limited(KEL)	143,393,681 ▲ 0.16
Cnergyico PK / Dec 7 Cnergyico PK Limited(CNERGY)	82,309,654 ▲ 0.05
WorldCall Telecom / Dec 7 Worldcall Telecom Limited(WTL)	56,884,642 ▲ 0.02
Hascol Petrol / Dec 7 Hascol Petroleum Limited(HASCOL)	54,169,500 ▲ 1.00
Pak Refinery / Dec 7 Pakistan Refinery Limited(PRL)	53,701,236 ▲ 0.84
Fauji Foods Ltd / Dec 7 Fauji Foods Limited(FFL)	37,662,460 ▲ 0.06
P.T.C.L. / Dec 7 Pakistan Telecommunication Company Ltd(PTC)	36,098,500 ▲ 0.03
Pak Petroleum / Dec 7 Pakistan Petroleum Limited(PPL)	35,317,902 ▲ 0.99
Oil & Gas Dev. / Dec 7 Oil & Gas Development Company Limited(OGDC)	31,154,943 ▼ -0.61
The Searle Co. / Dec 7 The Searle Company Limited(SEARL)	28,673,613 ▲ 3.11

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 6	284.43
USD PKR Interbank Buying / Dec 6	284.13
USD to Japanese Yen / Dec 6	147.26
USD to Swiss Franc / Dec 6	0.87
Pound Sterling to USD / Dec 6	1.26
Euro to USD / Dec 6	1.08
UK LIBOR % / Dec 5	5.46

Stock	Volume
S&P 500 / Dec 5	4567.18
Nasdaq / Dec 5	14229.91
Dow Jones / Dec 5	36124.56
India Sensex / Dec 6	69555.66
Tokyo Nikkei / Dec 6	33445.90
Hang Seng / Dec 6	16427.53
FTSE 100 / Dec 6	7516.04
Germany DAX 30 / Dec 6	16541.49
France CAC40 / Dec 6	7392.44

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 5	17235
Gold 10 Grams PKR / Dec 5	189043
Crude Oil USD/Barrel / Dec 6	72.27
Gold Spot USD/Ounce / Dec 6	2021.37
Cotton US¢/pound / Dec 6	80.12

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