Trends - central bank - Business Recorder

central bank

Monetary policy: how Pakistan's key interest rate has moved over time

Since 2016, the interest rate has moved in a wide band of 750 basis points

Published 24 Jan, 2022 08:18pm

Fed says central bank digital dollar could offer benefits

WASHINGTON: An official US digital currency could offer potential benefits to American consumers and businesses, but...

Published 22 Jan, 2022 05:46am

Markets

Sri Lanka will repay all debt due in 2022, gradually build reserves

COLOMBO: The Sri Lankan government will meet all debt repayments in 2022 and work on a more comprehensive plan to...

Published 12 Jan, 2022 10:56am

BR Research

Imports: Driven by volume not price

The December 2021 import bill at $6.9 billion invited some congratulatory messages from the government circle. Yes,...

Published 04 Jan, 2022 08:07am

Markets

Asian markets get 2022 off to mixed start in thinned trade

HONG KONG: The new year got off to a mixed start on Monday in holiday-thinned Asian trade, following a healthy ...

Published 03 Jan, 2022 09:23am

BR Research

T-bill auction: bidding adieu to ‘21 in style

The cut-off rates in this week’s T-Bill auction marginally came down from the previous auction. However, SBP’s...

Published 31 Dec, 2021 07:57am

Markets

China stocks up as property, energy firms gain on policy support signals

SHANGHAI: China stocks rose on Monday, with energy and real estate developers leading gains on expectations of more...

Published 27 Dec, 2021 10:40am

Markets

SBP to take a 'pause' after string of interest-rate hikes, says Dr Reza Baqir

Central bank governor says will first look at the effects of the tightening that we have already done

Updated 17 Dec, 2021 02:34pm

Business & Finance

3rd successive hike: SBP increases key interest rate by 100 basis points, takes it to 9.75%

Interest rate has now cumulatively increased 275 basis points in the previous three announcements

Updated 14 Dec, 2021 05:11pm

World

Erdogan defends 'risky but correct' economic policy

ANKARA: Turkish President Recep Tayyip Erdogan defended Wednesday his "risky but correct" economic policy of low...

Updated 01 Dec, 2021 05:27pm

BR Research

The repatriation trend

Profit and dividend repatriation in the particular context of foreign direct investment during the first quarter of...

Published 26 Nov, 2021 06:25am

Business & Finance

SBP chief outlines factors leading to tapering monetary stimulus 'a bit faster'

In interview with CNBC, Dr Reza Baqir says higher-than-anticipated current account deficit among reasons for interest-rate hike

Updated 24 Nov, 2021 08:06pm

Markets

Monetary policy: SBP raises key interest rate by 150 basis points, takes it to 8.75%

Also announces revised schedule of upcoming MPC meetings
Next announcement to be made on December 14, says central bank

Updated 19 Nov, 2021 07:41pm

BR Research

Export refinance: no room for limit enhancement?

The past two years have witnessed a love-hate rollercoaster between the central bank and the business community....

Published 25 Oct, 2021 07:30am

Technology

Nigeria to launch digital currency on Monday, central bank says

ABUJA: Nigeria will launch on Monday a digital currency, the eNaira, the central bank said, months after it barred...

Updated 24 Oct, 2021 08:59pm

BR Research

Measuring the impact of concessionary finance to exporters

In an earlier comment two months ago, BR Research had noted that the textile export growth story has its roots in ...

Published 21 Oct, 2021 07:15am

Business & Finance

Sterling steadies near 20-month high vs euro

LONDON: Sterling steadied near a 20-month high versus the euro on Monday after Bank of England Governor Andrew ...

Published 19 Oct, 2021 03:52am

Business & Finance

Egyptian consumer price inflation rises to 6.6% in Sept

DUBAI: Egypt's annual urban consumer price inflation increased to 6.6% in September from 5.7% in August, data from...

Published 10 Oct, 2021 02:26pm

Markets

Myanmar's junta powerless as currency drops 60% in four weeks, economy tanks

Myanmar's currency has lost more than 60% of its value since the beginning of September in a collapse that has ...

Published 29 Sep, 2021 12:50pm

Markets

FTSE 100 gains as banks, commodity-linked stocks jump

LONDON: London’s FTSE 100 recorded its best day in two months on Wednesday, extending gains aided by heavyweight...

Published 23 Sep, 2021 04:35am

Taliban seize $12.4m from Saleh, others

LONDON: Afghanistan’s Taliban-controlled central bank said it had seized nearly $12.4 million in cash and gold ...

Published 16 Sep, 2021 03:15am

BR Research

M-wallets: rising uptake

Digital payments are on the rise in Pakistan during the pandemic. One key channel where this growth is prominent is...

Published 10 Sep, 2021 07:30am

Business & Finance

Yuan slips on signs of China slowdown

SHANGHAI: China's yuan slipped against the dollar on Tuesday and looked set for a third straight month of decline, ...

Published 01 Sep, 2021 03:59am

World

UAE issues new guidelines for Hawala providers

Gulf state is a huge source of remittances for Pakistan

Published 23 Aug, 2021 04:48pm

Markets

Lebanon raises fuel prices by 66% as it tries to ease shortages

The fuel crisis worsened this month when the central bank said it could no longer finance fuel imports at heavily subsidised exchange rates and would switch to market rates

Published 22 Aug, 2021 01:11pm

World

Lebanon president says treasury to bear cost of fuel subsidies

BEIRUT: Lebanese President Michel Aoun said the government treasury will bear the cost of the continuation of fuel...

Published 22 Aug, 2021 04:09am

BR Research

MCB: Provisioning reversal ensures profit growth

The template is there, and big banks seem to be following it this earning season. MCB Bank Limited (MCB) raked in 12...

Updated 12 Aug, 2021 08:36am

Business & Finance

Encouraged by 'positive developments', SBP keeps interest rate unchanged at 7%

Growth projected to rise from 3.9 percent in FY21 to 4-5 percent this year, says central bank in monetary policy statement
Economic recovery will be accompanied by external stability, adds SBP

Updated 27 Jul, 2021 08:11pm

Markets

Central banks will accelerate rise of China's yuan, global survey shows

Global Public Investor survey, published annually by the London-based OMFIF think tank, shows 30% of central banks plan to increase yuan holdings over the next 12-24 months
In stark contrast to the yuan, 20% of central banks plan to reduce their holdings of the U.S. dollar over the next 12-24 months and 18% plan to reduce their euro holdings

Published 22 Jul, 2021 01:30am

Markets

Turkey's C/A deficit seen at $3.03b in May

Turkey's import-reliant economy, worth $717 billion in 2020

Published 09 Jul, 2021 10:29am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Tokyo Nikkei / May 17	38787.38
Nasdaq / May 17	16685.97
Hang Seng / May 17	19535.61
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 19	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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