Trends - SBP - Business Recorder

SBP

MoC approves Rs 213mn DLTL refunds for non-Textile exporters

The advisor informed that these funds are now with the State Bank of Pakistan (SBP) and will soon be disbursed to the relevant exporters.

Published 20 Jan, 2021 11:12am

Equity investments from abroad: Govt all set to approve new policy

ISLAMABAD: The Federal Government is all set to approve a new policy on equity investments from abroad aimed at...

Published 20 Jan, 2021 04:29am

MPS on Friday: Key policy rate may be kept unchanged

KARACHI: The State Bank of Pakistan (SBP) will announce the policy statement for next two months on Friday with...

Published 20 Jan, 2021 04:29am

Opinion

Recovery in industrial production

The recent release of the estimates of the Quantum Index of Manufacturing (QIM), for the period of July to November,...

Updated 19 Jan, 2021 04:43am

FDI declines 29pc in H1FY21

KARACHI: Foreign Direct Investment (FDI) in Pakistan fell 29 percent during the first half of this fiscal year...

Updated 19 Jan, 2021 04:44am

Domestic debt, liabilities reach Rs24.64trn

KARACHI: The federal government's domestic debt and liabilities continued to surge reaching Rs 24.64 trillion in...

Updated 19 Jan, 2021 04:44am

Business & Finance

SBP Partners with FBR and PBS to Harmonize Trade Data

The State Bank of Pakistan (SBP) has decided to harmonize exports and imports data in collaboration with the Pakistan Bureau of Statistics (PBS) and the Federal Board of Revenue (FBR).

Published 18 Jan, 2021 03:11pm

Business & Finance

Remittances from Overseas Pakistan projected to hit $28bn this year

“Interestingly, the government’s full year target is $21 billion while the central bank expects remittance inflows ranging between $24 billion to $26 billion. The current run rate indicates that inflows may hit $28.4 billion,” said Aslam.

Published 18 Jan, 2021 10:38am

Opinion

COVID-19: Digital banking tipping point in Pakistan

The Covid-19 pandemic has not only impacted but rather transformed almost all aspects of our lives. The year 2020...

Published 18 Jan, 2021 04:10am

Pakistan

China remains top importer, traded products over $4523mn in 5 months

The total imports from China during July-November (2020-21) were recorded at $4523.671 million showing an increase of 12.38 percent during the period.

Published 17 Jan, 2021 06:27pm

Opinion

Raast: Rolling the dice

Raast clearly has the potential to revolutionize banking in Pakistan. It is a backend plumbing that would allow...

Published 17 Jan, 2021 04:13am

Editorials

Covid-19 impact

EDITORIAL: A special report by the Pakistan Bureau of Statistics (PBS), which gives a data driven evaluation of the...

Updated 17 Jan, 2021 04:59am

Pakistan

Foreign exchange reserves stand at $20,519 million

During the week ending January 08, the SBP reserves decreased by US$12 million to US$13,400.0 million.

Updated 14 Jan, 2021 11:02pm

Business & Finance

Pakistan's Industrial labor market unable to regain its pre-Covid level: Report

The report revealed that during the initial phase of the lockdowns, as much as 10 percent of the industrial workers lost their jobs.

Published 13 Jan, 2021 10:47am

Business & Finance

PM launches Pakistan's first instant Digital Payment System 'Raast'

Use of cash promotes informal economy and helps illegal activities, on the other hand by using the Raast one is doing the right thing by transacting using formal digital Financial Service and contributing to Pakistan's economy.
SBP along with Karandaaz Pakistan has developed this new system for processing instant payments.
The Prime Minister in his address said a cash-based economy is the biggest hurdle in tapping the true potential of Pakistan.

Updated 11 Jan, 2021 06:17pm

Pakistan

Digital economy a great hope for Pakistan's development: Cheng Xizhong

Digital technology heralds the beginning of a new era, and it will usher in broad prospects for development in the form of the digital economy.

Published 09 Jan, 2021 07:31pm

Business & Finance

SBP to launch world class ‘Raast’ payment system next week: Kamil

“From Monday onwards, the central bank will initiate a new payment system called ‘Rast’, as we believe this a right way forward for the country,” said Kamil.
Kamil informed that the upcoming payment system has been implemented in advanced countries i.e. UK and Australia.

Updated 11 Jan, 2021 03:29pm

H1 workers’ remittances post 25pc growth

KARACHI: Inflows of workers' remittances maintained a strong momentum and posted a healthy growth of some 25 percent...

Published 09 Jan, 2021 02:47am

Business & Finance

Digital financial services: SBP chief chairs third stakeholders’ meeting

KARACHI: The State Bank of Pakistan (SBP) organised the third nationwide Stakeholders’ meeting on digital ...

Updated 08 Jan, 2021 03:44am

Pakistan

Pakistan’s exports to USA increase 6.36pc in 5 months

The overall exports to USA were recorded at $1855.564 million during July-November (2020-21).

Published 07 Jan, 2021 07:55pm

Pakistan

activities to boost economic growth: SBP

The report further added that with the start of the Covid pandemic, EMs witnessed a massive outflow of portfolio investment.

Published 07 Jan, 2021 07:49pm

Pakistan

Pak forex figure $ 20.51201bn

Foreign reserves holding by SBP amounted $ 13,412.3 million.

Published 07 Jan, 2021 07:32pm

Business & Finance

State Bank defers over Rs 657bn loans under COVID package

Out of 1.644 million applications received, banks, DFIs and MFBs have approved 1.582 million applications (96.23 %) up to December 24, 2020.

Published 07 Jan, 2021 12:38pm

Opinion

The SBP’s first quarterly report 2020-21

This is apropos State Bank of Pakistan’s (SBP’s) First Quarterly Report 2020-21 released by it on Tuesday. It ...

Published 07 Jan, 2021 03:15am

Rising pension spending: SBP calls for systemic reforms

KARACHI: The State Bank of Pakistan (SBP) has called for parametric and systemic reforms to deal with rising public...

Published 07 Jan, 2021 03:15am

Pakistan

Tax to pension spending surges to 18.7pc: SBP

The report suggested that ceiling and price indexation measures could help reduce the excessively high replacement rate.

Published 06 Jan, 2021 07:07pm

Business & Finance

Explainer! How did Pakistan’s Remittances continue to grow despite COVID-19?

The central bank said that it has also significantly revised its forecast for remittances for CY20, from an initial projection of a 23 percent decline to a growth of 9 percent.

Published 06 Jan, 2021 11:45am

Business & Finance

Despite favorable environment, declining trend persist in private credit sector: SBP

Despite this favorable environment, the declining trend in the private credit, which had started from the third quarter of FY19, continued in Q1-FY21, stated the report.

Published 06 Jan, 2021 11:02am

Pakistan

China remains top importer, traded products over $4523 million in 5 months

The total imports from China during July-November (2020-21) were recorded at $4523.671 million against the $4025.183 million during July-November (2019-20).

Published 04 Jan, 2021 07:37pm

Pakistan

US, UK, China top three destinations of Pakistani exports in 5 months

Total exports to the USA during July-November (2020-21) were recorded at $ 1855.564 million, showing growth of 6.36 percent.

Published 31 Dec, 2020 08:11pm

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 20	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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