ANL 34.00 Increased By ▲ 0.90 (2.72%)
ASC 14.90 Increased By ▲ 0.55 (3.83%)
ASL 25.10 Increased By ▲ 0.62 (2.53%)
AVN 92.20 Decreased By ▼ -0.30 (-0.32%)
BOP 9.14 Increased By ▲ 0.08 (0.88%)
BYCO 9.85 Increased By ▲ 0.15 (1.55%)
DGKC 134.70 Increased By ▲ 2.51 (1.9%)
EPCL 50.62 Increased By ▲ 0.52 (1.04%)
FCCL 24.63 Increased By ▲ 0.33 (1.36%)
FFBL 25.86 Increased By ▲ 1.46 (5.98%)
FFL 15.49 Increased By ▲ 0.47 (3.13%)
HASCOL 10.56 No Change ▼ 0.00 (0%)
HUBC 86.33 Increased By ▲ 1.23 (1.45%)
HUMNL 7.02 Increased By ▲ 0.27 (4%)
JSCL 25.65 Increased By ▲ 0.40 (1.58%)
KAPCO 41.55 Increased By ▲ 2.80 (7.23%)
KEL 4.02 Increased By ▲ 0.04 (1.01%)
LOTCHEM 14.45 Increased By ▲ 0.02 (0.14%)
MLCF 46.42 Increased By ▲ 0.54 (1.18%)
PAEL 37.25 Increased By ▲ 0.55 (1.5%)
PIBTL 11.70 Increased By ▲ 0.27 (2.36%)
POWER 10.25 Increased By ▲ 0.10 (0.99%)
PPL 90.90 Increased By ▲ 1.20 (1.34%)
PRL 26.86 Increased By ▲ 0.61 (2.32%)
PTC 8.71 Increased By ▲ 0.11 (1.28%)
SILK 1.35 No Change ▼ 0.00 (0%)
SNGP 42.71 Increased By ▲ 1.31 (3.16%)
TRG 146.10 Increased By ▲ 3.00 (2.1%)
UNITY 30.20 Increased By ▲ 0.41 (1.38%)
WTL 1.41 Decreased By ▼ -0.01 (-0.7%)
BR100 4,965 Increased By ▲ 76.98 (1.57%)
BR30 25,754 Increased By ▲ 477.72 (1.89%)
KSE100 45,837 Increased By ▲ 558.82 (1.23%)
KSE30 19,174 Increased By ▲ 275.54 (1.46%)

Rizwan Bhatti

Print

Outflows of 'hot' money surge to $1.8 billion

Foreign investors divested some $1.8 billion investment from the government debt instruments during this fiscal year (FY20). Economists said that the global markets are witnessing disintegration due to COVID-19 panic and foreign investors are offloading t
Published 26 Mar, 2020 12:00am
Business & Finance

Banks told to issue 'fit for use' currency

In order to control the spread of coronavirus (COVID-19) through currency notes, the State Bank of Pakistan (SBP) has asked banks to quarantine the cash received from hospitals and clinics and ensure issuance of 'fit for use' cash to general public.
Published 26 Mar, 2020 12:00am
Print

Medical equipment: SBP allows 100 percent advance payment

The State Bank of Pakistan (SBP) Tuesday allowed Authorized Dealers (ADs) up to 100 percent advance payment for the import of medical equipment, medicines, and ancillary items for the medical treatment of COVID-19 epidemic.
Published 25 Mar, 2020 12:00am
Print

Key policy rate cut by 150 basis points on demand slowdown

The Monetary Policy Committee (MPC) of the State Bank of Pakistan, in its emergency meeting Tuesday, has decided to cut the key policy rate by a further 150 basis points (bps) to 11 percent effective March 25, 2020 to address the noticeable slowdown in do
Published 25 Mar, 2020 12:00am
Print

Forex operations: SBP to put in place automated 'RAS' for banks

The State Bank of Pakistan (SBP) has decided to fully implement automated Regulatory Approvals System (RAS) and accordingly banks have been directed to submit cases related to Foreign Exchange Operations Department (FEOD) and Exchange Policy Department (E
Published 22 Mar, 2020 12:00am
Print

SBP lends a helping hand to exporters

The State Bank of Pakistan (SBP) has announced a relief package to support exporters affected by loss of demand due to COVID-19 and to prevent export sector from any liquidity crisis.
Published 21 Mar, 2020 12:00am
Print

GDP growth revised downward to 3 percent

In light of recent domestic and global developments, the State Bank of Pakistan (SBP) has revised the real GDP growth projection downward side. Going forward, SBP is also expecting that the government could face challenges in achieving revenue targets for
Published 18 Mar, 2020 12:00am
Print

Coronavirus challenge: SBP responds prudently

State Bank of Pakistan has cut the key policy rate by 75 basis points and announced two special financing schemes to address the economic and health challenges posed by the spread of coronavirus (COVID-19).
Published 18 Mar, 2020 12:00am
Print

July-February FDI jumps 75 percent YoY

The country fetched Foreign Direct Investment (FDI) amounting to $1.8 billion, up by 75 percent, during the first eight months of this fiscal year (FY20), supported mainly by massive inflows from China.
Published 17 Mar, 2020 12:00am
Print

Lending and deposit rates: SBP issues guidelines for reporting

The State Bank of Pakistan (SBP) has issued fresh guidelines for reporting of lending and deposits rates (RoR) for all scheduled banks (reporting institutions). As per previous directives, reporting institutions were required to submit the RoR data on new
Published 12 Mar, 2020 12:00am
Pakistan

Tri-Angles invests $3.3m in TV, AC production

Tri-Angles Electronics has invested some $3.3 million during last two years for manufacturing and assembling of Hisense LED TV and Air Conditioners (AC) in Pakistan. Hisense is one of the leading brands in China with exports to over 130 countries. Tri-Ang
Published 11 Mar, 2020 12:00am
Print

MPS on March 17

The State Bank of Pakistan (SBP) will announce Monetary Policy Statement for next two months on March 17 with expectations of rate cut on lower inflation outlook. The Independent Monetary Policy Committee (MPC) of the State Bank will meet on Tuesday (Marc
Published 10 Mar, 2020 12:00am