News stories for Rizwan Bhatti

Rs 40,000 denomination prize bonds: Last date for conversion/replacement/encashment extended till December 31

KARACHI: The federal government has granted further relaxation to the investors of Rs 40,000 denomination National...

Published 02 Jul, 2020 02:48am

Business & Finance

Banks' profit-sharing mechanism questioned

KARACHI: A renowned economist, Shahid Hasan Siddiqui has questioned the mechanism employed by commercial banks on...

Published 01 Jul, 2020 03:09am

SBP extends Rozgar Scheme/RSF for another 3 months

KARACHI: The State Bank of Pakistan (SBP) has announced to extend the Rozgar Scheme for Supporting Employment and...

Updated 01 Jul, 2020 03:32am

SBP revising regulatory limits on consumer financing

KARACHI: In order to facilitate the banking customers, the State Bank of Pakistan (SBP) has said it is revising...

Published 30 Jun, 2020 03:10am

Islamic banking deposits expand market share to 17 percent

KARACHI: Deposits of Islamic banking industry experienced a quarterly growth of Rs 40 billion and market share of...

Published 30 Jun, 2020 03:10am

Markets

SBP extends EFS limits to individual exporters

KARACHI: The State Bank of Pakistan (SBP) has announced to extend the refinance limits sanctioned by banks to...

Published 27 Jun, 2020 02:55am

Markets

SBP cuts policy rate by 100bps to 7 percent

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP), in its emergent meeting held on...

Published 26 Jun, 2020 03:34am

May C/A posts $13m surplus

KARACHI: The country's current account posted a $13 million surplus in May supported by sharp decline in the import...

Updated 25 Jun, 2020 03:30am

Markets

$1bn inflows received from ADB, WB

KARACHI: Pakistan on Wednesday received inflows amounted to $1 billion from international financial institutions as...

Published 25 Jun, 2020 02:49am

Business & Finance

July 1 to May 15 period: Govt borrows Rs1.9trn from banks for budgetary support

KARACHI: The federal government's borrowing for budgetary support from scheduled banks witnessed a significant ...

Updated 13 Jun, 2020 10:45pm

July-April services trade deficit plunges 33 percent YoY

The country's services trade deficit plunged by 33 percent during the first ten months of this fiscal year (FY20), supported by contraction in imports.

Published 31 May, 2020 12:04am

Manila rice tender: REAP urges govt to make 'serious' efforts towards getting enlisted

Rice Exporters Association of Pakistan (REAP) has urged the federal government to make some concrete and serious efforts for enlisting in the international rice tender issued by Philippine government.

Published 29 May, 2020 12:05am

SBP unveils guidelines on transfer, assignment of NPAs to CRCs

The State Bank of Pakistan (SBP) has issued guidelines on "Transfer and Assignment of Non-Performing Assets to Corporate Restructuring Companies (CRCs)."

Published 28 May, 2020 12:03am

July-April period: C/A deficit shrinks 71 percent on lower import bill

The country's external account continues to perform well as the current account deficit posted a notable decline of 71 percent during the first 10 months of this fiscal year, mainly due to lower import bill.

Published 22 May, 2020 12:03am

Rozgar Refinance Scheme: SBP allows reimbursement of wages, salaries

The State Bank of Pakistan (SBP) has allowed reimbursement of wages and salaries paid by businesses from their own sources during the April and May, under its Rozgar Refinance Scheme. According to SBP, in order to facilitate those borrowers, who had appli

Published 21 May, 2020 12:09am

Purchase of locally-procured inputs: PBEA seeks exemption from sales tax, FED

Pakistan Bedwear Exporters Association has asked for exemption from sales tax and federal excise duty (FED) on buying of locally procured input goods by exporters operating under the Export Oriented Units and Small and Medium Enterprises. The Federal Boar

Published 20 May, 2020 12:05am

FDI grows 127 percent in 10 months

Despite Covid-19 pandemic, Foreign Direct Investment (FDI) continued its rising trend in Pakistan and posted a healthy growth of 127 percent during the first ten months of current fiscal year (FY20). The State Bank of Pakistan (SBP) revealed on Monday tha

Published 19 May, 2020 12:02am

Policy rate cut to 8pc on positive inflation outlook

The Monetary Policy Committee (MPC) of State Bank of Pakistan (SBP) on Friday reduced the policy rate by 100 basis points (bps) to 8 percent on positive inflation outlook, the fourth time it has cut rates since the coronavirus pandemic hit two months ago.

Published 16 May, 2020 12:07am

Pakistan

Ship breaking industry seeks tax relief

The ship breaking industry is seeking tax relief from the federal and provincial governments to avoid complete collapse at a time when a number of industries are already passing through tough phase due to the coronavirus pandemic.

Published 16 May, 2020 12:07am

SBP urged to include current LCs, bonded goods in TERF scheme

Industrialists have urged the State Bank of Pakistan (SBP) to include the current Letters of Credit (LCs) and already imported equipment, lying at ports, in the Temporary Economic Refinance Facility (TERF) scheme.

Published 15 May, 2020 12:05am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 27	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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