News stories for Rizwan Bhatti

Rizwan Bhatti

Philip Morris MD lists factors behind FDI decline

Informal economic activities, lack of level playing field and unpredictable fiscal and regulatory environment discouraging foreign direct investment in Pakistan.

Published 09 May, 2020 12:06am

Banks to use post-'quarantine' cash

The State Bank of Pakistan (SBP) on Monday allowed the banks for use of quarantined cash, which have completed quarantine period of fourteen (14) days.

Published 05 May, 2020 12:06am

Loan payments: Banks defer Rs 236 billion principal amounts

Banks and DFIs have deferred principal loan payments amounting to Rs 236 billion under relief package announced for borrowers and customers in the wake of COVID-19 pandemic.

Published 02 May, 2020 12:08am

SBP increases financing limit by 150 percent under RFCC

In order to facilitate the health sector in its fight against COVID-19, the State Bank of Pakistan (SBP) has enhanced financing limit by 150 percent for a single hospital or medical center under the Refinance Facility for Combating COVID-19.

Published 02 May, 2020 12:08am

Foreign companies: Repatriation of profit, dividends falls by 4 percent

Repatriation of profits and dividends by foreign companies operating in Pakistan fell 4 percent during the first nine months of the current fiscal year (FY20).

Published 01 May, 2020 12:54am

Payment of wages, salaries: 700 companies apply for Rs 65 billion financing

Some 700 companies have applied for Rs 65 billion financing under the Refinance Scheme for Payment of Wages and Salaries to the Workers and Employees of Business Concerns.

Published 01 May, 2020 12:54am

Pakistan

Legal businesses in peril: 'Higher taxation to boost illicit tobacco trade'

The wide presence of illicit cigarette in the domestic market is causing Rs 44 billion annual loss to the exchequer in shape of revenue.

Published 28 Apr, 2020 11:42pm

SBP allows payment of dividends already approved by banks' BoD

The State Bank of Pakistan (SBP) has allowed disbursement of dividend to those banks, which Board of Directors (BoD) has approved dividends for the March 2020 quarter before April 22, 2020.

Published 24 Apr, 2020 02:52am

July-March CA deficit narrows down 73 percent YoY

The country's current account deficit shrunk significantly, ie, 73 percent during the first nine months of this fiscal year, supported mainly by a steep decline in goods import bill.

Published 24 Apr, 2020 02:52am

Salary refinance scheme: SBP announces more incentives for business concerns

In order to facilitate the business concerns, the State Bank of Pakistan (SBP) Wednesday announced reduction in the interest rate for active taxpayers under the Refinance Scheme for Payment of Wages and Salaries and allowed banks to extend financing again

Published 23 Apr, 2020 02:53am

First two quarters of CY2020: Banks asked to suspend disbursement of dividends

In a major move to conserve capital, the State Bank of Pakistan (SBP) on Wednesday directed banks to suspend the disbursement of dividends for March and June 2020 quarters.

Published 23 Apr, 2020 02:53am

IMF gives $1.39bn under RFI

Pakistan Wednesday received inflows amounting to $ 1.39 billion from the International Monetary Fund (IMF) under the Rapid Financing Instrument to address the economic impact of the COVID-19 shock.

Published 23 Apr, 2020 02:53am

July-March FDI jumps 137 percent YoY

Foreign Direct Investment (FDI) in Pakistan rose sharply, ie, by 137 percent YoY during the first nine months of this fiscal year (FY20).

Updated 21 Apr, 2020 05:23pm

FE-25 deposits: State Bank cuts SCRR by 5 percent

In order to provide liquidity comfort to banks, the State Bank of Pakistan (SBP) Friday cut the Special Cash Reserve Requirement by 5 percent against deposits raised under foreign exchange circular (FE-25).

Published 18 Apr, 2020 12:00am

Policy rate cut to 9 percent on virus fears

The Monetary Policy Committee (MPC) of State Bank of Pakistan (SBP) in its emergency meeting held on Thursday decided to further cut the key policy rate by 200 basis points (bps) to 9 percent to minimize the Coronavirus shock on economic growth. This is t

Published 17 Apr, 2020 12:00am

Rs 20 billion principal amount of loans: Banks defer repayments

Under the State Bank of Pakistan (SBP) relief package, banks have deferred principal repayment of loans worth Rs 20 billion of over 80 thousands borrowers to facilitate them during the COVID-19 outbreak.

Published 16 Apr, 2020 12:00am

SBP offers more incentives to boost remittances

The State Bank of Pakistan (SBP) Tuesday announced some more incentives to motivate banks and exchange companies for enhancement of home remittances through formal channels.

Updated 16 Apr, 2020 05:29pm

Business & Finance

The State of Pakistan's Economy Remains Subdued: 2nd Quarterly SBP Report

The State Bank of Pakistan (SBP) said on Tuesday that the global and domestic spread of Covid-19 has brought an exceptional set of challenges for the country and as the situation is extremely fluid and highly uncertain, the economic outlook remains subdue

Updated 15 Apr, 2020 06:37am

SBP for further structural reforms for sustainable growth

The State Bank of Pakistan (SBP) has emphasized for further structural reforms to ensure that the stabilization measures lead to a sustainable growth path for the country.

Updated 15 Apr, 2020 05:28pm

Sukuk auction announced to finance budget deficit

The State Bank of Pakistan (SBP) on Monday announced the auction for three-year Government of Pakistan (GoP) Ijara Sukuk to raise some Rs 225 billion in the next three months for the federal government.

Published 14 Apr, 2020 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 19	278.45
USD PKR Interbank Buying / Apr 19	278.15
USD to Japanese Yen / Apr 19	154.64
USD to Swiss Franc / Apr 19	0.91
Pound Sterling to USD / Apr 19	1.24
Euro to USD / Apr 19	1.07

Stock	Volume
S&P 500 / Apr 19	4967.23
India Sensex / Apr 19	73088.33
Tokyo Nikkei / Apr 19	37068.35
Nasdaq / Apr 19	15282.01
Hang Seng / Apr 19	16224.14
FTSE 100 / Apr 19	7895.85
Dow Jones / Apr 19	37986.40
Germany DAX 30 / Apr 19	17737.36

Item	Value
Crude Oil USD/Barrel / Apr 19	83.14
Karachi Cotton PKR/37.32 KG / Apr 19	21035
Gold 10 Grams PKR / Apr 19	214935
Gold Spot USD/Ounce / Apr 19	2391.93
Cotton US¢/pound / Apr 19	81.02
Petrol/Litre / Apr 20	293.94

Gainers
Losers
Leaders

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

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

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

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