News stories for Rizwan Bhatti

Rizwan Bhatti

Export-oriented industrial development: SBP to provide additional concessional financing

In order to promote export oriented industrial development, the State Bank of Pakistan (SBP) has announced that it would provide additional concessional financing of Rs.200 billion - Rs. 100 billion under Long Term Financing Facility (LTFF) and Rs. 100 bi

Published 29 Jan, 2020 12:00am

Cigarette industry output plunges following FED hike: SBP

The significant increase in Federal Excise Duty (FED) on cigarettes has adversely affected the output of the industry. According to the State Bank of Pakistan (SBP), the output of the cigarette industry sharply declined by 34.5 percent during first quarte

Published 26 Jan, 2020 12:00am

MPS on 28th: Policy rate may be kept unchanged

The State Bank of Pakistan (SBP) will announce the monetary policy on January 28 for next two month. The Monetary Policy Committee (MPC) of the SBP will meet on Tuesday, (Jan 28) at the SBP Karachi for deliberations on economic indicators to take a decisi

Published 22 Jan, 2020 12:00am

Dam funds: SBP issues warning

The State Bank of Pakistan (SBP) has warned that any negligence for collection of Dam funds may face penal action against banks and may also tantamount to contempt of court.

Published 21 Jan, 2020 12:00am

Wheat flour prices shoot up by Rs5/kg

Wheat flour prices rose sharply by Rs 5 per kilogramme following shortage of the commodity in the domestic market.

Published 19 Jan, 2020 12:00am

Foreign investment in government securities exceeds $2 billion

Foreign investment in the government's debt instruments, including Market Treasury Bills (T-bills) and Pakistan Investment Bond (PIBs) surged to $2.26 billion during this fiscal year (FY20).

Published 18 Jan, 2020 12:00am

1H FDI posts 68 percent growth

Foreign Direct Investment (FDI) posted 68 percent growth during the first half of this fiscal year (FY20) supported by massive inflows in telecom sector.

Published 17 Jan, 2020 12:00am

Government mops up Rs 275 billion through MTBs

The federal government Wednesday raised some Rs 275 billion through the auction for short-term government papers. Analysts said that banks have aggressively participated in the MTBs auction to park their liquidity at higher rates as the monetary policy is

Published 16 Jan, 2020 12:00am

Markets

Urea offtake jumps to 6.2 million tons in CY2019

Urea offtake surged to some 6.2 million tons during the last year (CY2019) supported by attractive wheat support price.

Published 15 Jan, 2020 12:00am

BoD and general meetings: SBP asks FIs to ensure accurate recording of minutes

The State Bank of Pakistan (SBP) has asked financial institutions to ensure accurate recording of minutes of Board of Directors (BoD) and general meetings reflecting the key deliberations, rationale for each decision made, and any significant concerns or

Published 08 Jan, 2020 12:00am

C/A deficit to be 1.5-2.5pc of GDP in FY20: SBP

The State Bank of Pakistan (SBP) has estimated that the current account deficit (CAD) for FY20 is likely to stay within the range of 1.5-2.5 percent of GDP. According to SBP report "The State of Pakistan's Economy" for first quarter (July-Sep) of FY20, is

Published 07 Jan, 2020 12:00am

SBP fears rise in food inflation

The State Bank of Pakistan (SBP) said on Monday that the policy mix appears adequate to address the macroeconomic imbalances and push the economy towards stability as Pakistan's economy moved progressively along the adjustment path during the first quarte

Published 07 Jan, 2020 12:00am

SBP evolves mechanism for payment of service charges subsidy, portfolio loss under PMKJ-YES

The State Bank of Pakistan (SBP) has issued mechanism for payment of service charges subsidy and portfolio loss sharing with banks under Prime Minister's Kamyab Jawan Youth Entrepreneurship Scheme (PMKJ-YES).

Published 04 Jan, 2020 12:00am

Government saves $250 million with resumption of gas supply to two fertiliser plants

The government's decision to resume gas supply to two closed fertiliser plants resulted in saving of precious foreign exchange amounted to approximately $250 million, besides sufficient urea supply in the domestic market during last year.

Published 03 Jan, 2020 12:00am

FATF challenge: SBP speeds up action plan

In order to further align Anti Money Laundering (AML) and Combating of Financing of Terrorism (CFT) Regulations with the Financial Action Task Force (FATF) recommendations, the State Bank of Pakistan (SBP) has amended various regulations for financial ins

Published 01 Jan, 2020 12:00am

Effective Jan 1, 2020: Yen added to ACU mechanism: SBP

Japanese yen has been added as the third currency along with USD and euro to the Asian Clearing Union (ACU) mechanism with effect from next year, a circular issued by the State Bank of Pakistan (SBP) said Monday.

Published 24 Dec, 2019 12:00am

Dam fund: Instructions must be complied with, SBP tells banks

The State Bank of Pakistan (SBP) has asked banks for meticulous compliance with the directives issued on the Supreme Court of Pakistan and Prime Minister of Pakistan (SCP and PM) Diamer-Bhasha and Mohmand Dam Fund.

Published 21 Dec, 2019 12:00am

Forex loans: Banks delegated powers of registration

The State Bank of Pakistan (SBP) has delegated the power of registration of foreign currency (FCY) loans to banks aimed at facilitating corporate entities for raising FCY loans from abroad and further improve the business environment in the country. Previ

Published 18 Dec, 2019 12:00am

Debt instruments: Rising foreign investment shows investor confidence: SBP

The State Bank of Pakistan (SBP) Monday said that increasing foreign investment in government's debt instruments is a manifestation of growing confidence of international investors on the positive outlook of Pakistan's economy.

Published 17 Dec, 2019 12:00am

IBI deposits down Rs 8 billion in Q3CY19

Deposits of Islamic Banking Industry (IBI) recorded a decline of Rs 8 billion during the third quarter (Jul-Sep) of this calendar year (CY19).

Published 14 Dec, 2019 12:00am

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	156.17
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 25	5048.42
Nasdaq / Apr 25	15611.76
FTSE 100 / Apr 25	8078.86
Dow Jones / Apr 25	38085.80
Germany DAX 30 / Apr 25	17917.28
France CAC40 / Apr 25	8016.65
India Sensex / Apr 26	74171.68
Tokyo Nikkei / Apr 26	37934.72

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 25	20535
Gold 10 Grams PKR / Apr 25	240900
Petrol/Litre / Apr 26	293.94
Crude Oil USD/Barrel / Apr 26	83.89
Gold Spot USD/Ounce / Apr 26	2336.33
Diesel/Litre / Apr 26	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 26 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 26 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 26 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 26 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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