News stories for Rizwan Bhatti

Rizwan Bhatti

Manufacturing: SBP allows 50 percent advance payments against letters of credit

The State Bank of Pakistan (SBP) Thursday allowed banks to make advance payment up to 50 percent of the value of imports against Letters of Credit (LCs) for manufacturing concerns.

Published 13 Dec, 2019 12:00am

Country receives $1.3 billion loan from ADB

Pakistan has received some $ 1.3 billion from Asian Development Bank (ADB) as loan to strengthen the economy. A Special Policy-Based loan was approved by ADB on December 6, 2019 for Pakistan for budgetary support and economic reforms. Accordingly, on Dece

Published 11 Dec, 2019 12:00am

FATF challenge: Citi Pakistan CEO sees no blacklisting prospects

Terming the Pakistan's economic prospect 'positive', Citibank Pakistan Monday said that the country will 'remain' on the grey list of FATF next year, however, there is no blacklisting probability.

Published 10 Dec, 2019 12:00am

Government debt stocks exceed Rs 32 trillion mark in October

The federal government's total debt (domestic and external) stocks continue to surge crossing Rs 32 trillion mark in October 2019, mainly due to high fiscal imbalance.

Published 07 Dec, 2019 12:00am

Textile exporters perturbed by partial payment of refunds

Textile exporters have expressed concern over deferment of some payment against sales tax refund claims under the Fully Automated Sales Tax e-Refund System (FASTER) without providing any substantive reason.

Published 07 Dec, 2019 12:00am

SDV data compilation: DPC issues 'SRF' for banks

The Deposit Protection Corporation (DPC) has issued a Standardized Report Format (SRF) to enable banks to compile "Single Depositor View (SDV)" data as per requirements of reimbursement.

Published 06 Dec, 2019 12:00am

Country manages to pay back $1bn against Sukuk

Pakistan Monday paid back some $1 billion on maturity of five-year international Sukuk.

Published 03 Dec, 2019 12:00am

Transaction limits of remittances revised upward

The State Bank of Pakistan (SBP) has revised some transaction limits of home remittances upward side to facilitate freelancers and pensioners. In order to further facilitate overseas Pakistanis, in October 2018, Authorized Dealers (ADs) were allowed to co

Published 27 Nov, 2019 12:00am

Import permits for over 16,000 MTs of tomatoes issued

Following the directives of the federal government, the Department of Plant Protection (DPP) has issued import permits for the import of over 16,000 metric tons of tomato to arrest the commodity's skyrocketing prices in the domestic market.

Published 24 Nov, 2019 12:00am

C/A turns positive with $99 million surplus

The country's current account turned positive with $ 99 million surplus in October 2019 supported by significant import compression and slight growth in exports.

Published 19 Nov, 2019 12:00am

FX/SWAP trade: Banks told to ensure timely transmission of SWIFT messages

The State Bank of Pakistan (SBP), discontinuing the hardcopy condition, has asked banks to ensure timely transmission of SWIFT messages to ensure smooth settlement process.

Published 16 Nov, 2019 12:00am

SBP takes steps to boost exports, manufacturing

The State Bank of Pakistan (SBP) on Tuesday announced two key measures to boost exports and facilitate the manufacturing sector. The SBP has decided to enhance the existing limits of exports-related soft loans upto Rs 100 billion and secondly allowed manu

Published 13 Nov, 2019 12:00am

External debt sustainability: Indicators show Deterioration

Pakistan's external debt sustainability indicators are showing deterioration in debt bearing capacity due to higher external debt and liabilities to GDP ratio.

Published 04 Nov, 2019 12:00am

New payment systems strategy targets 7pc GDP, 4m jobs: SBP

The State Bank of Pakistan (SBP) Friday issued 'National Payment Systems Strategy' to comply with international standards for a safe, efficient and inclusive payment system aiming to boost GDP by 7 percent.

Published 02 Nov, 2019 12:00am

Massive fluctuation in exchange rates: SBP suffers over Rs1bn loss in FY19

The State Bank of Pakistan's massive profit during FY18 has turned into a loss in FY19 following substantial exchange loss due to PKR depreciation against the USD and the SDR. Reportedly, for the first time in its history, the SBP has suffered a consolida

Published 31 Oct, 2019 12:00am

FBR reforms may create liquidity issues: SBP

The State Bank of Pakistan (SBP) has said that tax structural reforms introduced by the Federal Board of Revenue (FBR) for documentation of businesses may create liquidity issues and affect overall economic activity in the short-term.

Published 30 Oct, 2019 12:00am

Real GDP growth likely to remain subdued: SBP

Forecasting a 3-4 percent GDP growth with higher inflation outlook for this fiscal year (FY20), the State Bank of Pakistan has said that though early signs of recovery are already visible, the real GDP growth is likely to remain subdued.

Published 29 Oct, 2019 12:00am

26,679 beneficiaries: PMYBL disbursements reach Rs 26.76 billion by FY19-end

Cumulative disbursements under the Prime Minister's Youth Business Loans (PMYBL) Scheme have reached Rs 26.76 billion to 26,679 beneficiaries at the end of last fiscal year (FY19). Total number of applications received by banks/Executing Agencies (EAs) un

Published 26 Oct, 2019 12:00am

Pakistan

26,679 beneficiaries: PMYBL disbursements reach Rs 26.76 billion by FY19-end

Published 26 Oct, 2019 12:00am

Banks, DFIs must implement 'IFRS 9' by January 1, 2021: SBP

On the requests of the banking industry, the State Bank of Pakistan (SBP) has deferred implementation on International Financial Reporting Standard 9 (IFRS 9) and now all banks, DFIs and Microfinance Banks will be required to implement IFRS 9 by January 1

Published 25 Oct, 2019 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.61
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 25	5048.42
India Sensex / Apr 25	74339.44
Tokyo Nikkei / Apr 25	37628.48
Nasdaq / Apr 25	15611.76
Hang Seng / Apr 25	17284.54
FTSE 100 / Apr 25	8078.86
Dow Jones / Apr 25	38085.80
Germany DAX 30 / Apr 25	17917.28

Item	Value
Crude Oil USD/Barrel / Apr 25	83.77
Karachi Cotton PKR/37.32 KG / Apr 25	20535
Gold 10 Grams PKR / Apr 25	240900
Gold Spot USD/Ounce / Apr 25	2331.28
Cotton US¢/pound / Apr 25	81.08
Petrol/Litre / Apr 26	293.94

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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