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Rizwan Bhatti

Aehzam wins scrabble player of the month award
Print

Aehzam wins scrabble player of the month award

Young Aehzam Ahmed won the inaugural 'player of the month' award announced by Pakistan Scrabble Association for the month of September-2019. The award was announced by the Director Youth Program, Tariq Pervez, to encourage participation in the weekly game
Published 30 Sep, 2019 12:00am
Rice exports witness 37 percent growth in July-August
Markets

Rice exports witness 37 percent growth in July-August

Pakistan's rice exports witnessed a hefty growth of 37 percent in the first two months (July-Aug) of current fiscal year (FY20). According to latest exports statistics, Pakistan has exported some 368,503 metric tons rice amounted to $ 212.168 million duri
Published 30 Sep, 2019 12:00am
Rice exports witness 37 percent growth in July-August
Markets

Rice exports witness 37 percent growth in July-August

Pakistan's rice exports witnessed a hefty growth of 37 percent in the first two months (July-Aug) of current fiscal year (FY20). According to latest exports statistics, Pakistan has exported some 368,503 metric tons rice amounted to $ 212.168 million duri
Published 30 Sep, 2019 12:00am
MTBs margin declines on possible rate cut
Print

MTBs margin declines on possible rate cut

Margin on all short-term government papers further declined in the auction held Wednesday, mainly due to expected ease in monetary policy. The State Bank of Pakistan (SBP), on September 25, 2019, conducted the auction for the sale of 3-, 6- and 12-month M
Published 26 Sep, 2019 12:00am
MTBs margin declines on possible rate cut
Print

MTBs margin declines on possible rate cut

Margin on all short-term government papers further declined in the auction held Wednesday, mainly due to expected ease in monetary policy. The State Bank of Pakistan (SBP), on September 25, 2019, conducted the auction for the sale of 3-, 6- and 12-month M
Published 26 Sep, 2019 12:00am
Banks' recoveries against NPLs soar by 60 percent in Q2CY19
Print

Banks' recoveries against NPLs soar by 60 percent in Q2CY19

Despite slow economic activity in the country, the banking sector's cash recoveries against Non-Performing Loans (NPLs) showed an improved picture, rising by 60 percent during the second quarter of current calendar year (CY19). According to the State Bank
Published 24 Sep, 2019 12:00am
Banks' recoveries against NPLs soar by 60 percent in Q2CY19
Print

Banks' recoveries against NPLs soar by 60 percent in Q2CY19

Despite slow economic activity in the country, the banking sector's cash recoveries against Non-Performing Loans (NPLs) showed an improved picture, rising by 60 percent during the second quarter of current calendar year (CY19). According to the State Bank
Published 24 Sep, 2019 12:00am
SBP holds rates, says recent hikes enough to tame inflation
Markets

SBP holds rates, says recent hikes enough to tame inflation

The Monetary Policy Committee of the State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 13.25 percent for next two months as the current stance of monetary policy is appropriate to bring inflation down. The decision was taken at
Published 17 Sep, 2019 12:00am
SBP holds rates, says recent hikes enough to tame inflation
Markets

SBP holds rates, says recent hikes enough to tame inflation

The Monetary Policy Committee of the State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 13.25 percent for next two months as the current stance of monetary policy is appropriate to bring inflation down. The decision was taken at
Published 17 Sep, 2019 12:00am
NPLs of banking sector soar to record Rs 783 billion
Print

NPLs of banking sector soar to record Rs 783 billion

Non-Performing Loans (NPLs) of banking sector rose to historic level of Rs 783 billion at the end of June 2019, mainly due to lower recoveries on the back of higher interest rate. According to State Bank of Pakistan's statistics, NPLs of the banking secto
Published 13 Sep, 2019 12:00am
NPLs of banking sector soar to record Rs 783 billion
Print

NPLs of banking sector soar to record Rs 783 billion

Non-Performing Loans (NPLs) of banking sector rose to historic level of Rs 783 billion at the end of June 2019, mainly due to lower recoveries on the back of higher interest rate. According to State Bank of Pakistan's statistics, NPLs of the banking secto
Published 13 Sep, 2019 12:00am
MTB yields decline up to 31bps in auction
Print

MTB yields decline up to 31bps in auction

The yields of short-term government papers declined up to 31 basis points (bps) in the auction held Wednesday. Analysts said that the downward trend in margin of Market Treasury Bills is mainly due to expected cut in interest rate in coming monetary polic
Published 12 Sep, 2019 12:00am
MTB yields decline up to 31bps in auction
Print

MTB yields decline up to 31bps in auction

The yields of short-term government papers declined up to 31 basis points (bps) in the auction held Wednesday. Analysts said that the downward trend in margin of Market Treasury Bills is mainly due to expected cut in interest rate in coming monetary polic
Published 12 Sep, 2019 12:00am
Insurance industry's asset base may expand further in CY19
Markets

Insurance industry's asset base may expand further in CY19

The insurance industry's asset base is expected to expand further in CY19; however insurance sector regulator's capital requirements may lead to consolidation in the insurance industry with some insurers expected to merge or acquire smaller insurers. Acco
Published 10 Sep, 2019 12:00am
Insurance industry's asset base may expand further in CY19
Markets

Insurance industry's asset base may expand further in CY19

The insurance industry's asset base is expected to expand further in CY19; however insurance sector regulator's capital requirements may lead to consolidation in the insurance industry with some insurers expected to merge or acquire smaller insurers. Acco
Published 10 Sep, 2019 12:00am
SBP imposes Rs805m monetary fines on banks
Markets

SBP imposes Rs805m monetary fines on banks

The State Bank of Pakistan (SBP) has imposed monetary penalties amounting to Rs 805 million on 10 banks in August 2019 for noncompliance of regulatory requirements. SBP has disclosed significant enforcement actions taken against banks in the last month ai
Published 07 Sep, 2019 12:00am
SBP imposes Rs805m monetary fines on banks
Markets

SBP imposes Rs805m monetary fines on banks

The State Bank of Pakistan (SBP) has imposed monetary penalties amounting to Rs 805 million on 10 banks in August 2019 for noncompliance of regulatory requirements. SBP has disclosed significant enforcement actions taken against banks in the last month ai
Published 07 Sep, 2019 12:00am
SBP fears further economic slowdown
Markets

SBP fears further economic slowdown

The State Bank of Pakistan (SBP) on Thursday said that the necessary stabilization measures may further slow down the pace of economic activity and the external account imbalances and related uncertainties are likely to have repercussions for the financia
Published 06 Sep, 2019 12:00am