News stories for Asad Rizvi - Business Recorder

Asad Rizvi

Opinion

Gold price surges to record high

The “DOT PLOT”, which predicts three interest rate decreases in 2024, remains intact despite Fed Chairman...

Updated 22 Mar, 2024 05:33am

Opinion

Policy rate: a cut is likely?

Despite a decline in inflation, overall costs are still growing this year in comparison to prior years. Regarding...

Published 18 Mar, 2024 04:56am

Opinion

Outlook 2024 – II

Increasing bank lending should to be the next move. The ratio of advances to deposits should increase from present...

Updated 03 Jan, 2024 05:59am

Opinion

Outlook 2024-I

Global perspective has recently changed as economies have shown to be more resilient than experts had anticipated....

Published 02 Jan, 2024 05:21am

Opinion

PKR’s performance

Fitch Solutions Co. was as quoted by Bloomberg as saying that the PKR would drop as low as 350 by the end of 2024....

Published 04 Dec, 2023 05:35am

Opinion

Is PKR only currency under duress?

The market has recently seen a decline in the value of PKR in relation to USD. This has been happening non-stop for...

Published 10 Nov, 2023 03:07am

Opinion

Outsourcing govt borrowing!

On Friday Feb 24, a news report appeared in this newspaper that the ministry of finance (MoF) is working on a plan ...

Published 27 Feb, 2023 06:17am

Opinion

Outlook 2023

After a very disappointing and disorderly year end, the global market is probably heading for another difficult...

Published 03 Jan, 2023 03:25am

Opinion

Pakistan won’t default

The ongoing ‘default’ discussion is a favourite political and economic pastime. After the first decade since...

Published 12 Dec, 2022 06:07am

Opinion

Economy needs a rate cut

Last week, the cut-off yield of PIBs and T/bills was mostly lower. It moved down by about 15 basis points to 50 ...

Published 23 May, 2022 06:15am

Opinion

Policy rate: 25bps to 50bps hike on the cards?

After the passage of the SBP autonomy bill by the National Assembly, the State Bank of Pakistan will be unveiling ...

Published 24 Jan, 2022 06:50am

Opinion

2022: What’s in store?—II

In December, SBP conducted open market operations (OMOs) three times, which did not prove to be an effective ...

Published 05 Jan, 2022 05:36am

Opinion

2022: What’s in store?—I

While the world economies are maintaining a robust growth momentum, there are strong indicators pointing towards an...

Published 04 Jan, 2022 06:54am

Opinion

The Hawala challenge

There is a lot of talk and concern about Hawala business. The surge is not new; the gap widened soon after the...

Published 22 Dec, 2021 06:13am

Opinion

IMF and the challenges ahead

An analysis by this writer ‘Policy Rate Hike-Weak Rupee can be deadly combination’ was carried by this newspaper...

Published 18 Nov, 2021 03:58am

Opinion

Policy rate hike-weak rupee can be 'deadly' combination

Five global central banks, including State Bank of Pakistan, will be making policy announcements this week. The ...

Published 20 Sep, 2021 05:23am

Opinion

Remittances: SBP deserves a lot of praise

The country's remittances hit an all-time high of USD 29,370.9 million. When I wrote (July 18, 2020 article in...

Published 14 Jul, 2021 03:59am

Opinion

Inflation: Fed’s hawkish overtones

Global markets will remain jittery after the US Fed unexpectedly signalled it could begin tapering its massive...

Published 21 Jun, 2021 03:43am

Opinion

In response to J.P. Morgan’s report

This is apropos a J.P. Morgan report carried by the newspaper on Friday. Although publishing reports is JP’s ...

Published 14 Jun, 2021 03:39am

Opinion

Financial sector’s base needs to be broadened

In developing economies it’s a very common claim or slogan that the budget is pro-growth and people-friendly....

Published 09 Jun, 2021 03:29am

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

Markets →

Calculate your monthly liability in FY24

Most Popular