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Ali Ahmed

Business & Finance

SBP allows Exporters to Make More Types of Payments through SFCAs

The central bank informed that it has now broadened the purposes for which the funds retained in these Special Foreign Currency Accounts (SFCAs) can be utilized.
Banks are allowed to make payment from the accounts for a number of new purposes in addition to existing ones.

Published 20 Feb, 2021 03:56pm

Business & Finance

P@SHA terms SBP measures for exporters a move in the right direction

Days ago, SBP notified revisions in chapter 20 of the Foreign Exchange Manual to modernize foreign exchange regulations for facilitating startups, fintech, and exports in Pakistan.

Published 20 Feb, 2021 01:56pm

Business & Finance

Pakistan to issue Green Bond to boost renewable energy projects

“We’ve got a lot of hydro potential in Pakistan,” he said. “The bonds are there to accelerate this,” said Aslam.

Published 20 Feb, 2021 12:11pm

Business & Finance

Track & Trace System to add billions to exchequer: PM Khan

The prime minister appreciated the role of FBR Headoffice Team for developing the IT-enabled Transformation Plan and procuring Track & Trace System.

Published 20 Feb, 2021 10:50am

Technology

3G data sites upgraded to 4G in South Waziristan: PTA

As per details, Data Services of Cellular Mobile Operators (CMOs) were restored in South Waziristan after Prime Minister's visit on 20th January 2021.

Published 20 Feb, 2021 10:39am

Business & Finance

FCCL announces to setup Greenfield Cement Manufacturing Plant in Punjab

The construction work on the project is expected to commence within current financial year and is expected to have a construction period of about 2.5 years.

Published 19 Feb, 2021 04:13pm

Business & Finance

Electricity price likely to jack up by Rs 0.92 per unit

According to the CPPA, the increase in electricity prices is being done in terms of monthly fuel adjustment.

Published 19 Feb, 2021 03:34pm

Business & Finance

SECP incorporates Fauji Fertilizer’s technical services provider

“After completing the legal formalities a wholly owned subsidiary with the name of OLIVE Technical Services (Private) Limited has been incorporated and registered with Securities and Exchange Commission of Pakistan (SECP),” informed FFC on Friday.

Published 19 Feb, 2021 03:21pm

Business & Finance

Lahore based drug maker eyes to launch country’s biggest pharma IPO

As per Citi Pharma Chief Executive Officer Rizwan Ahmed, the pharma is expected to go public in a matter of six weeks.

Published 19 Feb, 2021 02:26pm

Technology

PTA makes alternate arrangements, after cable fault disrupts internet

“Work is underway to rectify the fault however it may take some time until the fault is removed completely,” informed PTA.

Published 19 Feb, 2021 12:06pm

Business & Finance

SBP develops reporting mechanism to curb Digital Banking Frauds

The central bank in order to have sufficient information about these frauds has developed two standardized formats to record information relating to attempted and committed fake call frauds.

Published 19 Feb, 2021 11:45am

Business & Finance

Notification issued, Masroor Khan appointed Chairman Ogra

Days ago, the federal government gave approval to the appointment of Masroor Khan as chairman Oil and Gas Regulatory Authority (Ogra).

Published 19 Feb, 2021 11:23am

Business & Finance

Prices of edible items to be jacked up at Utility Stores

The final decision will be taken after the approval of the National Economic Co-ordination Committee.

Published 19 Feb, 2021 10:39am

Technology

Pakistani fintech grabs USAID Innovation Grant to digitize MSMEs

Launched in September 2019, PayPro has processed approximately 70,000 transactions valued at more than Rs1 billion in throughput to date.

Published 19 Feb, 2021 10:02am

Business & Finance

SBP changes rules governing Primary Dealer System, SLR

The SBP said that it has been decided to withdraw holding limits specified in the above circular on existing as well as new issues.
Accordingly, PDs and Non-PDs may hold a particular issue of a long term paper without any holding limit restriction.

Published 18 Feb, 2021 04:44pm

Business & Finance

SBP instructs FIs to improve Data Reporting in eCIB

Under the instructions, the member FIs should develop well documented Standard Operating Procedures (SOPs) for the eCIB data feeding, compilation, validation, and its reporting.

Published 18 Feb, 2021 04:06pm

Business & Finance

Pakistan import food items worth over Rs 754bn

According to the Pakistan Bureau of Statistics, sugar imports from July to January increased by more than 7,000 percent and a total of Rs. 20.60 billion worth of sugar was imported during the period.

Published 18 Feb, 2021 03:12pm

Business & Finance

Despite COVID-19, Pakistan economy moving in the right direction, says PM

The premier was of the view that unless the rupee strengthens, the economy will not strengthen because when the currency falls, so does investment.

Updated 18 Feb, 2021 04:58pm

Business & Finance

Baqir expects more milestones as Roshan Digital Accounts achieve $500mn target

“It is a great day for us as the State Bank of Pakistan (SBP) Roshan Digital Accounts have achieved the milestone of $500 million,” said Baqir in a ceremony on Thursday, while thanking the Prime Minister for the premier’s vision alongside lauding the Overseas Pakistanis as well.

Updated 18 Feb, 2021 12:51pm

Business & Finance

Pakistan, Egypt agree to bolster economic ties

Both the Foreign Ministers discussed the matters of mutual interest including the ways and means to enhance bilateral cooperation in different sectors.

Published 18 Feb, 2021 11:08am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 27	277.03
USD PKR Interbank Buying / Nov 27	277.83
USD to Japanese Yen / Nov 27	151.96
USD to Swiss Franc / Nov 27	0.88
Pound Sterling to USD / Nov 27	1.26
Euro to USD / Nov 27	1.05

Stock	Volume
S&P 500 / Nov 26	6,021.63
Nasdaq / Nov 26	19,175.58
FTSE 100 / Nov 26	8,258.61
Dow Jones / Nov 26	44,860.31
Germany DAX 30 / Nov 26	19,295.98
France CAC40 / Nov 26	7,194.51
India Sensex / Nov 27	80,416.35
Tokyo Nikkei / Nov 27	38,134.97

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 26	17,685
Gold 10 Grams PKR / Nov 26	239,716
Petrol/Litre / Nov 27	248.38
Crude Oil USD/Barrel / Nov 27	69.12
Gold Spot USD/Ounce / Nov 27	2,647.32
Diesel/Litre / Nov 27	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 27 786 Investments Limited(786)	6.48 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 27 Al-Abbas Sugar Mills Limited(AABS)	610.84 ▼ 0.00 (0.00%)
Agro Allianz / Nov 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 27 Ali Asghar Textile Mills Limited(AATM)	68.52 ▼ 0.00 (0.00%)
Allied Bank / Nov 27 Allied Bank Limited(ABL)	125.50 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 27 Abbott Laboratories (Pakistan) Limited(ABOT)	917.87 ▼ 0.00 (0.00%)
Abson Ind. / Nov 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 27 Alfalah Consumer Index ETF.(ACIETF)	11.82 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 27 786 Investments Limited(786)	6.48 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 27 Al-Abbas Sugar Mills Limited(AABS)	610.84 ▲ 0.00 (0.00%)
Agro Allianz / Nov 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 27 Ali Asghar Textile Mills Limited(AATM)	68.52 ▲ 0.00 (0.00%)
Allied Bank / Nov 27 Allied Bank Limited(ABL)	125.50 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 27 Abbott Laboratories (Pakistan) Limited(ABOT)	917.87 ▲ 0.00 (0.00%)
Abson Ind. / Nov 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 27 Alfalah Consumer Index ETF.(ACIETF)	11.82 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 27 K-Electric Limited(KEL)	101,636,133 ▲ 0.00
B.O.Punjab / Nov 27 The Bank of Punjab(BOP)	92,023,190 ▲ 0.00
Hascol Petrol / Nov 27 Hascol Petroleum Limited(HASCOL)	73,320,431 ▲ 0.00
Fauji Foods Ltd / Nov 27 Fauji Foods Limited(FFL)	54,116,789 ▲ 0.00
Sui South Gas / Nov 27 Sui Southern Gas Company Limited(SSGC)	54,088,119 ▲ 0.00
Treet Battery / Nov 27 Treet Battery Limited(TBL)	49,797,748 ▲ 0.00
Pace (Pak) Ltd. / Nov 27 Pace (Pakistan) Limited(PACE)	47,465,434 ▲ 0.00
WorldCall Telecom / Nov 27 Worldcall Telecom Limited(WTL)	44,206,223 ▲ 0.00
Cnergyico PK / Nov 27 Cnergyico PK Limited(CNERGY)	34,058,498 ▲ 0.00

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