News stories for Rizwan Bhatti

Rizwan Bhatti

Policy rate cut to 9 percent on virus fears

The Monetary Policy Committee (MPC) of State Bank of Pakistan (SBP) in its emergency meeting held on Thursday decided to further cut the key policy rate by 200 basis points (bps) to 9 percent to minimize the Coronavirus shock on economic growth. This is t

Published 17 Apr, 2020 12:00am

Rs 20 billion principal amount of loans: Banks defer repayments

Under the State Bank of Pakistan (SBP) relief package, banks have deferred principal repayment of loans worth Rs 20 billion of over 80 thousands borrowers to facilitate them during the COVID-19 outbreak.

Published 16 Apr, 2020 12:00am

SBP offers more incentives to boost remittances

The State Bank of Pakistan (SBP) Tuesday announced some more incentives to motivate banks and exchange companies for enhancement of home remittances through formal channels.

Updated 16 Apr, 2020 05:29pm

Business & Finance

The State of Pakistan's Economy Remains Subdued: 2nd Quarterly SBP Report

The State Bank of Pakistan (SBP) said on Tuesday that the global and domestic spread of Covid-19 has brought an exceptional set of challenges for the country and as the situation is extremely fluid and highly uncertain, the economic outlook remains subdue

Updated 15 Apr, 2020 06:37am

SBP for further structural reforms for sustainable growth

The State Bank of Pakistan (SBP) has emphasized for further structural reforms to ensure that the stabilization measures lead to a sustainable growth path for the country.

Updated 15 Apr, 2020 05:28pm

Sukuk auction announced to finance budget deficit

The State Bank of Pakistan (SBP) on Monday announced the auction for three-year Government of Pakistan (GoP) Ijara Sukuk to raise some Rs 225 billion in the next three months for the federal government.

Published 14 Apr, 2020 12:00am

President & CEO of BankIslami says: Banks, financial institutions providing support to economy

While the coronavirus outbreak is threatening businesses around the world and economies are also witnessing a slowdown, banks and financial institutions in Pakistan remain functional as a fundamental support for the economy.

Published 13 Apr, 2020 12:00am

Businesses offered scheme by SBP to avert layoffs

The State Bank of Pakistan (SBP) has introduced a temporary refinance scheme to incentivize businesses to not lay off their workers during COVID-19 Pandemic. This scheme is expected to ease cash flow constraints of the employers for timely payment of the

Published 11 Apr, 2020 12:00am

Relief funds: SBP waives services charges on donations

The State Bank of Pakistan (SBP) has waived service charges on donations to Prime Minister's and provincial governments' relief funds for Covid19 through payment cards.

Published 08 Apr, 2020 12:00am

Refinance Schemes: SBP allows deferment of loans for a year

The State Bank of Pakistan (SBP) has announced to extend the scope of financial relief package to borrowers availing loans under Refinance Schemes. Now, the borrowers of SBP's refinance schemes will be allowed for deferment in repayment of principal amoun

Published 04 Apr, 2020 12:00am

SBP asks banks to accept donations to PM's relief fund

The State Bank of Pakistan (SBP) has asked banks for acceptance of donations for Prime Minister's COVID-19 Pandemic Relief Fund 2020.

Published 03 Apr, 2020 12:00am

Forex reserves plunge $1.5 billion in March

The country's total liquid foreign exchange reserves posted a notable decline of $1.5 billion during March, mainly due to massive outflow of hot money.

Published 03 Apr, 2020 12:00am

SBP allows banks to provide direct cheque deposit facility

The State Bank of Pakistan (SBP) has allowed banks to provide direct cheque deposit facility to customers for smooth paper-based clearing operations in the wake of COVID-19.

Published 29 Mar, 2020 12:00am

Branchless banking operations: SBP announces measures for promotion

The State Bank of Pakistan (SBP) has announced measures for the promotion of digital payments and Branchless Banking Operations to combat COVID-19 pandemic.

Published 28 Mar, 2020 12:00am

Loans and advances; Banks, DFIs defer payment of principal amount by one year

Under a relief package for borrowers and customers, banks and DFIs Thursday deferred payment of principal amount on loans and advances by one year to let borrowers to cope with the impact of COVID-19 pandemic.

Published 27 Mar, 2020 12:00am

Banks told to issue 'fit for use' currency

In order to control the spread of coronavirus (COVID-19) through currency notes, the State Bank of Pakistan (SBP) has asked banks to quarantine the cash received from hospitals and clinics and ensure issuance of 'fit for use' cash to general public.

Published 26 Mar, 2020 12:00am

Outflows of 'hot' money surge to $1.8 billion

Foreign investors divested some $1.8 billion investment from the government debt instruments during this fiscal year (FY20). Economists said that the global markets are witnessing disintegration due to COVID-19 panic and foreign investors are offloading t

Published 26 Mar, 2020 12:00am

Medical equipment: SBP allows 100 percent advance payment

The State Bank of Pakistan (SBP) Tuesday allowed Authorized Dealers (ADs) up to 100 percent advance payment for the import of medical equipment, medicines, and ancillary items for the medical treatment of COVID-19 epidemic.

Published 25 Mar, 2020 12:00am

Key policy rate cut by 150 basis points on demand slowdown

The Monetary Policy Committee (MPC) of the State Bank of Pakistan, in its emergency meeting Tuesday, has decided to cut the key policy rate by a further 150 basis points (bps) to 11 percent effective March 25, 2020 to address the noticeable slowdown in do

Published 25 Mar, 2020 12:00am

Business & Finance

Banks to provide smooth services

All banks will remain open throughout Pakistan with minimum staff to ensure the continuity of essential banking services to masses during lockdowns.

Published 24 Mar, 2020 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 9	278.81
USD PKR Interbank Buying / Jan 9	278.61
USD to Japanese Yen / Jan 9	158.16
USD to Swiss Franc / Jan 9	0.91
Pound Sterling to USD / Jan 9	1.23
Euro to USD / Jan 9	1.03

Stock	Volume
S&P 500 / Jan 9	5,918.25
India Sensex / Jan 9	77,620.21
Tokyo Nikkei / Jan 9	39,605.09
Nasdaq / Jan 9	19,478.88
Hang Seng / Jan 9	19,240.89
FTSE 100 / Jan 9	8,319.69
Dow Jones / Jan 9	42,635.20
Germany DAX 30 / Jan 9	20,317.10

Item	Value
Crude Oil USD/Barrel / Jan 9	73.92
Karachi Cotton PKR/37.32 KG / Jan 9	18,785
Gold 10 Grams PKR / Jan 9	237,483
Gold Spot USD/Ounce / Jan 9	2,690.80
Cotton US¢/pound / Jan 9	68.50
Petrol/Litre / Jan 10	252.66

Gainers
Losers
Leaders

Stock	Price
Pak Gulf Leasing / Jan 10 Pak-Gulf Leasing Company Limited(PGLC)	23.82 ▲ 2.17 (10.02%)
Dadex Eternit / Jan 10 Dadex Eternit Limited(DADX)	70.40 ▲ 6.40 (10.00%)
JDW Sugar / Jan 10 JDW Sugar Mills Limited(JDWS)	1,095 ▲ 99.55 (10.00%)
Shakarganj / Jan 10 Shakarganj Limited(SML)	33.24 ▲ 3.01 (9.96%)
Dawood Equities / Jan 10 Dawood Equities Limited(DEL)	10.75 ▲ 0.95 (9.69%)
Arpak Int. / Jan 10 Arpak International Investments Ltd.(ARPAK)	84.25 ▲ 7.41 (9.64%)
Mehmood Tex / Jan 10 Mehmood Textile Mills Limited(MEHT)	656.40 ▲ 57.39 (9.58%)
Tri-Pack Films / Jan 10 Tri-Pack Films Limited(TRIPF)	153.01 ▲ 12.99 (9.28%)
Unicap Modaraba / Jan 10 Unicap Modaraba(UCAPM)	3.13 ▲ 0.26 (9.06%)

Stock	Price
Alfalah ETF. / Jan 10 Alfalah Consumer Index ETF.(ACIETF)	13.03 ▼ -2.41 (-15.61%)
Dewan Textile / Jan 10 Dewan Textile Mills Limited(DWTM)	6.80 ▼ -0.98 (-12.60%)
First Capital Equities / Jan 10 First Capital Equities Limited(FCEL)	5.52 ▼ -0.67 (-10.82%)
F.Credit & Inv / Jan 10 First Credit and Investment Bank Limited(FCIBL)	6.31 ▼ -0.71 (-10.11%)
Ismail Ind. / Jan 10 Ismail Industries Limited(ISIL)	1,746.28 ▼ -194.03 (-10.00%)
Liven Pharma / Jan 10 Liven Pharma Limited(LIVEN)	144.61 ▼ -16.07 (-10.00%)
Ali Asghar / Jan 10 Ali Asghar Textile Mills Limited(AATM)	63.85 ▼ -7.09 (-9.99%)
PIA Holding Co.B / Jan 10 PIA Holding Company Limited B(PIAHCLB)	823.10 ▼ -89.29 (-9.79%)
Habib Sugar / Jan 10 Habib Sugar Mills Limited(HABSM)	72.85 ▼ -7.58 (-9.42%)

Stock	Volume
WorldCall Telecom / Jan 10 Worldcall Telecom Limited(WTL)	195,296,323 ▼ -0.01
K-Electric Ltd. / Jan 10 K-Electric Limited(KEL)	48,682,503 ▲ 0.00
Cnergyico PK / Jan 10 Cnergyico PK Limited(CNERGY)	35,460,848 ▼ -0.05
Fauji Foods Ltd / Jan 10 Fauji Foods Limited(FFL)	25,945,545 ▼ -0.21
Pak Elektron / Jan 10 Pak Elektron Limited(PAEL)	23,144,464 ▼ -0.28
Lotte Chemical / Jan 10 Lotte Chemical Pakistan Limited(LOTCHEM)	19,944,268 ▲ 0.05
B.O.Punjab / Jan 10 The Bank of Punjab(BOP)	15,645,082 ▲ 0.06
Telecard Limited / Jan 10 Telecard Limited(TELE)	13,170,256 ▼ -0.13
Pak Refinery / Jan 10 Pakistan Refinery Limited(PRL)	11,597,490 ▼ -0.12

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