News stories for Rizwan Bhatti

Rizwan Bhatti

B2C transactions: SBP enhances payment limits against freelance services

In order to broaden the scope of business-to-customer (B2C) transactions through legal channel, the State Bank of Pakistan (SBP) has enhanced payment limits against freelance services in computer and information systems and other freelance services from $

Published 13 Feb, 2020 12:00am

2nd phase of CPEC: 'Industrialization, transfer of technology are high priorities'

Foreign Minister Makhdoom Shah Mehmood Qureshi Monday said Pakistan's priorities in the second phase of China Pakistan Economic Corridor (CPEC) are industrialization and transfer of technology to bring trade revolution in the country.

Published 11 Feb, 2020 12:00am

Pakistan

Foreign investment in government securities hits all-time high

Foreign investment in government securities has reached about $ 3 billion.

Published 08 Feb, 2020 12:00am

SBP keeps policy rate unchanged at 13.25 percent

The Monetary Policy Committee (MPC) on Tuesday decided to keep the policy rate unchanged at 13.25 percent for next two months as the inflation outlook is remained unchanged. Governor State Bank of Pakistan (SBP) Dr. Reza Baqir announced the decision at a

Published 29 Jan, 2020 12:00am

Export-oriented industrial development: SBP to provide additional concessional financing

In order to promote export oriented industrial development, the State Bank of Pakistan (SBP) has announced that it would provide additional concessional financing of Rs.200 billion - Rs. 100 billion under Long Term Financing Facility (LTFF) and Rs. 100 bi

Published 29 Jan, 2020 12:00am

Cigarette industry output plunges following FED hike: SBP

The significant increase in Federal Excise Duty (FED) on cigarettes has adversely affected the output of the industry. According to the State Bank of Pakistan (SBP), the output of the cigarette industry sharply declined by 34.5 percent during first quarte

Published 26 Jan, 2020 12:00am

MPS on 28th: Policy rate may be kept unchanged

The State Bank of Pakistan (SBP) will announce the monetary policy on January 28 for next two month. The Monetary Policy Committee (MPC) of the SBP will meet on Tuesday, (Jan 28) at the SBP Karachi for deliberations on economic indicators to take a decisi

Published 22 Jan, 2020 12:00am

Dam funds: SBP issues warning

The State Bank of Pakistan (SBP) has warned that any negligence for collection of Dam funds may face penal action against banks and may also tantamount to contempt of court.

Published 21 Jan, 2020 12:00am

Wheat flour prices shoot up by Rs5/kg

Wheat flour prices rose sharply by Rs 5 per kilogramme following shortage of the commodity in the domestic market.

Published 19 Jan, 2020 12:00am

Foreign investment in government securities exceeds $2 billion

Foreign investment in the government's debt instruments, including Market Treasury Bills (T-bills) and Pakistan Investment Bond (PIBs) surged to $2.26 billion during this fiscal year (FY20).

Published 18 Jan, 2020 12:00am

1H FDI posts 68 percent growth

Foreign Direct Investment (FDI) posted 68 percent growth during the first half of this fiscal year (FY20) supported by massive inflows in telecom sector.

Published 17 Jan, 2020 12:00am

Government mops up Rs 275 billion through MTBs

The federal government Wednesday raised some Rs 275 billion through the auction for short-term government papers. Analysts said that banks have aggressively participated in the MTBs auction to park their liquidity at higher rates as the monetary policy is

Published 16 Jan, 2020 12:00am

Markets

Urea offtake jumps to 6.2 million tons in CY2019

Urea offtake surged to some 6.2 million tons during the last year (CY2019) supported by attractive wheat support price.

Published 15 Jan, 2020 12:00am

BoD and general meetings: SBP asks FIs to ensure accurate recording of minutes

The State Bank of Pakistan (SBP) has asked financial institutions to ensure accurate recording of minutes of Board of Directors (BoD) and general meetings reflecting the key deliberations, rationale for each decision made, and any significant concerns or

Published 08 Jan, 2020 12:00am

SBP fears rise in food inflation

The State Bank of Pakistan (SBP) said on Monday that the policy mix appears adequate to address the macroeconomic imbalances and push the economy towards stability as Pakistan's economy moved progressively along the adjustment path during the first quarte

Published 07 Jan, 2020 12:00am

C/A deficit to be 1.5-2.5pc of GDP in FY20: SBP

The State Bank of Pakistan (SBP) has estimated that the current account deficit (CAD) for FY20 is likely to stay within the range of 1.5-2.5 percent of GDP. According to SBP report "The State of Pakistan's Economy" for first quarter (July-Sep) of FY20, is

Published 07 Jan, 2020 12:00am

SBP evolves mechanism for payment of service charges subsidy, portfolio loss under PMKJ-YES

The State Bank of Pakistan (SBP) has issued mechanism for payment of service charges subsidy and portfolio loss sharing with banks under Prime Minister's Kamyab Jawan Youth Entrepreneurship Scheme (PMKJ-YES).

Published 04 Jan, 2020 12:00am

Government saves $250 million with resumption of gas supply to two fertiliser plants

The government's decision to resume gas supply to two closed fertiliser plants resulted in saving of precious foreign exchange amounted to approximately $250 million, besides sufficient urea supply in the domestic market during last year.

Published 03 Jan, 2020 12:00am

FATF challenge: SBP speeds up action plan

In order to further align Anti Money Laundering (AML) and Combating of Financing of Terrorism (CFT) Regulations with the Financial Action Task Force (FATF) recommendations, the State Bank of Pakistan (SBP) has amended various regulations for financial ins

Published 01 Jan, 2020 12:00am

Effective Jan 1, 2020: Yen added to ACU mechanism: SBP

Japanese yen has been added as the third currency along with USD and euro to the Asian Clearing Union (ACU) mechanism with effect from next year, a circular issued by the State Bank of Pakistan (SBP) said Monday.

Published 24 Dec, 2019 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
Next Capital / Jan 9 Next Capital Limited(NEXT)	10.49 ▲ 1.00 (10.54%)
Ahmad Hassan / Jan 9 Ahmad Hassan Textile Mills Limited(AHTM)	59.90 ▲ 5.45 (10.01%)
Dadex Eternit / Jan 9 Dadex Eternit Limited(DADX)	64 ▲ 5.82 (10.00%)
Dawood Lawrencepur / Jan 9 Dawood Lawrencepur Limited(DLL)	325.73 ▲ 29.61 (10.00%)
D.M. Textile / Jan 9 D.M. Textile Mills Limited(DMTX)	66.64 ▲ 6.06 (10.00%)
JDW Sugar / Jan 9 JDW Sugar Mills Limited(JDWS)	995.45 ▲ 90.50 (10.00%)
Matco Foods Ltd / Jan 9 Matco Foods Limited(MFL)	48.59 ▲ 4.40 (9.96%)
Baba Farid Sugar / Jan 9 Baba Farid Sugar Mills Limited(BAFS)	48 ▲ 3.90 (8.84%)
Asim Textile / Jan 9 Asim Textile Mills Limited(ASTM)	16.42 ▲ 1.31 (8.67%)

Stock	Price
Cresent Jute / Jan 9 Crescent Jute Products Limited(CJPL)	4.81 ▼ -0.58 (-10.76%)
F.Credit & Inv / Jan 9 First Credit and Investment Bank Limited(FCIBL)	6.85 ▼ -0.79 (-10.34%)
Ali Asghar / Jan 9 Ali Asghar Textile Mills Limited(AATM)	70.94 ▼ -7.88 (-10.00%)
Air Link Com. / Jan 9 Air Link Communication Limited(AIRLINK)	191.54 ▼ -21.28 (-10.00%)
Liven Pharma / Jan 9 Liven Pharma Limited(LIVEN)	160.68 ▼ -17.85 (-10.00%)
Power Cem(Pref) / Jan 9 Power Cement (Pref)(POWERPS)	11.25 ▼ -1.25 (-10.00%)
Suhail Jute / Jan 9 Suhail Jute Mills Limited(SUHJ)	140.74 ▼ -15.64 (-10.00%)
Chakwal Spinning / Jan 9 Chakwal Spinning Mills Limited(CWSM)	61.70 ▼ -6.85 (-9.99%)
Frontier Ceram / Jan 9 Frontier Ceramics Limited(FRCL)	21.81 ▼ -2.42 (-9.99%)

Stock	Volume
WorldCall Telecom / Jan 9 Worldcall Telecom Limited(WTL)	520,199,852 ▼ -0.01
K-Electric Ltd. / Jan 9 K-Electric Limited(KEL)	48,176,163 ▼ -0.07
Cnergyico PK / Jan 9 Cnergyico PK Limited(CNERGY)	41,301,063 ▼ -0.31
Fauji Foods Ltd / Jan 9 Fauji Foods Limited(FFL)	34,830,810 ▼ -1.04
Sui South Gas / Jan 9 Sui Southern Gas Company Limited(SSGC)	27,158,451 ▼ -1.88
Pak Refinery / Jan 9 Pakistan Refinery Limited(PRL)	24,532,091 ▼ -1.53
Pak Elektron / Jan 9 Pak Elektron Limited(PAEL)	23,028,613 ▼ -0.87
Lotte Chemical / Jan 9 Lotte Chemical Pakistan Limited(LOTCHEM)	19,891,091 ▲ 0.34
B.O.Punjab / Jan 9 The Bank of Punjab(BOP)	19,667,050 ▼ -0.02

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