News stories for Rizwan Bhatti

Rizwan Bhatti

Dam fund: Instructions must be complied with, SBP tells banks

The State Bank of Pakistan (SBP) has asked banks for meticulous compliance with the directives issued on the Supreme Court of Pakistan and Prime Minister of Pakistan (SCP and PM) Diamer-Bhasha and Mohmand Dam Fund.

Published 21 Dec, 2019 12:00am

Forex loans: Banks delegated powers of registration

The State Bank of Pakistan (SBP) has delegated the power of registration of foreign currency (FCY) loans to banks aimed at facilitating corporate entities for raising FCY loans from abroad and further improve the business environment in the country. Previ

Published 18 Dec, 2019 12:00am

Debt instruments: Rising foreign investment shows investor confidence: SBP

The State Bank of Pakistan (SBP) Monday said that increasing foreign investment in government's debt instruments is a manifestation of growing confidence of international investors on the positive outlook of Pakistan's economy.

Published 17 Dec, 2019 12:00am

IBI deposits down Rs 8 billion in Q3CY19

Deposits of Islamic Banking Industry (IBI) recorded a decline of Rs 8 billion during the third quarter (Jul-Sep) of this calendar year (CY19).

Published 14 Dec, 2019 12:00am

Manufacturing: SBP allows 50 percent advance payments against letters of credit

The State Bank of Pakistan (SBP) Thursday allowed banks to make advance payment up to 50 percent of the value of imports against Letters of Credit (LCs) for manufacturing concerns.

Published 13 Dec, 2019 12:00am

Country receives $1.3 billion loan from ADB

Pakistan has received some $ 1.3 billion from Asian Development Bank (ADB) as loan to strengthen the economy. A Special Policy-Based loan was approved by ADB on December 6, 2019 for Pakistan for budgetary support and economic reforms. Accordingly, on Dece

Published 11 Dec, 2019 12:00am

FATF challenge: Citi Pakistan CEO sees no blacklisting prospects

Terming the Pakistan's economic prospect 'positive', Citibank Pakistan Monday said that the country will 'remain' on the grey list of FATF next year, however, there is no blacklisting probability.

Published 10 Dec, 2019 12:00am

Textile exporters perturbed by partial payment of refunds

Textile exporters have expressed concern over deferment of some payment against sales tax refund claims under the Fully Automated Sales Tax e-Refund System (FASTER) without providing any substantive reason.

Published 07 Dec, 2019 12:00am

Government debt stocks exceed Rs 32 trillion mark in October

The federal government's total debt (domestic and external) stocks continue to surge crossing Rs 32 trillion mark in October 2019, mainly due to high fiscal imbalance.

Published 07 Dec, 2019 12:00am

SDV data compilation: DPC issues 'SRF' for banks

The Deposit Protection Corporation (DPC) has issued a Standardized Report Format (SRF) to enable banks to compile "Single Depositor View (SDV)" data as per requirements of reimbursement.

Published 06 Dec, 2019 12:00am

Country manages to pay back $1bn against Sukuk

Pakistan Monday paid back some $1 billion on maturity of five-year international Sukuk.

Published 03 Dec, 2019 12:00am

Transaction limits of remittances revised upward

The State Bank of Pakistan (SBP) has revised some transaction limits of home remittances upward side to facilitate freelancers and pensioners. In order to further facilitate overseas Pakistanis, in October 2018, Authorized Dealers (ADs) were allowed to co

Published 27 Nov, 2019 12:00am

Import permits for over 16,000 MTs of tomatoes issued

Following the directives of the federal government, the Department of Plant Protection (DPP) has issued import permits for the import of over 16,000 metric tons of tomato to arrest the commodity's skyrocketing prices in the domestic market.

Published 24 Nov, 2019 12:00am

C/A turns positive with $99 million surplus

The country's current account turned positive with $ 99 million surplus in October 2019 supported by significant import compression and slight growth in exports.

Published 19 Nov, 2019 12:00am

FX/SWAP trade: Banks told to ensure timely transmission of SWIFT messages

The State Bank of Pakistan (SBP), discontinuing the hardcopy condition, has asked banks to ensure timely transmission of SWIFT messages to ensure smooth settlement process.

Published 16 Nov, 2019 12:00am

SBP takes steps to boost exports, manufacturing

The State Bank of Pakistan (SBP) on Tuesday announced two key measures to boost exports and facilitate the manufacturing sector. The SBP has decided to enhance the existing limits of exports-related soft loans upto Rs 100 billion and secondly allowed manu

Published 13 Nov, 2019 12:00am

External debt sustainability: Indicators show Deterioration

Pakistan's external debt sustainability indicators are showing deterioration in debt bearing capacity due to higher external debt and liabilities to GDP ratio.

Published 04 Nov, 2019 12:00am

New payment systems strategy targets 7pc GDP, 4m jobs: SBP

The State Bank of Pakistan (SBP) Friday issued 'National Payment Systems Strategy' to comply with international standards for a safe, efficient and inclusive payment system aiming to boost GDP by 7 percent.

Published 02 Nov, 2019 12:00am

Massive fluctuation in exchange rates: SBP suffers over Rs1bn loss in FY19

The State Bank of Pakistan's massive profit during FY18 has turned into a loss in FY19 following substantial exchange loss due to PKR depreciation against the USD and the SDR. Reportedly, for the first time in its history, the SBP has suffered a consolida

Published 31 Oct, 2019 12:00am

FBR reforms may create liquidity issues: SBP

The State Bank of Pakistan (SBP) has said that tax structural reforms introduced by the Federal Board of Revenue (FBR) for documentation of businesses may create liquidity issues and affect overall economic activity in the short-term.

Published 30 Oct, 2019 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 9	278.65
USD PKR Interbank Buying / Jan 9	278.45
USD to Japanese Yen / Jan 9	158.14
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 8	5,918.25
Nasdaq / Jan 8	19,478.88
Dow Jones / Jan 8	42,635.20
India Sensex / Jan 9	77,704.13
Tokyo Nikkei / Jan 9	39,516.87
Hang Seng / Jan 9	19,288.79
FTSE 100 / Jan 9	8,263.49
Germany DAX 30 / Jan 9	20,277.66

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 8	18,285
Gold 10 Grams PKR / Jan 8	237,483
Petrol/Litre / Jan 9	252.66
Crude Oil USD/Barrel / Jan 9	73.16
Gold Spot USD/Ounce / Jan 9	2,659.11
Diesel/Litre / Jan 9	258.34

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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