News stories for Rizwan Bhatti

Rizwan Bhatti

C/A deficit narrows down by 29 percent in nine months

The country's current account deficit narrowed down by 29 percent during the first nine months of this fiscal year (FY19) followed by lower goods and services deficit. Economists said that the country's external account continues to improve on back of low

Published 19 Apr, 2019 12:00am

SBP to ensure OTC tax payment through surprise inspection

The State Bank of Pakistan (SBP) has decided to conduct surprise inspection of bank branches to ensure payment of taxes and duties particularly mobile levy through Over-the-Counter (OTC). As per the SBP directives banks are required to enable their OTC ch

Published 16 Apr, 2019 12:00am

Financial institutions: SBP formulates instructions on internal audit function

The State Bank of Pakistan (SBP) has formulated Internal Audit Function (IAF) instructions for Financial Institutions (FIs) to provide a standardized framework for the establishment and implementation of robust internal audit governance.

Published 12 Apr, 2019 12:00am

Financial institutions: SBP formulates instructions on internal audit function

Published 12 Apr, 2019 12:00am

Financial institutions: SBP formulates instructions on internal audit function

Published 12 Apr, 2019 12:00am

Markets

SBP report: Investors wary about delay in adjustment of drug prices

The State Bank of Pakistan (SBP) has said that massive delay in adjustment of medicine prices has made foreign and domestic investors wary of investing in pharmaceutical sector. The pharmaceutical industry has extensive exposure to exchange rate risk and

Published 10 Apr, 2019 12:00am

Markets

SBP report: Investors wary about delay in adjustment of drug prices

Published 10 Apr, 2019 12:00am

Markets

SBP report: Investors wary about delay in adjustment of drug prices

Published 10 Apr, 2019 12:00am

New banking ombudsman still waiting for oath

The oath-taking ceremony of new Banking Ombudsman (Mohtasib) has not taken place although over three months have passed since the issuance of a notification about his appointment. The four-year term of the current Banking Ombudsman expired on March 13, 20

Published 09 Apr, 2019 12:00am

New banking ombudsman still waiting for oath

Published 09 Apr, 2019 12:00am

New banking ombudsman still waiting for oath

Published 09 Apr, 2019 12:00am

Markets

ECs to sell greenback on presentation of evidence

Exchange Companies on Friday decided to sell dollar only for travel, education and medical purposes on presentation of evidence. Malik Muhammad Bostan President FAP told Business Recorder that association has decided to sell the dollar only for tra

Published 06 Apr, 2019 12:00am

Markets

ECs to sell greenback on presentation of evidence

Published 06 Apr, 2019 12:00am

Markets

ECs to sell greenback on presentation of evidence

Published 06 Apr, 2019 12:00am

Forex reserves up $2.4 billion in March

With arrival of inflows from China and UAE, Pakistan''s total liquid foreign reserves mounted up by $2.4 billion during March 2019. The country''s foreign exchange reserves are gradually increasing and crossed $17 billion mark end of the last month due to

Published 05 Apr, 2019 12:00am

Forex reserves up $2.4 billion in March

With arrival of inflows from China and UAE, Pakistan's total liquid foreign reserves mounted up by $2.4 billion during March 2019. The country's foreign exchange reserves are gradually increasing and crossed $17 billion mark end of the last month due to r

Published 05 Apr, 2019 12:00am

Forex reserves up $2.4 billion in March

Published 05 Apr, 2019 12:00am

Policy rate hiked to 10.75 percent

The State Bank of Pakistan (SBP) on Friday hiked the key policy rate by 50 basis points (bps) to 10.75 percent. Rising inflationary pressure on the economy, higher fiscal and current account deficit and massive government borrowing from the SBP are the fa

Published 30 Mar, 2019 12:00am

Policy rate hiked to 10.75 percent

Published 30 Mar, 2019 12:00am

Policy rate hiked to 10.75 percent

Published 30 Mar, 2019 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 6	279.87
USD PKR Interbank Buying / Mar 6	279.67
USD to Japanese Yen / Mar 6	148.89
USD to Swiss Franc / Mar 6	0.89
Pound Sterling to USD / Mar 6	1.29
Euro to USD / Mar 6	1.08
UK LIBOR % / Mar 5	4.96

Stock	Volume
S&P 500 / Mar 5	5,842.63
Nasdaq / Mar 5	18,552.73
Dow Jones / Mar 5	43,006.59
India Sensex / Mar 6	73,774.27
Tokyo Nikkei / Mar 6	37,722.03
Hang Seng / Mar 6	24,273.96
FTSE 100 / Mar 6	8,697.40
Germany DAX 30 / Mar 6	23,357.43
France CAC40 / Mar 6	8,205.39

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 5	17,785
Crude Oil USD/Barrel / Mar 6	66.55
Gold 10 Grams PKR / Mar 6	260,630
Gold Spot USD/Ounce / Mar 6	2,921.40
Cotton US¢/pound / Mar 6	64.47
Petrol/Litre / Mar 7	255.63
Diesel/Litre / Mar 7	258.64

Gainers
Losers
Leaders

Stock	Price
Organic Meat (R) / Mar 6 The Organic Meat Company Limited (R)(TOMCLR)	3.93 ▲ 1 (34.13%)
F.Credit & Inv / Mar 6 First Credit and Investment Bank Limited(FCIBL)	8.28 ▲ 0.93 (12.65%)
J.K.Spinning / Mar 6 J.K. Spinning Mills Limited(JKSM)	75.20 ▲ 6.84 (10.01%)
Power Cem(Pref) / Mar 6 Power Cement (Pref)(POWERPS)	14.44 ▲ 1.31 (9.98%)
First Elite Cap.Mod / Mar 6 First Elite Capital Modaraba(FECM)	11.48 ▲ 1.04 (9.96%)
Khairpur Sug. / Mar 6 Khairpur Sugar Mills Limited(KPUS)	129.98 ▲ 11.76 (9.95%)
LSE Financial Serv. / Mar 6 LSE Financial Services Limited(LSEFSL)	18 ▲ 1.6 (9.76%)
Imperial Limited / Mar 6 Imperial Limited(IML)	18.10 ▲ 1.6 (9.7%)
Int. Knit. / Mar 6 International Knitwear Limited(INKL)	19.89 ▲ 1.74 (9.59%)
Ideal Sp. / Mar 6 Ideal Spinning Mills Limited(IDSM)	15 ▲ 1.29 (9.41%)

Stock	Price
Sindh Abadgar / Mar 6 Sindh Abadgar's Sugar Mills Limited(SASML)	50.20 ▼ -5.56 (-9.97%)
Sakrand Sugar / Mar 6 Sakrand Sugar Mills Limited(SKRS)	12.37 ▼ -1.37 (-9.97%)
Apna Microfin. / Mar 6 Apna Microfinance Bank Limited(AMBL)	10.22 ▼ -1.13 (-9.96%)
Shadman Cotton / Mar 6 Shadman Cotton Mills Limited(SHCM)	27.01 ▼ -2.69 (-9.06%)
First IBL Mod. / Mar 6 First IBL Modaraba(FIBLM)	2.78 ▼ -0.27 (-8.85%)
Sapphire Textile / Mar 6 Sapphire Textile Mills Limited(SAPT)	1,180 ▼ -108.4 (-8.41%)
Pak Gen.Ins. / Mar 6 The Pakistan General Insurance Co. Ltd.(PKGI)	8.75 ▼ -0.78 (-8.18%)
Gillette Pak / Mar 6 Gillette Pakistan Limited(GLPL)	148 ▼ -13.13 (-8.15%)
Blessed Tex. / Mar 6 Blessed Textiles Limited(BTL)	281 ▼ -24 (-7.87%)
Grays Leasing / Mar 6 Grays Leasing Limited(GRYL)	4.52 ▼ -0.37 (-7.57%)

Stock	Volume
Pak Int.Bulk / Mar 6 Pakistan International Bulk Terminal(PIBTL)	53,572,239 ▲ 0.46
Fauji Cement / Mar 6 Fauji Cement Company Limited(FCCL)	28,002,533 ▲ 2.04
WorldCall Telecom / Mar 6 Worldcall Telecom Limited(WTL)	23,567,256 ▲ 0.02
Maple Leaf Cement / Mar 6 Maple Leaf Cement Factory Limited(MLCF)	19,317,399 ▲ 1.56
Oil & Gas Dev. / Mar 6 Oil & Gas Development Company Limited(OGDC)	17,968,303 ▲ 10.69
Pak Petroleum / Mar 6 Pakistan Petroleum Limited(PPL)	16,507,306 ▲ 12.54
Sui South Gas / Mar 6 Sui Southern Gas Company Limited(SSGC)	13,598,406 ▲ 1.3
B.O.Punjab / Mar 6 The Bank of Punjab(BOP)	13,464,928 ▲ 0.3
Sui North Gas / Mar 6 Sui Northern Gas Pipelines Limited(SNGP)	11,312,267 ▲ 7.8
Power Cement / Mar 6 Power Cement Limited(POWER)	10,979,264 ▲ 0.18

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