News stories for Asad Rizvi - Business Recorder

Asad Rizvi

Opinion

Remittances: SBP deserves a lot of praise

The country's remittances hit an all-time high of USD 29,370.9 million. When I wrote (July 18, 2020 article in...

Published 14 Jul, 2021 03:59am

Opinion

Inflation: Fed’s hawkish overtones

Global markets will remain jittery after the US Fed unexpectedly signalled it could begin tapering its massive...

Published 21 Jun, 2021 03:43am

Opinion

In response to J.P. Morgan’s report

This is apropos a J.P. Morgan report carried by the newspaper on Friday. Although publishing reports is JP’s ...

Published 14 Jun, 2021 03:39am

Opinion

Financial sector’s base needs to be broadened

In developing economies it’s a very common claim or slogan that the budget is pro-growth and people-friendly....

Published 09 Jun, 2021 03:29am

Opinion

Current SBP stance will help fuel growth

The State Bank of Pakistan (SBP) though its Monetary Policy Statement (MPS) has provided a clearer view to the...

Published 31 May, 2021 03:12am

Opinion

Any rate hike may add to people’s misery

State Bank of Pakistan (SBP) will soon be announcing its Monetary Policy Statement. No surprise is expected, in ...

Published 05 May, 2021 04:01am

Opinion

EAC members need to focus on the big picture

Finally, the prime minister has reconstituted the Economic Advisory Council (EAC). The body, however, mostly...

Published 06 Apr, 2021 04:23am

Opinion

The debate about SBP bill

The ongoing media debate on State Bank of Pakistan’s (SBP’s) autonomy lacks professional argument/ debate. Most...

Published 30 Mar, 2021 05:45am

Opinion

1pc cut in policy rate needed to fuel economy

In its January Monetary Policy Statement (MPS), State Bank of Pakistan (SBP) was very clear about inflation and...

Published 18 Mar, 2021 03:56am

Opinion

MPS — The challenges ahead

The Monetary Policy Committee (MPC) has kept the policy rate steady at 7 percent. The Monetary Policy Statement ...

Published 25 Jan, 2021 04:23am

Opinion

Amazing Bitcoin surge: questions answered

BITCOIN @ $36445; it’s mind boggling. I am still not sure why Bitcoin assets are skyrocketing. A more than 300%...

Published 19 Jan, 2021 04:22am

Opinion

2021: An optimistic outlook

Civil unrest, environmental challenges are some of the major global concerns. Coronavirus is another big challenge ...

Published 31 Dec, 2020 02:45am

Markets

PKR could be in corrective phase

On Aug 26 this year, in the interbank market (I/B), Rupee closed at 168.4353 (all-time SBP low close). Since then,...

Published 20 Nov, 2020 03:04am

Opinion

FATF should recognise Pakistan’s effort

In my August 15 analysis that appeared in Business Recorder “FATF: Keep your fingers crossed”, this writer said...

Published 26 Oct, 2020 02:52am

Markets

FATF: Keep your fingers crossed

Market is waiting for the next direction. FATF announcement due around the 3rd week of this month will provide...

Published 15 Oct, 2020 03:10am

Markets

Govt can’t afford to be complacent about economy

At a very difficult time, State Bank of Pakistan (SBP) took unprecedented steps to help minimize the impact of...

Published 28 Sep, 2020 03:07am

Markets

There's need for slashing policy rate & removing floor

The State Bank of Pakistan (SBP) will be announcing Monetary Policy (MP) today. All such announcements are ...

Updated 21 Sep, 2020 07:04pm

Markets

Roshan Digital Account - an overview

ARTICLE: State Bank of Pakistan has taken yet another good initiative by launching Roshan Digital Account (RDA) in...

Published 14 Sep, 2020 02:36am

Markets

What's actually behind record remittances?

ARTICLE: This writer has have been receiving plenty of queries whether the cause of record high remittances to...

Published 21 Aug, 2020 03:10am

Markets

PKR should be at 160 vs USD

ARTICLE: Despite tough conditions at home and abroad, the economy did manage to impress Moody's Investors Service,...

Published 10 Aug, 2020 02:51am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
Dow Jones / Dec 17	43,449.90
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71
Hang Seng / Dec 18	19,857.31
FTSE 100 / Dec 18	8,222.99
Germany DAX 30 / Dec 18	20,267.35

Item	Value
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.42 (10.37%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
Attock Cement / Dec 18 Attock Cement Pakistan Limited(ACPL)	259.27 ▲ 23.57 (10.00%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)

Stock	Price
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Synthetic Prod / Dec 18 Synthetic Products Enterprises Limited(SPEL)	45.89 ▼ -5.10 (-10.00%)
Biafo Ind. / Dec 18 Biafo Industries Limited(BIFO)	198.85 ▼ -22.08 (-9.99%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.34
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	67,234,901 ▼ -0.51
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	60,136,151 ▲ 0.13
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.00
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	46,669,770 ▼ -0.33
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.67
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.46
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	36,858,206 ▲ 1.01

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