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Business & Economy

PIA privatisation: deadline for EoI submission not expected to be extended further

The deadline for companies to express their interest in buying national carrier Pakistan International Airlines...

Updated 16 May, 2024 10:43pm

Business & Economy

Govt will not propose extension in tax exemptions for ex-FATA, PATA: Aurangzeb

Finance Minister Muhammad Aurangzeb on Thursday said the government has decided to withdraw tax and duty exemptions...

Updated 16 May, 2024 08:19pm

Business & Economy

Govt reduces petrol price by Rs15.39, HSD’s by Rs7.88 per litre

New prices come into effect from May 16, 2024

Updated 15 May, 2024 11:55pm

Business & Economy

Bilawal urges govt to lift restriction on wheat export

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari on Wednesday urged the federal government to allow the...

Published 15 May, 2024 10:28pm

Business & Economy

Political uncertainty impacting Pakistan economy, says SBP

Policy, structural challenges need to be addressed as necessary tailwind, says central bank in half-year report

Updated 14 May, 2024 10:50pm

Business & Economy

Barring ‘strategic entities’, Pakistan to pursue privatisation of all SOEs: PM Shehbaz

In official statement, premier says govt should not be in business of doing business

Updated 14 May, 2024 09:21pm

Business & Economy

Pakistan, IMF mission begin discussions on further engagement

In a key development, Pakistan government and the visiting International Monetary Fund (IMF) mission began on Monday...

Published 13 May, 2024 09:55pm

Business & Economy

Citi expects Pakistan to strike new $8bn IMF deal by end-July

Recommends going long on the country's 2027 international bond

Updated 13 May, 2024 10:28pm

Business & Economy

Finance Minister says no such thing as strategic state-owned enterprises

Muhammad Aurangzeb says there will be a public-private partnership and we will accelerate the privatisation agenda

Updated 12 May, 2024 10:24pm

Business & Economy

Govt wants to attract investment from UK, other countries: PM

Premier says Pakistan and the United Kingdom enjoy long-standing relations that are further strengthening with the passage of time

Updated 12 May, 2024 01:33pm

Energy

‘Cost-side reforms’: IMF says Pakistan needs to revisit terms of power purchase agreements

Remarks come in staff report for the second and final review under $3-billion Stand-By Arrangement

Updated 11 May, 2024 08:08pm

Business & Economy

Downside risks for Pakistan remain exceptionally high, says IMF

While new government has indicated its intention to continue SBA’s policies, political uncertainty remains significant, Fund says

Published 11 May, 2024 12:54am

Business & Economy

PSO proposes swapping debt for stake in public sector companies

Everything will be done through competitive bidding and we will participate and if we win, the stakes will be offset against PSO’s receivables, says CEO Syed Muhammad Taha

Updated 09 May, 2024 10:28pm

Business & Economy

Aurangzeb says pension reforms on the cards as govt intends to curtail expenditure

Finance minister says slowing pace of inflation means a cut in key policy rate may start soon

Updated 07 May, 2024 10:09pm

Business & Economy

Iran, Pakistan seek ways to complete gas pipeline project: Iranian official

We see political determination from Pakistan to complete the project, says Iran's Consul General to Pakistan

Updated 06 May, 2024 10:16pm

Business & Economy

Aurangzeb hopes PIA privatisation is finalised by July

Finance minister says IMF mission expected to arrive in Pakistan in the next seven to ten days

Updated 06 May, 2024 09:49pm

Business & Economy

Pakistan ‘a high-priority’ destination for Saudi Arabia: Al-Mubarak

Ibrahim Al-Mubarak, Assistant Minister of Investment in the Kingdom of Saudi Arabia (KSA), said that the kingdom’s...

Updated 06 May, 2024 10:10pm

Business & Economy

High-level Saudi business delegation to arrive in Pakistan tomorrow

Trade delegation will comprise officials from 30 companies representing a range of sectors, including technology, energy, aviation, mining, and human resources

Updated 04 May, 2024 10:49pm

Business & Economy

Arif Habib, Gerry’s Group among 10 bidders as Pakistan pushes back deadline for EoI to buy PIA

ISLAMABAD: Islamabad will push back the deadline for companies to express interest in buying national carrier...

Updated 03 May, 2024 09:30am

Business & Economy

Pakistan’s trade deficit shrinks 18% YoY to $19.5bn in 10MFY24

Exports increase by 9.1% to $25.3bn, while imports decline 4.1% to $44.8bn

Updated 02 May, 2024 08:54pm

Business & Economy

Pakistan’s headline inflation decelerates further to 17.3% in April 2024

CPI-based figure is lowest in 23 months

Updated 02 May, 2024 10:18pm

Business & Economy

Govt reduces petrol price by Rs5.45, HSD’s by Rs8.42 per litre

New prices come into effect from May 1, 2024

Updated 01 May, 2024 12:51am

Business & Economy

Finance ministry sees headline inflation decelerating further to 18.5-19.5% in April

Expects further easing to 17.5-18.5% in May 2024

Updated 30 Apr, 2024 10:37pm

Business & Economy

IMF’s $1.1bn tranche to help Pakistan’s economic stability, says PM Shehbaz Sharif

Islamabad is also already looking at securing a 24th bailout from the IMF

Updated 30 Apr, 2024 10:39pm

Business & Economy

7th straight status quo: SBP holds key interest rate at 22%

Upcoming budgetary measures may have implications for the near-term inflation outlook, Monetary Policy Committee says in press release

Updated 29 Apr, 2024 09:53pm

Business & Economy

Pakistan’s economic condition shows improvement, but ‘needs surgery’: PM Shehbaz

ISLAMABAD: Pakistan’s economic indicators are showing positive signs, with an agenda of painful reforms and...

Updated 26 Apr, 2024 06:14pm

Business & Economy

IMF Executive Board to meet April 29 on Pakistan’s SBA

Approval will pave way for inflow of nearly $1.1bn

Updated 24 Apr, 2024 10:30pm

Business & Economy

Extend handshake to all neighbours including India, suggests Arif Habib to PM Shehbaz

Also advises improving relations with 'resident' at Adiala Jail, in reference to Imran Khan

Updated 24 Apr, 2024 07:35pm

Energy

Spotlight: Iran-Pakistan gas pipeline and some key facts

KARACHI: Iranian President Ebrahim Raisi’s visit to Pakistan this week put the spotlight on a major gas pipeline...

Published 24 Apr, 2024 03:42pm

Business & Economy

Aurangzeb expects central bank reserves to be $9-10bn by FY24-end

Finance minister sees FY24 economic growth at 2.6%, higher than expectations of IMF and World Bank

Updated 23 Apr, 2024 06:46pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	278.55
USD PKR Interbank Buying / May 16	278.25
USD to Japanese Yen / May 16	155.81
USD to Swiss Franc / May 16	0.91
Pound Sterling to USD / May 16	1.27
Euro to USD / May 16	1.09

Stock	Volume
S&P 500 / May 16	5297.10
India Sensex / May 16	73663.72
Tokyo Nikkei / May 16	38697.69
Nasdaq / May 16	16698.32
Hang Seng / May 16	19535.72
FTSE 100 / May 16	8438.65
Dow Jones / May 16	39869.38
Germany DAX 30 / May 16	18738.81

Item	Value
Crude Oil USD/Barrel / May 16	79.42
Karachi Cotton PKR/37.32 KG / May 16	19935
Gold 10 Grams PKR / May 16	210562
Gold Spot USD/Ounce / May 16	2377.52
Cotton US¢/pound / May 16	76.26
Petrol/Litre / May 17	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 17 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 17 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 17 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 17 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 17 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 17 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 17 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 17 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 17 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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