Trends - current account deficit

current account deficit

Pakistan reports 4th successive monthly current account surplus in June

Current account deficit shrinks 85.4% to $2.56bn in FY23
Development driven mainly by import restrictions due to dollar shortage

Updated 18 Jul, 2023 04:34pm

Fitch upgrades rating on improved external liquidity

ISLAMABAD: Fitch Ratings has upgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to “CCC”...

Updated 11 Jul, 2023 09:02am

Opinion

Power plant retirement policy

There are plans to retire 19 power plants of an aggregate capacity of 7339 MW as per IGCEP (Integrated Generation...

Published 26 Jun, 2023 06:38am

Opinion

Budget 2023-24: Impediments to a viable economy

The provisional data issued by the National Accounts Committee portray a bleak picture of the economy where real GDP...

Published 16 Jun, 2023 06:27am

Opinion

What does Economic Survey lack?

Economic Survey 2022-23, unlike previous surveys, raises more questions of competence as opposed to credibility,...

Published 09 Jun, 2023 06:20am

Slow growth, rising inflation: SBP projects a double whammy for country

Says demand management measures and floods in 2022 have weighed heavily on the country’s growth outlook for FY23

Updated 20 May, 2023 07:23pm

Opinion

Causes of the rising inflation

The rate of inflation, as measured by the Consumer Price Index (CPI), has been persistently rising since September...

Published 09 May, 2023 05:37am

Opinion

Critical economic challenges

Pakistan’s recent economic crisis, brewing since last few years, intensified in the last quarter of fiscal year...

Published 05 May, 2023 06:44am

Editorials

C/A surplus: little to celebrate?

EDITORIAL: The country registered a current account surplus of 654 million dollars for March 2023 — the first...

Updated 28 Apr, 2023 12:35am

Opinion

Contrasting trends

The economy is showing contrasting trends in different segments of activity. This is due to various factors like the...

Published 25 Apr, 2023 06:25am

Business & Finance

C/A posts $654m surplus in March

KARACHI: The country’s current account posted a surplus of $654 million in March after a gap of over two years...

Published 20 Apr, 2023 06:30am

Markets

Pakistan reports massive current account surplus of $654mn in March

This is the first surplus on a monthly basis since November 2020 when the pandemic brought global economy to a standstill

Updated 19 Apr, 2023 06:49pm

Markets

Charities’ plan to help raise $2bn from overseas Pakistanis put in ‘cold storage’ by ministry

In February, Finance Minister Ishaq Dar publicly gave his green signal to a reported plan by charitable...

Published 17 Apr, 2023 06:41am

Rating downgrades may have added to IMF’s concerns: Pasha

ISLAMABAD: For successful completion of the 9th review under the International Monetary Fund’s Extended Fund...

Updated 01 Apr, 2023 08:48am

Editorials

The macroeconomic mismanagement

EDITORIAL: There is mounting evidence of macroeconomic mismanagement coupled with a failure to proactively formulate...

Updated 29 Mar, 2023 07:07am

Business & Finance

Brazil reports lower than expected current account deficit in Feb

BRASILIA: Brazil posted a lower-than-expected current account deficit in February, showed central bank data on...

Published 28 Mar, 2023 06:21am

BR Research

Current account in forceful balance

The current account was almost hung in the balance last month. The outcome is not natural but forced through import...

Updated 21 Mar, 2023 11:52am

Business & Finance

Jul-Feb CA declines 68pc YoY

KARACHI: The country’s current account deficit narrowed by 68 percent during the first eight months of this fiscal...

Published 21 Mar, 2023 06:29am

Business & Finance

Budget deficit: PIAF calls for controlling govt expenditure, high cost of debt servicing

LAHORE: The Pakistan Industrial and Traders Association Front (PIAF) has called for keeping check on government...

Published 12 Mar, 2023 05:55am

Policy rate hiked by 300bps to 20pc to tame inflation

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Thursday increased the key...

Updated 03 Mar, 2023 08:53am

Editorials

No good news on the horizon

EDITORIAL: Moody’s Investors Service further downgraded Pakistan’s local and foreign currency issuer and senior...

Updated 02 Mar, 2023 06:44am

MPC to meet today

KARACHI: The emergent meeting of the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will be ...

Updated 02 Mar, 2023 09:13am

MoF says inflation likely to remain high in coming months

ISLAMABAD: Inflation is expected to remain high in the coming months around 28 to 30 percent consequent to uncertain...

Updated 01 Mar, 2023 09:06am

Editorials

The floundering economy

EDITORIAL: Current account deficit has declined 67 percent to 3.8 billion dollars (July-January 2022-23) against...

Published 27 Feb, 2023 06:17am

Opinion

Let’s tighten our belts for one year: all will be well

There comes a time in almost any life, when one has to tighten one’s belt and rein in one’s consumption, for the...

Updated 23 Feb, 2023 06:14am

BR Research

Current account manageable…

The current account deficit has reduced to $242 million in Jan-23- lowest in twenty-one months. The deficit is down...

Updated 21 Feb, 2023 11:34am

Business & Finance

Jul-Jan: C/A falls hugely on import curbs

KARACHI: The country’s current account deficit (CAD) sharply fell by 67 percent during the first seven months of...

Published 21 Feb, 2023 05:57am

Markets

KSE-100 falls over 1% owing to economic uncertainty

Stalemate over IMF programme, rumours of interest rate hike by SBP keep investors on sidelines

Published 20 Feb, 2023 06:59pm

Pakistan

Pakistan’s current account deficit shrinks 90% YoY to $0.24bn in January: SBP

Deficit during 7MFY23 reduces over 67%, clocks in at nearly $3.8bn

Updated 20 Feb, 2023 07:10pm

Opinion

Who has cost Pakistan more?

The blame game for the prevailing deep economic crisis continues with only one out of the three national parties,...

Published 20 Feb, 2023 06:26am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 20	278.30
USD PKR Interbank Buying / May 20	278.10
USD to Japanese Yen / May 20	155.76
USD to Swiss Franc / May 20	0.91
Pound Sterling to USD / May 20	1.27
Euro to USD / May 20	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Nasdaq / May 17	16685.97
Dow Jones / May 17	40003.59
Tokyo Nikkei / May 20	39197.34
Hang Seng / May 20	19650.18
FTSE 100 / May 20	8442.03
Germany DAX 30 / May 20	18754.68

Item	Value
Karachi Cotton PKR/37.32 KG / May 17	19935
Crude Oil USD/Barrel / May 20	80.09
Gold 10 Grams PKR / May 20	214678
Gold Spot USD/Ounce / May 20	2436.84
Cotton US¢/pound / May 20	76.56
Petrol/Litre / May 21	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 21 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 21 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 21 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 21 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 21 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 21 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 21 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 21 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 21 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 21 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 21 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 21 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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