Trends - current account deficit

current account deficit

COMMENTS ON FY2022-23 BUDGET

EXECUTIVE SUMMARY

Published 13 Jun, 2022 06:19am

PML(N)-led govt seeks to turn economic wounds into budgetary wisdom

ISLAMABAD: Finance Minister Miftah Ismail Friday presented Rs9,502 billion budget for the next fiscal year with 4.9...

Published 11 Jun, 2022 06:40am

Reforms measures in budget to pave way for IMF deal: Miftah

ISLAMABAD: Minister for Finance Miftah Ismail stated on Thursday that the reform measures to be announced in the...

Updated 10 Jun, 2022 09:24am

Opinion

We’re now less than one step from Sri Lanka

The current account deficit constitutes the most formidable challenge for the incumbent government that has begun to...

Published 08 Jun, 2022 06:19am

PTI govt moved IMF due to $20bn CAD bequeathed by PML-N govt: Tarin

ISLAMABAD: Former finance minister of Pakistan Tehreek-e-Insaf (PTI), Shaukat Tarin Friday said that his party’s...

Updated 04 Jun, 2022 10:07am

Pakistan

Tough measures only way to deal with economic instability: experts

See looming food insecurity in Pakistan due to Russia-Ukraine war
Agree that delayed decision-making costs the economy

Updated 03 Jun, 2022 07:15pm

Pakistan

Experts react as Moody's downgrades Pakistan's outlook to negative

In a major development on the economic front, Moody's Investors Service (Moody's) cited increased external...

Published 02 Jun, 2022 09:12pm

Business & Finance

Next price hike in petroleum products before June 30: Khurram Dastgir

Minister for Energy's remarks come after government increased petroleum products’ prices by Rs30 per litre

Updated 30 May, 2022 06:22pm

Business & Finance

Proposed additions to CGO: FPCCI supports ‘rent-seeking’ firms

ISLAMABAD: Federation of Pakistan Chamber of Commerce (FPCCI) is reportedly supporting some companies that are...

Published 27 May, 2022 05:50am

Miftah advocates tight monetary policy

ISLAMABAD: The government remains committed to reviving the IMF programme and put Pakistan back on a sustainable...

Updated 27 May, 2022 10:04am

Editorials

The IMF shock amid royal benevolence

EDITORIAL: Saudi Arabia’s Minister of Finance Mohammad al-Jadaan, on the sidelines of World Economic Forum being...

Published 26 May, 2022 05:26am

BR Research

CAD roundup

The current account deficit has been tamed to $623 million in April 2022. That is a sigh of relief in the midst of ...

Published 23 May, 2022 07:21am

Business & Finance

Banning import of luxury items: MoC seeks proposals from stakeholders

ISLAMABAD: Commerce Ministry has sought proposals from business community and general public with respect to recent...

Published 22 May, 2022 06:03am

Business & Finance

Miftah asks multinationals to present export plan in exchange for tax breaks

Finance minister says that with positive IMF talks underway, an economic turnaround is expected very soon

Published 20 May, 2022 11:53am

Business & Finance

Ban on luxury items: Business community doubtful about outcomes

KARACHI: The leadership of Businessmen Group (BMG), while referring to FBR’s recommendations to impose ban on...

Published 20 May, 2022 05:15am

Opinion

Economy: it now is a matter of urgency

How ironic it is that the rupee has been falling against the US dollar consistently. According to noted economists,...

Published 19 May, 2022 05:29am

Business & Finance

External debt, C/A deficit termed daunting economic issues

ISLAMABAD: Pakistan’s external debt and current account deficit are the biggest economic issues and require...

Published 17 May, 2022 06:28am

Business & Finance

FPCCI says economic conditions have never been worse

LAHORE: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Irfan Iqbal Sheikh has said that...

Published 16 May, 2022 05:42am

Pakistan

Urgent steps needed to take country out of the woods: business leaders

KARACHI: Chairman of the National Business Group Pakistan and President of Pakistan Businessmen and Intellectuals...

Published 15 May, 2022 05:35am

April remittances from workers hit record high

KARACHI: Workers’ remittances continued to post strong growth and the country received the highest-ever $3.1 billion...

Updated 14 May, 2022 10:06am

Business & Finance

Govt urged to take clear stance on economy

KARACHI: Chairman of National Business Group Pakistan and President Pakistan Businessmen and Intellectuals Forum ...

Published 13 May, 2022 05:59am

Markets

SBP-held foreign exchange reserves fall another $190mn, now stand at $10.31bn

Total reserves held by Pakistan stand at $16.38bn

Published 12 May, 2022 10:36pm

Opinion

A fiscal quagmire?

A few days ago, Ministry of Finance released the details of fiscal operations covering three quarters Jul-Mar...

Published 11 May, 2022 04:58am

IMF asks govt to bring C/A deficit under control

DUBAI: The International Monetary Fund has urged Pakistan to bring its current account deficit under control, an...

Updated 28 Apr, 2022 11:07am

Pakistan

IMF says Pakistan needs to reduce its current account deficit

Fund official says team will assess policy priorities of the new government and economic impact in the context of the war in Ukraine

Updated 27 Apr, 2022 06:26pm

BR Research

Petroleum pricing: try cross subsidy

Energy sector is the biggest concern for the newly formed government. The commodity prices are in a super cycle....

Updated 28 Apr, 2022 11:14am

Opinion

Moving forward

Political uncertainty comes at a time when the macro numbers are beginning to deteriorate. This could pose serious...

Published 26 Apr, 2022 05:20am

BR Research

Trials and tribulations of CAD

The current account deficit is slowly coming down. The toll stood at $1.0 billion in Mar-22 as compared to the...

Published 25 Apr, 2022 08:11am

March C/A deficit increases 98pc to $1.028bn MoM

KARACHI: Pakistan’s current account deficit has increased to $1.028 billion in the month of March 2022 as compared...

Published 24 Apr, 2022 05:36am

Markets

Pakistan's current account deficit clocks in at $1.03bn in March

Increases massive 179% on a year-on-year basis, 98% on a monthly basis
9MFY22 CAD amounts to $13.17bn

Updated 23 Apr, 2022 07:23pm

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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