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Pakistan 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

Opinion

Inflation expectations: normalcy in sight?

The recent data points and trends suggest that inflation is likely to come down at a faster pace than expected. This...

Updated 06 May, 2024 07:04am

Opinion

Redemption of the power sector

A host of sectoral lacunas prevailing in the energy sector have yet to be tackled leave alone overcome and the...

Updated 06 May, 2024 07:04am

Saudi business team arrives

ISLAMABAD: A high-level Saudi business delegation arrived in Pakistan on Sunday with the aim of signing agreements...

Updated 06 May, 2024 08:59am

Editorials

Hurting growth of formal economy

EDITORIAL: At a time when the federal government and finance minister are all talking about documenting the economy...

Published 06 May, 2024 05:30am

Business & Finance

PIAF delegation meets minister: ‘Govt to take business-friendly initiatives for economic growth’

LAHORE: Federal Minister for Industries and Production Rana Tanveer Hussain has expressed the hope that the...

Updated 06 May, 2024 09:23am

Budget 2024-25: SPDC proposes 37pc increase in FED on tobacco products

ISLAMABAD: The Social Policy Development Centre (SPDC) has proposed a 37 percent increase in Federal Excise Duty...

Updated 06 May, 2024 09:01am

Need stressed to implement much delayed TTS

ISLAMABAD: Prime Minister Shehbaz Sharif’s recent commitment to robust tax enforcement has underscored the urgent...

Updated 06 May, 2024 09:02am

Export of goods to Afghanistan, CAR: KP exporters seek incentives in PKR

PESHAWAR: All Khyber Pakhtunkhwa Exporters Association during a meeting held at Landikotal city of Khyber District...

Updated 06 May, 2024 09:17am

Business & Finance

IMF says its mission will visit Pakistan this month to discuss new loan

Accelerating reforms now more important than size of programme, which will be guided by package of reform and balance of payments needs, lender says

Updated 05 May, 2024 10:11pm

Business & Finance

PM Shehbaz pledges revenue target achievement via FBR reforms

Premier says required laws will be drafted to guarantee top positions are only awarded to capable and hardworking officials

Published 04 May, 2024 10:06pm

Pakistan

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

Pakistan

Youth employment: PIDE seminar urges need of over 8pc sustainable GDP growth

ISLAMABAD: Pakistan requires a sustainable GDP growth of more than eight percent for youth employment, to reduce the...

Updated 04 May, 2024 06:32am

Saudi investment, projects: PM reviews progress

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday chaired a high-level review meeting regarding the progress of...

Updated 04 May, 2024 07:24pm

Opinion

Transparency, taxation & reforms

Macroeconomic conditions have improved over the course of the program. Growth of 2 percent is expected in FY24 given...

Published 03 May, 2024 06:29am

Opinion

Dismal savings: Pakistan’s growth barrier

Pakistan has the one of the lowest savings rates in the world. During the past decade, Pakistan’s savings rate has...

Published 03 May, 2024 06:29am

Editorials

Cost of IMF’s bailouts

EDITORIAL: It is instructive that statements like former prime minister Shahid Khaqan Abbasi’s latest nugget, that...

Published 03 May, 2024 06:29am

FBR reforms top priority, says minister

ISLAMABAD: The federal government on Thursday reaffirmed its priority towards the Federal Board of Revenue (FBR)...

Published 03 May, 2024 06:29am

Markets

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

Govt taking steps towards fighting corruption: PM

Says government striving to bring about substantial changes in the national economy

Updated 02 May, 2024 09:29am

Pakistan

Both nations: US official says committed to prosperous future

ISLAMABAD: United States Acting Under Secretary for Political Affairs John Bass has underscored US commitment to a...

Updated 02 May, 2024 09:28am

Editorials

A questionable policy stance

EDITORIAL: The Monetary Policy Statement (MPS) dated 29 April 2024 left the discount rate unchanged at 22 percent on...

Published 02 May, 2024 04:58am

Pakistan receives $1.1bn from IMF

KARACHI: Pakistan has received inflows of $1.1 billion from International Monetary Fund (IMF) as final loan tranche...

Updated 01 May, 2024 09:20am

Pakistan

IMF funding helps govt stabilise economy: PM

ISLAMABAD: The disbursement of $1.1 billion by the International Monetary Fund (IMF) will help Pakistan achieve...

Published 01 May, 2024 04:14am

Business & Finance

Economic growth linked to continuity of policies

ISLAMABAD: Minister for Planning, Development and Reforms Ahsan Iqbal said on Tuesday that peace, stability, and...

Published 24 Apr, 2024 03:50am

Expenditure cut steps likely in FY25 budget

Government is likely to announce measures in budget 2024-25 aimed at reducing expenditure massively including contributory pension scheme sans defence, civil armed forces and police

Updated 24 Apr, 2024 11:01am

Business & Finance

Jul-Mar borrowing stands at $6.899bn

ISLAMABAD: The country borrowed $6.899 billion from multiple financing sources during the first nine months...

Updated 24 Apr, 2024 09:00am

Business & Finance

PM terms CPEC-II a big opportunity for private sector

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday said the second phase of China Pakistan Economic Corridor...

Published 24 Apr, 2024 03:50am

Pakistan

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

Pakistan

Pakistan’s current account posts surplus of $619mn in March

Monthly surplus highest after nine years, and the third highest in Pakistan's history

Updated 22 Apr, 2024 10:23pm

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	154.33
USD to Swiss Franc / May 16	0.90
Pound Sterling to USD / May 16	1.27
Euro to USD / May 16	1.09

Stock	Volume
S&P 500 / May 15	5308.15
Nasdaq / May 15	16742.39
Dow Jones / May 15	39908
India Sensex / May 16	72771.48
Tokyo Nikkei / May 16	38920.26
Hang Seng / May 16	19336.77
FTSE 100 / May 16	8411.75
Germany DAX 30 / May 16	18842.52

Item	Value
Petrol/Litre / May 16	273.10
Crude Oil USD/Barrel / May 16	78.95
Karachi Cotton PKR/37.32 KG / May 16	19935
Gold 10 Grams PKR / May 16	210562
Gold Spot USD/Ounce / May 16	2388.50
Diesel/Litre / May 16	274.08

Gainers
Losers
Leaders

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

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

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

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