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Pakistan Economy

Need for combating illicit tobacco trade for economic boost stressed

LAHORE: Emphasising the need for documenting and taxing illicit tobacco transactions, the experts have called for...

Published 28 Feb, 2024 06:10am

Markets

KSE-100 closes 490 points higher as late-session profit taking trims early gains

Benchmark index hit intra-day high of 63,732.50 (gain of over 900 points) on some political clarity and anticipation of corporate results

Updated 26 Feb, 2024 10:43pm

Pakistan

Shehbaz for waging collective efforts to overcome challenges

LAHORE: Emphasising the need for adopting collective approach for steering the country out of crises, Pakistan ...

Published 25 Feb, 2024 04:52am

CCP grants approval to three mergers

ISLAMABAD: The Competition Commission of Pakistan (CCP) has granted approval to three mergers concerning M/s Saudi...

Updated 25 Feb, 2024 10:43pm

Markets

Global lubricant giant Gulf Oil enters Pakistan

In a key development for the country’s oil sector, global lubricants giant Gulf Oil announced that it has entered...

Published 24 Feb, 2024 09:34pm

Opinion

There’s need to focus on economy

Breaking a two-week impasse following elections, Pakistan’s political power-brokers, after extensive negotiations,...

Published 24 Feb, 2024 06:42am

Opinion

It’s turtles all the way down

There is an anecdote oft repeated in university environments and I am copying it from Neuroscientist Robert...

Published 24 Feb, 2024 06:42am

Answer to question about IK’s letter: IMF says won’t comment on developments

The International Monetary Fund says it is looking forward to working with the new government

Updated 24 Feb, 2024 04:10pm

Jul-Jan borrowing stands at $6.3bn

Country receives $331.59 million in January 2024

Updated 24 Feb, 2024 06:44pm

Business & Finance

Dar for waging joint efforts to overcome economic challenges

LAHORE: Emphasising the need for waging collective efforts to overcome the economic challenges, former finance...

Published 24 Feb, 2024 06:42am

Business & Finance

PBF wants a ‘non-technocrat’ as next finance minister

KARACHI: Pakistan Business Forum (PBF) has urged the Prime Minister (in-waiting) to appoint a politician on the slot...

Updated 23 Feb, 2024 10:48am

Opinion

An ‘appropriate’ finance minister, and the need for an over-arching ‘economic minister’

As a new elected government is about to come into office, there is talk of who should be the finance minister....

Updated 23 Feb, 2024 06:58am

Pakistan to seek at least $6bn in new IMF loan programme

NEW YORK: Pakistan plans to seek a new loan of at least $6 billion from the International Monetary Fund to help the...

Updated 23 Feb, 2024 11:03am

Caretakers say satisfied with own performance

ISLAMABAD: The caretaker federal cabinet has expressed satisfaction over the steps taken by the caretaker government...

Updated 23 Feb, 2024 11:00am

Borrowing level of caretakers comparatively lower than PDM govt’s: MoF

ISLAMABAD: The Finance Ministry has maintained that the domestic and external borrowings during the period of the...

Updated 23 Feb, 2024 08:54am

Opinion

Default, then?

Fitch’s doubts about securing a post-SBA (Stand-By Arrangement) IMF lifeline show that even leading IFIs...

Published 22 Feb, 2024 06:55am

Opinion

Beyond colonial legacies—II

An additional critical factor contributing to the governance and economic challenges in Pakistan is the dominance of...

Published 22 Feb, 2024 06:55am

Foreign-funded projects: EAD seeks budget/revised estimates

Economic Affairs Division holds meeting to review hydropower and transmission line projects which are reportedly facing rupee cover issues

Updated 22 Feb, 2024 09:54am

Business & Finance

Sustainable growth termed ‘a must’ for stable economy

ISLAMABAD: Economic experts on Wednesday underscored the need for stabilising the economy which relies on attaining...

Published 22 Feb, 2024 06:55am

Business & Finance

‘PE’: AIC concerned at implications of tax law definition

ISLAMABAD: The Asia Internet Coalition (AIC) comprising global digital media giants has expressed serious concern...

Published 22 Feb, 2024 06:55am

Editorials

Lack of empathy

EDITORIAL: As Pakistan’s economic team leaders claim that stabilisation of the economy has been achieved citing a...

Published 21 Feb, 2024 05:29am

Markets

Pakistan’s current account posts deficit of $269mn in January 2024

Imports increase 11% on monthly basis, contributing to C/A deficit

Updated 19 Feb, 2024 09:15pm

Markets

Election outcome in Pakistan ‘may complicate’ new IMF deal: Fitch

Pakistan’s vulnerable external position means securing financing from multilateral and bilateral partners will be 'one of the most urgent issues on the agenda for the next government'

Updated 19 Feb, 2024 10:25pm

Business & Finance

Country at the crossroads: BMP chairman

LAHROE: The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel (BMP) has said that the...

Published 19 Feb, 2024 05:24am

FBR delays issuance of three key notifications

ISLAMABAD: The Federal Board of Revenue (FBR) has delayed issuance of three key notifications dealing with the...

Updated 16 Feb, 2024 08:36am

Moody’s speaks of elevated political uncertainty

Prolonged delays in formation of govt will increase policy and political uncertainty at a time when it faces very challenging macroeconomic conditions

Updated 15 Feb, 2024 11:56am

Textile exporters blame govt for ‘economic disaster’

KARACHI: The interim rule has again drawn severe criticism for “intruding” into the economic matters that left the...

Updated 15 Feb, 2024 08:42am

Markets

APTMA urges govt to end unproductive cross-subsidies

The All Pakistan Textile Mills Association (APTMA), which represents the largest industrial sector of Pakistan, has...

Updated 14 Feb, 2024 09:28pm

Markets

MSCI adds 19 Pakistani companies to Small Cap, 3 to Frontier Markets Indexes

In a positive development, Morgan Stanley Capital International (MSCI) Inc., in its results of the February 2024...

Updated 13 Feb, 2024 09:14pm

BR Research

Cement’s count down

No amount of mental gymnastics and premeditation can prepare an economy for the political uncertainty and mayhem...

Published 13 Feb, 2024 09:04am

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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