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SBA

Power bills and public anger

The usual jargon was issued by the Prime Minister’s Office on 27, Sunday, after an inconclusive emergent meeting...

Published 04 Sep, 2023 06:21am

Editorials

Initiative required from caretakers

EDITORIAL: The induction of well-respected technocrats in the caretaker cabinet on 17 August was widely hailed but a...

Published 04 Sep, 2023 06:21am

Editorials

Setting the record straight

EDITORIAL: Spare a thought for the caretaker setup. Their only fault, after all, is being in the wrong place at the...

Published 02 Sep, 2023 06:30am

Editorials

Woeful PKR slide

EDITORIAL: The rupee’s worrisome depreciation in the open market is a symptom and not a cause of the economic...

Published 30 Aug, 2023 03:33am

Editorials

Caretakers’ flawed approach to power bills

EDITORIAL: Spontaneous resistance to the July electricity bills, as opposed to a politically engineered resistance ...

Updated 29 Aug, 2023 06:40am

Opinion

Trade conundrum: who is at fault?

The July 2023 trade data indicates an improvement in the trade deficit – from negative 1.863 billion dollars to...

Published 28 Aug, 2023 06:27am

Editorials

The IMF conditions

EDITORIAL: The statement by the Resident Representative of the International Monetary Fund (IMF) in Islamabad on 23...

Published 28 Aug, 2023 06:27am

Opinion

Daunting challenges facing the caretakers

The caretaker government has stepped in amidst massive economic and political challenges demanding promulgation of ...

Published 26 Aug, 2023 06:13am

Shamshad holds virtual meeting with IMF staff team

ISLAMABAD: Over a week after assuming charge of caretaker Finance Minister, Dr Shamshad Akhtar, has reportedly held...

Updated 26 Aug, 2023 06:27pm

Opinion

Need for greater discretionary economic policy

The International Monetary Fund (IMF) has pushed for pro-cyclical, austerity-based policies in its Stand-By...

Updated 25 Aug, 2023 07:08am

Govt required to keep SOEs under MoF oversight: IMF

KARACHI: The International Monetary Fund’s (IMF) representative in Pakistan on Wednesday said that the reform...

Updated 24 Aug, 2023 09:49am

Editorials

The state of the economy

EDITORIAL: Contractionary fiscal and monetary policies agreed with the International Monetary Fund (IMF) under the...

Updated 24 Aug, 2023 06:44am

Inflows improved in July: IMF SBA gives comfort level to multilaterals, bilaterals: MEA officials

ISLAMABAD: The staff level agreement on the Stand-By Arrangement (SBA) with the International Monetary Fund (IMF)...

Updated 23 Aug, 2023 10:17am

Govt collects Rs75bn PL in July

ISLAMABAD: The government collected Rs 75 billion in July 2023 on account of petroleum levy (PL), a key source of...

Updated 22 Aug, 2023 08:56am

$2.89bn borrowed from multiple financing sources in July

ISLAMABAD: The country borrowed $2.890 billion from multiple financing sources during the first month (July) of the...

Updated 22 Aug, 2023 09:12am

Power sector grabs finance minister’s immediate attention

Caretaker Finance Minister Shamshad Akhtar visits Federal Board of Revenue to review progress so far on implementation of $3 billion Stand-by-Arrangement of the International Monetary Fund

Updated 22 Aug, 2023 10:06am

Opinion

Caretakers must ensure fiscal discipline

The last official document on the state of the economy prior to the end of the tenure of the eleven-party coalition...

Published 21 Aug, 2023 06:43am

Editorials

Continuity of policies

EDITORIAL: Caretaker Prime Minister Anwaarul Haq Kakar has pledged to continue the economic policies of the outgoing...

Published 21 Aug, 2023 06:43am

Editorials

Ominous start to new (fiscal) year

EDITORIAL: A 19.3 percent year-on-year drop in remittances in July isn’t exactly how the outgoing government...

Published 19 Aug, 2023 06:46am

Opinion

Economic policy by the interim govt

Given Pakistan is facing very difficult economic challenge, mainly in the shape of bringing debt sustainability, on...

Updated 18 Aug, 2023 06:22am

High interest rates, power tariffs, costly raw materials: Textile sector will continue to face economic headwinds: APTMA

ISLAMABAD: The textile sector will continue to experience economic headwinds related to high interest rates,...

Updated 16 Aug, 2023 10:42am

Markets

Rupee falls to 291.5 against US dollar, its weakest closing in inter-bank market since May 11

Local currency sees depreciation of over 1% on Tuesday as caretaker govt takes over affairs of the country

Updated 15 Aug, 2023 08:08pm

Opinion

Mixed start of FY2023-24

The current financial year, 2023-24, started on a very positive note. The talks with the IMF (International Monetary...

Published 15 Aug, 2023 06:49am

Global conditions contributed to higher inflation in Pakistan: SBP

KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad has said that global economic conditions have largely...

Updated 15 Aug, 2023 10:02am

Editorials

Plan to borrow Rs11.09trn in 3 months

EDITORIAL: According to the auction calendar issued by the State Bank of Pakistan, the federal government intends to...

Published 11 Aug, 2023 05:17am

Opinion

‘It’s a nuance, but an important nuance’

The outgoing Shehbaz Sharif-led government is deriving a lot of pleasure, pride and satisfaction from the fact that...

Published 10 Aug, 2023 06:35am

PM acknowledges China’s role in crucial IMF SBA

Says IMF deal would not have been possible without China's support

Updated 10 Aug, 2023 09:57am

Updated CDMP as per SBA yet to be approved

ISLAMABAD: The pledge for the Cabinet to approve an updated Circular Debt Management Plan (CDMP) by end-July 2023 as...

Updated 09 Aug, 2023 09:16am

Editorials

Why the budget was changed

EDITORIAL: Finance Minister Ishaq Dar stated the obvious during his briefing to the National Assembly Standing...

Published 09 Aug, 2023 05:33am

Editorials

Fuel price hike

EDITORIAL: Prices of petrol and high speed diesel (HSD) were raised by 19.95 and 19.90 rupees per litre,...

Updated 03 Aug, 2023 06:27am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Tokyo Nikkei / May 17	38787.38
Nasdaq / May 17	16685.97
Hang Seng / May 17	19535.61
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 18	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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