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Business & Economy

Business & Economy

World Bank, Pakistan agree on need for 10-year rolling country framework plan: Finance Division

Aurangzeb also shares reform agenda during meeting with World Bank chief

Updated 17 Apr, 2024 05:56pm

Business & Economy

Aurangzeb explains why Pakistan needs larger, longer IMF programme

Addressing Atlantic Council thinktank, finance minister says execution of structural reforms requires two to three years

Updated 16 Apr, 2024 06:50pm

Business & Economy

Pakistan and IMF discussing new multi-billion-dollar programme, finance minister says

Pakistan seeks at least a three-year programme with the IMF, says Aurangzeb

Updated 16 Apr, 2024 10:00pm

Business & Economy

Govt increases petrol price by Rs4.53, takes it to Rs293.94 per litre

The new prices take effect from April 16, 2024

Published 15 Apr, 2024 11:49pm

Business & Economy

IMF chief says Pakistan seeking potential follow-up loan program

Says Pakistan successfully completing its existing program with the IMF

Updated 12 Apr, 2024 09:32am

Business & Economy

Pakistan’s ‘Nazuk Mor’ is a Harvard Business School case study

You know your country has serious issues when it becomes a case study for potential future leaders and managers. In...

Updated 09 Apr, 2024 11:19pm

Business & Economy

Inflation woes have taken the shine off Pakistan’s Eid festivities

Mohammad Rizwan, a vendor selling children and women’s clothing off a side street from the main Tariq Road in...

Updated 09 Apr, 2024 10:12pm

Business & Economy

UN expects Pakistan’s GDP growth to clock in at 2% in 2024, improve further in 2025

Pakistan’s real GDP growth rate is expected to clock in at 2% in 2024 and inch up marginally to 2.3% in 2025, a...

Updated 05 Apr, 2024 10:10pm

Business & Economy

IMF Executive Board meeting expected ‘late April’

IMF official says growth and confidence are continuing to recover in Pakistan

Updated 05 Apr, 2024 10:22pm

Business & Economy

Pakistan’s central govt debt decreases marginally in February: SBP

Major decrease witnessed in central government external debt and short-term domestic debt

Updated 04 Apr, 2024 06:31pm

Business & Economy

PM Shehbaz urges enhanced trade and connectivity with Iran

In meeting with PM, Iranian ambassador affirms Tehran's desire to further strengthen relations with Pakistan in all areas of mutual interest

Published 02 Apr, 2024 10:42pm

Business & Economy

Pakistan canvasses interest in purchase of stake in PIA

KARACHI: Pakistan is putting on the block a stake ranging from 51% to 100% of loss-making national carrier Pakistan...

Updated 02 Apr, 2024 11:33pm

Business & Economy

In absence of major, sustained reforms, Pakistan to continue facing liquidity issues: World Bank

Poverty reduction projected to stall in medium term due to weak growth, low real labour incomes, and persistently high inflation, says lender in 'Pakistan Development Update'

Updated 02 Apr, 2024 11:38pm

Cotton & Textile

Pakistan’s textile exports up 3% YoY in March, clock in at $1.3bn

In 9MFY24, overall textile exports down marginal 0.3%, stand at $12.44bn

Updated 02 Apr, 2024 11:49pm

Business & Economy

Pakistan’s trade deficit shrinks 25% to $17.03bn in 9MFY24

However, trade deficit in March alone higher on yearly and monthly basis

Updated 01 Apr, 2024 10:10pm

Business & Economy

Pakistan’s headline inflation reading slows further to 20.7% in March

CPI-inflation reading drops to lowest level since May 2022, is now below key policy rate after over three years

Updated 01 Apr, 2024 09:44pm

Business & Economy

Govt hikes petrol price by Rs9.66, takes it to Rs289.41 per litre

The new prices take effect from April 01, 2024

Updated 31 Mar, 2024 11:51pm

Business & Economy

Finance ministry sees inflation at 22.5-23.5% in March

Says inflation outlook at moderate level despite upward revision of petrol prices and influence of Ramzan

Updated 29 Mar, 2024 10:12pm

Business & Economy

Aurangzeb holds key meeting with SBP governor

Federal Minister for Finance and Revenue Muhammad Aurangzeb on Friday convened a meeting with Governor of the State...

Updated 29 Mar, 2024 10:25pm

Business & Economy

Aurangzeb eyes fresh staff-level agreement with IMF by end of this fiscal year

Finance minister says imposition of super tax, windfall tax not sustainable

Updated 29 Mar, 2024 10:37pm

Business & Economy

Q2FY24: Pakistan sees GDP growth of 1%, below expectation

National Accounts Committee says agriculture sees 5.02% growth, but industrial sector contracts

Updated 28 Mar, 2024 10:34pm

Business & Economy

Headline inflation projected to stand at around 20% in March

Consumer Price Index (CPI)-based inflation in Pakistan is expected to decline further and may clock in at around 20%...

Updated 28 Mar, 2024 08:38pm

Business & Economy

July-February FY24: foreign investors’ profit repatriation soars 237%

Repatriation of profit and dividends by foreign investors was a massive 237% higher on a year-on-year basis during...

Updated 27 Mar, 2024 08:42pm

Business & Economy

International investors express interest in Pakistan’s PIA, airports, says aviation ministry

An adviser for the deal tells Pakistan’s ministry of defence production and aviation that 'seven international investors including Germany, France, Netherlands, Qatar, UAE, Malaysia and Turkiye have shown interest' besides local groups

Published 26 Mar, 2024 10:00pm

Business & Economy

PM Shehbaz says macroeconomic stability, growth priority of govt

Prime Minister Shehbaz Sharif on Tuesday said his government’s top priority is to ensure macroeconomic stability and...

Updated 26 Mar, 2024 06:32pm

Energy

Power sector woes: PM Shehbaz assigns tasks to ministries

Wants them completed in 1-3 months

Updated 25 Mar, 2024 10:23pm

Business & Economy

World Bank approves $150mn financing for two projects in Pakistan

Amount of $78mn approved for Digital Economy Enhancement Project (DEEP), while $71.7mn sanctioned as second additional financing for Sindh Barrages Improvement Project

Updated 23 Mar, 2024 09:19pm

Business & Economy

To boost reserves, Pakistan to tap China for $300mn Panda Bonds: report

In interview with Bloomberg, finance minister Aurangzeb says option should have been explored 'some time back'

Updated 22 Mar, 2024 10:24pm

Business & Economy

‘Difficult, but necessary’: analysts weigh in on future with IMF

Believe tougher measures are likely to follow as Pakistan moves to 'successor medium-term Fund-supported programme'

Updated 20 Mar, 2024 10:17pm

Business & Economy

FDI in Pakistan falls over 17% in 8MFY24

However, net FDI during February alone higher on yearly and monthly basis

Updated 20 Mar, 2024 09:55pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 7	278.32
USD PKR Interbank Buying / May 7	278.12
USD to Japanese Yen / May 7	155.24
USD to Swiss Franc / May 7	0.91
Pound Sterling to USD / May 7	1.25
Euro to USD / May 7	1.07

Stock	Volume
S&P 500 / May 7	5187.70
India Sensex / May 7	73511.85
Tokyo Nikkei / May 7	38342.76
Nasdaq / May 7	16332.56
Hang Seng / May 7	18549.73
FTSE 100 / May 7	8313.67
Dow Jones / May 7	38884.26
Germany DAX 30 / May 7	18430.05

Item	Value
Crude Oil USD/Barrel / May 7	78.06
Karachi Cotton PKR/37.32 KG / May 7	19935
Gold 10 Grams PKR / May 7	205761
Gold Spot USD/Ounce / May 7	2316.80
Cotton US¢/pound / May 7	77.68
Petrol/Litre / May 8	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 8 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 8 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 8 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 8 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 8 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 8 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 8 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 8 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 8 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 8 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 8 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 8 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 8 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 8 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 8 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 8 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 8 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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