Business & Economy

Pakistan’s economy grows 2.13% in 1st quarter of FY24: NAC

GDP for FY23 revised slightly downward from growth of 0.29% to contraction of 0.17%

Published 28 Nov, 2023 10:43pm

Business & Economy

Profit repatriation from Pakistan rises massively, stands at $272.5mn in October

Cumulative profit repatriated during July-October FY24 stands at $485.4mn, compared to $71.3mn in same period of previous year

Updated 28 Nov, 2023 07:17pm

Business & Economy

ADB approves $180mn to improve Punjab’s water supply & waste management

'Developing Resilient Environments and Advancing Municipal Services in Punjab Project' expected to benefit as many as 1.5 million people

Updated 28 Nov, 2023 04:09pm

Business & Economy

Dar reiterates stance on Pakistan’s currency, calls rupee undervalued

Newly-nominated Leader of the House in Senate wants stakeholders to come onboard to resolve exchange rate issue

Updated 27 Nov, 2023 10:57pm

Business & Economy

Kohinoor Spinning, Abu Dhabi-based group enter MoU for mineral-based business in Pakistan

Nation Trust Holding (TNTH) plans to invest AED30mn, says KOSM in PSX notice

Updated 27 Nov, 2023 10:55pm

Commodities

Pakistan tenders to buy 110,000 metric tons wheat

HAMBURG: A government agency in Pakistan has issued an international tender to purchase and import 110,000 metric...

Published 27 Nov, 2023 03:57pm

Business & Economy

Privatisation of SOEs: caretaker PM Kakar says ‘tangible results’ expected by mid-January

Pakistan International Airlines (PIA) on priority in sell-off list
Interim prime minister also dismisses notion that people leaving Pakistan sign of failure

Updated 24 Nov, 2023 10:03pm

Business & Economy

Inflation expected to go over 28% in Nov following gas price hike: report

Consumer Price Index (CPI)-based inflation in November is expected to hit 28.26%, higher than 26.9%recorded in...

Updated 23 Nov, 2023 11:39pm

Business & Economy

Pakistan secures two-year extension in Marine Mammal Protection Act exemption period

The US Department of Commerce and the National Marine Fisheries Service (NMFS), a US federal agency, awarded...

Published 21 Nov, 2023 04:44pm

Exchange

Pakistan’s REER index jumps 7.5% MoM in October, now stands at 98.6

Nominal Effective Exchange Rate Index (NEER) increases 6.5% MoM in October to provisional value of 39.18 from 36.79 in September

Updated 20 Nov, 2023 10:14pm

Business & Economy

Pakistan’s current account deficit clocks in at $74m in October

Total imports stand at $5.17bn against $5.35bn in the same period of previous year

Updated 20 Nov, 2023 10:20pm

Business & Economy

Govt forms Industry Advisory Council

Council will be made up of 13 top industrial groups in the country
Dr Gohar Ejaz says he is thrilled to lead initiative as Federal Minister of Commerce and Industry

Updated 18 Nov, 2023 09:36pm

Business & Economy

Pakistan’s battered bonds rally again on fresh IMF hopes

LONDON: Pakistan’s dollar-denominated government bonds rallied as much as 3 cents, or roughly 4%, on Friday as they...

Updated 17 Nov, 2023 10:28pm

Energy

Asian Development Bank approves $250mn for power transmission network

ADB says Power Transmission Strengthening Project will help reinforce stability of national grid

Updated 17 Nov, 2023 08:49pm

Business & Economy

Cement body urges govt to stop implementation of axle load regime

Says decision will lead to a reduction in foreign exchange inflow

Updated 15 Nov, 2023 10:46pm

Business & Economy

IMF chief expects Pakistan loan review deal this week: Bloomberg TV

Remarks come as an IMF mission, led by Nathan Porter, is visiting Pakistan for the first review of the Stand-By-Arrangement

Updated 15 Nov, 2023 04:54pm

Business & Economy

Morgan Stanley Capital International November index review: No major change for Pakistan

Morgan Stanley Capital International (MSCI) Inc in its results of the November 2023 index review notified that there...

Updated 15 Nov, 2023 10:44pm

Energy

Despite India’s lack of interest, Pakistan focused on benefitting from TAPI: Kakar

Caretaker Prime Minister Anwaar-ul-Haq Kakar said Pakistan is ready to reap the benefits of the...

Updated 10 Nov, 2023 06:59pm

Business & Economy

Pakistan’s remittances clock in at $2.5bn in October, up 11.5% on monthly basis

On yearly basis, inflow up nearly 10%

Updated 10 Nov, 2023 10:13pm

Business & Economy

Reko-Diq Project: Pakistan hopeful of reaching deal with Saudi Arabia by December, says Kakar

Interim prime minister avoids commenting on sharing details of the commercial deal

Updated 08 Nov, 2023 10:57pm

Business & Economy

‘Contrary to popular belief, Pakistan among our best-performing markets’

A top official at financial institution GuarantCo says company’s model can help Pakistan develop infrastructure

Published 08 Nov, 2023 07:00am

Business & Economy

Why invest in Pakistan: panelists look for answers, but more questions spring up

A seasoned international technology investor, Sameer Chishty, who has recently become Chairman and CEO of Bol...

Published 06 Nov, 2023 09:02pm

Business & Economy

Dr Shamshad reaffirms Pakistan’s commitment to working closely with IMF

Statement from Finance Division comes as IMF Mission begins talks in Islamabad for review of $3 billion Stand-by-Arrangement

Published 02 Nov, 2023 09:37pm

Business & Economy

Smartphones for all: IT ministry to issue policy directive in coming days

The process of providing smartphones to customers on easy installments will be initiated soon, said Caretaker...

Updated 02 Nov, 2023 10:17pm

Business & Economy

World Bank official assures lender will enhance cooperation with Pakistan

Dr Tauqeer Hussain Shah, Executive Director (designate) World Bank, has assured Pakistan the financial institution...

Updated 02 Nov, 2023 06:14pm

Business & Economy

Pakistan’s headline inflation reading clocks in at 26.9% in October

Inflation reading significantly lower than September, when it stood at 31.4%

Updated 01 Nov, 2023 10:57pm

Business & Economy

Ministry of Finance projects inflation at 27%-29% for October

Consumer Price Index (CPI)-based inflation in Pakistan for October has been projected at 27%-29%, the finance...

Updated 31 Oct, 2023 10:40pm

Energy

Gas tariff hike to address Pakistan’s economic woes: energy minister

Says Sui companies would have sustained losses to the tune of over Rs400 billion if gas prices were not raised

Updated 31 Oct, 2023 10:48pm

Currency

Goldman’s analysts say Pak rupee rally to be ‘short lived’: report

Analysts at Goldman Sachs Group Inc, a global investment bank and financial services company, have warned that gains...

Updated 26 Oct, 2023 10:44pm

Business & Economy

Pakistan to hear ‘good news’ regarding PayPal, Stripe payment gateways soon: Dr Saif

Dr Umar Saif, Pakistan’s caretaker federal minister for IT and Telecommunications, said on Wednesday that the...

Updated 26 Oct, 2023 12:17am

Gainers
Losers
Leaders

Stock	Price
Haseeb Waqas / Dec 1 Haseeb Waqas Sugar Mills Limited(HWQS)	10.38 ▲ 1.00 (10.66%)
Bela Auto / Dec 1 Bela Automotives Limited(BELA)	8.79 ▲ 0.81 (10.15%)
Dewan Sugar / Dec 1 Dewan Sugar Mills Limited(DWSM)	2.70 ▲ 0.21 (8.43%)
Sec. Inv. Bank / Dec 1 Security Investment Bank Limited(SIBL)	6.50 ▲ 0.46 (7.62%)
Bannu Woollen / Dec 1 Bannu Woollen Mills Limited(BNWM)	30.21 ▲ 2.11 (7.51%)
Chashma / Dec 1 Chashma Sugar Mills Limited(CHAS)	65.58 ▲ 4.58 (7.51%)
Crescent Steel / Dec 1 Crescent Steel & Allied Products Limited(CSAP)	43.53 ▲ 3.04 (7.51%)
IBL HealthCare / Dec 1 IBL HealthCare Limited(IBLHL)	39.95 ▲ 2.79 (7.51%)
Atlas Honda Ltd / Dec 1 Atlas Honda Limited(ATLH)	373.27 ▲ 26.04 (7.50%)
MithchellsFruit / Dec 1 Mitchells Fruit Farms Limited(MFFL)	245.32 ▲ 17.12 (7.50%)

Stock	Price
Nazir Cotton Mills / Dec 1 Nazir Cotton Mills Limited(NCML)	3.07 ▼ -0.83 (-21.28%)
Trust Mod. / Dec 1 Trust Modaraba(TRSM)	1.43 ▼ -0.17 (-10.63%)
Dar-es-Salaam / Dec 1 Dar-es-Salaam Textile Mills Limited(DSML)	8.30 ▼ -0.95 (-10.27%)
Trust Sec.& Brok. / Dec 1 Trust Securities & Brokerage Limited(TSBL)	9.06 ▼ -0.94 (-9.40%)
Jahangir Sidd(Pref) / Dec 1 Jahangir Sidd(Pref)(JSCLPSA)	8.51 ▼ -0.74 (-8.00%)
Ideal Sp. / Dec 1 Ideal Spinning Mills Limited(IDSM)	14.66 ▼ -1.19 (-7.51%)
AKD Hospitality / Dec 1 AKD Hospitality Limited(AKDHL)	159.28 ▼ -12.91 (-7.50%)
Blessed Tex. / Dec 1 Blessed Textiles Limited(BTL)	317.28 ▼ -25.72 (-7.50%)
Universal Network (GEM) / Dec 1 Universal Network Systems Limited (GEM)(GEMUNSL)	32.99 ▼ -2.67 (-7.49%)
Metro Steel / Dec 1 Metropolitan Steel Corporation Limited(MSCL)	21.37 ▼ -1.73 (-7.49%)

Stock	Volume
B.O.Punjab / Dec 1 The Bank of Punjab(BOP)	50,052,966 ▼ -0.21
Cnergyico PK / Dec 1 Cnergyico PK Limited(CNERGY)	35,689,157 ▼ -0.07
Pak Refinery / Dec 1 Pakistan Refinery Limited(PRL)	35,409,231 ▼ -0.13
Fauji Fert Bin / Dec 1 Fauji Fertilizer Bin Qasim Limited(FFBL)	32,650,500 ▲ 1.67
WorldCall Telecom / Dec 1 Worldcall Telecom Limited(WTL)	30,751,189 ▼ -0.01
Fauji Foods Ltd / Dec 1 Fauji Foods Limited(FFL)	30,039,307 ▲ 0.58
Kohinoor Spining / Dec 1 Kohinoor Spinning Mills Limited(KOSM)	23,573,500 ▼ -0.20
The Searle Co. / Dec 1 The Searle Company Limited(SEARL)	21,694,598 ▼ -0.38
Dewan Cement / Dec 1 Dewan Cement Limited(DCL)	21,032,000 ▲ 0.07
Fauji Cement / Dec 1 Fauji Cement Company Limited(FCCL)	15,482,500 ▲ 0.67

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 30	285.78
USD PKR Interbank Buying / Nov 30	285.23
USD to Japanese Yen / Nov 30	147.02
USD to Swiss Franc / Nov 30	0.87
Pound Sterling to USD / Nov 30	1.27
Euro to USD / Nov 30	1.10
UK LIBOR % / Nov 29	5.46

Stock	Volume
S&P 500 / Nov 29	4550.58
Nasdaq / Nov 29	14258.49
Dow Jones / Nov 29	35430.42
India Sensex / Nov 30	66809.11
Tokyo Nikkei / Nov 30	33486.89
Hang Seng / Nov 30	17042.88
FTSE 100 / Nov 30	7437.50
Germany DAX 30 / Nov 30	16203.24
France CAC40 / Nov 30	7279.08

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 29	17735
Gold 10 Grams PKR / Nov 29	185614
Crude Oil USD/Barrel / Nov 30	78.06
Gold Spot USD/Ounce / Nov 30	2044.28
Cotton US¢/pound / Nov 30	79.69

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