Business & Economy

IMF is asking for ‘guarantees at every step’: PM Shehbaz

Says talks between government and IMF are still underway

Updated 28 Mar, 2023 07:57pm

Business & Economy

IMF seeks financial assurances before taking 'next step with Pakistan'

Says Pakistan's economy faces multiple challenges including from slowing growth, high inflation and large financing needs

Updated 24 Mar, 2023 04:25pm

Business & Economy

‘Pakistan is running out of time,’ warns PBC as IMF programme hangs in balance

As stakeholders contest short-term power, Pakistan's long-term future is in jeopardy, says Pakistan Business Council

Updated 22 Mar, 2023 04:44pm

Business & Economy

Pakistan careening towards potential default if IMF aid does not arrive: Bloomberg

Bloomberg economists believe neighbouring China will help Pakistan in case IMF does not release funds

Updated 21 Mar, 2023 08:01pm

Business & Economy

Govt did not consult ahead of announcing fuel subsidy proposal: IMF

Pakistan authorities did not consult with the International Monetary Fund (IMF) staff ahead of announcing their...

Updated 21 Mar, 2023 09:02am

Business & Economy

Statement on Senate floor regarding IMF programme being quoted out of context: Ishaq Dar

Says remarks that Pakistan has sovereign right to develop its nuclear programme should not be linked with ongoing negotiations with IMF

Updated 20 Mar, 2023 10:06pm

Business & Economy

Pakistan’s current account deficit clocks in at meagre $0.07bn in February

Cumulatively, deficit reduced to $3.9bn in Jul-Feb FY23 compared to $12.1bn in Jul-Feb FY22.

Updated 20 Mar, 2023 09:28pm

Business & Economy

Further hike in policy rate on the cards as inflation runs deep in Pakistan

Brokerage house AHL says it expects an increase of 100bps in upcoming meeting on April 4

Updated 18 Mar, 2023 03:29pm

Business & Economy

Air carriers face ‘very challenging’ environment as $290mn stuck in Pakistan: IATA

The International Air Transport Association (IATA), a trade association of global airlines, has warned that Pakistan...

Published 16 Mar, 2023 06:02pm

Business & Economy

IMF asking for materialisation of commitment from ‘friendly countries’: Ishaq Dar

Finance minister says there will be 'no compromise' on Pakistan's nuclear and missile programmes

Updated 16 Mar, 2023 08:36pm

Business & Economy

Documentation for ICBC’s second $500mn disbursement complete: Dar

Earlier this month, Pakistan’s central bank received $500 million from China’s ICBC, the first of three disbursements that were approved for rollover

Updated 16 Mar, 2023 05:23pm

Business & Economy

Pakistan's ex finance chief Miftah warns against any kind of debt restructuring

Difficult task to get China and the West to sit on one table for such an endeavour, he says

Updated 16 Mar, 2023 09:46am

Business & Economy

Govt increases petrol price by Rs5 per litre

The price of high-speed diesel also increases by Rs13 per litre

Published 15 Mar, 2023 11:59pm

Business & Economy

ECC greenlights supply of indigenous gas to fertilizer sector

The Economic Coordination Committee (ECC) on Wednesday approved the supply of indigenous gas to fertilizer plants to...

Updated 15 Mar, 2023 09:51pm

Business & Economy

Pakistan must enhance infrastructure spending by five times: Maheen Rehman

InfraZamin CEO highlights need for rigorous development in the areas of education, health and agriculture

Published 14 Mar, 2023 08:56pm

Business & Economy

Dar-led monitoring committee bans use of over 1800cc cars by govt officials

The monitoring committee, led by Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar, on Monday...

Updated 13 Mar, 2023 10:25pm

Business & Economy

'Pakistan has a bright future': UK keen to liberalise trade, identify investment opportunities

UK Prime Minister’s Trade Envoy to Pakistan, Mark Eastwood, who also serves as a Member of Parliament (MP), has...

Published 10 Mar, 2023 06:47pm

Remittances clock in at $2bn in February, down 9.5% on a yearly basis

Inflow, however, recovers marginally on month-on-month basis

Updated 10 Mar, 2023 07:17pm

Business & Economy

Staff-level agreement with IMF expected in ‘next few days’: Dar

Finance minister says agreement has 'taken longer than it should have'

Updated 09 Mar, 2023 05:18pm

Business & Economy

Saudi prince formally launches $100mn tech house in Pakistan

Saudi Arabia’s Prince Fahad bin Mansour Alsaud formally launched the $100-million Saudi-Pakistan Tech House (SPTH)...

Published 08 Mar, 2023 01:10pm

Business & Economy

Careem intends to launch women-driven motorbike service for Pakistani females

Careem, the global ride-hailing service, announced on Tuesday its plan to launch a new women-driven motorbike...

Published 07 Mar, 2023 06:14pm

Business & Economy

Pakistan’s fintech Trukkr says it has raised $6.4mn in seed funding

KARACHI: Trukkr, a fintech platform for Pakistan’s trucking industry, said on Tuesday it had raised $6.4 million in...

Published 07 Mar, 2023 04:22pm

Business & Economy

IMF temporarily hikes limits on members’ annual, cumulative access to its resources

Changes intended to better support the Fund’s members in a particularly challenging and uncertain economic environment, it says in statement

Updated 07 Mar, 2023 06:38pm

Business & Economy

Pakistan has to give assurances on financing BOP deficit: IMF

External financing is one of the last in a string of prior actions the lender wants Islamabad to complete before it clears funding, IMF representative says

Updated 06 Mar, 2023 02:55pm

Forex

SBP receives $500mn from ICBC: Ishaq Dar

Finance minister had earlier said that ICBC has rolled over $1.3bn-facility, reiterated that Pakistan will not default

Updated 04 Mar, 2023 01:36pm

Business & Economy

Moody's downgrades five Pakistani banks

Also downgrades the five banks' long-term foreign currency Counterparty Risk Ratings (CRRs) to Caa3 from Caa1

Updated 03 Mar, 2023 09:14pm

Business & Economy

Additional inflow of $500mn from China expected in few days, says Dar

Finance minister says ICBC has rolled over $1.3bn-facility, reiterates Pakistan will not default; blames Imran Khan for country's current economic state

Updated 03 Mar, 2023 06:42pm

Business & Economy

China urges all to play 'constructive role in Pakistan’s economic stability efforts'

Spokesperson Mao Ning says Western-dominated commercial creditors and multilateral financial institutions account for the lion’s share of developing countries’ debt

Updated 03 Mar, 2023 06:33pm

Business & Economy

Pakistan, IMF to reach staff-level agreement by next week: Ishaq Dar

Says 'anti-Pakistan elements are spreading malicious rumours that Pakistan may default'

Updated 02 Mar, 2023 07:45pm

Business & Economy

Pakistan’s headline inflation reading in February hits 31.5% YoY

This is the highest YoY inflation reading since data was made available in July 1965, according to brokerage house AHL

Updated 01 Mar, 2023 07:10pm

Gainers
Losers
Leaders

Stock	Price
Pak Gen.Ins. / Mar 29 The Pakistan General Insurance Co. Ltd.(PKGI)	4.42 ▲ 0.62 (16.32%)
Popular Islamic / Mar 29 Popular Islamic Modaraba(PIM)	8.15 ▲ 1.00 (13.99%)
KASB Modaraba / Mar 29 KASB Modaraba(KASBM)	1.24 ▲ 0.15 (13.76%)
Invest Bank / Mar 29 Invest Capital Investment Bank Limited(ICIBL)	1.19 ▲ 0.10 (9.17%)
J.K.Spinning / Mar 29 J.K. Spinning Mills Limited(JKSM)	43.32 ▲ 3.02 (7.49%)
Khairpur / Mar 29 Khairpur Sugar Mills Limited(KPUS)	67.61 ▲ 4.71 (7.49%)
Quetta Textile / Mar 29 Quetta Textile Mills Limited(QUET)	15.22 ▲ 1.06 (7.49%)
Zahid Jee Textile / Mar 29 Zahidjee Textile Mills Limited(ZAHID)	26.87 ▲ 1.87 (7.48%)
Shield Corp. / Mar 29 Shield Corporation Limited(SCL)	304 ▲ 20.89 (7.38%)
Shifa Int.Hosp / Mar 29 Shifa International Hospitals Limited(SHFA)	119 ▲ 8.00 (7.21%)

Stock	Price
Pak. P.V.C. / Mar 29 Pakistan PVC Limited(PPVC)	3.91 ▼ -0.99 (-20.20%)
First Pak Mod. / Mar 29 First Pak Modaraba(PAKMI)	1.20 ▼ -0.20 (-14.29%)
Bilal Fibres / Mar 29 Bilal Fibres Limited(BILF)	2.15 ▼ -0.29 (-11.89%)
Unicap Modaraba / Mar 29 Unicap Modaraba(UCAPM)	1.61 ▼ -0.19 (-10.56%)
U.D.L.Modaraba / Mar 29 First UDL Modaraba(FUDLM)	4.71 ▼ -0.49 (-9.42%)
Media Times Ltd / Mar 29 Media Times Limited(MDTL)	1.82 ▼ -0.16 (-8.08%)
Ghazi Fabrics / Mar 29 Ghazi Fabrics International Limited(GFIL)	4.07 ▼ -0.34 (-7.71%)
Saritow Spinning / Mar 29 Saritow Spinning Mills Limited(SSML)	4.03 ▼ -0.33 (-7.57%)
Metro Steel / Mar 29 Metropolitan Steel Corporation Limited(MSCL)	27.39 ▼ -2.22 (-7.50%)
Nimir Ind.Chem. / Mar 29 Nimir Industrial Chemicals Limited(NICL)	57.77 ▼ -4.68 (-7.49%)

Stock	Volume
Telecard Limited / Mar 29 Telecard Limited(TELE)	23,781,500 ▼ -0.33
WorldCall Telecom / Mar 29 Worldcall Telecom Limited(WTL)	9,342,048 ▼ -0.02
Pakistan Alumin / Mar 29 Pakistan Aluminium Beverage Cans Limited(PABC)	7,635,500 ▼ -2.29
Pak Int.Bulk / Mar 29 Pakistan International Bulk Terminal(PIBTL)	5,999,500 ▼ -0.17
Nishat Mills Ltd / Mar 29 Nishat Mills Limited(NML)	4,517,772 ▼ -0.92
Shifa Int.Hosp / Mar 29 Shifa International Hospitals Limited(SHFA)	4,299,000 ▲ 8.00
Pak Elektron / Mar 29 Pak Elektron Limited(PAEL)	4,048,000 ▼ -0.07
K-Electric Ltd. / Mar 29 K-Electric Limited(KEL)	3,769,542 ▼ -0.02
Habib Bank / Mar 29 Habib Bank Limited(HBL)	3,527,993 ▼ -1.26
D.G.K.Cement / Mar 29 D.G. Khan Cement Company Limited(DGKC)	3,430,473 ▼ -0.07

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 29	284
USD PKR Interbank Buying / Mar 29	283.40
USD to Japanese Yen / Mar 29	131.67
USD to Swiss Franc / Mar 29	0.92
Pound Sterling to USD / Mar 29	1.23
Euro to USD / Mar 29	1.08
UK LIBOR % / Mar 28	4.81

Stock	Volume
S&P 500 / Mar 28	3971.27
Nasdaq / Mar 28	11716.08
Dow Jones / Mar 28	32394.25
India Sensex / Mar 29	57772.50
Tokyo Nikkei / Mar 29	27883.78
Hang Seng / Mar 29	20191.68
FTSE 100 / Mar 29	7506.30
Germany DAX 30 / Mar 29	15242.54
France CAC40 / Mar 29	7139.99

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 28	18935
Gold 10 Grams PKR / Mar 28	175411
Crude Oil USD/Barrel / Mar 29	73.63
Gold Spot USD/Ounce / Mar 29	1966.74
Cotton US¢/pound / Mar 29	82

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