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Business & Economy

Commodities

PLL, Azerbaijan’s SOCAR ink framework agreement to procure LNG cargoes

Pakistan LNG Limited (PLL) and SOCAR Trading Company, an international marketing and development arm of the State...

Updated 24 Jul, 2023 05:23pm

Business & Economy

Ishaq Dar put forward as leader of caretaker government: report

ISLAMABAD: One of the main parties in Pakistan’s ruling coalition has proposed that Finance Minister Ishaq Dar lead...

Updated 24 Jul, 2023 06:26pm

Business & Economy

Tax measures in IMF’s LoI already implemented: Ishaq Dar

Finance minister reiterates stance that govt will not impose any new taxes since all measures had been taken

Updated 22 Jul, 2023 08:03pm

Energy

Petroleum dealers defer strike as ‘understanding’ reached with govt

PPDA had earlier called for a strike starting Saturday, arguing that the government needed to revise the margins available to dealers per litre sale of fuel

Published 21 Jul, 2023 09:26pm

Business & Economy

Pakistan hopes to resume PIA flights to UK in three months: minister

ISLAMABAD: Pakistan hopes its national carrier Pakistan International Airlines (PIA) can resume flights to Britain...

Updated 21 Jul, 2023 08:34pm

Business & Economy

Dar says no plan to impose new taxes on agriculture, construction sectors

Statement comes during National Assembly session on Friday

Updated 21 Jul, 2023 06:15pm

Business & Economy

Authorities to continue crackdown against ‘loan shark apps’ in Pakistan: official

Head PM Strategic Reforms Salman Sufi shares list of loan apps blocked by authorities so far

Updated 20 Jul, 2023 04:50pm

Business & Economy

FY23: ADB says Pakistan’s economy weighed down by tighter monetary, fiscal policies

The Asian Development Bank (ADB) on Wednesday said Pakistan’s economic growth in the fiscal year 2023 remained lower...

Published 19 Jul, 2023 04:30pm

Business & Economy

IMF urges Pakistan to continue monetary policy tightening cycle

Tightening cycle should continue if needed to reduce inflation and facilitate external rebalancing, says staff report

Published 18 Jul, 2023 10:56pm

Business & Economy

Pakistan in ‘safe zone’: Ishaq Dar

Finance Minister Ishaq Dar said on Tuesday that Pakistan is now in the ‘safe zone’ after efforts of the incumbent...

Updated 18 Jul, 2023 06:11pm

Business & Economy

Pakistan reports 4th successive monthly current account surplus in June

Current account deficit shrinks 85.4% to $2.56bn in FY23
Development driven mainly by import restrictions due to dollar shortage

Updated 18 Jul, 2023 04:34pm

Business & Economy

PM Shehbaz says China’s Exim Bank has rolled over $600mn loan

ISLAMABAD: China’s Exim Bank has rolled over a $600-million loan, Prime Minister Shehbaz Sharif said at the launch...

Updated 18 Jul, 2023 06:10pm

Business & Economy

YoY: Pakistan’s trade deficit shrinks 43% to $27.6bn in FY23

In FY22, trade deficit stood at a whopping $48.35 billion
Contraction in deficit comes on back of restrictions on imports

Updated 19 Jul, 2023 03:07pm

Business & Economy

Illegal loan apps: govt bans dozens as crackdown finally begins

After several reports, the government’s Ministry of IT and Telecom has finally decided to take action against...

Updated 17 Jul, 2023 06:06pm

Business & Economy

Ishaq Dar notifies Rs9 per litre reduction in petrol price

Petrol to be priced at Rs253, diesel's rate sees cut of Rs7 to stand at Rs253.5 per litre

Published 15 Jul, 2023 10:43pm

Stocks

Brokerage house AHL expects KSE-100 to provide upside of 24% in FY24

AHL says KSE-100 could power past 56,000 level by June 2024

Updated 15 Jul, 2023 11:52pm

Business & Economy

PM Shehbaz says govt has tried to normalise ties with US

Premier says the previous government damaged Pakistan's relationship with Washington

Updated 15 Jul, 2023 09:18pm

Business & Economy

After Saudi Arabia and UAE deposits, Pakistan expects another $2.6bn in financing: report

Pakistan will draw $5.6 billion in financing, Bloomberg News reported on Friday, an amount that includes inflows...

Updated 14 Jul, 2023 09:00pm

Forex

IMF delves into reasons behind ‘shorter’ programme with Pakistan

Nine-month Stand-By Arrangement provides time to implement policies critical to strengthening Pakistan's economic situation, says IMF’s Director of Strategic Communications Julie Kozack

Updated 14 Jul, 2023 08:59pm

Business & Economy

After SBA approval, this is how IMF projects Pakistan’s economy will perform in FY24

In contrast to the government’s targeted economic growth of 3.5%, the International Monetary Fund (IMF) has...

Updated 13 Jul, 2023 06:22pm

Forex

IMF deposits $1.2bn in SBP: Ishaq Dar

During the week, Pakistan has received $4.2bn from different avenues including Saudi Arabia, UAE, and the Washington-based lender
SBA with IMF will now see two more reviews - in November and February

Updated 13 Jul, 2023 06:02pm

Forex

Pakistan dollar bonds rally after IMF clears $3bn bailout

LONDON: Pakistan’s sovereign dollar bonds gained as much as 1.7 cents, Tradeweb data showed on Thursday, after the...

Published 13 Jul, 2023 01:08pm

Business & Economy

World Bank board approves $100mn for ‘Punjab Family Planning Program’

Project aims to provide timely access to quality family planning services free of charge

Updated 13 Jul, 2023 04:48pm

Business & Economy

IMF Executive Board approves $3bn Stand-By Arrangement for Pakistan

Board’s approval allows for an immediate disbursement of SDR894 million or about US$1.2 billion

Updated 12 Jul, 2023 11:57pm

Business & Economy

UAE has deposited $1bn in Pakistan’s central bank: Ishaq Dar

Finance minister says SBP-held foreign exchange reserves have gotten another boost after $2bn inflow from Saudi Arabia

Updated 12 Jul, 2023 07:57pm

Energy

Pakistan negotiating for a second discounted Russia crude shipment

ISLAMABAD: Pakistan is negotiating to buy a second shipment of discounted Russian crude oil, the South Asian...

Updated 12 Jul, 2023 08:08pm

Energy

Majority owners of offshore holding seek direct stake in Pakistan’s K-Electric

KARACHI: The majority shareholders of an offshore holding company that owns most of Pakistani power company...

Published 12 Jul, 2023 02:27pm

Business & Economy

‘Govt accepts IMF programme with heavy heart’: PM inaugurates first phase of Fata varsity in Peshawar

PESHAWAR: In a somber acknowledgment of the prevailing economic hardships, Prime Minister Shehbaz Sharif said on...

Published 12 Jul, 2023 06:39am

Business & Economy

$77.8mn funding secured for Recharge Pakistan project: Sherry Rehman

Project aims to build Pakistan’s climate resilience and water security through cost-effective ecosystem-based adaptation

Updated 11 Jul, 2023 05:20pm

Business & Economy

Fitch upgrades Pakistan to ‘CCC’ after IMF deal

Long-Term Foreign-Currency Issuer Default Rating (IDR) improved due to 'Pakistan's improved external liquidity and funding conditions following staff-level agreement'

Updated 10 Jul, 2023 06:41pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 22	278.53
USD PKR Interbank Buying / Apr 22	278.33
USD to Japanese Yen / Apr 22	154.79
USD to Swiss Franc / Apr 22	0.91
Pound Sterling to USD / Apr 22	1.23
Euro to USD / Apr 22	1.07

Stock	Volume
S&P 500 / Apr 22	5010.60
India Sensex / Apr 22	73648.62
Tokyo Nikkei / Apr 22	37438.61
Nasdaq / Apr 22	15451.31
Hang Seng / Apr 22	16511.69
FTSE 100 / Apr 22	8023.87
Dow Jones / Apr 22	38239.98
Germany DAX 30 / Apr 22	17860.80

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 19	21035
Crude Oil USD/Barrel / Apr 22	82.42
Gold 10 Grams PKR / Apr 22	213220
Gold Spot USD/Ounce / Apr 22	2328.37
Cotton US¢/pound / Apr 22	82.42
Petrol/Litre / Apr 23	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 23 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 23 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 23 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 23 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 23 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 23 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 23 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 23 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 23 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 23 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 23 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 23 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 23 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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