Pakistan » Business & Economy

Business & Economy

Business & Economy

Post-budget press conference: Dar looks to pacify concerns

Says 'rescheduling domestic debt at present is foolishness'

Updated 10 Jun, 2023 07:37pm

Business & Economy

In budget 2023-24, Pakistan envisages over $19bn in external financing

To meet budgeted targets, govt says it will seek $2.4bn from IMF, another $4.5bn from commercial banks

Updated 09 Jun, 2023 11:11pm

Business & Economy

2023-24: Finance Minister Ishaq Dar says 3.5% growth targeted in ‘responsible budget’

Becomes fourth finance minister in four years to present federal budget

Updated 09 Jun, 2023 10:48pm

Business & Economy

How experts view the upcoming budget announcement

Business Recorder reaches out to experts to know their expectations for budget

Updated 09 Jun, 2023 05:22pm

Business & Economy

As budget announcement nears, here are some proposals that could affect you

Business Recorder sums up some of the proposals that have been under consideration by the govt

Published 09 Jun, 2023 03:09pm

Business & Economy

Under public and IMF’s watchful eyes, Ishaq Dar set to present federal budget shortly

Finance minister will be the fourth person in four years to unveil proposals

Updated 09 Jun, 2023 03:47pm

Business & Economy

Economic Survey 2022-23: Pakistan’s performance explained through graphs

The government of Pakistan presented the Economic Survey 2022-23 on Thursday. Business Recorder summarises the...

Published 08 Jun, 2023 09:57pm

Business & Economy

Dar puts onus of ‘another IMF programme’ on new govt

While unveiling Economic Survey 2022-23, finance minister says it will be 'undemocratic and unfair' to initiate talks with lender on new loan facility

Updated 08 Jun, 2023 08:50pm

Cotton & Textile

APTMA urges Dar to reinstate competitive energy tariffs

Textile body says if urgent measures are not taken to reinstate the RCET, trade deficit could increase by $4-5 billion

Updated 08 Jun, 2023 07:42pm

Business & Economy

Pakistan has to satisfy IMF on three counts including budget ‘consistent with programme objectives’

Resident representative says there is time for one last board review before scheduled end of Extended Fund Facility

Updated 08 Jun, 2023 08:17pm

Energy

TAPI Pipeline: Pakistan and Turkmenistan sign implementation plan

PM Shehbaz says pipeline crucial for region's prosperity

Updated 08 Jun, 2023 03:29pm

Business & Economy

There will be no winners, say experts ahead of budget announcement

Trapped in economic crisis coupled with political instability and lingering IMF programme, govt seems to have its hands tied

Updated 07 Jun, 2023 08:35pm

Business & Economy

Pakistan’s budget caught between IMF expectations and election

Former finance minister Miftah Ismail says govt will come up with a budget that is more or less in line with IMF prescriptions

Updated 07 Jun, 2023 06:18pm

Business & Economy

USAID announces $16.4mn for Sindh’s flood affectees

Assistance will address worsening food insecurity and malnutrition and help curb the spread of disease

Updated 07 Jun, 2023 03:24pm

Business & Economy

Pakistan proposes inflation target of 21% in estimates for upcoming FY24 budget: report

Pakistan has proposed a GDP (gross domestic product) growth target of 3.5% and an inflation projection of 21% in...

Updated 06 Jun, 2023 06:43pm

Business & Economy

Pakistan now hopes to ink deal with IMF before budget on Friday: report

Programme has been stalled at the ninth review since November last year with statements from officials insisting bailout is on track and will be revived soon

Updated 06 Jun, 2023 05:24pm

Business & Economy

ECC approves fixing maximum price of 49 new drugs

Also gives approval for issuance of government of Pakistan guarantee amounting to Rs9.5bn for the project construction of Hyderabad-Sukkur motorway on build-operate-transfer basis

Published 05 Jun, 2023 08:26pm

Industries & Sectors

IATA says blocked airline funds by countries including Pakistan threaten connectivity

Pakistan is among the top five nations in the world that have blocked airline funds

Updated 05 Jun, 2023 04:37pm

Business & Economy

Budget FY24: govt could take steps ‘to appease public’, says Topline

Facing massive political pressure, the government could take steps “to appease the public” in the upcoming budget...

Published 03 Jun, 2023 06:27pm

Business & Economy

Record inflation, but market says status quo in upcoming monetary policy

High-interest rate along with other macroeconomic measures have already put the brakes on economic growth, argues brokerage house

Updated 03 Jun, 2023 09:06pm

Business & Economy

Delay in IMF programme ‘unprecedented’, says Dar

Finance minister believes there is no technical reason for the delay
Slams 'pseudo-intellectuals' who have predicted country will default

Updated 03 Jun, 2023 08:09pm

Business & Economy

A day after company delegation meets PM, Indus Motor announces 1-week plant shutdown

Cites insufficient inventory levels to maintain production in notice to PSX on Friday

Updated 02 Jun, 2023 07:34pm

Business & Economy

Envoys of China, UAE meet Dar as IMF programme remains stalled

Dar apprises Chinese envoy of the country's economic situation and the progress in the ongoing IMF programme

Published 01 Jun, 2023 06:50pm

Business & Economy

Pakistan’s headline inflation hits new record at 38% in May 2023

Food inflation leads surge in general price levels

Updated 01 Jun, 2023 06:01pm

Business & Economy

IMF should not interfere in Pakistan’s political, domestic affairs: Aisha Ghaus Pasha

Minister of State for Finance says IMF's comment on Pakistan's domestic affairs is 'extraordinary', wants 'uncertainty' on bailout to end

Updated 31 May, 2023 05:22pm

Business & Economy

In crisis-hit Pakistan, rogue loan apps are adding to financial pain

LAHORE: Unemployed Pakistani software engineer Ali thought he had found a way to pay his overdue electricity bill...

Updated 31 May, 2023 05:03pm

Business & Economy

Inflationary pressure to persist in May, warns Ministry of Finance

Inflation in May is expected to be in the range of 34-36%, says Monthly Economic Update & Outlook

Published 30 May, 2023 06:38pm

Business & Economy

Pakistan to share budget details with IMF to unlock funds: finance minister

ISLAMABAD: Pakistan's Finance Minister Ishaq Dar said on Sunday the country will share its upcoming budget details...

Published 28 May, 2023 11:03pm

Business & Economy

Atif Mian ‘has no idea how practical economics operates’: Ministry of Finance

Economist's statement is a misplaced criticism made from a purely theoretical point of view, says Finance Ministry

Updated 27 May, 2023 06:48pm

Business & Economy

Ishaq Dar notifies cut in prices of oil, ghee at utility stores

Finance Minister Ishaq Dar on Friday announced that a cut in prices of oil and ghee by the Utility Stores...

Published 26 May, 2023 10:34pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 29	278.60
USD PKR Interbank Buying / Apr 29	278.40
USD to Japanese Yen / Apr 29	156.26
USD to Swiss Franc / Apr 29	0.91
Pound Sterling to USD / Apr 29	1.26
Euro to USD / Apr 29	1.07

Stock	Volume
S&P 500 / Apr 29	5116.17
India Sensex / Apr 29	74671.28
Tokyo Nikkei / Apr 29	37934.76
Nasdaq / Apr 29	15983.08
Hang Seng / Apr 29	17746.91
FTSE 100 / Apr 29	8147.03
Dow Jones / Apr 29	38386.09
Germany DAX 30 / Apr 29	18118.32

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Crude Oil USD/Barrel / Apr 29	82.60
Gold 10 Grams PKR / Apr 29	209105
Gold Spot USD/Ounce / Apr 29	2334.17
Cotton US¢/pound / Apr 29	81.52
Petrol/Litre / Apr 30	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 30 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 30 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 30 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 30 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 30 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 30 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 30 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 30 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 30 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Markets →

Calculate your monthly liability in FY24

Most Popular