Pakistan » Business & Economy

Business & Economy

Energy

Pakistan LNG gets bids from Vitol, Trafigura for December cargoes

Pakistan LNG Ltd (PLL) received bids from commodity traders Vitol and Trafigura for their latest tender, seeking two...

Updated 04 Oct, 2023 06:49pm

Business & Economy

Businesses laud Pakistan govt’s measures against ‘misuse of Afghan Transit Trade’

Business bodies including the Pakistan Business Council (PBC) and the All Pakistan Textile Mills Limited (APTMA)...

Updated 04 Oct, 2023 10:46pm

Business & Economy

Poverty headcount in Pakistan reached 39.4% in FY23, projects World Bank

Expects poverty reduction to be gradual in the medium term, owing to weak growth and lower labor income, persistent inflation (especially for food and energy), and lower remittances

Updated 03 Oct, 2023 10:35pm

Business & Economy

Pakistan’s GDP projected to recover to 1.7% in FY24: World Bank

This is 'predicated on the robust implementation of the IMF Stand-By Arrangement, new external financing and continued fiscal restraint'

Updated 03 Oct, 2023 10:43pm

Business & Economy

Import compression: Pakistan’s trade deficit narrows 42% to $5.29bn in 3MFY24

Balance stood at $9.16bn in same period of previous year

Updated 02 Oct, 2023 06:19pm

Business & Economy

Pakistan’s headline inflation reading clocks in at 31.4% in September

Brokerage house says reading is in line with market expectations

Updated 02 Oct, 2023 07:42pm

Business & Economy

Pakistan 'finalises' free trade agreement with GCC

In a major development, Pakistan has finalised a free trade agreement (FTA) with the Gulf Cooperation Council (GCC),...

Updated 30 Sep, 2023 09:09am

Commodities

Pakistan seeks two LNG cargoes for winter

Pakistan LNG Limited (PLL), a government subsidiary that procures liquefied natural gas (LNG) from the international...

Updated 27 Sep, 2023 07:32pm

Business & Economy

Cumulative inflow under RDA hits $6.62bn: SBP

Total amount repatriated now stands at $1.48bn, while net liability is now at $1.13bn

Updated 26 Sep, 2023 06:56pm

Business & Economy

Inflation expected to cross 30% in Sept amid spike in POL rates: brokerage house

Headline inflation is expected to cross the 30% level in September, significantly higher than the 27.8% recorded in...

Updated 25 Sep, 2023 05:54pm

Business & Economy

Pakistan committed to fostering ties with global businesses, says caretaker FM

Caretaker Foreign Minister Jalil Abbas Jilani has reaffirmed the interim setup’s commitment to foster partnerships...

Updated 23 Sep, 2023 08:45pm

Business & Economy

Commerce minister anticipates 'good news' on petrol prices on October 1

Gohar Ejaz attributes the rise in inflation to the rupee's declining value

Updated 23 Sep, 2023 08:45pm

Business & Economy

TDAP blames faulty refrigeration for UAE’s meat export restriction on Pakistan

Trade Development Authority of Pakistan (TDAP), the body responsible for facilitating and promoting international...

Updated 22 Sep, 2023 10:34pm

Business & Economy

Caretaker PM Kakar looks to attract US investment on sidelines of UNGA

Says attracting foreign investments in all sectors of Pakistan’s economy remains government’s top priority

Updated 22 Sep, 2023 03:34pm

Business & Economy

PM Kakar meets Rio Tinto CEO to discuss investment opportunities in Pakistan's mining sector

Jakob Stausholm assures the caretaker premier his team will coordinate with relevant authorities to explore business prospects in the country

Published 21 Sep, 2023 09:30pm

Business & Economy

Privatisation process initiated to make govt entities profitable: Fawad

Says caretaker setup is within the mandate entrusted upon by previous elected govt

Published 21 Sep, 2023 08:49pm

Business & Economy

Dr Shamshad shares salient features of draft SOEs policy

Caretaker finance minister says majority of directors on their boards should be independent

Updated 21 Sep, 2023 06:13pm

Business & Economy

Collect more taxes from the wealthy, protect the poor: IMF chief to Pakistan

Remarks come after IMF Managing Director Kristalina Georgieva meets Pakistan's Caretaker Prime Minister Anwaar-ul-Haq Kakar on sidelines of ongoing UNGA session in New York

Updated 21 Sep, 2023 09:48pm

Business & Economy

UAE restricts import of fresh, chilled meat from Pakistan via sea from October 10

Imports via air route, however, will not be affected

Updated 20 Sep, 2023 10:58pm

Business & Economy

SBP awards in-principle approval to 5 digital retail banks

These include HugoBank Limited, KT Bank Pakistan Limited, Mashreq Bank Pakistan Limited, Raqami Islamic Digital Bank Limited and Telenor Microfinance Bank Limited

Updated 20 Sep, 2023 06:40pm

Business & Economy

Caretaker commerce minister, SBP governor discuss export enhancement measures

'Met the esteemed governor SBP to discuss ways and means to increase liquidity of our exporters,' said Ejaz

Updated 20 Sep, 2023 04:19pm

Business & Economy

Downward revision: ADB sees Pakistan’s GDP growth to ‘recover modestly’ to 1.9% in FY24

Prospects closely tied to steadfast and consistent implementation of policy reforms to stabilise economy and rebuild fiscal, external buffers, it says

Updated 20 Sep, 2023 10:56pm

Energy

Pakistan’s power sector circular debt swells to Rs2.31tr in FY23

Despite massive increase in tariff, amount increases Rs57bn during fiscal year

Updated 19 Sep, 2023 08:51pm

Exchange

Pakistan’s REER index down 1.6% MoM in August, now stands at 90.1

Pakistan’s Real Effective Exchange Rate (REER), a measure of the value of a currency against a weighted average of...

Updated 18 Sep, 2023 03:13pm

Business & Economy

Caretaker govt raises petrol price by another Rs26.02, takes it to Rs331.38 per litre

HSD price sees increase of Rs17.34, now stands at Rs329.18 per litre

Updated 16 Sep, 2023 12:21pm

Business & Economy

EC reforms, action against smuggling ‘not contradicting’ IMF conditions: Dr Shamshad

Caretaker finance minister says exchange rate not being manipulated

Updated 15 Sep, 2023 07:05pm

Business & Economy

Pakistan’s flag carrier PIA struggling to pay bills

LAHORE: Pakistan’s national flag carrier admitted Friday it was struggling to pay bills and wages after local media...

Published 15 Sep, 2023 06:08pm

Business & Economy

World Bank’s IFC doubles investment commitments in Pakistan to $1.5bn in FY23

The International Finance Corporation (IFC), a member of the World Bank, committed approximately $1.5 billion in...

Updated 13 Sep, 2023 04:55pm

Cotton & Textile

Asia apparel hubs including Pakistan face $65bn export hit from extreme weather, study shows

Using projections, researchers analyse future heat and flooding levels to estimate what would happen under a "climate adaptive" scenario and a "high heat and flooding" scenario

Updated 13 Sep, 2023 03:51pm

Business & Economy

Pakistan’s remittances clock in at $2.1bn in August, 24% lower YoY

However, inflow 3.1% higher on monthly basis

Updated 11 Sep, 2023 07:55pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 15	278.32
USD PKR Interbank Buying / Apr 15	277.12
USD to Japanese Yen / Apr 15	154.21
USD to Swiss Franc / Apr 15	0.91
Pound Sterling to USD / Apr 15	1.24
Euro to USD / Apr 15	1.06

Stock	Volume
S&P 500 / Apr 15	5061.82
India Sensex / Apr 15	73399.78
Tokyo Nikkei / Apr 15	39232.80
Nasdaq / Apr 15	15885.02
Hang Seng / Apr 15	16600.46
FTSE 100 / Apr 15	7965.53
Dow Jones / Apr 15	37735.11
Germany DAX 30 / Apr 15	18026.58

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 9	21735
Gold 10 Grams PKR / Apr 9	212277
Crude Oil USD/Barrel / Apr 15	85.15
Gold Spot USD/Ounce / Apr 15	2384.07

Gainers
Losers
Leaders

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

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

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

Markets →

Calculate your monthly liability in FY24

Most Popular Articles