Trends - Balance of Payments - Business Recorder

Balance of Payments

Friendly delay ‘last hurdle’ to IMF bailout

Finance Minister Ishaq Dar says several countries had made commitments to support Pakistan during previous International Monetary Fund reviews

Updated 17 Mar, 2023 09:18am

Opinion

Monetary-fiscal history of Latin America: lessons for Pakistan

Pakistan today suffers from significant macroeconomic instability, high inflation, a currency crisis and a risk of a...

Published 06 Mar, 2023 06:43am

Opinion

State of the economy

The first six months of 2022-23 have witnessed considerable uncertainty about country’s economic prospects. ...

Published 31 Jan, 2023 06:01am

Oil purchases from Russia: Payments will be in currencies of ‘friendly’ states

Russia’s energy minister says both sides have drafted an agreement to sort out issues like transportation, insurance, payments and loadings

Updated 21 Jan, 2023 08:58am

Business & Finance

APTMA squashes industry closure rumours

KARACHI: All Pakistan Textile Mills Association (APTMA) has strongly rejected the fake reports regarding the closure...

Published 27 Dec, 2022 06:07am

Business & Finance

Textile value chain: APTMA demands restoration of ‘zero rating’

KARACHI: All Pakistan Textile Association (APTMA) has urged the federal government for immediate restoration of...

Updated 08 Dec, 2022 09:11am

Business & Finance

Remittances may drop by 7.4pc to $29bn: World Bank

ISLAMABAD: Remittances are expected to drop by 7.4 percent to $29 billion in 2022 from $31 billion in 2021, as loss...

Updated 02 Dec, 2022 10:21am

Opinion

Imbalanced balance of payments

There has been appreciation of the success achieved in bringing down the current account deficit in the external...

Published 29 Nov, 2022 06:36am

Opinion

Emerging economic stability

The balance of payments (BOP) for the first quarter Jul-Sep is encouraging for the stability of the economy. There...

Published 26 Oct, 2022 05:52am

Opinion

Old wine in old bottles

Reports indicate that Ishaq Dar’s selling point in being reappointed as the country’s finance minister for the...

Published 03 Oct, 2022 06:16am

Opinion

Emerging economic trends

We have nearly full data for the first two months of the fiscal year. The level of expenditures, tax collections,...

Published 28 Sep, 2022 05:51am

Opinion

FY2022-23: Balance of payments

The continuing turmoil in the forex market is a bewildering experience with no parallel in the country’s history....

Published 21 Sep, 2022 05:57am

Opinion

FY2022-23: IMF’s BoP projections

The much-awaited staff report of the IMF (International Monetary Fund) on the seventh and eighth reviews was ...

Published 06 Sep, 2022 04:08am

Opinion

A drifting economy

It is quite distressful to see the nascent economic recovery ceding way to the same uncertainty and drift that...

Published 01 Sep, 2022 05:50am

Opinion

A fragile BoP

The statistics on the balance of payments (BoP) of Pakistan have been released recently by the State Bank of ...

Published 30 Aug, 2022 06:21am

Editorials

Need to keep remittances elevated

EDITORIAL: After the good news of imports dropping almost 40pc month-on-month in July comes the bad news of...

Published 21 Aug, 2022 05:16am

Lower energy demand, oil prices: Miftah says BoP surplus ‘imminent’

KARACHI: Federal Minister for Finance and Revenue, Dr. Miftah Ismail has said the balance of payments position is ...

Updated 11 Aug, 2022 09:50am

Editorials

POL price challenge

EDITORIAL: The government is said to be mulling changing the pricing mechanism for petroleum products. The immediate...

Published 11 Aug, 2022 04:35am

Pakistan

Govt likely to sign PTA with Turkey on 12th

KARACHI: The Government of Pakistan is expected to sign a Preferential Trade Agreement (PTA) with Turkey on the 12th...

Published 09 Aug, 2022 03:37am

Editorials

Planning minister makes a valid point

EDITORIAL: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal has come up with a ...

Published 09 Aug, 2022 03:37am

Markets

Critical level: SBP-held foreign exchange reserves fall to $8.39bn

Reserves decreased by another $190mn due to external debt and other payments

Published 04 Aug, 2022 07:34pm

Opinion

‘Future ain’t what it used to be’

If political and economic crises feeding off of and into each other tend to characterize the last gasps of dying...

Updated 04 Aug, 2022 11:47am

Opinion

Unsustainable BoP

The State Bank of Pakistan (SBP) has just released the numbers on the external balance of payments (BoP) position ...

Published 02 Aug, 2022 05:36am

Editorials

Missing the window

EDITORIAL: Pakistan’s performance during the pandemic was impressive by any standards, but it can’t get any...

Published 29 Jul, 2022 06:14am

Opinion

Agreement with the IMF

The IMF staff and the Pakistani authorities have finally reached a staff-level agreement on the 14th of July on...

Published 19 Jul, 2022 06:00am

Opinion

‘Effective’ energy allocation for export growth

Pakistan’s immense economic potential will remain elusive as long as the most productive sectors that enable...

Published 07 Jul, 2022 05:35am

Opinion

How can Pakistan avoid Sri Lanka’s path?

Pakistan continues to burn its foreign exchange at an alarming rate and is exhausting all of its hopes to turn ...

Published 29 Jun, 2022 05:44am

Business & Finance

Banning import of luxury items: MoC seeks proposals from stakeholders

ISLAMABAD: Commerce Ministry has sought proposals from business community and general public with respect to recent...

Published 22 May, 2022 06:03am

Business & Finance

EFP proposes measures to lift country out of economic quagmire

KARACHI: President, Employers’ Federation of Pakistan(EFP) has suggested to the government a comprehensive ...

Published 18 May, 2022 05:54am

Opinion

Economic and political instability

‘“Only a crisis — actual or perceived — produces real change. When the crisis occurs, the actions that are...

Published 08 Apr, 2022 05:28am

Gainers
Losers
Leaders

Stock	Price
Kohinoor Power / Mar 31 Kohinoor Power Company Limited(KOHP)	4.38 ▲ 0.63 (16.80%)
Reliance Ins. / Mar 31 Reliance Insurance Company Limited(RICL)	6.31 ▲ 0.52 (8.98%)
Soneri Bank Ltd / Mar 31 Soneri Bank Limited(SNBL)	9.28 ▲ 0.76 (8.92%)
Asim Textile / Mar 31 Asim Textile Mills Limited(ASTM)	6.48 ▲ 0.53 (8.91%)
Pak Int.Bulk / Mar 31 Pakistan International Bulk Terminal(PIBTL)	4.06 ▲ 0.30 (7.98%)
Bata (Pak) / Mar 31 Bata Pakistan Limited(BATA)	2084.87 ▲ 145.45 (7.50%)
Pak Engineering / Mar 31 Pakistan Engineering Company Limited(PECO)	325.40 ▲ 22.70 (7.50%)
Shield Corp. / Mar 31 Shield Corporation Limited(SCL)	303.15 ▲ 21.15 (7.50%)
Towellers Ltd. / Mar 31 Towellers Limited(TOWL)	251.46 ▲ 17.54 (7.50%)
Janana D Mal / Mar 31 Janana De Malucho Textile Mills Limited(JDMT)	44.42 ▲ 3.09 (7.48%)

Stock	Price
Samba Bank / Mar 31 Samba Bank Limited(SBL)	6.75 ▼ -0.85 (-11.18%)
Equity Modaraba / Mar 31 First Equity Modaraba(FEM)	6.10 ▼ -0.50 (-7.58%)
AL-Ghazi Tractors / Mar 31 Al-Ghazi Tractors Limited(AGTL)	270.73 ▼ -21.95 (-7.50%)
Philip Morris Pak. / Mar 31 Philip Morris (Pakistan) Limited(PMPK)	426.43 ▼ -34.57 (-7.50%)
Tri-Pack Films / Mar 31 Tri-Pack Films Limited(TRIPF)	126 ▼ -10.14 (-7.45%)
Dawood Lawrencepur / Mar 31 Dawood Lawrencepur Limited(DLL)	210 ▼ -15.90 (-7.04%)
Agriautos Ind. / Mar 31 Agriauto Industries Limited(AGIL)	60.50 ▼ -4.50 (-6.92%)
Data Textile / Mar 31 Data Textiles Limited(DATM)	3 ▼ -0.21 (-6.54%)
Supernet Ltd. / Mar 31 Supernet Limited(GEMSPNL)	10.28 ▼ -0.62 (-5.69%)
St.Chart.Bank / Mar 31 Standard Chartered Bank (Pak) Ltd(SCBPL)	19.73 ▼ -1.11 (-5.33%)

Stock	Volume
Pak Int.Bulk / Mar 31 Pakistan International Bulk Terminal(PIBTL)	7,653,000 ▲ 0.30
Pak Elektron / Mar 31 Pak Elektron Limited(PAEL)	6,236,000 ▲ 0.42
Telecard Limited / Mar 31 Telecard Limited(TELE)	6,211,500 ▼ -0.18
Engro Corp / Mar 31 Engro Corporation Limited(ENGRO)	5,429,492 ▼ -2.64
WorldCall Telecom / Mar 31 Worldcall Telecom Limited(WTL)	4,946,279 ▲ 0.00
Pakgen Power / Mar 31 Pakgen Power Limited(PKGP)	4,420,500 ▲ 1.50
Hascol Petrol / Mar 31 Hascol Petroleum Limited(HASCOL)	4,408,500 ▲ 0.25
Agha Steel Ind. / Mar 31 Agha Steel Ind.Ltd(AGHA)	3,689,500 ▲ 0.15
K-Electric Ltd. / Mar 31 K-Electric Limited(KEL)	3,544,144 ▲ 0.02
Oil & Gas Dev. / Mar 31 Oil & Gas Development Company Limited(OGDC)	3,343,193 ▼ -0.33

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 31	283.85
USD PKR Interbank Buying / Mar 31	283.65
USD to Japanese Yen / Mar 31	132.94
USD to Swiss Franc / Mar 31	0.91
Pound Sterling to USD / Mar 31	1.24
Euro to USD / Mar 31	1.09
UK LIBOR % / Mar 30	4.81

Stock	Volume
S&P 500 / Mar 30	4050.83
Nasdaq / Mar 30	12013.47
FTSE 100 / Mar 30	7620.43
Dow Jones / Mar 30	32859.03
Germany DAX 30 / Mar 30	15522.40
France CAC40 / Mar 30	7263.37
India Sensex / Mar 31	58640.64
Tokyo Nikkei / Mar 31	28047.34
Hang Seng / Mar 31	20427.56

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 30	18935
Gold 10 Grams PKR / Mar 30	178241
Crude Oil USD/Barrel / Mar 31	74.31
Gold Spot USD/Ounce / Mar 31	1979.09
Cotton US¢/pound / Mar 31	83.42

Balance of Payments

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