Trends - CAD - Business Recorder

CAD

KSE-100 closes with over 500-point gain as investors cheer current account surplus

Corporate results also help market sentiment that has been dented over delay in revival of IMF programme

Updated 20 Apr, 2023 02:59pm

Business & Finance

Realisation of export proceeds: Towel manufacturers criticise SBP circular

KARACHI: Syed Usman Ali, Senior Vice Chairman of Towel Manufacturers Association of Pakistan has expressed deep...

Published 13 Apr, 2023 06:37am

Markets

Overseas workers' remittances up 27.4% MoM, clock in at $2.5bn in March

Inflow highest since August 2022, attributed to Ramadan factor
Cumulative figure for July to March 2022-23 stands at $20.527bn, 10.8% lower year-on-year

Updated 10 Apr, 2023 04:13pm

Markets

SBP raises key policy rate by 100 basis points, takes it to 21%

MPC statement says there are early indications of inflation expectations plateauing, albeit at an elevated level

Updated 04 Apr, 2023 07:32pm

Markets

Rupee continues to fall, settles at 282.3 against US dollar

Currency loses 1.13% against US dollar in inter-bank market

Updated 09 Mar, 2023 06:50pm

Business & Finance

Jul-Jan: C/A falls hugely on import curbs

KARACHI: The country’s current account deficit (CAD) sharply fell by 67 percent during the first seven months of...

Published 21 Feb, 2023 05:57am

Markets

KSE-100 falls over 1% owing to economic uncertainty

Stalemate over IMF programme, rumours of interest rate hike by SBP keep investors on sidelines

Published 20 Feb, 2023 06:59pm

Pakistan

Pakistan’s current account deficit shrinks 90% YoY to $0.24bn in January: SBP

Deficit during 7MFY23 reduces over 67%, clocks in at nearly $3.8bn

Updated 20 Feb, 2023 07:10pm

Markets

Debt reprofiling viable option for Pakistan under IMF watch: report

Arif Habib Limited says Pakistan has a long way to go to address macroeconomic vulnerabilities

Updated 07 Feb, 2023 04:08pm

Policy rate hiked to 17pc to rein in soaring inflation

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) Monday increased the key policy ...

Updated 24 Jan, 2023 09:05am

Markets

SBP raises key interest rate by 100bps, takes it to 17% — a 25-year high

Governor SBP Jameel Ahmad announces decision at press briefing following the meeting

Updated 23 Jan, 2023 10:04pm

Markets

Current account deficit recorded at $0.4 billion in Dec 2022: SBP

Deficit for 6MFY23 stands at $3.67 billion, compared with $9.09 billion in the same period of the previous year

Published 18 Jan, 2023 09:23pm

World

Citi cuts India current account deficit forecast to below 3% of GDP

MUMBAI: Citigroup lowered its projection for India’s current account deficit (CAD) to 2.9% of gross domestic product...

Published 04 Jan, 2023 05:39pm

Pakistan

Floods, political instability have taken heavy toll on economy: experts

KARACHI: The economic outlook of the country has deteriorated significantly owing to the floods and political...

Published 03 Jan, 2023 03:25am

Markets

Arif Habib Limited expects KSE-100's recovery in 2023

Despite a poor show in 2022, one of Pakistan’s prominent brokerage houses expects the benchmark KSE-100 Index to...

Updated 02 Jan, 2023 03:42pm

Opinion

2023: Disappointments & hopes

Year 2022 is bidding farewell to Pakistan leaving behind some unpleasant memories, natural disaster in the form of...

Updated 30 Dec, 2022 06:45am

Business & Finance

SBP lowers FY23 growth forecast

KARACHI: Taking into account the destruction caused by floods and the policy focus on stabilization, the State Bank...

Published 22 Dec, 2022 05:57am

Around 6pc growth: What did FY22 experience bring to the fore?

KARACHI: Pakistan’s economy achieved a real GDP growth of around 6 percent, for a second consecutive year in FY22,...

Updated 22 Dec, 2022 09:42am

Markets

Pakistan's GDP growth projected to remain below 3–4% in FY23, says SBP

Central bank releases Annual Report on The State of Pakistan's Economy

Updated 21 Dec, 2022 08:01pm

Pakistan

Challenging road ahead: Pakistan's economic growth projected to slow down to 2.1%: report

EFG Hermes says political uncertainty will dent country's economic outlook

Updated 25 Nov, 2022 06:12pm

Editorials

CAD: welcome decline

EDITORIAL: Pakistan’s current account deficit (CAD) has fallen sharply by 47 percent during the first four months...

Published 24 Nov, 2022 04:28am

Business & Finance

Lower imports: Jul-Oct CAD plummets 47pc YoY

KARACHI: The country’s current account deficit fell sharply by 47 percent during the first four months of this...

Published 22 Nov, 2022 03:23am

Markets

Rupee continues to fall, settles at 223.66 against US dollar

Currency has lost Rs2.24 or 1% against the greenback in the last seven trading sessions

Updated 21 Nov, 2022 09:28pm

Markets

Pakistan's current account deficit clocks in at $567mn in October

Increases 56% on month-on-month basis
Deficit for July-October period, however, is nearly 47% lower on year-on-year basis

Updated 21 Nov, 2022 10:37pm

Pakistan

Dar looks to calm nerves, says Pakistan will not default on bond payments

Finance minister reiterates country will meet international payment obligations, also dismisses rumours of looming fuel shortage

Updated 19 Nov, 2022 07:18pm

Business & Finance

Monetary policy: market expects no change in key interest rate

SBP is currently scheduled to announce monetary policy on Nov 25 (Friday)

Updated 17 Nov, 2022 09:25pm

Opinion

Candy-coated delusions

After being kicked out by the PDM (Pakistan Democratic Movement) government, former Finance Minister Miftah...

Published 12 Oct, 2022 05:46am

BR Research

CAD in control

The current account deficit is coming under control. This was expected. The transmission of tightening policies...

Published 27 Sep, 2022 08:56am

Business & Finance

Net FDI falls over 26% in first two months of FY23

Net Foreign Direct Investment (FDI) in Pakistan fell 26.1% during the first two months of the ongoing fiscal year...

Published 22 Sep, 2022 12:06pm

Pakistan

Floods could shrink Pakistan's GDP growth to 2.49% in FY23: AHL

Brokerage house's research wing says annual average CPI reading to hit 19.7% in FY23 against earlier estimate of 18.6%

Published 29 Aug, 2022 05:54pm

Gainers
Losers
Leaders

Stock	Price
Power Cem(Pref) / Jun 10 Power Cement (Pref)(POWERPS)	6 ▲ 1.00 (20.00%)
Pak Gulf Leasing / Jun 10 Pak-Gulf Leasing Company Limited(PGLC)	7.55 ▲ 1.00 (15.27%)
PICIC Ins.Ltd. / Jun 10 PICIC Insurance Limited(PIL)	0.68 ▲ 0.09 (15.25%)
Sindh Modaraba / Jun 10 Sindh Modaraba(SINDM)	8.20 ▲ 1.00 (13.89%)
Sec. Inv. Bank / Jun 10 Security Investment Bank Limited(SIBL)	5.50 ▲ 0.54 (10.89%)
Hala Enterprise / Jun 10 Hala Enterprises Limited(HAEL)	7.05 ▲ 0.65 (10.16%)
Merit Packaging / Jun 10 Merit Packaging Limited(MERIT)	8.80 ▲ 0.79 (9.86%)
Popular Islamic / Jun 10 Popular Islamic Modaraba(PIM)	10.95 ▲ 0.96 (9.61%)
Next Capital / Jun 10 Next Capital Limited(NEXT)	5.44 ▲ 0.45 (9.02%)
Ist.Dawood Bank / Jun 10 First Dawood Investment Bank Limited(FDIBL)	1.70 ▲ 0.14 (8.97%)

Stock	Price
Mod. Al-Mali (R) / Jun 10 Modaraba Al-Mali R(MODAMR1)	0.23 ▼ -0.25 (-52.08%)
F.Treet Manuf / Jun 10 First Treet Manufacturing Modaraba(FTMM)	5.36 ▼ -1.00 (-15.72%)
HBL Invest Fund / Jun 10 HBL Investment Fund(HIFA)	1.38 ▼ -0.22 (-13.75%)
Service Textile / Jun 10 Service Industries Textiles Limited(SERT)	6.50 ▼ -0.70 (-9.72%)
Tariq Corp.Pref. / Jun 10 Tariq Corporation Limited-Preference Shares(TCORPCPS)	9.49 ▼ -1.00 (-9.53%)
United Brands / Jun 10 United Brands Limited(UBDL)	10.20 ▼ -0.94 (-8.44%)
EFG Hermes Pak / Jun 10 EFG Hermes Pakistan Limited(EFGH)	11.50 ▼ -0.98 (-7.85%)
First IBL Mod. / Jun 10 First IBL Modaraba(FIBLM)	2.60 ▼ -0.22 (-7.80%)
Allawasaya Tex / Jun 10 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	2764 ▼ -224.00 (-7.50%)
Ellcot Spinning / Jun 10 Ellcot Spinning Mills Limited(ELSM)	97.52 ▼ -7.91 (-7.50%)

Stock	Volume
Unity Foods Ltd / Jun 10 Unity Foods Limited(UNITY)	28,723,523 ▲ 0.24
TPL Properties / Jun 10 TPL Properties Limited(TPLP)	19,470,263 ▲ 0.38
WorldCall Telecom / Jun 10 Worldcall Telecom Limited(WTL)	17,617,018 ▲ 0.01
Faysal Bank / Jun 10 Faysal Bank Limited(FABL)	10,414,954 ▲ 1.25
Hascol Petrol / Jun 10 Hascol Petroleum Limited(HASCOL)	9,814,500 ▲ 0.23
Pak Refinery / Jun 10 Pakistan Refinery Limited(PRL)	9,600,621 ▼ -0.04
P.I.A.C.(A) / Jun 10 Pakistan International Airlines Corp(PIAA)	8,850,500 ▲ 0.02
Pak Int.Bulk / Jun 10 Pakistan International Bulk Terminal(PIBTL)	6,660,000 ▲ 0.12
Fauji Foods Ltd / Jun 10 Fauji Foods Limited(FFL)	6,382,956 ▲ 0.01
Telecard Limited / Jun 10 Telecard Limited(TELE)	5,453,799 ▲ 0.15

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 9	286.95
USD PKR Interbank Buying / Jun 9	286.80
USD to Japanese Yen / Jun 9	139.36
USD to Swiss Franc / Jun 9	0.90
Pound Sterling to USD / Jun 9	1.25
Euro to USD / Jun 9	1.08
UK LIBOR % / Jun 8	5.07

Stock	Volume
S&P 500 / Jun 8	4293.93
Nasdaq / Jun 8	13238.52
Dow Jones / Jun 8	33833.61
India Sensex / Jun 9	62625.63
Tokyo Nikkei / Jun 9	32198.70
Hang Seng / Jun 9	19359.13
FTSE 100 / Jun 9	7602.26
Germany DAX 30 / Jun 9	15981.08
France CAC40 / Jun 9	7223.38

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 8	20235
Gold 10 Grams PKR / Jun 8	194616
Crude Oil USD/Barrel / Jun 9	70.85
Gold Spot USD/Ounce / Jun 9	1963.16
Cotton US¢/pound / Jun 9	81.53

CAD

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