Trends - current account deficit

current account deficit

Miftah asks multinationals to present export plan in exchange for tax breaks

Finance minister says that with positive IMF talks underway, an economic turnaround is expected very soon

Published 20 May, 2022 11:53am

Business & Finance

Ban on luxury items: Business community doubtful about outcomes

KARACHI: The leadership of Businessmen Group (BMG), while referring to FBR’s recommendations to impose ban on...

Published 20 May, 2022 05:15am

Opinion

Economy: it now is a matter of urgency

How ironic it is that the rupee has been falling against the US dollar consistently. According to noted economists,...

Published 19 May, 2022 05:29am

Business & Finance

External debt, C/A deficit termed daunting economic issues

ISLAMABAD: Pakistan’s external debt and current account deficit are the biggest economic issues and require...

Published 17 May, 2022 06:28am

Business & Finance

FPCCI says economic conditions have never been worse

LAHORE: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Irfan Iqbal Sheikh has said that...

Published 16 May, 2022 05:42am

Pakistan

Urgent steps needed to take country out of the woods: business leaders

KARACHI: Chairman of the National Business Group Pakistan and President of Pakistan Businessmen and Intellectuals...

Published 15 May, 2022 05:35am

April remittances from workers hit record high

KARACHI: Workers’ remittances continued to post strong growth and the country received the highest-ever $3.1 billion...

Updated 14 May, 2022 10:06am

Business & Finance

Govt urged to take clear stance on economy

KARACHI: Chairman of National Business Group Pakistan and President Pakistan Businessmen and Intellectuals Forum ...

Published 13 May, 2022 05:59am

Markets

SBP-held foreign exchange reserves fall another $190mn, now stand at $10.31bn

Total reserves held by Pakistan stand at $16.38bn

Published 12 May, 2022 10:36pm

Opinion

A fiscal quagmire?

A few days ago, Ministry of Finance released the details of fiscal operations covering three quarters Jul-Mar...

Published 11 May, 2022 04:58am

IMF asks govt to bring C/A deficit under control

DUBAI: The International Monetary Fund has urged Pakistan to bring its current account deficit under control, an...

Updated 28 Apr, 2022 11:07am

Pakistan

IMF says Pakistan needs to reduce its current account deficit

Fund official says team will assess policy priorities of the new government and economic impact in the context of the war in Ukraine

Updated 27 Apr, 2022 06:26pm

BR Research

Petroleum pricing: try cross subsidy

Energy sector is the biggest concern for the newly formed government. The commodity prices are in a super cycle....

Updated 28 Apr, 2022 11:14am

Opinion

Moving forward

Political uncertainty comes at a time when the macro numbers are beginning to deteriorate. This could pose serious...

Published 26 Apr, 2022 05:20am

BR Research

Trials and tribulations of CAD

The current account deficit is slowly coming down. The toll stood at $1.0 billion in Mar-22 as compared to the...

Published 25 Apr, 2022 08:11am

March C/A deficit increases 98pc to $1.028bn MoM

KARACHI: Pakistan’s current account deficit has increased to $1.028 billion in the month of March 2022 as compared...

Published 24 Apr, 2022 05:36am

Markets

Pakistan's current account deficit clocks in at $1.03bn in March

Increases massive 179% on a year-on-year basis, 98% on a monthly basis
9MFY22 CAD amounts to $13.17bn

Updated 23 Apr, 2022 07:23pm

Pakistan

Rupee-dollar value can be stable with right economic direction: Ishaq Dar

Former finance minister, in interview with Aaj News, says letting the dollar 'free' has been the 'mother of all evils'

Updated 14 Apr, 2022 09:03am

Business & Finance

Indus Motor Company suspends bookings of all Toyota vehicles in Pakistan

Says currency volatility reason behind decision

Published 08 Apr, 2022 01:16am

Pakistan

Moody's sees no-confidence motion as 'credit negative' for Pakistan

Expects current account deficit to widen to 5-6% of GDP in fiscal 2022 compared with its previous forecast of 4%

Updated 31 Mar, 2022 03:39pm

Opinion

External vulnerability index of countries

An External Vulnerability Index (EVI) has been constructed perhaps for the first time to highlight the variation in...

Published 29 Mar, 2022 05:49am

BR Research

CAD roundup: 8MFY22

Current Account Deficit (CAD) stood at $0.5 billion in Feb-22 as against $2.5 billion in the previous month – a...

Updated 21 Mar, 2022 09:41am

Timely actions helped contain deficit: PM

ISLAMABAD: Prime Minister Imran Khan has said the government’s timely actions to contain the current account...

Updated 20 Mar, 2022 09:01am

Business & Finance

Pakistan's current account deficit reduces massively to $545mn in February

Registers 78% decline month-on-month after clocking in at $2.53 billion in January

Updated 19 Mar, 2022 05:52pm

Business & Finance

KCCI says it’s concerned at protracted PKR slide

KARACHI: Karachi Chamber of Commerce & Industry (KCCI) president Muhammad Idrees, while expressing deep concerns...

Published 19 Mar, 2022 04:42am

Pakistan

PTI govt has destroyed economy: Ghani

ISLAMABAD: Sindh Information and Labour Minister Saeed Ghani claimed that Prime Minister Imran Khan has destroyed ...

Published 17 Mar, 2022 04:53am

Business & Finance

IMF should have no concerns on relief package, says Tarin

Federal Minister for Finance & Revenue says reducing petroleum and electricity prices will not add to country's fiscal deficit

Updated 09 Mar, 2022 07:34pm

Markets

Roshan Digital Account: cumulative inflows reach $3.63bn

Published 08 Mar, 2022 10:25am

Business & Finance

Monetary Policy Statement on 8th

KARACHI: The State Bank of Pakistan (SBP) will issue the Monetary Policy Statement on March 8, 2022. The Monetary...

Updated 05 Mar, 2022 11:59am

Pakistan

‘CAD chronicles’: SBP clarification

KARACHI: The following is the full text of a clarification by State Bank of Pakistan (SBP): “In an article...

Published 01 Mar, 2022 05:34am

Gainers
Losers
Leaders

Stock	Price
First Pak Mod. / May 21 First Pak Modaraba(PAKMI)	3.30 ▲ 0.90 (37.50%)
B. F. Mod. / May 21 B.F. Modaraba(BFMOD)	7.00 ▲ 1.00 (16.67%)
Paramount Mod / May 21 First Paramount Modaraba(FPRM)	8.99 ▲ 0.99 (12.38%)
S.G.Power / May 21 S.G. Power Limited(SGPL)	4.99 ▲ 0.47 (10.40%)
Pak Gen.Ins. / May 21 The Pakistan General Insurance Co. Ltd.(PKGI)	10.99 ▲ 0.91 (9.03%)
Flying Cement / May 21 Flying Cement Company Limited(FLYNG)	8.10 ▲ 0.64 (8.58%)
Pak Engineering / May 21 Pakistan Engineering Company Limited(PECO)	279.50 ▲ 19.50 (7.50%)
Sapphire Fib. / May 21 Sapphire Fibres Limited(SFL)	1099.72 ▲ 76.72 (7.50%)
Dadex Eternit / May 21 Dadex Eternit Limited(DADX)	73.09 ▲ 5.09 (7.49%)
Maqbool Tex. / May 21 Maqbool Textile Mills Limited(MQTM)	64.12 ▲ 4.47 (7.49%)

Stock	Price
Ask.Gen.Insur. / May 21 Askari General Insurance Company Limited(AGIC)	18.06 ▲ -2.73 (-13.13%)
Oilboy Energy / May 21 Oilboy Energy Limited(OBOY)	10.35 ▲ -1.39 (-11.84%)
Sakrand Sugar / May 21 Sakrand Sugar Mills Limited(SKRS)	8.25 ▲ -0.79 (-8.74%)
Punjab Mod / May 21 First Punjab Modaraba(FPJM)	1.64 ▲ -0.15 (-8.38%)
Service Textile / May 21 Service Industries Textiles Limited(SERT)	10.00 ▲ -0.90 (-8.26%)
TPL Insurance / May 21 TPL Insurance Limited(TPLI)	30.63 ▲ -2.48 (-7.49%)
AL-Noor Sugar / May 21 Al-Noor Sugar Mills Limited(ALNRS)	57.50 ▲ -4.36 (-7.05%)
Shield Corp. / May 21 Shield Corporation Limited(SCL)	235.50 ▲ -16.50 (-6.55%)
Dynea Pakistan / May 21 Dynea Pakistan Limited(DYNO)	150.13 ▲ -9.87 (-6.17%)
Bal. Wheel / May 21 Baluchistan Wheels Limited(BWHL)	73.85 ▲ -4.78 (-6.08%)

Stock	Volume
K-Electric Ltd. / May 21 K-Electric Limited(KEL)	18,994,000 ▼ 0.00
Silk Bank Ltd / May 21 Silkbank Limited(SILK)	16,885,500 ▼ 0.00
Pak Elektron / May 21 Pak Elektron Limited(PAEL)	16,358,000 ▼ 0.00
Pak Refinery / May 21 Pakistan Refinery Limited(PRL)	12,930,788 ▼ 0.00
WorldCall Telecom / May 21 Worldcall Telecom Limited(WTL)	12,253,500 ▼ 0.00
Waves Singer / May 21 Waves Singer Pakistan Limited(WAVES)	6,934,500 ▼ 0.00
Fauji Foods Ltd / May 21 Fauji Foods Limited(FFL)	6,538,000 ▼ 0.00
Cnergyico PK / May 21 Cnergyico PK Limited(CNERGY)	5,919,271 ▼ 0.00
Fauji Cement / May 21 Fauji Cement Company Limited(FCCL)	5,880,500 ▼ 0.00
Ghani Glo Hol / May 21 Ghani Global Holdings Limited(GGL)	5,477,638 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 20	200.20
USD PKR Interbank Buying / May 20	199.80
USD to Japanese Yen / May 20	128.12
USD to Swiss Franc / May 20	0.97
Pound Sterling to USD / May 20	1.24
Euro to USD / May 20	1.06
UK LIBOR % / May 20	0.82

Stock	Volume
S&P 500 / May 20	3900.79
India Sensex / May 20	52792.23
Tokyo Nikkei / May 20	26673.91
Nasdaq / May 20	11388.50
Hang Seng / May 20	20581.03
FTSE 100 / May 20	7302.74
Dow Jones / May 20	31253.13
Germany DAX 30 / May 20	13882.30
France CAC40 / May 20	6272.71

Item	Value
Crude Oil / May 20	112.00
Karachi Cotton Assoc. / May 20	21180.00
Gold 10 Grams / May 20	113300.00
Gold Spot / May 20	1838.55
Cotton / May 20	128.58

current account deficit

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