Trends - current account deficit

current account deficit

The macroeconomic mismanagement

EDITORIAL: There is mounting evidence of macroeconomic mismanagement coupled with a failure to proactively formulate...

Updated 29 Mar, 2023 07:07am

Business & Finance

Brazil reports lower than expected current account deficit in Feb

BRASILIA: Brazil posted a lower-than-expected current account deficit in February, showed central bank data on...

Published 28 Mar, 2023 06:21am

BR Research

Current account in forceful balance

The current account was almost hung in the balance last month. The outcome is not natural but forced through import...

Updated 21 Mar, 2023 11:52am

Business & Finance

Jul-Feb CA declines 68pc YoY

KARACHI: The country’s current account deficit narrowed by 68 percent during the first eight months of this fiscal...

Published 21 Mar, 2023 06:29am

Business & Finance

Budget deficit: PIAF calls for controlling govt expenditure, high cost of debt servicing

LAHORE: The Pakistan Industrial and Traders Association Front (PIAF) has called for keeping check on government...

Published 12 Mar, 2023 05:55am

Policy rate hiked by 300bps to 20pc to tame inflation

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

Updated 03 Mar, 2023 08:53am

MPC to meet today

KARACHI: The emergent meeting of the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will be ...

Updated 02 Mar, 2023 09:13am

Editorials

No good news on the horizon

EDITORIAL: Moody’s Investors Service further downgraded Pakistan’s local and foreign currency issuer and senior...

Updated 02 Mar, 2023 06:44am

MoF says inflation likely to remain high in coming months

ISLAMABAD: Inflation is expected to remain high in the coming months around 28 to 30 percent consequent to uncertain...

Updated 01 Mar, 2023 09:06am

Editorials

The floundering economy

EDITORIAL: Current account deficit has declined 67 percent to 3.8 billion dollars (July-January 2022-23) against...

Published 27 Feb, 2023 06:17am

Opinion

Let’s tighten our belts for one year: all will be well

There comes a time in almost any life, when one has to tighten one’s belt and rein in one’s consumption, for the...

Updated 23 Feb, 2023 06:14am

BR Research

Current account manageable…

The current account deficit has reduced to $242 million in Jan-23- lowest in twenty-one months. The deficit is down...

Updated 21 Feb, 2023 11:34am

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

Opinion

Who has cost Pakistan more?

The blame game for the prevailing deep economic crisis continues with only one out of the three national parties,...

Published 20 Feb, 2023 06:26am

Markets

Govt projection of achieving $3bn current account surplus in FY23 ‘unrealistic’: PBC

The Ministry of Finance's prediction of achieving a surplus current account by the end of the ongoing fiscal year...

Published 06 Feb, 2023 03:22pm

BR Research

Petroleum consumption overview

Up till last year, there were two ways to look at growing petroleum sales in Pakistan. The rising consumption of...

Published 02 Feb, 2023 08:40am

Country needs to repay $3bn debt in five months: SBP

KARACHI: Governor State Bank of Pakistan (SBP) Jameel Ahmad has said that Pakistan is out of default as major...

Updated 24 Jan, 2023 08:52am

C/A deficit dips 60pc in H1FY23 on lower imports

KARACHI: The country’s current account deficit declined sharply 60 percent during the first half of this fiscal year...

Updated 19 Jan, 2023 08:42am

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

Business & Finance

0.15m less containers arrived in Jul-Dec: FBR

ISLAMABAD: A total of 0.55 million containers of importable goods/ commodities have reached Pakistan during the...

Updated 11 Jan, 2023 08:54am

Opinion

Pakistan: a state and its citizens in state of denial – I

On December 16, 2021 at a seminar at Hamdard University where Dr Miftah Ismail, who later became country’s finance...

Published 04 Jan, 2023 06:02am

Business & Finance

India’s current account gap widens to 9-year high

MUMBAI: India’s current account deficit widened in the July-September quarter as high commodity prices and a weak...

Published 29 Dec, 2022 06:18pm

BR Research

Telecoms: the year ahead

After navigating a tough year in increasingly challenging operating conditions, what lies ahead for the country’s...

Published 23 Dec, 2022 08:46am

Business & Finance

FPCCI inks trade cooperation pact with Cyprus Chamber

KARACHI: Irfan Iqbal Sheikh, President FPCCI, has said the federation and Cyprus Chamber of Commerce & Industry...

Published 17 Dec, 2022 05:58am

Business & Finance

Jul-Nov CAD shrinks 57pc YoY

KARACHI: The country’s current account deficit shrank 57 percent during the first five months of this fiscal year...

Updated 17 Dec, 2022 09:54am

Pakistan

Pakistan’s current account deficit shrinks to $0.28bn in November: SBP

Pakistan’s current account deficit (CAD) shrank by more than 50 percent during the first five months of this ...

Published 16 Dec, 2022 11:02pm

FX reserves may rise in H2FY23: All debt repayments on track, says SBP governor

KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad Thursday said all debt repayments are on track and the...

Updated 09 Dec, 2022 09:30am

Markets

Pakistan's debt repayment situation completely under control: SBP governor

During SBP's podcast, Jameel Ahmad says all upcoming obligations will be met on schedule, reserves' position to improve in second half of ongoing fiscal year

Updated 08 Dec, 2022 10:59pm

Gainers
Losers
Leaders

Stock	Price
Kohinoor Power / Mar 31 Kohinoor Power Company Limited(KOHP)	4.38 ▲ 0.63 (16.80%)
PICIC Ins.Ltd. / Mar 31 PICIC Insurance Limited(PIL)	0.69 ▲ 0.08 (13.11%)
Supernet Ltd. / Mar 31 Supernet Limited(GEMSPNL)	11.90 ▲ 1.00 (9.17%)
Asim Textile / Mar 31 Asim Textile Mills Limited(ASTM)	6.48 ▲ 0.53 (8.91%)
Bata (Pak) / Mar 31 Bata Pakistan Limited(BATA)	2084.87 ▲ 145.45 (7.50%)
Khyber Tex. / Mar 31 Khyber Textile Mills Limited(KHYT)	427.22 ▲ 29.80 (7.50%)
Pak Engineering / Mar 31 Pakistan Engineering Company Limited(PECO)	325.40 ▲ 22.70 (7.50%)
Janana D Mal / Mar 31 Janana De Malucho Textile Mills Limited(JDMT)	44.42 ▲ 3.09 (7.48%)
Sindh Abadgar / Mar 31 Sindh Abadgar's Sugar Mills Limited(SASML)	14.50 ▲ 1.00 (7.41%)
Popular Islamic / Mar 31 Popular Islamic Modaraba(PIM)	8.75 ▲ 0.60 (7.36%)

Stock	Price
Pak Gulf Leasing / Mar 31 Pak-Gulf Leasing Company Limited(PGLC)	5.31 ▼ -0.89 (-14.35%)
Samba Bank / Mar 31 Samba Bank Limited(SBL)	6.75 ▼ -0.85 (-11.18%)
Pak Gen.Ins. / Mar 31 The Pakistan General Insurance Co. Ltd.(PKGI)	3.96 ▼ -0.49 (-11.01%)
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%)
Khairpur / Mar 31 Khairpur Sugar Mills Limited(KPUS)	67.26 ▼ -5.41 (-7.44%)
Dawood Lawrencepur / Mar 31 Dawood Lawrencepur Limited(DLL)	210 ▼ -15.90 (-7.04%)
Bunnys Limited / Mar 31 Bunnys Limited(BNL)	15.81 ▼ -1.19 (-7.00%)

Stock	Volume
Pak Int.Bulk / Mar 31 Pakistan International Bulk Terminal(PIBTL)	12,120,000 ▲ 0.26
Pak Elektron / Mar 31 Pak Elektron Limited(PAEL)	6,523,000 ▲ 0.36
Telecard Limited / Mar 31 Telecard Limited(TELE)	6,211,500 ▼ -0.18
Engro Corp / Mar 31 Engro Corporation Limited(ENGRO)	5,429,492 ▼ -4.49
WorldCall Telecom / Mar 31 Worldcall Telecom Limited(WTL)	4,946,279 ▲ 0.00
Hascol Petrol / Mar 31 Hascol Petroleum Limited(HASCOL)	4,863,500 ▲ 0.20
Pakgen Power / Mar 31 Pakgen Power Limited(PKGP)	4,421,500 ▲ 1.50
K-Electric Ltd. / Mar 31 K-Electric Limited(KEL)	4,361,174 ▲ 0.00
Agha Steel Ind. / Mar 31 Agha Steel Ind.Ltd(AGHA)	3,689,500 ▲ 0.07
Waves Corporation / Mar 31 Waves Corporation Limited(WAVES)	3,477,000 ▲ 0.45

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
Dow Jones / Mar 30	32859.03
India Sensex / Mar 31	58991.52
Tokyo Nikkei / Mar 31	28047.34
Hang Seng / Mar 31	20427.56
FTSE 100 / Mar 31	7628.03
Germany DAX 30 / Mar 31	15561.26
France CAC40 / Mar 31	7285.79

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

current account deficit

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