Trends - current account deficit

current account deficit

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

Opinion

Oily matters – I

Pakistan’s oil imports are the biggest drain on foreign exchange. Current year’s oil import bill has been...

Published 08 Dec, 2022 06:10am

Opinion

SBP’s newfound realism

The recent meeting of the Monetary Policy Committee (MPC) of the SBP (State Bank of Pakistan) has led to the ...

Published 06 Dec, 2022 05:58am

Business & Finance

Monthly economic update, outlook: Manageable CAD, its guaranteed financing required: FD

ISLAMABAD: The Finance Division has acknowledged that a manageable current account deficit and its guaranteed...

Published 30 Nov, 2022 07:01am

Opinion

Waiting for ‘manna from heaven’

After the receding flood waters from hell, the GOP is now waiting anxiously for ‘manna from heaven’ from heavenly...

Published 30 Nov, 2022 06:23am

Business & Finance

November CPI likely to decline marginally

ISLAMABAD: Pakistan’s November CPI is expected to decline marginally and may remain in the range of 23 percent to...

Updated 30 Nov, 2022 12:50pm

Editorials

Timing of needed decisions critical

EDITORIAL: The PML-N (Pakistan Muslim League-Nawaz), occupying nearly all economic-related ministries, barring...

Published 30 Nov, 2022 05:53am

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

Business & Finance

TDAP plans three expos, two fairs next year

LAHOERE: Director General Trade Development Authority of Pakistan Shahzad Ahmed Khan Rajput has said that the period...

Published 29 Nov, 2022 05:57am

Policy rate hiked to 16pc to quell biting inflation

Including this 100bps increase, SBP has raised its key rate by 625bps cumulatively in 2022
Policy rate jumps to 23-year high

Updated 26 Nov, 2022 12:48pm

Pakistan

Imran vows to ensure supremacy of law if he comes into power again

KARACHI: “We will ensure the supremacy of law if we came into power, which is evident after by-election ...

Published 23 Nov, 2022 05:55am

Monetary policy to be announced on Friday

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

Updated 23 Nov, 2022 09:31am

BR Research

CAD: Controlled chaos

The current account is coming under control. This is happening under extreme strictness on imports. However, the...

Published 22 Nov, 2022 09:22am

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

State of economy: Dar rejects all speculations

Finance Minister says Pakistan will make payment of $1 billion Sukuk Bond in time in the first week of next month

Updated 20 Nov, 2022 04:16pm

Business & Finance

Opening of LCs: Banks overcharging importers to face action, SBP assures NA panel

ISLAMABAD: The State Bank of Pakistan (SBP) has assured the National Assembly’s Standing Committee on Finance...

Published 17 Nov, 2022 05:59am

Opinion

Unrealistic budget of 2022-23

The budget of 2022-23 has been framed with agreement of the IMF (International Monetary Fund) as part of the ongoing...

Published 15 Nov, 2022 05:52am

Opinion

Economic developments and business confidence

We have a mixed bag of economic developments. The foreign trade data for October shows encouraging signs. The ...

Published 11 Nov, 2022 05:54am

Opinion

The optimism of SBP

The recent statement by the Monetary Policy Committee of the SBP (State Bank of Pakistan) has certainly provided...

Published 01 Nov, 2022 05:55am

Pakistan

Efforts underway to improve availability of alternative fuels: minister

KARACHI: Dr Musaddik Malik, Federal Minister for Petroleum has said that LPG is the unregulated sector and the...

Published 30 Oct, 2022 03:57am

Business & Finance

BMP for revisiting trade, immigration policies

LAHORE: Raising questions on the poor mechanisms to ensure dollars availability, the Federation of Pakistan Chambers...

Published 29 Oct, 2022 05:55am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.60
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
Nasdaq / Apr 24	15712.75
Dow Jones / Apr 24	38460.92
India Sensex / Apr 25	73780.80
Tokyo Nikkei / Apr 25	37628.48
Hang Seng / Apr 25	17264.90
FTSE 100 / Apr 25	8077.84
Germany DAX 30 / Apr 25	17994.97

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Petrol/Litre / Apr 25	293.94
Crude Oil USD/Barrel / Apr 25	83.02
Gold Spot USD/Ounce / Apr 25	2325.45
Diesel/Litre / Apr 25	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 25 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 25 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 25 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 25 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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