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Economic distress

COAS tells Punjab Apex Committee: Actions against spectrum of illegal activities to continue

ISLAMABAD: General Syed Asim Munir, Chief of Army Staff (COAS) on Thursday said law enforcement actions against...

Updated 29 Sep, 2023 10:20am

Business & Finance

Meeting with ministers sought: RLNG/gas supply and pricing need clarity: APTMA

ISLAMABAD: While expressing concerns about the continuation of cross-subsidy, the All Pakistan Textile Mills...

Published 29 Sep, 2023 06:24am

Editorials

Tax the rich

EDITORIAL: One reason our ruling class always paints IMF’s conditions as “harsh” is their own inability, rather...

Updated 29 Sep, 2023 09:29pm

Opinion

Power sector controversy: take-or-pay contracts

Energy prices have increased tremendously which has created controversy and unrest in the country. IPP contracts are...

Published 28 Sep, 2023 05:33am

Profits, dividends: July-August repatriation rises 74pc YoY

Analysts say surge comes after relaxation of capital controls that were implemented previously to curtail outflow of foreign exchange

Updated 28 Sep, 2023 09:51am

Editorials

Federal spending must be curtailed

EDITORIAL: World Bank in a policy note has recommended ceasing federal spending on provincial mandates, including...

Published 28 Sep, 2023 05:33am

Business & Finance

Indus Motor Company announces another plant shutdown

Indus Motor Company (IMC), the assembler of Toyota vehicles in Pakistan, has once again announced that it will shut...

Published 27 Sep, 2023 04:22pm

Opinion

Engineering evolution or devolution?

Across the world, the engineering industry is one of the significant contributors to the economy. However, in...

Updated 27 Sep, 2023 06:59am

Opinion

Consequences of frequent borrowing

The government of Pakistan has a plan of borrowing yet another time from commercial banks over next three months. We...

Updated 27 Sep, 2023 07:06am

Fixing economy top priority: PM

Terms Pakistan a transitional democracy and assures electoral process would be neutral, fair, and free

Updated 27 Sep, 2023 10:37am

Business & Finance

Jul-Aug period: Borrowing from multiple financing sources stands at $3.206bn

ISLAMABAD: The country borrowed $3.206 billion from multiple financing sources during the first two months...

Updated 27 Sep, 2023 10:31am

Editorials

Significant rise in poverty

EDITORIAL: World Bank officials while briefing the media noted that Pakistan’s poverty level rose to 39.4 percent...

Updated 27 Sep, 2023 07:05am

Opinion

Super tax for tax year 2023: hiked rate cannot be applied with retrospective effect

In our Technical Release 1/2023 relating to the Finance Act, 2023, which was issued on June 9, 2023, our view was...

Updated 26 Sep, 2023 07:32am

Opinion

Fall in industrial production

The estimate of the Quantum Index of Manufacturing (QIM) for the month of July 2023 has recently been released by ...

Updated 26 Sep, 2023 07:12am

Provincial mandates: Federal spending must be ceased, recommends World Bank

WB says that federal and provincial departments that are already redundant or would become so under the proposed devolution to the local governments should be abolished

Updated 26 Sep, 2023 10:02am

Editorials

PML-N has helped country avert default?

EDITORIAL: Nawaz Sharif, the undisputed leader of Pakistan Muslim League-Nawaz (PML-N), resident in the UK for ...

Published 26 Sep, 2023 06:33am

Opinion

Escalating economic divide with India

The following is the first part of a two-part series of articles highlighting the differences between the economies...

Updated 25 Sep, 2023 07:34am

Opinion

Worst is yet to come

Inflation and purchasing power erosion pinch is now reflected in volumetric sales’ reduction in products and...

Updated 25 Sep, 2023 07:36am

Boosting industrial competitiveness: SIFC executive body seeks a financial plan

Executive Committee directs financial plan be prepared to introduce industrial tariffs based on cost of service to tackle issue of cross subsidy for domestic users

Updated 25 Sep, 2023 09:56am

Business & Finance

Govt determined to fight off economic crisis: Shamshad

KARACHI: Caretaker Minister for Finance, Revenue and Economic Affairs Shamshad Akhtar said that the caretaker...

Updated 25 Sep, 2023 08:54am

Editorials

Pakistan: growth projections

EDITORIAL: Asian Development Bank (ADB) in its regular publication Asian Development Outlook lowered Pakistan’s...

Published 25 Sep, 2023 06:34am

Opinion

How far ahead of Pakistan is India?—II

The Indian diaspora is quite highly placed in developed economies where a number of Indians are also part of ...

Updated 23 Sep, 2023 06:38am

Economic model ‘flops’: Poverty hits 39.4pc mark, say World Bank officials

ISLAMABAD: Pakistan’s current economic development model is no longer reducing poverty and provides few benefits to...

Updated 23 Sep, 2023 05:38pm

Closed industrial units: Minister advocates payment of power bills in instalments

Caretaker Minister for Commerce and Industry says there are one million unemployed across the country due to the closure of industrial units

Updated 23 Sep, 2023 08:45pm

Business & Finance

Debt piling up: Borrowing reliance surging to finance twin deficits: World Bank

ISLAMABAD: The World Bank on Friday said Pakistan’s economic model is unsuitable because the country’s borrowing...

Published 23 Sep, 2023 05:58am

Editorials

Household debt cycle

EDITORIAL: One of the enduring lessons of economic downturns is that they run households, especially middle- and...

Published 23 Sep, 2023 05:58am

Opinion

Proper implementation of the development agenda is only possible with global and regional cooperation, he says

Updated 21 Sep, 2023 08:46am

Editorials

Privatisation as the way out of current impasse

EDITORIAL: Caretaker Federal Minister for Privatisation Fawad Hassan Fawad has been tasked to expedite the...

Published 21 Sep, 2023 06:08am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	156.17
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 25	5048.42
Nasdaq / Apr 25	15611.76
Dow Jones / Apr 25	38085.80
India Sensex / Apr 26	74171.68
Tokyo Nikkei / Apr 26	37934.72
Hang Seng / Apr 26	17626.75
FTSE 100 / Apr 26	8123.98
Germany DAX 30 / Apr 26	18016.27

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 25	20535
Gold 10 Grams PKR / Apr 25	240900
Crude Oil USD/Barrel / Apr 26	83.85
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 27	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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