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Economic distress

The energy quagmire

When something sounds too good to be true, it usually is. ‘Increase electricity consumption to lower the...

Published 11 Sep, 2023 07:00am

Opinion

Rating agencies and Pakistan’s response

There are three major international credit rating agencies providing investors information about bond and debt...

Published 11 Sep, 2023 06:54am

Pakistan

Taskforce to determine sizes of govts: PM

ISLAMABAD: Prime Minister Anwaar-ul-Haq Kakar Sunday said a taskforce headed by the finance minister would determine...

Published 11 Sep, 2023 06:32am

Opinion

Sales tax blues

Given rampant sales tax evasion and slowdown in consumer demand, the government is highly unlikely to meet its...

Published 11 Sep, 2023 06:32am

Business & Finance

Cut in taxes on real estate to help attract foreign investment: ICCI

ISLAMABAD: Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry (ICCI) has called upon the...

Published 11 Sep, 2023 06:32am

Caretakers likely to ease the woes of power sector

The Power Division proposes implementation on 'old proposed measures with new words' to the caretaker government with the assertion that now failure is no option

Updated 11 Sep, 2023 10:00am

Editorials

Economic update and outlook for Aug

EDITORIAL: The Economic Update and Outlook for August 2023 uploaded on the Finance Division website ended as always...

Published 11 Sep, 2023 06:32am

Markets

Pakistan’s textile exports fall 6% year-on-year in August, clock in at $1.48bn: APTMA

However, on monthly basis, exports increase 13% in comparison to July

Updated 09 Sep, 2023 11:05pm

Opinion

Bills: repenting for the sins of others

Jolted by the severe backlash against highly inflated power bills resulting in protests across the country joined by...

Published 09 Sep, 2023 06:20am

SIFC apex body lays focus on economic revival efforts

ISLAMABAD: The Apex Committee of the Special Investment Facilitation Council (SIFC) has deliberated various measures...

Updated 09 Sep, 2023 09:08am

Govt says gas prices to be revised upward

ISLAMABAD: The caretaker government said on Friday that gas prices have to be revised upward across the board...

Updated 09 Sep, 2023 08:44am

Editorials

So much for track and trace

EDITORIAL: It seems we can’t go even a few days without receiving some sort of bad news from the tax and revenue...

Published 09 Sep, 2023 06:20am

Finance minister says govt to go for rollover of deposits

Says it was important to remove import restrictions across the board since Pakistan was an import-intensive country

Updated 09 Sep, 2023 02:30pm

Business & Finance

FY23: Amreli Steels posts loss of Rs678.4mn amid drop in sales, higher finance cost

Amreli Steels Limited sustained losses to the tune of Rs678.44 million amid drop in sales and high cost of finance...

Updated 08 Sep, 2023 06:38pm

Business & Finance

Sitara Peroxide extends shutdown for 30 days

Sitara Peroxide Limited (SPL), Pakistan’s chemical manufacturer, announced on Friday that it is extending its plant...

Updated 08 Sep, 2023 06:54pm

Opinion

SOEs, fiscal discipline & reforms

Despite a wave of privatization in the last 3 decades, SOEs still contribute significantly to the economic growth of...

Updated 08 Sep, 2023 06:31am

Opinion

The anatomy of Discos’ BoDs

The whole nation is seized by the huge bills received by the people. KE – as a vertically integrated utility –...

Updated 08 Sep, 2023 06:40am

Economic challenges: Army vows its full support to caretaker setup

Reiterates to assist the government in curbing all illegal activities which hamper economic stability, growth and investors’ confidence

Updated 08 Sep, 2023 09:55am

ECs all praise for army chief

KARACHI: There are reports that exchange companies (ECs) have surrendered $ 20 million to the interbank market...

Updated 08 Sep, 2023 09:34am

Green Initiative Pakistan: Sustainable gas supply key to agri transformation: FMPAC

KARACHI: Fertilizer Manufacturers of Pakistan Advisory Council (FMPAC) has called for sustainable gas supplies for...

Updated 08 Sep, 2023 08:55am

Editorials

Forex market has lost its moorings?

EDITORIAL: There was too much chaos in multiple forex markets in the last few days and weeks. It all started with ...

Published 08 Sep, 2023 06:01am

Opinion

Bad news for Asian FX, esp PKR

Pakistani monetary authorities can only count their sorrows as King Dollar’s unrelenting advance pushes Asian...

Published 07 Sep, 2023 06:21am

PM lays focus on tax reforms, sell-off process

Says increasing tax collection is the foremost priority of the government

Updated 07 Sep, 2023 09:51am

Economic update for August: Upward adjustment in energy tariffs, fuel price hike to strain inflationary pressures: MoF

ISLAMABAD: The Finance Ministry Wednesday said the upward adjustment in energy tariffs and further increase in fuel...

Updated 07 Sep, 2023 09:33am

Business & Finance

Textile export boost key to economic revival: TMA

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

Published 07 Sep, 2023 06:21am

Business & Finance

Import of used cars crippling local auto industry: IMC chief

LAHORE: Chief Executive Indus Motor Company (IMC), Ali Asghar Jamali has lamented that total used car imports have...

Published 07 Sep, 2023 06:21am

A little light at the end of the tunnel?

Editorials

Macroeconomic indicators

EDITORIAL: Four unexplained, albeit bafflingly un-synchronised, data was recently uploaded on the Pakistan Bureau of...

Published 05 Sep, 2023 06:22am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 19	278.45
USD PKR Interbank Buying / Apr 19	278.15
USD to Japanese Yen / Apr 19	154.64
USD to Swiss Franc / Apr 19	0.91
Pound Sterling to USD / Apr 19	1.24
Euro to USD / Apr 19	1.07

Stock	Volume
S&P 500 / Apr 19	4967.23
India Sensex / Apr 19	73088.33
Tokyo Nikkei / Apr 19	37068.35
Nasdaq / Apr 19	15282.01
Hang Seng / Apr 19	16224.14
FTSE 100 / Apr 19	7895.85
Dow Jones / Apr 19	37986.40
Germany DAX 30 / Apr 19	17737.36

Item	Value
Crude Oil USD/Barrel / Apr 19	83.14
Karachi Cotton PKR/37.32 KG / Apr 19	21035
Gold 10 Grams PKR / Apr 19	214935
Gold Spot USD/Ounce / Apr 19	2391.93
Cotton US¢/pound / Apr 19	81.02
Petrol/Litre / Apr 20	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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