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Economic distress

NFC award major reason behind govt’s inability to go after untaxed sectors: economist

Dr Ashfaque Hassan Khan says Islamabad loses incentive to tax undocumented economy as it loses big chunk of additional revenue

Published 04 Sep, 2023 05:26pm

Markets

Caretaker govt’s ‘do nothing’ approach doing no good for Pakistan: PBC

The Pakistan Business Council (PBC), one of the country’s largest corporate advocacy platforms, on Monday slammed...

Updated 04 Sep, 2023 05:55pm

Markets

Open market: rupee recovers after hitting 334 against US dollar during trading

Gap with rate in inter-bank market, however, continues to stay well over IMF-prescribed 1.25%

Updated 04 Sep, 2023 07:11pm

Opinion

The circular debt paradox

The power sector has an annual turnover of around Rs 3.3 trillion. Of this, collection stands at around 88 percent,...

Updated 04 Sep, 2023 06:43am

Opinion

Power bills and public anger

The usual jargon was issued by the Prime Minister’s Office on 27, Sunday, after an inconclusive emergent meeting...

Published 04 Sep, 2023 06:21am

Opinion

Economic policy needs a hard reset

The present currency crisis in Pakistan is unprecedented. PKR has depreciated against USD from 180 to 305 since ...

Published 04 Sep, 2023 06:21am

COAS explains to businesspeople SIFC potential

Emphasises Special Investment Facilitation Council's potential to attract substantial investments of up to 100 billion dollars from countries such as Saudi Arabia, UAE, Kuwait and others

Updated 04 Sep, 2023 11:39am

Shamshad says not in position to entertain any expenditure request

ISLAMABAD: Caretaker Finance Minister, Dr Shamshad Akhtar, has said that lack of fiscal discipline, increasingly...

Updated 04 Sep, 2023 09:41am

Editorials

Initiative required from caretakers

EDITORIAL: The induction of well-respected technocrats in the caretaker cabinet on 17 August was widely hailed but a...

Published 04 Sep, 2023 06:21am

Business & Finance

Economist argues PKR slide hurting market equilibrium

KARACHI: The burning problems of the common man, business & industrial community whether small or large are...

Published 04 Sep, 2023 06:21am

Opinion

Public sentiment taken for granted

The public sentiment has mostly been taken for granted by the governments and the parliamentarians as a class with ...

Updated 02 Sep, 2023 07:59am

Editorials

Setting the record straight

EDITORIAL: Spare a thought for the caretaker setup. Their only fault, after all, is being in the wrong place at the...

Published 02 Sep, 2023 06:30am

Debt management: FD advocates balanced approach

ISLAMABAD: Fiscal discipline is essential to maintain primary surplus as total public debt/revenue and debt...

Updated 02 Sep, 2023 03:08pm

Business & Finance

Aug trade deficit widens 29.86pc to $2.126bn MoM

ISLAMABAD: Pakistan’s trade deficit widened by 29.86 percent on a month-on-month basis to $2.126 billion in August...

Published 02 Sep, 2023 06:30am

Opinion

Heavy indebtedness & power sector crisis

In terms of new commitments, the Government of Pakistan signed new agreements, worth USD 7,228 million, during the...

Published 01 Sep, 2023 05:41am

Opinion

Revisiting economy’s direction

‘But putting growth at the center of economic policymaking is a mistake. While important, growth in the abstract ...

Published 01 Sep, 2023 05:41am

Business & Finance

Capacity payments to IPPs: Caretakers must invoke ‘force majeure’: FCCI chief

FAISALABAD: Caretakers must invoke “force majeure” to stop capacity payments to the IPPs in prevailing...

Published 01 Sep, 2023 05:41am

Business & Finance

PSMA Punjab enumerates reasons behind steep rise in sugar prices

LAHORE: Dispelling the impression that sugar prices are increasing in the domestic market due to shortage, Pakistan...

Published 01 Sep, 2023 05:41am

Piqued by political parties, PM says ‘there’s no crisis’

Says the economy was in shambles because non-productive sectors had been incentivised while they contributed nothing to the economy

Updated 01 Sep, 2023 10:01am

Challenges facing the textile sector come under govt-APTMA talks

ISLAMABAD: In a significant move to address the challenges faced by textile industry, a delegation from the All...

Updated 01 Sep, 2023 08:44am

Power sector woes: ‘Privatisation’ of Discos emerges as long-term solution

ISLAMABAD: The government had the only viable option to spread electricity bills of July in the next four to five...

Updated 01 Sep, 2023 11:09am

Shamshad highlights importance of reducing fiscal deficit

KARACHI: Federal Minister for Finance and Revenue, Dr Shamshad Akhtar, Thursday reiterated the government’s...

Updated 01 Sep, 2023 09:16am

Rising debt servicing emerges as hindrance: Projection of cut in C/A deficit subject to certain risks

ISLAMABAD: The government projection of a reduction in the current account deficit to US$ 3.7 billion is subject to...

Updated 01 Sep, 2023 09:11am

Editorials

Sugar: smuggling is the elephant in the room

EDITORIAL: The sugar export ban is back in the news with increasing sugar prices. This is not the first time when...

Published 01 Sep, 2023 05:41am

Opinion

It begins…

Why do you think the only thing to come out of emergency cabinet meetings – to do something about these protests...

Published 31 Aug, 2023 06:00am

Opinion

Acting on autopilot

From 13.25% policy rate in 2020 to all time high of 22% in 2023, the state of Pakistan’s economy still seems to...

Published 31 Aug, 2023 06:00am

US sharpens the focus on Pakistan

US Acting Deputy Secretary Nuland and Foreign Minister Jilani discuss importance of timely, free, and fair elections

Updated 31 Aug, 2023 10:03am

Shamshad informs Senate body: No ‘fiscal space available’ for subsidies

ISLAMABAD: The members of the Senate Standing Committee on Finance demanded of the government to withdraw seven...

Updated 31 Aug, 2023 09:25am

Editorials

Economy: caretakers indecisive or dilatory?

EDITORIAL: The federal caretaker cabinet meeting last Tuesday, reportedly (as no press release was issued or a press...

Published 31 Aug, 2023 06:00am

Markets

Open-market: USD hits 325 against rupee

Open-market prone to sharp volatility and sharp movement, says expert

Updated 30 Aug, 2023 07:02pm

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	154.37
USD to Swiss Franc / Apr 19	0.91
Pound Sterling to USD / Apr 19	1.24
Euro to USD / Apr 19	1.06

Stock	Volume
S&P 500 / Apr 18	5011.12
Nasdaq / Apr 18	15601.50
FTSE 100 / Apr 18	7877.05
Dow Jones / Apr 18	37775.38
Germany DAX 30 / Apr 18	17837.40
France CAC40 / Apr 18	8023.26
India Sensex / Apr 19	72222.48
Tokyo Nikkei / Apr 19	37068.35

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 18	21735
Gold 10 Grams PKR / Apr 18	214077
Petrol/Litre / Apr 19	293.94
Crude Oil USD/Barrel / Apr 19	84.27
Gold Spot USD/Ounce / Apr 19	2382.04
Diesel/Litre / Apr 19	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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