Trends - Economic distress - Business Recorder

Economic distress

Country now stands on its own two feet: Ahsan

ISLAMABAD: Minister for Planning, Development and Special Initiatives, Ahsan Iqbal launched a performance report of...

Updated 10 Aug, 2023 08:45am

PM acknowledges China’s role in crucial IMF SBA

Says IMF deal would not have been possible without China's support

Updated 10 Aug, 2023 09:57am

Opinion

Underutilisation of remittances in economy

Don’t count your chicken before they hatch is an idiom that goes quite well with our situation. Quite often we see...

Updated 09 Aug, 2023 03:58pm

Opinion

How to galvanise our exports

If we can start from an economic policy perspective, policymakers are asking the wrong question: how to increase...

Updated 09 Aug, 2023 06:27am

Rs9.4trn revenue collection target: FBR required to rely on policy, some other steps

ISLAMABAD: The Federal Board of Revenue (FBR) will heavily rely on policy and administrative/ enforcement measures...

Updated 09 Aug, 2023 09:27am

Opinion

IMF programme targets

A typical IMF (International Monetary Fund) programme, including a Stand-by Facility, has a set of quantitative...

Published 08 Aug, 2023 06:37am

Aug-Oct auction calendar: Govt plans to borrow Rs11.09trn from banks

KARACHI: The federal government has planned to borrow Rs 11.09 trillion from the domestic banking system during the...

Updated 08 Aug, 2023 09:41am

Opinion

LSM sector travails

Large-scale manufacturing (LSM) sector, as per data released by the Finance Division, registered negative 8.1 ...

Published 07 Aug, 2023 06:34am

Opinion

Reduce, not expand, the size of govt to restore investor confidence

After the unexpected IMF (International Monetary Fund) bailout, the economy is in search of regaining lost...

Published 07 Aug, 2023 06:34am

Business & Finance

Pakistan’s economic woes leave textile industry in tatters

LAHORE: Factory worker Lubna Babar was made redundant at the beginning of the year, a victim of a crisis in the...

Published 07 Aug, 2023 06:34am

Business & Finance

Tax evasion termed ‘a big threat to economy’

KARACHI: Chairman of National Business Group Pakistan and President Pakistan Businessmen and Intellectuals Forum ...

Published 07 Aug, 2023 06:34am

Opinion

Future drivers of country’s growth

The incumbent government, in the very last leg of its tenure, has sowed the seeds of agriculture, mineral and mines,...

Published 05 Aug, 2023 06:00am

Business & Finance

PBF demands to appoint economist as caretaker PM

LAHORE: In light of the country's economic situation, the Pakistan Business Forum (PBF) demands that the incumbent...

Published 05 Aug, 2023 06:00am

Dar explains what actually led to changes in budget

Says for securing an agreement with the IMF, the government had to impose new taxes

Updated 05 Aug, 2023 03:06pm

Opinion

The corruption challenge

The Federal Board of Revenue (FBR) issued regulations granting banks access to asset declarations of high-level...

Updated 04 Aug, 2023 06:43am

Editorials

Textile exports: where does Pakistan stand?

EDITORIAL: Insofar as the enormity of Pakistan’s economic (balance of payments and manufacturing) challenges is...

Published 04 Aug, 2023 06:20am

Opinion

Wheat can rescue Pakistan!

Russia is weaponizing wheat again. Back in March 2022, the world’s TV screens carried images of burning wheat...

Published 03 Aug, 2023 05:54am

Dar sets Rs10trn revenue target for Tiwana-led team

ISLAMABAD: Finance Minister Ishaq Dar threw the gauntlet of chasing a revenue target of Rs 10 trillion for the...

Updated 03 Aug, 2023 09:29am

Economic stabilisation: PM praises role of business community

KARACHI: Prime Minister Shehbaz Sharif on Wednesday said that provision of facilities to the business community and...

Updated 03 Aug, 2023 09:45am

Business & Finance

July textile exports down 15pc to $1.31bn YoY

ISLAMABAD: The country’s textile exports registered a decline of 15 percent and remained $1.31 billion during July...

Published 03 Aug, 2023 05:54am

Editorials

Fuel price hike

EDITORIAL: Prices of petrol and high speed diesel (HSD) were raised by 19.95 and 19.90 rupees per litre,...

Updated 03 Aug, 2023 06:27am

Opinion

Cotton ‘crisis’: challenges, opportunities, and way forward–I

Stagnation in Pakistan’s rural economy has been ongoing over the last decade for a multitude of reasons. The...

Published 02 Aug, 2023 06:47am

Opinion

FY24 to FY28: IMF’s forex cash flow projections

This article is in continuation of the writer’s earlier article on the same subject carried by this newspaper on...

Published 02 Aug, 2023 06:47am

Business & Finance

July exports down 12.68pc to $2.057bn MoM

ISLAMABAD: The country’s exports declined by 12.68 percent on a month-on-month (MoM) basis in the first month...

Published 02 Aug, 2023 06:47am

Editorials

MPS: Will IMF need to recalibrate its expectations?

EDITORIAL: In a surprise move, the Monetary Policy Committee (MPC) left the policy rate unchanged at 22 percent,...

Published 02 Aug, 2023 06:47am

Three ‘key’ sectors: Govt optimistic about investment prospects

Finance Minister Ishaq Dar says that some friendly countries are interested to invest in Pakistan’s agriculture, minerals and mines as well as the IT sector

Updated 02 Aug, 2023 10:02am

Minister tries to justify hike

ISLAMABAD: Federal Minister for Information and Broadcasting Marriyum Aurangzeb, Tuesday, said the government had...

Updated 02 Aug, 2023 08:49am

Opinion

Reducing rising electricity tariff? — III

In the previous space, we focused on immediate financial restructuring solutions for enabling reduction in...

Updated 01 Aug, 2023 06:43am

Opinion

IMF’s SBF

The IMF Stand-By Facility (SBF) of $3 billion has been in operation for two weeks now. Already, there is a big...

Published 01 Aug, 2023 06:19am

Flood relief: $10.33bn loans, $550m grants received

ISLAMABAD: Pakistan has received $ 10.33 billion out of $ 10.953 billion as loans and $ 550.4 million in grants for...

Updated 01 Aug, 2023 09:14am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 30	278.40
USD PKR Interbank Buying / Apr 30	278.20
USD to Japanese Yen / Apr 30	156.75
USD to Swiss Franc / Apr 30	0.91
Pound Sterling to USD / Apr 30	1.25
Euro to USD / Apr 30	1.07

Stock	Volume
S&P 500 / Apr 29	5116.17
Nasdaq / Apr 29	15983.08
FTSE 100 / Apr 29	8147.03
Dow Jones / Apr 29	38386.09
Germany DAX 30 / Apr 29	18118.32
France CAC40 / Apr 29	8065.15
India Sensex / Apr 30	75020.21
Tokyo Nikkei / Apr 30	38337.50

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 29	209105
Petrol/Litre / Apr 30	293.94
Crude Oil USD/Barrel / Apr 30	82.43
Gold Spot USD/Ounce / Apr 30	2326.07
Diesel/Litre / Apr 30	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 30 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 30 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 30 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 30 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 30 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 30 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 30 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 30 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 30 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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