Trends - Economic distress - Business Recorder

Economic distress

Elephant in the room

To understand strategy in a simple manner three questions are quite helpful. When deciding on a course of action ask...

Published 24 Jul, 2023 06:11am

Editorials

SOEs: We need genuine action, not just lip service

EDITORIAL: It is increasingly appears that the federal government has a new priority. As per a Business Recorder...

Published 24 Jul, 2023 06:11am

Business & Finance

Foreign investment: PM calls for political stability

FAISALABAD: Prime Minister Shehbaz Sharif Sunday called for political stability to attract foreign investment and...

Published 24 Jul, 2023 06:11am

SBA provides a breathing space: US

Pakistan should continue to work with the IMF, says US Principal Deputy Assistant Secretary of State for South and Central Asia

Updated 24 Jul, 2023 09:51am

PM vows to eliminate economic woes

ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday reiterated the resolve by promising the people to eradicate...

Updated 24 Jul, 2023 08:51am

Opinion

Inequality, poverty, and austerity — II

Unfortunately, both the IMF and individual countries practicing these, in or outside of the IMF programme, are not...

Published 22 Jul, 2023 06:25am

Opinion

SOEs: privatisation the only solution

Driven by the current ‘four-point must list of IMF’ to qualify for the next tranche of Fund’s lending in...

Published 22 Jul, 2023 06:15am

Fiscal year 2022-23: Govt borrows $10.84bn from multiple sources

Economic Affairs Division data shows that country borrowed $2.206 billion from foreign commercial banks during the fiscal year 2022-23

Updated 22 Jul, 2023 11:58am

Dar informs National Assembly: No new tax on agriculture, real estate sectors

ISLAMABAD: Federal Minister for Finance and Revenue Muhammad Ishaq Dar said that the government would not impose...

Updated 22 Jul, 2023 10:01am

PTI says IMF acknowledges leadership’s support

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Friday said that the International Monetary Board (IMF) staff report...

Updated 22 Jul, 2023 09:20am

Business & Finance

Ex-BoI chief concerned at ‘abysmal foreign investment situation’

KARACHI: Former Chairman Board of Investment (BoI), Muhammad Azfar Ahsan Friday said the foreign investment shows an...

Published 22 Jul, 2023 06:06am

Editorials

Rise in clearance of imports, exports

EDITORIAL: The Federal Board of Revenue (FBR) during a meeting with a World Bank mission revealed that it increased...

Updated 22 Jul, 2023 06:40am

Islamabad airport to be outsourced for 15 years: govt

ISLAMABAD: Federal Minister for Aviation Khawaja Saad Rafique on Friday informed National Assembly that Islamabad...

Updated 22 Jul, 2023 09:46am

Business & Finance

Decline in exports: PTEA seeks govt’s intervention

FAISALABAD: The Pakistan Textile Exporters Association (PTEA) has sought government’s intervention as textile...

Published 22 Jul, 2023 06:06am

Opinion

Fair elections and economic stability

“Gross financing needs are very large, mostly due to large debt service payments, while external market financing...

Published 21 Jul, 2023 07:08am

Opinion

Another hybrid body needed to widen the tax net

The addition of Special Facilitation Investment Council (SFIC) to the already existing hybrid organization and...

Updated 21 Jul, 2023 07:12am

Editorials

Power sector challenges

EDITORIAL: The IMF (International Monetary Fund) has taken a rather sombre view of Pakistan’s structural issues in...

Published 21 Jul, 2023 06:38am

Finance bill: Bureaucracy can devise ‘zero tax’ regime

Senate Standing Committee on Finance holds meeting under chairmanship of Senator Saleem Mandviwalla

Updated 21 Jul, 2023 09:48am

Business & Finance

Indus Motor announces another plant shutdown

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

Published 20 Jul, 2023 09:42pm

Pakistan

PM Shehbaz says China’s Exim Bank has rolled over $600mn loan

ISLAMABAD: China’s Exim Bank has rolled over a $600-million loan, Prime Minister Shehbaz Sharif said at the launch...

Updated 18 Jul, 2023 06:10pm

Opinion

Dip in the rate of inflation

There is finally some good news on the rate of inflation. The month of June has witnessed a big dip in the rate of...

Updated 18 Jul, 2023 06:12am

Opinion

Pakistan’s lifeline restored by IMF

Pakistan and IMF (International Monetary Fund) have reached a $3 billion Stand-By Arrangement (SBA) to help the...

Updated 16 Jul, 2023 06:37am

PM explains why base power tariff hiked

Premier says Rs5 per unit increase was made on the demand of the IMF but also to bring circular debt down

Updated 16 Jul, 2023 11:37am

IMF condition: Hike in gas prices on the cards

ISLAMABAD: The federal government is all set to hike the gas price to meet the International Monetary Fund (IMF)...

Updated 16 Jul, 2023 01:41pm

Editorials

Pharma exports potential

EDITORIAL: Commerce Minister Syed Naveed Qamar’s vision of raising pharmaceutical exports to $1 billion by 2025 ...

Published 16 Jul, 2023 06:16am

Economic stability: SBA to anchor govt’s instant efforts: IMF

ISLAMABAD: Resolving Pakistan’s structural challenges will likely require continued reforms over the medium term to...

Updated 15 Jul, 2023 05:17pm

PM reassures IMF chief: Govt won’t tolerate iota of violation of deal

Prime Minister Shehbaz Sharif holds telephonic conversation with MD IMF Kristalina Georgieva

Updated 15 Jul, 2023 02:24pm

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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