Trends - Economic distress - Business Recorder

Economic distress

PM calls for devising extensive export policy

KARACHI: Prime Minister Shehbaz Sharif has called for formulating a comprehensive export policy in consultation with...

Updated 27 Jul, 2023 09:22am

Economy very much on track: PM

KARACHI: Prime Minister Shehbaz Sharif Wednesday said the country’s economy was on the course of progress as the...

Updated 27 Jul, 2023 08:55am

Policy continuation, forex financing a must for growth

ISLAMABAD: The Finance Division has stated that prudent and effective economic decisions, political and economic...

Updated 27 Jul, 2023 09:10am

Business & Finance

Foreign investors: Repatriation of profit, dividend dives to 18-year low

KARACHI: The repatriation of profit and dividend by foreign investors plunged by 80 percent, ie, to 18 years lowest...

Updated 27 Jul, 2023 10:01am

Pakistan

Bilawal takes up issue of disruption of grain supply chain with Lavrov

ISLAMABAD: Foreign Minister Bilawal Bhutto-Zardari on Wednesday reached out to his Russian counterpart Sergei Lavrov...

Updated 27 Jul, 2023 10:03am

Opinion

Energy transition: green dreams, brown realities

The world energy landscape is transitioning from fossil fuels to renewables to address energy and environmental...

Published 26 Jul, 2023 06:47am

Editorials

An agriculture revolution is needed

EDITORIAL: Chief of Army Staff General Asim Munir while addressing the inaugural ceremony of the Khanewal Model...

Published 26 Jul, 2023 06:27am

Opinion

Reducing rising electricity tariff?—II

LIBOR has gone up; thus a case for reduction of this margin suitably. Second solution is increase in the repayment...

Updated 26 Jul, 2023 06:38am

Budgetary support: Govt borrows Rs500bn from banks in 2 weeks: SBP

Says federal government's borrowing for budgetary support rose by 218 percent during the initial two weeks of this fiscal year

Updated 26 Jul, 2023 01:00pm

ECs can import dollars in cash through cargo or security companies

KARACHI: The State Bank of Pakistan (SBP) Tuesday night allowed the Exchange Companies import of cash US dollars...

Updated 26 Jul, 2023 04:21pm

15 months: financial impact of power theft estimated at Rs500bn

ISLAMABAD: The Power Division Tuesday informed National Assembly Standing Committee on Power that the financial...

Updated 26 Jul, 2023 09:47am

Pakistan

PM again holds PTI govt responsible for economic mess

FAISALABAD: The government of Nawaz Sharif had laid down a strong foundation for the comprehensive socio economic ...

Published 25 Jul, 2023 06:20am

Opinion

Managing the BoP

The balance of payments (BoP) figures for the full-year, 2022-23, have just been released by the SBP. They reflect...

Updated 25 Jul, 2023 06:52am

Opinion

Inward forex cash flows: from 2023-24 to 2027-28

The IMF (International Monetary Fund) issued ‘Request For Stand-By Arrangement’ in July 2023. The IMF has again...

Updated 25 Jul, 2023 07:01am

Markets

PBF concerned over massive hike in electricity base tariff

KARACHI: Pakistan Business Forum (PBF) has shown displeasure on a significant increase in the base tariff by Rs7.50...

Published 25 Jul, 2023 06:20am

Rs7.50 per unit hike in basic power tariff okayed by Nepra

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Monday gave its nod for increase in basic...

Updated 25 Jul, 2023 09:15am

Editorials

Tax proposals by the IMF

EDITORIAL: The $3 billion nine-month-long Stand-By Arrangement (SBA) approved by the International Monetary Fund...

Updated 25 Jul, 2023 06:49am

Business & Finance

Value-added textile industry assails ‘frequent increases’ in power tariffs

LAHORE: The value-added textile industry has rejected the frequent increase in prices of electricity and gas, saying...

Published 25 Jul, 2023 06:20am

Markets

Sitara Peroxide extends plant shutdown for another two weeks

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

Published 24 Jul, 2023 04:28pm

Opinion

The indictment of monetary policy

The Stand-By Arrangement (SBA) documents uploaded on the International Monetary Fund (IMF) website this Tuesday ...

Published 24 Jul, 2023 06:11am

Opinion

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

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 20	278.50
USD PKR Interbank Buying / May 20	278.30
USD to Japanese Yen / May 21	156.44
USD to Swiss Franc / May 21	0.91
Pound Sterling to USD / May 21	1.27
Euro to USD / May 21	1.09

Stock	Volume
S&P 500 / May 20	5308.13
Nasdaq / May 20	16794.88
FTSE 100 / May 20	8424.20
Dow Jones / May 20	39806.77
Germany DAX 30 / May 20	18768.96
France CAC40 / May 20	8195.97
India Sensex / May 21	73830.29
Tokyo Nikkei / May 21	39037.68

Item	Value
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 20	214678
Petrol/Litre / May 21	273.10
Crude Oil USD/Barrel / May 21	79.32
Gold Spot USD/Ounce / May 21	2414
Diesel/Litre / May 21	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 21 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 21 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 21 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 21 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 21 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 21 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 21 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 21 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 21 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 21 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 21 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 21 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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