Trends - Economic distress - Business Recorder

Economic distress

There’s need for forging ahead on own steam

EDITORIAL: Rating agency Moody’s has warned that Pakistan’s liquidity risks remain high in spite of the...

Updated 06 Jul, 2023 06:14am

Opinion

Trade winds: On falling exports

The export figures for the eleven months of fiscal year 2022-23 are very disappointing. We had got used to export...

Published 05 Jul, 2023 06:00am

Editorials

Inflation down MoM

EDITORIAL: Consumer Price Index (CPI) for June dropped by 8.6 percentage points compared to the month before – ...

Published 05 Jul, 2023 06:00am

Imported fuel for power generation: Nepra blames forex scarcity for load-shedding

Nepra Chairman Tauseef H Farooqi says 63 percent of generation is based on imported fuels

Updated 05 Jul, 2023 11:22am

Business & Finance

Challenges of inflation, external payments: SBP governor explains IMF SBA’s efficacy

KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad Tuesday said the country is facing two key challenges of...

Published 05 Jul, 2023 06:00am

Technology

Pakistan’s startup funding suffers massive fall in April-June

Funding attained by Pakistani startups on a quarterly basis fell to the lowest level in three years during...

Published 04 Jul, 2023 12:06pm

Opinion

The youth bulge

The high rate of population growth of Pakistan, among the highest in the world, has led to the emergence of a large...

Updated 04 Jul, 2023 05:50am

Opinion

The more things change…

After a three weeks sojourn in the UK, returning to Pakistan was a case of an overdose of déjà vu. But I must not...

Updated 04 Jul, 2023 05:59am

Editorials

IMF: We have to pay the price we deserve to pay

EDITORIAL: While specific details of precisely what are the prior conditions that the government has agreed to in ...

Updated 04 Jul, 2023 05:45am

Risks undermining MTDS targets identified

ISLAMABAD: The estimates of key economic indicators are prone to certain risks and vulnerabilities that could cause...

Updated 04 Jul, 2023 09:08am

IMF deal to support macroeconomic stability: Moody’s

ISLAMABAD: Moody’s Investors Service (Moody’s) Monday said that Pakistan’s new deal with the International Monetary...

Updated 04 Jul, 2023 09:06am

Business & Finance

June CPI inflation rises to 29.4pc YoY

ISLAMABAD: The Consumer Price Index (CPI) based inflation increased to 29.4 percent on a year-on-year basis in June...

Published 04 Jul, 2023 05:07am

Business & Finance

Jul-Jun trade deficit shrinks 43.03pc to $27.547bn YoY

ISLAMABAD: Pakistan’s trade deficit narrowed by 43.03 per cent to $27.547 billion during the fiscal year 2022-23...

Published 04 Jul, 2023 05:07am

Business & Finance

TMA leader hails Pakistan’s $3bn SBA with IMF

KARACHI: The Senior Vice Chairman of the Towel Manufacturers Association of Pakistan Syed Usman Ali welcomed the...

Published 04 Jul, 2023 05:07am

Business & Finance

Agriauto announces partial plant shutdown in July

Agriauto Industries Limited, a manufacturer of auto components, announced it will partially shut down its plant...

Published 03 Jul, 2023 12:33pm

Markets

Lowest reading since Jan: Pakistan’s headline inflation slows to 29.4% in June

Inflation in May had hit a record high at 38%
June's reading takes FY23 average to 29.18% compared to 12.15% in FY22

Updated 03 Jul, 2023 07:04pm

Opinion

Criticality of foreign investment

Apparently, foreign investors are finding it difficult to maintain sustainability of their businesses in Pakistan....

Updated 03 Jul, 2023 07:56am

Opinion

Kicking the can

An IMF (International Monetary Fund) deal is finally done. This is good news as it has averted the growing concerns...

Updated 03 Jul, 2023 07:58am

PTI accused of seeking to scuttle IMF deal

Federal Minister for Planning, Development and Reform Ahsan Iqbal says party crossed all limits in its hatred against state

Updated 03 Jul, 2023 09:03am

Business & Finance

PEW underscores need for implementing IMF ‘roadmap’ of reforms

ISLAMABAD: Dr Murtaza Mughal, President of Pakistan Economy Watch (PEW) said on Sunday that after efforts Pakistan...

Published 03 Jul, 2023 06:04am

Editorials

Living up to our own track record

EDITORIAL: We have yet again failed to complete an IMF programme, which perhaps was the toughest one for the...

Published 03 Jul, 2023 06:04am

Business & Finance

Hike in energy rates to hurt economy: PDP

Karachi: Expressing serious concern over reports of further hike in oil and gas prices following new loan from...

Published 03 Jul, 2023 06:04am

Markets

Pakistan likely to avert default this year after last-minute IMF deal: Bloomberg

Dollar funds could rise up to $9.5 billion on account of inflows from the IMF and friendly nations, but a new programme will be needed, says report

Updated 01 Jul, 2023 07:26pm

Pakistan

As it happened: Pakistan’s last-gasp IMF bailout

KARACHI: Pakistan finally reached a staff-level agreement with the International Monetary Fund (IMF) to release $3...

Updated 01 Jul, 2023 08:56am

Pakistan

A new stand-by arrangement with the IMF: here are some key points

After a massive delay, govt succeeds in convincing IMF to allot it more money than expected

Published 30 Jun, 2023 12:39pm

Pakistan

Pakistan, IMF reach staff-level agreement on new $3bn stand-by arrangement

Agreement subject to approval by the IMF Executive Board, with its consideration expected by mid-July

Updated 30 Jun, 2023 11:11pm

Pakistan

Dar says Pakistan expects IMF deal in next 24 hours

Country is racing against time to unlock funds ahead of the scheduled end of the programme today

Updated 30 Jun, 2023 10:15am

Business & Finance

‘Increase in policy rate to further damage investment climate’

KARACHI: Former State minister and former chairman Board of Investment Muhammad Azfar Ashan has said that increase ...

Published 29 Jun, 2023 04:19am

‘Charter of economy’: Nawaz, Zardari take major step towards ‘goal’?

DUBAI: The coalition partners in the centre Pakistan Muslim League-Nawaz (PML-N) and Pakistan People’s Party (PPP)...

Updated 29 Jun, 2023 03:21pm

Business & Finance

Business community leader urges IMF to unlock bailout

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

Published 29 Jun, 2023 04:19am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 13	278.73
USD PKR Interbank Buying / Jun 13	278.53
USD to Japanese Yen / Jun 14	157.92
USD to Swiss Franc / Jun 14	0.89
Pound Sterling to USD / Jun 14	1.27
Euro to USD / Jun 14	1.07

Stock	Volume
S&P 500 / Jun 14	5,433.74
India Sensex / Jun 14	76,901.63
Tokyo Nikkei / Jun 14	38,814.56
Nasdaq / Jun 14	17,667.56
Hang Seng / Jun 14	18,017.18
FTSE 100 / Jun 14	8,140.39
Dow Jones / Jun 14	38,647.10
Germany DAX 30 / Jun 14	18,104.26

Item	Value
Petrol/Litre / Jun 14	268.36
Crude Oil USD/Barrel / Jun 14	78.04
Karachi Cotton PKR/37.32 KG / Jun 14	19,935
Gold 10 Grams PKR / Jun 14	206,361
Gold Spot USD/Ounce / Jun 14	2,311.36
Diesel/Litre / Jun 14	270.22

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 14 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 14 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 14 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 14 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 14 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 14 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 14 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 14 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 14 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 14 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 14 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 14 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 14 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 14 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 14 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 14 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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Economic distress

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