Trends - Economic distress - Business Recorder

Economic distress

Now a nutrition crisis

EDITORIAL: It’s is indeed most disturbing but no surprise, really, that Pakistan’s many crises – economic,...

Published 18 Jun, 2023 06:27am

Business & Finance

Business community worried over relations with IMF: Mian Zahid

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

Published 18 Jun, 2023 06:07am

Only shares being sold: Shell not winding up its operations: Dar

ISLAMABAD: Finance Minister Ishaq Dar Saturday said Shell Petroleum is not winding up its operations in Pakistan,...

Updated 18 Jun, 2023 09:58am

Expert says country would not default

Ashfaq Tola says govt has not introduced any tax amnesty scheme in the budget and that any ambiguity related to such a scheme would be resolved before the International Monetary Fund (IMF)

Updated 18 Jun, 2023 07:49pm

Opinion

Don’t take IMF seriously?

“Alice in wonderland” is an all time classic and one of my favourite books. It is about the story of a ...

Updated 17 Jun, 2023 07:08am

Opinion

Elusive IMF bailout: the end of the road?

The International Monetary Fund (IMF) and the country’s political situation are the two main issues that are...

Updated 17 Jun, 2023 07:10am

FY2023-24 budget: Govt describes tax exemptions as growth ‘triggers’

Says it is sustainable path to provide employment and livelihood to common citizen

Updated 17 Jun, 2023 09:00am

Response to MPs’ queries about IMF: Dar says ‘odd politics’ being played against country

ISLAMABAD: Finance Minister Ishaq Dar on Friday said odd politics is being played against Pakistan, in response to...

Updated 17 Jun, 2023 08:59am

Reserves, IMF term: $1bn Chinese loan received

KARACHI: Pakistan on Friday night received $1 billion inflows from China as loan to build the depleting foreign...

Updated 17 Jun, 2023 08:58am

Business & Finance

July-May textile group exports fall 14.72pc to $15.029bn YoY

ISLAMABAD: The country’s textile group exports declined by around 14.72 percent during the first eleven months...

Updated 17 Jun, 2023 11:25am

Editorials

Zardari’s CoE

EDITORIAL: That Pakistan needs a so-called Charter of Economy (CoE) is not a new idea. It was most vociferously...

Published 17 Jun, 2023 06:13am

Business & Finance

Multilateral debt country’s biggest problem: Pasha

ISLAMABAD: Former Finance Minister Dr Hafiz Pasha Thursday said Pakistan’s foreign exchange reserves are 16 ...

Published 16 Jun, 2023 07:08am

Opinion

Budget 2023-24: Impediments to a viable economy

The provisional data issued by the National Accounts Committee portray a bleak picture of the economy where real GDP...

Published 16 Jun, 2023 06:27am

Opinion

Understanding and addressing fault lines—II

b. Selling Cheap: Except from 1971 to 1977 on the economic policy side, there was complete unconditional surrender...

Updated 16 Jun, 2023 06:47am

Business & Finance

Jul-Apr LSMI output down 9.39pc YoY

ISLAMABAD: The Large Scale Manufacturing Industries (LSMI) output has declined by 9.39 percent during July-April...

Published 16 Jun, 2023 06:27am

Editorials

Whither the economy

EDITORIAL: The budget for 2023-24 fails to curtail expenditure (and instead raised current expenditure by 26.5...

Published 16 Jun, 2023 06:27am

Opinion

A timid budget by a hesitant govt

The budget was really not a budget per se. We have come to expect major policy measures being enacted, loads of ...

Updated 15 Jun, 2023 06:31am

Opinion

The Fund strikes back

It didn’t take long for the IMF (International Monetary Fund) to red-flag the budget, did it? Just as feared in...

Published 15 Jun, 2023 06:03am

Opinion

Is textile sector ‘rent seeker’?

The textile exporters of Pakistan are fond of championing that textile is the backbone of the economy and that it is...

Updated 15 Jun, 2023 06:28am

Opinion

Understanding and addressing fault lines–I

The Economist in its edition of May 13-19th 2023 has pointed out that the 10-year USD-denominated sovereign bond of...

Updated 15 Jun, 2023 06:39am

Political stability key to economic strength: PM

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday said that political stability was highly important to achieve...

Updated 15 Jun, 2023 09:08am

Shell decides to exit Pakistan market

KARACHI: Shell Petroleum, global energy giant on Wednesday made the strategic decision to sell its entire 77.42...

Updated 15 Jun, 2023 09:06am

Pakistan

IMF comes down hard on Pakistan’s budget proposals

Says draft misses opportunity to broaden tax base in progressive way
Criticises new tax amnesty scheme that runs against IMF programme’s conditionality/governance agenda, and creates a damaging precedent

Updated 15 Jun, 2023 09:00am

Opinion

This is a time of deep introspection

Pakistan is spiraling into abject poverty and is slipping further into the abyss. The World Bank (WB) reports that...

Published 14 Jun, 2023 06:21am

$7bn Chinese, Saudi deposits: Rs402bn paid as cost of rollovers

Economic Affairs Division, sources say, requested ECC to accord approval for provision of Technical Supplementary Grant

Updated 14 Jun, 2023 10:23am

Pakistan won’t move Paris Club: MoS

ISLAMABAD: Minister of State for Finance Dr Aisha Ghaus Pasha Tuesday stated that Pakistan would neither go the...

Updated 14 Jun, 2023 09:00am

July-May remittances plunge 13pc to $24.83bn YoY

KARACHI: Inflows of workers’ remittances registered a sharp decline of 13 percent during the first 11 months of this...

Updated 14 Jun, 2023 09:01am

Business & Finance

OICCI’s survey highlights decline in business confidence

KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI) has shared the results of a comprehensive...

Updated 14 Jun, 2023 08:59am

Markets

Pakistan seeks spot LNG cargoes for first time in nearly a year

SINGAPORE: Pakistan has issued two tenders seeking spot liquefied natural gas (LNG) cargoes for the first time in...

Updated 13 Jun, 2023 07:36pm

Pakistan

Pak Suzuki extends shutdown of motorcycle plant till June 16

Pak Suzuki Motor Company (PSMC) has announced it will extend the shutdown of its motorcycle plant until June 16,...

Updated 13 Jun, 2023 03:49pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 31	278.42
USD PKR Interbank Buying / May 31	278.22
USD to Japanese Yen / May 31	157.31
USD to Swiss Franc / May 31	0.90
Pound Sterling to USD / May 31	1.27
Euro to USD / May 31	1.08

Stock	Volume
S&P 500 / May 31	5277.51
India Sensex / May 31	73961.31
Tokyo Nikkei / May 31	38487.90
Nasdaq / May 31	16735.02
Hang Seng / May 31	18079.61
FTSE 100 / May 31	8275.38
Dow Jones / May 31	38686.32
Germany DAX 30 / May 31	18497.94

Item	Value
Crude Oil USD/Barrel / May 31	76.99
Karachi Cotton PKR/37.32 KG / May 31	19935
Gold 10 Grams PKR / May 31	207219
Gold Spot USD/Ounce / May 31	2327.33
Cotton US¢/pound / May 31	75.11
Petrol/Litre / Jun 1	268.36

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 1 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 1 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 1 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 1 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 1 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 1 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 1 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 1 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 1 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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