Trends - Economic distress - Business Recorder

Economic distress

e-commerce platforms facilitating trade of smuggled smartphones?

KARACHI: Some of the leading e-commerce platforms have said to be the biggest source for trading non-PTA-approved...

Updated 15 Mar, 2024 08:28am

Opinion

Why we lag in exports

One of Pakistan’s most pressing economic issues is the chronic shortage of foreign exchange underscored by an...

Published 14 Mar, 2024 03:00am

Aurangzeb unveils his approach to IMF lending

Says Pakistan is eager to negotiate a larger and the longest Extended Fund Facility (EFF) of the IMF programme to achieve macroeconomic stability in the country

Updated 13 Mar, 2024 12:27pm

Perspectives

Never has an economic roadmap been more important in Pakistan

It was in June 2022 that Pakistan’s CPI-based inflation figure topped 20%. It has since then stood stubbornly at...

Updated 13 Mar, 2024 12:18pm

Opinion

Navigating IMF’s flawed mindset: lessons from 2008 financial crisis

The International Monetary Fund (IMF) has long been regarded as a key player in the global financial landscape,...

Published 12 Mar, 2024 04:28am

Pakistan

Muhammad Aurangzeb takes over as finance minister as speculation ends

On his arrival at ministry, former HBL CEO was welcomed by Secretary Finance and senior officials

Updated 11 Mar, 2024 10:29pm

Opinion

A recalcitrant rupee!

The budget for the current fiscal year, reviewed and amended by the International Monetary Fund (IMF) as a prior...

Published 11 Mar, 2024 04:45am

Opinion

Egypt: not a good model to emulate

Increasingly, the hope of economic recovery in Pakistan is becoming hinged on the government influenced investment ...

Published 11 Mar, 2024 04:45am

Business & Finance

Revival of PSM will help boost economy: PDP chairman

KARACHI: Revival of the Pakistan Steel Mills would surely help in boosting our economy but the provincial government...

Published 11 Mar, 2024 04:45am

Business & Finance

Traders’ demand long-term economic recovery plan

PESHAWAR: Business community has demanded of the newly elected central and provincial government to jointly outline ...

Published 11 Mar, 2024 04:45am

IMF says ‘ready’ to send team for 2nd SBA review

ISLAMABAD: The International Monetary Fund (IMF) stands ready to hold a mission for the second review of the...

Updated 09 Mar, 2024 10:34pm

Business & Finance

Jul-Feb remittances down 1.2pc to $18.1bn YoY

KARACHI: The country received home remittances amounted to $ 18.1 billion during the first eight months of this...

Published 09 Mar, 2024 04:59am

Markets

Pakistan’s remittances clock in at $2.25bn in February, up 13% YoY

However, inflows decrease 6% on a monthly basis

Updated 08 Mar, 2024 11:36pm

Economic stability: PPP vows its support to PM

ISLAMABAD: A delegation of Pakistan Peoples Party (PPP) led by former President Asif Ali Zardari and party Chairman...

Updated 06 Mar, 2024 08:54am

HBL CEO Muhammad Aurangzeb may be inducted into finance team

ISLAMABAD: Muhammad Aurangzeb, the chief executive officer of Pakistan’s largest bank, HBL, is likely to be tapped...

Updated 06 Mar, 2024 10:59am

Business & Finance

Jul-Jan debt rises 6pc as govt borrowing continues

Total domestic and external debt stocks reach Rs64.84 trillion at end of Jan 2024

Updated 06 Mar, 2024 10:54am

Business & Finance

BMP for joint efforts to deal with economic challenges

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has asked the...

Published 04 Mar, 2024 04:15am

Opinion

Challenging times

With the unfolding of a new chapter in Pakistan’s checkered political history, the much turbulent and fought for...

Updated 02 Mar, 2024 04:37am

Jul-Feb trade deficit falls 30.2pc to $14.87bn YoY

ISLAMABAD: Pakistan’s trade deficit narrowed down by 30.18 percent in the first eight months (July-February) of the...

Updated 02 Mar, 2024 09:23am

Pakistan

China rolls over $2bn loan to Pakistan, says caretaker finance minister

ISLAMABAD: China has rolled over a $2-billion loan to Pakistan, caretaker finance minister Shamshad Akhtar confirmed...

Updated 29 Feb, 2024 11:13pm

Finance minister’s slot: New govt may not accept non-party technocrat

ISLAMABAD: Pakistan Muslim League (PML-N)-led coalition government may be reluctant to accept a non-party technocrat...

Updated 29 Feb, 2024 01:44pm

Business & Finance

Economic sectors: Chinese CG for collaboration between private sectors

LAHORE: Consul General of China, Zhao Shiren, emphasized the potential for collaboration between the private sectors...

Published 28 Feb, 2024 06:10am

Business & Finance

Need for combating illicit tobacco trade for economic boost stressed

LAHORE: Emphasising the need for documenting and taxing illicit tobacco transactions, the experts have called for...

Published 28 Feb, 2024 06:10am

Opinion

There’s need to focus on economy

Breaking a two-week impasse following elections, Pakistan’s political power-brokers, after extensive negotiations,...

Published 24 Feb, 2024 06:42am

Opinion

It’s turtles all the way down

There is an anecdote oft repeated in university environments and I am copying it from Neuroscientist Robert...

Published 24 Feb, 2024 06:42am

Jul-Jan borrowing stands at $6.3bn

Country receives $331.59 million in January 2024

Updated 24 Feb, 2024 06:44pm

Business & Finance

Dar for waging joint efforts to overcome economic challenges

LAHORE: Emphasising the need for waging collective efforts to overcome the economic challenges, former finance...

Published 24 Feb, 2024 06:42am

Business & Finance

SBP official for greater focus on agri development

KARACHI: Deputy Governor State Bank of Pakistan (SBP) Saleem Ullah emphasized the need for greater focus on...

Published 24 Feb, 2024 06:42am

Opinion

An ‘appropriate’ finance minister, and the need for an over-arching ‘economic minister’

As a new elected government is about to come into office, there is talk of who should be the finance minister....

Updated 23 Feb, 2024 06:58am

Pakistan to seek at least $6bn in new IMF loan programme

NEW YORK: Pakistan plans to seek a new loan of at least $6 billion from the International Monetary Fund to help the...

Updated 23 Feb, 2024 11:03am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	156.17
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 25	5048.42
Nasdaq / Apr 25	15611.76
Dow Jones / Apr 25	38085.80
India Sensex / Apr 26	74171.68
Tokyo Nikkei / Apr 26	37934.72
Hang Seng / Apr 26	17626.75
FTSE 100 / Apr 26	8123.98
Germany DAX 30 / Apr 26	18016.27

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 25	20535
Gold 10 Grams PKR / Apr 25	240900
Crude Oil USD/Barrel / Apr 26	83.89
Gold Spot USD/Ounce / Apr 26	2336.33
Cotton US¢/pound / Apr 26	81.15
Petrol/Litre / Apr 27	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Markets →

Calculate your monthly liability in FY24

Economic distress

Most Popular