Trends - Economic distress - Business Recorder

Economic distress

Rising panic over blocked imports in crisis-hit Pakistan

ISLAMABAD: Pakistan business chiefs are clamouring for the cash-strapped government to allow manufacturing materials...

Updated 14 Feb, 2023 09:06am

IMF, govt look to reach deal

ISLAMABAD: Talks between the International Monetary Fund and Pakistan will resume virtually on Monday, a Pakistani...

Updated 14 Feb, 2023 09:04am

Gas prices hiked

ISLAMABAD: The government has increased up to 124 percent in the gas prices for domestic consumers from January 1,...

Updated 14 Feb, 2023 09:08am

Markets

Pakistan plans to quadruple domestic coal-fired power, move away from gas

ISLAMABAD: Pakistan plans to quadruple its domestic coal-fired capacity to reduce power generation costs and will ...

Published 14 Feb, 2023 01:00am

Business & Finance

Car sales drop to 31-month low in Pakistan

Amount to 10,867 units in January 2023 after 36% month-on-month drop

Published 13 Feb, 2023 10:11pm

Markets

KSE-100 inches down in range-bound session

Index retreats 0.06% as investors remained wary of economic uncertainty

Published 13 Feb, 2023 06:01pm

Business & Finance

January foreign remittances at 31-month low, clock in at $1.9bn

Inflow declines for fifth successive month

Published 13 Feb, 2023 03:57pm

Opinion

Does Pakistan need domestic debt restructuring?

There is growing consensus over the need for debt restructuring within the policymaking community. However, many...

Published 13 Feb, 2023 06:03am

Opinion

Pakistan: grave economic distress

On 26 January 2023 inanely shackling the dollar to what was nothing but wishful thinking ended and the interbank ...

Published 13 Feb, 2023 05:57am

Business & Finance

Spectrum availability not being fully utilised by CMOs

ISLAMABAD: The government has sufficient spectrum to offer for any future spectrum auction for NGMS in Pakistan;...

Updated 13 Feb, 2023 09:20am

Editorials

The review: not yet successful

EDITORIAL: The Secretary Finance put a positive spin on the final day of discussions/negotiations with the...

Published 13 Feb, 2023 05:57am

Business & Finance

Reforms aimed at enhancing productivity can help economy grow sustainably, says World Bank

ISLAMABAD: Pakistan’s economy can grow sustainably only if the country introduces productivity-enhancing reforms...

Published 11 Feb, 2023 07:41am

Business & Finance

Raw materials, PKR, inflation: pharma industry urges govt to help resolve issues

LAHORE: In the wake of increase in the prices of raw material, devaluation of Pakistani rupee and unprecedented...

Published 11 Feb, 2023 07:36am

Business & Finance

PBC underscores need for taxing untaxed sectors

KARACHI: Chief Executive of Pakistan Business Council (PBC) Ehsan Malik has forwarded suggestions to Federal Finance...

Published 11 Feb, 2023 06:26am

Editorials

Imminent ‘catastrophe’

EDITORIAL: The government is trying to keep a straight face, but it seems pretty helpless as around 40 ...

Published 11 Feb, 2023 05:57am

IMF-govt talks give birth to ‘mini-budget’

Finance Minister Ishaq Dar says government has agreed to impose Rs170 billion in additional taxes

Updated 11 Feb, 2023 05:15pm

Pakistan’s external position under significant stress: Moody’s

ISLAMABAD: Pakistan’s external position is under significant stress following delays in securing official sector...

Updated 11 Feb, 2023 09:02am

Gas tariffs to be raised for consumers of SNGPL, SSGC

ISLAMABAD: Gas tariffs will have to be raised by Rs 98 per mmbtu for SNGPL consumers and Rs 109.91 per mmbtu for ...

Updated 11 Feb, 2023 05:15pm

Business & Finance

Pakistan needs productivity-enhancing reforms: World Bank

Report says that by closing female employment gap relative to its peers, Pakistan can accrue GDP gains of up to 23%

Updated 10 Feb, 2023 11:03pm

Business & Finance

Companies pause operations in Pakistan as economic conditions worsen

Khalid Siraj Textile Mills and Ghandhara Tyre and Rubber Company recently said they were halting factory operations

Updated 10 Feb, 2023 02:56pm

Pakistan

Govt to impose Rs170bn in additional taxes, MEFP shared with Pakistan: Dar

Finance minister says power sector reforms, minimising untargeted subsidy key priorities for IMF programme revival

Updated 10 Feb, 2023 09:10pm

Business & Finance

Pak Suzuki increases bike prices by 10%

New rates are applicable from February 10

Published 09 Feb, 2023 08:04pm

Business & Finance

Pak Suzuki raises car prices for second time in a month

Automobile rates hiked by up to Rs350,000

Updated 09 Feb, 2023 04:45pm

Business & Finance

330 govt buildings: PD blames uncertainty over LCs for failure of solarisation plan

ISLAMABAD: Power Division has reportedly held State Bank of Pakistan (SBP) responsible for failure of solarization ...

Published 09 Feb, 2023 06:51am

Business & Finance

Bilawal urges IMF not to ignore flood-hit people’s plight

KARACHI: Chairman Pakistan People’s Party (PPP) and Foreign Minister Bilawal Bhutto Zardari has promised that the...

Published 09 Feb, 2023 06:46am

Opinion

The wrong state of affairs

It wouldn’t be wrong to say that the issues with the Pakistan’s economy are deep rooted, while controllers of ...

Published 09 Feb, 2023 06:41am

Opinion

Editorials

The only way forward

EDITORIAL: Credible media reports, local as well as international, indicate that there is a massive disconnect...

Published 09 Feb, 2023 06:02am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 14	278.71
USD PKR Interbank Buying / Jun 14	278.51
USD to Japanese Yen / Jun 14	157.40
USD to Swiss Franc / Jun 14	0.89
Pound Sterling to USD / Jun 14	1.28
Euro to USD / Jun 14	1.07

Stock	Volume
S&P 500 / Jun 14	5,431.60
India Sensex / Jun 14	76,992.77
Tokyo Nikkei / Jun 14	38,814.56
Nasdaq / Jun 14	17,688.88
Hang Seng / Jun 14	17,941.78
FTSE 100 / Jun 14	8,146.86
Dow Jones / Jun 14	38,589.16
Germany DAX 30 / Jun 14	18,002.02

Item	Value
Crude Oil USD/Barrel / Jun 14	78.45
Karachi Cotton PKR/37.32 KG / Jun 14	19,935
Gold 10 Grams PKR / Jun 14	207,047
Gold Spot USD/Ounce / Jun 14	2,333.04
Cotton US¢/pound / Jun 14	72.14
Petrol/Litre / Jun 16	258.16

Gainers
Losers
Leaders

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

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

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

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