Trends - Economic distress - Business Recorder

Economic distress

Privatisation of SOEs: a focus on PIA

Pakistan’s economy is confronting numerous challenges like fiscal deficits, low savings, limited investment, low...

Updated 23 May, 2024 05:55am

Mid-year review: 77pc borrowing for financing fiscal deficit thru domestic sources: MoF

ISLAMABAD: The government has borrowed around 77 percent for financing of federal fiscal deficit through domestic...

Updated 23 May, 2024 09:22am

Editorials

GDP growth for the current year

EDITORIAL: Pakistan Bureau of Statistics (PBS) estimated Gross Domestic Product growth rate for the current year at...

Updated 23 May, 2024 05:46am

Opinion

From IMF to IT

Digital revolution. E-commerce. On line expansion. Artificial intelligence. This is what the world has been talking...

Updated 22 May, 2024 06:17am

Aurangzeb tells PRBC team: FBR digitalisation to broaden tax net

ISLAMABAD: Finance Minister Muhammad Aurangzeb Tuesday informed Pakistan Retail Business Council (PRBC) that...

Updated 22 May, 2024 09:27am

Federal Budget: PM pledges more facilities for investors

Chairs first meeting of Economic Advisory Council

Updated 22 May, 2024 09:29am

Business & Finance

$171m RDA inflows received in April: SBP

KARACHI: Pakistan has received gross inflows of $171 million in Roshan Digital Accounts (RDA) in April 2024, the...

Published 22 May, 2024 05:54am

Pakistan

‘Not an experiment’: At 59, Miftah Ismail is hoping for a sweet transition with political party launch

KARACHI: At 59, Dr Miftah Ismail can lead a sweet life. A little over 31% share in a company valued by stock market...

Updated 20 May, 2024 11:14am

Opinion

U-turn on net metering

Delivering a powerful speech at a closing Plenary- Rejuvenating Growth of the World Economic Forum on 29th April...

Published 20 May, 2024 05:44am

Opinion

Flawed IMF programme design

The International Monetary Fund’s (IMF’s) analysis and prescriptions in the second and final review document...

Updated 20 May, 2024 06:19am

Opinion

Need for a balanced revenue-sharing framework

One of the key demands of the IMF is to increase the tax-to-GDP ratio to 13-14 percent by the end of the upcoming...

Updated 20 May, 2024 06:21am

Apr FDI inflow up 172pc to $358.84m YoY

KARACHI: The inflow of Foreign Direct Investment (FDI) in Pakistan has increased by 172 percent on year-on-year...

Updated 18 May, 2024 04:58pm

Opinion

Fundamental reforms for survival

Pakistan is persistently confronting economic challenges, the resolution of which hinge on IMF’s new programme,...

Published 17 May, 2024 05:50am

Public debt soars to Rs39.7trn, NA told

ISLAMABAD: The external debt was recorded at $86.36 billion and domestic debt was recorded at Rs39.7 trillion of the...

Updated 17 May, 2024 12:39pm

Editorials

FBR must stop leaning on crutches

EDITORIAL: In a fresh indicator of the Federal Board of Revenue’s (FBR’s) utter inability to carry out its basic job...

Published 17 May, 2024 05:50am

Opinion

The AJK curtain-raiser

I fear the recent unrest in AJK was not an isolated affair, nor does the delayed Rs35bn sweetener mean the end of ...

Published 16 May, 2024 06:28am

Business & Finance

Pakistan can become a $1 trillion economy by 2035: minister

ISLAMABAD: Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal said that there is a need...

Published 16 May, 2024 06:28am

Pakistan

Nation suffering due to wrong priorities of policymakers

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

Published 15 May, 2024 05:47am

Opinion

Time to act: 9 cents/kWh

The country faces daunting economic challenges. A shrinking industrial base, a bulging workforce with no jobs to...

Updated 15 May, 2024 06:28am

H1FY24: Driven by agri sector, real GDP grew 1.7pc: SBP

Macroeconomic conditions improve during first half of fiscal year 2024

Updated 15 May, 2024 09:24am

Business & Finance

Political uncertainty impacting economy: SBP

KARACHI: Despite some improvement in macroeconomic indicators, economy continues to grapple with the structural...

Published 15 May, 2024 05:47am

Business & Finance

H2FY24: SBP expects continuation of modest recovery

KARACHI: The State Bank of Pakistan (SBP) expects continuation of modest economic recovery in the second half of ...

Published 15 May, 2024 05:47am

Opinion

Strategy for sustainable growth: Energy-efficient textile industry

Since 2000, there has been a significant outburst in the global energy consumption, paralleled by Pakistan’s rising...

Published 13 May, 2024 06:08am

Opinion

Growth model needs to be long term

Pakistan has never achieved impressive growth rates in its history with the highest rate (average) achieved in the...

Published 13 May, 2024 06:08am

Business & Finance

Economic growth: Senate chief extols traders’ crucial role

MULTAN: Chairman Senate Syed Yusuf Raza Gilani on Sunday commended the indispensable role of the business community...

Published 13 May, 2024 06:08am

Editorials

Taxation: maybe we need a rethink

EDITORIAL: The IMF (International Monetary Fund) may ask the government to enhance the tax collection to reach 13...

Published 13 May, 2024 06:08am

‘Independents’ won more seats than any other group: IMF

Pakistan

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 23	278.42
USD PKR Interbank Buying / May 23	278.22
USD to Japanese Yen / May 23	156.74
USD to Swiss Franc / May 23	0.91
Pound Sterling to USD / May 23	1.27
Euro to USD / May 23	1.08

Stock	Volume
S&P 500 / May 22	5307.01
Nasdaq / May 22	16801.54
Dow Jones / May 22	39671.04
India Sensex / May 23	74667.86
Tokyo Nikkei / May 23	39034.80
Hang Seng / May 23	18845.59
FTSE 100 / May 23	8373.47
Germany DAX 30 / May 23	18748.98

Item	Value
Crude Oil USD/Barrel / May 23	76.94
Karachi Cotton PKR/37.32 KG / May 23	19935
Gold 10 Grams PKR / May 23	207476
Gold Spot USD/Ounce / May 23	2362.37
Cotton US¢/pound / May 23	79
Petrol/Litre / May 24	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 24 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 24 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 24 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 24 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 24 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 24 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 24 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 24 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 24 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 24 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 24 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 24 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 24 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Markets →

Calculate your monthly liability in FY24

Economic distress

Most Popular