Trends - Economic distress - Business Recorder

Economic distress

Need for revisit of deeply-rooted neoliberal economic policy mindset

In his visit to China, with PM and some other cabinet members, the finance minister, Muhammad Aurangzeb, while...

Published 07 Jun, 2024 06:24am

Editorials

Policy rate manoeuvrability

EDITORIAL: Domestic pressure is clearly mounting on the Monetary Policy Committee scheduled to meet on June 10 to...

Updated 07 Jun, 2024 10:55am

Business & Finance

Upcoming budget: SIFC should advocate 26pc rise in tobacco taxes: SPARC

ISLAMABAD: The Society for the Protection of the Rights of the Child (SPARC) has requested the Special Investment...

Updated 05 Jun, 2024 07:13am

Contractual obligations, rollovers, loans: PM’s China visit aims at getting a breathing space

Sources say PM hopes to secure Chinese cooperation in agriculture, information technology, energy, and alternative energy under CPEC

Updated 04 Jun, 2024 09:41am

Inflation slows to 11.8pc in May, lowest in 30 months

ISLAMABAD: The Consumer Price Index (CPI) based inflation increased to 11.8 per cent on a year-on-year (YoY) basis...

Updated 04 Jun, 2024 09:33am

Editorials

The PM’s visit to China

EDITORIAL: The Chinese Ambassador to Pakistan, Jiang Zeidong, recently stated that Prime Minister Shehbaz Sharif’s...

Updated 04 Jun, 2024 06:50am

Export-oriented sectors: MoC advocates concessional power tariff

Says key industrial export sectors of Pakistan struggling to recover and gain lost share in global markets

Updated 03 Jun, 2024 09:35am

Business & Finance

FD setting dollar value at Rs295: Traders likely to experience additional currency depreciation: PBF

LAHORE: The Pakistan Business Forum (PBF) has warned that the business community is likely to experience additional...

Published 03 Jun, 2024 06:30am

APCC approves Rs1221bn federal PSDP

ISLAMABAD: The Annual Plan Coordination Committee (APCC) has approved Rs1,221 billion federal PSDP for the next...

Updated 01 Jun, 2024 02:03pm

Business & Finance

Lucky TG to buyback shares amid ‘uncertain economic conditions’

Citing economic conditions, Lucky Core Industries Limited’s (LCI) subsidiary Lucky TG (Private) Limited (LTG) will...

Updated 30 May, 2024 10:22pm

Business & Finance

Govt determined to promote investment: governor

LAHORE: Governor Punjab Sardar Saleem Haider Khan has said that the government was determined to promote investment...

Published 30 May, 2024 06:19am

Opinion

Auto industry

Pakistan’s automobile industry is stunted and dysfunctional. Customers must “book” a vehicle and wait upwards of...

Published 29 May, 2024 06:05am

Opinion

SIFC—a better role

The SIFC was created with a mandate to facilitate much-needed investments from foreign public and private entities...

Published 29 May, 2024 06:05am

Editorials

A bleak investment outlook

EDITORIAL: In a much-needed fillip for Pakistan’s floundering investment landscape, Prime Minister Shehbaz Sharif’s...

Published 29 May, 2024 06:05am

Opinion

Budget 2024-25: expectations

A budget is not merely a document of aggregated information on revenues, capital, and external receipts and on the...

Published 28 May, 2024 05:30am

Opinion

Big financing risks

The IMF Staff Mission has left Pakistan after a series of meetings on the next Fund Programme in the form of an...

Updated 28 May, 2024 05:54am

Editorials

Phenomenal rise in domestic borrowing

EDITORIAL: The government borrowed up to 77 percent domestically to finance its fiscal deficit in the first six...

Updated 28 May, 2024 05:52am

Opinion

Budget projections for FY25

There is overwhelming evidence that approval of the budget for next fiscal year, reportedly to be presented to...

Updated 27 May, 2024 06:33am

Opinion

The long and winding road to revitalising investment

Pakistan’s investment-to-GDP ratio is at its lowest in fifty years, despite promises of tens of billions in ...

Updated 27 May, 2024 06:54am

Editorials

IMF programme: there is need for design audit

EDITORIAL: Multilaterals, including the International Monetary Fund (IMF), have developed independent audit...

Updated 27 May, 2024 06:29am

Business & Finance

IMF’s EFF: Notable progress made towards reaching SLA

ISLAMABAD: The International Monetary Fund (IMF) and the Pakistani authorities made significant progress towards...

Published 25 May, 2024 05:32am

Share under NFC Award: Govt may explore option of sharing debt servicing, power circular debt with provinces

Government left with only 42.5 percent from divisible pool with interest payments and circular energy debt no longer sustainable

Updated 25 May, 2024 08:29pm

Business & Finance

Cost of CPEC’s ML1 project cut to $6.8bn

ISLAMABAD: Federal Minister for Planning Development and Special Initiatives, Ahsan Iqbal said on Friday that...

Published 25 May, 2024 05:32am

Opinion

Budgets 2024: thinking afresh

“Simplify taxes, reduce the cost of excessive documentation, open the economy for higher growth and employment,...

Updated 24 May, 2024 05:49am

Opinion

Primary surplus, fiscal deficit, over-board austerity policy, and existential threats

International Monetary Fund (IMF) wishes government to have primary surplus, which means that before paying interest...

Updated 27 May, 2024 07:12pm

Opinion

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 7	278.25
USD PKR Interbank Buying / Jun 7	278.05
USD to Japanese Yen / Jun 7	155.68
USD to Swiss Franc / Jun 7	0.89
Pound Sterling to USD / Jun 7	1.28
Euro to USD / Jun 7	1.09

Stock	Volume
S&P 500 / Jun 6	5352.96
Nasdaq / Jun 6	17173.12
Dow Jones / Jun 6	38886.17
India Sensex / Jun 7	75946.91
Tokyo Nikkei / Jun 7	38621.49
Hang Seng / Jun 7	18347.09
FTSE 100 / Jun 7	8256.87
Germany DAX 30 / Jun 7	18571.03

Item	Value
Crude Oil USD/Barrel / Jun 7	75.78
Karachi Cotton PKR/37.32 KG / Jun 7	19935
Gold 10 Grams PKR / Jun 7	208333
Gold Spot USD/Ounce / Jun 7	2380.23
Cotton US¢/pound / Jun 7	73.60
Petrol/Litre / Jun 8	268.36

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 8 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 8 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 8 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 8 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 8 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 8 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 8 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 8 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 8 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 8 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 8 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 8 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 8 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 8 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 8 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 8 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 8 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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