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economy

Govt optimistic to achieve over 5% economic growth, says Tarin

Adviser to Prime Minister on Finance and Revenue Shaukat Tarin says inflation would decline in the coming months as international commodity rate stabilizes

Published 06 Dec, 2021 03:18pm

Business & Finance

Tarin calls for patience as economy 'moving in right direction'

Statement comes after Pakistan recorded a historic high import bill in November, raising concerns on current account position

Published 03 Dec, 2021 06:51pm

Business & Finance

Burgeoning circular debt termed serious threat to economy

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

Published 03 Dec, 2021 04:31am

Business & Finance

Canadian dollar rallies as air of calm returns to financial markets

TORONTO: The Canadian dollar rebounded against the greenback on Monday as data showed Canada’s current account...

Published 30 Nov, 2021 05:23am

Business & Finance

Spanish inflation soars to 29-year high

MADRID: Spanish inflation accelerated in November to its highest level in nearly three decades on the back of rising...

Published 30 Nov, 2021 05:23am

World

S Africa says it is being punished for early Covid variant detection

JOHANNESBURG: South Africa said on Saturday it was being punished for its advanced ability to detect new COVID-19...

Published 28 Nov, 2021 05:38am

Business & Finance

Decline in oil prices to bode well for Pakistan’s economy: Fawad

International prices plunged $10 a barrel on Friday, the largest one-day drop since April 2020

Updated 27 Nov, 2021 08:26pm

Markets

Tarin warns 'speculators', says rupee will reverse direction

Advisor to PM on finance says, based on REER, the currency should be around 165-167 against the US dollar
Remarks come amid reports that rupee crossed 176 in inter-bank trading on Friday

Updated 26 Nov, 2021 07:59pm

Markets

Nickel and tin boosted by low inventories and China outlook

LONDON: Nickel neared seven-year highs and tin reached a record peak before taking a breather later on Thursday, ...

Published 26 Nov, 2021 05:15am

Pakistan

Govt to bring ‘mini-budget’ in coming days: Shaukat Tarin

Advisor on finance says government will withdraw tax exemptions worth Rs350 billion in the upcoming mini-budget

Updated 24 Nov, 2021 02:49pm

BR Research

Writing on the wall

The headlines write themselves. The government and SBP’s self-congratulation on keeping economy afloat during the...

Published 24 Nov, 2021 08:03am

Markets

KSE-100 suffers 1.74% fall, finishes below 45,000

Index has retreated 3.3% in two sessions as interest-rate hike worries investors

Updated 23 Nov, 2021 08:15pm

Business & Finance

Govt to increase PDL by Rs4 every month after IMF agreement

Adviser to PM on Finance says govt would ensure legislation for SBP autonomy

Updated 22 Nov, 2021 10:02pm

BR Research

Interview with Dr. Khalid Saeed

“The undocumented economy needs to be left unencumbered,” Dr. Khalid Saeed Dr. Khalid Saeed is a Professor of...

Published 22 Nov, 2021 07:30am

World

Rebel group executes rapist in Myanmar’s northwest

YANGON: A rebel group in Myanmar’s northwest said on Saturday they have executed a convicted rapist who allegedly...

Published 21 Nov, 2021 04:19am

Pakistan

Unexpected level of current account deficit, inflation led to hike in policy rate: Dr Reza Baqir

SBP governor says Friday's MPC announcement will help address concerns over the economy

Updated 20 Nov, 2021 08:48pm

Business & Finance

Monetary policy: Experts say rate hike higher than expected

Market expected interest-rate increase of up to 100 basis points

Updated 19 Nov, 2021 09:20pm

Markets

Monetary policy: SBP raises key interest rate by 150 basis points, takes it to 8.75%

Also announces revised schedule of upcoming MPC meetings
Next announcement to be made on December 14, says central bank

Updated 19 Nov, 2021 07:41pm

Business & Finance

Tarin expresses concern over inflation, but confident regarding exchange rate

Advisor to Prime Minister on Finance and Revenue Shaukat Tarin has expressed concern over inflation owing to rise in...

Updated 16 Nov, 2021 03:31pm

Civil servants urged to uphold highest morals, ethics

ISLAMABAD: Prime Minister Imran Khan said acceptance of corruption by the society has greatly harmed and damaged the...

Updated 10 Nov, 2021 09:46am

Business & Finance

Japan's October service sector sentiment at highest in nearly 8 years

TOKYO: Japan's service sector sentiment index in October rose to its highest level in nearly eight years after...

Published 09 Nov, 2021 12:41pm

Business & Finance

Need to double tax-to-GDP ratio, says Shaukat Tarin

Advisor to Prime Minister on Finance and Revenue says business community will not be harassed, but will have to pay taxes

Updated 08 Nov, 2021 03:36pm

Pakistan

Govt fully aware of inflation's impact on poor: PM Imran

Says govt bearing burden of Rs450 billion to reduce negative effect of rising prices

Updated 05 Nov, 2021 10:08pm

Perspectives

Pakistan largely meeting IMF’S quantitative and indicative structural targets

Revival of IMF programme will strengthen rupee and bring much-needed stability in external account

Published 04 Nov, 2021 08:05pm

Business & Finance

Slowing growth creates headache for next German government

FRANKFURT: The German government will publish its latest growth forecast on Wednesday as it prepares to hand over ...

Published 27 Oct, 2021 09:30am

Business & Finance

PM Imran invites Saudi Arabia to benefit from Pakistan's economic offerings

Says private sectors of both countries can take advantage of cordial bilateral relations

Updated 25 Oct, 2021 07:29pm

Pakistan

Pakistan's current account deficit narrows to $1.11 billion in September

Improvement in balance of trade helps bring down deficit on a monthly basis

Updated 20 Oct, 2021 08:31am

Business & Finance

Japan scrutinising impact of yen fall on its economy, says minister

TOKYO: Japanese Finance Minister Shunichi Suzuki said on Friday the government will scrutinise the fallout from...

Published 18 Oct, 2021 04:42am

Business & Finance

IMF validating data, negotiations moving in right direction: Tarin

Says IMF appreciates progress made on the programme, announcement on next tranche to follow soon

Updated 16 Oct, 2021 05:53pm

Business & Finance

Govt committed to inclusive, sustainable economic growth: Tarin

Finance Minister Shaukat Tarin has said that the government is committed to inclusive and sustainable economic ...

Published 16 Oct, 2021 11:16am

Gainers
Losers
Leaders

Stock	Price
First Fidelity Leas. / Jul 7 First Fidelity Leasing Modaraba(FFLM)	3.38 ▲ 0.87 (34.66%)
First Pak Mod. / Jul 7 First Pak Modaraba(PAKMI)	2.65 ▲ 0.25 (10.42%)
Unicap Modaraba / Jul 7 Unicap Modaraba(UCAPM)	1.90 ▲ 0.15 (8.57%)
Quetta Textile / Jul 7 Quetta Textile Mills Limited(QUET)	9.10 ▲ 0.65 (7.69%)
Cres.Star Ins. / Jul 7 Crescent Star Insurance Limited(CSIL)	1.97 ▲ 0.14 (7.65%)
Bal. Wheel / Jul 7 Baluchistan Wheels Limited(BWHL)	71.32 ▲ 4.97 (7.49%)
ZIL Limited / Jul 7 ZIL Limited(ZIL)	133.69 ▲ 9.32 (7.49%)
AL-Noor Sugar / Jul 7 Al-Noor Sugar Mills Limited(ALNRS)	64.28 ▲ 4.47 (7.47%)
Data Agro / Jul 7 Data Agro Limited(DAAG)	15.75 ▲ 1.09 (7.44%)
Bilal Fibres / Jul 7 Bilal Fibres Limited(BILF)	2.25 ▲ 0.15 (7.14%)

Stock	Price
Dewan Sugar / Jul 7 Dewan Sugar Mills Limited(DWSM)	2.20 ▲ -0.29 (-11.65%)
Punjab Oil / Jul 7 Punjab Oil Mills Limited(POML)	159.88 ▲ -12.96 (-7.50%)
Shams Textile / Jul 7 Shams Textile Mills Limited(STML)	40.18 ▲ -3.25 (-7.48%)
Gatron Ind. / Jul 7 Gatron (Industries) Limited(GATI)	400.00 ▲ -29.19 (-6.80%)
Fazal Cloth / Jul 7 Fazal Cloth Mills Limited(FZCM)	225.50 ▲ -15.50 (-6.43%)
Gadoon Textile / Jul 7 Gadoon Textile Mills Limited(GADT)	240.10 ▲ -14.90 (-5.84%)
Ashfaq Textile / Jul 7 Ashfaq Textile Mills Limited(ASHT)	10.20 ▲ -0.45 (-4.23%)
Buxly Paints / Jul 7 Buxly Paints Limited(BUXL)	120.00 ▲ -4.97 (-3.98%)
JS Global Cap.XD / Jul 7 JS Global Capital Limited(JSGCL)	75.00 ▲ -2.95 (-3.78%)
F.Treet Manuf / Jul 7 First Treet Manufacturing Modaraba(FTMM)	9.49 ▲ -0.36 (-3.65%)

Stock	Volume
Lotte Chemical / Jul 7 Lotte Chemical Pakistan Limited(LOTCHEM)	5,518,057 ▼ 0.00
Pak Refinery / Jul 7 Pakistan Refinery Limited(PRL)	2,870,056 ▼ 0.00
Nishat ChunPow / Jul 7 Nishat Chunian Power Limited(NCPL)	1,968,000 ▼ 0.00
Sui North Gas / Jul 7 Sui Northern Gas Pipelines Limited(SNGP)	1,943,419 ▼ 0.00
Tri-Star Power / Jul 7 Tri-Star Power Limited(TSPL)	1,634,000 ▼ 0.00
Agritech Limited / Jul 7 Agritech Limited(AGL)	1,594,000 ▼ 0.00
Attock Refinery / Jul 7 Attock Refinery Limited(ATRL)	1,264,599 ▼ 0.00
TPL Properties / Jul 7 TPL Properties Limited(TPLP)	997,886 ▼ 0.00
Cnergyico PK / Jul 7 Cnergyico PK Limited(CNERGY)	893,387 ▼ 0.00
Hum Network / Jul 7 Hum Network Limited(HUMNL)	719,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 6	208.00
USD PKR Interbank Buying / Jul 6	207.80
USD to Japanese Yen / Jul 6	135.65
USD to Swiss Franc / Jul 6	0.97
Pound Sterling to USD / Jul 6	1.19
Euro to USD / Jul 6	1.02
UK LIBOR % / Jul 6	1.56

Stock	Volume
S&P 500 / Jul 6	3845.08
India Sensex / Jul 6	53750.97
Tokyo Nikkei / Jul 6	26338.48
Nasdaq / Jul 6	11361.85
Hang Seng / Jul 6	21405.28
FTSE 100 / Jul 6	7107.77
Dow Jones / Jul 6	31037.68
Germany DAX 30 / Jul 6	12594.52
France CAC40 / Jul 6	5912.38

Item	Value
Crude Oil USD/Barrel / Jul 6	97.80
Karachi Cotton PKR/37.32 KG / Jul 6	16680.00
Gold 10 Grams PKR / Jul 6	118800.00
Gold Spot USD/Ounce / Jul 6	1742.71
Cotton US¢/pound / Jul 6	90.23

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