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EFF

Only photovoltaic cells exempted from sales tax: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has clarified that the exemption of sales tax previously available on...

Updated 02 Dec, 2023 03:33pm

Editorials

Reaping the result of Dar’s stubbornness?

EDITORIAL: In a spirited defence of his signature policy to control the external value of the rupee, former...

Updated 30 Nov, 2023 04:27pm

Opinion

Reliance on foreign loans

Economic Affairs Division in its foreign economic assistance (FEA) data disclosed a 58 percent rise in foreign loan...

Updated 30 Oct, 2023 05:51am

Annual report on state of economy for FY23: Structural weaknesses exacerbated impact of supply shocks: SBP

KARACHI: Pakistan’s economy faced multiple challenges during FY23, as longstanding structural weaknesses exacerbated...

Updated 24 Oct, 2023 09:12am

Editorials

Setting the record straight

EDITORIAL: Spare a thought for the caretaker setup. Their only fault, after all, is being in the wrong place at the...

Published 02 Sep, 2023 06:30am

Opinion

Trade conundrum: who is at fault?

The July 2023 trade data indicates an improvement in the trade deficit – from negative 1.863 billion dollars to...

Published 28 Aug, 2023 06:27am

Editorials

The IMF conditions

EDITORIAL: The statement by the Resident Representative of the International Monetary Fund (IMF) in Islamabad on 23...

Published 28 Aug, 2023 06:27am

Inflows improved in July: IMF SBA gives comfort level to multilaterals, bilaterals: MEA officials

ISLAMABAD: The staff level agreement on the Stand-By Arrangement (SBA) with the International Monetary Fund (IMF)...

Updated 23 Aug, 2023 10:17am

Opinion

Caretakers must ensure fiscal discipline

The last official document on the state of the economy prior to the end of the tenure of the eleven-party coalition...

Published 21 Aug, 2023 06:43am

Opinion

Pakistan & Argentina: two economic scenarios

“On July 28, the Argentine authorities and IMF staff reached a staff-level agreement on the combined fifth and sixth...

Updated 18 Aug, 2023 06:17am

Opinion

Path of maximum uncertainty

The market’s given a roaring farewell to the coalition government (up about 20pc since the SBA) but – write this...

Published 10 Aug, 2023 06:35am

Editorials

Why the budget was changed

EDITORIAL: Finance Minister Ishaq Dar stated the obvious during his briefing to the National Assembly Standing...

Published 09 Aug, 2023 05:33am

Opinion

The indictment of monetary policy

The Stand-By Arrangement (SBA) documents uploaded on the International Monetary Fund (IMF) website this Tuesday ...

Published 24 Jul, 2023 06:11am

Opinion

Economic policy consensus: It’s not always a good thing

There are two sides to a coin as they are to any argument – be it the result of informed debate and subsequent...

Published 17 Jul, 2023 03:47am

Opinion

Call a spade a spade

The refrain from the Prime Minister’s office prior to 23 June 2023 that all International Monetary Fund (IMF)...

Updated 10 Jul, 2023 07:31am

Editorials

Fiscal imbalance

EDITORIAL: The gap between the boom-and-bust cycle is contracting in Pakistan, indicated by the staff-level ...

Published 10 Jul, 2023 06:52am

Key objectives under new programme: To govt’s chagrin, IMF team calls on PTI chairman

ISLAMABAD/ LAHORE: The International Monetary Fund (IMF) has approached major political parties in Pakistan,...

Updated 08 Jul, 2023 08:56am

Opinion

SBA won’t cut it

Fine, it was the single biggest one-day jump in the stock market in 15 years. But is it really that unbelievable,...

Updated 06 Jul, 2023 06:20am

Liquidity risks remain high despite IMF deal: Moody’s

ISLAMABAD: The government’s liquidity risks remain high despite the International Monetary Fund (IMF) staff-level...

Updated 05 Jul, 2023 08:59am

Govt’s LoI to IMF contains 9 major assurances

Pakistan assures that no new tax amnesty would be granted during the next nine months

Updated 04 Jul, 2023 09:52am

Opinion

Kicking the can

An IMF (International Monetary Fund) deal is finally done. This is good news as it has averted the growing concerns...

Updated 03 Jul, 2023 07:58am

9-month $3bn SBA reached with IMF

ISLAMABAD: The International Monetary Fund (IMF) and Pakistan have reached a 3 billion dollars nine-month Stand-By...

Published 02 Jul, 2023 03:13am

Pakistan

A new stand-by arrangement with the IMF: here are some key points

After a massive delay, govt succeeds in convincing IMF to allot it more money than expected

Published 30 Jun, 2023 12:39pm

IMF says govt has taken ‘decisive’ steps

ISLAMABAD: The International Monetary Fund (IMF) continues discussions with Pakistani authorities with the aim of...

Updated 28 Jun, 2023 09:01am

Opinion

IMF must release the stalled tranche

That the incumbent government has done anything and everything to keep the International Monetary Fund (IMF) in good...

Published 27 Jun, 2023 06:15am

Dollar bonds jump on revised budget passage

Shorter-dated securities see biggest gains with the 2024 bond adding more than 3 cents before retracing some of the gains

Updated 27 Jun, 2023 09:07am

Business & Finance

‘Plan B’: Govt urged to take nation into confidence

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

Published 26 Jun, 2023 07:56am

Opinion

FY23: a very bad year for economy

The Economic Survey of Pakistan (2022-23), released by the Ministry of Finance (MoF), as per tradition a day before...

Published 23 Jun, 2023 06:00am

Business & Finance

PM briefs IMF chief, hopes for release of stalled funds

PARIS: Prime Minister Shehbaz Sharif on Thursday briefed International Monetary Fund’s managing director Kristalina...

Published 23 Jun, 2023 06:00am

Pakistan not on IMF board’s agenda

The current IMF programme of $6.5 billion is scheduled to end on June 30

Updated 20 Jun, 2023 12:26pm

Gainers
Losers
Leaders

Stock	Price
First Elite Cap.Mod / Dec 8 First Elite Capital Modaraba(FECM)	5 ▲ 1.00 (25.00%)
Chakwal Spinning / Dec 8 Chakwal Spinning Mills Limited(CWSM)	2.44 ▲ 0.40 (19.61%)
Punjab Mod / Dec 8 First Punjab Modaraba(FPJM)	1.98 ▲ 0.27 (15.79%)
Saritow Spinning / Dec 8 Saritow Spinning Mills Limited(SSML)	8.35 ▲ 1.00 (13.61%)
Jubilee Spinning / Dec 8 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.80 ▲ 1.00 (12.82%)
F.Treet Manuf / Dec 8 First Treet Manufacturing Modaraba(FTMM)	4.60 ▲ 0.50 (12.20%)
K-Electric Ltd. / Dec 8 K-Electric Limited(KEL)	4.45 ▲ 0.48 (12.09%)
Samba Bank / Dec 8 Samba Bank Limited(SBL)	9.35 ▲ 1.00 (11.98%)
P.T.C.L. / Dec 8 Pakistan Telecommunication Company Ltd(PTC)	9.72 ▲ 1.00 (11.47%)
Dewan Textile / Dec 8 Dewan Textile Mills Limited(DWTM)	4.75 ▲ 0.47 (10.98%)

Stock	Price
Sec. Inv. Bank / Dec 8 Security Investment Bank Limited(SIBL)	5.74 ▼ -1.00 (-14.84%)
Tri-Star Mutual / Dec 8 Tri-Star Mutual Fund Limited(TSMF)	5.05 ▼ -0.49 (-8.84%)
Supernet Ltd. / Dec 8 Supernet Limited(GEMSPNL)	12.90 ▼ -1.05 (-7.53%)
Universal Network (GEM) / Dec 8 Universal Network Systems Limited (GEM)(GEMUNSL)	23.53 ▼ -1.91 (-7.51%)
Leather Up Ltd. / Dec 8 Leather Up Limited(LEUL)	10.54 ▼ -0.81 (-7.14%)
Trust Mod. / Dec 8 Trust Modaraba(TRSM)	2 ▼ -0.15 (-6.98%)
LSE Propetech / Dec 8 LSE Propetech Limited(LSEPL)	4.46 ▼ -0.33 (-6.89%)
Ismail Ind. / Dec 8 Ismail Industries Limited(ISIL)	1300 ▼ -95.00 (-6.81%)
Kohat Textile / Dec 8 Kohat Textile Mills Limited(KOHTM)	18.31 ▼ -1.19 (-6.10%)
Hoechst Pak. / Dec 8 Hoechst Pakistan Limited(HPL)	1200 ▼ -77.00 (-6.03%)

Stock	Volume
K-Electric Ltd. / Dec 8 K-Electric Limited(KEL)	341,598,066 ▲ 0.48
Cnergyico PK / Dec 8 Cnergyico PK Limited(CNERGY)	98,899,853 ▲ 0.02
WorldCall Telecom / Dec 8 Worldcall Telecom Limited(WTL)	97,311,739 ▲ 0.04
Hascol Petrol / Dec 8 Hascol Petroleum Limited(HASCOL)	60,506,500 ▲ 0.27
P.T.C.L. / Dec 8 Pakistan Telecommunication Company Ltd(PTC)	57,212,000 ▲ 1.00
Kohinoor Spining / Dec 8 Kohinoor Spinning Mills Limited(KOSM)	56,298,000 ▲ 0.42
Fauji Foods Ltd / Dec 8 Fauji Foods Limited(FFL)	47,608,697 ▲ 0.96
Pak Elektron / Dec 8 Pak Elektron Limited(PAEL)	42,544,241 ▲ 1.23
Hum Network / Dec 8 Hum Network Limited(HUMNL)	40,175,500 ▲ 0.07
TPL Properties / Dec 8 TPL Properties Limited(TPLP)	36,065,929 ▲ 0.08

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 8	284.30
USD PKR Interbank Buying / Dec 8	283.95
USD to Japanese Yen / Dec 8	143.72
USD to Swiss Franc / Dec 8	0.88
Pound Sterling to USD / Dec 8	1.26
Euro to USD / Dec 8	1.08
UK LIBOR % / Dec 7	5.48

Stock	Volume
S&P 500 / Dec 7	4585.59
Nasdaq / Dec 7	14340
Dow Jones / Dec 7	36117.38
India Sensex / Dec 8	69810.76
Tokyo Nikkei / Dec 8	32305.33
Hang Seng / Dec 8	16275.13
FTSE 100 / Dec 8	7514.73
Germany DAX 30 / Dec 8	16654.79
France CAC40 / Dec 8	7458.02

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 7	17235
Gold 10 Grams PKR / Dec 7	187671
Crude Oil USD/Barrel / Dec 8	70.35
Gold Spot USD/Ounce / Dec 8	2031.22
Cotton US¢/pound / Dec 8	82.72

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