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Floods in Pakistan

Meeting between Dar, IMF officials: Pakistan reaffirms commitment

GENEVA: Pakistan reiterated its commitment to completing a programme with the International Monetary Fund in a...

Updated 10 Jan, 2023 08:53am

Business & Finance

Market expects Geneva pledges to help ease pressure on foreign exchange reserves

KARACHI: With some $10 billion commitments in the Geneva Conference, the default risk has further reduced and the...

Updated 10 Jan, 2023 09:59am

Pakistan may dodge default in next 6 months: Bloomberg

ISLAMABAD: Pakistan is likely to dodge default in the next six months, but its troubles are not over, stated...

Updated 10 Jan, 2023 08:54am

Demands for reforms: PM asks IMF for a pause

GENEVA: Prime Minister Shehbaz Sharif on Monday asked the IMF for a pause in its demands for economic reforms before...

Updated 10 Jan, 2023 08:55am

Donors pledge more than $9bn to help flood recovery

ISLAMABAD: Pakistan said Monday it had received pledges of more than $9 billion at an international conference...

Updated 10 Jan, 2023 08:58am

Pakistan

Economic reforms: Pakistan asks IMF for restructuring ‘pause’

GENEVA: Pakistan’s prime minister on Monday asked the IMF for a pause in its demands for economic reforms before...

Published 09 Jan, 2023 08:38pm

Pakistan

At Geneva conference, Pakistan secures pledges of over $10bn

Islamic Development Bank (IsDB) Group pledges $4.2bn for flood rehabilitation and reconstruction in Pakistan, World Bank pledges $2bn, while Saudi Arabia, ADB, AIIB each commit $1bn

Updated 09 Jan, 2023 09:14pm

Opinion

All roads lead to the Fund

The press release, subsequent to the two-day fortieth National Security Council (NSC) meeting, noted that ...

Published 09 Jan, 2023 06:01am

Stalled bailout: IMF team to meet Dar in Geneva

ISLAMABAD: A delegation of International Monetary Fund (IMF) will meet Finance Minister Ishaq Dar on the sidelines...

Updated 09 Jan, 2023 08:49am

PM to present recovery ‘framework’ at UN conference

GENEVA: Pakistan and the United Nations are holding a major conference in Geneva on Monday aimed at marshalling...

Updated 09 Jan, 2023 08:49am

Pakistan risks ‘extraordinary misery’ without flood recovery help: UN

World Bank estimates that up to nine million more people could be dragged into poverty as a result of the flooding

Updated 09 Jan, 2023 08:54am

Opinion

Floods 2022

In 2022, record heavy floods in the country caused an estimated economic loss of more than 30 billion dollars. Over...

Published 08 Jan, 2023 03:48am

Opinion

‘International attention has receded, but the waters have not’

Prime Minister Shehbaz Sharif Friday said the apocalyptic rains and floods that had hit Pakistan last summer claimed...

Published 08 Jan, 2023 03:48am

Pakistan

President hopes Int’l Conference will help Pakistan become climate-resilient country

ISLAMABAD: President Dr Arif Alvi has expressed hope that the International Conference on Climate Resilient Pakistan...

Published 07 Jan, 2023 07:51am

Pakistan

Bank Alfalah disburses Rs308m to flood-hit communities

KARACHI: Bank Alfalah, one of the largest commercial banks in Pakistan, with the purpose of empowering people so ...

Published 07 Jan, 2023 06:00am

Pakistan fully committed to IMF programme: PM

ISLAMABAD: Managing Director of the International Monetary Fund Kristalina Georgieva on Friday called Prime Minister...

Updated 07 Jan, 2023 08:52am

Pakistan

‘Climate Resilient Pakistan’: PM to co-host conference with UNSG on 9th

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

Published 06 Jan, 2023 07:14am

Business & Finance

Jul-Nov rice exports decline 30pc to 210,184 metric tons

LAHORE: Pakistan’s rice export registered collectively (basmati & non-basmati) around a 30 percent decline in...

Published 06 Jan, 2023 07:10am

Pakistan

ECNEC approves $50m funding for hydro-met project of PMD

LAHORE: The Executive Committee of the National Economic Council (ECNEC) has approved $50 million fresh funding for ...

Published 06 Jan, 2023 05:58am

Pakistan

Pakistan needs billions for flood recovery, UN urges

GENEVA: More than $16 billion is needed to help Pakistan recover from devastating floods that submerged a third of...

Updated 06 Jan, 2023 02:30pm

Post-flood challenges: PM anticipates greater global empathy

Says constantly contacting leadership of friendly countries to invite them to International Conference on Climate Resilient Pakistan

Updated 05 Jan, 2023 12:42pm

Ecnec approves Rs478bn uplift plans

ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC), on Wednesday, approved over Rs478...

Updated 05 Jan, 2023 08:57am

Geneva moot: Pakistan seeking to generate $8bn

Diplomatic sources say total of $16.8 billion will be required for the reconstruction and rehabilitation of more than 33 million flood-affected people of Pakistan

Updated 05 Jan, 2023 01:12pm

There’s no shortage of wheat: govt

ISLAMABAD: The government while denouncing the rumours regarding a wheat shortage crisis has said that the country...

Updated 05 Jan, 2023 08:59am

Editorials

The moment of reckoning is upon us

EDITORIAL: The National Security Committee meeting had a two-point agenda: the state of the economy and the rise in...

Updated 05 Jan, 2023 06:40am

Business & Finance

Bilawal praises ADB’s support

ISLAMABAD: Foreign Minister Bilawal Bhutto-Zardari on Wednesday held a telephonic conversation with Vice President...

Published 05 Jan, 2023 05:58am

Business & Finance

Telecom industry facing serious challenges, say officials

ISLAMABAD: The telecom industry in Pakistan is facing serious challenges, especially after recent floods and problem...

Published 05 Jan, 2023 05:58am

Pakistan

Sherry describes climate moot as vital platform to showcase country’s response

ISLAMABAD: Minister for Climate Change Senator Sherry Rehman said on Tuesday that the International Conference on...

Published 04 Jan, 2023 06:02am

Markets

Cotton arrival declines 37% year-on-year

As of Jan 1, 2023, total arrival declined to 4.61 million bales compared to 7.347 million bales in the same period last year

Published 03 Jan, 2023 01:07pm

Pakistan

Floods, political instability have taken heavy toll on economy: experts

KARACHI: The economic outlook of the country has deteriorated significantly owing to the floods and political...

Published 03 Jan, 2023 03:25am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 8	278.28
USD PKR Interbank Buying / May 8	278.03
USD to Japanese Yen / May 8	155.51
USD to Swiss Franc / May 8	0.91
Pound Sterling to USD / May 8	1.25
Euro to USD / May 8	1.07

Stock	Volume
S&P 500 / May 8	5187.67
India Sensex / May 8	73466.39
Tokyo Nikkei / May 8	38202.37
Nasdaq / May 8	16302.76
Hang Seng / May 8	18313.86
FTSE 100 / May 8	8354.05
Dow Jones / May 8	39056.39
Germany DAX 30 / May 8	18498.38

Item	Value
Karachi Cotton PKR/37.32 KG / May 7	19935
Crude Oil USD/Barrel / May 8	78.99
Gold 10 Grams PKR / May 8	205075
Gold Spot USD/Ounce / May 8	2308.85
Cotton US¢/pound / May 8	80.06
Petrol/Litre / May 9	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 9 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 9 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 9 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 9 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 9 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 9 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 9 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 9 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 9 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 9 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 9 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 9 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 9 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 9 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 9 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 9 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 9 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 9 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 9 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 9 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 9 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 9 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 9 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 9 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 9 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 9 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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