Trends - gdp - Business Recorder

gdp

BoP projections: risk and uncertainty

The year, 2022-23, closed with a truly remarkable reduction in the size of the current account deficit by 84% to ...

Updated 29 Aug, 2023 06:44am

Business & Finance

PIDE VC highlights issue of widening trade deficit

ISLAMABAD: Vice Chancellor PIDE Dr Nadeem-ul-Haque has highlighted the pressing issue of Pakistan’s widening trade...

Published 28 Aug, 2023 06:27am

Editorials

The state of the economy

EDITORIAL: Contractionary fiscal and monetary policies agreed with the International Monetary Fund (IMF) under the...

Updated 24 Aug, 2023 06:44am

Opinion

Fiscal discipline key to reforms

Before Pakistan can embark on the long and tedious journey of structural reforms, fiscal discipline must be embraced...

Published 23 Aug, 2023 05:50am

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

Rising unemployment and falling real wages

The devastation caused by the floods and the resulting supply shortages, along with severe import restrictions, has...

Updated 22 Aug, 2023 06:53am

Courts can’t examine, implement economic, fiscal policies: SC

ISLAMABAD: The Supreme Court said the government and not the courts can examine and implement economic and fiscal...

Updated 22 Aug, 2023 09:57am

Power sector grabs finance minister’s immediate attention

Caretaker Finance Minister Shamshad Akhtar visits Federal Board of Revenue to review progress so far on implementation of $3 billion Stand-by-Arrangement of the International Monetary Fund

Updated 22 Aug, 2023 10:06am

Opinion

Broadening the tax net-II: A solution to taxation woes?

The narrative highlighting the importance of enhancing the number of tax filers also fails to take into account the...

Published 18 Aug, 2023 06:06am

Opinion

Pakistan mineral outlook

Recently, an important conference, ‘Pakistan Mineral Summit’, has been organised in Islamabad by the Petroleum...

Updated 16 Aug, 2023 06:18am

Editorials

What happens when cash reigns supreme?

EDITORIAL: In the last decade, authorities had supposedly lent focus to expand documentation of the economy. But,...

Published 16 Aug, 2023 05:50am

Markets

Japan’s Q2 GDP beats forecasts as exports zoom

TOKYO: Japan’s economy grew much faster than expected in April-June, as brisk auto exports and tourist arrivals...

Published 15 Aug, 2023 10:05am

Opinion

CPEC — a game changer for Pakistan

The China-Pakistan Economic Corridor (CPEC) project since its launch on April 20, 2015, by President Xi Jinping...

Updated 12 Aug, 2023 07:35am

BRACE report lists factors leading to greater poverty

ISLAMABAD: Rising inflation, particularly food inflation (highest in the history of Pakistan), increase in...

Updated 11 Aug, 2023 09:29am

Rs9.4trn revenue collection target: FBR required to rely on policy, some other steps

ISLAMABAD: The Federal Board of Revenue (FBR) will heavily rely on policy and administrative/ enforcement measures...

Updated 09 Aug, 2023 09:27am

Updated CDMP as per SBA yet to be approved

ISLAMABAD: The pledge for the Cabinet to approve an updated Circular Debt Management Plan (CDMP) by end-July 2023 as...

Updated 09 Aug, 2023 09:16am

Opinion

Rewiring the investment model

Pakistan’s Investment to GDP ratio has remained stubbornly low compared to other emerging markets for many years....

Published 02 Aug, 2023 06:47am

Opinion

Cotton ‘crisis’: challenges, opportunities, and way forward–I

Stagnation in Pakistan’s rural economy has been ongoing over the last decade for a multitude of reasons. The...

Published 02 Aug, 2023 06:47am

Opinion

IMF’s SBF

The IMF Stand-By Facility (SBF) of $3 billion has been in operation for two weeks now. Already, there is a big...

Published 01 Aug, 2023 06:19am

Business & Finance

Yen extends losses, euro firms after GDP data

NEW YORK: The yen extended losses on Monday from a volatile session at the end of last week after the Bank of Japan...

Published 01 Aug, 2023 06:19am

Business & Finance

Policy rate kept unchanged as economic uncertainty ebbs

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has decided to keep the policy rate...

Published 01 Aug, 2023 06:19am

Opinion

Hunger in Pakistan

Pakistan hosts the poorest population with per capita income at $1550 compared with Bangladesh at $2660 and India at...

Published 29 Jul, 2023 05:28am

Opinion

Taxing work and subsidising non-work

Turns out that there’s a Salaried Class Alliance (SCA), based in Karachi, which describes itself as a...

Updated 27 Jul, 2023 07:00am

Opinion

Managing the BoP

The balance of payments (BoP) figures for the full-year, 2022-23, have just been released by the SBP. They reflect...

Updated 25 Jul, 2023 06:52am

Business & Finance

Punjab govt decides to revamp sales tax on services strategy

LAHORE: The Punjab government has decided to revamp its strategy on the sales tax on services (STS) to make its...

Published 25 Jul, 2023 06:20am

Opinion

Elephant in the room

To understand strategy in a simple manner three questions are quite helpful. When deciding on a course of action ask...

Published 24 Jul, 2023 06:11am

PTI says IMF acknowledges leadership’s support

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Friday said that the International Monetary Board (IMF) staff report...

Updated 22 Jul, 2023 09:20am

Opinion

Fair elections and economic stability

“Gross financing needs are very large, mostly due to large debt service payments, while external market financing...

Published 21 Jul, 2023 07:08am

Editorials

Power sector challenges

EDITORIAL: The IMF (International Monetary Fund) has taken a rather sombre view of Pakistan’s structural issues in...

Published 21 Jul, 2023 06:38am

8pc of GDP: IMF projects $28.361bn gross external financing needs

ISLAMABAD: The International Monetary Fund (IMF) has projected Pakistan’s gross external financing needs at $28.361...

Updated 19 Jul, 2023 09:43am

Gainers
Losers
Leaders

Stock	Price
Universal Ins. / Dec 4 The Universal Insurance Company Limited(UVIC)	7.15 ▲ 1.00 (16.26%)
SME Leasing Ltd / Dec 4 SME Leasing Limited(SLL)	2.16 ▲ 0.26 (13.68%)
F. Nat.Equities / Dec 4 First National Equities Limited(FNEL)	5.96 ▲ 0.68 (12.88%)
HBL Invest Fund / Dec 4 HBL Investment Fund(HIFA)	3.42 ▲ 0.30 (9.62%)
Trust Sec.& Brok. / Dec 4 Trust Securities & Brokerage Limited(TSBL)	11 ▲ 0.94 (9.34%)
Dewan Sugar / Dec 4 Dewan Sugar Mills Limited(DWSM)	4.06 ▲ 0.33 (8.85%)
Waves Home Appliances / Dec 4 Waves Home Appliances Limited(WHALE)	8.72 ▲ 0.69 (8.59%)
Jubilee Spinning / Dec 4 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	6.94 ▲ 0.54 (8.44%)
Hussain Industries / Dec 4 Husein Industries Limited(HUSI)	16.13 ▲ 1.13 (7.53%)
Shadman Cotton / Dec 4 Shadman Cotton Mills Limited(SHCM)	15.59 ▲ 1.09 (7.52%)

Stock	Price
Tri-Star Mutual / Dec 4 Tri-Star Mutual Fund Limited(TSMF)	4.52 ▼ -0.92 (-16.91%)
786 Invest Ltd / Dec 4 786 Investments Limited(786)	5.01 ▼ -0.84 (-14.36%)
B. F. Mod. / Dec 4 B.F. Modaraba(BFMOD)	5 ▼ -0.50 (-9.09%)
Reliance Ins. / Dec 4 Reliance Insurance Company Limited(RICL)	8.70 ▼ -0.80 (-8.42%)
Hira Textile / Dec 4 Hira Textile Mills Limited(HIRAT)	1.92 ▼ -0.16 (-7.69%)
MithchellsFruit / Dec 4 Mitchells Fruit Farms Limited(MFFL)	243.94 ▼ -19.78 (-7.50%)
Asim Textile / Dec 4 Asim Textile Mills Limited(ASTM)	12.78 ▼ -0.95 (-6.92%)
Gammon Pak / Dec 4 Gammon Pakistan Limited(GAMON)	12.60 ▼ -0.90 (-6.67%)
Ask.Gen.Insur. / Dec 4 Askari General Insurance Company Limited(AGIC)	17.21 ▼ -1.17 (-6.37%)
Kohinoor Ind. / Dec 4 Kohinoor Industries Limited(KOIL)	7.50 ▼ -0.50 (-6.25%)

Stock	Volume
Maple Leaf Cement / Dec 4 Maple Leaf Cement Factory Limited(MLCF)	43,072,746 ▲ 0.33
Pak Elektron / Dec 4 Pak Elektron Limited(PAEL)	39,797,114 ▲ 0.13
Fauji Fert Bin / Dec 4 Fauji Fertilizer Bin Qasim Limited(FFBL)	27,568,000 ▲ 0.39
Fauji Cement / Dec 4 Fauji Cement Company Limited(FCCL)	27,255,000 ▲ 1.06
WorldCall Telecom / Dec 4 Worldcall Telecom Limited(WTL)	26,219,737 ▲ 0.01
Hum Network / Dec 4 Hum Network Limited(HUMNL)	22,004,000 ▲ 0.16
Oil & Gas Dev. / Dec 4 Oil & Gas Development Company Limited(OGDC)	16,331,524 ▲ 5.56
Pak Refinery / Dec 4 Pakistan Refinery Limited(PRL)	15,742,822 ▲ 0.51
Sui South Gas / Dec 4 Sui Southern Gas Company Limited(SSGC)	14,329,925 ▲ 0.52
D.G.K.Cement / Dec 4 D.G. Khan Cement Company Limited(DGKC)	14,240,764 ▲ 0.58

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 1	285.15
USD PKR Interbank Buying / Dec 1	284.95
USD to Japanese Yen / Dec 4	146.85
USD to Swiss Franc / Dec 4	0.87
Pound Sterling to USD / Dec 4	1.27
Euro to USD / Dec 4	1.09
UK LIBOR % / Dec 1	5.46

Stock	Volume
S&P 500 / Dec 1	4594.63
Nasdaq / Dec 1	14305.03
FTSE 100 / Dec 1	7529.35
Dow Jones / Dec 1	36245.50
Germany DAX 30 / Dec 1	16397.52
France CAC40 / Dec 1	7346.15
India Sensex / Dec 4	68587.82
Tokyo Nikkei / Dec 4	33273.12
Hang Seng / Dec 4	16729.01

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 1	17235
Gold 10 Grams PKR / Dec 1	189043
Crude Oil USD/Barrel / Dec 4	78.30
Gold Spot USD/Ounce / Dec 4	2085.16
Cotton US¢/pound / Dec 4	79.44

Calculate your monthly liability in FY24

gdp

Most Popular Articles