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gdp

Geo-dynamics – 2023

At the start of 2023, the catch words are flux, realignment, reset, new world order, pivot, tilt. I am no...

Updated 30 Dec, 2022 06:40am

Opinion

Energy sector reforms — I

My previous op-ed, summed up Pakistan’s gas supply position vis-à-vis the current demand, prevailing geo-political...

Published 29 Dec, 2022 05:59am

Dar addresses ebbing investor confidence

KARACHI/ISLAMABAD: Finance Minister Ishaq Dar Wednesday assured the investors that Pakistan won’t default, adding...

Updated 29 Dec, 2022 08:45am

Opinion

Caution: not make privatisation appear better than it is

Privatisation has kept its relevance as a policy option in this country to this day – as a means to not only cut...

Published 26 Dec, 2022 05:48am

Opinion

Economic pain: an illusion of choice

Pakistan is facing an illusion of false choices in managing its ongoing economic crisis. It can either return to the...

Published 26 Dec, 2022 05:48am

Pakistan

Instability, ‘pause’ in IMF programme deepening economic crisis: BMP

LAHORE: As the central bank has lowered its projected GDP growth from the previously announced range of 3-4 percent...

Published 26 Dec, 2022 05:48am

World

Sanctions to help cut Belarus GDP by 4% in 2022, says PM - Interfax

The economy of Belarus is expected to shrink by 4% in 2022 after western nations imposed punitive measures, much ...

Published 25 Dec, 2022 01:33am

Business & Finance

Country’s first agri-Fintech app: SBP grants approval to pilot launch of ‘Digitt+’

KARACHI: The State Bank of Pakistan has formally granted approval to pilot launch of Pakistan’s first...

Updated 24 Dec, 2022 10:07am

DPC unveils 2nd annual report: 98pc of bank depositors eligible for deposit protection

KARACHI: Some 98 percent of total depositors of banking sector are eligible for their deposit’s protection in case...

Updated 24 Dec, 2022 10:09am

Business & Finance

US third quarter GDP revised up to 3.2pc with help from spending

WASHINGTON: The US economy expanded 3.2 percent in the third quarter, the Commerce Department said Thursday, in a...

Published 23 Dec, 2022 06:49am

S&P cuts rating on weakening of several metrics

Rating agency states that Pakistan’s already low foreign exchange reserves would remain under pressure throughout 2023

Updated 23 Dec, 2022 09:04am

SBP warns of higher risks to food security

KARACHI: The State Bank of Pakistan (SBP) has warned that the country may face higher risks to food security in the...

Updated 22 Dec, 2022 09:43am

Key phrase: ‘structural reforms’

State Bank of Pakistan says prudent monetary and fiscal policies imperative to increase resilience of the economy

Updated 22 Dec, 2022 09:52am

Business & Finance

SBP lowers FY23 growth forecast

KARACHI: Taking into account the destruction caused by floods and the policy focus on stabilization, the State Bank...

Published 22 Dec, 2022 05:57am

Around 6pc growth: What did FY22 experience bring to the fore?

KARACHI: Pakistan’s economy achieved a real GDP growth of around 6 percent, for a second consecutive year in FY22,...

Updated 22 Dec, 2022 09:42am

Editorials

Reliance on foreign borrowing

EDITORIAL: Pakistan has secured 775 million dollars from the Asian Development Bank (ADB) in support of the recovery...

Published 20 Dec, 2022 05:58am

Editorials

The revenue shortfall

EDITORIAL: Tax revenue shortfall is projected at 800 billion rupees as per former Finance Minister Dr Hafeez A. ...

Published 19 Dec, 2022 06:00am

Editorials

Economy: a mess PDM govt is making worse?

EDITORIAL: Pakistan’s economy is trapped in a vicious loop. There are three faultlines; and all of them are...

Published 15 Dec, 2022 06:27am

PM, Dar, others take stock of economic situation

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday said the government would fulfil its current programme with...

Updated 15 Dec, 2022 09:55am

Business & Finance

Floods deteriorate FY23 economic outlook: ADB

ISLAMABAD: Pakistan’s economic outlook for the fiscal year 2023 (ending June 30, 2023) has deteriorated following...

Updated 15 Dec, 2022 09:55am

Opinion

Lack of prudent macroeconomic policies

“The curious task of economics is to demonstrate to men how little they really know about what they imagine they...

Published 14 Dec, 2022 05:57am

ADB describes energy plan as ‘less than effective, efficient’

ISLAMABAD: The Independent Evaluation Department (IED) of the Asian Development Bank (ADB) has rated “Pakistan:...

Updated 14 Dec, 2022 09:53am

PM rejects default speculations with much vehemence

Says government has taken much needed measures to save Pakistan from default

Updated 13 Dec, 2022 09:43am

Govt expects multibillion-dollar support from KSA

ISLAMABAD: Finance Minister Ishaq Dar said on Monday that total payable till June on account of external account is...

Updated 13 Dec, 2022 09:37am

World

German govt deficit to hit 4.5pc in 2023

BERLIN: The German government’s public deficit will be significantly higher in 2023 than previously thought,...

Published 12 Dec, 2022 07:34am

Pakistan

China achieved over 10-fold rise in GDP in last four decades: speakers

KARACHI: China has tremendously improved the living standard of its people during last three decades and alleviated...

Published 11 Dec, 2022 04:02am

Supplements

38th SAARC CHARTER: Irfan Iqbal Sheikh President, FPCCI

TEXT: On the commemoration of 38th SAARC Charter Day, I would like to extend my heartiest felicitation and greetings...

Published 09 Dec, 2022 06:59am

Opinion

‘Beneficial Owner’

“Beneficial owner refers to the natural person(s) who ultimately owns or controls a customer and/or the natural...

Updated 09 Dec, 2022 06:36am

Business & Finance

Smartphone adoption only 57pc in Pakistan: Jazz CCO

ISLAMABAD: The smartphone adoption in Pakistan is only 57 percent, which means that over 40 percent of cellular...

Published 08 Dec, 2022 07:31am

Business & Finance

Pakistan projected to be sixth-largest economy by 2075

KARACHI: A research paper published by Goldman Sachs on Tuesday projected Pakistan to be the sixth largest economy ...

Published 08 Dec, 2022 06:47am

Gainers
Losers
Leaders

Stock	Price
Power Cem(Pref) / Jun 9 Power Cement (Pref)(POWERPS)	6 ▲ 1.00 (20.00%)
Pak Gulf Leasing / Jun 9 Pak-Gulf Leasing Company Limited(PGLC)	7.55 ▲ 1.00 (15.27%)
PICIC Ins.Ltd. / Jun 9 PICIC Insurance Limited(PIL)	0.68 ▲ 0.09 (15.25%)
Sindh Modaraba / Jun 9 Sindh Modaraba(SINDM)	8.20 ▲ 1.00 (13.89%)
Sec. Inv. Bank / Jun 9 Security Investment Bank Limited(SIBL)	5.50 ▲ 0.54 (10.89%)
Hala Enterprise / Jun 9 Hala Enterprises Limited(HAEL)	7.05 ▲ 0.65 (10.16%)
Merit Packaging / Jun 9 Merit Packaging Limited(MERIT)	8.80 ▲ 0.79 (9.86%)
Popular Islamic / Jun 9 Popular Islamic Modaraba(PIM)	10.95 ▲ 0.96 (9.61%)
Next Capital / Jun 9 Next Capital Limited(NEXT)	5.44 ▲ 0.45 (9.02%)
Ist.Dawood Bank / Jun 9 First Dawood Investment Bank Limited(FDIBL)	1.70 ▲ 0.14 (8.97%)

Stock	Price
Mod. Al-Mali (R) / Jun 9 Modaraba Al-Mali R(MODAMR1)	0.23 ▼ -0.25 (-52.08%)
F.Treet Manuf / Jun 9 First Treet Manufacturing Modaraba(FTMM)	5.36 ▼ -1.00 (-15.72%)
HBL Invest Fund / Jun 9 HBL Investment Fund(HIFA)	1.38 ▼ -0.22 (-13.75%)
Service Textile / Jun 9 Service Industries Textiles Limited(SERT)	6.50 ▼ -0.70 (-9.72%)
Tariq Corp.Pref. / Jun 9 Tariq Corporation Limited-Preference Shares(TCORPCPS)	9.49 ▼ -1.00 (-9.53%)
United Brands / Jun 9 United Brands Limited(UBDL)	10.20 ▼ -0.94 (-8.44%)
EFG Hermes Pak / Jun 9 EFG Hermes Pakistan Limited(EFGH)	11.50 ▼ -0.98 (-7.85%)
First IBL Mod. / Jun 9 First IBL Modaraba(FIBLM)	2.60 ▼ -0.22 (-7.80%)
Allawasaya Tex / Jun 9 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	2764 ▼ -224.00 (-7.50%)
Ellcot Spinning / Jun 9 Ellcot Spinning Mills Limited(ELSM)	97.52 ▼ -7.91 (-7.50%)

Stock	Volume
Unity Foods Ltd / Jun 9 Unity Foods Limited(UNITY)	28,723,523 ▲ 0.24
TPL Properties / Jun 9 TPL Properties Limited(TPLP)	19,470,263 ▲ 0.38
WorldCall Telecom / Jun 9 Worldcall Telecom Limited(WTL)	17,617,018 ▲ 0.01
Faysal Bank / Jun 9 Faysal Bank Limited(FABL)	10,414,954 ▲ 1.25
Hascol Petrol / Jun 9 Hascol Petroleum Limited(HASCOL)	9,814,500 ▲ 0.23
Pak Refinery / Jun 9 Pakistan Refinery Limited(PRL)	9,600,621 ▼ -0.04
P.I.A.C.(A) / Jun 9 Pakistan International Airlines Corp(PIAA)	8,850,500 ▲ 0.02
Pak Int.Bulk / Jun 9 Pakistan International Bulk Terminal(PIBTL)	6,660,000 ▲ 0.12
Fauji Foods Ltd / Jun 9 Fauji Foods Limited(FFL)	6,382,956 ▲ 0.01
Telecard Limited / Jun 9 Telecard Limited(TELE)	5,453,799 ▲ 0.15

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 9	286.95
USD PKR Interbank Buying / Jun 9	286.80
USD to Japanese Yen / Jun 9	139.36
USD to Swiss Franc / Jun 9	0.90
Pound Sterling to USD / Jun 9	1.25
Euro to USD / Jun 9	1.08
UK LIBOR % / Jun 8	5.07

Stock	Volume
S&P 500 / Jun 8	4293.93
Nasdaq / Jun 8	13238.52
Dow Jones / Jun 8	33833.61
India Sensex / Jun 9	62625.63
Tokyo Nikkei / Jun 9	32198.70
Hang Seng / Jun 9	19359.13
FTSE 100 / Jun 9	7602.26
Germany DAX 30 / Jun 9	15981.08
France CAC40 / Jun 9	7223.38

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 8	20235
Gold 10 Grams PKR / Jun 8	194616
Crude Oil USD/Barrel / Jun 9	70.85
Gold Spot USD/Ounce / Jun 9	1963.16
Cotton US¢/pound / Jun 9	81.53

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