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Injudicious use of development outlay

EDITORIAL: The disarray marring Pakistan’s development agenda was laid bare recently by the planning ministry as ...

Published 06 Jun, 2024 03:09am

Opinion

Don’t slash PSDP allocations

Expectedly, the axe seems to have fallen on the country’s development budget as, according to media reports,...

Published 04 Jun, 2024 06:28am

PM to visit China on 4th

ISLAMABAD: Prime Minister Shehbaz Sharif will leave for China on official visit on June 4. Prime Minister Shehbaz...

Updated 03 Jun, 2024 09:15am

Editorials

A bleak investment outlook

EDITORIAL: In a much-needed fillip for Pakistan’s floundering investment landscape, Prime Minister Shehbaz Sharif’s...

Published 29 May, 2024 06:05am

Opinion

Budget 2024-25: expectations

A budget is not merely a document of aggregated information on revenues, capital, and external receipts and on the...

Published 28 May, 2024 05:30am

Opinion

The long and winding road to revitalising investment

Pakistan’s investment-to-GDP ratio is at its lowest in fifty years, despite promises of tens of billions in ...

Updated 27 May, 2024 06:54am

Business & Finance

Anti-tobacco activists for hiking FED on cigarettes

ISLAMABAD: Anti-tobacco activists have warned that the government would lose revenue and benefits gained through tax...

Published 26 May, 2024 02:56am

FY23-24: NAC approves 2.38pc GDP provisional growth

ISLAMABAD: The National Accounts Committee (NAC) has approved provisional growth of gross domestic product (GDP) at...

Updated 22 May, 2024 09:28am

Pakistan

Agri, industries perform: Pakistan posts 2.09% growth in Q3FY24, says NAC

Revises Q1 and Q2 estimates upwards to 2.71% and 1.79%, respectively
Targets GDP growth of 2.4% in FY24

Updated 21 May, 2024 10:07pm

UN projects Pak economy to grow by 2pc in 2024

NEW YORK: Pakistan, which faces significant economic challenges, is expected to have “modest economic growth”, with...

Updated 18 May, 2024 08:40am

World

US should keep open trade, work with China: IMF

WASHINGTON: The US would be better served by maintaining its open trade system rather than imposing new punitive...

Published 17 May, 2024 05:50am

Opinion

Fundamental reforms for survival

Pakistan is persistently confronting economic challenges, the resolution of which hinge on IMF’s new programme,...

Published 17 May, 2024 05:50am

Business & Finance

Budget proposals: KCCI demands out-of-box solutions to save nose-diving economy

KARACHI: High rate of inflation has pushed the prices of consumer goods and commodities to a level where these are...

Published 17 May, 2024 05:50am

World

Russia economy resilient; Gaza war weighs on neighbours: EBRD

LONDON: Russia’s economy will grow further this year despite Western sanctions over its Ukraine invasion, while...

Published 15 May, 2024 10:59am

Opinion

Girls in informational technology: let’s celebrate after genuine inclusion

An entrepreneur during an interview published on this platform said that women’s participation in the workforce...

Updated 15 May, 2024 06:22am

Opinion

Time to act: 9 cents/kWh

The country faces daunting economic challenges. A shrinking industrial base, a bulging workforce with no jobs to...

Updated 15 May, 2024 06:28am

H1FY24: Driven by agri sector, real GDP grew 1.7pc: SBP

Macroeconomic conditions improve during first half of fiscal year 2024

Updated 15 May, 2024 09:24am

Business & Finance

H2FY24: SBP expects continuation of modest recovery

KARACHI: The State Bank of Pakistan (SBP) expects continuation of modest economic recovery in the second half of ...

Published 15 May, 2024 05:47am

Aurangzeb spells out priorities

Says improving tax-to-GDP ratio, fast privatisation of state-owned enterprises and overhauling energy sector are priorities of the government

Updated 13 May, 2024 10:12am

Economist urges broader reforms in tax administration

LAHORE: Former Finance Minister Dr Hafiz A Pasha has expressed the hope that Pakistan might achieve 13 percent tax...

Updated 13 May, 2024 09:04am

Opinion

Strategy for sustainable growth: Energy-efficient textile industry

Since 2000, there has been a significant outburst in the global energy consumption, paralleled by Pakistan’s rising...

Published 13 May, 2024 06:08am

Opinion

Growth model needs to be long term

Pakistan has never achieved impressive growth rates in its history with the highest rate (average) achieved in the...

Published 13 May, 2024 06:08am

IMF delineates steps to curb gas circular debt

Fund suggests price adjustments should continue to move toward the full phasing out of captive power usage this year

Updated 11 May, 2024 08:10pm

Gross external financing needs: IMF lowers projection to $21.044bn

ISLAMABAD: The International Monetary Fund (IMF) has lowered the projection of Pakistan’s gross external financing...

Updated 11 May, 2024 08:41am

Business & Finance

Commitment to IMF: Primary surplus of 1pc of GDP for FY25 aimed at

ISLAMABAD: Pakistan has committed to the International Monetary Fund (IMF) that the policy and reform effort started...

Published 11 May, 2024 06:22am

Govt mulling taking big step to reduce pension burden

Finance Minister Muhammad Aurangzeb says issue of pension a huge burden

Updated 08 May, 2024 09:21am

Business & Finance

TRACIT recommends ‘Anti-Illicit Trade Coordinator’ to deal with challenge of illicit trade

ISLAMABAD: The Transnational Alliance to Combat Illicit Trade (TRACIT) recommended “Anti-Illicit Trade...

Published 07 May, 2024 08:05am

Opinion

Uncertain budgetary outcome in 2023-24

The outcome numbers on the fiscal operations for the first three quarters of 2023-24 have been released recently by...

Published 07 May, 2024 06:05am

Editorials

Hurting growth of formal economy

EDITORIAL: At a time when the federal government and finance minister are all talking about documenting the economy...

Published 06 May, 2024 05:30am

Pakistan

Youth employment: PIDE seminar urges need of over 8pc sustainable GDP growth

ISLAMABAD: Pakistan requires a sustainable GDP growth of more than eight percent for youth employment, to reduce the...

Updated 04 May, 2024 06:32am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 5	278.50
USD PKR Interbank Buying / Jun 5	278.30
USD to Japanese Yen / Jun 5	156.06
USD to Swiss Franc / Jun 5	0.89
Pound Sterling to USD / Jun 5	1.28
Euro to USD / Jun 5	1.09

Stock	Volume
S&P 500 / Jun 5	5354.03
India Sensex / Jun 5	74382.24
Tokyo Nikkei / Jun 5	38490.17
Nasdaq / Jun 5	17187.05
Hang Seng / Jun 5	18424.96
FTSE 100 / Jun 5	8246.95
Dow Jones / Jun 5	38807.33
Germany DAX 30 / Jun 5	18575.94

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 4	19935
Crude Oil USD/Barrel / Jun 5	74.07
Gold 10 Grams PKR / Jun 5	206276
Gold Spot USD/Ounce / Jun 5	2375.50
Cotton US¢/pound / Jun 5	73.51
Petrol/Litre / Jun 6	268.36

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 6 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 6 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 6 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 6 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 6 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 6 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 6 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 6 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 6 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 6 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 6 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 6 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 6 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 6 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 6 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 6 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 6 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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