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gdp

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

Opinion

Transparency, taxation & reforms

Macroeconomic conditions have improved over the course of the program. Growth of 2 percent is expected in FY24 given...

Published 03 May, 2024 06:29am

PM asks Aurangzeb to revise borrowing limit for provinces

ISLAMABAD: Prime Minister Shehbaz Sharif has directed Finance Minister Muhammad Aurangzeb to revise borrowing limit...

Updated 03 May, 2024 09:26am

Editorials

A questionable policy stance

EDITORIAL: The Monetary Policy Statement (MPS) dated 29 April 2024 left the discount rate unchanged at 22 percent on...

Published 02 May, 2024 04:58am

Opinion

Ending hopium-V

• Next is for MoI&P (Ministry of Industries and Production), MoITT (Ministry of Information Technology and...

Published 01 May, 2024 04:14am

Opinion

Stirring up the soul, is it?

Is it déjà vu? Is it an illusion? Is it a knee-jerk? Is it real? Is it happening? These are all the questions that...

Published 01 May, 2024 04:14am

Growing pressure on expenditures: Higher mark-up payments behind challenge: MoF

Total expenditures during July-February 2024 remained under pressure due to higher mark-up payments

Updated 01 May, 2024 04:36pm

9MFY24: Fiscal deficit recorded at Rs3.902trn

ISLAMABAD: Fiscal deficit has been recorded at 3.7 percent (Rs3,902.416 billion) of the GDP during the first nine...

Updated 01 May, 2024 09:20am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 22	278.62
USD PKR Interbank Buying / May 22	278.42
USD to Japanese Yen / May 22	156.82
USD to Swiss Franc / May 22	0.92
Pound Sterling to USD / May 22	1.27
Euro to USD / May 22	1.08

Stock	Volume
S&P 500 / May 22	5307.01
India Sensex / May 22	74221.06
Tokyo Nikkei / May 22	38876.82
Nasdaq / May 22	16801.54
Hang Seng / May 22	19024.41
FTSE 100 / May 22	8370.33
Dow Jones / May 22	39671.04
Germany DAX 30 / May 22	18680.20

Item	Value
Crude Oil USD/Barrel / May 22	76.88
Karachi Cotton PKR/37.32 KG / May 22	19935
Gold 10 Grams PKR / May 22	212791
Gold Spot USD/Ounce / May 22	2371.48
Cotton US¢/pound / May 22	79
Petrol/Litre / May 23	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 23 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 23 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 23 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 23 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 23 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 23 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 23 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 23 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 23 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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