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IMF and Pakistan

MPS: Will IMF need to recalibrate its expectations?

EDITORIAL: In a surprise move, the Monetary Policy Committee (MPC) left the policy rate unchanged at 22 percent,...

Published 02 Aug, 2023 06:47am

Minister tries to justify hike

ISLAMABAD: Federal Minister for Information and Broadcasting Marriyum Aurangzeb, Tuesday, said the government had...

Updated 02 Aug, 2023 08:49am

Business & Finance

Govt hikes petrol and HSD prices, albeit ‘reluctantly’

ISLAMABAD: The coalition government of Pakistan Muslim League-Nawaz (PML-N) has allowed a significant raise of ...

Published 02 Aug, 2023 06:47am

Markets

Pakistan’s headline inflation slows marginally, clocks in at 28.3% in July

CPI inflation in urban areas reported at 26.3% on a year-on-year basis in July 2023

Updated 01 Aug, 2023 08:35pm

Markets

Petrol, HSD prices: Govt announces hike of nearly Rs20 per litre

Government intended to provide relief, but international prices are not under its control, says finance minister Ishaq Dar

Updated 01 Aug, 2023 05:37pm

Opinion

Reducing rising electricity tariff? — III

In the previous space, we focused on immediate financial restructuring solutions for enabling reduction in...

Updated 01 Aug, 2023 06:43am

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

Settlement of dues of IPPs/GPPs: FD seeks expenditure details of Rs601bn extended to PD

ISLAMABAD: The Finance Division has sought expenditure details of Rs 601 billion extended to the Power Division to...

Updated 01 Aug, 2023 09:13am

Editorials

Plus ca change, plus c’est la meme chose

EDITORIAL: In an overarching drive to launch development projects before the term of the government expires, a drive...

Published 01 Aug, 2023 06:19am

Pakistan

SBP keeps key policy rate unchanged at 22%

Governor Jameel Ahmad announces Monetary Policy Committee's decision in press conference

Updated 31 Jul, 2023 06:43pm

Opinion

Power sector remains Pakistan’s Achilles heel

The power sector continues to be a major source of concern with circular debt a high of 2.6 trillion rupees at...

Published 31 Jul, 2023 06:43am

Opinion

Restoring investor confidence key challenge

Taming the inflation monster is turning out to be a challenge at a time when many analysts were expecting the...

Published 31 Jul, 2023 06:43am

Markets

July: PSX sees $14.9m net buying

KARACHI: The foreign portfolio investors are back as after many years, Pakistan Stock Exchange (PSX) has seen net...

Published 31 Jul, 2023 06:43am

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

How to widen tax net?

Federal Minister for Finance and Revenue Muhammad Ishaq Dar has been repeatedly announcing that the government has...

Published 28 Jul, 2023 03:03am

Opinion

‘Heat economic policy’

It is, indeed, important that Pakistan should continue to deal with its macroeconomic and growth challenges of the...

Published 28 Jul, 2023 03:03am

Pakistan

China’s EXIM Bank has rolled over $2.4bn loans, says Ishaq Dar

Pakistan will only make interest payments in both years, the finance minister adds

Updated 27 Jul, 2023 03:47pm

Opinion

An indictment of our politicians

India’s foreign exchange reserves had risen for a third straight week to total $609.02 billion as of July 14, the...

Published 27 Jul, 2023 06:26am

Opinion

Exports collapsing under power sector burden

The fundamental premise upon which the foundations of modern-day economics stand is that resources are finite and...

Published 27 Jul, 2023 06:26am

Editorials

The ‘begging bowl’ challenge

EDITORIAL: Prime Minister Shehbaz Sharif pledged to break the “begging bowl” by curtailing government expenses...

Published 27 Jul, 2023 06:26am

Policy continuation, forex financing a must for growth

ISLAMABAD: The Finance Division has stated that prudent and effective economic decisions, political and economic...

Updated 27 Jul, 2023 09:10am

Pakistan

Ministry of Finance expects inflation ‘to ease out’ in July

In 'Monthly Economic Update & Outlook' for July, it says recent decrease in administered prices of petrol and diesel will be transmitted into lower domestic prices of essential items

Updated 26 Jul, 2023 07:07pm

Pakistan

Reforms essential for economic growth, restructuring: PM Shehbaz

Prime Minister Shehbaz Sharif on Wednesday said reforms are needed in order to ensure economic growth in...

Updated 26 Jul, 2023 08:31pm

Opinion

Reducing rising electricity tariff?—II

LIBOR has gone up; thus a case for reduction of this margin suitably. Second solution is increase in the repayment...

Updated 26 Jul, 2023 06:38am

Pakistan

Economic success remains top priority for US: Blinken

ISLAMABAD: US Secretary of State, Antony Blinken, on Tuesday, spoke with Foreign Minister Bilawal Bhutto-Zardari and...

Published 26 Jul, 2023 06:17am

Markets

PM Shehbaz expects ‘positive results amid improved energy and agri production’

Prime Minister Shehbaz Sharif on Tuesday reiterated the country has managed to avert a ‘sovereign default’ while...

Updated 25 Jul, 2023 06:12pm

Pakistan

Pakistan’s economic success top priority for US: Blinken

Remarks come as foreign minister Bilawal Bhutto Zardari receives telephone call from US Secretary of State Antony Blinken

Updated 25 Jul, 2023 09:53pm

Pakistan

PM again holds PTI govt responsible for economic mess

FAISALABAD: The government of Nawaz Sharif had laid down a strong foundation for the comprehensive socio economic ...

Published 25 Jul, 2023 06:20am

Opinion

Inward forex cash flows: from 2023-24 to 2027-28

The IMF (International Monetary Fund) issued ‘Request For Stand-By Arrangement’ in July 2023. The IMF has again...

Updated 25 Jul, 2023 07:01am

Opinion

A mood of despondency has set in

The incumbent government has borrowed $10.844 billion from multiple financing sources including $2.206 billion from...

Published 25 Jul, 2023 06:20am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Tokyo Nikkei / May 17	38787.38
Nasdaq / May 17	16685.97
Hang Seng / May 17	19535.61
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 18	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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