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May 06, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

IMF

National Assembly passes Finance (Supplementary) Bill

National Assembly passes Finance (Supplementary) Bill

The bill imposes new taxes of Rs170 billion to minimise fiscal deficit

Published 20 Feb, 2023 10:09pm

Pakistan’s current account deficit shrinks 90% YoY to $0.24bn in January: SBP

Pakistan

Pakistan’s current account deficit shrinks 90% YoY to $0.24bn in January: SBP

Deficit during 7MFY23 reduces over 67%, clocks in at nearly $3.8bn

Updated 20 Feb, 2023 07:10pm

5th consecutive gain: rupee appreciates 0.36% against US dollar

Markets

5th consecutive gain: rupee appreciates 0.36% against US dollar

Currency settles at 261.88 in inter-bank market

Updated 20 Feb, 2023 07:06pm

JI calls for shifting burden of taxes to privileged class

Pakistan

JI calls for shifting burden of taxes to privileged class

KARACHI: Jamaat-e-Islami (JI) Karachi Ameer Engr Hafiz Naeemur Rehman has demanded of those in the corridors of...

Published 20 Feb, 2023 06:26am

IMF bailout alone cannot put economy back on track, says BMP

Business & Finance

IMF bailout alone cannot put economy back on track, says BMP

LAHORE: As the annual inflation rate has hit the new high of 38.42 percent for the previous week the Federation of...

Published 20 Feb, 2023 06:26am

Who has cost Pakistan more?

Opinion

Who has cost Pakistan more?

The blame game for the prevailing deep economic crisis continues with only one out of the three national parties,...

Published 20 Feb, 2023 06:26am

IMF, Ukraine reach deal paving way to full-fledged loan

World

IMF, Ukraine reach deal paving way to full-fledged loan

WASHINGTON: The IMF said Friday it has reached a staff-level agreement with Ukrainian authorities that opens doors ...

Published 19 Feb, 2023 03:19am

IMF lending won’t help govt address economy’s basic flaws: Mian Zahid

Business & Finance

IMF lending won’t help govt address economy’s basic flaws: Mian Zahid

KARACHI: Chairman of National Business Group Pakistan and President of Pakistan Businessmen and Intellectuals Forum,...

Published 18 Feb, 2023 03:33am

Business, industrial community reject mini-budget

Business & Finance

Business, industrial community reject mini-budget

KARACHI: business and industrial community has rejected the mini budget increase in taxes, increase in oil price and...

Published 18 Feb, 2023 03:33am

US underscores need for undertaking economic reform

Print

US underscores need for undertaking economic reform

ISLAMABAD: The United States has asked Pakistan for undertaking economic reform and improving the regulatory...

Updated 18 Feb, 2023 08:57am

IMF mulls loan approval to Sri Lanka, even without China’s assurance

World

IMF mulls loan approval to Sri Lanka, even without China’s assurance

The International Monetary Fund (IMF) is considering approving a loan for Sri Lanka, even without China’s assurance...

Published 17 Feb, 2023 10:16pm

Overseas Pakistanis: there is a lot to learn from India, China's networking model

Perspectives

Overseas Pakistanis: there is a lot to learn from India, China's networking model

One evening at dinner, an executive of Pakistani origin, part of a supranational organisation (one of the IMF, World...

Published 17 Feb, 2023 02:58pm

FO rejects rumours about ‘possibility of N-rollback’

Pakistan

FO rejects rumours about ‘possibility of N-rollback’

ISLAMABAD: The Foreign Office on Thursday rubbished in categorical terms the debate in a section of the media about...

Published 17 Feb, 2023 06:00am

‘Mini-budget’

Editorials

‘Mini-budget’

EDITORIAL: The revenue measures as revealed in the ‘mini-budget’ were expected as Finance Minister Ishaq Dar had...

Published 17 Feb, 2023 06:00am

Debt relief for developing countries

Opinion

Debt relief for developing countries

When the Covid pandemic was declared by the World Health Organization (WHO) back in early 2020, a number of...

Published 17 Feb, 2023 06:00am

IMF programme & reforms

Opinion

IMF programme & reforms

Pakistan, one of the major victims of climate change, is fighting alone to manage the damages caused due to...

Published 17 Feb, 2023 06:00am

The Finance (Supplementary) Bill 2023: a comment

Opinion

The Finance (Supplementary) Bill 2023: a comment

General: The Finance Minister has laid Finance (Supplementary) Bill 2023 on the floor of the Parliament. (National...

Published 17 Feb, 2023 06:00am

‘The challenge of SOEs’

Opinion

‘The challenge of SOEs’

This is apropos a two-part article titled “The challenge of SOEs” carried by the newspaper yesterday and the day...

Published 17 Feb, 2023 06:00am

Currency values in terms of Special Drawing Rights

Markets

Currency values in terms of Special Drawing Rights

WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special...

Published 17 Feb, 2023 06:00am

Fiscal year 2022-23: Tax target raised to Rs7.64trn

Print

Fiscal year 2022-23: Tax target raised to Rs7.64trn

Revenue collection target has been increased after additional revenue measures of Rs170 billion, says Federal Board of Revenue Chairman Asim Ahmad

Updated 17 Feb, 2023 10:15pm

Quick execution of Rs170bn tax initiative: IMF not only satisfied, but ‘surprised too’: MoS

Print

Quick execution of Rs170bn tax initiative: IMF not only satisfied, but ‘surprised too’: MoS

IMF also engaged with Pakistan’s friendly countries with respect to the external financing needs of the country, says Aisha Ghaus Pasha, Minister of State for Finance and Revenue

Updated 17 Feb, 2023 10:15pm

US says concerned about debt owed to China by Pakistan

Print

US says concerned about debt owed to China by Pakistan

ISLAMABAD: The United States is concerned about debt owed to China by Pakistan and other countries, US State...

Updated 17 Feb, 2023 08:45am

Forex reserves move up by $162m

Business & Finance

Forex reserves move up by $162m

KARACHI: The country’s total liquid foreign exchange reserves rose by $162 million during the last week. ...

Updated 17 Feb, 2023 06:38am

Bankrupt Sri Lanka hikes power prices again for IMF deal

Business & Finance

Bankrupt Sri Lanka hikes power prices again for IMF deal

COLOMBO: Sri Lanka’s electricity board hiked consumer rates by up to 275 percent, officials said Thursday, the...

Published 16 Feb, 2023 11:34am

Debt in focus as G20 finance chiefs meet in India

Markets

Debt in focus as G20 finance chiefs meet in India

NEW DELHI: G20 finance and central bank chiefs meet in India next week at the first-year anniversary of Russia’s...

Published 16 Feb, 2023 11:06am

PTI ‘dissidents’ blast govt over money bill

Pakistan

PTI ‘dissidents’ blast govt over money bill

ISLAMABAD: The dissidents of Pakistan Tehreek-e-Insaf (PTI) – who often blamed the then prime minister Imran Khan...

Published 16 Feb, 2023 07:07am

Cash-strapped Egypt sells state assets to Gulf nations

Opinion

Cash-strapped Egypt sells state assets to Gulf nations

Egypt, sapped dry of dollars despite a $3 billion International Monetary Fund bailout loan, is seeking to boost its...

Published 16 Feb, 2023 06:53am

An ‘absolutely clueless’ govt

Opinion

An ‘absolutely clueless’ govt

Interior minister Rana Sanaullah has been quoted by media as saying that the Federal Investigation Agency (FIA) has...

Published 16 Feb, 2023 06:48am

JI chief vows to bring masses out against mini-budget

Pakistan

JI chief vows to bring masses out against mini-budget

LAHORE: Chief of Jamaat-e-Islami (JI) Sirajul Haq has categorically rejected the mini-budget, saying his party would...

Published 16 Feb, 2023 06:08am

IK says ‘mini-budget’ to fuel inflation

Pakistan

IK says ‘mini-budget’ to fuel inflation

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan Tuesday warned that after the passage of...

Updated 16 Feb, 2023 06:31am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 6	278.40
USD PKR Interbank Buying / May 6	278.20
USD to Japanese Yen / May 6	153.92
USD to Swiss Franc / May 6	0.91
Pound Sterling to USD / May 6	1.25
Euro to USD / May 6	1.08

Stock	Volume
S&P 500 / May 3	5127.79
Tokyo Nikkei / May 3	38236.07
Nasdaq / May 3	16156.33
FTSE 100 / May 3	8213.49
Dow Jones / May 3	38675.68
India Sensex / May 6	74134.73
Hang Seng / May 6	18465.58
Germany DAX 30 / May 6	18032.07

Item	Value
Petrol/Litre / May 6	288.49
Crude Oil USD/Barrel / May 6	78.37
Karachi Cotton PKR/37.32 KG / May 6	19935
Gold 10 Grams PKR / May 6	206190
Gold Spot USD/Ounce / May 6	2311.29
Diesel/Litre / May 6	281.96

Gainers
Losers
Leaders

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

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

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

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Wheat: executing a flawed policy poorly

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Inflation expectations: normalcy in sight?

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Master Changan Motors to launch Deepal S7 electric vehicles in Pakistan

Master Changan Motors to launch Deepal S7 electric vehicles in Pakistan

Blocking SIMs of non-filers: FBR decides to summon telcos’ operators

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Wheat worth Rs330bn imported in 7 months

Wheat worth Rs330bn imported in 7 months

Pakistan, China vow to complete CPEC projects

Pakistan, China vow to complete CPEC projects

SLIC’s 2023 business growth uncovers Pakistan’s untapped potential

SLIC’s 2023 business growth uncovers Pakistan’s untapped potential