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IMF

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

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

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

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

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

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

Updated 17 Feb, 2023 08:45am

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

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

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

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

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

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

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

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

Opinion

Better late than never, or just too late?

Too bad Finance Minister Ishaq Dar didn’t get to give Moody’s a “befitting reply” for downgrading...

Published 16 Feb, 2023 06:08am

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 16 Feb, 2023 06:08am

Business & Finance

Meeting IMF conditions to further fuel inflation: analyst

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

Published 16 Feb, 2023 06:08am

Dar presents Rs170bn tax measures

Blames previous government and last year’s devastating floods for the current economic situation

Updated 16 Feb, 2023 09:00am

Govt lays Finance Bill in Senate

ISLAMABAD: Finance Minister Ishaq Dar moved on Wednesday a copy of the Finance (Supplementary) Bill 2023 in the...

Updated 16 Feb, 2023 08:56am

Editorials

A further decline in remittances

EDITORIAL: Remittances declined to under 1.89 billion dollars in January 2023, thereby registering a continuous...

Published 16 Feb, 2023 06:08am

Pakistan

Inflation in Pakistan could average 33% in first half of 2023, says Moody’s economist

MUMBAI/ISLAMABAD: Inflation in Pakistan could average 33% in the first half of 2023 before trending lower, and a...

Updated 15 Feb, 2023 07:59pm

Opinion

The challenge of SOEs – I

The state of Pakistan’s economy has been a constant subject of discussion over the past month or so in the print...

Published 15 Feb, 2023 06:27am

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 15 Feb, 2023 06:27am

Rs170bn additional taxes: Do it thru bill, Alvi asks Dar

Ishaq Dar informs that government wants to raise additional revenue through taxes by promulgating an ordinance

Updated 15 Feb, 2023 09:03am

Fitch further downgrades long-term foreign currency IDR to ‘CCC-’

ISLAMABAD: Fitch Ratings has downgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to “CCC-”,...

Updated 15 Feb, 2023 09:04am

Raising financing for national security: Finance Division decides to avail direct credit lines

ISLAMABAD: Finance Division has reportedly decided to avail direct credit lines from banks/ financial institutions ...

Updated 15 Feb, 2023 09:06am

Pakistan

Measures to revive IMF deal: President Alvi advises taking parliament into confidence 'more appropriate'

Finance Division statement says the president has called for an immediate session so that bill is enacted without delay

Updated 14 Feb, 2023 11:34pm

Pakistan

Fitch Ratings downgrades Pakistan’s foreign-currency IDR to ‘CCC-’

Says default or debt restructuring is an increasingly real possibility

Updated 14 Feb, 2023 07:39pm

Editorials

Time is of the essence

EDITORIAL: The International Monetary Fund (IMF) submitted the Memorandum of Economic and Finance Policies (MEFP) to...

Published 14 Feb, 2023 05:58am

Opinion

Budgetary outcome in 1HFY23

The information on fiscal operations from July to December 2022 of the federal and the provincial governments has...

Published 14 Feb, 2023 05:58am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 9	278.20
USD PKR Interbank Buying / May 9	278
USD to Japanese Yen / May 9	155.52
USD to Swiss Franc / May 9	0.91
Pound Sterling to USD / May 9	1.25
Euro to USD / May 9	1.08

Stock	Volume
S&P 500 / May 9	5214.08
India Sensex / May 9	72404.17
Tokyo Nikkei / May 9	38486.69
Nasdaq / May 9	16346.27
Hang Seng / May 9	18537.81
FTSE 100 / May 9	8381.35
Dow Jones / May 9	39387.76
Germany DAX 30 / May 9	18686.60

Item	Value
Crude Oil USD/Barrel / May 9	79.64
Karachi Cotton PKR/37.32 KG / May 9	19935
Gold 10 Grams PKR / May 9	205075
Gold Spot USD/Ounce / May 9	2347.74
Cotton US¢/pound / May 9	78.60
Petrol/Litre / May 10	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 10 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 10 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 10 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 10 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 10 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 10 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 10 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 10 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 10 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 10 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 10 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 10 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 10 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 10 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 10 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 10 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 10 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 10 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 10 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 10 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 10 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 10 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 10 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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