Trends - Pakistan economy - Business Recorder

Pakistan economy

Debt – a source of rising concern

During the ongoing World Bank/International Monetary Fund (IMF) spring annual meeting Gita Gopinath, the First ...

Published 17 Apr, 2023 06:41am

Opinion

Politics over economy

“As I have been arguing for a long time now, there is a real need not simply for a political economy of wealth but...

Published 06 Apr, 2023 06:20am

Opinion

A possible way forward–I

Pakistan today is perilously close to declaring its inability to settle its external debt obligations. Default. What...

Published 03 Apr, 2023 06:36am

Editorials

SBP’s dilemma: battered economy, high inflation

EDITORIAL: The SBP (State Bank of Pakistan) is scheduled to announce its monetary policy on 4th April. According to...

Updated 03 Apr, 2023 12:45pm

Pakistan

Technical-level talks with IMF are over: Ishaq Dar

Finance minister holds back from giving timeline on when deal will be inked

Updated 30 Mar, 2023 08:53pm

Editorials

We are Pakistanis, firstly and lastly

EDITORIAL: Today, it has been 83 years since a historic resolution was passed for establishment of a separate...

Published 23 Mar, 2023 05:47am

Editorials

The floundering economy

EDITORIAL: Current account deficit has declined 67 percent to 3.8 billion dollars (July-January 2022-23) against...

Published 27 Feb, 2023 06:17am

World

Pakistan, Uzbekistan sign $1bn trade deal

ISLAMABAD: Pakistan and Uzbekistan signed on Friday a $1 billion deal to increase bilateral trade, a statement from...

Updated 24 Feb, 2023 06:53pm

Pakistan

Crumbling Pakistan economy puts children’s futures on hold

LAHORE: Sixteen-year-old Nadia makes the one-hour journey to and from her employer’s house on foot each day,...

Updated 24 Feb, 2023 05:57pm

Pakistan

Pakistan will need another IMF programme in June: Dr Murtaza Syed

Calls Pakistan's economic crisis the worst in history steered by domestic and global reasons

Updated 24 Feb, 2023 05:53pm

China debt: FO seeks to ease US concerns

ISLAMABAD: The Foreign Office on Thursday responded to US concerns over Chinese debt and emphasised that being a...

Updated 24 Feb, 2023 11:49am

Opinion

Does Pakistan need domestic debt restructuring?

There is growing consensus over the need for debt restructuring within the policymaking community. However, many...

Published 13 Feb, 2023 06:03am

EAG concerned at ‘inadequate’ SBP response

Economic Advisory Group stresses the need for meaningful reforms to achieve sustainable growth, instead of relying on policies that become a source of economic instability

Updated 30 Jan, 2023 09:22am

Pakistan

PM says agreement with IMF to be reached this month

ISLAMABAD: Prime Minister Shehbaz Sharif Friday expressed optimism about an agreement with the International ...

Published 28 Jan, 2023 06:20am

Sukuks: Dar seeks guidance from clerics

Expresses commitment of government to promote Islamic finance and eliminate interest-based system

Updated 28 Jan, 2023 08:56am

Perspectives

Summing up one of Pakistan's worst economic crisis

Pakistan’s economy is currently passing through one of its worst phases in history, as the cash-strapped country...

Updated 18 Jan, 2023 10:47am

Donors pledge more than $9bn to help flood recovery

ISLAMABAD: Pakistan said Monday it had received pledges of more than $9 billion at an international conference...

Updated 10 Jan, 2023 08:58am

Opinion

Energy sector reforms — I

My previous op-ed, summed up Pakistan’s gas supply position vis-à-vis the current demand, prevailing geo-political...

Published 29 Dec, 2022 05:59am

Dar dismisses sovereign default threat

Says country’s economic problems are ‘temporary’

Updated 01 Dec, 2022 09:50am

Pakistan

Talks with IMF, World Bank: Ishaq Dar expects positive outcome

Finance minister says everything went well during interactions

Published 19 Oct, 2022 04:47pm

Pakistan

Dar optimistic Pakistan's economic growth can surpass 3% in FY23

Central bank had projected growth to decline to 2% in FY23, amid devastation induced by flash floods

Updated 19 Oct, 2022 05:27pm

Pakistan

PTI stages protest

ISLAMABAD: A large number of people from the twin cities of Islamabad and Rawalpindi on Saturday took to the street...

Updated 25 Sep, 2022 10:16am

Business & Finance

Economic challenges: Minister underscores need for structural reforms of lasting nature

ISLAMABAD: Minister of State for Finance, Dr Aisha Ghaus Pasha Monday called for undertaking structural reform to ...

Published 23 Aug, 2022 06:51am

Pakistan

Moody's, Fitch expect Pakistan to secure $1.2bn IMF bailout package

Fitch, however, cautions Pakistan’s ability to complete the current programme and maintain a credible policy path that supports further financing remains highly uncertain

Updated 27 Jul, 2022 03:38pm

Pakistan

In Twitter thread, economist Atif Mian highlights Pakistan's economic woes

Says Pakistan stands out in how poorly its median citizen fares on basic needs such as education and health, even when compared to countries with similar income per capita

Published 21 Jul, 2022 11:35pm

Pakistan

Pakistan hopeful of nearly $2bn inflow after IMF clubs 7th and 8th reviews

At event in Islamabad, PM Shehbaz says assistance from China and IMF will help Pakistan bring investment, and increase export earnings

Updated 28 Jun, 2022 06:17pm

Business & Finance

Pakistan, IMF begin crucial talks in Doha as economy stumbles

Will discuss revival of stalled $6 billion Extended Fund Facility (EFF) programme

Updated 18 May, 2022 02:17pm

Gainers
Losers
Leaders

Stock	Price
First Elite Cap.Mod / Dec 8 First Elite Capital Modaraba(FECM)	5 ▲ 1.00 (25.00%)
Chakwal Spinning / Dec 8 Chakwal Spinning Mills Limited(CWSM)	2.45 ▲ 0.41 (20.10%)
SME Leasing Ltd / Dec 8 SME Leasing Limited(SLL)	2.15 ▲ 0.25 (13.16%)
Jubilee Spinning / Dec 8 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.80 ▲ 1.00 (12.82%)
786 Invest Ltd / Dec 8 786 Investments Limited(786)	6.25 ▲ 0.66 (11.81%)
First Prudential Mod. / Dec 8 First Prudential Modaraba(PMI)	2.13 ▲ 0.21 (10.94%)
Habib Ins. / Dec 8 Habib Insurance Company Limited(HICL)	6.50 ▲ 0.52 (8.70%)
Unicap Modaraba / Dec 8 Unicap Modaraba(UCAPM)	1.88 ▲ 0.14 (8.05%)
Agritech Limited / Dec 8 Agritech Limited(AGL)	13.52 ▲ 1.00 (7.99%)
Universal Ins. / Dec 8 The Universal Insurance Company Limited(UVIC)	7.23 ▲ 0.53 (7.91%)

Stock	Price
Tri-Star Mutual / Dec 8 Tri-Star Mutual Fund Limited(TSMF)	4.62 ▼ -0.92 (-16.61%)
Askari Life Assur. / Dec 8 Askari Life Assurance Company Limited(ALAC)	5.01 ▼ -0.79 (-13.62%)
Jahangir Sidd(Pref) / Dec 8 Jahangir Sidd(Pref)(JSCLPSA)	8 ▼ -0.89 (-10.01%)
Aisha Steel(ConPS) / Dec 8 Aisha Steel(ConPS)(ASLPS)	7.21 ▼ -0.79 (-9.88%)
Service Textile / Dec 8 Service Industries Textiles Limited(SERT)	9.36 ▼ -0.99 (-9.57%)
Universal Network (GEM) / Dec 8 Universal Network Systems Limited (GEM)(GEMUNSL)	23.53 ▼ -1.91 (-7.51%)
J.A.Textile / Dec 8 J.A. Textile Mills Limited(JATM)	45.35 ▼ -3.62 (-7.39%)
EFG Hermes Pak / Dec 8 EFG Hermes Pakistan Limited(EFGH)	12.52 ▼ -0.96 (-7.12%)
LSE Propetech / Dec 8 LSE Propetech Limited(LSEPL)	4.51 ▼ -0.28 (-5.85%)
Bestway Cement / Dec 8 Bestway Cement Limited(BWCL)	190.01 ▼ -11.49 (-5.70%)

Stock	Volume
K-Electric Ltd. / Dec 8 K-Electric Limited(KEL)	246,006,787 ▲ 0.23
Cnergyico PK / Dec 8 Cnergyico PK Limited(CNERGY)	98,899,853 ▲ 0.01
Hascol Petrol / Dec 8 Hascol Petroleum Limited(HASCOL)	60,506,500 ▲ 0.10
WorldCall Telecom / Dec 8 Worldcall Telecom Limited(WTL)	59,284,953 ▲ 0.02
P.T.C.L. / Dec 8 Pakistan Telecommunication Company Ltd(PTC)	43,233,500 ▼ -0.15
Pak Elektron / Dec 8 Pak Elektron Limited(PAEL)	42,544,241 ▲ 0.25
Hum Network / Dec 8 Hum Network Limited(HUMNL)	40,175,500 ▲ 0.00
TPL Properties / Dec 8 TPL Properties Limited(TPLP)	36,065,929 ▲ 0.28
Sui South Gas / Dec 8 Sui Southern Gas Company Limited(SSGC)	28,907,224 ▼ -0.05
Unity Foods Ltd / Dec 8 Unity Foods Limited(UNITY)	28,379,686 ▼ -0.06

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 8	284.30
USD PKR Interbank Buying / Dec 8	283.95
USD to Japanese Yen / Dec 8	143.72
USD to Swiss Franc / Dec 8	0.88
Pound Sterling to USD / Dec 8	1.26
Euro to USD / Dec 8	1.08
UK LIBOR % / Dec 7	5.48

Stock	Volume
S&P 500 / Dec 7	4585.59
Tokyo Nikkei / Dec 7	32438.10
Nasdaq / Dec 7	14340
Hang Seng / Dec 7	16345.89
FTSE 100 / Dec 7	7513.72
Dow Jones / Dec 7	36117.38
Germany DAX 30 / Dec 7	16628.99
France CAC40 / Dec 7	7428.52
India Sensex / Dec 8	69810.76

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 7	17235
Gold 10 Grams PKR / Dec 7	187671
Crude Oil USD/Barrel / Dec 8	70.35
Gold Spot USD/Ounce / Dec 8	2031.22
Cotton US¢/pound / Dec 8	82.72

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Pakistan economy

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