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Pakistan Economy

Country’s natural wealth key to reviving economy: Mushahid

ISLAMABAD: Chairman of Senate Defence Committee and Pakistan-China Institute (PCI) Senator Mushahid Hussain Syed on...

Published 06 Feb, 2023 06:20am

Opinion

The mishandling of economy continues

Finance Division in the January 2023 Economic Update/Outlook noted that fiscal deficit July-November 2022 was 1169...

Published 06 Feb, 2023 06:20am

Opinion

The 80/20 rule for maximising foreign exchange earnings

Pakistan’s economy has been facing a number of challenges in recent years, including low growth, high inflation,...

Published 06 Feb, 2023 06:20am

Editorials

Much needs to be negotiated

EDITORIAL: Reports emanating thus far from the ongoing discussions between the International Monetary Fund (IMF) and...

Published 06 Feb, 2023 06:20am

Opinion

‘Redefining Pakistan economy’

This is apropos a Business Recorder op-ed “Redefining Pakistan’s economy” carried by the newspaper on...

Published 05 Feb, 2023 03:10am

Markets

Analyst fears further rupee decline in coming days

Experts have warned that the Pakistani rupee is expected to depreciate in the coming days, unless confidence returns...

Updated 04 Feb, 2023 09:55pm

Markets

Dar hits out at Imran Khan’s ‘irresponsible tweet’ about current govt

Federal Minister for Finance and Revenue Ishaq Dar slammed former prime minister Imran Khan over his statement...

Updated 04 Feb, 2023 09:47pm

Opinion

Big rise in poverty, unemployment

The current combination of various negative factors is likely to lead to a big exponential jump in the number of...

Updated 04 Feb, 2023 07:11am

Govt says ‘will have to’ agree to IMF conditions

PESHAWAR: Prime Minister Shehbaz Sharif said Friday the government would have to agree to IMF bailout conditions ...

Updated 04 Feb, 2023 09:26am

Imran steps up criticism of PDM govt

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Friday lashed out at Prime Minister Shehbaz Sharif ...

Updated 04 Feb, 2023 09:27am

‘IMF is giving Pakistan tough time’

ISLAMABAD: Prime Minister Shehbaz Sharif said on Friday the International Monetary Fund was giving his country a...

Updated 04 Feb, 2023 09:30am

RDA: pace of growth slightly lower

KARACHI: Inflows of Roshan Digital Accounts (RDA) maintained an upward momentum and rose to $5.63 billion at the end...

Updated 04 Feb, 2023 09:29am

Markets

Pakistan’s oil industry on brink of collapse, says OCAC

In letter to energy ministry and Ogra chairman, body makes case for enhancing trade finance limits in wake of rupee depreciation

Published 03 Feb, 2023 09:56pm

Markets

Cotton arrival plunges 36% year-on-year

Decline attributed to flash floods which devastated large swathes of agricultural land

Updated 03 Feb, 2023 06:56pm

Opinion

Lethargic economic management

About 84% of countries are expected to have lower headline (consumer price index) inflation in 2023 than in 2022....

Published 03 Feb, 2023 06:17am

Opinion

Both IMF, govt need serious policy path correction

The International Monetary Fund (IMF) in its recently-released flagship report ‘World Economic Outlook [WEO] update:...

Updated 03 Feb, 2023 10:27am

Opinion

Is investor’s fright an investment’s flight?

Pakistan is nestled in the southern part of Asia, sitting precariously between Afghanistan, India, Iran, and below...

Published 03 Feb, 2023 06:17am

Business & Finance

Jul-Jan trade deficit shrinks 31.97pc to $19.632bn YoY

ISLAMABAD: Pakistan’s trade deficit narrowed by 31.97 percent to $19.632 billion during the first seven months...

Updated 03 Feb, 2023 08:42am

Dar approves proposal to raise $2bn from expats

KARACHI: As Pakistan is grappled with economic challenges, Finance Minister Ishaq Dar Thursday approved a proposal...

Updated 03 Feb, 2023 08:58am

SBP’s reserves slip to $3bn

KARACHI: The country’s total liquid foreign exchange reserves further fell by $711 million during last week due to...

Updated 03 Feb, 2023 08:54am

PM invites IK, others to APC on terrorism, economy

ISLAMABAD: In a major development in the country’s political arena, Prime Minister Shehbaz Sharif on Thursday called...

Updated 03 Feb, 2023 08:58am

IMF revises inflation rate upward for Pakistan

ISLAMABAD: The International Monetary Fund (IMF) has revised upward the inflation rate for Pakistan, ie, from 19.9...

Updated 02 Feb, 2023 11:17am

Officers dealing with IMF exempted from meetings at PMO

ISLAMABAD: The prime minister has exempted all officers dealing with the International Monetary Fund (IMF) from the...

Updated 02 Feb, 2023 09:17am

Markets

Energy reforms critical for economy: MoS Aisha

ISLAMABAD: Minister of State for Finance Dr Aisha Ghaus Pasha said that reforms in the energy sector are critical ...

Published 02 Feb, 2023 06:12am

High inflation, low growth and falling forex: Country confronted with variety of challenges: MoF

ISLAMABAD: Pakistan is currently confronted with the challenges such as high inflation, low growth and low levels of...

Updated 02 Feb, 2023 09:18am

Markets

'Higher than expectations': Pakistan's headline inflation clocks in at 27.6% in January

This is the highest inflation reading since 27.8% recorded in May 1975, says analyst
CPI inflation in rural areas increased to 32.3% on year-on-year basis in January 2023

Updated 01 Feb, 2023 04:25pm

Opinion

Redefining Pakistan’s economy

This article is an effort on not only understanding the fundamental economic issues but also some tough but ...

Published 01 Feb, 2023 05:58am

Govt team tries to persuade IMF to unlock lending

Fund asks Pakistan to withdraw untargeted subsidies, reduce circular debt and meet petroleum levy

Updated 01 Feb, 2023 01:18pm

Fitch says PKR to further weaken

ISLAMABAD: The Pakistani rupee is expected to weaken further, particularly with the country’s balance of payments...

Updated 01 Feb, 2023 11:30am

Country braces for fuel shortages?

KARACHI: Pakistan could face a crunch in fuel supplies in February as banks have stopped financing and facilitating...

Updated 01 Feb, 2023 08:54am

Gainers
Losers
Leaders

Stock	Price
Pervez Ahmed Co / Feb 7 Pervez Ahmed Consultancy Services Ltd.(PASL)	0.82 ▲ 0.16 (24.24%)
HBL Invest Fund / Feb 7 HBL Investment Fund(HIFA)	1.99 ▲ 0.34 (20.61%)
Oilboy Energy / Feb 7 Oilboy Energy Limited(OBOY)	7 ▲ 1.00 (16.67%)
Pak Gen.Ins. / Feb 7 The Pakistan General Insurance Co. Ltd.(PKGI)	5.65 ▲ 0.67 (13.45%)
P.I.A.C.(A) / Feb 7 Pakistan International Airlines Corp(PIAA)	4.10 ▲ 0.36 (9.63%)
Sui South Gas / Feb 7 Sui Southern Gas Company Limited(SSGC)	11.44 ▲ 0.99 (9.47%)
MetaTech. / Feb 7 MetaTech Health Limited(META)	7.14 ▲ 0.60 (9.17%)
Orient Rental / Feb 7 Orient Rental Mod(ORM)	6.55 ▲ 0.50 (8.26%)
Chashma / Feb 7 Chashma Sugar Mills Limited(CHAS)	64.68 ▲ 4.51 (7.50%)
Din Tex. / Feb 7 Din Textile Mills Limited(DINT)	102.63 ▲ 7.16 (7.50%)

Stock	Price
First Elite Cap.Mod / Feb 7 First Elite Capital Modaraba(FECM)	3 ▲ -0.32 (-9.64%)
Pak Gulf Leasing / Feb 7 Pak-Gulf Leasing Company Limited(PGLC)	6.03 ▲ -0.52 (-7.94%)
Shahtaj Sugar / Feb 7 Shahtaj Sugar Mills Limited(SHJS)	45.53 ▲ -3.69 (-7.50%)
AL-Noor Sugar / Feb 7 Al-Noor Sugar Mills Limited(ALNRS)	57.35 ▲ -4.64 (-7.49%)
Crescent Fib. / Feb 7 Crescent Fibres Limited(CFL)	52.73 ▲ -4.27 (-7.49%)
MCB-ARIF Habib / Feb 7 MCB-Arif Habib Savings and Invest(MCBAH)	21.97 ▲ -1.78 (-7.49%)
Sunrays Textile / Feb 7 Sunrays Textile Mills Limited(SUTM)	137.74 ▲ -11.16 (-7.49%)
Pak Leather / Feb 7 Pak Leather Crafts Limited(PAKL)	18.21 ▲ -1.47 (-7.47%)
Quetta Textile / Feb 7 Quetta Textile Mills Limited(QUET)	14.36 ▲ -1.16 (-7.47%)
Ellcot Spinning / Feb 7 Ellcot Spinning Mills Limited(ELSM)	121 ▲ -8.98 (-6.91%)

Stock	Volume
Pak Petroleum / Feb 7 Pakistan Petroleum Limited(PPL)	21,823,478 ▼ 5.59
Sui North Gas / Feb 7 Sui Northern Gas Pipelines Limited(SNGP)	13,436,569 ▼ 3.03
Oil & Gas Dev. / Feb 7 Oil & Gas Development Company Limited(OGDC)	10,544,849 ▼ 6.44
K-Electric Ltd. / Feb 7 K-Electric Limited(KEL)	8,976,715 ▼ 0.10
Hub Power Co. / Feb 7 The Hub Power Company Limited(HUBC)	7,912,174 ▼ 0.97
Sui South Gas / Feb 7 Sui Southern Gas Company Limited(SSGC)	7,743,500 ▼ 0.99
Cnergyico PK / Feb 7 Cnergyico PK Limited(CNERGY)	7,490,206 ▼ 0.06
WorldCall Telecom / Feb 7 Worldcall Telecom Limited(WTL)	5,875,506 ▼ 0.02
Dewan Motors / Feb 7 Dewan Farooque Motors Limited(DFML)	5,698,000 ▼ 0.17
P.T.C.L. / Feb 7 Pakistan Telecommunication Company Ltd(PTC)	5,530,500 ▼ 0.39

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 6	277.40
USD PKR Interbank Buying / Feb 6	275.40
USD to Japanese Yen / Feb 6	132.75
USD to Swiss Franc / Feb 6	0.93
Pound Sterling to USD / Feb 6	1.20
Euro to USD / Feb 6	1.07
UK LIBOR % / Feb 3	4.30

Stock	Volume
S&P 500 / Feb 6	4102.30
India Sensex / Feb 6	60506.90
Tokyo Nikkei / Feb 6	27693.65
Nasdaq / Feb 6	11876.41
Hang Seng / Feb 6	21349.17
FTSE 100 / Feb 6	7811.64
Dow Jones / Feb 6	33736.77
Germany DAX 30 / Feb 6	15308.79
France CAC40 / Feb 6	7110.62

Item	Value
Karachi Cotton PKR/37.32 KG / Feb 3	22235
Gold 10 Grams PKR / Feb 3	208500
Crude Oil USD/Barrel / Feb 6	72.87
Gold Spot USD/Ounce / Feb 6	1868.15
Cotton US¢/pound / Feb 6	84.80

Pakistan Economy

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