Trends - Pakistan Economy - Business Recorder

Pakistan Economy

A recalcitrant rupee: Deliberate policy or otherwise?

The rupee-dollar interbank parity is close to the historical high of 168.8 (15 August 2020) this week past with a...

Updated 13 Sep, 2021 09:30am

Pakistan

Construction boom has started in Pakistan: PM

Addressing the Property, Housing, and Construction Expo 2021 at the Pakistan-China Friendship Center in Islamabad, Imran Khan says growing demand in the construction sector will help related industries

Published 03 Sep, 2021 08:12pm

Business & Finance

S&P Global affirms Pakistan ratings at 'B-/B', outlook stable

S&P Global Ratings has affirmed its 'B-' long-term and 'B' short-term sovereign credit rating on Pakistan, while...

Published 31 Aug, 2021 11:34am

Business & Finance

‘Pakistan should raise revenue by increasing exports’

KARACHI: It is inevitable for Pakistan to raise revenue by growing the exports up to $80 billion, which is daunting...

Published 01 Aug, 2021 04:46am

Business & Finance

Highest import worth $6.3bn in June: Pasha warns of hard times ahead

LAHORE: Former finance minister Dr Hafeez Pasha has warned of difficult times ahead, as the country has witnessed a...

Updated 28 Jul, 2021 10:47am

Business & Finance

'Countries with independent central bank achieve better outcomes': SBP

KARACHI: 'Pakistan is not the only country where changes in the central bank Act have been proposed for its autonomy...

Published 09 Jul, 2021 04:25am

Opinion

Stabilisation and growth without much reforms – I

In the latest interaction with the public, Prime Minister Imran Khan highlighted that the country’s economy had...

Published 04 Jun, 2021 05:06am

Business & Finance

SBP touts Pakistan’s economic recovery, cautions govt over interest payments

Central bank hails pickup in industrial activity, but flags some areas of concerns

Published 03 Jun, 2021 02:39pm

Business & Finance

Economic reforms to be backed by political will, assures Tarin

Finance minister says political apparatus involved in reforms agenda
Tarin's remarks come during a webinar organised by IPR

Updated 30 May, 2021 03:58pm

Business & Finance

GDP growth forecast of 4.8pc approved for next fiscal: Umar

The minister was of the view that the approval reflects the strength of growth momentum in the economy while maintaining strong fundamentals.

Updated 28 May, 2021 08:38pm

Business & Finance

Economic revival on 'sound footing' says SBP, as CAB post $200mn deficit

The central bank added that through the first 10 months of the ongoing fiscal year, CAB remains in surplus of $800mn, which is “a significant turnaround from the $4.7bn deficit during the same period last year.

Published 25 May, 2021 01:36pm

Govt projects Pakistan economy to grow at 3.94% in FY21

Estimate comes in stark contrast to earlier projections by the SBP and IMF that see growth between 1.5 and 2.5%
National Accounts Committee says recovery to come on back of strong turnaround in industrial sector.

Published 22 May, 2021 12:32am

Business & Finance

Pakistan economic growth projected to be 3pc: Baqir

He said that despite coronavirus pandemic, economic indicators are strong this year.

Updated 15 May, 2021 10:42am

Business & Finance

Current COVID wave threatens Pakistan's economic recovery: Tarin

“The current IMF program was quite difficult and such conditions were imposed, which has a political cost as well," said Tarin.

Published 05 May, 2021 03:27pm

Business & Finance

Until exports increase, Pakistan need to close gap with remittances: PM

He was hopeful that the introduction of two new products including the Roshan Apni Car and Roshan Samaji Khidmat to increase the participation of Overseas Pakistanis will be successful.

Updated 29 Apr, 2021 02:59pm

Pakistan

Pakistan economy to grow 2pc in FY21, 4pc by FY22: ADB

Revenue fell slightly from 7.7 percent of GDP in the first half of FY2020 to 7.4 percent a year later, primarily from a decline in nontax revenue, which had been exceptionally high in the previous year.

Published 28 Apr, 2021 06:41pm

Business & Finance

Pakistan's economy projected to rebound this year: ADB

Assuming the COVID-19 vaccine rollout is successful and economic stabilization measures are implemented, growth is expected to accelerate to 4pc in 2022 with improved consumption and investor confidence.

Published 28 Apr, 2021 10:57am

Business & Finance

Pakistan economy needs to grow 7-9pc to generate jobs, curb debt: Report

The report highlighted that investment and productivity, which are the two major drivers of growth are not only rather low in Pakistan, but are on a decline.

Published 23 Apr, 2021 11:16am

Business & Finance

Finance Minister Tarin kicks off budget preperation

The Finance Minister said that there are many plans to improve the economy, which will be revealed to the media.

Published 19 Apr, 2021 03:47pm

Business & Finance

Meeting IMF conditions biggest challenge for Tarin, says Expert

On Friday, Shaukat Tarin was appointed as the fourth Finance and Revenue Minister to head Ministry of Finance (MoF) in less than three years ahead of the budget for the next fiscal year.

Published 19 Apr, 2021 01:30pm

Business & Finance

Hammad confident Pakistan's economy to grow faster than earlier forecasts

“Starting from next fiscal year, we will be targeting an even higher growth rate that may exceed 4pc per annum,” said Azhar in a tweet.

Published 07 Apr, 2021 10:38am

Business & Finance

Approached IMF due to weak economic conditions, says Baqir

He said SBP will implement those policies which benefit the economy of Pakistan.

Published 05 Apr, 2021 10:42am

BR Research

Big banks stand out

What if the assets base did not grow much? What if the interest rates were down from a year ago? Having muscle...

Published 03 Mar, 2021 07:35am

Business & Finance

Pakistan’s economic growth prospects showing signs of improvement

Taking all these observations into account, YoY inflation for next month may remain between 5.5−7.5 percent.
The Monthly Economic Indicator (MEI), which is based on combining monthly data of indicators that are proven to be correlated with GDP at constant prices shows continued strong growth in January, in continuation with what was observed in the previous seven months.

Published 27 Feb, 2021 12:59pm

Business & Finance

How much FATF grey-listing cost Pakistan’s economy?

The study results suggest that FATF grey-listing, starting in 2008 and till 2019, may have resulted in cumulative real GDP losses of approximately $38bn.

Published 25 Feb, 2021 04:16pm

Business & Finance

Despite COVID-19, Pakistan economy moving in the right direction, says PM

The premier was of the view that unless the rupee strengthens, the economy will not strengthen because when the currency falls, so does investment.

Updated 18 Feb, 2021 04:58pm

Business & Finance

Fitch revises Pakistan’s real growth at 1.1pc amid strong external demand

Fitch states that a very likely rebound in the global economy along with a global vaccine rollout will also bode well for exports which will in turn feed into private consumption through better employment prospects in export related sectors.

Published 01 Feb, 2021 01:47pm

Business & Finance

WB expects Pakistan economic growth to average 1.3pc over next two fiscals

WB stated that Pakistan's growth is projected to be held back by continued fiscal consolidation pressures and services sector weakness.

Published 06 Jan, 2021 04:56pm

Business & Finance

Explainer! How did Pakistan’s Remittances continue to grow despite COVID-19?

The central bank said that it has also significantly revised its forecast for remittances for CY20, from an initial projection of a 23 percent decline to a growth of 9 percent.

Published 06 Jan, 2021 11:45am

Business & Finance

PM Year in Review 2020: CAD post surplus, FX reserves cross $13bn

The Foreign Exchange Reserves crossed $13 billion, the highest since February 2018.

Published 04 Jan, 2021 02:54pm

Gainers
Losers
Leaders

Stock	Price
786 Investments / Sep 18 786 Investments Limited(786)	9.00 ▼ 0.00 (0.00%)
AL- Abbas / Sep 18 Al-Abbas Sugar Mills Limited(AABS)	297.04 ▼ 0.00 (0.00%)
Agro Allianz / Sep 18 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 18 Allied Bank Limited(ABL)	69.50 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 18 Abbott Laboratories (Pakistan) Limited(ABOT)	761.22 ▼ 0.00 (0.00%)
Abson Ind. / Sep 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Sep 18 Attock Cement Pakistan Limited(ACPL)	141.44 ▼ 0.00 (0.00%)
Adam Sugar / Sep 18 Adam Sugar Mills Limited(ADAMS)	36.34 ▼ 0.00 (0.00%)

Stock	Price
786 Investments / Sep 18 786 Investments Limited(786)	9.00 ▼ 0.00 (0.00%)
AL- Abbas / Sep 18 Al-Abbas Sugar Mills Limited(AABS)	297.04 ▼ 0.00 (0.00%)
Agro Allianz / Sep 18 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 18 Allied Bank Limited(ABL)	69.50 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 18 Abbott Laboratories (Pakistan) Limited(ABOT)	761.22 ▼ 0.00 (0.00%)
Abson Ind. / Sep 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Sep 18 Attock Cement Pakistan Limited(ACPL)	141.44 ▼ 0.00 (0.00%)
Adam Sugar / Sep 18 Adam Sugar Mills Limited(ADAMS)	36.34 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 18	168.25
USD PKR Interbank Buying / Sep 18	168.15
USD to Japanese Yen / Sep 18	109.93
USD to Swiss Franc / Sep 18	0.93
Pound Sterling to USD / Sep 18	1.37
Euro to USD / Sep 18	1.17
UK LIBOR % / Sep 18	0.07

Stock	Volume
S&P 500 / Sep 18	4432.99
India Sensex / Sep 18	59051.89
Tokyo Nikkei / Sep 18	30500.05
Nasdaq / Sep 18	15043.97
Hang Seng / Sep 18	24920.76
FTSE 100 / Sep 18	6963.64
Dow Jones / Sep 18	34584.88
Germany DAX 30 / Sep 18	15490.17
France CAC40 / Sep 18	6570.19

Item	Value
Crude Oil / Sep 18	71.97
Karachi Cotton Assoc. / Sep 18	13430.00
Gold 10 Grams / Sep 18	97600.00
Gold Spot / Sep 18	1754.34
Cotton / Sep 18	92.33

Pakistan Economy

A recalcitrant rupee: Deliberate policy or otherwise?

Construction boom has started in Pakistan: PM

S&P Global affirms Pakistan ratings at 'B-/B', outlook stable

‘Pakistan should raise revenue by increasing exports’

Highest import worth $6.3bn in June: Pasha warns of hard times ahead

'Countries with independent central bank achieve better outcomes': SBP

Stabilisation and growth without much reforms – I

SBP touts Pakistan’s economic recovery, cautions govt over interest payments

Economic reforms to be backed by political will, assures Tarin

GDP growth forecast of 4.8pc approved for next fiscal: Umar

Economic revival on 'sound footing' says SBP, as CAB post $200mn deficit

Govt projects Pakistan economy to grow at 3.94% in FY21

Pakistan economic growth projected to be 3pc: Baqir

Current COVID wave threatens Pakistan's economic recovery: Tarin

Until exports increase, Pakistan need to close gap with remittances: PM

Pakistan economy to grow 2pc in FY21, 4pc by FY22: ADB

Pakistan's economy projected to rebound this year: ADB

Pakistan economy needs to grow 7-9pc to generate jobs, curb debt: Report

Finance Minister Tarin kicks off budget preperation

Meeting IMF conditions biggest challenge for Tarin, says Expert

Hammad confident Pakistan's economy to grow faster than earlier forecasts

Approached IMF due to weak economic conditions, says Baqir

Big banks stand out

Pakistan’s economic growth prospects showing signs of improvement

How much FATF grey-listing cost Pakistan’s economy?

Despite COVID-19, Pakistan economy moving in the right direction, says PM

Fitch revises Pakistan’s real growth at 1.1pc amid strong external demand

WB expects Pakistan economic growth to average 1.3pc over next two fiscals

Explainer! How did Pakistan’s Remittances continue to grow despite COVID-19?

PM Year in Review 2020: CAD post surplus, FX reserves cross $13bn

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