Trends - Pakistan Economy - Business Recorder

Pakistan Economy

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

Pakistan

PTI govt striving hard to strengthen economy: Qureshi

A strong economy was of vital importance to address the issue of unemployment and poverty alleviation, he stressed.

Published 03 Jan, 2021 07:28pm

Business & Finance

Pakistan eyes to boost its economy through CPEC 2nd phase: Bajwa

Bajwa informed that the second phase of CPEC will be about job creation and increasing investment opportunities, which will be achieved through industrialization and enhancing the agriculture sector.

Published 02 Jan, 2021 11:41am

Business & Finance

Pakistan posts ‘Highest-Ever’ Exports figure for the month of December

Pakistan exports for the month of December 2020 have grown by 18.3 percent to USD 2.357 billion as compared to USD 1.993 billion in December 2019.

Updated 01 Jan, 2021 05:55pm

Pakistan

Amid Covid-19, economy witnesses considerable recovery in 5 months of FY21

Governor SBP briefed that Monetary Policy was accommodative due to COVID-19 and has paved way for economic recovery.

Published 24 Dec, 2020 07:34pm

Business & Finance

Approved financing under TERF reach over Rs 222bn in Dec: SBP

This could be reflected by the increase in requested amount from Rs 36.1 billion by end April 2020 to Rs 517.4 billion by Dec 10, 2020.

Updated 16 Dec, 2020 01:06pm

Business & Finance

Industry driving Pakistan’s Economic growth, says Azhar after LSMI output increase

"At a time when the global economy is in a deep recession, Industry is driving economic growth and recovery in Pakistan,” said Azhar

Published 15 Dec, 2020 01:08pm

World

U.S. House Democrat slams Trump trade policies, urges Biden to work with allies

The head of the powerful U.S. House of Representatives Ways and Means Committee on Friday slammed what he called President Donald Trump’s “unsophisticated response” to China’s ambitions and called for a major recalibration of U.S. policies.
Chairman Richard Neal, a Democrat, urged the future administration of fellow-Democrat Joe Biden to formulate a package of programs and investment to counterbalance China.

Published 12 Dec, 2020 07:11pm

World

EU Commission chief sees more chance of no Brexit trade deal

Britain is more likely to leave the European Union’s orbit on Dec. 31 without a trade deal than with an agreement, an EU official quoted the head of the European Commission.
A no-trade deal Brexit would damage the economies of northern Europe, send shockwaves through financial markets, snarl borders and sow chaos through the delicate supply chains which stretch across Europe and beyond.

Published 11 Dec, 2020 05:30pm

Business & Finance

Need to sustain strong Remittances flow to get ‘true economic independence’: Asad

The minister in a tweet post on Friday said that strong remittance flows are significantly helping with Pakistan’s external account.

Published 11 Dec, 2020 12:11pm

World

Exclusive: U.S. set to sanction Turkey over Russian defense system - sources

Two sources familiar with the matter, including a U.S. official speaking on the condition of anonymity, said President Donald Trump had given aides the blessing for the sanctions.

Published 11 Dec, 2020 09:37am

Pakistan

Pakistan’s economy is recovering: ADB

It forecast the developing Asian growth to rebound to 6.8% in 2021, but prospects diverge within the region.

Published 11 Dec, 2020 01:53am

Business & Finance

Govt intends to reindustrialize Pakistan: Hammad Azhar

Hammad said that the government would further introduce measures to facilitate business in the coming budgets.

Published 09 Dec, 2020 01:29pm

Business & Finance

Japan to compile nearly $200 billion third extra budget: government source

Prime Minister Yoshihide Suga on Tuesday announced his plan to compile a 73.6 trillion yen stimulus package to speed up the country’s recovery from its deep coronavirus slump.

Published 08 Dec, 2020 10:00am

Pakistan

Govt taking effective measures for economy: Dr Firdous

She discussed the expected visit of the prime minister and Chief Minister Usman Bazdar to Sialkot on Dec 9.

Published 06 Dec, 2020 05:57pm

Business & Finance

Pakistan economy poised to bounce back, KSE-100 to hit 52,000 points by 2021

The report was of the view that it expects the economic activity in Pakistan to continue the robust pace it has shown over the last couple of months.
The report was of the view that “we think that an exit from the FATF grey list in February has become quite likely. This would be a significant stimulant for confidence in the equity bourse.”

Updated 05 Dec, 2020 04:47pm

Business & Finance

'Second wave' hampers Pakistan’s Refining, Fuel Demand Growth Outlooks: Report

The report said that a sharp resurgence in new daily Covid-19 infections in Pakistan has put the brakes on the government’s economic reopening plans after earlier lockdowns.

Published 02 Dec, 2020 02:46pm

Markets

Pakistan economy is underway of recovery: MoF Report

According to the report, the budget deficit reached Rs 484 billion.

Published 28 Nov, 2020 04:29pm

Business & Finance

Following COVID-19 SOPs is good for business, finds Study

“When people feel safer to spend, or more importantly, when the pandemic is kept at bay, the economy is more likely to have a quick recovery. Not to mention the lives that will be saved.”

Published 28 Nov, 2020 01:23pm

Business & Finance

Pakistan economy gathering steam, but vulnerability persists, says SAPM

He said that it remains to be decided whether the IMF review mission would visit Pakistan or conduct a virtual review.

Published 25 Nov, 2020 01:12pm

Business & Finance

Pakistan sees 'light at the end of the tunnel’ as domestic activity indicators pickup: Baqir

The Governor said that the committee kept unchanged its projection for growth this fiscal year at about 2 percent.

Published 25 Nov, 2020 11:26am

Business & Finance

Pakistan’s C/A maintains surplus for fourth consecutive month

As per the central bank, this comes on the back of a sustained increase in remittances and a smaller trade deficit.

Updated 19 Nov, 2020 11:38am

Business & Finance

Finance Adviser Shaikh urges on improving governance

Shaikh said that despite the Coronavirus pandemic, the Pakistani economy performed positively, the government distributed financial assistance to the beneficiaries under the Ehsas program and provided a special package for the business community to mitigate the COVID-19 impact.

Published 18 Nov, 2020 02:22pm

Business & Finance

Finance Adviser Shaikh urges on improving governance

Shaikh said that despite the Coronavirus pandemic, the Pakistani economy performed positively, the government distributed financial assistance to the beneficiaries under the Ehsas program and provided a special package for the business community to mitigate the COVID-19 impact.

Published 18 Nov, 2020 02:22pm

Gainers
Losers
Leaders

Stock	Price
786 Investments / Feb 27 786 Investments Limited(786)	10.14 ▼ 0.00 (0.00%)
AL- Abbas / Feb 27 Al-Abbas Sugar Mills Limited(AABS)	355.00 ▼ 0.00 (0.00%)
Agro Allianz / Feb 27 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 27 Allied Bank Limited(ABL)	80.52 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 27 Abbott Laboratories (Pakistan) Limited(ABOT)	759.20 ▼ 0.00 (0.00%)
Abson Ind. / Feb 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Feb 27 Attock Cement Pakistan Limited(ACPL)	189.73 ▼ 0.00 (0.00%)
Adam Sugar / Feb 27 Adam Sugar Mills Limited(ADAMS)	30.06 ▼ 0.00 (0.00%)

Stock	Price
786 Investments / Feb 27 786 Investments Limited(786)	10.14 ▼ 0.00 (0.00%)
AL- Abbas / Feb 27 Al-Abbas Sugar Mills Limited(AABS)	355.00 ▼ 0.00 (0.00%)
Agro Allianz / Feb 27 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 27 Allied Bank Limited(ABL)	80.52 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 27 Abbott Laboratories (Pakistan) Limited(ABOT)	759.20 ▼ 0.00 (0.00%)
Abson Ind. / Feb 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Feb 27 Attock Cement Pakistan Limited(ACPL)	189.73 ▼ 0.00 (0.00%)
Adam Sugar / Feb 27 Adam Sugar Mills Limited(ADAMS)	30.06 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 27	158.10
USD PKR Interbank Buying / Feb 27	158.00
USD to Japanese Yen / Feb 27	106.57
USD to Swiss Franc / Feb 27	0.91
Pound Sterling to USD / Feb 27	1.39
Euro to USD / Feb 27	1.21
UK LIBOR % / Feb 27	0.08

Stock	Volume
S&P 500 / Feb 27	3811.15
India Sensex / Feb 27	49099.99
Tokyo Nikkei / Feb 27	28966.01
Nasdaq / Feb 27	13192.35
Hang Seng / Feb 27	28980.21
FTSE 100 / Feb 27	6483.43
Dow Jones / Feb 27	30932.37
Germany DAX 30 / Feb 27	13786.29
France CAC40 / Feb 27	5703.22

Item	Value
Crude Oil / Feb 27	61.50
Karachi Cotton Assoc. / Feb 27	12200.00
Gold 10 Grams / Feb 27	94564.00
Gold Spot / Feb 27	1728.80
Cotton / Feb 27	88.83

Pakistan Economy

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

PTI govt striving hard to strengthen economy: Qureshi

Pakistan eyes to boost its economy through CPEC 2nd phase: Bajwa

Pakistan posts ‘Highest-Ever’ Exports figure for the month of December

Amid Covid-19, economy witnesses considerable recovery in 5 months of FY21

Approved financing under TERF reach over Rs 222bn in Dec: SBP

Industry driving Pakistan’s Economic growth, says Azhar after LSMI output increase

U.S. House Democrat slams Trump trade policies, urges Biden to work with allies

EU Commission chief sees more chance of no Brexit trade deal

Need to sustain strong Remittances flow to get ‘true economic independence’: Asad

Exclusive: U.S. set to sanction Turkey over Russian defense system - sources

Pakistan’s economy is recovering: ADB

Govt intends to reindustrialize Pakistan: Hammad Azhar

Japan to compile nearly $200 billion third extra budget: government source

Govt taking effective measures for economy: Dr Firdous

Pakistan economy poised to bounce back, KSE-100 to hit 52,000 points by 2021

'Second wave' hampers Pakistan’s Refining, Fuel Demand Growth Outlooks: Report

Pakistan economy is underway of recovery: MoF Report

Following COVID-19 SOPs is good for business, finds Study

Pakistan economy gathering steam, but vulnerability persists, says SAPM

Pakistan sees 'light at the end of the tunnel’ as domestic activity indicators pickup: Baqir

Pakistan’s C/A maintains surplus for fourth consecutive month

Finance Adviser Shaikh urges on improving governance

Finance Adviser Shaikh urges on improving governance

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