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Pakistan Economy

Inter-bank: rupee registers back-to-back gains against US dollar

Currency appreciates 0.05%, settles at 285.39 against US dollar

Updated 29 Nov, 2023 05:33pm

Business & Finance

World Bank points out 6 major challenges facing economy

ISLAMABAD: The World Bank Tuesday while pointing out six major challenges facing Pakistan’s economy has launched a...

Published 29 Nov, 2023 05:09am

Pakistan

Pakistan’s economy grows 2.13% in 1st quarter of FY24: NAC

GDP for FY23 revised slightly downward from growth of 0.29% to contraction of 0.17%

Published 28 Nov, 2023 10:43pm

Opinion

Economy on its knees

The initial euphoria of tens of billions of dollars investment by friendly countries is slowly fading away. The...

Updated 27 Nov, 2023 06:34am

Opinion

Wheeling charges: do or die

On Tuesday 28th November, power regulator Nepra will hold a public hearing on the Discos’ petitions to determine a...

Published 27 Nov, 2023 06:13am

Editorials

Circular debt devil could devour economy

EDITORIAL: That the devil of power circular debt has not stopped growing despite successive increase in base ...

Published 27 Nov, 2023 06:13am

Pakistan

Border trade halts after Pakistan imposes restrictions on Afghans

PESHAWAR: Trade was halted Tuesday at border crossings between Pakistan and Afghanistan after Islamabad imposed...

Updated 21 Nov, 2023 10:29pm

Pakistan

Pakistan secures two-year extension in Marine Mammal Protection Act exemption period

The US Department of Commerce and the National Marine Fisheries Service (NMFS), a US federal agency, awarded...

Published 21 Nov, 2023 04:44pm

Pakistan

Pakistan’s current account deficit clocks in at $74m in October

Total imports stand at $5.17bn against $5.35bn in the same period of previous year

Updated 20 Nov, 2023 10:20pm

Opinion

SIFC making waves?

Special Facilitation Investment Committee (SIFC) was established by the Shehbaz Sharif-led government on 17 June...

Updated 20 Nov, 2023 07:08am

Pakistan

Govt forms Industry Advisory Council

Council will be made up of 13 top industrial groups in the country
Dr Gohar Ejaz says he is thrilled to lead initiative as Federal Minister of Commerce and Industry

Updated 18 Nov, 2023 09:36pm

SBP governor unveils ‘strategic plan’ for 2023-28

Plan highlights the central bank’s vision, mission and key goals to be pursued over the next five years

Updated 18 Nov, 2023 08:47pm

Opinion

SIFC to act as a catalyst transforming country’s economy

In recent times, the economic landscape in Pakistan has witnessed a groundbreaking transformation with the advent of...

Updated 17 Nov, 2023 06:36am

SIFC satisfied with SOE sell-off progress

Ministries present progress on projects identified in key sectors

Updated 17 Nov, 2023 10:06am

Revised SOE policy approved by Cabinet body

ISLAMABAD: A meeting of the Cabinet Committee on State-Owned Enterprises (CCoSOEs) has approved revised SOE policy...

Updated 16 Nov, 2023 09:21am

Pakistan

Cement body urges govt to stop implementation of axle load regime

Says decision will lead to a reduction in foreign exchange inflow

Updated 15 Nov, 2023 10:46pm

Gohar explains how Pakistan, Afghanistan, Uzbekistan can expand economies

ISLAMABAD: Pakistan, Afghanistan, and Uzbekistan can tap into new markets and expand their economies by leveraging...

Updated 15 Nov, 2023 08:47am

IMF-govt policy-level talks begin

ISLAMABAD: Caretaker Finance Minister Dr Shamshad Akhtar on Monday began policy-level talks with the visiting staff...

Updated 14 Nov, 2023 08:18am

Technology

Voyage Freight raises $1mn in pre-seed funding

Voyage Freight, which says its Pakistan’s first digital freight forwarder, has secured over $1 million in pre-seed...

Updated 13 Nov, 2023 03:05pm

PTI issues ‘white paper’ on state of economy

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) government put the fast dwindling economy of the country on the path of...

Updated 13 Nov, 2023 08:56am

Editorials

Moody’s report

EDITORIAL: Moody’s recent reassessment of Pakistan’s vulnerability comes as no surprise: with exports a mere ...

Updated 13 Nov, 2023 06:54am

Opinion

Output: uptick, downtick or…

This is the second of a two-part series focusing on the contribution to dealing with the ongoing economic impasse, ...

Updated 13 Nov, 2023 06:59am

Sept debt stocks down 2.6pc to Rs62.291trn MoM

KARACHI: The federal government’s total debt (domestic and external) stocks recorded a decline of 2.6 percent in...

Updated 11 Nov, 2023 08:55am

Business & Finance

Oct remittances up 9.6pc to $2.463bn YoY

KARACHI: Inflows of workers’ remittances recorded a notable 10 percent growth during October 2023 compared to the...

Published 11 Nov, 2023 06:30am

Opinion

The menace of overloading and its adverse impact on our motorways

Pakistan’s has made steady progress in investing and developing its motorways across the country. This was a major...

Published 09 Nov, 2023 05:38am

Locally-produced cars: IMC CE lists factors behind high prices

ISLAMABAD: Indus Motor Company (IMC) Chief Executive Ali Asghar Jamali has said issues such as high taxation,...

Updated 09 Nov, 2023 03:59pm

Editorials

One big reason for food inflation

EDITORIAL: The National Price Monitoring Committee’s (NPMC’s) revelation of a 40 percent differential in...

Published 09 Nov, 2023 05:38am

Markets

Bullish run continues at PSX, KSE-100 gains over 525 points

Bullish run continued at the Pakistan Stock Exchange (PSX), as the benchmark KSE-100 Index settled at a new historic...

Updated 08 Nov, 2023 10:15pm

Business & Finance

Pak Suzuki announces yet another shutdown of automobile plant

Pak Suzuki Motor Company (PSMC) on Wednesday announced another temporary shutdown of its automobile plant amid...

Updated 08 Nov, 2023 03:05pm

Opinion

Development of Special Technology Zones

Software development and IT-enabled services (ITeS) for data centres, technical service/call centres, and telecom...

Updated 08 Nov, 2023 06:30am

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Dec 1 Dewan Sugar Mills Limited(DWSM)	3.73 ▲ 1.00 (36.63%)
Universal Ins. / Dec 1 The Universal Insurance Company Limited(UVIC)	6.15 ▲ 1.00 (19.42%)
JS Global Banking / Dec 1 JS Global Banking Sector (ETF)(JSGBETF)	13.53 ▲ 1.78 (15.15%)
Saritow Spinning / Dec 1 Saritow Spinning Mills Limited(SSML)	7.98 ▲ 1.00 (14.33%)
Abdullah Shah / Dec 1 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	7.04 ▲ 0.87 (14.10%)
Ruby Textile / Dec 1 Ruby Textile Mills Limited(RUBY)	5 ▲ 0.60 (13.64%)
Pak Gulf Leasing / Dec 1 Pak-Gulf Leasing Company Limited(PGLC)	7.85 ▲ 0.83 (11.82%)
Trust Sec.& Brok. / Dec 1 Trust Securities & Brokerage Limited(TSBL)	10.06 ▲ 1.00 (11.04%)
Next Capital / Dec 1 Next Capital Limited(NEXT)	6.23 ▲ 0.56 (9.88%)
Shaheen Ins. / Dec 1 Shaheen Insurance Company Limited(SHNI)	3.65 ▲ 0.32 (9.61%)

Stock	Price
Aruj Industries / Dec 1 Aruj Industries Limited(ARUJ)	8.03 ▼ -0.99 (-10.98%)
Tri-Star Mutual / Dec 1 Tri-Star Mutual Fund Limited(TSMF)	5.05 ▼ -0.58 (-10.30%)
Askari Life Assur. / Dec 1 Askari Life Assurance Company Limited(ALAC)	5.45 ▼ -0.50 (-8.40%)
Hallmark Co. / Dec 1 Hallmark Company Limited(HCL)	196.11 ▼ -15.90 (-7.50%)
Siemens Pak. / Dec 1 Siemens (Pakistan) Engineering(SIEM)	717.18 ▼ -58.15 (-7.50%)
Suraj Cotton / Dec 1 Suraj Cotton Mills Limited(SURC)	145 ▼ -11.75 (-7.50%)
Kohinoor Power / Dec 1 Kohinoor Power Company Limited(KOHP)	5.15 ▼ -0.27 (-4.98%)
First Prudential Mod. / Dec 1 First Prudential Modaraba(PMI)	1.91 ▼ -0.10 (-4.98%)
Clover Pakistan / Dec 1 Clover Pakistan Limited(CLOV)	24.11 ▼ -1.26 (-4.97%)
United Dist. / Dec 1 United Distributors Pakistan Limited(UDPL)	43 ▼ -2.00 (-4.44%)

Stock	Volume
Maple Leaf Cement / Dec 1 Maple Leaf Cement Factory Limited(MLCF)	37,073,118 ▲ 2.67
Fauji Foods Ltd / Dec 1 Fauji Foods Limited(FFL)	34,548,158 ▼ -0.10
Fauji Fert Bin / Dec 1 Fauji Fertilizer Bin Qasim Limited(FFBL)	33,025,000 ▲ 0.39
WorldCall Telecom / Dec 1 Worldcall Telecom Limited(WTL)	28,095,487 ▲ 0.04
Pak Elektron / Dec 1 Pak Elektron Limited(PAEL)	26,648,573 ▲ 0.96
Fauji Cement / Dec 1 Fauji Cement Company Limited(FCCL)	26,621,000 ▲ 1.32
Dewan Cement / Dec 1 Dewan Cement Limited(DCL)	17,398,000 ▲ 0.00
B.O.Punjab / Dec 1 The Bank of Punjab(BOP)	16,209,942 ▼ -0.10
Hum Network / Dec 1 Hum Network Limited(HUMNL)	14,815,500 ▲ 0.24
Air Link Com. / Dec 1 Air Link Communication Limited(AIRLINK)	13,147,920 ▲ 4.32

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 30	285.78
USD PKR Interbank Buying / Nov 30	285.23
USD to Japanese Yen / Nov 30	148.02
USD to Swiss Franc / Nov 30	0.87
Pound Sterling to USD / Nov 30	1.26
Euro to USD / Nov 30	1.09
UK LIBOR % / Nov 30	5.46

Stock	Volume
S&P 500 / Nov 30	4567.80
India Sensex / Nov 30	66988.44
Tokyo Nikkei / Nov 30	33486.89
Nasdaq / Nov 30	14226.22
Hang Seng / Nov 30	17042.88
FTSE 100 / Nov 30	7453.75
Dow Jones / Nov 30	35950.89
Germany DAX 30 / Nov 30	16215.43
France CAC40 / Nov 30	7310.77

Item	Value
Crude Oil USD/Barrel / Nov 30	75.50
Karachi Cotton PKR/37.32 KG / Nov 30	17435
Gold 10 Grams PKR / Nov 30	189472
Gold Spot USD/Ounce / Nov 30	2039.45
Cotton US¢/pound / Nov 30	80.06

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