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Pakistan Economy

Pakistan’s current account posts surplus of $9mn in November

This is the first surplus since June 2023

Updated 18 Dec, 2023 05:35pm

Opinion

Why emphasis on export-led growth becomes imperative

In the expansive arena of economic governance, Ludwig von Mises’ profound assertion resonates: “If one rejects...

Published 18 Dec, 2023 06:42am

Opinion

Fertilizer: a subsidy for dealers?

For a very long time, the government has been supplying gas at a subsidized rate to fertilizer companies (mainly to...

Updated 18 Dec, 2023 07:03am

Oct LSMI output down 4.08pc YoY

The LSMI quantum index number (QIM) estimated for October 2023 is 111.06

Updated 16 Dec, 2023 05:34pm

Rs2.25trn agri credit target set by central bank

KARACHI: While setting the agriculture credit disbursement target at Rs 2.250 trillion for this fiscal year (FY24),...

Updated 16 Dec, 2023 09:57am

Opinion

Pakistan’s promising economic outlook

The finance division’s ‘monthly economic outlook report’ for the month of November reveals that Pakistan’s...

Published 14 Dec, 2023 05:24am

ADB explains why recovery is still constrained

Says Pakistan’s inflation rate is expected to ease amid fiscal consolidation and monetary tightening

Updated 14 Dec, 2023 09:58am

Pakistan

‘High external funding risks’: Fitch maintains Pakistan’s rating at CCC

Notes there are risks pertaining to policy implementation as parties across the political spectrum have extensive record of failing to implement or reversing reforms agreed with the IMF

Updated 13 Dec, 2023 05:56pm

Markets

Profit-taking drags KSE-100 Index 1.73% lower

Experts say correction much-needed after record-breaking rally at bourse

Updated 13 Dec, 2023 06:31pm

Business & Finance

Key policy rate kept unchanged at 22pc

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Tuesday kept the policy rate...

Published 13 Dec, 2023 05:33am

Business & Finance

SBP keeps key policy rate unchanged at 22%

Majority analysts had expected central bank to hold key interest rate

Updated 12 Dec, 2023 10:49pm

Business & Finance

SBP may hold rates steady as inflation seen easing

KARACHI: Central bank is expected to hold its key rate steady at a fourth straight policy meeting on Tuesday, with...

Published 12 Dec, 2023 05:28am

Business & Finance

MPS today

KARACHI: The meeting of the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) to be held today...

Published 12 Dec, 2023 05:28am

Business & Finance

PIDE underscores need for reducing policy rate by 50-100bps

ISLAMABAD: The Pakistan Institute of Development Economics (PIDE) has suggested lowering down discount rate by 50 to...

Published 12 Dec, 2023 05:28am

Opinion

PSX rally: don’t read too much into ‘tezi’

The stock market is booming. The KSE100 index posted a return of 60 percent this fiscal year to date, and the rally...

Published 11 Dec, 2023 06:41am

‘Country is not getting new inflows from abroad’

ISLAMABAD: Pakistan’s Gross Domestic Product (GDP) has been estimated at 2.17 percent for the first quarter of the...

Updated 11 Dec, 2023 09:09am

Business & Finance

How to increase remittances: LCCI for offering incentives to overseas Pakistanis

LAHORE: Trust building, encouragement and the lucrative incentives to the overseas Pakistanis can multiple the...

Published 11 Dec, 2023 06:41am

Opinion

Serious efforts at last!

As winter sets in and major cities in the country are engulfed with fog and smog with related diseases figures sky...

Published 09 Dec, 2023 05:46am

‘$100bn export vision’: EAC charts course

ISLAMABAD: The Export Advisory Council (EAC) on Friday held its inaugural meeting under the chairmanship of...

Updated 09 Dec, 2023 09:53pm

Dar seeks global collaboration for economic prosperity

ISLAMABAD: Leader of the House in Senate, Senator Mohammad Ishaq Dar on Friday emphasized the significance of...

Updated 09 Dec, 2023 10:04am

Pakistan

Illegal foreigners hurting economy, security: COAS

ISLAMABAD: General Syed Asim Munir, chief of army staff (COAS) has said illegal foreigners were seriously affecting...

Published 08 Dec, 2023 05:20am

Ways identified to salvage economy, back businesses

Country’s top businessmen urge government to reform Federal Board of Revenue

Updated 08 Dec, 2023 10:03am

Pakistan

Pakistan’s future is ‘very bright’: IMF officials laud improvement in economic situation

It's one of the most important countries in the region and in the world. Pakistanis deserve much more,' says Bahador Bijani, IMF Executive Director

Updated 07 Dec, 2023 10:31pm

Markets

Engro Polymer and Chemicals inks gas supply deal with SSGC

Engro Polymer and Chemicals Limited (EPCL), a subsidiary of Engro Corporation, said on Wednesday it has entered into...

Published 07 Dec, 2023 01:45pm

Markets

Experts see status quo in last monetary policy announcement of 2023

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) is set to meet on Tuesday, December 12,...

Updated 06 Dec, 2023 10:41pm

India to be world’s third-largest economy by 2030: S&P

BENGALURU: India will remain the fastest-growing major economy for at least the next three years, setting it on...

Published 06 Dec, 2023 04:27am

FBR notifies list of entities to be integrated with its ‘RADAR’

ISLAMABAD: The remittance gateways licensed by the State Bank of Pakistan (SBP) are among the financial institutions...

Updated 06 Dec, 2023 09:29am

Business & Finance

Ghani Chemical looks to establish Pakistan’s ‘largest ASU plant’ in Khyber Pakhtunkhwa

Ghani Chemical Industries Limited (GCIL) is in process to set up Pakistan’s largest Air Separation Unit (ASU) plant...

Published 05 Dec, 2023 03:31pm

Markets

Ceasing operations in Pakistan: Engro Corporation rejects ‘false’ assertion

Engro Corporation Limited, one of Pakistan’s largest conglomerates, on Monday rejected ‘false information’...

Published 04 Dec, 2023 11:47am

Business & Finance

There’s visible improvement in economy: Zahid

KARACHI: Chairman of National Business Group Pakistan and President Pakistan Businessmen and Intellectuals Forum ...

Published 04 Dec, 2023 05:35am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	278.55
USD PKR Interbank Buying / May 16	278.25
USD to Japanese Yen / May 16	154.33
USD to Swiss Franc / May 16	0.90
Pound Sterling to USD / May 16	1.27
Euro to USD / May 16	1.09

Stock	Volume
S&P 500 / May 15	5308.15
Nasdaq / May 15	16742.39
Dow Jones / May 15	39908
India Sensex / May 16	72771.48
Tokyo Nikkei / May 16	38920.26
Hang Seng / May 16	19336.77
FTSE 100 / May 16	8411.75
Germany DAX 30 / May 16	18842.52

Item	Value
Petrol/Litre / May 16	273.10
Crude Oil USD/Barrel / May 16	78.95
Karachi Cotton PKR/37.32 KG / May 16	19935
Gold 10 Grams PKR / May 16	210562
Gold Spot USD/Ounce / May 16	2388.50
Diesel/Litre / May 16	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 16 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 16 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 16 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 16 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 16 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 16 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 16 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 16 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 16 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 16 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 16 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 16 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 16 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 16 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 16 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 16 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 16 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 16 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 16 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 16 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 16 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 16 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 16 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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