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Pakistan Economy

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

Loss-making Discos — Who tops the chart?

Opinion

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 31	278.42
USD PKR Interbank Buying / May 31	278.22
USD to Japanese Yen / May 31	156.89
USD to Swiss Franc / May 31	0.90
Pound Sterling to USD / May 31	1.27
Euro to USD / May 31	1.08

Stock	Volume
S&P 500 / May 30	5235.48
Nasdaq / May 30	16737.08
FTSE 100 / May 30	8231.05
Dow Jones / May 30	38111.48
Germany DAX 30 / May 30	18496.79
France CAC40 / May 30	7978.51
India Sensex / May 31	74020.51
Tokyo Nikkei / May 31	38487.90

Item	Value
Gold 10 Grams PKR / May 30	208076
Crude Oil USD/Barrel / May 31	77.90
Karachi Cotton PKR/37.32 KG / May 31	207219
Gold Spot USD/Ounce / May 31	2345.48
Cotton US¢/pound / May 31	76.09
Petrol/Litre / Jun 1	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 1 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 1 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 1 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 1 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 1 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 1 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 1 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 1 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 1 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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