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Pakistan Economy

Reversal in stance: SBP might opt for rate cut in upcoming MPC meeting, brokerage house says

The State Bank of Pakistan (SBP), scheduled to announce the key policy rate on June 10 (Monday), might opt for...

Updated 31 May, 2024 11:40pm

Markets

Saudi Aramco completes acquisition of 40% stake in GO Pakistan

Acquisition represents energy giant first downstream retail investment in Pakistan, says company

Updated 31 May, 2024 08:28pm

Pakistan

Pakistan’s FY25 budget to be presented on June 10, sources say

ISLAMABAD: Pakistan will present the financial year 2024/25 annual budget on June 10, two government sources said on...

Updated 31 May, 2024 11:18pm

Business & Finance

Govt determined to promote investment: governor

LAHORE: Governor Punjab Sardar Saleem Haider Khan has said that the government was determined to promote investment...

Published 30 May, 2024 06:19am

Markets

Ministry of Finance expects inflation to fall further to 13.5-14.5% in May

Govt's commitment to curbing inflation through stringent administrative measures paints a promising picture for the inflation outlook

Updated 29 May, 2024 10:26pm

Opinion

Auto industry

Pakistan’s automobile industry is stunted and dysfunctional. Customers must “book” a vehicle and wait upwards of...

Published 29 May, 2024 06:05am

Opinion

SIFC—a better role

The SIFC was created with a mandate to facilitate much-needed investments from foreign public and private entities...

Published 29 May, 2024 06:05am

Editorials

A bleak investment outlook

EDITORIAL: In a much-needed fillip for Pakistan’s floundering investment landscape, Prime Minister Shehbaz Sharif’s...

Published 29 May, 2024 06:05am

Opinion

Budget 2024-25: expectations

A budget is not merely a document of aggregated information on revenues, capital, and external receipts and on the...

Published 28 May, 2024 05:30am

Opinion

Big financing risks

The IMF Staff Mission has left Pakistan after a series of meetings on the next Fund Programme in the form of an...

Updated 28 May, 2024 05:54am

Editorials

Phenomenal rise in domestic borrowing

EDITORIAL: The government borrowed up to 77 percent domestically to finance its fiscal deficit in the first six...

Updated 28 May, 2024 05:52am

Pakistan

US ambassador Blome reiterates support for Pakistan’s economic reform agenda

Emphasises that United States remains Pakistan’s largest export market

Updated 27 May, 2024 10:23pm

Opinion

Budget projections for FY25

There is overwhelming evidence that approval of the budget for next fiscal year, reportedly to be presented to...

Updated 27 May, 2024 06:33am

Opinion

The long and winding road to revitalising investment

Pakistan’s investment-to-GDP ratio is at its lowest in fifty years, despite promises of tens of billions in ...

Updated 27 May, 2024 06:54am

Business & Finance

Positive signs indicate economic turnaround: Musadik

ISLAMABAD: Minister for Petroleum Musadik Malik said on Sunday that both internal and external economic indicators...

Published 27 May, 2024 05:52am

Public assets: Ministry seeks data to share it with IMF

Says IMF has recommended actions on an issue that the data on public assets was inconsistent and not easily centralised

Updated 27 May, 2024 11:43am

Editorials

IMF programme: there is need for design audit

EDITORIAL: Multilaterals, including the International Monetary Fund (IMF), have developed independent audit...

Updated 27 May, 2024 06:29am

Pakistan

CM Gandapur meets federal ministers to discuss electricity-related issues

Consensus reached between the Federal Ministers and the Khyber Pakhtunkhwa Chief Minister to address these issues collectively

Updated 26 May, 2024 09:31pm

Pakistan

PPP delegation meets PM Shehbaz to discuss budget 2024-25

Delegation includes former Prime Minister Raja Pervaiz Ashraf, Syed Naveed Qamar, Sindh Chief Minister Murad Ali Shah, and Sherry Rehman

Updated 26 May, 2024 06:17pm

Business & Finance

IMF’s EFF: Notable progress made towards reaching SLA

ISLAMABAD: The International Monetary Fund (IMF) and the Pakistani authorities made significant progress towards...

Published 25 May, 2024 05:32am

Share under NFC Award: Govt may explore option of sharing debt servicing, power circular debt with provinces

Government left with only 42.5 percent from divisible pool with interest payments and circular energy debt no longer sustainable

Updated 25 May, 2024 08:29pm

Business & Finance

Cost of CPEC’s ML1 project cut to $6.8bn

ISLAMABAD: Federal Minister for Planning Development and Special Initiatives, Ahsan Iqbal said on Friday that...

Published 25 May, 2024 05:32am

Pakistan

Pakistan greets $10bn UAE investment pledge

ISLAMABAD: Pakistan on Friday welcomed the United Arab Emirates (UAE)’s latest pledge of $10 billion investment in...

Published 25 May, 2024 05:32am

Pakistan

IMF, Pakistan make ‘significant progress’ towards staff-level agreement, lender says

Pakistan's reform programme also broadly outlined in statement

Updated 24 May, 2024 03:04pm

Business & Finance

Aleem rues low volume of trade with Kuwait

ISLAMABAD: Federal Minister of Investment Board, Privatisation and Communications, Abdul Aleem Khan has said that ...

Published 24 May, 2024 06:25am

Business & Finance

Govt wants private sector investment in infrastructure financing: Iqbal

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal has said that the...

Updated 24 May, 2024 07:24am

Third-party projects under CPEC: PM orders MoFA to finalise modalities in a week

The PM is scheduled to visit China before presentation of federal budget 2024-25

Updated 24 May, 2024 02:29pm

Opinion

Budgets 2024: thinking afresh

“Simplify taxes, reduce the cost of excessive documentation, open the economy for higher growth and employment,...

Updated 24 May, 2024 05:49am

Opinion

Primary surplus, fiscal deficit, over-board austerity policy, and existential threats

International Monetary Fund (IMF) wishes government to have primary surplus, which means that before paying interest...

Updated 27 May, 2024 07:12pm

Pakistan

‘Not here to seek loans’: Pakistan needs to replicate UAE model of transforming economy, says PM

Premier is on day-long visit with investment pitch on the agenda

Updated 23 May, 2024 10:45pm

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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