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Pakistan Economy

The AJK curtain-raiser

I fear the recent unrest in AJK was not an isolated affair, nor does the delayed Rs35bn sweetener mean the end of ...

Published 16 May, 2024 06:28am

Business & Finance

Ahsan emphasises role of growth in economic development

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal emphasized the critical...

Published 16 May, 2024 06:28am

Business & Finance

Pakistan can become a $1 trillion economy by 2035: minister

ISLAMABAD: Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal said that there is a need...

Published 16 May, 2024 06:28am

Business & Finance

Federal cabinet approves rules to expedite disposal of pending tax cases

The Inland Revenue Appellate Tribunals' member appointments will be governed by approved regulations

Published 15 May, 2024 04:31pm

Pakistan

Nation suffering due to wrong priorities of policymakers

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

Published 15 May, 2024 05:47am

Opinion

Time to act: 9 cents/kWh

The country faces daunting economic challenges. A shrinking industrial base, a bulging workforce with no jobs to...

Updated 15 May, 2024 06:28am

H1FY24: Driven by agri sector, real GDP grew 1.7pc: SBP

Macroeconomic conditions improve during first half of fiscal year 2024

Updated 15 May, 2024 09:24am

Business & Finance

Political uncertainty impacting economy: SBP

KARACHI: Despite some improvement in macroeconomic indicators, economy continues to grapple with the structural...

Published 15 May, 2024 05:47am

Business & Finance

H1FY24 agri sector output rebounds

KARACHI: The output of agriculture sector rebounded, with 6.8 percent growth in the first half of FY24 compared to...

Updated 15 May, 2024 09:19am

Business & Finance

H2FY24: SBP expects continuation of modest recovery

KARACHI: The State Bank of Pakistan (SBP) expects continuation of modest economic recovery in the second half of ...

Published 15 May, 2024 05:47am

Pakistan

Political uncertainty impacting Pakistan economy, says SBP

Policy, structural challenges need to be addressed as necessary tailwind, says central bank in half-year report

Updated 14 May, 2024 10:50pm

Pakistan

Pakistan, Saudi Arabia partners in progress, prosperity: PM Shehbaz

Premier says both countries have identified areas of cooperation

Published 13 May, 2024 05:28pm

Aurangzeb spells out priorities

Says improving tax-to-GDP ratio, fast privatisation of state-owned enterprises and overhauling energy sector are priorities of the government

Updated 13 May, 2024 10:12am

Opinion

Strategy for sustainable growth: Energy-efficient textile industry

Since 2000, there has been a significant outburst in the global energy consumption, paralleled by Pakistan’s rising...

Published 13 May, 2024 06:08am

Editorials

Taxation: maybe we need a rethink

EDITORIAL: The IMF (International Monetary Fund) may ask the government to enhance the tax collection to reach 13...

Published 13 May, 2024 06:08am

Pakistan

Finance Minister says no such thing as strategic state-owned enterprises

Muhammad Aurangzeb says there will be a public-private partnership and we will accelerate the privatisation agenda

Updated 12 May, 2024 10:24pm

Home-grown economic uplift: PM constitutes committee

ISLAMABAD: Prime Minister Shehbaz Sharif has constituted a six-member committee to be headed by the finance minister...

Updated 11 May, 2024 09:44am

SBA: performance against end-Dec benchmarks satisfactory

ISLAMABAD: The Pakistani authorities’ overall performance against end-December quantitative performance criteria...

Updated 11 May, 2024 01:43pm

Gross external financing needs: IMF lowers projection to $21.044bn

ISLAMABAD: The International Monetary Fund (IMF) has lowered the projection of Pakistan’s gross external financing...

Updated 11 May, 2024 08:41am

Markets

Pakistan plans to issue green Sukuk bonds by December: Aurangzeb

Bonds will be utilised to finance sustainable development projects, finance minister says

Updated 10 May, 2024 10:56pm

Opinion

Transforming FBR

In the light of dynamic shifts in business and advancements in technology, it is opportune for the Federal Board of...

Published 10 May, 2024 04:17am

Opinion

Neoliberal economic policy, and political economic outcomes

In a number of interviews after becoming finance minister, there is a sense of naivety reflected in the thoughts of...

Updated 10 May, 2024 09:00am

Pakistan

Economy suffered due to poor planning, negligence: PM

ISLAMABAD: Prime Minister Shehbaz Sharif has said the economy of the country has suffered due to poor planning and...

Published 08 May, 2024 06:43am

Govt mulling taking big step to reduce pension burden

Finance Minister Muhammad Aurangzeb says issue of pension a huge burden

Updated 08 May, 2024 09:21am

Pakistan

Aurangzeb says pension reforms on the cards as govt intends to curtail expenditure

Finance minister says slowing pace of inflation means a cut in key policy rate may start soon

Updated 07 May, 2024 10:09pm

Business & Finance

‘Interest rate should be reduced to 2pc’

FAISALABAD: Former chairman All Pakistan Cotton Power Looms Association and former president FCCI Chaudhry Muhammad...

Published 07 May, 2024 06:58am

Opinion

Uncertain budgetary outcome in 2023-24

The outcome numbers on the fiscal operations for the first three quarters of 2023-24 have been released recently by...

Published 07 May, 2024 06:05am

Business & Finance

Services by provinces: Jul-Mar GST collection soars 23pc to Rs353.223bn YoY

ISLAMABAD: There has been an increase of 23 percent in the collection of sales tax on services (GST) by the ...

Published 07 May, 2024 06:05am

Editorials

State of the economy

EDITORIAL: The April Monthly Economic Update and Outlook uploaded on the Finance Division website begins on a...

Published 07 May, 2024 06:05am

Editorials

Showing off the dirty laundry

EDITORIAL: Perhaps the prime minister could have, rather should have, prepared a better pitch for Pakistan’s...

Published 07 May, 2024 06:05am

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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