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Pakistan Economy

Local puzzles, foreign pieces

Here’s the latest twist in the saga of Pakistan’s economic spectacle: we’ve decided to bring in a foreign...

Published 12 Jun, 2024 06:51am

Pakistan

Cabinet clears DNP Act: Paperless governance, digitisation of economy to be achieved

ISLAMABAD: The federal cabinet has given in-principle approval to the Digital Nation Pakistan Act 2024 in order to...

Published 12 Jun, 2024 06:51am

Opinion

Neither up-to-date nor unbiased

The Economic Survey’s relevance, limited to data analysis, is neither up to date (limited to July-March or for ...

Published 12 Jun, 2024 06:51am

Growth target missed: Economic Survey

ISLAMABAD: Economy is likely to have expanded by 2.4% in the fiscal year that ends this month, missing a target of...

Updated 12 Jun, 2024 09:13am

Business & Finance

World Bank projects 2.3pc GDP growth rate

ISLAMABAD: The World Bank (WB) has projected Pakistan’s GDP growth rate at 2.3 percent for the fiscal year 2024-25...

Updated 12 Jun, 2024 08:47am

Tax exemptions, zero-rating cost kitty over Rs3.87trn

ISLAMABAD: Total tax exemptions, concessions, zero-rating and special tax treatments to various businesses,...

Updated 12 Jun, 2024 08:59am

Inflation target of 21pc will be missed

ISLAMABAD: Pakistan will miss the inflation target of 21 percent set for the current fiscal year and will remain in...

Updated 12 Jun, 2024 08:57am

Business & Finance

Economic Survey: Red Sea disruptions continue to affect supply chain

ISLAMABAD: The Government said on Tuesday that prolonged disruptions in Red Sea will continue to disrupt supply...

Published 12 Jun, 2024 06:51am

Business & Finance

UBG leaders disappointed over 1.5pc reduction in policy rate

KARACHI: Leaders of the United Business Group (UBG), including SM Tanveer, Zubair Tufail, Khalid Tawab, Hanif Gohar,...

Published 12 Jun, 2024 06:51am

Business & Finance

Economic prosperity: ICMA for supply-side policy steps

KARACHI: The Institute of Cost and Management Accountants of Pakistan (ICMA) has emphasised the importance of...

Published 12 Jun, 2024 06:51am

Business & Finance

Livestock sector registers 3.9pc growth

ISLAMABAD: The livestock sector of the economy has registered a growth of 3.9 per cent during 2023-24, revealed...

Published 12 Jun, 2024 06:51am

Technology

Pakistan’s ICT exports soar to $2.28bn, reveals Economic Survey 2023-24

Pakistan’s Information and Communication Technology (ICT) sector exports remittances have surged 17.44% to $2.283...

Published 11 Jun, 2024 11:23pm

Business & Finance

Capacity utilisation of Pakistan’s cement industry drops to lowest on record

At around 55%, this is the lowest level since at least FY2007

Updated 11 Jun, 2024 11:53pm

Pakistan

Aurangzeb says some rollovers, return of commercial bank borrowing ways to manage external debt in FY25

Finance Minister Muhammad Aurangzeb sounded a confident tone, saying that Pakistan will meet its external debt...

Updated 11 Jun, 2024 11:56pm

Pakistan

No sacred cows, no strategic SOEs, says Aurangzeb as he unveils Pakistan Economic Survey 2023-24

Pakistan missed its GDP growth target in outgoing fiscal year

Updated 11 Jun, 2024 11:48pm

Pakistan

Pakistan imposes one document regime at Chaman border

A decision was taken to stop the transshipment of contraband and illegal crossings of people

Published 11 Jun, 2024 05:29pm

Pakistan

World Bank approves $1bn financing for Dasu Hydropower Project

The World Bank’s Board of Executive Directors approved $1 billion as the second round of additional financing for...

Updated 11 Jun, 2024 07:52pm

BR Research

Remittances shining again

As expected, remittances from overseas Pakistanis saw a surge on May 24. However, the monthly inflows rose to record...

Published 11 Jun, 2024 08:13am

Pakistan

Pakistan’s budget on Wednesday will aim to set stage for IMF bailout, say analysts

ISLAMABAD: Pakistan’s coalition government is expected to lay out ambitious fiscal targets in the 2024/2025...

Updated 10 Jun, 2024 07:16pm

Markets

First cut in 4 years: SBP reduces key policy rate by 150 basis points, takes it to 20.5%

Says significant decline in inflation since February broadly in line with expectations, but May outturn was better than anticipated

Updated 10 Jun, 2024 11:01pm

Opinion

Equitable taxation: a precondition for meaningful economic reform

Negotiations with the IMF on the next programme are ongoing, with budget formation being an integral part of the...

Updated 10 Jun, 2024 08:18am

Opinion

Budget: inflation must be top priority

Inflation is pushing an ever increasing number below the poverty line (currently estimated at 40 percent comparable...

Updated 10 Jun, 2024 08:13am

Opinion

The plight of exporters

Most textile and apparel exporters operate on razor-thin margins, where pricing differentials are in US cents and...

Updated 10 Jun, 2024 07:58am

Opinion

Policy rate decision ahead of budget presentation

State Bank of Pakistan (SBP) will be making its monetary policy public today. As May inflation has already dropped...

Updated 10 Jun, 2024 08:06am

Editorials

Export growth

EDITORIAL: The unstated economic policy is to keep the current account deficit close to zero. For that, the trade...

Updated 10 Jun, 2024 08:00am

Editorials

Markets

Pakistan receives record remittances of $3.24bn in May, up over 54% YoY

Inflows from Saudi Arabia, UAE, UK dominate overall amount

Updated 07 Jun, 2024 09:36pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 12	278.72
USD PKR Interbank Buying / Jun 12	278.47
USD to Japanese Yen / Jun 12	157.24
USD to Swiss Franc / Jun 12	0.90
Pound Sterling to USD / Jun 12	1.27
Euro to USD / Jun 12	1.07

Stock	Volume
S&P 500 / Jun 11	5375.32
Nasdaq / Jun 11	17343.55
Dow Jones / Jun 11	38747.42
India Sensex / Jun 12	76895.82
Tokyo Nikkei / Jun 12	38876.71
Hang Seng / Jun 12	17987.80
FTSE 100 / Jun 12	8203.88
Germany DAX 30 / Jun 12	18489.75

Item	Value
Petrol/Litre / Jun 12	268.36
Crude Oil USD/Barrel / Jun 12	78.46
Karachi Cotton PKR/37.32 KG / Jun 12	19935
Gold 10 Grams PKR / Jun 12	207390
Gold Spot USD/Ounce / Jun 12	2315.02
Diesel/Litre / Jun 12	270.22

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 12 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 12 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 12 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 12 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 12 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 12 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 12 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 12 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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Pakistan Economy

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