Trends - Balance of Payments - Business Recorder

Balance of Payments

‘Cash and Code’ driving recovery

As expected, the current account is nearly balanced in the first quarter of the fiscal year. The story is...

Published 22 Oct, 2024 06:51am

Editorials

External borrowing

EDITORIAL: Reports indicate that the government has managed to secure 1.2 billion dollars under the Saudi Oil...

Published 10 Oct, 2024 03:15am

Opinion

The impact of reduced cotton production on rural economies and country’s balance of payments

The basic rule of economics is clear: global demand drives global production, and countries with a comparative...

Updated 08 Oct, 2024 08:40am

Opinion

Constitutionalism the only remedy

“Even the most ardent purposivists must first and foremost primarily respect the actual text of a statute and should...

Published 16 Aug, 2024 06:56am

Opinion

‘A fragile balance of payments’

This is apropos a Business Recorder op-ed “A fragile balance of payments” by noted economist Dr Hafiz A. Pasha...

Published 31 Jul, 2024 06:50am

Opinion

A fragile balance of payments

The statistics on the external balance of payments of Pakistan in 2023-24 were released last week by the SBP (State...

Published 30 Jul, 2024 03:10am

Markets

Pakistan’s remittances to recover and grow in 2024, 2025: World Bank

Remittance flows in Pakistan to hit $30 billion in 2025, says global body in report

Updated 27 Jun, 2024 08:13pm

Opinion

State of the economy

The fiscal year 2023-24 is likely to close with a mixed performance by the economy. On the positive side, there has...

Published 25 Jun, 2024 06:42am

Opinion

Navigating IMF’s flawed mindset: lessons from 2008 financial crisis

The International Monetary Fund (IMF) has long been regarded as a key player in the global financial landscape,...

Published 12 Mar, 2024 04:28am

Opinion

Outlook for BoP

The balance of payments (BoP) statistics released by the State Bank of Pakistan for the period July 2023 to January...

Published 27 Feb, 2024 03:06am

Editorials

Economic turmoil could worsen

EDITORIAL: Moody’s Investor Services’ warning that a timely announcement of the election results is crucial for...

Published 13 Feb, 2024 05:59am

Jul-Nov FDI jumps 8.1pc to $656.1m YoY

Net foreign direct investment during same period of previous fiscal year amounted to $606.9 million

Updated 04 Jan, 2024 09:40am

Ministry announces improvement in BoP

ISLAMABAD: The Ministry of Commerce announced achievements in trade sector with a year-on-year balance of payments...

Updated 27 Dec, 2023 09:27am

Opinion

Unusual balance of payments

The data on the balance of payments in the first four months of 2023-24 has been released recently by the SBP (State...

Updated 28 Nov, 2023 05:22am

Opinion

Export or perish

The fundamental problem of our economy is that balance of payments crises and a perpetual risk of default have ...

Updated 20 Nov, 2023 07:16am

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

Opinion

Value of PKR

There have been unusual developments in the value of the rupee (PKR) during the last seven weeks. From a trend in ...

Updated 24 Oct, 2023 05:50am

Opinion

Managing the BoP

The balance of payments (BoP) figures for the full-year, 2022-23, have just been released by the SBP. They reflect...

Updated 25 Jul, 2023 06:52am

Dar says 9th IMF review ‘will be done’

The programme expires on June 30

Updated 28 Jun, 2023 08:58am

APTMA seeks resumption of RCET scheme

ISLAMABAD: All Pakistan Textile Mills Association (APTMA) has sought resumption of gas and electricity at...

Updated 22 Jun, 2023 08:53am

Opinion

Beyond the needle and thread: Women’s empowerment through textile exports

Women hold up half the sky, but whether they are compensated for this effort in Pakistan remains questionable. As of...

Updated 07 Jun, 2023 06:42am

ECC approves Rs1.146bn through TSG for trade missions

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved Rs.1.146 billion through technical...

Updated 22 May, 2023 09:07am

Pakistan needs significantly more financing for successful bailout review: IMF

WASHINGTON: Pakistan needs significant additional financing for a successful completion of the long-stalled ninth...

Updated 12 May, 2023 12:29pm

Budget plans: new IMF hurdle leaves govt in limbo

KARACHI: The International Monetary Fund (IMF) is preparing to discuss Pakistan’s budget plans for the coming...

Updated 05 May, 2023 08:54am

Opinion

Contrasting trends

The economy is showing contrasting trends in different segments of activity. This is due to various factors like the...

Published 25 Apr, 2023 06:25am

Business & Finance

SBP chief speaks to global investors, fund managers

KARACHI: Governor SBP Jameel Ahmad met key international investors and fund managers in an event organized by...

Published 15 Apr, 2023 06:19am

Friendly delay ‘last hurdle’ to IMF bailout

Finance Minister Ishaq Dar says several countries had made commitments to support Pakistan during previous International Monetary Fund reviews

Updated 17 Mar, 2023 09:18am

Opinion

Monetary-fiscal history of Latin America: lessons for Pakistan

Pakistan today suffers from significant macroeconomic instability, high inflation, a currency crisis and a risk of a...

Published 06 Mar, 2023 06:43am

Opinion

State of the economy

The first six months of 2022-23 have witnessed considerable uncertainty about country’s economic prospects. ...

Published 31 Jan, 2023 06:01am

Oil purchases from Russia: Payments will be in currencies of ‘friendly’ states

Russia’s energy minister says both sides have drafted an agreement to sort out issues like transportation, insurance, payments and loadings

Updated 21 Jan, 2023 08:58am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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