Trends - CAD - Business Recorder

CAD

Pakistan’s current account posts deficit of $681mn in FY24

This is the lowest deficit in last 13 years
During June, current account balance stands at deficit of $329mn

Updated 19 Jul, 2024 10:44pm

Pakistan

In absence of major, sustained reforms, Pakistan to continue facing liquidity issues: World Bank

Poverty reduction projected to stall in medium term due to weak growth, low real labour incomes, and persistently high inflation, says lender in 'Pakistan Development Update'

Updated 02 Apr, 2024 11:38pm

Jan CAD stands at $269m

KARACHI: Pakistan has recorded current account deficit (CAD) of $269 million in January 2024 as compared to current...

Updated 20 Feb, 2024 09:14am

Business & Finance

BoI urged to set up portal with businessmen’s consultation

KARACHI: Saquib Fayyaz Magoon, Acting President FPCCI, has said that the absence of a centralized, updated and...

Published 31 Jan, 2024 05:22am

Business & Finance

Policy rate likely to remain unchanged

KARACHI: The State Bank of Pakistan (SBP) is most likely to maintain the policy rate at 22 percent in the next...

Updated 06 Jan, 2024 09:47pm

Editorials

Investment visas

EDITORIAL: SIFC (Special Investment Facilitation Council) is in the news again, like it’s often been over the last...

Published 18 Dec, 2023 06:42am

Pakistan

‘High external funding risks’: Fitch maintains Pakistan’s rating at CCC

Notes there are risks pertaining to policy implementation as parties across the political spectrum have extensive record of failing to implement or reversing reforms agreed with the IMF

Updated 13 Dec, 2023 05:56pm

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

Financial account not positive enough to cancel out rise in CAD: economist

ISLAMABAD: Pakistan’s financial account has not been positive enough to cancel out the increase in current account...

Updated 18 Sep, 2023 09:24am

Pakistan

Pakistan in ‘safe zone’: Ishaq Dar

Finance Minister Ishaq Dar said on Tuesday that Pakistan is now in the ‘safe zone’ after efforts of the incumbent...

Updated 18 Jul, 2023 06:11pm

BR Research

SBP: hiding behind phantoms

Policy discourse must always make room for objective assessment of goals set, and results achieved.The primary...

Updated 12 Jul, 2023 12:20pm

Markets

Lying in wait for IMF, Pakistani rupee witnesses record depreciation in FY23

Hammered by the deteriorating macroeconomic situation in the country, the Pakistani rupee witnessed a record level...

Published 27 Jun, 2023 07:01pm

Opinion

Power plant retirement policy

There are plans to retire 19 power plants of an aggregate capacity of 7339 MW as per IGCEP (Integrated Generation...

Published 26 Jun, 2023 06:38am

Opinion

FY23: a very bad year for economy

The Economic Survey of Pakistan (2022-23), released by the Ministry of Finance (MoF), as per tradition a day before...

Published 23 Jun, 2023 06:00am

Jul-May period: C/A deficit narrows by 81pc on lower import bill

KARACHI: The country’s current account deficit fell sharply, ie, 81 percent during the first 11 months of the...

Updated 20 Jun, 2023 09:00am

Markets

KSE-100 closes with over 500-point gain as investors cheer current account surplus

Corporate results also help market sentiment that has been dented over delay in revival of IMF programme

Updated 20 Apr, 2023 02:59pm

Business & Finance

Realisation of export proceeds: Towel manufacturers criticise SBP circular

KARACHI: Syed Usman Ali, Senior Vice Chairman of Towel Manufacturers Association of Pakistan has expressed deep...

Published 13 Apr, 2023 06:37am

Markets

Overseas workers' remittances up 27.4% MoM, clock in at $2.5bn in March

Inflow highest since August 2022, attributed to Ramadan factor
Cumulative figure for July to March 2022-23 stands at $20.527bn, 10.8% lower year-on-year

Updated 10 Apr, 2023 04:13pm

Markets

SBP raises key policy rate by 100 basis points, takes it to 21%

MPC statement says there are early indications of inflation expectations plateauing, albeit at an elevated level

Updated 04 Apr, 2023 07:32pm

Markets

Rupee continues to fall, settles at 282.3 against US dollar

Currency loses 1.13% against US dollar in inter-bank market

Updated 09 Mar, 2023 06:50pm

Business & Finance

Jul-Jan: C/A falls hugely on import curbs

KARACHI: The country’s current account deficit (CAD) sharply fell by 67 percent during the first seven months of...

Published 21 Feb, 2023 05:57am

Markets

KSE-100 falls over 1% owing to economic uncertainty

Stalemate over IMF programme, rumours of interest rate hike by SBP keep investors on sidelines

Published 20 Feb, 2023 06:59pm

Pakistan

Pakistan’s current account deficit shrinks 90% YoY to $0.24bn in January: SBP

Deficit during 7MFY23 reduces over 67%, clocks in at nearly $3.8bn

Updated 20 Feb, 2023 07:10pm

Markets

Debt reprofiling viable option for Pakistan under IMF watch: report

Arif Habib Limited says Pakistan has a long way to go to address macroeconomic vulnerabilities

Updated 07 Feb, 2023 04:08pm

Policy rate hiked to 17pc to rein in soaring inflation

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) Monday increased the key policy ...

Updated 24 Jan, 2023 09:05am

Markets

SBP raises key interest rate by 100bps, takes it to 17% — a 25-year high

Governor SBP Jameel Ahmad announces decision at press briefing following the meeting

Updated 23 Jan, 2023 10:04pm

Markets

Current account deficit recorded at $0.4 billion in Dec 2022: SBP

Deficit for 6MFY23 stands at $3.67 billion, compared with $9.09 billion in the same period of the previous year

Published 18 Jan, 2023 09:23pm

World

Citi cuts India current account deficit forecast to below 3% of GDP

MUMBAI: Citigroup lowered its projection for India’s current account deficit (CAD) to 2.9% of gross domestic product...

Published 04 Jan, 2023 05:39pm

Pakistan

Floods, political instability have taken heavy toll on economy: experts

KARACHI: The economic outlook of the country has deteriorated significantly owing to the floods and political...

Published 03 Jan, 2023 03:25am

Markets

Arif Habib Limited expects KSE-100's recovery in 2023

Despite a poor show in 2022, one of Pakistan’s prominent brokerage houses expects the benchmark KSE-100 Index to...

Updated 02 Jan, 2023 03:42pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	1.05
USD to Swiss Franc / Dec 17	0.90
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	154.09

Stock	Volume
S&P 500 / Dec 16	6,074.08
Nasdaq / Dec 16	20,173.89
Dow Jones / Dec 16	43,717.48
India Sensex / Dec 17	80,962.81
Tokyo Nikkei / Dec 17	39,364.68
Hang Seng / Dec 17	19,777.10
FTSE 100 / Dec 17	8,214.43
Germany DAX 30 / Dec 17	20,290.76

Item	Value
Gold 10 Grams PKR / Dec 16	243,059.70
Petrol/Litre / Dec 17	252.10
Crude Oil USD/Barrel / Dec 17	70.82
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold Spot USD/Ounce / Dec 17	2,654.67
Diesel/Litre / Dec 17	255.38

Gainers
Losers
Leaders

Stock	Price
Dadabhoy Cement / Dec 17 Dadabhoy Cement Industries Limited(DBCI)	7.11 ▲ 1.00 (16.37%)
First Capital Equities / Dec 17 First Capital Equities Limited(FCEL)	6.74 ▲ 0.82 (13.85%)
Oilboy Energy / Dec 17 Oilboy Energy Limited(OBOY)	10.45 ▲ 1.00 (10.58%)
LSE Financial Serv. / Dec 17 LSE Financial Services Limited(LSEFSL)	18.32 ▲ 1.67 (10.03%)
Air Link Com. / Dec 17 Air Link Communication Limited(AIRLINK)	208.93 ▲ 18.99 (10.00%)
Data Agro / Dec 17 Data Agro Limited(DAAG)	126.58 ▲ 11.51 (10.00%)
Fazal Cloth / Dec 17 Fazal Cloth Mills Limited(FZCM)	179.55 ▲ 16.32 (10.00%)
Land Mark Spinning / Dec 17 Landmark Spinning Industries Limited(LMSM)	63.91 ▲ 5.81 (10.00%)
Pak Datacom / Dec 17 Pak Datacom Limited(PAKD)	94.49 ▲ 8.59 (10.00%)

Stock	Price
Tri-Star Power / Dec 17 Tri-Star Power Limited(TSPL)	5.51 ▼ -0.74 (-11.84%)
Gulshan Sp. / Dec 17 Gulshan Spinning Mills Limited(GSPM)	4.19 ▼ -0.51 (-10.85%)
Sanghar Sugar / Dec 17 Sanghar Sugar Mills Limited(SANSM)	32.02 ▼ -3.56 (-10.01%)
Aisha Steel (CPS) / Dec 17 Aisha Steel Mills Limited (CPS)(ASLCPS)	20.17 ▼ -2.24 (-10.00%)
Chakwal Spinning / Dec 17 Chakwal Spinning Mills Limited(CWSM)	53.72 ▼ -5.97 (-10.00%)
Leiner Pak Gelat / Dec 17 Leiner Pak Gelatine Limited(LPGL)	126.67 ▼ -14.07 (-10.00%)
Mari Petroleum / Dec 17 Mari Petroleum Company Limited(MARI)	809.76 ▼ -89.97 (-10.00%)
Quetta Textile / Dec 17 Quetta Textile Mills Limited(QUET)	17.73 ▼ -1.97 (-10.00%)
Fateh Ind. / Dec 17 Fateh Industries Limited(FIL)	120.57 ▼ -13.37 (-9.98%)

Stock	Volume
WorldCall Telecom / Dec 17 Worldcall Telecom Limited(WTL)	403,228,918 ▼ -0.06
Pak Elektron / Dec 17 Pak Elektron Limited(PAEL)	107,379,306 ▲ 3.33
Cnergyico PK / Dec 17 Cnergyico PK Limited(CNERGY)	59,584,754 ▼ -0.06
B.O.Punjab / Dec 17 The Bank of Punjab(BOP)	57,023,129 ▲ 0.59
Pak Refinery / Dec 17 Pakistan Refinery Limited(PRL)	55,947,968 ▲ 3.65
Sui South Gas / Dec 17 Sui Southern Gas Company Limited(SSGC)	42,917,218 ▲ 1.17
PIA Holding Co.Ltd / Dec 17 PIA Holding Company Limited(PIAHCLA)	36,337,248 ▲ 1.16
Fauji Foods Ltd / Dec 17 Fauji Foods Limited(FFL)	33,958,478 ▼ -0.28
Hub Power Co. / Dec 17 The Hub Power Company Limited(HUBC)	33,067,460 ▲ 11.97

Markets →

Budget 2024-25: income tax calculator for FY25

CAD

Most Popular