Trends - Dr Hafeez Sheikh - Business Recorder

Dr Hafeez Sheikh

Mere legislation does not mean reform

EDITORIAL: Yesterday marked the country’s seventy-seventh Independence Day. While the honour to hoist the flag on...

Published 15 Aug, 2023 06:30am

Editorials

Pakistan: into the great economic abyss

EDITORIAL: Pakistan Stock Exchange remains sluggish with brokers citing the delay in the staff-level agreement on...

Published 01 Apr, 2023 06:21am

Editorials

Massive farmer relief package: a non-starter?

EDITORIAL: Prime Minister Shehbaz Sharif has announced a 600 billion-rupee relief package for the agriculture sector...

Published 02 Nov, 2022 04:37am

Editorials

The Fund and Pakistan

EDITORIAL: The International Monetary Fund (IMF) has been extremely rigid in backing off from its extremely harsh...

Published 05 Oct, 2022 05:49am

Opinion

A budget amid economic impasse

The overarching objective of the budget is not pro-poor, an acute political compulsion today with 13.8 percent...

Published 11 Jun, 2022 06:41am

Editorials

PTI govt: legacy and lessons learned

EDITORIAL: Three years and seven months in government is equivalent to 71.1 percent of tenure completion, a time...

Published 05 Apr, 2022 05:38am

Opinion

Lies, damned lies and statistics

Mark Twain wrote, “figures often beguile me particularly when I have the arranging of them myself, in which case...

Published 28 Feb, 2022 06:44am

Pakistan

Hafeez Sheikh, others named in corruption reference?

ISLAMABAD: The National Accountability Bureau (NAB) has nominated former finance minister Dr Hafeez Sheikh and ...

Published 16 Feb, 2022 06:20am

Editorials

Seeking continued support for exports

EDITORIAL: In an interview to a foreign news agency Razak Dawood, Advisor to the Prime Minister on Commerce, stated...

Updated 12 Jan, 2022 10:22am

Editorials

Economy: rupee slide symptom of infirmity

EDITORIAL: The Pakistani rupee fell from 152 rupees to the dollar in May 2021, the rate used for budget projections,...

Published 11 Jan, 2022 06:33am

Editorials

2021 — year in review

EDITORIAL: 2021 will be remembered as the divisive year — in terms of the yawning political divide that ...

Updated 30 Dec, 2021 09:00am

Opinion

Growth versus stabilization

Dr Hafeez Sheikh, twice dismissed as the country’s finance minister, made a distinction between stabilisation and...

Published 27 Dec, 2021 06:45am

Editorials

Towards sixth review

EDITORIAL: According to media reports, the sixth review talks with the International Monetary Fund (IMF) have been...

Published 27 Sep, 2021 05:51am

Editorials

Diversifying external debt sources

EDITORIAL: Earlier this week, the government raised $1 billion from the international bond market in Euro bonds in...

Published 09 Jul, 2021 04:25am

Editorials

Growth and stability

EDITORIAL: Finance Minister Shaukat Tarin while speaking at a workshop titled “Pakistan’s Economy – Fragility...

Published 06 Jul, 2021 03:48am

Editorials

The 6th IMF review and Pakistan

EDITORIAL: Approval of the sixth mandatory review scheduled for 4 June 2021 was removed from the agenda of the...

Published 15 Jun, 2021 03:30am

Opinion

FY22 budget: a work in progress

The budget 2020-21 is, at best, a work in progress - more so than previous budgets reliant on an over dose of...

Published 14 Jun, 2021 03:39am

Opinion

Is economic thinking changing for the better?

Pakistan is currently on its twenty third International Monetary Fund (IMF) programme and faces the most stringent...

Published 07 Jun, 2021 03:34am

Opinion

Exploiting comparative advantages

The federal budget for the year 2021-22 is being framed by Shaukat Tarin during whose earlier tenure as the federal...

Published 02 Jun, 2021 04:29am

Editorials

Growth rate of 4 percent?

EDITORIAL: Finance Minister Shaukat Tarin during his press conference this Sunday past defended the authenticity of...

Published 26 May, 2021 03:45am

Opinion

Country needs a reality check

Incoming Pakistani administrations are invariably high on optimism in their ability to achieve development that...

Published 24 May, 2021 04:03am

Editorials

A stepwise approach

EDITORIAL: Federal Finance Minister Shaukat Tarin held meetings with provincial finance ministers, a key requirement...

Published 06 May, 2021 03:49am

Editorials

Tarin has chosen the wisest course

EDITORIAL: Finance Minister Shaukat Tarin chaired his first national price monitoring committee meeting after taking...

Published 28 Apr, 2021 03:18am

Editorials

Ominous challenges before PM’s team

EDITORIAL: Shaukat Tarin’s appointment as Minister for Finance with additional portfolio of Revenue two weeks ...

Published 20 Apr, 2021 03:59am

Opinion

Whither the economy?

The cabinet approved the medium-term strategy paper this Tuesday past and projected a Gross Domestic Product (GDP)...

Published 19 Apr, 2021 03:22am

Editorials

IMF programme just needs a little tweaking

EDITORIAL: International Monetary Fund (IMF) programme is not in a strait jacket, so stated Resident Representative...

Published 19 Apr, 2021 03:21am

Editorials

Rephasing of IMF conditions

EDITORIAL: Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), tweeted subsequent to a...

Published 14 Apr, 2021 03:21am

Opinion

IMF/World Bank reports

The International Monetary Fund’s report titled “Fiscal Monitor: a fair shot” appears to be, at best,...

Published 12 Apr, 2021 03:59am

Editorials

The IMF review

EDITORIAL: The mission leader for the ongoing Extended Fund Facility (EFF) programme revealed during a conference...

Published 12 Apr, 2021 03:59am

Opinion

Outlook for inflation

The rate of inflation has risen sharply in the last two months. It had come down to 5.7 percent in January 2021....

Published 06 Apr, 2021 04:23am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 25	280.52
USD PKR Interbank Buying / Mar 25	280.27
USD to Japanese Yen / Mar 26	150.14
USD to Swiss Franc / Mar 26	0.88
Pound Sterling to USD / Mar 26	1.29
Euro to USD / Mar 26	1.08
UK LIBOR % / Mar 25	4.96

Stock	Volume
S&P 500 / Mar 25	5,776.65
Nasdaq / Mar 25	18,271.86
Dow Jones / Mar 25	42,587.50
India Sensex / Mar 26	77,971.12
Tokyo Nikkei / Mar 26	38,027.29
Hang Seng / Mar 26	23,483.32
FTSE 100 / Mar 26	8,660.31
Germany DAX 30 / Mar 26	22,923.69
France CAC40 / Mar 26	8,042.59

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 25	17,085
Gold 10 Grams PKR / Mar 25	272,462
Crude Oil USD/Barrel / Mar 26	69.26
Gold Spot USD/Ounce / Mar 26	3,018.44
Cotton US¢/pound / Mar 26	65.37
Petrol/Litre / Mar 27	255.63
Diesel/Litre / Mar 27	258.64

Gainers
Losers
Leaders

Stock	Price
Mughal Iron & Steel (R) / Mar 26 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	3.01 ▲ 1 (49.75%)
Sec. Inv. Bank / Mar 26 Security Investment Bank Limited(SIBL)	9.99 ▲ 1 (11.12%)
Zephyr Textile / Mar 26 Zephyr Textiles Limited(ZTL)	11.40 ▲ 1.04 (10.04%)
Leiner Pak Gelat / Mar 26 Leiner Pak Gelatine Limited(LPGL)	110.80 ▲ 10.07 (10%)
Philip Morris Pak. / Mar 26 Philip Morris (Pakistan) Limited(PMPK)	737.77 ▲ 67.07 (10%)
Data Agro / Mar 26 Data Agro Limited(DAAG)	96.62 ▲ 8.78 (10%)
Baba Farid Sugar / Mar 26 Baba Farid Sugar Mills Limited(BAFS)	58.44 ▲ 5.31 (9.99%)
Crescent Fib. / Mar 26 Crescent Fibres Limited(CFL)	45.70 ▲ 4.14 (9.96%)
Popular Islamic / Mar 26 Popular Islamic Modaraba(PIM)	14.48 ▲ 1.31 (9.95%)
The Thal Ind.Corp. / Mar 26 The Thal Industries Corporation Limited(TICL)	340 ▲ 30.55 (9.87%)

Stock	Price
Elahi Cot. / Mar 26 Elahi Cotton Mills Limited(ELCM)	135.93 ▼ -15.1 (-10%)
Power Cem(Pref) / Mar 26 Power Cement (Pref)(POWERPS)	12.95 ▼ -1.38 (-9.63%)
Atlas Ins. Ltd / Mar 26 Atlas Insurance Limited(ATIL)	58.50 ▼ -5.48 (-8.57%)
Bela Auto / Mar 26 Bela Automotives Limited(BELA)	167 ▼ -14.94 (-8.21%)
Kohat Textile / Mar 26 Kohat Textile Mills Limited(KOHTM)	28.15 ▼ -2.4 (-7.86%)
Jubilee Spinning / Mar 26 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	10.88 ▼ -0.89 (-7.56%)
Frontier Ceram / Mar 26 Frontier Ceramics Limited(FRCL)	22.40 ▼ -1.82 (-7.51%)
Noon Sugar / Mar 26 Noon Sugar Mills Limited(NONS)	73.62 ▼ -5.95 (-7.48%)
PIA Holding Co.B / Mar 26 PIA Holding Company Limited B(PIAHCLB)	900.16 ▼ -71.96 (-7.4%)
UDL International / Mar 26 UDL International Limited(UDLI)	7.11 ▼ -0.53 (-6.94%)

Stock	Volume
Pak Elektron / Mar 26 Pak Elektron Limited(PAEL)	29,093,385 ▲ 1.6
P.S.O. / Mar 26 Pakistan State Oil Company Limited(PSO)	26,846,685 ▲ 1.38
TRG Pak Ltd / Mar 26 TRG Pakistan Limited(TRG)	22,825,615 ▼ -0.92
Cnergyico PK / Mar 26 Cnergyico PK Limited(CNERGY)	17,176,390 ▲ 0.07
B.O.Punjab / Mar 26 The Bank of Punjab(BOP)	16,063,012 ▼ -0.18
Pak Petroleum / Mar 26 Pakistan Petroleum Limited(PPL)	15,868,233 ▲ 7.49
Engro Fert. / Mar 26 Engro Fertilizers Limited(EFERT)	14,391,574 ▼ -1.85
WorldCall Telecom / Mar 26 Worldcall Telecom Limited(WTL)	12,412,844 ▲ 0.01
TPL REIT Fund I / Mar 26 TPL REIT Fund I(TPLRF1)	11,002,839 ▲ 0.06
Fauji Cement / Mar 26 Fauji Cement Company Limited(FCCL)	10,156,162 ▲ 1.41

Markets →

Budget 2024-25: income tax calculator for FY25

Dr Hafeez Sheikh

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