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LCs

Export of 0.5m tons of sugar: Banks authorised to process cases

KARACHI: In accordance with federal government directives, the State Bank of Pakistan (SBP) has authorized banks to...

Updated 17 Oct, 2024 09:02am

Opinion

Need for strengthening API sector

The pharmaceutical industry in Pakistan, predominantly led by national companies, is experiencing rapid growth and...

Updated 11 Oct, 2024 08:28am

Pakistan

Alleged currency manipulation: Senate panel to recommend action against errant banks

ISLAMABAD: The Senate Standing Committee on Economic Affairs has decided to recommend further action against...

Published 24 Sep, 2024 03:28am

Cheap Russian oil: Musadik claims private sector made hefty profits

ISLAMABAD: Minister for Petroleum, Dr. Musadik Masood Malik has reportedly accused private sector of earning huge...

Updated 02 Aug, 2024 09:54am

Business & Finance

Jan-Apr: 10.85m cell phones made locally

ISLAMABAD: The local manufacturing/ assembling plants manufactured/ assembled 10.85 million mobile handsets during...

Published 30 May, 2024 06:19am

Opinion

A recalcitrant rupee!

The budget for the current fiscal year, reviewed and amended by the International Monetary Fund (IMF) as a prior...

Published 11 Mar, 2024 04:45am

2.27m cellphones made/assembled locally in Jan

ISLAMABAD: The local manufacturing/assembling plants manufactured/assembled 2.27 million mobile handsets during the...

Updated 25 Feb, 2024 09:03am

Business & Finance

Local manufacturing of mobile phones declined by 4pc in 2023

ISLAMABAD: Local manufacturing/assembling of mobile handsets declined by around four percent during the calendar ...

Published 13 Feb, 2024 05:59am

ADs allowed to make import advance payments without prior SBP approval

KARACHI: The State Bank of Pakistan (SBP) has allowed Authorised Dealers (ADs) to make import advance payments,...

Updated 01 Feb, 2024 09:42am

Perspectives

Auto sector in 2023: advent of EVs and hybrids in Pakistan

The year 2023 signaled a downward spiral for the auto sector. For about half the year, there were restrictions from...

Published 02 Jan, 2024 05:09pm

Business & Finance

Jul-Nov mobile phones imports up 112.2pc to $616.54m YoY

ISLAMABAD: The country imported mobile phones worth $616.541 million during the first five months (July-November) of...

Updated 22 Dec, 2023 09:03am

‘Illegal’ LCs, forex market speculation: MoF set to share list of banks with SIFC today

ISLAMABAD: The Finance Ministry is all set to share the list of banks involved in illegal business relating to LCs...

Updated 07 Dec, 2023 09:49am

Business & Finance

Jan-Oct: 15.66m mobile phones made locally

ISLAMABAD: Local manufacturing plants have manufactured/ assembled 15.66 million mobile handsets during the first 10...

Published 06 Dec, 2023 04:27am

Business & Finance

Import from China: Customs’ values on fleece fabrics fixed

ISLAMABAD: Directorate General of Customs Valuation Karachi has fixed new Customs values on the import of six...

Published 25 Nov, 2023 05:19am

Economic growth has to be backed by structural reforms: Shamshad

ISLAMABAD: Caretaker Federal Minister for Finance Dr Shamshad Akhtar has said political and economic instability...

Updated 24 Nov, 2023 09:44am

Business & Finance

Jul-Oct mobile phone imports soar 107.91pc to $469.99m YoY

ISLAMABAD: The country imported mobile phones worth $469.992 million during the first four months (July-October) of...

Published 19 Nov, 2023 03:14am

Locally-produced cars: IMC CE lists factors behind high prices

ISLAMABAD: Indus Motor Company (IMC) Chief Executive Ali Asghar Jamali has said issues such as high taxation,...

Updated 09 Nov, 2023 03:59pm

Opinion

Crisis is the moment for home-grown solutions

Containment of fiscal deficit should be and is the first priority. In this respect extensive data released on Q1...

Updated 06 Nov, 2023 06:11am

MoF to share green bonds, debt swaps plan with SIFC today

ISLAMABAD: Finance Ministry is all set to share its plan on floating of international and domestic green bonds and...

Updated 24 Oct, 2023 09:37am

Business & Finance

Jan-Sep 2023: 13.02m mobile handsets manufactured locally

ISLAMABAD: Local manufacturing plants have manufactured/assembled 13.02 million mobile handsets during the first ...

Published 24 Oct, 2023 05:05am

Business & Finance

Senate commerce committee members say will help resolve issues facing KCCI

KARACHI: The Senate’s Standing Committee on Commerce, headed by its Senator Chairman Zeeshan Khanzada, paid a ...

Published 15 Sep, 2023 06:31am

Business & Finance

Sitara Peroxide extends shutdown for 30 days

Sitara Peroxide Limited (SPL), Pakistan’s chemical manufacturer, announced on Friday that it is extending its plant...

Updated 08 Sep, 2023 06:54pm

Business & Finance

IMC hasn’t announced layoffs despite 55pc cut in production: CEO

KARACHI: Chief Executive Officer, Indus Motor Company (IMC), Ali Asghar Jamali has said that despite registering a...

Published 31 Aug, 2023 06:00am

Opinion

Trade conundrum: who is at fault?

The July 2023 trade data indicates an improvement in the trade deficit – from negative 1.863 billion dollars to...

Published 28 Aug, 2023 06:27am

Falls under domain of Ministry of Commerce: SBP says it can’t impose ban on import of any item

ISLAMABAD: State Bank of Pakistan (SBP) has stated that it cannot impose a ban on import of any item as it falls...

Updated 28 Aug, 2023 08:44am

Pakistan

For Pakistan’s consumers and industries, economic woes are far from over

Pakistan’s last-minute deal with the International Monetary Fund (IMF) has given Islamabad some breathing room as...

Published 18 Aug, 2023 05:56pm

Markets

Rupee weakens marginally, settles at 287.60 against US dollar

Currency depreciates 0.05% in inter-bank market

Updated 10 Aug, 2023 08:58pm

Pakistan

Discrimination in issuance of LCs: Stakeholders demand a level playing field

ISLAMABAD: The Senate Standing Committee on Finance, Wednesday, held that targeted Letters of Credit (LCs) issuance...

Published 10 Aug, 2023 06:35am

Opinion

LSM sector travails

Large-scale manufacturing (LSM) sector, as per data released by the Finance Division, registered negative 8.1 ...

Published 07 Aug, 2023 06:34am

PM calls for devising extensive export policy

KARACHI: Prime Minister Shehbaz Sharif has called for formulating a comprehensive export policy in consultation with...

Updated 27 Jul, 2023 09:22am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 31	277.92
USD PKR Interbank Buying / Oct 31	277.72
USD to Japanese Yen / Oct 31	152.20
USD to Swiss Franc / Oct 31	0.86
Pound Sterling to USD / Oct 31	1.30
Euro to USD / Oct 31	1.09

Stock	Volume
S&P 500 / Oct 30	5,813.67
Nasdaq / Oct 30	18,607.93
Dow Jones / Oct 30	42,141.54
India Sensex / Oct 31	79,453.59
Tokyo Nikkei / Oct 31	39,081.25
Hang Seng / Oct 31	20,382.25
FTSE 100 / Oct 31	8,105.12
Germany DAX 30 / Oct 31	19,158.33

Item	Value
Karachi Cotton PKR/37.32 KG / Oct 30	18,085
Gold 10 Grams PKR / Oct 30	246,403.40
Crude Oil USD/Barrel / Oct 31	69
Gold Spot USD/Ounce / Oct 31	2,781.74
Cotton US¢/pound / Oct 31	69.77
Petrol/Litre / Nov 1	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 1 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 1 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 1 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 1 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 1 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 1 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 1 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 1 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 1 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 1 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 1 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 1 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 1 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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