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Pakistan Economy

Multiplicity of taxes heavily burdening industrial sector

Claim by the manufacturing sector is that while their share in Gross Domestic Product (GDP) is 20 percent yet their contribution in taxes is over 60 percent

Updated 15 Apr, 2024 09:41pm

Markets

Pakistan repays $1bn international bond: central bank

SBP says principal plus interest made to agent bank for onward distribution to bondholders

Updated 13 Apr, 2024 06:03pm

FY24 real GDP projected to grow by 1.9pc

ISLAMABAD: Pakistan’s real GDP is projected to grow by 1.9 percent in fiscal year 2024, driven by a rebound in...

Updated 13 Apr, 2024 01:38pm

Pakistan

Pakistan’s ‘Nazuk Mor’ is a Harvard Business School case study

You know your country has serious issues when it becomes a case study for potential future leaders and managers. In...

Updated 09 Apr, 2024 11:19pm

Opinion

Contours of a new IMF programme-II

This is the second article on the contours of a new IMF Programme. The first article was published last week. It...

Published 09 Apr, 2024 05:06am

SIFC helps FBR collect Rs6.71trn in Jul-Mar FY24

The government is likely to achieve its Rs 9.415 trillion revenue collection target for 2023-24

Updated 09 Apr, 2024 09:50am

Pakistan, KSA vow to fast-track $5bn Saudi package

ISLAMABAD: Pakistan and Saudi Arabia have affirmed their commitment to expediting the first wave of an investment...

Updated 09 Apr, 2024 08:34am

Markets

Pakistan’s remittances jump to $3bn in March, up 31.3% MoM

On year-on-year basis, inflow increases 16.4%

Updated 08 Apr, 2024 10:09pm

Opinion

Exiting the economic quagmire: a call to action

Pakistan finds itself ensnared in a period of stagnant growth. If the World Bank’s projection of GDP growth for ...

Published 08 Apr, 2024 04:46am

Pakistan

PM Shehbaz to meet Saudi crown prince on Riyadh visit

ISLAMABAD: Prime Minister Shehbaz Sharif will meet the Saudi crown prince during a two-day visit to Riyadh that...

Updated 05 Apr, 2024 10:14pm

Pakistan

UN expects Pakistan’s GDP growth to clock in at 2% in 2024, improve further in 2025

Pakistan’s real GDP growth rate is expected to clock in at 2% in 2024 and inch up marginally to 2.3% in 2025, a...

Updated 05 Apr, 2024 10:10pm

SOEs: PM for speeding up sell-off process

ISLAMABAD: Prime Minister Shehbaz Sharif has directed to speed up the process of reforms and privatisation of...

Updated 05 Apr, 2024 09:57am

Business & Finance

‘Stable national economy’: Political entities asked to refrain from politicising

ISLAMABAD: Federal Minister for Information and Broadcasting Attaullah Tarar on Thursday urged opposition parties ...

Published 05 Apr, 2024 04:50am

Pakistan

Pakistan’s central govt debt decreases marginally in February: SBP

Major decrease witnessed in central government external debt and short-term domestic debt

Updated 04 Apr, 2024 06:31pm

Pakistan

PM Shehbaz invites French companies to invest in Pakistan

The French Ambassador briefs the premier on the latest developments on the bilateral front

Published 03 Apr, 2024 05:07pm

Business & Finance

Urgent action stressed to stabilise economy

ISLAMABAD: The Pakistan Institute of Development Economics (PIDE) has stressed the need for urgent action to...

Published 03 Apr, 2024 05:29am

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

Markets

Pakistan’s textile exports up 3% YoY in March, clock in at $1.3bn

In 9MFY24, overall textile exports down marginal 0.3%, stand at $12.44bn

Updated 02 Apr, 2024 11:49pm

Opinion

Contours of new IMF programme

Prime Minister Shehbaz Sharif has reiterated recently the need for moving ahead with a new IMF (International...

Published 02 Apr, 2024 04:38am

Editorials

March economic outlook

EDITORIAL: In the most damning indictment of the caretaker government’s performance on the economic front, the Gross...

Published 02 Apr, 2024 04:37am

Pakistan

Pakistan’s trade deficit shrinks 25% to $17.03bn in 9MFY24

However, trade deficit in March alone higher on yearly and monthly basis

Updated 01 Apr, 2024 10:10pm

Markets

Pakistan’s headline inflation reading slows further to 20.7% in March

CPI-inflation reading drops to lowest level since May 2022, is now below key policy rate after over three years

Updated 01 Apr, 2024 09:44pm

Perspectives

Islamabad's Sunday Bazaar reveals city's diverse socioeconomic landscape

Future success hinges on its adaptability, necessitating government support through investments in infrastructure improvements, waste management, and vendor training

Updated 01 Apr, 2024 01:51pm

PM sets targets for MoF, other ministries

PM Shehbaz Sharif decides to evaluate the performance of each ministry

Updated 01 Apr, 2024 09:52am

BR Research

Interview with J.K. Khalil, Cluster General Manager, MENA East, Mastercard

‘Women-led businesses in Pakistan get a boost with Strive Women’ Mastercard has announced a new initiative that aims...

Published 01 Apr, 2024 04:55am

Opinion

Criticality of regional economic cooperation-I

The size of Pakistan’s GDP was around USD 180 billion in 2010, which was around USD 400 billion in 2023. This is...

Published 30 Mar, 2024 06:22am

Editorials

Oil smuggling

EDITORIAL: It’s shocking that at least 4,000 MT of smuggled oil still finds its way into Pakistan every day,...

Published 30 Mar, 2024 04:58am

Spectrum of illegal activities: PM, COAS, CMs take stock of situation

PM Shehbaz Sharif says electricity theft is around Rs400-500 billion per annum

Updated 30 Mar, 2024 08:26pm

Business & Finance

Q2 GDP stands at 1pc despite improvement in agri sector

ISLAMABAD: The GDP growth stood at one percent in the second quarter of the ongoing fiscal year against the revised...

Updated 30 Mar, 2024 08:47am

Pakistan

Aurangzeb eyes fresh staff-level agreement with IMF by end of this fiscal year

Finance minister says imposition of super tax, windfall tax not sustainable

Updated 29 Mar, 2024 10:37pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 10	278.14
USD PKR Interbank Buying / May 10	277.97
USD to Japanese Yen / May 10	155.78
USD to Swiss Franc / May 10	0.91
Pound Sterling to USD / May 10	1.25
Euro to USD / May 10	1.08

Stock	Volume
S&P 500 / May 10	5222.68
India Sensex / May 10	72664.47
Tokyo Nikkei / May 10	38229.11
Nasdaq / May 10	16340.87
Hang Seng / May 10	18963.68
FTSE 100 / May 10	8433.76
Dow Jones / May 10	39512.84
Germany DAX 30 / May 10	18772.85

Item	Value
Crude Oil USD/Barrel / May 10	78.26
Gold Spot USD/Ounce / May 10	2360.50
Cotton US¢/pound / May 10	77.31
Karachi Cotton PKR/37.32 KG / May 11	19935
Gold 10 Grams PKR / May 11	208762
Petrol/Litre / May 13	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 13 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 13 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 13 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 13 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 13 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 13 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 13 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 13 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 13 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 13 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 13 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 13 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 13 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 13 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 13 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 13 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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