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Pakistan Economy

Govt intends to reindustrialize Pakistan: Hammad Azhar

Hammad said that the government would further introduce measures to facilitate business in the coming budgets.

Published 09 Dec, 2020 01:29pm

Business & Finance

Japan to compile nearly $200 billion third extra budget: government source

Prime Minister Yoshihide Suga on Tuesday announced his plan to compile a 73.6 trillion yen stimulus package to speed up the country’s recovery from its deep coronavirus slump.

Published 08 Dec, 2020 10:00am

Pakistan

Govt taking effective measures for economy: Dr Firdous

She discussed the expected visit of the prime minister and Chief Minister Usman Bazdar to Sialkot on Dec 9.

Published 06 Dec, 2020 05:57pm

Business & Finance

Pakistan economy poised to bounce back, KSE-100 to hit 52,000 points by 2021

The report was of the view that it expects the economic activity in Pakistan to continue the robust pace it has shown over the last couple of months.
The report was of the view that “we think that an exit from the FATF grey list in February has become quite likely. This would be a significant stimulant for confidence in the equity bourse.”

Updated 05 Dec, 2020 04:47pm

Business & Finance

'Second wave' hampers Pakistan’s Refining, Fuel Demand Growth Outlooks: Report

The report said that a sharp resurgence in new daily Covid-19 infections in Pakistan has put the brakes on the government’s economic reopening plans after earlier lockdowns.

Published 02 Dec, 2020 02:46pm

Markets

Pakistan economy is underway of recovery: MoF Report

According to the report, the budget deficit reached Rs 484 billion.

Published 28 Nov, 2020 04:29pm

Business & Finance

Following COVID-19 SOPs is good for business, finds Study

“When people feel safer to spend, or more importantly, when the pandemic is kept at bay, the economy is more likely to have a quick recovery. Not to mention the lives that will be saved.”

Published 28 Nov, 2020 01:23pm

Business & Finance

Pakistan economy gathering steam, but vulnerability persists, says SAPM

He said that it remains to be decided whether the IMF review mission would visit Pakistan or conduct a virtual review.

Published 25 Nov, 2020 01:12pm

Business & Finance

Pakistan sees 'light at the end of the tunnel’ as domestic activity indicators pickup: Baqir

The Governor said that the committee kept unchanged its projection for growth this fiscal year at about 2 percent.

Published 25 Nov, 2020 11:26am

Business & Finance

Pakistan’s C/A maintains surplus for fourth consecutive month

As per the central bank, this comes on the back of a sustained increase in remittances and a smaller trade deficit.

Updated 19 Nov, 2020 11:38am

Business & Finance

Finance Adviser Shaikh urges on improving governance

Shaikh said that despite the Coronavirus pandemic, the Pakistani economy performed positively, the government distributed financial assistance to the beneficiaries under the Ehsas program and provided a special package for the business community to mitigate the COVID-19 impact.

Published 18 Nov, 2020 02:22pm

Markets

The State of Pakistan's Economy: Prudent policies kept economy on stabilization path

According to the report, following difficult but necessary stabilization efforts during the first nine months of the fiscal year, Pakistan’s economy was well on course for a steady recovery on the eve of the Covid-19 pandemic.

Updated 18 Nov, 2020 01:31pm

Business & Finance

Pakistan moving in ‘right direction’ says PM as Textile sector revives

MashaAllah the country is moving in the right direction despite the Covid 19 challenge,” tweeted PM Khan while referring to a media report on the revival of the textile sector in the country.

Published 12 Nov, 2020 01:43pm

Business & Finance

Indonesia sees first recession in over two decades as coronavirus hits

Indonesia’s first recession since the Asian financial crisis in 1998 - normally defined as two consecutive quarters of economic contraction - comes as the country has struggled to contain the coronavirus outbreak.

Published 05 Nov, 2020 10:16am

Business & Finance

Pakistan’s economy ‘on path to recovery’ as world battles COVID

He added that “Big electricity price cut for industry will further accelerate industrial growth particularly for SME's.”

Published 04 Nov, 2020 03:39pm

Business & Finance

Govt power relief package to make Pakistan industry globally competitive: Azhar

He said the package will make Pakistan's industry competitive in the world market.

Published 03 Nov, 2020 04:49pm

Markets

Economic sentiment in Pakistan turning positive, says Azhar

The minister further said that tax revenues are also rising, whereas the Current Account is in surplus.

Published 26 Oct, 2020 04:14pm

Business & Finance

China says indicators give good reason to believe in sustained recovery

There’s also good reason to be confident about China’s full-year economic growth, Liu Aihua, spokeswoman at the National Bureau of Statistics, told a press briefing after the release of third-quarter gross domestic product.

Published 19 Oct, 2020 10:23am

Business & Finance

Despite COVID, Govt projects 2pc economic growth this fiscal

Hammad said the economic indicators are positive with remittances witnessing 20 percent increase as compared to previous years.

Published 16 Oct, 2020 12:54pm

Business & Finance

Govt making concerted efforts to revive economy: Sheikh

He said that despite limited resources and the COVID-19 pandemic, the government has tried to provide maximum relief to the common man.

Published 15 Oct, 2020 02:06pm

Pakistan economic growth to remain below potential, at 0.5pc for FY21: WB

WB said that the country’s economic growth is projected to remain below potential, at 0.5pc for FY21 compared to over 4pc annual average in the previous three years to FY2019.

Updated 08 Oct, 2020 04:19pm

Business & Finance

South Asia set to plunge into worst-ever recession as COVID-19 takes toll, warns WB

WB forecasts a sharper than expected economic slump across the region, with regional growth expected to contract by 7.7 percent in 2020, after topping 6 percent annually in the past five years.

Published 08 Oct, 2020 02:08pm

Business & Finance

Economic diplomacy: Govt sets up Economic Outreach Apex Committee

The committee will review the country's economic indicators, as well as set economic goals and formulate strategies to achieve them.

Published 07 Oct, 2020 02:17pm

Business & Finance

PM chairs federal cabinet meeting reviews economic situation

Under the agenda of the meeting, the cabinet will discuss the country's economic situation, inflation, and other economic indicators will also come under discussion.

Published 06 Oct, 2020 01:00pm

Business & Finance

Pakistan economy undergoes V-shaped recovery amid smart lockdown success, says Azhar

Apart from COVID, if we compared the industrial figures in this fiscal, it has shown a lot of improvement as compared to the previous year, said Azhar.

Published 25 Sep, 2020 04:09pm

Business & Finance

Geopolitical tensions pushing China, India towards inward economy

The report said that an inward turn in economic policy was already underway in Asia before the arrival of the coronavirus (COVID-19), but the global disruption caused by the pandemic has accelerated this shift.

Published 23 Sep, 2020 01:01pm

Technology

Despite economic slowdown, Pakistan’s gig economy continues to shine

Pakistan gig s’- economy has witnessed a surge in new freelancers due to government intervention with online education.

Published 17 Sep, 2020 03:40pm

Business & Finance

Pakistan's V-shaped economic recovery gets confirmed as COVID weakens, says Umar

He said that Large Scale Manufacturing (LSM) figures for July show more than 9 percent growth over June and more than 5pc growth as compared to July 2019.

Published 15 Sep, 2020 11:54am

Markets

ADB projects Pakistan’s GDP to rebound to 2pc in FY2021 as COVID impact subside

The ADB assumes that the COVID-19 impact will subside by the end of 2020—the end of the second quarter of FY2021, allowing global conditions to normalize and economic sentiment to improve.

Updated 15 Sep, 2020 04:07pm

Business & Finance

With rise in cement, fuel sales Pakistan economy picks up steam

The government to has expressed optimism over the country’s recent economic performance.

Published 14 Sep, 2020 02:46pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 13	278.33
USD PKR Interbank Buying / May 13	278.13
USD to Japanese Yen / May 13	155.86
USD to Swiss Franc / May 13	0.91
Pound Sterling to USD / May 13	1.25
Euro to USD / May 13	1.08

Stock	Volume
S&P 500 / May 10	5222.68
Nasdaq / May 10	16340.87
Dow Jones / May 10	39512.84
India Sensex / May 13	72058.22
Tokyo Nikkei / May 13	38179.46
Hang Seng / May 13	19101.30
FTSE 100 / May 13	8440.89
Germany DAX 30 / May 13	18764.87

Item	Value
Karachi Cotton PKR/37.32 KG / May 11	19935
Gold 10 Grams PKR / May 11	208762
Petrol/Litre / May 13	288.49
Crude Oil USD/Barrel / May 13	78.49
Gold Spot USD/Ounce / May 13	2349.25
Diesel/Litre / May 13	281.96

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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