AGL 38.50 ▲ 0.02 (0.05%)

AIRLINK 202.00 ▼ -1.02 (-0.5%)

BOP 10.10 ▼ -0.07 (-0.69%)

CNERGY 6.35 ▼ -0.19 (-2.91%)

DCL 9.40 ▼ -0.18 (-1.88%)

DFML 39.50 ▼ -0.52 (-1.3%)

DGKC 96.67 ▼ -1.41 (-1.44%)

FCCL 34.80 ▼ -0.16 (-0.46%)

FFBL 82.93 ▼ -3.50 (-4.05%)

FFL 13.64 ▼ -0.26 (-1.87%)

HUBC 129.98 ▼ -1.59 (-1.21%)

HUMNL 13.85 ▼ -0.17 (-1.21%)

KEL 5.50 ▼ -0.11 (-1.96%)

KOSM 7.26 ▼ -0.01 (-0.14%)

MLCF 46.00 ▲ 0.41 (0.9%)

NBP 60.19 ▼ -6.19 (-9.33%)

OGDC 219.90 ▼ -0.86 (-0.39%)

PAEL 38.40 ▼ -0.08 (-0.21%)

PIBTL 8.69 ▼ -0.22 (-2.47%)

PPL 195.22 ▼ -2.66 (-1.34%)

PRL 38.70 ▼ -0.33 (-0.85%)

PTC 25.40 ▼ -0.07 (-0.27%)

SEARL 107.65 ▲ 4.60 (4.46%)

TELE 8.85 ▼ -0.17 (-1.88%)

TOMCL 36.09 ▼ -0.32 (-0.88%)

TPLP 13.98 ▲ 0.23 (1.67%)

TREET 24.70 ▼ -0.42 (-1.67%)

TRG 57.76 ▼ -0.28 (-0.48%)

UNITY 33.70 ▲ 0.03 (0.09%)

WTL 1.69 ▼ -0.02 (-1.17%)

BR100 11,724 -166 (-1.4%)

BR30 36,834 -522.3 (-1.4%)

KSE100 109,232 -1838.3 (-1.66%)

KSE30 34,234 -675.5 (-1.94%)

اردو

Dec 19, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Print Print 2023-04-15

Dollar-denominated govt bonds firm after UAE cash pledge

Reuters Published April 15, 2023

LONDON: Pakistan’s dollar-denominated government bonds rose by more than 2 cents to highest level in a month on Friday after the United Arab Emirates has confirmed financial support of $1 billion.

The support pledge, confirmed by Pakistan’s finance minister on Friday, removes key hurdle to securing a much-awaited bailout tranche from the International Monetary Fund (IMF).

Pakistan looks to issue US dollar-denominated Sukuk bonds

The dollar-denominated 2024 maturing bond rose by 2.25 cents on the dollar to 48.25. Sign-off on the IMF staff-level pact has been delayed for months, and Pakistan needs the release of a $1.1 billion payment tranche to resolve an acute balance of payments crisis.

Pakistan Economy uae IMF Dollar US dollar USD IMF and Pakistan financial support government bonds

Comments

Comments are closed.

Tulukan Mairandi Apr 15, 2023 10:30am

A $48 bond rises by a measly $0.025 when UAE gives $1b pledge. It means that the market knows that neither UAE nor anyone can save Pakistan from default and balkanization.

Recommended (0)

Pakistani1 Apr 15, 2023 02:52pm

@Tulukan Mairandi, in their quest to appear neutral, Business Recorder is allowing people with ill feelings for Pakistan to spread venom in a respectable Pakistani newspaper. Try putting a negative comment about India in an Indian newspaper and your comments will never be published.

Recommended (0)

Eoroni Jala Apr 15, 2023 04:17pm

@Pakistani1, but frankly, a 2 cent increase on a $48 paper is not even news-worthy!

Recommended (0)

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	155.22
USD to Swiss Franc / Dec 18	0.90
Pound Sterling to USD / Dec 18	1.26
Euro to USD / Dec 18	1.04

Stock	Volume
S&P 500 / Dec 18	5,872.16
India Sensex / Dec 18	79,372.61
Tokyo Nikkei / Dec 18	38,741.83
Nasdaq / Dec 18	19,392.69
Hang Seng / Dec 18	19,666.12
FTSE 100 / Dec 18	8,199.11
Dow Jones / Dec 18	43,326.87
Germany DAX 30 / Dec 18	20,242.57

Item	Value
Crude Oil USD/Barrel / Dec 18	70.19
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold 10 Grams PKR / Dec 18	241,945.20
Gold Spot USD/Ounce / Dec 18	2,609.22
Cotton US¢/pound / Dec 18	68.06
Petrol/Litre / Dec 19	252.10

Gainers
Losers
Leaders

Stock	Price
First AL-Noor Mod. / Dec 19 First Al-Noor Modaraba(FANM)	3.84 ▲ 0.61 (18.89%)
S.G.Power / Dec 19 S.G. Power Limited(SGPL)	10.17 ▲ 1.00 (10.91%)
Attock Cement / Dec 19 Attock Cement Pakistan Limited(ACPL)	285.20 ▲ 25.93 (10.00%)
Oilboy Energy / Dec 19 Oilboy Energy Limited(OBOY)	12.65 ▲ 1.15 (10.00%)
Leather Up Ltd. / Dec 19 Leather Up Limited(LEUL)	29.41 ▲ 2.67 (9.99%)
B.R.R. Guardian / Dec 19 B.R.R. Guardian Limited(BRRG)	23.36 ▲ 2.12 (9.98%)
Liven Pharma / Dec 19 Liven Pharma Limited(LIVEN)	76.99 ▲ 6.69 (9.52%)
Frontier Ceram / Dec 19 Frontier Ceramics Limited(FRCL)	34 ▲ 2.31 (7.29%)
Grays Leasing / Dec 19 Grays Leasing Limited(GRYL)	6.19 ▲ 0.41 (7.09%)

Stock	Price
Gulshan Sp. / Dec 19 Gulshan Spinning Mills Limited(GSPM)	3.74 ▼ -0.69 (-15.58%)
Imperial Limited / Dec 19 Imperial Limited(IML)	18.14 ▼ -2.02 (-10.02%)
Mari Petroleum / Dec 19 Mari Petroleum Company Limited(MARI)	655.90 ▼ -72.88 (-10.00%)
JDW Sugar / Dec 19 JDW Sugar Mills Limited(JDWS)	652 ▼ -69.97 (-9.69%)
National Bank / Dec 19 National Bank of Pakistan(NBP)	60 ▼ -6.38 (-9.61%)
Shams Textile / Dec 19 Shams Textile Mills Limited(STML)	22.60 ▼ -2.40 (-9.60%)
Trust Sec.& Brok. / Dec 19 Trust Securities & Brokerage Limited(TSBL)	9.55 ▼ -1.00 (-9.48%)
AL-Noor Sugar / Dec 19 Al-Noor Sugar Mills Limited(ALNRS)	81 ▼ -8.35 (-9.35%)
Hoechst Pak. / Dec 19 Hoechst Pakistan Limited(HPL)	2,506 ▼ -252.82 (-9.16%)

Stock	Volume
WorldCall Telecom / Dec 19 Worldcall Telecom Limited(WTL)	139,290,885 ▼ -0.03
Cnergyico PK / Dec 19 Cnergyico PK Limited(CNERGY)	67,462,895 ▼ -0.22
B.O.Punjab / Dec 19 The Bank of Punjab(BOP)	60,162,802 ▼ -0.07
Pak Refinery / Dec 19 Pakistan Refinery Limited(PRL)	54,507,413 ▼ -0.29
Pak Elektron / Dec 19 Pak Elektron Limited(PAEL)	50,144,684 ▲ 0.01
K-Electric Ltd. / Dec 19 K-Electric Limited(KEL)	46,773,842 ▼ -0.13
Sui South Gas / Dec 19 Sui Southern Gas Company Limited(SSGC)	41,964,816 ▲ 1.41
Aisha Steel Mill / Dec 19 Aisha Steel Mills Limited(ASL)	36,868,206 ▼ -0.01
Fauji Foods Ltd / Dec 19 Fauji Foods Limited(FFL)	21,856,915 ▼ -0.22