Trends - 9th IMF review - Business Recorder

9th IMF review

IMF’s Executive Board meeting on Pakistan set for July 12

The Fund is set to discuss a nine-month stand-by arrangement for Pakistan as the previous Extended Fund Facility expired on June 30

Updated 06 Jul, 2023 09:55am

Markets

SBP-held foreign exchange reserves rise $533mn, stand at $4.07bn

Increase comes on back of realisation of $300 million proceeds of government of Pakistan’s commercial loan

Published 03 Jul, 2023 09:06pm

Markets

Component-wise breakdown of petrol price in Pakistan

Government raises PDL to Rs55 per litre to fulfil key condition of IMF

Published 01 Jul, 2023 01:40pm

Pakistan

A new stand-by arrangement with the IMF: here are some key points

After a massive delay, govt succeeds in convincing IMF to allot it more money than expected

Published 30 Jun, 2023 12:39pm

Pakistan

Pakistan, IMF reach staff-level agreement on new $3bn stand-by arrangement

Agreement subject to approval by the IMF Executive Board, with its consideration expected by mid-July

Updated 30 Jun, 2023 11:11pm

Pakistan

Dar says Pakistan expects IMF deal in next 24 hours

Country is racing against time to unlock funds ahead of the scheduled end of the programme today

Updated 30 Jun, 2023 10:15am

Dar says 9th IMF review ‘will be done’

The programme expires on June 30

Updated 28 Jun, 2023 08:58am

Pakistan

Aim to quickly reach agreement on financial support, says IMF

IMF Mission Chief Nathan Porter says Pakistani authorities have taken decisive measures to bring policies more in line with the economic reform programme, will continue discussions

Updated 27 Jun, 2023 10:29pm

Pakistan

Dar says govt ‘making efforts’ to secure more than $1.1bn in IMF funding

Finance minister expresses hope that Pakistan would get 'balance amount' which stands at nearly $2.6bn

Published 27 Jun, 2023 09:40pm

Markets

Lying in wait for IMF, Pakistani rupee witnesses record depreciation in FY23

Hammered by the deteriorating macroeconomic situation in the country, the Pakistani rupee witnessed a record level...

Published 27 Jun, 2023 07:01pm

Markets

PM Shehbaz holds telephonic conversation with IMF MD Georgieva

Pakistan hopes for IMF decision over stalled bailout programme in a day or two

Updated 27 Jun, 2023 04:52pm

Markets

Pakistan stocks rally over IMF hope, KSE-100 up nearly 1,400 points

Share prices surge as passage of revised budget measures rekindles hope of IMF programme revival, removal of import restrictions also boosts sentiment

Updated 26 Jun, 2023 08:08pm

Business & Finance

PM briefs IMF chief, hopes for release of stalled funds

PARIS: Prime Minister Shehbaz Sharif on Thursday briefed International Monetary Fund’s managing director Kristalina...

Published 23 Jun, 2023 06:00am

Pakistan

PM Shehbaz meets IMF MD Georgieva with hope of programme revival

Meeting comes on sidelines of Summit for a New Global Financial Pact being held in Paris
IMF chief shares her institution’s perspective on the ongoing review process, says PMO statement

Updated 22 Jun, 2023 05:53pm

US apprised of edgy IMF ambivalence

Federal Minister for Finance and Revenue Ishaq Dar meets US Ambassador to Pakistan Donald Blome

Updated 22 Jun, 2023 08:52am

Pakistan

As Islamabad scrambles, Dar meets US ambassador to alleviate concerns on Pakistan’s budget

Finance minister says measures for fiscal year 2023-24 are aimed at reducing fiscal gap in order to meet national as well as international financial obligations

Updated 21 Jun, 2023 05:25pm

Markets

IMF’s criticism of Pakistan’s budget raises default odds: Bloomberg

If IMF aid doesn’t come this month, it expects growth to be much weaker in fiscal 2024 than the current forecast of 2.5%

Updated 19 Jun, 2023 08:07pm

Markets

KSE-100 plunges nearly 700 points due to IMF uncertainty

Selling pressure increases in final hours of session

Updated 19 Jun, 2023 07:45pm

Pakistan

In tit-for-tat response, Pakistan says FY24 budget ‘was never a part of IMF 9th review’

Govt says it is committed to IMF programme, wants to at least complete pending review

Updated 16 Jun, 2023 08:19pm

Pakistan

Pakistan’s time being wasted, says Dar in reference to delay in IMF funding

Says global institutions want Pakistan to default like Sri Lanka and then enter negotiations

Updated 15 Jun, 2023 10:25pm

Pakistan

IMF comes down hard on Pakistan’s budget proposals

Says draft misses opportunity to broaden tax base in progressive way
Criticises new tax amnesty scheme that runs against IMF programme’s conditionality/governance agenda, and creates a damaging precedent

Updated 15 Jun, 2023 09:00am

Markets

Pakistan now hopes to ink deal with IMF before budget on Friday: report

Programme has been stalled at the ninth review since November last year with statements from officials insisting bailout is on track and will be revived soon

Updated 06 Jun, 2023 05:24pm

Business & Finance

PM Shehbaz says ‘very hopeful’ deal will be reached with IMF in June

Premier says Islamabad has met all prior conditionalities

Published 05 Jun, 2023 08:31pm

Shortage of goods, plant closures: IMF identifies import curbs as the real culprits

Says financial framework underlying policies agreed with the authorities is included in staff report to be released upon IMF Executive Board’s approval of ninth review

Updated 31 May, 2023 11:25am

Opinion

9th review struggle with IMF

Since November of last year, Pakistan is still waiting for the release of the next tranche of $1.1 billion from the...

Published 21 May, 2023 04:00am

Markets

Gold price sees biggest one-day decline, retreats to Rs201,500 per tola in Pakistan

Rupee appreciation, hopes of positive outcome of talks with IMF steer decrease

Published 31 Jan, 2023 07:43pm

Editorials

Conclude 9th review and move ahead

EDITORIAL: The finance minister, Ishaq Dar, finally budged from position of keeping the PKR to dollar parity...

Published 30 Jan, 2023 05:56am

Pakistan

Economic reforms: Pakistan asks IMF for restructuring ‘pause’

GENEVA: Pakistan’s prime minister on Monday asked the IMF for a pause in its demands for economic reforms before...

Published 09 Jan, 2023 08:38pm

Stalled bailout: IMF team to meet Dar in Geneva

ISLAMABAD: A delegation of International Monetary Fund (IMF) will meet Finance Minister Ishaq Dar on the sidelines...

Updated 09 Jan, 2023 08:49am

Pakistan

IMF says its delegation expected to meet Finance Minister Dar on sidelines of Geneva conference

Will discuss outstanding issues and path forward, says IMF spokesperson

Updated 08 Jan, 2023 10:59am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	153.56
USD to Swiss Franc / Dec 17	0.89
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
India Sensex / Dec 17	80,684.45
Tokyo Nikkei / Dec 17	39,164.26
Nasdaq / Dec 17	20,109.06
Hang Seng / Dec 17	19,815.30
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37

Item	Value
Crude Oil USD/Barrel / Dec 17	70.11
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Gold Spot USD/Ounce / Dec 17	2,644.07
Cotton US¢/pound / Dec 17	68.53
Petrol/Litre / Dec 18	252.10

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.63 ▲ 0.93 (16.32%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	7.90 ▲ 0.79 (11.11%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.50 ▲ 0.45 (11.11%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Nimir Resins / Dec 18 Nimir Resins Limited(NRSL)	35.16 ▲ 3.20 (10.01%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Diamond Ind. / Dec 18 Diamond Industries Limited(DIIL)	20.90 ▲ 1.90 (10.00%)
Pak Datacom / Dec 18 Pak Datacom Limited(PAKD)	103.94 ▲ 9.45 (10.00%)

Stock	Price
Equity Modaraba / Dec 18 First Equity Modaraba(FEM)	3.01 ▼ -0.43 (-12.50%)
Dewan Textile / Dec 18 Dewan Textile Mills Limited(DWTM)	5.67 ▼ -0.77 (-11.96%)
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
Din Tex. / Dec 18 Din Textile Mills Limited(DINT)	45.90 ▼ -5.10 (-10.00%)
J.K.Spinning / Dec 18 J.K. Spinning Mills Limited(JKSM)	58.50 ▼ -6.50 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Calcorp Ltd / Dec 18 Calcorp Limited(CASH)	26.22 ▼ -2.91 (-9.99%)
Ismail Ind. / Dec 18 Ismail Industries Limited(ISIL)	1,702 ▼ -188.33 (-9.96%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.08
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.04
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.22
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▲ 0.18
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▲ 0.45
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 2.01
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.20
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▼ -1.92
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▼ -0.10

Markets →

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9th IMF review

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