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debt crisis

China’s leaders vow to fight ‘risks’ plaguing economy

BEIJING: Beijing’s leaders vowed Thursday to resolve “risks” plaguing China’s economy, but were yet to offer...

Updated 19 Jul, 2024 07:27am

Opinion

Pakistan’s debt dilemma: navigating turbulent waters

In the intricate fabric of Pakistan’s economic landscape, a daunting debt crisis casts a long shadow, threatening...

Published 23 Apr, 2024 03:41am

Business & Finance

Developing countries spent record $443.5bn to service public debts in 2022: World Bank

WASHINGTON: Developing countries spent nearly half a trillion dollars to service their external public and publicly...

Published 14 Dec, 2023 05:24am

Govt explains magnitude of SOE burden

Federal Minister for Privatisation says current state of the public sector is unsustainable and contributes to the deterioration in the business environment in the country

Updated 28 Nov, 2023 10:01am

World

IMF, World Bank to tackle climate goals among reforms at annual meetings

WASHINGTON: The World Bank and International Monetary Fund will tackle the thorny issue of institutional reform at...

Published 05 Oct, 2023 10:24am

World

Debt crisis relief for poor countries nowhere near enough: UN

GENEVA: Current attempts to resolve the debt crisis swamping poor countries do not go anywhere near far enough given...

Published 05 Oct, 2023 06:23am

World

Pakistan among developing countries facing a debt crunch

LONDON: High interest rates, growing investor risk aversion and borrowing that ballooned in recent years have left a...

Published 04 Oct, 2023 03:43pm

Debt challenges facing 59 countries: PM urges world to find durable solution

Proper implementation of the development agenda is only possible with global and regional cooperation, he says

Updated 21 Sep, 2023 08:46am

Business & Finance

Debt assessments should reflect growing share of domestic debt: World Bank

WASHINGTON: Debt sustainability analyses carried out by the World Bank and International Monetary Fund should...

Updated 27 Apr, 2023 09:02am

Opinion

Monetary-fiscal history of Latin America: lessons for Pakistan

Pakistan today suffers from significant macroeconomic instability, high inflation, a currency crisis and a risk of a...

Published 06 Mar, 2023 06:43am

Opinion

Traders relaxed as ECB starts running down massive bond holdings

Strong investor inflows into bond markets this year mean traders and bankers are confident the European Central Bank...

Updated 02 Mar, 2023 07:01am

Opinion

Balancing austerity demands with better debt relief and SDR support

’Developing nations may need to find as much as $2.5 trillion over five years to meet external debt-service costs as...

Updated 10 Feb, 2023 12:30pm

BR Research

On another debt crisis

Facing a challenging re-election battle in the next election cycle, the new year could not have started on a worse...

Published 16 Jan, 2023 09:28am

Business & Finance

Next two years: WEF foresees 10 major risks

ISLAMABAD: Pakistan may face digital vulnerability and cybersecurity, rapid inflation, debt crisis, possible state...

Published 12 Jan, 2023 05:51am

Economy: EAG underscores need for reforms

ISLAMABAD: The Economic Advisory Group (EAG) has called for necessary reforms to transform Pakistan into a globally...

Updated 07 Jan, 2023 08:48am

Poor countries’ debt servicing costliest: World Bank

NEW YORK: The poorest countries in the world now spend over a tenth of their export income to service external debt,...

Updated 07 Dec, 2022 09:47am

Opinion

Calamities, debt crisis, growth: prospects — II

H istorical precedents show the many ways in which various sectors of the economy do this. As rising debt causes a...

Published 16 Oct, 2022 03:53am

Opinion

Pakistan in deep debt trap

Pakistan’s precarious financial situation, persisting for the last many decades, has landed it into a deep debt...

Published 14 Oct, 2022 03:39am

Pakistan

Pakistan will not seek Paris Club debt restructuring, says Ishaq Dar

Says Pakistan will fulfil all sovereign debt commitments

Updated 10 Oct, 2022 09:39am

World

World facing '5th wave' of debt crisis: World Bank chief

WASHINGTON: The world is facing a "fifth wave of debt crisis," World Bank President David Malpass warned Friday,...

Updated 07 Oct, 2022 09:24pm

Moody’s cuts Pakistan’s rating to Caa1

ISLAMABAD: Moody’s Investors Service (Moody’s) has downgraded the government of Pakistan’s local and foreign...

Updated 07 Oct, 2022 09:37am

Pakistan

Moody's cuts Pakistan's rating to Caa1

Rating agency says ongoing floods raise country's external financing needs, heightening risks of a balance of payments crisis

Updated 06 Oct, 2022 11:11pm

Opinion

Calamities, debt crisis, growth: prospects – I

Natural disasters such as floods can have detrimental effects on growth as they depress both supply and demand, and...

Published 28 Sep, 2022 05:51am

EU fiscal oversight of Greece ends after 12 years

ATHENS: Greece on Saturday concluded 12 years of European Union fiscal surveillance that was imposed in return for...

Published 21 Aug, 2022 05:16am

Pakistan

Rupee devaluation multiplied debt servicing: Miftah

Says any nation will move towards default-like situation amid high debt servicing

Updated 16 Jul, 2022 06:20pm

World

The big default? Dozen countries including Pakistan in danger zone

LONDON: Traditional debt crisis signs of crashing currencies, 1,000 basis point bond spreads and burned FX reserves...

Updated 16 Jul, 2022 04:44pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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