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debt relief

Debt relief delays could mean ‘disorderly’ defaults: IMF official

JOHANNESBURG: The flagship debt restructuring process for low income countries needs to speed up, otherwise there...

Published 30 Jan, 2024 06:34pm

World

IMF, World Bank announce $4.5 billion debt relief for Somalia

NAIROBI: Somalia reached the end of a debt forgiveness initiative on Wednesday overseen by the International...

Published 13 Dec, 2023 11:46pm

Opinion

Climate change, debt, and inflation

“If you’ve been feeling confused and as though everything is impacting on you all at the same time, this is not ...

Updated 09 Jun, 2023 07:10am

World

Yellen raps China for serving as ‘roadblock’ in debt restructuring process

WASHINGTON: As the world’s largest official bilateral creditor, China should participate in meaningful debt relief...

Published 20 Apr, 2023 08:28pm

World

IMF: Zambia needs bilateral debt relief to secure next payout

LUSAKA: The next International Monetary Fund (IMF) payout to Zambia from a total loan of $1.3 billion is contingent...

Published 06 Apr, 2023 05:23pm

Opinion

Debt relief for developing countries

Many developing and low-income countries are under debt distress, and a few of which are also facing food crisis as...

Published 13 Mar, 2023 06:15am

Opinion

Debt relief for developing countries

When the Covid pandemic was declared by the World Health Organization (WHO) back in early 2020, a number of...

Published 17 Feb, 2023 06:00am

Business & Finance

China agrees to formation of global sovereign debt ‘roundtable’: IMF

WASHINGTON: Chinese officials have agreed to participate in a global sovereign debt “roundtable” that would...

Published 17 Dec, 2022 05:58am

PM seeks debt relief, climate compensation

Speaks at the COP27 climate conference alongside UN Secretary-General Antonio Guterres

Updated 08 Nov, 2022 09:52am

PM likely to seek debt relief from China

PM scheduled to undertake official visit to China from Nov 1

Updated 29 Oct, 2022 10:54am

Business & Finance

APAT for consensus national policy to get rid of debts

LAHORE: All Pakistan Anjuman Tajran (APAT) Central President Ashraf Bhatti has said that an agreed national policy...

Published 24 Oct, 2022 05:45am

Pakistan urgently needs debt relief: UN

GENEVA: Cascading global crises have left 54 countries — home to more than half of the world’s poorest people...

Updated 12 Oct, 2022 09:42am

World

Pakistan among countries urgently need debt relief: UN

GENEVA: Cascading global crises have left 54 countries -- home to more than half of the world's poorest people -- in...

Updated 11 Oct, 2022 10:29am

Pakistan

US extends $132 million debt relief to Pakistan after floods

ISLAMABAD: Washington on Friday rolled over an agreement to suspend service payments on $132 million of Pakistan's...

Updated 30 Sep, 2022 09:39pm

Pakistan

Bilawal renews call for urgent debt relief, aid

WASHINGTON: Foreign Minister Bilawal Bhutto-Zardari on Thursday renewed call for urgent debt relief and aid to help...

Published 30 Sep, 2022 05:52am

Pakistan

PM seeks ‘substantial’ debt relief

NEW YORK: Prime Minister Shehbaz Sharif has made an urgent appeal to the international donors and rich countries for...

Published 24 Sep, 2022 03:49am

Opinion

How to solve the debt crisis

A previous article (Real clear economics, BR, 24 Mar 2022) pointed out that governments of Pakistan have borrowed ...

Updated 22 Apr, 2022 06:20pm

World

China needs to be ‘more active’ in G20 debt relief effort: Yellen

WASHINGTON: US Treasury Secretary Janet Yellen said China needs to do more to accelerate global efforts to provide...

Published 18 Feb, 2022 04:31am

World

IMF chief urges G20 to move faster on debt relief

We estimate that about 60 percent of low-income countries are in or at high risk of debt distress, double 2015 levels, says Georgieva

Published 16 Feb, 2022 08:25pm

World

IMF's Gopinath says 'lot more' work needed to help countries reduce debt levels

WASHINGTON: The Group of 20 countries need to step up their efforts to help low-income countries deal with high...

Published 25 Jan, 2022 08:43pm

World

World Bank seeks $100bn in donations to address 'tragic reversals' in development

WASHINGTON: The World Bank hopes to raise $100 billion in donations for the International Development Association...

Published 11 Oct, 2021 07:33pm

World

Poor countries' debt rose 12% to record $860bn in 2020: World Bank

WASHINGTON: The debt burden of the world's low-income countries rose 12% to a record $860 billion in 2020 as...

Published 11 Oct, 2021 06:40pm

World

IMF approves fourth round of debt relief for poor countries

This debt service relief helps free up scarce financial resources for vital health, social and economic support to mitigate the impact of the COVID-19 pandemic, says IMF

Published 08 Oct, 2021 09:02pm

Pakistan

PM Imran calls on UN to stop 'illicit flow of money from poor to richer capitals'

Says this is crushing people in the developing world through inflation and poverty

Updated 05 Oct, 2021 10:17pm

Business & Finance

Sudan devalues currency to meet key condition for debt relief

KHARTOUM: Sudan’s central bank sharply devalued the currency on Sunday, announcing a new regime to “unify”...

Updated 22 Feb, 2021 09:57am

Pakistan

Qureshi to leave for Egypt today

ISLAMABAD: Foreign Minister Shah Mahmood Qureshi will leave for Egypt today (Tuesday) on a two-day official visit...

Updated 16 Feb, 2021 09:37am

World

Italy G20 presidency to push for debt relief, new IMF drawing rights

ROME: Italy, this year’s president of the Group of 20 rich and emerging nations, will push its members to extend...

Published 31 Jan, 2021 03:36am

Debt relief scheme: FIs defer, restructure Rs881bn loans

KARACHI: Financial institutions have deferred and restructured loans worth Rs 881 billion under the Loan Extension...

Published 21 Jan, 2021 04:23am

Business & Finance

US says it provided $128mn in debt relief to Pakistan in 2020

"Through efforts like this, the U.S. and Pakistan are working together to redirect critical resources to the COVID19 pandemic response,” stated the US Embassy Islamabad

Published 17 Dec, 2020 12:16pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 26	278.42
USD PKR Interbank Buying / Dec 26	278.27
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03
France CAC40 / Dec 24	7,282.69
India Sensex / Dec 26	78,475.29

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Petrol/Litre / Dec 26	252.10
Karachi Cotton PKR/37.32 KG / Dec 26	17,785

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Dec 26 Security Investment Bank Limited(SIBL)	6.99 ▲ 1.00 (16.69%)
Next Capital / Dec 26 Next Capital Limited(NEXT)	9.90 ▲ 1.00 (11.24%)
Askari Life Assur. / Dec 26 Askari Life Assurance Company Limited(ALAC)	6.18 ▲ 0.58 (10.36%)
Pak Gulf Leasing / Dec 26 Pak-Gulf Leasing Company Limited(PGLC)	15.81 ▲ 1.44 (10.02%)
Pak. P.V.C. / Dec 26 Pakistan PVC Limited(PPVC)	11.20 ▲ 1.02 (10.02%)
Dewan Motors / Dec 26 Dewan Farooque Motors Limited(DFML)	42.21 ▲ 3.84 (10.01%)
Suhail Jute / Dec 26 Suhail Jute Mills Limited(SUHJ)	99.06 ▲ 9.01 (10.01%)
Data Agro / Dec 26 Data Agro Limited(DAAG)	132.83 ▲ 12.08 (10.00%)
Dar-es-Salaam / Dec 26 Dar-es-Salaam Textile Mills Limited(DSML)	51.25 ▲ 4.66 (10.00%)

Stock	Price
Jauharabad Sug / Dec 26 Jauharabad Sugar Mills Limited(JSML)	23.10 ▼ -2.57 (-10.01%)
Mughal Energy / Dec 26 Mughal Energy Limited(GEM)(GEMMEL)	18.45 ▼ -2.05 (-10.00%)
Olympia Mills / Dec 26 Olympia Mills Limited(OML)	36.01 ▼ -3.99 (-9.98%)
United Brands / Dec 26 United Brands Limited(UBDL)	22.72 ▼ -2.31 (-9.23%)
Power Cem(Pref) / Dec 26 Power Cement (Pref)(POWERPS)	12.25 ▼ -1.22 (-9.06%)
Ismail Ind. / Dec 26 Ismail Industries Limited(ISIL)	1,756.56 ▼ -172.36 (-8.94%)
Sanghar Sugar / Dec 26 Sanghar Sugar Mills Limited(SANSM)	24 ▼ -2.33 (-8.85%)
Equity Modaraba / Dec 26 First Equity Modaraba(FEM)	3 ▼ -0.29 (-8.81%)
LSE Capital / Dec 26 LSE Capital Limited(LSECL)	5.85 ▼ -0.56 (-8.74%)

Stock	Volume
WorldCall Telecom / Dec 26 Worldcall Telecom Limited(WTL)	127,408,831 ▼ -0.07
Fauji Foods Ltd / Dec 26 Fauji Foods Limited(FFL)	77,097,006 ▲ 1.03
TRG Pak Ltd / Dec 26 TRG Pakistan Limited(TRG)	42,128,279 ▲ 5.08
Sui South Gas / Dec 26 Sui Southern Gas Company Limited(SSGC)	33,559,500 ▼ -1.40
Cnergyico PK / Dec 26 Cnergyico PK Limited(CNERGY)	33,367,944 ▼ -0.19
K-Electric Ltd. / Dec 26 K-Electric Limited(KEL)	30,254,338 ▼ -0.21
Hascol Petrol / Dec 26 Hascol Petroleum Limited(HASCOL)	27,155,152 ▲ 0.32
Aisha Steel Mill / Dec 26 Aisha Steel Mills Limited(ASL)	26,980,436 ▲ 0.19
B.O.Punjab / Dec 26 The Bank of Punjab(BOP)	26,378,207 ▼ -0.08

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