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default risk

Moody’s lifts rating on reduced default risk

ISLAMABAD: Moody’s Ratings (Moody’s) on Wednesday upgraded the government of Pakistan’s local and foreign...

Published 29 Aug, 2024 07:46am

Editorials

PML-N has helped country avert default?

EDITORIAL: Nawaz Sharif, the undisputed leader of Pakistan Muslim League-Nawaz (PML-N), resident in the UK for ...

Published 26 Sep, 2023 06:33am

Opinion

Rating agencies and Pakistan’s response

There are three major international credit rating agencies providing investors information about bond and debt...

Published 11 Sep, 2023 06:54am

Gallup Survey: Default seems imminent, say businesses

KARACHI: Majority of Pakistan’s businesses are “not hopeful at all” about the ability of caretaker Prime Minister...

Updated 05 Sep, 2023 09:12am

Key objectives under new programme: To govt’s chagrin, IMF team calls on PTI chairman

ISLAMABAD/ LAHORE: The International Monetary Fund (IMF) has approached major political parties in Pakistan,...

Updated 08 Jul, 2023 08:56am

Opinion

SBA won’t cut it

Fine, it was the single biggest one-day jump in the stock market in 15 years. But is it really that unbelievable,...

Updated 06 Jul, 2023 06:20am

Editorials

Can IMF absence be offset by ‘Plan B’?

EDITORIAL: With the country on the verge of sovereign default, which could cascade into a domestic debt ...

Published 26 Jun, 2023 06:38am

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

Expert says country would not default

Ashfaq Tola says govt has not introduced any tax amnesty scheme in the budget and that any ambiguity related to such a scheme would be resolved before the International Monetary Fund (IMF)

Updated 18 Jun, 2023 07:49pm

Markets

Moody’s says chances of Pakistan securing IMF bailout dwindling: report

Moody's analyst says Pakistan could default without an IMF programme

Updated 14 Jun, 2023 08:19pm

Default fears deepen but Dar exudes optimism

Assures business community that focus of upcoming budget (2023-24) would be broadening tax base and document new taxpayers

Updated 25 May, 2023 08:55am

Federal budget on June 9: Govt will fulfil all external obligations: Dar

Says there is a plan for foreign payments of $3.7 billion in May and June

Updated 12 May, 2023 10:29am

Business & Finance

Pakistan could default without IMF bailout programme: Moody’s

LAHORE: Pakistan could face default without an International Monetary Fund (IMF) bailout programme as the country is...

Published 10 May, 2023 06:03am

Markets

Govt to address IMF concerns on petroleum subsidy scheme, says Musadik

Minister of State for Petroleum Musadik Malik on Tuesday said that the government remains committed to addressing...

Updated 09 May, 2023 05:12pm

Pakistan

Moody’s warns Pakistan could default without IMF bailout: report

Pakistan’s financing options beyond June are highly uncertain, says analyst with ratings agency

Updated 09 May, 2023 09:39pm

IK warns of ‘Sri Lanka-like’ situation if elections not held

LAHORE: Pakistan Tehreek-e-Insaf Chairman Imran Khan has warned the ‘powerful people’ that violent protests will...

Updated 30 Apr, 2023 09:24am

Half a trillion in debt haircuts essential for sustainability: study

LONDON: Up to half a trillion dollars in debt needs to be written off to help developing nations at greatest risk of...

Updated 07 Apr, 2023 08:50am

Opinion

A possible way forward–I

Pakistan today is perilously close to declaring its inability to settle its external debt obligations. Default. What...

Published 03 Apr, 2023 06:36am

Pakistan

Technical-level talks with IMF are over: Ishaq Dar

Finance minister holds back from giving timeline on when deal will be inked

Updated 30 Mar, 2023 08:53pm

PM seeks to clear the air about default, elections

Says his party would participate in elections as per whatever the ECP decides

Updated 16 Mar, 2023 09:45am

Opinion

Shape up or ship out!

For the past few months, there has been significant concern and consternation over the possibility of a Pakistani...

Published 12 Mar, 2023 05:55am

Business & Finance

Country to be on brink of default for foreseeable future: FPCCI

KARACHI: President of the FPCCI Irfan Iqbal Sheikh has stressed that it is the collective wisdom of the entire...

Published 10 Mar, 2023 03:46am

Pakistan

Additional inflow of $500mn from China expected in few days, says Dar

Finance minister says ICBC has rolled over $1.3bn-facility, reiterates Pakistan will not default; blames Imran Khan for country's current economic state

Updated 03 Mar, 2023 06:42pm

Business & Finance

Dar says IMF deal likely next week, rejects default rumours

ISLAMABAD: Federal Finance Minister Ishaq Dar Thursday said the staff-level agreement with International Monetary...

Published 03 Mar, 2023 06:12am

Opinion

Better late than never, or just too late?

Too bad Finance Minister Ishaq Dar didn’t get to give Moody’s a “befitting reply” for downgrading...

Published 16 Feb, 2023 06:08am

Opinion

Default: last hour?

Negotiations with the IMF (International Monetary Fund) have entered the final round. The plans and proposals...

Published 06 Feb, 2023 06:20am

Business & Finance

Yellen says a US default could cause global financial crisis

DAKAR/WASHINGTON: US Treasury Secretary Janet Yellen said on Friday that a potential US default could cause a global...

Published 21 Jan, 2023 06:41am

Editorials

Pledges alone will not help us avert default

EDITORIAL: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) issued a timely...

Published 21 Jan, 2023 06:15am

Pakistan may dodge default in next 6 months: Bloomberg

ISLAMABAD: Pakistan is likely to dodge default in the next six months, but its troubles are not over, stated...

Updated 10 Jan, 2023 08:54am

Pakistan

Pakistan likely to dodge default in next 6 months, but troubles not over: Bloomberg

Report says investors are now worried about a big dollar debt repayment in April 2024, and pricing those bonds at a distressed level

Updated 09 Jan, 2023 06:39pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 30	278.97
USD PKR Interbank Buying / Jan 30	278.77
USD to Japanese Yen / Jan 30	154.56
USD to Swiss Franc / Jan 30	0.91
Pound Sterling to USD / Jan 30	1.24
Euro to USD / Jan 30	1.04

Stock	Volume
S&P 500 / Jan 29	6,039.31
Nasdaq / Jan 29	19,632.32
Hang Seng / Jan 29	20,225.11
Dow Jones / Jan 29	44,713.52
India Sensex / Jan 30	76,776.38
Tokyo Nikkei / Jan 30	39,467.47
FTSE 100 / Jan 30	8,567.71
Germany DAX 30 / Jan 30	21,655.86

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 29	18,285
Gold 10 Grams PKR / Jan 29	247,513
Petrol/Litre / Jan 30	256.13
Crude Oil USD/Barrel / Jan 30	72.66
Gold Spot USD/Ounce / Jan 30	2,759.76
Diesel/Litre / Jan 30	260.95

Gainers
Losers
Leaders

Stock	Price
Chenab Ltd / Jan 30 Chenab Limited(CHBL)	9.08 ▲ 1 (12.38%)
Kohinoor Ind. / Jan 30 Kohinoor Industries Limited(KOIL)	9.26 ▲ 1 (12.11%)
PICIC Ins.Ltd. / Jan 30 PICIC Insurance Limited(PIL)	2.52 ▲ 0.23 (10.04%)
Redco Textile / Jan 30 Redco Textiles Limited(REDCO)	21.97 ▲ 2 (10.02%)
Sana Ind / Jan 30 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
I.C.C. Ind. / Jan 30 ICC Industries Limited(ICCI)	14.29 ▲ 1.3 (10.01%)
Ashfaq Textile / Jan 30 Ashfaq Textile Mills Limited(ASHT)	17.48 ▲ 1.59 (10.01%)
Ahmad Hassan / Jan 30 Ahmad Hassan Textile Mills Limited(AHTM)	59.90 ▲ 5.45 (10.01%)
Atlas Honda Ltd / Jan 30 Atlas Honda Limited(ATLH)	873.29 ▲ 79.39 (10%)

Stock	Price
Tariq Corp.Pref. / Jan 30 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.91 ▼ -0.97 (-12.31%)
First Capital Equities / Jan 30 First Capital Equities Limited(FCEL)	5.21 ▼ -0.68 (-11.54%)
National Silk / Jan 30 The National Silk & Rayon Mills Limited(NSRM)	45.35 ▼ -5.04 (-10%)
Blue-Ex Ltd / Jan 30 Blue-Ex Limited (GEM)(GEMBLUEX)	55.40 ▼ -6.15 (-9.99%)
Kohat Textile / Jan 30 Kohat Textile Mills Limited(KOHTM)	32 ▼ -3.13 (-8.91%)
Hussain Industries / Jan 30 Husein Industries Limited(HUSI)	26.41 ▼ -2.45 (-8.49%)
Trust Sec.& Brok. / Jan 30 Trust Securities & Brokerage Limited(TSBL)	13.60 ▼ -1.14 (-7.73%)
JS Investments / Jan 30 JS Investments Limited(JSIL)	21.02 ▼ -1.74 (-7.64%)
Universal Ins. / Jan 30 The Universal Insurance Company Limited(UVIC)	9.13 ▼ -0.67 (-6.84%)

Stock	Volume
Sui South Gas / Jan 30 Sui Southern Gas Company Limited(SSGC)	48,078,930 ▲ 2.48
Waves Home Appliances / Jan 30 Waves Home Appliances Limited(WAVESAPP)	33,126,010 ▲ 1.16
Bank Makramah / Jan 30 Bank Makramah Limited(BML)	31,438,642 ▲ 0.23
Cnergyico PK / Jan 30 Cnergyico PK Limited(CNERGY)	31,197,761 ▲ 0.13
K-Electric Ltd. / Jan 30 K-Electric Limited(KEL)	29,670,310 ▲ 0.13
Citi Pharma Ltd / Jan 30 Citi Pharma Ltd.(CPHL)	25,413,292 ▲ 2.73
Dewan Motors / Jan 30 Dewan Farooque Motors Limited(DFML)	24,726,221 ▼ -1.63
WorldCall Telecom / Jan 30 Worldcall Telecom Limited(WTL)	20,794,723 ▲ 0.02
Fauji Cement / Jan 30 Fauji Cement Company Limited(FCCL)	13,308,955 ▲ 0.1

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