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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 / Dec 30	278.58
USD PKR Interbank Buying / Dec 30	278.43
USD to Japanese Yen / Dec 30	156.45
USD to Swiss Franc / Dec 30	0.90
Pound Sterling to USD / Dec 30	1.26
Euro to USD / Dec 30	1.04

Stock	Volume
S&P 500 / Dec 30	5,906.94
India Sensex / Dec 30	78,248.13
Tokyo Nikkei / Dec 30	39,894.54
Nasdaq / Dec 30	19,486.79
Hang Seng / Dec 30	20,111.38
FTSE 100 / Dec 30	8,121.01
Dow Jones / Dec 30	42,573.73
Germany DAX 30 / Dec 30	19,909.14

Item	Value
Crude Oil USD/Barrel / Dec 30	71.36
Karachi Cotton PKR/37.32 KG / Dec 30	17,785
Gold 10 Grams PKR / Dec 30	241,430.80
Gold Spot USD/Ounce / Dec 30	2,604.69
Cotton US¢/pound / Dec 30	68.76
Petrol/Litre / Dec 31	252.10

Gainers
Losers
Leaders

Stock	Price
Gulshan Sp. / Dec 31 Gulshan Spinning Mills Limited(GSPM)	4.63 ▲ 0.63 (15.75%)
Pak Int.Bulk / Dec 31 Pakistan International Bulk Terminal(PIBTL)	9.38 ▲ 1.00 (11.93%)
Gulistan Sp. / Dec 31 Gulistan Spinning Mills Limited(GUSM)	9.54 ▲ 0.92 (10.67%)
LSE Financial Serv. / Dec 31 LSE Financial Services Limited(LSEFSL)	15.70 ▲ 1.43 (10.02%)
Chakwal Spinning / Dec 31 Chakwal Spinning Mills Limited(CWSM)	64.67 ▲ 5.88 (10.00%)
Liven Pharma / Dec 31 Liven Pharma Limited(LIVEN)	150.54 ▲ 13.69 (10.00%)
Pak Datacom / Dec 31 Pak Datacom Limited(PAKD)	167.41 ▲ 15.22 (10.00%)
Pak Paper Prod / Dec 31 Pakistan Paper Products Limited(PPP)	149.90 ▲ 13.63 (10.00%)
Shahtaj Sugar / Dec 31 Shahtaj Sugar Mills Limited(SHJS)	102.66 ▲ 9.33 (10.00%)

Stock	Price
Khairpur Sug. / Dec 31 Khairpur Sugar Mills Limited(KPUS)	203.81 ▼ -22.65 (-10.00%)
Zephyr Textile / Dec 31 Zephyr Textiles Limited(ZTL)	10.55 ▼ -0.96 (-8.34%)
Jubilee Spinning / Dec 31 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	10.55 ▼ -0.95 (-8.26%)
Asia Ins. / Dec 31 Asia Insurance Company Limited(ASIC)	13 ▼ -0.99 (-7.08%)
Philip Morris Pak. / Dec 31 Philip Morris (Pakistan) Limited(PMPK)	699 ▼ -51.00 (-6.80%)
Faisal Sp. / Dec 31 Faisal Spinning Mills Limited(FASM)	301.02 ▼ -19.10 (-5.97%)
Kohinoor Power / Dec 31 Kohinoor Power Company Limited(KOHP)	7.31 ▼ -0.44 (-5.68%)
Cordoba Logistics / Dec 31 Cordoba Logistics & Ventures Limited(CLVL)	17.65 ▼ -0.91 (-4.90%)
Abdullah Shah / Dec 31 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	7 ▼ -0.30 (-4.11%)

Stock	Volume
Cnergyico PK / Dec 31 Cnergyico PK Limited(CNERGY)	125,613,935 ▲ 0.57
WorldCall Telecom / Dec 31 Worldcall Telecom Limited(WTL)	111,551,930 ▲ 0.02
B.O.Punjab / Dec 31 The Bank of Punjab(BOP)	84,182,656 ▼ -0.03
Silk Bank Ltd / Dec 31 Silkbank Limited(SILK)	48,777,302 ▲ 0.00
K-Electric Ltd. / Dec 31 K-Electric Limited(KEL)	45,320,218 ▲ 0.06
Pak Elektron / Dec 31 Pak Elektron Limited(PAEL)	36,348,761 ▼ -0.02
Sui South Gas / Dec 31 Sui Southern Gas Company Limited(SSGC)	30,315,237 ▼ -0.40
Pak Int.Bulk / Dec 31 Pakistan International Bulk Terminal(PIBTL)	29,443,091 ▲ 1.00
Fauji Foods Ltd / Dec 31 Fauji Foods Limited(FFL)	29,105,477 ▲ 0.44

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Budget 2024-25: income tax calculator for FY25

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