Trends - Eurobond - Business Recorder

Eurobond

A questionable policy stance

EDITORIAL: The Monetary Policy Statement (MPS) dated 29 April 2024 left the discount rate unchanged at 22 percent on...

Published 02 May, 2024 04:58am

10-year Eurobond: $1bn repayment made despite dearth of forex

KARACHI: Despite foreign exchange difficulties, Pakistan has successfully made timely repayment of foreign debt...

Updated 14 Apr, 2024 01:57pm

External financing needs: IMF lowers projection to 7.1pc of GDP

ISLAMABAD: The International Monetary Fund (IMF) has lowered the projection of Pakistan’s gross external financing...

Updated 21 Jan, 2024 09:35am

8pc of GDP: IMF projects $28.361bn gross external financing needs

ISLAMABAD: The International Monetary Fund (IMF) has projected Pakistan’s gross external financing needs at $28.361...

Updated 19 Jul, 2023 09:43am

Wapda may delay issuance of 2nd $500m Eurobond

Wapda was expecting to issue it by the middle of last year

Updated 21 Jan, 2023 03:30pm

Pakistan

Dar looks to calm nerves, says Pakistan will not default on bond payments

Finance minister reiterates country will meet international payment obligations, also dismisses rumours of looming fuel shortage

Updated 19 Nov, 2022 07:18pm

Debt relief requests won’t include commercial creditors: Miftah

NEW YORK: Pakistan’s finance minister said on Friday the South Asian nation was seeking debt relief from bilateral...

Updated 24 Sep, 2022 10:13am

Weak PKR exacts a toll on Wapda’s Eurobond as well

Value of $500 mn collected through bond depreciates to $312 mn

Updated 05 Aug, 2022 11:58am

Markets

Russia eyes gas-for-roubles template for foreign Eurobond payments

Russia is considering paying Eurobond holders by applying the mechanism it is using to process payments for its gas...

Published 30 May, 2022 08:56pm

Business & Finance

Rouble steadies near 104 vs dollar

MOSCOW: The Russian rouble steadied near 104 to the dollar on Monday and OFZ treasury bonds returned to trading,...

Published 22 Mar, 2022 05:21am

Wapda may delay issuance of second Eurobond till year-end

LAHORE: The Water and Power Development Authority (Wapda) is likely to delay issuance of the second $500 million...

Updated 20 Feb, 2022 09:06am

Pakistan issues $1bn sukuk

Inflow would boost the country’s foreign exchange reserves and help arrest the rupee slide

Updated 25 Jan, 2022 09:23am

Markets

Euro zone bond yields dip after "mixed bag" of Fed minutes

But minutes from the Federal Reserve's July meeting showed that policymakers in the United States felt the employment benchmark for decreasing support for the economy could be reached this year

Published 19 Aug, 2021 06:35pm

SBP’s reserves hit over 4-year high: $1bn Eurobond proceeds received

KARACHI: Pakistan has received foreign inflows amounting to $1 billion of Eurobond, issued by the federal government...

Published 15 Jul, 2021 02:26am

Forex reserves cross $24bn mark

KARACHI: Pakistan’s total liquid foreign currency reserves crossed the $24 billion mark during last week supported...

Published 09 Jul, 2021 03:17am

Editorials

Green Eurobond

EDITORIAL: Prime Minister Imran Khan while launching Pakistan’s first green 500 million dollar Eurobond (Indus...

Published 03 Jun, 2021 04:13am

Markets

Rouble strengthens on easing U.S. tensions, Russia taps global debt market

Brent crude oil, a global benchmark for Russia's main export, was down 0.8pc at $66.11 a barrel, falling for a third straight day, which did not stop Russian stocks indexes from advancing.

Published 20 May, 2021 11:15pm

Eurobond inflows push up forex reserves to $23bn

KARACHI: Pakistan’s total liquid foreign exchange reserves crossed $23 billion mark with the arrival of inflows of...

Published 16 Apr, 2021 03:40am

Markets

Euro area yields dip, focus back to supply with Irish 20-year bond

Ireland to sell 20-year bond as long-dated sales continue.
German 10-year yield falls after rising to four-week high.

Published 15 Apr, 2021 07:58pm

Markets

Dollar drops as traders prepare for inflation data

Dollar falters, extending losses last week.
US inflation data due on Tuesday.
Euro climbs above $1.19, sterling bounces off two-month low.

Published 12 Apr, 2021 05:38pm

Eurobond inflows: SBP receives $2.5bn

KARACHI: On Thursday night, Pakistan received inflows amounting to $2.5 billion of recently-launched Eurobonds. The...

Updated 09 Apr, 2021 09:17am

Opinion

In defence of Dr Hafeez Sheikh — II

But how ironic it is that Asad Umar who lost finance portfolio for opposing the IMF programme or its harsh...

Published 02 Apr, 2021 04:58am

BR Research

Eurobond issue: not half bad

Finally, Eurobonds have been issued, after waiting in the pipeline for a year or more. Over the past few months,...

Published 01 Apr, 2021 07:25am

Markets

PSX extends gains: BRIndex100 ends flat

KARACHI: Pakistan’s launch of Eurobond and raising funds from international market was warmly greeted by investors...

Published 01 Apr, 2021 04:10am

Business & Finance

Trading volumes in emerging hard-currency debt shrink 11pc

LONDON: Emerging market hard-currency debt trading volumes suffered double-digit declines in 2020 year-on-year,...

Published 30 Mar, 2021 05:45am

BR Research

MPS: Hawks at bay

The monetary policy announcement is tomorrow. Considering the SBP’s forward guidance in the previous policy ...

Published 18 Mar, 2021 07:25am

PTI govt’s environment policies recognised globally: PM

ISLAMABAD: Prime Minister Imran Khan Sunday said environment policies of Pakistan Tehreek-i-Insaf were being...

Published 15 Mar, 2021 05:22am

Markets

North Macedonia hails low interest rate for its 7-year 700mn euro Eurobond

"The bond is aimed to repay the maturing public debt ... and soothe the effects of the coronavirus crisis," Besimi said at a news conference carried live on Facebook.
"This rate, compared with others in the region, shows that North Macedonia remains attractive for investors," he said, adding the demand had doubled the amount on offer.

Published 04 Mar, 2021 06:42pm

BR Research

Bond market: Cat & mouse game

In the bond market, government had shown its cards in Jan 2021 auction by accepting bids at higher rates for 5Y and...

Published 09 Feb, 2021 07:25am

Editorials

Freeing capital flows

EDITORIAL: One important element behind attracting investment is the ease with which capital enters and exits a...

Published 22 Jan, 2021 04:47am

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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