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foreign debt

‘Foreign debt burden has increased to above $130bn’

LAHORE: “Pakistan has been pushed into a Debt Trap; new loans are being acquired to pay the old ones. The foreign...

Published 18 Oct, 2024 06:10am

Opinion

IMF is here to stay

The IMF and Pakistani authorities have reached a staff-level agreement on a 37-month Extended Fund Facility (EFF)...

Updated 20 Jul, 2024 06:00am

Pakistan

Rs9.775trn to be spent on debt servicing

ISLAMABAD: The country will spend around Rs 9.775 trillion on debt servicing including interest payments and...

Published 13 Jun, 2024 03:32am

Opinion

I’m not voting

None of the top politicians and political parties making promises about free houses and hundreds of electricity...

Updated 08 Feb, 2024 08:42pm

World

Sri Lanka raises taxes ahead of foreign debt deal

COLOMBO: Sri Lanka slapped a new 18 percent value added tax (VAT) on fuel, mobile phones and computers from Monday...

Published 01 Jan, 2024 10:49am

Shamshad says not in position to entertain any expenditure request

ISLAMABAD: Caretaker Finance Minister, Dr Shamshad Akhtar, has said that lack of fiscal discipline, increasingly...

Updated 04 Sep, 2023 09:41am

Markets

Sri Lanka to unveil domestic debt restructuring strategy this week

COLOMBO: Debt-laden Sri Lanka will unveil its domestic debt restructuring strategy this week, central bank chief P....

Published 25 Jun, 2023 10:49pm

Opinion

A catch-22 situation

Pakistan has got itself fully trapped in a catch-22 situation, which is an impossible predicament where you are...

Published 03 Jun, 2023 03:52am

Business & Finance

Business community worried over policy rate hike

KARACHI: Leaders and members of the United Business Group (UBG) have expressed their serious concern over the policy...

Published 29 Nov, 2022 07:00am

Around $17bn foreign debt incurred in FY22

Around $4.9 billion was taken from foreign commercial banks

Updated 26 Jul, 2022 10:00am

Opinion

Stop ‘subsidising’ banks and others

There are several indices that are used across the free world that rank individual countries on measures of economic...

Published 21 Jul, 2022 05:40am

Business & Finance

Foreign debt of $13.539bn incurred in 11 months

ISLAMABAD: Pakistan incurred foreign debt of $13.539 billion from multiple financing sources in the first 11 months...

Updated 29 Jun, 2022 10:30am

Pakistan

NA approves charged expenditure worth Rs27.886trn

ISLAMABAD: The National Assembly on Monday approved charged expenditure worth Rs27.886 trillion included in Demands...

Published 28 Jun, 2022 06:10am

World

India rushes food, medicine to bankrupt Sri Lanka

COLOMBO: Sri Lanka accepted a rice and pharmaceuticals shipment from neighbouring India Friday as the island nation...

Published 25 Jun, 2022 01:01am

Pakistan

Increased petrol prices to save economy: PM Shehbaz

Says people are facing inflation and unemployment due to flawed policies of PTI government

Published 29 May, 2022 07:51pm

Over $13bn debt incurred in 10 months: EAD

External inflows during the corresponding period (July-April) of fiscal year 2020-21 were $10.195 billion

Updated 24 May, 2022 09:55am

PTI govt procured $52bn loans; $36.05bn was repaid

In contrast, PML-N retired $27.07b in five years with borrowings clocking in at $49.76 billion

Updated 16 May, 2022 11:17am

Business & Finance

July-March 2021-22: Country incurs foreign debt of $12.767bn

ISLAMABAD: Pakistan incurred foreign debt of US 12.767 billion dollars from multiple financing sources in the first...

Published 21 Apr, 2022 05:26am

World

Bankrupt Sri Lanka begs diaspora to send cash

COLOMBO: Sri Lanka on Wednesday urged its citizens overseas to send home money to help pay for desperately needed...

Published 14 Apr, 2022 04:55am

World

Bankrupt Sri Lanka asks citizens abroad to send home cash

COLOMBO: Sri Lanka urged its citizens overseas to send home money to help pay for desperately needed food and fuel...

Updated 13 Apr, 2022 01:28pm

Opinion

Rising economic difficulties

At present Pakistan is facing grim crises. Regardless of the Supreme Court’s decision, the real question is ...

Published 08 Apr, 2022 05:28am

Business & Finance

Crisis-hit Sri Lanka seeks further $1bn credit line from India

COLOMBO: Sri Lanka has sought an additional credit line of $1 billion from India to import essentials amid its worst...

Published 29 Mar, 2022 05:49am

Business & Finance

$12.178bn foreign debt incurred in first 8 months of FY22

ISLAMABAD: Pakistan incurred foreign debt of $12.178 billion from multiple financing sources in the first eight...

Updated 26 Mar, 2022 10:48am

World

Sri Lanka restricts ‘luxuries’ as forex crisis worsens

COLOMBO: Sri Lanka on Wednesday tightened restrictions on a wide range of imports from whisky to kitchen appliances...

Published 10 Mar, 2022 06:30am

Business & Finance

Moody’s cuts Russia rating to Ca on rise in default risk

LONDON: Moody’s cut Russia’s credit rating to Ca on Sunday, the second-lowest rung of its ratings ladder, citing...

Published 07 Mar, 2022 06:07am

Business & Finance

IMF urges Sri Lanka to raise taxes, devalue currency

COLOMBO: The International Monetary Fund warned crisis-hit Sri Lanka on Thursday that its foreign debt was...

Published 04 Mar, 2022 04:37am

Business & Finance

Jul-Jan FY22: Foreign debt of $12.02bn incurred

ISLAMABAD: Pakistan incurred foreign debt of $12.02 billion from multiple financing sources in the first seven ...

Published 24 Feb, 2022 06:34am

Business & Finance

Jul-Dec: Pakistan incurs $9.432bn foreign debt

ISLAMABAD: Pakistan incurred foreign debt of $9.432 billion from multiple financing sources in the first half months...

Updated 26 Jan, 2022 12:10pm

Business & Finance

Fiscal year 2021-22: $4.7bn foreign debt incurred in first 5 months

ISLAMABAD: Pakistan incurred foreign debt of $4.7 billion from multiple financing sources in the first five months...

Updated 24 Dec, 2021 09:56am

Fitch downgrades Sri Lanka as default fears mount

COLOMBO: International ratings agency Fitch downgraded cash-strapped Sri Lanka Saturday due to mounting fears of a...

Published 19 Dec, 2021 04:37am

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
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

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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