Trends - IMF and Pakistan - Business Recorder

IMF and Pakistan

Tax culture

Tax-to-GDP ratio in Pakistan is singled out as the principal devil in the fiscal regime of Pakistan and termed as...

Published 25 Jan, 2025 06:52am

Business & Finance

Europe needs to take page out of US book: IMF

DAVOS, (Switzerland): With the European economy lagging behind the United States, the head of the International...

Published 25 Jan, 2025 06:22am

$20bn CPF an indicative figure: World Bank

Proposed Country Partnership Framework to run up to 10 years—with a Performance and Learning Review (PLR) in fiscal year 2030

Updated 24 Jan, 2025 09:34am

Opinion

Neoliberalism, IMF’s exceptional financing, & recidivist behaviour of programme countries — II

Notwithstanding a lack of revisionist policy taken by IMF with regard to Neoliberalism, and no apparent suggestion ...

Updated 23 Jan, 2025 06:51am

Ground-breaking of first Daanish School performed in AJK: PM explains how default averted

BHIMBER (AJK): Prime Minister Muhammad Shehbaz Sharif on Wednesday performed ground breaking of the first Daanish...

Updated 23 Jan, 2025 09:37am

Effective Jan 1, 2025: PD moves to raise power rates with new petition

Change intended to minimize consumer backlash over tariff increases

Updated 23 Jan, 2025 02:43pm

Pakistan

Pakistan ‘moving in the right direction,’ Aurangzeb asserts at WEF

Finance minister says govt focused on reducing expenditures, debt servicing volume

Updated 22 Jan, 2025 10:16pm

Wheat sector: Govt fast-tracks deregulation under IMF terms

Ministry of National Food Security and Research announces plans to organize a “National Workshop on Deregulating the Wheat Sector” to develop a comprehensive strategy

Updated 22 Jan, 2025 03:28pm

Business & Finance

Govt agrees terms for $1bn loan with 2 ME banks

DAVOS, (Switzerland): Pakistan has agreed terms for a $1 billion loan with two Middle Eastern banks at a 6%-7%...

Published 22 Jan, 2025 06:06am

Editorials

Protectionism and subsidies

EDITORIAL: The International Monetary Fund (IMF), in a report titled World Economic Outlook Update dated October...

Updated 22 Jan, 2025 06:12am

Pakistan

Pakistan says it has agreed $1 billion loan with two Middle East banks

Terms set at 6-7% interest rate as country continues to look at more financing

Updated 21 Jan, 2025 10:41pm

Opinion

Value of the rupee

The SBP has released the estimate of the Real Effective Exchange Rate (REER) Index of the rupee in December 2024. It...

Updated 21 Jan, 2025 06:47am

Opinion

Politics over economics

This is the second of a two-part series on Pakistani administration’s focus on domestic factors while ignoring...

Published 20 Jan, 2025 05:31am

IMF trims growth projection to 3pc

ISLAMABAD: The International Monetary Fund (IMF) has revised downward GDP growth rate projection for Pakistan to...

Updated 18 Jan, 2025 03:10pm

Opinion

Neoliberalism, IMF’s exceptional financing & recidivist behaviour of programme countries—I

Traditionally, Pakistan has been infamously called a ‘one-tranche’ country, which although is correct in the context...

Updated 17 Jan, 2025 03:41pm

Editorials

Debt and risk management committee

EDITORIAL: The World Bank in a recent report urged Pakistan to establish a permanent “Debt and risk management...

Published 17 Jan, 2025 02:56am

Markets

Aurangzeb pledges enhanced security for Chinese interests in Pakistan: Report

Pledges more cooperation with Beijing on next phase of China–Pakistan Economic Corridor

Updated 14 Jan, 2025 11:07pm

Opinion

Growth in exports

Pakistan’s merchandize exports have shown double-digit growth rate of 10.5 percent in the first half of 2024-25....

Published 14 Jan, 2025 03:12am

Editorials

Rise in home remittances

EDITORIAL: Remittances have soared by 33 percent to 17.845 billion dollars within the first half of the current...

Published 14 Jan, 2025 03:12am

Markets

Pakistan on track to meet IMF’s tax target, says Aurangzeb

Govt committed to widen, deepen tax base, adds finance minister

Updated 13 Jan, 2025 09:35pm

Opinion

Politics and economics

This is the first of a two-part series focusing on the symbiotic relationship between politics and economics, with...

Published 13 Jan, 2025 03:06am

Markets

IMF agreed for cleaning of PIACL’s Rs45 billion negative equity, NA panel told

Washington-based lender also gave its nod for removal of 18% GST on aircrafts, Standing Committee on Privatisation informed

Updated 09 Jan, 2025 10:43pm

Integration of economy: PM speaks of criticality of e-governance

Says Pakistan has attained favourable macroeconomic indicators

Updated 09 Jan, 2025 03:09pm

Editorials

Rollover of deposit by the UAE

EDITORIAL: Prime Minister Shehbaz Sharif informed the federal cabinet that the United Arab Emirates (UAE) has rolled...

Published 09 Jan, 2025 06:19am

Pakistan

Current tax slabs ‘prohibitive’ but IMF commitments will be honoured, says PM

Addresses business persons at Pakistan Stock Exchange in Karachi

Updated 08 Jan, 2025 10:44pm

Business & Finance

Ministries, allied depts: rightsizing finally in sight

ISLAMABAD: Federal Minister for Finance and Revenue Muhammad Aurangzeb, while announcing to abolish 150,000 vacant...

Published 08 Jan, 2025 06:26am

Business & Finance

UAE rolls over $2bn debt, PM tells cabinet

ISLAMABAD: In a significant fiscal relief as Prime Minister Shehbaz Sharif Tuesday said, the United Arab Emirates...

Published 08 Jan, 2025 06:26am

Pakistan

Rightsizing measures: govt to abolish 150,000 vacant posts, says Aurangzeb

Govt deliberating on reducing contingency posts

Updated 07 Jan, 2025 10:23pm

Pakistan

UAE rolls over $2bn loan, agrees to provide additional investment: PM

$2bn payment to UAE was due this month

Updated 07 Jan, 2025 10:00pm

Opinion

Review of the IMF programme

This is the appropriate time to review progress on implementation of the reforms committed to the IMF in the new IMF...

Updated 07 Jan, 2025 07:22am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 24	278.80
USD PKR Interbank Buying / Jan 24	278.60
USD to Japanese Yen / Jan 24	156
USD to Swiss Franc / Jan 24	0.91
Pound Sterling to USD / Jan 24	1.25
Euro to USD / Jan 24	1.05

Stock	Volume
S&P 500 / Jan 24	6,101.24
India Sensex / Jan 24	76,190.46
Tokyo Nikkei / Jan 24	39,931.98
Nasdaq / Jan 24	19,954.30
Hang Seng / Jan 24	20,066.19
FTSE 100 / Jan 24	8,502.35
Dow Jones / Jan 24	44,424.25
Germany DAX 30 / Jan 24	21,394.93

Item	Value
Crude Oil USD/Barrel / Jan 24	74.66
Karachi Cotton PKR/37.32 KG / Jan 24	18,485
Gold 10 Grams PKR / Jan 24	248,285
Gold Spot USD/Ounce / Jan 24	2,770.58
Cotton US¢/pound / Jan 24	67.61
Petrol/Litre / Jan 26	256.13

Gainers
Losers
Leaders

Stock	Price
Escorts Bank / Jan 24 Escorts Investment Bank Limited(ESBL)	6.79 ▲ 1.00 (17.27%)
Khalid Siraj / Jan 24 Khalid Siraj Textile Mills Limited(KSTM)	9.05 ▲ 0.95 (11.73%)
Agritech Limited / Jan 24 Agritech Limited(AGL)	52.46 ▲ 4.77 (10.00%)
Loads Limited / Jan 24 Loads Limited(LOADS)	18.92 ▲ 1.72 (10.00%)
Sardar Chemical / Jan 24 Sardar Chemical Industries Limited(SARC)	35.75 ▲ 3.25 (10.00%)
Leather Up Ltd. / Jan 24 Leather Up Limited(LEUL)	33.36 ▲ 3.03 (9.99%)
Shezan Inter. / Jan 24 Shezan International Limited(SHEZ)	148.17 ▲ 13.46 (9.99%)
Saritow Spinning / Jan 24 Saritow Spinning Mills Limited(SSML)	11.13 ▲ 1.01 (9.98%)
Ellcot Spinning / Jan 24 Ellcot Spinning Mills Limited(ELSM)	113.60 ▲ 10.30 (9.97%)

Stock	Price
Mandviwala / Jan 24 Mandviwala Mauser Plastic Industries(MWMP)	19.13 ▼ -2.12 (-9.98%)
Gulistan Sp. / Jan 24 Gulistan Spinning Mills Limited(GUSM)	9.84 ▼ -1.09 (-9.97%)
Zahid Jee Textile / Jan 24 Zahidjee Textile Mills Limited(ZAHID)	27.24 ▼ -2.97 (-9.83%)
Crescent Cotton / Jan 24 Crescent Cotton Mills Limited(CCM)	48.50 ▼ -5.02 (-9.38%)
Ashfaq Textile / Jan 24 Ashfaq Textile Mills Limited(ASHT)	14.15 ▼ -1.35 (-8.71%)
Dawood Lawrencepur / Jan 24 Dawood Lawrencepur Limited(DLL)	302.50 ▼ -19.20 (-5.97%)
Elahi Cot. / Jan 24 Elahi Cotton Mills Limited(ELCM)	105 ▼ -6.00 (-5.41%)
Hussain Industries / Jan 24 Husein Industries Limited(HUSI)	28.01 ▼ -1.41 (-4.79%)
The Thal Ind.Corp. / Jan 24 The Thal Industries Corporation Limited(TICL)	295.01 ▼ -13.99 (-4.53%)

Stock	Volume
Cnergyico PK / Jan 24 Cnergyico PK Limited(CNERGY)	143,693,542 ▼ -0.10
WorldCall Telecom / Jan 24 Worldcall Telecom Limited(WTL)	78,194,783 ▼ -0.01
Sui South Gas / Jan 24 Sui Southern Gas Company Limited(SSGC)	57,202,439 ▲ 3.90
Fauji Cement / Jan 24 Fauji Cement Company Limited(FCCL)	47,170,217 ▼ -0.65
Lotte Chemical / Jan 24 Lotte Chemical Pakistan Limited(LOTCHEM)	35,630,848 ▼ -0.46
Citi Pharma Ltd / Jan 24 Citi Pharma Ltd.(CPHL)	32,528,835 ▼ -2.50
The Searle Co. / Jan 24 The Searle Company Limited(SEARL)	26,563,258 ▲ 5.41
Maple Leaf Cement / Jan 24 Maple Leaf Cement Factory Limited(MLCF)	26,433,374 ▼ -0.94
Fauji Foods Ltd / Jan 24 Fauji Foods Limited(FFL)	22,111,604 ▼ -0.06

Markets →

Budget 2024-25: income tax calculator for FY25

IMF and Pakistan

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