Trends - IMF and Pakistan - Business Recorder

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اردو

May 13, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

IMF and Pakistan

Imran Khan to write letter to IMF about ‘election rigging’, says Barrister Ali Zafar

Such organisations work in countries where there is good governance and democracy and for that free and fair polls are must, says PTI leader

Updated 22 Feb, 2024 10:30pm

Default, then?

Opinion

Default, then?

Fitch’s doubts about securing a post-SBA (Stand-By Arrangement) IMF lifeline show that even leading IFIs...

Published 22 Feb, 2024 06:55am

Economic priorities for the incoming govt

Opinion

Economic priorities for the incoming govt

Pakistan has entered a pivotal phase of governance following its recent general elections, as a new government takes...

Published 21 Feb, 2024 05:29am

‘An (in)credible election!’

Opinion

‘An (in)credible election!’

This is apropos a Business Recorder op-ed “An (in)credible election!” carried by the newspaper yesterday. That...

Published 21 Feb, 2024 05:29am

Lack of empathy

Editorials

Lack of empathy

EDITORIAL: As Pakistan’s economic team leaders claim that stabilisation of the economy has been achieved citing a...

Published 21 Feb, 2024 05:29am

Pakistan’s economy – way forward for 2024-25

Opinion

Pakistan’s economy – way forward for 2024-25

Further to my article in Business Recorder in February 2023 titled “Redefining Pakistan’s Economy” that entailed a...

Published 20 Feb, 2024 03:09am

If the political news is grim, the economic news is often worse

Opinion

If the political news is grim, the economic news is often worse

It is now increasingly clear that threats to the prospects of next International Monetary Fund (IMF) programme have...

Published 20 Feb, 2024 03:09am

Targets in the PML-N manifesto

Opinion

Targets in the PML-N manifesto

The manifesto of the Pakistan Muslim League-Nawaz (PML-N) contains a set of key macroeconomic targets from 2023-24 ...

Published 20 Feb, 2024 03:09am

An (in)credible election!

Opinion

An (in)credible election!

The 2024 elections have aroused a perfect storm of allegations of gerrymandering, rigging and manipulation of...

Published 20 Feb, 2024 03:09am

LSMI growth

Editorials

LSMI growth

EDITORIAL: Pakistan Bureau of Statistics provided the quantum indices of Large Scale Manufacturing Industries (LSMI)...

Published 20 Feb, 2024 03:09am

Election outcome in Pakistan ‘may complicate’ new IMF deal: Fitch

Markets

Election outcome in Pakistan ‘may complicate’ new IMF deal: Fitch

Pakistan’s vulnerable external position means securing financing from multilateral and bilateral partners will be 'one of the most urgent issues on the agenda for the next government'

Updated 19 Feb, 2024 10:25pm

Economic morass is visibly deepening

Opinion

Economic morass is visibly deepening

March 15 was the date agreed for the second and final staff-level agreement (SLA) on the ongoing nine-month 3 ...

Published 19 Feb, 2024 05:24am

Forget growth for four years, follow IMF programme in letter and spirit to fix economy: Miftah Ismail

Pakistan

Forget growth for four years, follow IMF programme in letter and spirit to fix economy: Miftah Ismail

KARACHI: Pakistan has for the last two to three years approached the International Monetary Fund (IMF) and agreed to...

Published 17 Feb, 2024 10:27pm

Country at the crossroads

Opinion

Country at the crossroads

The election held on Feb 8th in Pakistan threw up a number of surprises with a significant shift in the country’s...

Published 17 Feb, 2024 05:51am

Approaching an ‘augmented’ IMF programme

Opinion

Approaching an ‘augmented’ IMF programme

What is likely to happen if the country goes into another International Monetary Fund (IMF, or simply the ...

Published 16 Feb, 2024 06:02am

Bridging the huge tax gap

Opinion

Bridging the huge tax gap

The new coalition federal government will soon be in power, after controversial elections of February 8 2024,...

Published 16 Feb, 2024 06:02am

Moody’s alarming prediction

Editorials

Moody’s alarming prediction

EDITORIAL: Moody’s is the first international rating agency that has commented on Pakistan’s post-election...

Published 16 Feb, 2024 06:02am

Unprotected gas consumers to bear the brunt

Print

Unprotected gas consumers to bear the brunt

ISLAMABAD: Protected consumers face a gradual increase in tariff slabs (Rs. 80-100/MMBtu) with a cross subsidy of Rs...

Updated 16 Feb, 2024 08:36am

Negative sentiment returns to PSX as KSE-100 loses over 1,100 points

Markets

Negative sentiment returns to PSX as KSE-100 loses over 1,100 points

Rising political volatility took a toll on the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 lost over 1.8%...

Updated 15 Feb, 2024 09:36pm

‘Latest IMF projections’

Opinion

‘Latest IMF projections’

This is apropos a Business Recorder op-ed “Latest IMF projections” carried by the newspaper on Tuesday. The...

Published 15 Feb, 2024 05:39am

Moody’s speaks of elevated political uncertainty

Print

Moody’s speaks of elevated political uncertainty

Prolonged delays in formation of govt will increase policy and political uncertainty at a time when it faces very challenging macroeconomic conditions

Updated 15 Feb, 2024 11:56am

Hike in gas prices approved by ECC

Print

Hike in gas prices approved by ECC

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved an increase in gas prices effective...

Updated 15 Feb, 2024 08:42am

IMF and PDM 2.0

BR Research

IMF and PDM 2.0

The new government will likely be formed under a PDM set up. Chances are that without public support, economic...

Published 14 Feb, 2024 08:49am

SIFC can manage it all

Editorials

SIFC can manage it all

EDITORIAL: Renowned economist, Dr Hafeez A Pasha, has told Business Recorder that the Special Investment ...

Published 14 Feb, 2024 02:34am

KSE-100 stages dramatic recovery after falling below 60k

Markets

KSE-100 stages dramatic recovery after falling below 60k

Turns a corner after plunging over 1,450 points in opening few minutes of trading

Updated 13 Feb, 2024 09:35pm

Latest IMF projections

Opinion

Latest IMF projections

The Staff Report of the IMF on the First Review under the Stand-By Arrangement was released on the 19th of January...

Published 13 Feb, 2024 05:59am

Economic turmoil could worsen

Editorials

Economic turmoil could worsen

EDITORIAL: Moody’s Investor Services’ warning that a timely announcement of the election results is crucial for...

Published 13 Feb, 2024 05:59am

PM says IMF has no issue with sell-off process

Print

PM says IMF has no issue with sell-off process

Pakistan is continuing talks with the IMF, adds the caretaker PM

Updated 13 Feb, 2024 10:06am

IMF not onboard with energy ministry’s tariff rationalisation, circular debt management plans

Markets

IMF not onboard with energy ministry’s tariff rationalisation, circular debt management plans

Mission Chief Nathan Porter says circular debt ‘reduction plan’ entails fiscal risks given chain of transactions involved and would also continue use of supplementary grants

Updated 13 Feb, 2024 10:33pm

New govt will have to introduce long-term financing plan: Moody’s

Business & Finance

New govt will have to introduce long-term financing plan: Moody’s

ISLAMABAD: The newly-elected government will have to put in place a long-term financing plan to meet its very large...

Published 10 Feb, 2024 05:48am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 10	278.14
USD PKR Interbank Buying / May 10	277.97
USD to Japanese Yen / May 10	155.78
USD to Swiss Franc / May 10	0.91
Pound Sterling to USD / May 10	1.25
Euro to USD / May 10	1.08

Stock	Volume
S&P 500 / May 10	5222.68
India Sensex / May 10	72664.47
Tokyo Nikkei / May 10	38229.11
Nasdaq / May 10	16340.87
Hang Seng / May 10	18963.68
FTSE 100 / May 10	8433.76
Dow Jones / May 10	39512.84
Germany DAX 30 / May 10	18772.85

Item	Value
Crude Oil USD/Barrel / May 10	78.26
Gold Spot USD/Ounce / May 10	2360.50
Cotton US¢/pound / May 10	77.31
Karachi Cotton PKR/37.32 KG / May 11	19935
Gold 10 Grams PKR / May 11	208762
Petrol/Litre / May 13	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 13 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 13 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 13 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 13 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 13 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 13 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 13 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 13 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 13 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 13 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 13 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 13 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 13 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 13 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 13 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 13 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 13 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 13 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 13 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 13 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 13 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 13 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 13 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 13 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 13 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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There will be no new fuel subsidy or cross-subsidy schemes: Govt makes firm pledge to IMF

There will be no new fuel subsidy or cross-subsidy schemes: Govt makes firm pledge to IMF

NJLI Sarmaya Growth Fund Rates

Gold price per tola jumps Rs4,600 in Pakistan

Gold price per tola jumps Rs4,600 in Pakistan

MBS’s visit put off for ‘time being’

MBS’s visit put off for ‘time being’

Supplies by importers: Reduced rate of 1-4pc for purpose of tax withholding likely

Supplies by importers: Reduced rate of 1-4pc for purpose of tax withholding likely

Islamabad seeks Chinese assistance for completion of two hydropower projects

Islamabad seeks Chinese assistance for completion of two hydropower projects

Finance Minister says no such thing as strategic state-owned enterprises

Finance Minister says no such thing as strategic state-owned enterprises

‘Cost-side reforms’: IMF says Pakistan needs to revisit terms of power purchase agreements

‘Cost-side reforms’: IMF says Pakistan needs to revisit terms of power purchase agreements

Wind projects: KE’s Dhabeji grid station, NTDC line to reduce power cuts: PPIB

Wind projects: KE’s Dhabeji grid station, NTDC line to reduce power cuts: PPIB