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IMF deal

PM lauds China’s role in IMF deal

ISLAMABAD: Calling China an indispensable partner, Prime Minister Shehbaz Sharif on Wednesday described Beijing as...

Updated 17 Apr, 2025 09:09am

Pakistan

Talks on new programme continuing virtually with Pakistan, says IMF

The International Monetary Fund (IMF) said talks are “continuing virtually” with authorities in Islamabad towards...

Updated 07 Jun, 2024 10:54pm

Markets

Reversal in stance: SBP might opt for rate cut in upcoming MPC meeting, brokerage house says

The State Bank of Pakistan (SBP), scheduled to announce the key policy rate on June 10 (Monday), might opt for...

Updated 31 May, 2024 11:40pm

Pakistan

Pakistan, IMF mission begin discussions on further engagement

In a key development, Pakistan government and the visiting International Monetary Fund (IMF) mission began on Monday...

Published 13 May, 2024 09:55pm

Markets

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

Remarks come in staff report for the second and final review under $3-billion Stand-By Arrangement

Updated 11 May, 2024 08:08pm

Markets

Pakistan plans to issue green Sukuk bonds by December: Aurangzeb

Bonds will be utilised to finance sustainable development projects, finance minister says

Updated 10 May, 2024 10:56pm

Pakistan

PSO proposes swapping debt for stake in public sector companies

Everything will be done through competitive bidding and we will participate and if we win, the stakes will be offset against PSO’s receivables, says CEO Syed Muhammad Taha

Updated 09 May, 2024 10:28pm

Markets

Aurangzeb hopes PIA privatisation is finalised by July

Finance minister says IMF mission expected to arrive in Pakistan in the next seven to ten days

Updated 06 May, 2024 09:49pm

Business & Finance

IMF Executive Board approves final review of SBA, allows disbursement of $1.1bn for Pakistan

The International Monetary Fund (IMF) on Monday completed its final review of Pakistan’s economic reform programme...

Updated 30 Apr, 2024 09:11am

Pakistan

IMF Executive Board to meet April 29 on Pakistan’s SBA

Approval will pave way for inflow of nearly $1.1bn

Updated 24 Apr, 2024 10:30pm

Pakistan

Aurangzeb expects central bank reserves to be $9-10bn by FY24-end

Finance minister sees FY24 economic growth at 2.6%, higher than expectations of IMF and World Bank

Updated 23 Apr, 2024 06:46pm

Pakistan

Aurangzeb says IMF ‘very receptive’ in agreeing to ‘larger, longer programme’: report

Federal Minister for Finance Muhammad Aurangzeb has said Pakistan is on track to secure a new deal with the...

Published 22 Apr, 2024 03:39pm

Markets

‘Reform’ package more important than size of next programme, says IMF

The International Monetary Fund (IMF) urged Pakistani authorities to accelerate the pace of reforms, as the country...

Updated 19 Apr, 2024 10:13pm

Markets

Aurangzeb expects to avoid wild rupee devaluation as govt engages IMF: report

Finance minister categorically says he doesn't see need for 'step change' as Pakistan looks for another bailout from IMF

Updated 18 Apr, 2024 10:42pm

Markets

Letter to finance minister: APTMA calls for ‘export-centric’ policies

The All Pakistan Textile Mills Association (APTMA) has called for an “export-centric” programme, stressing that high...

Updated 17 Apr, 2024 05:48pm

Pakistan

US urges Pakistan to prioritise, expand economic reforms

State Dept spokesman says support for Pakistan's economic success is unwavering, and we will continue to engage with Pakistan through technical agreements

Updated 17 Apr, 2024 09:01pm

Pakistan

PM Shehbaz to meet Saudi crown prince on Riyadh visit

ISLAMABAD: Prime Minister Shehbaz Sharif will meet the Saudi crown prince during a two-day visit to Riyadh that...

Updated 05 Apr, 2024 10:14pm

Pakistan

UN expects Pakistan’s GDP growth to clock in at 2% in 2024, improve further in 2025

Pakistan’s real GDP growth rate is expected to clock in at 2% in 2024 and inch up marginally to 2.3% in 2025, a...

Updated 05 Apr, 2024 10:10pm

Pakistan

In absence of major, sustained reforms, Pakistan to continue facing liquidity issues: World Bank

Poverty reduction projected to stall in medium term due to weak growth, low real labour incomes, and persistently high inflation, says lender in 'Pakistan Development Update'

Updated 02 Apr, 2024 11:38pm

Pakistan

Aurangzeb eyes fresh staff-level agreement with IMF by end of this fiscal year

Finance minister says imposition of super tax, windfall tax not sustainable

Updated 29 Mar, 2024 10:37pm

World

IMF calls for ‘strong financial sector reforms’ in Switzerland

BERN: Switzerland needs “strong financial sector reforms” in the wake of the state-engineered rescue takeover of...

Published 28 Mar, 2024 05:51pm

Markets

Headline inflation projected to stand at around 20% in March

Consumer Price Index (CPI)-based inflation in Pakistan is expected to decline further and may clock in at around 20%...

Updated 28 Mar, 2024 08:38pm

Markets

KSE-100 settles at 67,142, highest closing in history

Experts attribute rally to advancement on privatisation and IMF fronts

Updated 28 Mar, 2024 09:16pm

Markets

‘Difficult, but necessary’: analysts weigh in on future with IMF

Believe tougher measures are likely to follow as Pakistan moves to 'successor medium-term Fund-supported programme'

Updated 20 Mar, 2024 10:17pm

Markets

Positive trend continues at PSX as Pakistan, IMF reach staff-level agreement

Stocks at the Pakistan Stock Exchange (PSX) maintained their bullish trend on Wednesday after the Pakistani...

Updated 20 Mar, 2024 10:20pm

Pakistan

Pakistan, IMF reach staff-level agreement on final review of $3bn SBA

Subject to IMF board approval, Pakistan will have access to around $1.1bn

Updated 20 Mar, 2024 10:07pm

Pakistan

2nd review under IMF’s Stand-By Arrangement: discussions on structural reforms, energy sector held

Pakistan Finance Minister Muhammad Aurangzeb discussed structural reforms and energy sector viability in a meeting...

Updated 14 Mar, 2024 10:25pm

Pakistan

Second review of SBA with IMF to begin from March 14: Ministry of Finance

Pakistan has met all Structural Benchmarks, Qualitative Performance Criteria and Indicative Targets for successful completion of the IMF review, says ministry

Updated 13 Mar, 2024 10:40pm

Pakistan

Muhammad Aurangzeb takes over as finance minister as speculation ends

On his arrival at ministry, former HBL CEO was welcomed by Secretary Finance and senior officials

Updated 11 Mar, 2024 10:29pm

Markets

KSE-100 ends week in green as IMF statements help sentiment

Stocks at the Pakistan Stock Exchange (PSX) closed the final session of the week on a high note amid statements by...

Updated 08 Mar, 2024 11:56pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 12	281.63
USD PKR Interbank Buying / May 12	281.43
USD to Japanese Yen / May 12	147.84
USD to Swiss Franc / May 12	0.84
Pound Sterling to USD / May 12	1.32
Euro to USD / May 12	1.11
UK LIBOR % / May 12	4.96

Stock	Volume
S&P 500 / May 12	5,844.19
India Sensex / May 12	82,429.90
Tokyo Nikkei / May 12	38,296.86
Nasdaq / May 12	18,708.34
Hang Seng / May 12	23,160.15
FTSE 100 / May 12	8,604.98
Dow Jones / May 12	42,410.10
Germany DAX 30 / May 12	23,566.54
France CAC40 / May 12	7,850.10

Item	Value
Crude Oil USD/Barrel / May 12	61.77
Karachi Cotton PKR/37.32 KG / May 12	16,985
Gold 10 Grams PKR / May 12	291,923
Gold Spot USD/Ounce / May 12	3,235.34
Cotton US¢/pound / May 12	67.13
Petrol/Litre / May 13	252.63
Diesel/Litre / May 13	256.64

Gainers
Losers
Leaders

Stock	Price
Grays Leasing / May 13 Grays Leasing Limited(GRYL)	4.78 ▲ 0.99 (26.12%)
Al-Shaheer Corp / May 13 Al Shaheer Corporation Limited(ASC)	6.73 ▲ 0.85 (14.46%)
Paramount Mod / May 13 First Paramount Modaraba(FPRM)	7.83 ▲ 0.97 (14.14%)
Burj Clean Energy Modaraba / May 13 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.11 ▲ 1 (12.33%)
Pak. P.V.C. / May 13 Pakistan PVC Limited(PPVC)	8.30 ▲ 0.9 (12.16%)
Gulshan Sp. / May 13 Gulshan Spinning Mills Limited(GSPM)	3.40 ▲ 0.35 (11.48%)
Ghazi Fabrics / May 13 Ghazi Fabrics International Limited(GFIL)	10.17 ▲ 1 (10.91%)
PIA Holding Co.Ltd / May 13 PIA Holding Company Limited(PIAHCLA)	14.80 ▲ 1.35 (10.04%)
Ashfaq Textile / May 13 Ashfaq Textile Mills Limited(ASHT)	14.59 ▲ 1.33 (10.03%)
Power Cem(Pref) / May 13 Power Cement (Pref)(POWERPS)	18.77 ▲ 1.71 (10.02%)

Stock	Price
Dewan Textile / May 13 Dewan Textile Mills Limited(DWTM)	5.16 ▼ -0.87 (-14.43%)
Khalid Siraj / May 13 Khalid Siraj Textile Mills Limited(KSTM)	6.70 ▼ -1 (-12.99%)
First Punjab Modaraba / May 13 First Punjab Modaraba(FPJM)	2.66 ▼ -0.39 (-12.79%)
EMCO Industries / May 13 Emco Industries Limited(EMCO)	37.62 ▼ -4.18 (-10%)
Blue-Ex Ltd / May 13 Blue-Ex Limited (GEM)(GEMBLUEX)	50.39 ▼ -5.43 (-9.73%)
Mughal Energy / May 13 Mughal Energy Limited(GEM)(GEMMEL)	19.90 ▼ -2.12 (-9.63%)
Elahi Cot. / May 13 Elahi Cotton Mills Limited(ELCM)	114 ▼ -11.84 (-9.41%)
First AL-Noor Mod. / May 13 First Al-Noor Modaraba(FANM)	2.90 ▼ -0.3 (-9.38%)
Bela Auto / May 13 Bela Automotives Limited(BELA)	130 ▼ -10.72 (-7.62%)
Equity Modaraba / May 13 First Equity Modaraba(FEM)	3 ▼ -0.24 (-7.41%)

Stock	Volume
Maple Leaf Cement / May 13 Maple Leaf Cement Factory Limited(MLCF)	20,033,963 ▲ 3.35
Pak Petroleum / May 13 Pakistan Petroleum Limited(PPL)	13,068,711 ▲ 11.25
Sui South Gas / May 13 Sui Southern Gas Company Limited(SSGC)	12,804,560 ▲ 0.79
Oil & Gas Dev. / May 13 Oil & Gas Development Company Limited(OGDC)	11,460,135 ▲ 8.8
B.O.Punjab / May 13 The Bank of Punjab(BOP)	11,174,964 ▼ -0.2
At-Tahur Ltd. / May 13 At-Tahur Limited(PREMA)	8,486,391 ▼ -1.61
Fauji Cement / May 13 Fauji Cement Company Limited(FCCL)	8,414,147 ▲ 0.69
Cnergyico PK / May 13 Cnergyico PK Limited(CNERGY)	8,281,295 ▼ -0.24
K-Electric Ltd. / May 13 K-Electric Limited(KEL)	7,421,034 ▼ -0.13
Sui North Gas / May 13 Sui Northern Gas Pipelines Limited(SNGP)	6,433,016 ▼ -4.93

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