Trends - IMF loan - Business Recorder

IMF loan

‘No hiccups’: finance ministry reaffirms commitment to IMF programme, refutes speculation

Statement comes after report that Pakistan was facing some issues with IMF programme over meeting some conditions

Updated 03 Dec, 2024 09:35pm

Business & Finance

Sri Lanka kicks off much-delayed $12.5bn bond deal

COLOMBO: Sri Lanka said Tuesday it would honour a deal secured by its predecessor to restructure $12.55 billion in...

Published 28 Nov, 2024 07:26am

Markets

Pakistan discusses $7bn bailout reform agenda with IMF in unusual talks

Reforms in taxation, energy sector, privatisation of loss-making SOEs and public finance came under discussion, finance minister says

Updated 17 Nov, 2024 11:18pm

Markets

IMF calls for reduced govt intervention, energy reforms in Pakistan’s economy

Washington-based lender's mission led by Nathan Porter states conclusion of a staff visit to Pakistan from November 12 to 15, 2024

Updated 16 Nov, 2024 04:30pm

IMF team to check progress on EFF shortly

IMF staff to visit Pakistan on November 11

Updated 07 Nov, 2024 03:26pm

Markets

Stay the course on reforms, IMF urges Pakistan

Remarks come as Pakistan delegation meets Middle East and Central Asia Department (MCD) Director Jihad Azour on sidelines of IMF, World Bank annual meetings in Washington

Updated 22 Oct, 2024 10:53pm

Pakistan

Pakistan’s accelerated access to capital markets: Alvarez & Marsal team outlines steps

Alvarez & Marsal team has outlined steps for Pakistan to chart an accelerated path to international capital...

Updated 22 Oct, 2024 11:29pm

Markets

‘Living standards’: Pakistan lagging behind regional peers, says IMF

The International Monetary Fund (IMF) said Pakistan has “moved further and further behind” its regional peers in...

Updated 11 Oct, 2024 09:21pm

Markets

IMF flags risks to Pakistan’s repayment capacity

In staff report, lender says risks, notably from high public debt and gross financing needs, low gross reserves and sociopolitical factors, could jeopardise policy implementation and erode repayment capacity and debt sustainability

Updated 11 Oct, 2024 10:31pm

Business & Finance

IMF loan not sufficient to overcome challenges: UBG patron-in-chief

HYDERABAD: SM Tanveer, Patron in chief of the United Businessmen Group (UBG), stated that Pakistan has entered into ...

Published 06 Oct, 2024 02:44am

Business & Finance

SBP’s reserves hit 2-1/2-year high

KARACHI: The State Bank of Pakistan’s foreign exchange reserves have surpassed the $10 billion mark, reaching...

Published 04 Oct, 2024 06:46am

Opinion

Qarz Mubarak!

There is jubilation all around in government circles, The IMF has agreed on a $ 7 billion loan package at 5% per...

Published 03 Oct, 2024 07:14am

Pakistan

Key priorities highlighted by IMF for Pakistan’s $7bn Extended Fund Facility

In a key development, the International Monetary Fund (IMF) Executive Board approved Pakistan’s 37-month Extended...

Published 28 Sep, 2024 05:25pm

Pakistan

IMF urges Pakistan to ‘move away’ from state-led growth model, calls for structural reforms

Officials note that given ambitious growth projections, there is no room for policy slippages without undermining debt sustainability

Updated 28 Sep, 2024 07:32pm

Opinion

IMF lending: tougher tasks lie ahead

The International Monetary Fund (IMF), upon securing all pre-conditions, announced this week the approval of the...

Updated 28 Sep, 2024 08:21am

Business & Finance

SBP receives over $1bn first tranche of IMF loan

KARACHI: Pakistan, on Friday received over $1 billion inflows as the first tranche of a long-term loan from the IMF,...

Published 28 Sep, 2024 07:16am

Pakistan

PM Shehbaz engages World Bank, IMF leaders on Pakistan’s economic reforms

Expresses appreciation for IMF's technical assistance and capacity-building programs

Updated 27 Sep, 2024 11:33pm

IMF refutes it asked Pakistan to seek loan at 11pc from commercial bank

ISLAMABAD: The International Monetary Fund (IMF) has stated that it did not ask Pakistan to get a commercial loan...

Updated 27 Sep, 2024 10:04am

Markets

Despite progress, Pakistan’s vulnerabilities, structural challenges remain formidable: IMF

In its press release issued after Executive Board approval, IMF says difficult business environment, weak governance, and outsized role of the state hinder investment

Updated 26 Sep, 2024 08:51pm

Markets

KSE-100 plummets as IMF euphoria makes way for economic reality

An initial buying spree made way for selling pressure as investors took a stock of Pakistan’s economic condition...

Updated 26 Sep, 2024 09:55pm

Pakistan

Pakistan’s economy on a sound path, says IMF chief after Executive Board approval

Kristalina Georgieva congratulates people of Pakistan for moving forward with home-defined, country-owned reforms

Updated 26 Sep, 2024 10:16pm

Finally, $7bn EFF approved by IMF board

First loan tranche of nearly $1.1 billion is likely to be received by September 30

Updated 26 Sep, 2024 02:21pm

Pakistan

IMF Executive Board approves Pakistan’s $7bn bailout package: PMO

As part of 37-month programme, IMF will immediately release an initial tranche of $1.1bn, Prime Minister's Office says

Updated 25 Sep, 2024 11:18pm

Pakistan

IMF-backed reform agenda to accelerate Pakistan’s economic growth in FY25: ADB

In its Asian Development Outlook, Manila-based lender sees Pakistan's growth to grow by moderate 2.8% in FY25

Updated 25 Sep, 2024 10:52pm

$7bn IMF EFF: Board likely to do the needful

Is all set to consider Pakistan’s 37-month Extended Fund Facility Arrangement today

Updated 25 Sep, 2024 11:49am

PM says people have endorsed ‘sound economic policies’

LONDON: Prime Minister Shehbaz Sharif on Sunday said that the public had rejected the politics of chaos and instead...

Updated 23 Sep, 2024 08:45am

Opinion

Economic resilience and IMF surcharges

‘Supporters of the surcharges argue that the additional fees discourage debtors from borrowing excessively from ...

Updated 20 Sep, 2024 08:29am

Markets

Led by select stocks, KSE-100 pushes past 80,000 with 970-point gain

It was select positivity at the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 Index, led by buying activity...

Updated 18 Sep, 2024 06:32pm

Executive Board meeting notified: IMF to take $7bn EFF on its agenda on 25th

ISLAMABAD: The International Monetary Fund (IMF) has formally notified that the Executive Board would consider...

Updated 17 Sep, 2024 01:48pm

Opinion

All eyes on IMF’s $7bn EFF

The grant of subsidies and tax incentives by the government are two measures that never escape a reprimand by the...

Updated 14 Sep, 2024 07:58am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 3	277.92
USD PKR Interbank Buying / Dec 3	277.72
USD to Japanese Yen / Dec 3	150.01
USD to Swiss Franc / Dec 3	0.89
Pound Sterling to USD / Dec 3	1.27
Euro to USD / Dec 3	1.05

Stock	Volume
S&P 500 / Dec 2	6,047.15
Nasdaq / Dec 2	19,403.95
Dow Jones / Dec 2	44,782
India Sensex / Dec 3	80,853.10
Tokyo Nikkei / Dec 3	39,248.86
Hang Seng / Dec 3	19,694.44
FTSE 100 / Dec 3	8,345.09
Germany DAX 30 / Dec 3	20,011.64

Item	Value
Gold 10 Grams PKR / Dec 2	235,340
Petrol/Litre / Dec 3	252.10
Crude Oil USD/Barrel / Dec 3	68.37
Karachi Cotton PKR/37.32 KG / Dec 3	17,685
Gold Spot USD/Ounce / Dec 3	2,645.88
Diesel/Litre / Dec 3	258.43

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 3 786 Investments Limited(786)	7.30 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 3 Al-Abbas Sugar Mills Limited(AABS)	630 ▼ 0.00 (0.00%)
Agro Allianz / Dec 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 3 Ali Asghar Textile Mills Limited(AATM)	67.69 ▼ 0.00 (0.00%)
Allied Bank / Dec 3 Allied Bank Limited(ABL)	150 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 3 Abbott Laboratories (Pakistan) Limited(ABOT)	1,118.68 ▼ 0.00 (0.00%)
Abson Ind. / Dec 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 3 Alfalah Consumer Index ETF.(ACIETF)	13.14 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 3 786 Investments Limited(786)	7.30 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 3 Al-Abbas Sugar Mills Limited(AABS)	630 ▲ 0.00 (0.00%)
Agro Allianz / Dec 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 3 Ali Asghar Textile Mills Limited(AATM)	67.69 ▲ 0.00 (0.00%)
Allied Bank / Dec 3 Allied Bank Limited(ABL)	150 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 3 Abbott Laboratories (Pakistan) Limited(ABOT)	1,118.68 ▲ 0.00 (0.00%)
Abson Ind. / Dec 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 3 Alfalah Consumer Index ETF.(ACIETF)	13.14 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Dec 3 Worldcall Telecom Limited(WTL)	213,514,857 ▲ 0.00
Cnergyico PK / Dec 3 Cnergyico PK Limited(CNERGY)	196,907,321 ▲ 0.00
Fauji Foods Ltd / Dec 3 Fauji Foods Limited(FFL)	68,325,507 ▲ 0.00
K-Electric Ltd. / Dec 3 K-Electric Limited(KEL)	66,212,972 ▲ 0.00
Sui South Gas / Dec 3 Sui Southern Gas Company Limited(SSGC)	65,264,278 ▲ 0.00
B.O.Punjab / Dec 3 The Bank of Punjab(BOP)	61,288,845 ▲ 0.00
Hascol Petrol / Dec 3 Hascol Petroleum Limited(HASCOL)	49,268,731 ▲ 0.00
Pak Int.Bulk / Dec 3 Pakistan International Bulk Terminal(PIBTL)	46,902,495 ▲ 0.00
Fauji Cement / Dec 3 Fauji Cement Company Limited(FCCL)	31,910,059 ▲ 0.00

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