Trends - IMF progamme - Business Recorder

IMF progamme

‘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 04 Dec, 2024 10:05pm

Editorials

External borrowing

EDITORIAL: Data released by the Economic Affairs Division indicates that foreign inflows for the first four months ...

Published 01 Dec, 2024 03:13am

Opinion

Issues in reaching needed level of climate finance, and fast

The current, widely-practiced model of Neoliberalism, and within it over-board recourse to monetary and fiscal...

Published 22 Nov, 2024 03:03am

Pakistan

Aurangzeb says Pakistan has secured debt rollover commitments from China, Saudi Arabia and UAE

Development gives boost to economy that awaits Executive Board approval from the IMF ahead of $7-billion bailout

Updated 06 Aug, 2024 10:25pm

Business & Finance

Sri Lanka needs to raise fiscal revenue to maintain stability, IMF says

Sri Lanka must make further efforts to raise fiscal revenue if it is to maintain economic stability and restore debt...

Published 02 Aug, 2024 01:32pm

Opinion

Challenging gross financing requirements

Pakistan is about to enter into an Extended Fund Facility (EFF) programme with the International Monetary Fund...

Updated 02 Aug, 2024 06:17am

Opinion

Next IMF programme is not going to be easy

The IMF review is ongoing, and it’s likely to sail through, as all the quantitative targets have been met. The...

Updated 06 Nov, 2023 06:06am

Pakistan

Dr Shamshad reaffirms Pakistan’s commitment to working closely with IMF

Statement from Finance Division comes as IMF Mission begins talks in Islamabad for review of $3 billion Stand-by-Arrangement

Published 02 Nov, 2023 09:37pm

Markets

Open-market: rupee inches upward against US dollar

The Pakistani rupee registered marginal improvement against the US dollar in the open market on Friday, while the...

Updated 27 Oct, 2023 07:42pm

Markets

Inter-bank: rupee sees fifth consecutive decline against US dollar

Currency depreciates 0.17% on Friday

Updated 27 Oct, 2023 07:41pm

Markets

Goldman’s analysts say Pak rupee rally to be ‘short lived’: report

Analysts at Goldman Sachs Group Inc, a global investment bank and financial services company, have warned that gains...

Updated 26 Oct, 2023 10:44pm

Editorials

The trainwreck that is PIA

EDITORIAL: It seems the time has come for the curtain to fall on PIA (Pakistan International Airlines) – the...

Published 26 Oct, 2023 06:08am

Markets

Brokerage house AHL expects KSE-100 to provide upside of 24% in FY24

AHL says KSE-100 could power past 56,000 level by June 2024

Updated 15 Jul, 2023 11:52pm

Pakistan

IMF’s Executive Board meeting on Pakistan set for July 12

The Fund is set to discuss a nine-month stand-by arrangement for Pakistan as the previous Extended Fund Facility expired on June 30

Updated 06 Jul, 2023 09:55am

Markets

SBP-held foreign exchange reserves rise $533mn, stand at $4.07bn

Increase comes on back of realisation of $300 million proceeds of government of Pakistan’s commercial loan

Published 03 Jul, 2023 09:06pm

Pakistan

Moody’s, Fitch see lingering risks despite Pakistan-IMF deal: report

Pakistan is staring at $25bn debt repayment in fiscal year 2023-24, and a widening current account deficit could pose problems

Published 03 Jul, 2023 08:16pm

Markets

Component-wise breakdown of petrol price in Pakistan

Government raises PDL to Rs55 per litre to fulfil key condition of IMF

Published 01 Jul, 2023 01:40pm

Business & Finance

SBP raises key policy rate by 100bps to 22% after ‘emergency meeting’

Cites upward revisions in taxes, duties and PDL in FY24 budget and lifting of import restrictions as factors that slightly deteriorate inflation outlook

Updated 26 Jun, 2023 08:10pm

Markets

Cash-strapped Sri Lanka to restructure domestic debt

COLOMBO: Sri Lankan authorities have declared a five-day closure of financial markets from Thursday ahead of a...

Published 26 Jun, 2023 11:38am

Markets

Rupee registers slight improvement, settles at 286.71

Currency appreciates 0.01% in inter-bank market

Updated 26 Jun, 2023 07:10pm

Markets

Pakistan stocks rally over IMF hope, KSE-100 up nearly 1,400 points

Share prices surge as passage of revised budget measures rekindles hope of IMF programme revival, removal of import restrictions also boosts sentiment

Updated 26 Jun, 2023 08:08pm

Govt revisits Budget FY24: A last-ditch effort to secure stalled IMF tranche

Finance Minister Ishaq Dar says changes in the budget made after PM Shehbaz's meeting with IMF MD

Updated 25 Jun, 2023 07:23pm

Markets

IMF’s criticism of Pakistan’s budget raises default odds: Bloomberg

If IMF aid doesn’t come this month, it expects growth to be much weaker in fiscal 2024 than the current forecast of 2.5%

Updated 19 Jun, 2023 08:07pm

Pakistan

Pakistan’s time being wasted, says Dar in reference to delay in IMF funding

Says global institutions want Pakistan to default like Sri Lanka and then enter negotiations

Updated 15 Jun, 2023 10:25pm

Pakistan

IMF comes down hard on Pakistan’s budget proposals

Says draft misses opportunity to broaden tax base in progressive way
Criticises new tax amnesty scheme that runs against IMF programme’s conditionality/governance agenda, and creates a damaging precedent

Updated 15 Jun, 2023 09:00am

Editorials

Missed tax target

EDITORIAL: Bad news continues to flow in for the finance ministry as it turns out that FBR (Federal Board of ...

Published 03 Jun, 2023 03:52am

Pakistan

'Doomsday scenario past us': PM says 'sincere' efforts being made to address economic challenges

Premier says Pakistan is working with friends and partners to bridge the financing gaps where needed

Published 29 May, 2023 10:23pm

Business & Finance

FY24: PBC urges govt to set ‘realistic’ tax target for FBR

ISLAMABAD: Pakistan Business Council (PBC) has asked the government to set a realistic tax target for the Federal...

Published 12 May, 2023 05:59am

Pakistan

IMF deal taking time due to delay in assurance from friendly nation: Ishaq Dar

Says he cancelled his US trip on the request of PM Shehbaz, will attend IMF-World Bank spring meetings virtually

Updated 08 Apr, 2023 09:14pm

Business & Finance

Sri Lanka central bank holds rates to temper inflation

COLOMBO: Sri Lanka’s central bank kept its interest rates unchanged on Tuesday in the face of stubbornly high...

Published 04 Apr, 2023 05:21pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	1.05
USD to Swiss Franc / Dec 17	0.90
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	154.09

Stock	Volume
S&P 500 / Dec 16	6,074.08
Nasdaq / Dec 16	20,173.89
Dow Jones / Dec 16	43,717.48
India Sensex / Dec 17	80,962.81
Tokyo Nikkei / Dec 17	39,364.68
Hang Seng / Dec 17	19,777.10
FTSE 100 / Dec 17	8,214.43
Germany DAX 30 / Dec 17	20,290.76

Item	Value
Gold 10 Grams PKR / Dec 16	243,059.70
Crude Oil USD/Barrel / Dec 17	70.82
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold Spot USD/Ounce / Dec 17	2,654.67
Cotton US¢/pound / Dec 17	69.11
Petrol/Litre / Dec 18	252.10

Gainers
Losers
Leaders

Stock	Price
Dadabhoy Cement / Dec 17 Dadabhoy Cement Industries Limited(DBCI)	7.11 ▲ 1.00 (16.37%)
First Capital Equities / Dec 17 First Capital Equities Limited(FCEL)	6.74 ▲ 0.82 (13.85%)
Oilboy Energy / Dec 17 Oilboy Energy Limited(OBOY)	10.45 ▲ 1.00 (10.58%)
LSE Financial Serv. / Dec 17 LSE Financial Services Limited(LSEFSL)	18.32 ▲ 1.67 (10.03%)
Air Link Com. / Dec 17 Air Link Communication Limited(AIRLINK)	208.93 ▲ 18.99 (10.00%)
Data Agro / Dec 17 Data Agro Limited(DAAG)	126.58 ▲ 11.51 (10.00%)
Fazal Cloth / Dec 17 Fazal Cloth Mills Limited(FZCM)	179.55 ▲ 16.32 (10.00%)
Land Mark Spinning / Dec 17 Landmark Spinning Industries Limited(LMSM)	63.91 ▲ 5.81 (10.00%)
Pak Datacom / Dec 17 Pak Datacom Limited(PAKD)	94.49 ▲ 8.59 (10.00%)

Stock	Price
Tri-Star Power / Dec 17 Tri-Star Power Limited(TSPL)	5.51 ▼ -0.74 (-11.84%)
Gulshan Sp. / Dec 17 Gulshan Spinning Mills Limited(GSPM)	4.19 ▼ -0.51 (-10.85%)
Sanghar Sugar / Dec 17 Sanghar Sugar Mills Limited(SANSM)	32.02 ▼ -3.56 (-10.01%)
Aisha Steel (CPS) / Dec 17 Aisha Steel Mills Limited (CPS)(ASLCPS)	20.17 ▼ -2.24 (-10.00%)
Chakwal Spinning / Dec 17 Chakwal Spinning Mills Limited(CWSM)	53.72 ▼ -5.97 (-10.00%)
Leiner Pak Gelat / Dec 17 Leiner Pak Gelatine Limited(LPGL)	126.67 ▼ -14.07 (-10.00%)
Mari Petroleum / Dec 17 Mari Petroleum Company Limited(MARI)	809.76 ▼ -89.97 (-10.00%)
Quetta Textile / Dec 17 Quetta Textile Mills Limited(QUET)	17.73 ▼ -1.97 (-10.00%)
Fateh Ind. / Dec 17 Fateh Industries Limited(FIL)	120.57 ▼ -13.37 (-9.98%)

Stock	Volume
WorldCall Telecom / Dec 17 Worldcall Telecom Limited(WTL)	403,228,918 ▼ -0.06
Pak Elektron / Dec 17 Pak Elektron Limited(PAEL)	107,379,306 ▲ 3.33
Cnergyico PK / Dec 17 Cnergyico PK Limited(CNERGY)	59,584,754 ▼ -0.06
B.O.Punjab / Dec 17 The Bank of Punjab(BOP)	57,023,129 ▲ 0.59
Pak Refinery / Dec 17 Pakistan Refinery Limited(PRL)	55,947,968 ▲ 3.65
Sui South Gas / Dec 17 Sui Southern Gas Company Limited(SSGC)	42,917,218 ▲ 1.17
PIA Holding Co.Ltd / Dec 17 PIA Holding Company Limited(PIAHCLA)	36,337,248 ▲ 1.16
Fauji Foods Ltd / Dec 17 Fauji Foods Limited(FFL)	33,958,478 ▼ -0.28
Hub Power Co. / Dec 17 The Hub Power Company Limited(HUBC)	33,067,460 ▲ 11.97

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