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Murtaza Syed

Pakistan engulfed in world’s ‘deadliest debt trap’, says former SBP governor

Dr Murtaza Syed says prudent route would be to reprofile Pakistan’s debt so that resources can be freed up to spend on development and the climate

Published 29 Jun, 2024 08:29pm

Editorials

The govt debt

EDITORIAL: State Bank of Pakistan (SBP) has uploaded government debt figures on its website that support the view of...

Updated 22 Aug, 2023 06:48am

Opinion

Economy: we need medication to correct account acidity

On February 19, 2023 there was an article on Bloomberg titled China’s Debt Noose Could Strangle Pakistan by Mihir...

Published 09 Mar, 2023 06:23am

Pakistan

Pakistan will need another IMF programme in June: Dr Murtaza Syed

Calls Pakistan's economic crisis the worst in history steered by domestic and global reasons

Updated 24 Feb, 2023 05:53pm

Opinion

Pakistan: grave economic distress

On 26 January 2023 inanely shackling the dollar to what was nothing but wishful thinking ended and the interbank ...

Published 13 Feb, 2023 05:57am

Pakistan

IMF talks: Leaving without agreement 'not uncommon', says former SBP deputy governor

Dr Murtaza Syed says Pakistan should reach an agreement with the IMF within a month

Updated 10 Feb, 2023 01:59pm

SBP seeks feeder-wise data of power consumers

ISLAMABAD: State Bank of Pakistan (SBP) has sought feeder-wise data of electricity consumers to be used to project...

Updated 10 Jan, 2023 09:03am

Business & Finance

Interest rate in 2022: climbing the hill as Pakistan's macroeconomic concerns bite

Policy rate rose from 9.75% in January to a multi-decade high of 16% in November

Updated 29 Dec, 2022 12:02am

Govt getting $4bn as bonds take battering after floods: SBP

KARACHI: Additional financial international commitments to Pakistan in the wake of devastating floods will offset ...

Updated 11 Oct, 2022 09:59am

Markets

Barring Sri Lanka: Pakistan's rupee worst performer in region during 2022

Posts depreciation of 17.5% YTD despite 10 sessions of gains

Published 15 Aug, 2022 06:43pm

Opinion

Economy: the muddling of fact and fiction

The strengthening of the stock market and the rupee - from a high of over 240 on 30 July 2014 to less than 214 this...

Published 15 Aug, 2022 05:41am

Opinion

Acute food inflation and a shallow global policy leadership response

The ‘Food security’ update recently released by World Bank indicated a very difficult food inflation situation...

Published 05 Aug, 2022 06:27am

Editorials

‘Unwarranted’ market perceptions

EDITORIAL: Acting Governor State Bank of Pakistan, Murtaza Syed, while responding to a foreign news agency in ...

Published 26 Jul, 2022 04:31am

Pakistan not among most vulnerable countries: SBP

SBP team engaged with global institutions to overcome adversities in international economic environment

Updated 25 Jul, 2022 09:55am

Country’s financing needs fully met for this year: SBP

SBP acting governor says ‘unwarranted’ market concerns will dissipate in weeks
‘Pakistan responded to external pressures faster than Sri Lanka’
Terms IMF programme an ‘important anchor’ for Pakistan

Updated 24 Jul, 2022 09:03am

Pakistan

SBP says concerns about Pakistan 'unfairly overblown'

Acting Governor Dr Murtaza Syed says country being unfairly branded with other countries that are much more vulnerable

Updated 22 Jul, 2022 05:20pm

Editorials

The woeful PKR slide

EDITORIAL: The loss of 6.79 rupees to the dollar in one day has sent shock waves not only amongst the economic team...

Published 21 Jul, 2022 05:40am

Editorials

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 21	280.32
USD PKR Interbank Buying / Mar 21	280.12
USD to Japanese Yen / Mar 21	149.53
USD to Swiss Franc / Mar 21	0.88
Pound Sterling to USD / Mar 21	1.29
Euro to USD / Mar 21	1.08
UK LIBOR % / Mar 20	4.96

Stock	Volume
S&P 500 / Mar 20	5,662.89
Nasdaq / Mar 20	17,691.63
FTSE 100 / Mar 20	8,701.99
Dow Jones / Mar 20	41,953.32
Germany DAX 30 / Mar 20	22,999.15
France CAC40 / Mar 20	8,094.20
India Sensex / Mar 21	77,008.58
Tokyo Nikkei / Mar 21	37,677.06
Hang Seng / Mar 21	23,724.55

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 20	17,285
Gold 10 Grams PKR / Mar 20	275,034
Petrol/Litre / Mar 21	255.63
Crude Oil USD/Barrel / Mar 21	68.24
Gold Spot USD/Ounce / Mar 21	3,029.66
Diesel/Litre / Mar 21	258.64
Cotton US¢/pound / Mar 21	65.76

Gainers
Losers
Leaders

Stock	Price
Ist.Capital Sec / Mar 21 First Capital Securities Corporation(FCSC)	1.75 ▲ 0.27 (18.24%)
Bunnys Limited / Mar 21 Bunnys Limited(BNL)	23.16 ▲ 2.11 (10.02%)
Lalpir Power / Mar 21 Lalpir Power Limited(LPL)	29.32 ▲ 2.67 (10.02%)
S.S.Oil / Mar 21 S.S.Oil Mills Limited(SSOM)	122.16 ▲ 11.11 (10%)
Sally Textile / Mar 21 Sally Textile Mills Limited(SLYT)	11 ▲ 1 (10%)
Bela Auto / Mar 21 Bela Automotives Limited(BELA)	166.87 ▲ 15.17 (10%)
Suraj Cotton / Mar 21 Suraj Cotton Mills Limited(SURC)	122.32 ▲ 11.12 (10%)
Agritech Limited / Mar 21 Agritech Limited(AGL)	73.59 ▲ 6.69 (10%)
Nishat Mills Ltd / Mar 21 Nishat Mills Limited(NML)	117.76 ▲ 10.71 (10%)
Diamond Ind. / Mar 21 Diamond Industries Limited(DIIL)	27.96 ▲ 2.54 (9.99%)

Stock	Price
Khyber Textile / Mar 21 Khyber Textile Mills Limited(KHYT)	435.56 ▼ -47.57 (-9.85%)
Hafiz Ltd. / Mar 21 Hafiz Limited(HAFL)	253.95 ▼ -27.73 (-9.84%)
Noon Sugar / Mar 21 Noon Sugar Mills Limited(NONS)	73 ▼ -6.57 (-8.26%)
Sindh Abadgar / Mar 21 Sindh Abadgar's Sugar Mills Limited(SASML)	51.03 ▼ -4.08 (-7.4%)
Ellcot Spinning / Mar 21 Ellcot Spinning Mills Limited(ELSM)	110 ▼ -8.64 (-7.28%)
Tariq Corp.Pref. / Mar 21 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.5 (-6.67%)
IbrahimFibres / Mar 21 Ibrahim Fibres Limited(IBFL)	354 ▼ -21.28 (-5.67%)
Khalid Siraj / Mar 21 Khalid Siraj Textile Mills Limited(KSTM)	9 ▼ -0.53 (-5.56%)
Sindh Modaraba / Mar 21 Sindh Modaraba(SINDM)	10.90 ▼ -0.6 (-5.22%)
Elahi Cot. / Mar 21 Elahi Cotton Mills Limited(ELCM)	133 ▼ -7.05 (-5.03%)

Stock	Volume
Cnergyico PK / Mar 21 Cnergyico PK Limited(CNERGY)	163,976,906 ▼ -0.19
B.O.Punjab / Mar 21 The Bank of Punjab(BOP)	45,899,654 ▼ -0.03
Pak Refinery / Mar 21 Pakistan Refinery Limited(PRL)	45,149,230 ▼ -0.83
Sui South Gas / Mar 21 Sui Southern Gas Company Limited(SSGC)	25,173,748 ▲ 0.27
Fauji Foods Ltd / Mar 21 Fauji Foods Limited(FFL)	24,328,788 ▲ 0.48
PIA Holding Co.Ltd / Mar 21 PIA Holding Company Limited(PIAHCLA)	19,984,659 ▼ -0.79
Pak Elektron / Mar 21 Pak Elektron Limited(PAEL)	19,229,211 ▼ -0.03
Pak Int.Bulk / Mar 21 Pakistan International Bulk Terminal(PIBTL)	18,221,041 ▼ -0.23
WorldCall Telecom / Mar 21 Worldcall Telecom Limited(WTL)	17,981,776 ▼ -0.01
Hub Power Co. / Mar 21 The Hub Power Company Limited(HUBC)	14,711,439 ▼ -1.32

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Murtaza Syed

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