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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 / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
Dow Jones / Dec 17	43,449.90
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71
Hang Seng / Dec 18	19,857.31
FTSE 100 / Dec 18	8,222.99
Germany DAX 30 / Dec 18	20,267.35

Item	Value
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.42 (10.37%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
Attock Cement / Dec 18 Attock Cement Pakistan Limited(ACPL)	259.27 ▲ 23.57 (10.00%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)

Stock	Price
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Synthetic Prod / Dec 18 Synthetic Products Enterprises Limited(SPEL)	45.89 ▼ -5.10 (-10.00%)
Biafo Ind. / Dec 18 Biafo Industries Limited(BIFO)	198.85 ▼ -22.08 (-9.99%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.34
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	67,234,901 ▼ -0.51
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	60,136,151 ▲ 0.13
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.00
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	46,669,770 ▼ -0.33
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.67
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.46
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	36,858,206 ▲ 1.01

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Murtaza Syed

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