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SDRs

Review of the IMF programme

This is the appropriate time to review progress on implementation of the reforms committed to the IMF in the new IMF...

Updated 07 Jan, 2025 07:22am

Opinion

Trump, global economy, and a world of polycrisis

The last time Donald Trump was in office, the world was in the midst of a global pandemic, and the cost of living ...

Updated 08 Nov, 2024 08:38am

Opinion

IMF’s risk assessment: eyes half shut

The first coronavirus outbreak – SARS – in the shape of epidemic happened around the beginning of this century....

Published 18 Oct, 2024 06:41am

Opinion

IMF programme: a mixed bag of economic consequences

In the statement released by International Monetary Fund (IMF) on September 27, it indicated that it had approved a...

Updated 04 Oct, 2024 08:29am

Opinion

Planning educational emergency

‘What the best and wisest parents wants for his own child, that must the community want for all of its children....

Published 17 May, 2024 05:50am

World

IMF board approves members to channel reserve assets to MDBs for hybrid instruments

WASHINGTON: The International Monetary Fund on Wednesday announced that its executive board has approved members to...

Published 15 May, 2024 09:49pm

Opinion

Immediate economic priorities for the incoming government

The new government that comes into office will have its work sharply cut out as far as the economic challenges are...

Published 09 Feb, 2024 03:29am

Opinion

Some important economic policy questions

The first important policy question facing policymakers is how much role aggregate demand plays in determining...

Published 22 Dec, 2023 05:22am

Opinion

Misplaced optimism about economy

Given elections are scheduled for early February, a few months into 2024 spring will bring into public life a new...

Published 15 Dec, 2023 03:12am

Opinion

IMF’s policy needs deeper political economic thinking

‘“Escalating protests in Pakistan against rising costs linked to IMF demands, which follow similar protests in...

Published 02 Oct, 2023 07:03am

Opinion

Economic policy by the interim govt

Given Pakistan is facing very difficult economic challenge, mainly in the shape of bringing debt sustainability, on...

Updated 18 Aug, 2023 06:22am

Opinion

Inequality, poverty, and austerity — II

Unfortunately, both the IMF and individual countries practicing these, in or outside of the IMF programme, are not...

Published 22 Jul, 2023 06:25am

Opinion

Climate change crisis and multilateralism

‘I played a key role as chair of the African Union during the Covid period. We felt like we were beggars when it...

Updated 07 Jul, 2023 06:04am

Opinion

Global economic crisis: Neoliberalism, debt sustainability, SDRs, and multilateralism

The global economy is facing existential threats of climate change and Pandemicene crises. The underlying basis for...

Updated 26 May, 2023 07:12am

Opinion

Economic stress

Since around September 2021, and especially since April last year, economic stress has come to Pakistan from a ...

Updated 12 May, 2023 06:33am

Opinion

Serious economic crisis due to austerity policies, and weak multilateralism

Inadequate provision of International Monetary Fund’s (IMF’s) special drawing rights (SDRs) to Pakistan, like in...

Updated 07 Apr, 2023 06:32am

Opinion

SDR allocation, monetary tightening, inflation, and banking crisis

While the International Monetary Fund (IMF) continues to not provide a much-needed special drawing rights (SDRs)...

Published 31 Mar, 2023 06:45am

Opinion

Understanding austerity

There is a general confusion in Pakistan, whereby austerity policies are taken as belt-tightening in terms of...

Published 10 Mar, 2023 03:46am

Opinion

Developing countries’ lost decade?

Global average temperatures have reached 1.2 degrees centigrade above the pre-industrial era, and most scientific...

Updated 03 Mar, 2023 06:58am

Opinion

Debt relief for developing countries

When the Covid pandemic was declared by the World Health Organization (WHO) back in early 2020, a number of...

Published 17 Feb, 2023 06:00am

Opinion

2023: year of non-neoliberal, non-austerity, counter-cyclical reform policy

Agreed, Pakistan’s credit default swap (CDS) risk has increased substantially during the current year, that it has...

Updated 30 Dec, 2022 06:28am

Opinion

IMF policy needs a serious rethink

The first major jolt to the International Monetary Fund’s (IMF’s) thinking regarding pursuing austerity policy...

Published 16 Dec, 2022 05:58am

Opinion

Contradictions in economic policy stance and a way forward

In its policy prescription, the International Monetary Fund (IMF) has been pushing Pakistan for adopting procyclical...

Updated 09 Dec, 2022 06:32am

Editorials

IMF programme: a shabby muddle

EDITORIAL: Credible reports emanating from the Ministry of Finance reveal that the International Monetary Fund (IMF)...

Published 05 Dec, 2022 06:00am

Opinion

Floods, debt, and SDRs

Pakistan is facing unprecedented floods of a profoundly catastrophic nature. While 3 million livestock have died in...

Published 30 Sep, 2022 05:52am

Opinion

Improvement in balance of payments

The balance of payments for the month of August 2022 shows a visible improvement. Not only has the current account...

Published 27 Sep, 2022 04:06am

Govt seeks more SDRs from IMF to propel economy

Minister for Finance Miftah Ismail holds virtual meeting with IMF Mission Chief Nathan Porter

Updated 19 May, 2022 10:32am

Opinion

Controlling inflation and financing deficits — I

In April 2020, International Monetary Fund (IMF) managing director (MD) had reportedly called the Covid pandemic a...

Published 14 May, 2022 04:05am

Markets

US Republicans urge Yellen to block Russia from exchanging IMF reserves

WASHINGTON: US Treasury Secretary Janet Yellen must block Russia from exchanging the $17 billion in International...

Updated 01 Mar, 2022 12:56pm

Opinion

The rising govt debt

The SBP has released the data on the level of gross government debt as of the end of November 2021. It stands at Rs...

Published 18 Jan, 2022 04:20am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 23	278.71
USD PKR Interbank Buying / Jan 23	278.56
USD to Japanese Yen / Jan 23	156.57
USD to Swiss Franc / Jan 23	0.91
Pound Sterling to USD / Jan 23	1.23
Euro to USD / Jan 23	1.04

Stock	Volume
S&P 500 / Jan 22	6,086.37
Nasdaq / Jan 22	20,009.34
FTSE 100 / Jan 22	8,545.13
Dow Jones / Jan 22	44,156.73
Germany DAX 30 / Jan 22	21,254.27
France CAC40 / Jan 22	7,837.40
India Sensex / Jan 23	76,579.87
Tokyo Nikkei / Jan 23	40,000.30

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 22	18,485
Gold 10 Grams PKR / Jan 22	246,440
Petrol/Litre / Jan 23	256.13
Crude Oil USD/Barrel / Jan 23	75.19
Gold Spot USD/Ounce / Jan 23	2,754.03
Diesel/Litre / Jan 23	260.95

Gainers
Losers
Leaders

Stock	Price
Leather Up Ltd. / Jan 23 Leather Up Limited(LEUL)	30.33 ▲ 2.76 (10.01%)
Pak Gen.Ins. / Jan 23 The Pakistan General Insurance Co. Ltd.(PKGI)	8.68 ▲ 0.79 (10.01%)
Sindh Abadgar / Jan 23 Sindh Abadgar's Sugar Mills Limited(SASML)	45 ▲ 4.00 (9.76%)
Fateh Sports / Jan 23 Fateh Sports Wear Limited(FSWL)	86 ▲ 7.43 (9.46%)
Parmount Sp. / Jan 23 Paramount Spinning Mills Limited(PASM)	4.80 ▲ 0.41 (9.34%)
Arpak Int. / Jan 23 Arpak International Investments Ltd.(ARPAK)	76.50 ▲ 6.31 (8.99%)
Shadman Cotton / Jan 23 Shadman Cotton Mills Limited(SHCM)	37.84 ▲ 3.10 (8.92%)
Suhail Jute / Jan 23 Suhail Jute Mills Limited(SUHJ)	111.80 ▲ 8.80 (8.54%)
Idrees Tex. / Jan 23 Idrees Textile Mills Limited(IDRT)	14.75 ▲ 1.13 (8.30%)

Stock	Price
TPL Life Insur. / Jan 23 TPL Life Insurance Limited(TPLL)	46.06 ▼ -4.94 (-9.69%)
Ashfaq Textile / Jan 23 Ashfaq Textile Mills Limited(ASHT)	14 ▼ -1.50 (-9.68%)
ZIL Limited / Jan 23 ZIL Limited(ZIL)	228 ▼ -23.95 (-9.51%)
Jubilee Spinning / Jan 23 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	10 ▼ -1.04 (-9.42%)
Gulistan Sp. / Jan 23 Gulistan Spinning Mills Limited(GUSM)	11 ▼ -1.13 (-9.32%)
Sapphire Textile / Jan 23 Sapphire Textile Mills Limited(SAPT)	1,116.06 ▼ -108.70 (-8.88%)
Supernet Tech. / Jan 23 Supernet Technologies Limited(STL)	870.10 ▼ -77.29 (-8.16%)
Punjab Oil / Jan 23 Punjab Oil Mills Limited(POML)	146.01 ▼ -11.64 (-7.38%)
Mehmood Tex / Jan 23 Mehmood Textile Mills Limited(MEHT)	620 ▼ -49.00 (-7.32%)

Stock	Volume
WorldCall Telecom / Jan 23 Worldcall Telecom Limited(WTL)	100,218,430 ▲ 0.01
Cnergyico PK / Jan 23 Cnergyico PK Limited(CNERGY)	96,976,679 ▲ 0.09
Fauji Cement / Jan 23 Fauji Cement Company Limited(FCCL)	83,552,040 ▲ 1.85
Bank Makramah / Jan 23 Bank Makramah Limited(BML)	30,547,553 ▲ 0.05
Lotte Chemical / Jan 23 Lotte Chemical Pakistan Limited(LOTCHEM)	22,252,279 ▲ 0.84
Citi Pharma Ltd / Jan 23 Citi Pharma Ltd.(CPHL)	20,405,719 ▲ 3.90
Fauji Foods Ltd / Jan 23 Fauji Foods Limited(FFL)	18,649,899 ▲ 0.01
D.G.K.Cement / Jan 23 D.G. Khan Cement Company Limited(DGKC)	16,695,919 ▲ 1.71
Power Cement / Jan 23 Power Cement Limited(POWER)	16,191,532 ▲ 0.31

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