Trends - Stand By Arrangement - Business Recorder

Stand By Arrangement

IMF chief flags issues that country needs to address

WASHINGTON: Pakistan is in discussions with the International Monetary Fund on a potential follow-up programme to...

Updated 13 Apr, 2024 03:10pm

Pakistan

IMF Executive Board meeting expected ‘late April’

IMF official says growth and confidence are continuing to recover in Pakistan

Updated 05 Apr, 2024 10:22pm

Pakistan

2nd review under IMF’s Stand-By Arrangement: discussions on structural reforms, energy sector held

Pakistan Finance Minister Muhammad Aurangzeb discussed structural reforms and energy sector viability in a meeting...

Updated 14 Mar, 2024 10:25pm

Markets

SBA: IMF awaits formation of PM Shehbaz's cabinet ahead of sending mission for 2nd review

In press briefing, Julie Kozak, Director of Communications, says focus is on completion of current Stand-By Arrangement, IMF 'stands ready' to send mission

Updated 08 Mar, 2024 11:30pm

Markets

Country report: IMF expresses satisfaction over Pakistan’s SBA performance

Says all but one of 7 QPCs for end-September were met, and while ceiling on general government primary budget deficit was missed, deviation was minor and accounted for by technical factors

Published 20 Jan, 2024 08:56pm

Pakistan

IMF Executive Board completes 1st review under SBA: finance ministry

Development allows for immediate disbursement of $700mn

Published 11 Jan, 2024 10:11pm

Markets

IMF updates schedule: Executive Board to discuss Pakistan on January 11

The International Monetary Fund (IMF) included Pakistan on its Executive Board agenda on January 11, 2024, according...

Updated 01 Jan, 2024 07:53pm

NAC lowers FY23 growth rate to -0.17pc

ISLAMABAD: The National Accounts Committee (NAC) has revised the GDP growth rate downward for the fiscal year...

Updated 29 Nov, 2023 09:19am

Inflation will go down gradually, says Shamshad

Effective policies of the caretaker government were resulting in improvement in the economic conditions, adds caretaker finance minister

Updated 25 Nov, 2023 05:34pm

Editorials

MPS: Will IMF need to recalibrate its expectations?

EDITORIAL: In a surprise move, the Monetary Policy Committee (MPC) left the policy rate unchanged at 22 percent,...

Published 02 Aug, 2023 06:47am

SBA provides a breathing space: US

Pakistan should continue to work with the IMF, says US Principal Deputy Assistant Secretary of State for South and Central Asia

Updated 24 Jul, 2023 09:51am

Opinion

Fair elections and economic stability

“Gross financing needs are very large, mostly due to large debt service payments, while external market financing...

Published 21 Jul, 2023 07:08am

Opinion

Pakistan’s lifeline restored by IMF

Pakistan and IMF (International Monetary Fund) have reached a $3 billion Stand-By Arrangement (SBA) to help the...

Updated 16 Jul, 2023 06:37am

Economic stability: SBA to anchor govt’s instant efforts: IMF

ISLAMABAD: Resolving Pakistan’s structural challenges will likely require continued reforms over the medium term to...

Updated 15 Jul, 2023 05:17pm

Editorials

IMF SBA, finally

EDITORIAL: The International Monetary Fund (IMF) board approved the 3 billion dollar Stand-By Arrangement (SBA) to...

Published 14 Jul, 2023 06:38am

First tranche of SBA: IMF transfers $1.2bn to SBP account: Dar

ISLAMABAD: The International Monetary Fund (IMF) has transferred $1.2 billion to the State Bank of Pakistan (SBP) —...

Updated 14 Jul, 2023 09:14am

UN chief helped Pakistan secure IMF deal

ISLAMABAD: The United Nations Secretary General Antonio Manuel de Oliveira Guterres, played a key role in the...

Updated 14 Jul, 2023 11:16am

Expectedly, IMF board approves $3bn 9-mth SBA

The Board’s approval allows for immediate disbursement of about US$1.2 billion

Updated 13 Jul, 2023 10:05am

Saudi deposits land just prior to key event

Pakistan receives deposits of $2 billion from Saudi Arabia

Updated 12 Jul, 2023 08:54am

IMF Board scheduled to consider $3bn SBA today

IMF, according to media reports, has reportedly accepted $8.2 billion financing gap plan presented by the Ministry of Finance

Updated 12 Jul, 2023 10:13am

Fitch upgrades rating on improved external liquidity

ISLAMABAD: Fitch Ratings has upgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to “CCC”...

Updated 11 Jul, 2023 09:02am

Key objectives under new programme: To govt’s chagrin, IMF team calls on PTI chairman

ISLAMABAD/ LAHORE: The International Monetary Fund (IMF) has approached major political parties in Pakistan,...

Updated 08 Jul, 2023 08:56am

Basis for fixation of base tariff: Rupee could hit 325 mark vs dollar by June 2024: PD

ISLAMABAD: The Power Division is said to have projected that Pak rupee could touch Rs 325 per US$ by June 2024,...

Updated 07 Jul, 2023 09:03am

Pakistan

Financial support from friendly countries: PM heaps praise on army chief

ISLAMABAD: Prime Minister Shehbaz Sharif has termed the $3 billion nine-month Stand-By Arrangement (SBA) with the...

Published 04 Jul, 2023 05:07am

Govt’s LoI to IMF contains 9 major assurances

Pakistan assures that no new tax amnesty would be granted during the next nine months

Updated 04 Jul, 2023 09:52am

IMF deal to support macroeconomic stability: Moody’s

ISLAMABAD: Moody’s Investors Service (Moody’s) Monday said that Pakistan’s new deal with the International Monetary...

Updated 04 Jul, 2023 09:06am

Business & Finance

TMA leader hails Pakistan’s $3bn SBA with IMF

KARACHI: The Senior Vice Chairman of the Towel Manufacturers Association of Pakistan Syed Usman Ali welcomed the...

Published 04 Jul, 2023 05:07am

Editorials

IMF: We have to pay the price we deserve to pay

EDITORIAL: While specific details of precisely what are the prior conditions that the government has agreed to in ...

Updated 04 Jul, 2023 05:45am

Markets

Pakistan dollar bonds extend rally fuelled by IMF deal

LONDON: Pakistan sovereign dollar-bonds rose as much as 1 cent on Monday, building on last week’s gains in the wake...

Updated 03 Jul, 2023 07:08pm

Editorials

Living up to our own track record

EDITORIAL: We have yet again failed to complete an IMF programme, which perhaps was the toughest one for the...

Published 03 Jul, 2023 06:04am

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%)
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%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)

Stock	Price
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
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%)
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 ▼ -0.18
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▼ -0.21
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	63,839,122 ▼ -0.56
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▲ 0.06
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.05
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 ▼ -0.36
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	36,550,771 ▼ -0.37
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	34,442,081 ▲ 1.01

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