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Zambia

IMF to provide Zambia with $184mn as board review completed

WASHINGTON: The International Monetary Fund said on Monday its executive board completed a review that would provide...

Published 17 Dec, 2024 12:39pm

Markets

Sri Lanka’s bondholders sign off on $12.55bn debt overhaul

Sri Lanka’s bondholders signed off on the government’s proposal to restructure its $12.55 billion of international...

Published 17 Dec, 2024 10:34am

Business & Finance

IMF reaches staff agreement with Zambia for $185.5 million disbursement

WASHINGTON: The International Monetary Fund said on Monday that it reached a staff-level agreement for the fourth...

Published 12 Nov, 2024 11:55am

World

As poor nations’ default wave peaks, cash shortage could take its place

LONDON: The punishing post-COVID wave of sovereign defaults has finally crested, with the likes of Ghana, Sri Lanka...

Updated 22 Oct, 2024 04:31pm

Business & Finance

Zambia’s debt-rework battle scars mar its Common Framework success

LONDON: Zambia’s deal with bondholders this week suggests it will finally emerge from more than three years in...

Published 30 Mar, 2024 04:58am

World

Zambia’s president confirms creditor agreement with China and India

LUSAKA: Zambian President Hakainde Hichilema said on Saturday that his country had signed a long-awaited official...

Published 24 Feb, 2024 07:37pm

Sports

Much-fancied Morocco enjoy strong start at AFCON

ABIDJAN: Shock 2022 World Cup semi-finalists Morocco cruised to a 3-0 win over 10-man Tanzania as they opened their...

Published 18 Jan, 2024 11:51am

Sports

Morocco under pressure to repeat World Cup heroics at AFCON

ABIDJAN: Morocco set new standards for African football just over 12 months ago at the Qatar World Cup but the...

Published 10 Jan, 2024 12:56pm

World

Zambia signs debt deal with creditors: IMF chief

MARRAKESH: Zambia has signed a debt deal with its foreign lenders, the IMF’s chief announced Thursday, providing...

Published 12 Oct, 2023 08:38pm

World

Egypt arrests journalist after report on smuggling case

CAIRO: Egyptian authorities have arrested journalist Karim Asaad after his fact-checking service had published...

Published 21 Aug, 2023 06:58am

Sports

Putellas ready for Spain’s second World Cup outing against ‘dangerous’ Zambia

AUCKLAND: Spain are expecting anything but a walk in the park when they face Zambia in their second Women’s World...

Published 25 Jul, 2023 10:09am

Sports

Zambia focused on football ahead of first Women’s World Cup campaign

Zambia will be focusing resolutely on the football in their first appearance at the Women’s World Cup, captain...

Published 12 Jul, 2023 11:02am

World

Zambia seals $6.3bn restructuring in breakthrough for developing nations

PARIS: Zambia has struck a deal to restructure $6.3 billion in debt owed to other governments, including China,...

Published 23 Jun, 2023 01:16pm

Markets

Pakistan bonds advance after Zambia clinches debt restructuring deal: report

Pakistan’s 8.25% 2024 bond was indicated climbing half a cent to about 50 cents on the dollar, reported Bloomberg

Updated 23 Jun, 2023 02:59pm

World

IMF: Zambia needs bilateral debt relief to secure next payout

LUSAKA: The next International Monetary Fund (IMF) payout to Zambia from a total loan of $1.3 billion is contingent...

Published 06 Apr, 2023 05:23pm

Business & Finance

Zambia Chamber chief visits FCCI offices, woos potential investors

FAISALABAD: Africa is poised to emerge as a new global economic destination and Pakistan must contemplate ...

Published 03 Mar, 2023 07:19am

World

G20 meeting in India: where debt-ridden countries including Pakistan are in focus

LONDON: Meetings being held in India will see top officials from the Group of 20 leading economies discuss how to...

Published 24 Feb, 2023 10:17pm

World

IMF sees broad outline of deal with China on Zambian debt: Georgieva

LUSAKA: The head of the International Monetary Fund said on Tuesday that it had reached an understanding in...

Published 24 Jan, 2023 05:00pm

Markets

Kenyan shilling, Nigerian naira, Zambian kwacha seen under pressure

NAIROBI: Kenya’s shilling, Nigeria’s naira and Zambia’s kwacha are expected to remain under pressure against the...

Published 19 Jan, 2023 05:36pm

World

UN experts to contribute in Zambian lead poisoning case

JOHANNESBURG: A top South African court on Friday granted UN experts a role in proceedings against Anglo American,...

Published 25 Nov, 2022 06:26pm

World

Zambia debt relief pledge clears way for $1.4bn program, says IMF

JAKARTA/LONDON: Zambia’s creditors pledged to negotiate a restructuring of the country’s debts on Saturday, a move...

Published 30 Jul, 2022 07:14pm

Markets

Zambia finmin says IMF programme needed for orderly debt restructuring

LUSAKA: An orderly debt restructuring process for Zambia will be extremely difficult to achieve without an...

Published 06 May, 2022 01:48pm

Sports

Liverpool’s Keita pulls out of Guinea squad with knee injury

Liverpool midfielder Naby Keita has pulled out of the Guinea squad for their international friendlies with South...

Published 22 Mar, 2022 12:15pm

World

Swashbuckling adventure novelist Wilbur Smith dies aged 88

JOHANNESBURG: Zambian-born bestselling adventure author Wilbur Smith has died at his home in South Africa after a...

Published 15 Nov, 2021 05:24am

Markets

Zambian president to meet IMF, World Bank in Washington

President Hakainde Hichilema's spokesman, Anthony Bwalya, in a statement issued from New York, did not say when the meetings would take place

Published 23 Sep, 2021 11:29am

World

'Cattle boy' millionaire: Zambia's new president

The veteran opposition politician made six bids for the presidency before finally landing the top job in a landslide

Published 24 Aug, 2021 09:26am

World

Zambia's opposition leader Hichilema wins presidential vote at sixth bid

With 155 of 156 constituencies reporting, official results showed Hichilema had captured a landslide of 2,810,757 votes against 1,814,201 for President Edgar Lungu

Published 16 Aug, 2021 09:59am

World

Zambia gears up for tense economy-dominated vote

LUSAKA: Campaigning was winding up Wednesday on the eve of Zambia’s tightly fought presidential and legislative...

Published 12 Aug, 2021 04:34am

World

Zambia's former president Kaunda hospitalised: official

Kaunda ruled Zambia for 27 years, taking the helm after the country gained independence from Britain in October 1964.

Published 14 Jun, 2021 07:34pm

Markets

Glencore losses deepen on massive write-offs

The trading arm of the company saw operating profit soar 41 percent to $3.3 billion, reflecting the huge volatility of metal and oil prices.

Published 16 Feb, 2021 02:37pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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