Trends - IMF - Business Recorder

IMF

IMF says investments in vaccines ‘pay for themselves’

WASHINGTON: Public spending aimed at accelerating Covid-19 vaccination campaigns and ending the pandemic will...

Published 08 Apr, 2021 04:10am

G20 extends debt-servicing freeze for poorer nations

ROME: World finance chiefs agreed on Wednesday to boost reserves at the International Monetary Fund by $650 billion...

Published 08 Apr, 2021 04:10am

IMF projection: gross debt will swell to 87.7pc of GDP

ISLAMABAD: The International Monetary Fund (IMF) has projected an increase in the government gross debt for Pakistan...

Published 08 Apr, 2021 04:10am

NA body postpones briefing on proposed SBP bill

ISLAMABAD: The National Assembly’s Standing Committee on Finance, on Wednesday, postponed briefing on the proposed...

Published 08 Apr, 2021 04:10am

Editorials

IMF: Misplaced expectations?

EDITORIAL: Prime Minister Imran Khan while remarking on (the United Nations Development Programme’s) UNDP’s...

Published 08 Apr, 2021 04:10am

World

Japan's Aso says G20 clarified, not changed, its stance on FX

"We clarified in written form the G20 nations' thinking on currency rates. It's a clarification, not a change, in our stance," Aso told reporters on Wednesday.
Aso was speaking after attending a virtual meeting of leaders from the G20 major economies, held on the sidelines of IMF/World Bank spring meetings.

Published 07 Apr, 2021 08:20pm

World

IMF says investments in vaccines 'pay for themselves'

We are very much in favor of a global minimum corporate tax, she said.

Published 07 Apr, 2021 07:14pm

World

IMF renews message to China: boost consumption

IMF chief last week issued the same message to the world's second largest economy, calling its strong growth "somewhat unbalanced."

Published 07 Apr, 2021 07:06pm

World

IMF says more vaccine spending is fastest way to shore up public finances

The IMF said in its 2021 Fiscal Monitor report that if faster global vaccinations bring the virus under control sooner, more than $1 trillion in additional global tax revenue could be collected through 2025 in advanced economies.
"Vaccination will, thus, more than pay for itself, providing excellent value for public money invested in ramping up global vaccine production and distribution," the IMF said in the report.

Published 07 Apr, 2021 06:54pm

Markets

Dollar holds near two-week lows as investors await Fed minutes

Dollar index holds near two-week low.
Aussie, Kiwi dollar slip.

Published 07 Apr, 2021 05:38pm

World

Help for low-income nations tops agenda at G20 meeting

World Bank President said this week he expects the G20 to prolong the moratorium, which was introduced in April last year and extended in October, one last time until the end of 2021.

Published 07 Apr, 2021 05:13pm

Markets

Robust euro zone rebound could let ECB start winding down PEPP from Q3, Knot says

Once recovery starts to take hold and investors buy into risk-bearing instruments, nominal bond yields will inevitably move higher and "no amount" of ECB buying can completely undo that.

Published 07 Apr, 2021 01:56pm

Business & Finance

IMF sees stronger global growth as some COVID clouds begin to clear

IMF Chief Economist Gita Gopinath said the improvement was largely due to increased fiscal support, including a new $1.9 trillion U.S. aid package, accelerated vaccinations and continued adaptation of economic activity to overcome pandemic restrictions.

Published 07 Apr, 2021 10:52am

Business & Finance

Global minimum tax for corporations inches towards reality

"That's reducing the tax base on which governments can collect revenues and do the necessary social and economic spending that's required."

Published 07 Apr, 2021 10:49am

Business & Finance

Hammad confident Pakistan's economy to grow faster than earlier forecasts

“Starting from next fiscal year, we will be targeting an even higher growth rate that may exceed 4pc per annum,” said Azhar in a tweet.

Published 07 Apr, 2021 10:38am

BR Research

FM: Tough decisions come calling

It is not an easy time to be the Finance Minister (FM) of Pakistan. The PTI government has fired two in less than...

Published 07 Apr, 2021 07:25am

PM says it’s time for ‘new’ IMF package

ISLAMABAD: Prime Minister Imran Khan has said his government will speak to the International Monetary Fund (IMF)...

Updated 07 Apr, 2021 09:59am

Fund boosts outlook for global economy

WASHINGTON: Accelerated vaccinations and a flood of government spending, especially in the United States, have...

Published 07 Apr, 2021 03:48am

Pakistan: IMF projects 1.5pc growth for 2021

ISLAMABAD: The International Monetary Fund (IMF) has projected Pakistan’s GDP growth rate at 1.5 percent for 2021,...

Published 07 Apr, 2021 03:48am

Business & Finance

WB-IMF spring meetings 2021: Dr Nishtar advocates ‘invisible scaffold’

ISLAMABAD: Special Assistant to the Prime Minister on Social Protection and Poverty Alleviation, Dr Sania Nishtar...

Updated 07 Apr, 2021 09:50am

Business & Finance

Success of SOEs’ divestments: WB for addressing political economy implications first

ISLAMABAD: The World Bank has linked the success of divestments and restructuring of State Owned-Enterprises (SOEs)...

Updated 07 Apr, 2021 09:51am

Pakistan

Pakistan to approach IMF for second COVID relief package: PM

These dimensions have been captured both at the national and provincial levels, exploring inequality between and within Pakistan’s provinces.

Updated 07 Apr, 2021 12:22am

Pakistan

Pakistan to approach IMF for second COVID relief package: PM

I think, this is time for second package and we will obviously talk to IMF, the prime minister said.

Published 06 Apr, 2021 09:18pm

Markets

Dollar slips as profit-taking, falling yields bite

IMF upgrades global growth outlook.
US yields slide as Fed rate hike pricing deemed too aggressive.

Published 06 Apr, 2021 08:14pm

Business & Finance

IMF raises its growth forecast for UK economy after 2020 crash

The IMF predicted growth of 4.4% for the euro zone in 2021 and 3.6% for Germany, while France was expected to show a 5.8% expansion.

Published 06 Apr, 2021 08:09pm

World

Japan backs new IMF allocation, US calls for minimum corp tax

G20 to extend debt relief for developing world –finmin.
Aso keeps China in check against its lending practise.
Welcomes Yellen's minimum corporate tax proposal.

Published 06 Apr, 2021 09:48am

Pakistan

JI for efforts to get country out of IMF ‘grip’

KARACHI: Jamaat-e-Islami (JI) Karachi chief Engr Hafiz Naeemur Rehman on Monday asked the nation to step up efforts...

Published 06 Apr, 2021 04:23am

World

US pushing G20 for global minimum corporate tax: Yellen

WASHINGTON: The United States is pushing in the G20 to adopt a global minimum corporate tax to stem the erosion of...

Published 06 Apr, 2021 04:23am

Opinion

PARTLY FACETIOUS: Can Shaukat Tarin make a difference?

“I heard Shaukat Tarin trash the policy of the State Bank of Pakistan (SBP) to raise the discount rate to a...

Published 06 Apr, 2021 04:23am

Business & Finance

Approached IMF due to weak economic conditions, says Baqir

He said SBP will implement those policies which benefit the economy of Pakistan.

Published 05 Apr, 2021 10:42am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 29	278.37
USD PKR Interbank Buying / May 29	278.16
USD to Japanese Yen / May 29	157.06
USD to Swiss Franc / May 29	0.91
Pound Sterling to USD / May 29	1.28
Euro to USD / May 29	1.09

Stock	Volume
S&P 500 / May 28	5306.04
Nasdaq / May 28	17019.88
FTSE 100 / May 28	8254.18
Dow Jones / May 28	38852.86
Germany DAX 30 / May 28	18677.87
France CAC40 / May 28	8057.80
India Sensex / May 29	74732.81
Tokyo Nikkei / May 29	38556.87

Item	Value
Gold 10 Grams PKR / May 28	206018
Petrol/Litre / May 29	273.10
Crude Oil USD/Barrel / May 29	80.19
Karachi Cotton PKR/37.32 KG / May 29	19935
Gold Spot USD/Ounce / May 29	2355.13
Diesel/Litre / May 29	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 29 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 29 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 29 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 29 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 29 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 29 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 29 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 29 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 29 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 29 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 29 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 29 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 29 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 29 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 29 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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