Trends - IMF - Business Recorder

IMF

Currency values in terms of Special Drawing Rights

WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special...

Published 17 Feb, 2021 04:24am

$6bn IMF programme: $500m in sight after reaching staff-level deal

ISLAMABAD: The International Monetary Fund (IMF) team led by Ernesto Ramirez Rigo, concluded virtual discussions ...

Updated 17 Feb, 2021 09:32am

Hafeez describes it as ‘a good development’

ISLAMABAD: Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh Tuesday said that the staff-level...

Updated 17 Feb, 2021 09:32am

Pakistan

Agreement with IMF, a good development for Pakistan: Hafeez Shaikh

The federal minister shared that Pakistan had reached a staff level agreement with the IMF.
Shaikh said that overcoming the challenges created by the Pandemic had required concerted effort.

Published 16 Feb, 2021 08:29pm

Business & Finance

Pakistan, IMF reach staff-level agreement on pending reviews under EFF

“This agreement is subject to the approval of the IMF’s Executive Board. The reviews’ completion would release around $500 million,” read the IMF statement.
Both parties reached the staff-level agreement on the second to fifth reviews of the authorities’ reform program supported by the IMF 39-month Extended Fund Facility (EFF) arrangement for the amount of SDR 4,268 million (about US$6 billion).

Published 16 Feb, 2021 07:58pm

Opinion

IMF enamoured of Pakistan?

This is apropos a Business Recorder op-ed “Budgetary outcome in 1HFY21”

Published 16 Feb, 2021 04:07am

Opinion

Data obfuscation

Macro-economic data released by the Ministry of Finance, particularly with reference to the fiscal deficit and total...

Published 15 Feb, 2021 04:53am

Editorials

IMF acquiescence-laden govt-IPPs deal

EDITORIAL: The federal cabinet formally approved a deal with Independent Power Producers (IPPs) projected to save ...

Published 15 Feb, 2021 04:53am

World

IMF wants deeper reforms to unblock Ukraine aid

KIEV: The International Monetary Fund said Saturday it wanted deeper reforms and stronger anti-corruption measures...

Updated 14 Feb, 2021 09:58am

World

IMF wants more reforms for Ukraine to get next part of loan

Online negotiations with the IMF mission, which ran from late December to Feb. 12, focused on strengthening governance of the central bank.
Have agreed on the next steps ... and clearly understand the expected results.

Published 13 Feb, 2021 07:31pm

Markets

Currency values in terms of Special Drawing Rights

WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special...

Published 13 Feb, 2021 04:11am

Almost Rs2 hike in tariffs of Discos, KE approved by govt

ISLAMABAD: The Federal Government on Friday approved an increase of Rs 1.95 per unit in tariffs of power ...

Published 13 Feb, 2021 04:11am

Editorials

Vicious circle of rising salaries

EDITORIAL: The government has settled the raise in pay dispute with protesting employees before the matter...

Published 13 Feb, 2021 04:11am

World

G7 finmins discussed support to economies, digital tax, money for IMF: EU

Very interesting discussion among Finance Ministers and Central Banks. Keep support to economies.
Work to agree on digital and minimal taxation and to strengthen IMF support to lower income countries.

Published 12 Feb, 2021 08:47pm

World

IMF's Kammer: Romania set to outpace emerging Europe growth

Growth is projected at 4.0% for emerging Europe. For Romania we project that after contracting by about 5 percent in 2020.
it will expand by a bit more than the emerging-Europe average.

Published 12 Feb, 2021 07:58pm

World

G7 seen backing issuance of new IMF SDRs

One IMF expert said a $500 billion boost in SDRs would deliver some $14 billion in added reserves to low-income countries and $60 billion to emerging markets, but others said the yields could be much higher.

Published 12 Feb, 2021 10:58am

Markets

Currency values in terms of Special Drawing Rights

WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special...

Published 12 Feb, 2021 04:54am

Business & Finance

Increasing exports of synthetic fibre: Govt to reduce duty in budget: Dawood

ISLAMABAD: Adviser to the Prime Minister on Commerce Razak Dawood has said that the government will take measures in...

Updated 12 Feb, 2021 11:48pm

Opinion

Neoliberalism

This is apropos a Business Recorder op-ed “Need for reformed Bretton Woods institutions for the ‘new normal”...

Published 11 Feb, 2021 04:34am

Massive increase in Discos’ tariffs allowed

ISLAMABAD: The Federal Government has approved a massive increase in tariffs of Distribution Companies (Discos) - by...

Published 11 Feb, 2021 04:34am

Editorials

Exports decline

EDITORIAL: Pakistan Bureau of Statistics (PBS) data for January 2021 indicates a 9.89 percent fall in exports...

Published 11 Feb, 2021 04:34am

Markets

Currency values in terms of Special Drawing Rights

WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special...

Published 10 Feb, 2021 04:12am

Editorials

From ‘Great Lockdown’ to ‘Great Divergence’

EDITORIAL: The International Monetary Fund (IMF) Managing Director (MD) Kristalina Georgieva has raised a pertinent...

Published 10 Feb, 2021 04:12am

Business & Finance

Russian growth insufficient to match advanced economies: IMF

MOSCOW: Russia has weathered the coronavirus pandemic better than other countries but its economic growth is too ...

Published 10 Feb, 2021 04:12am

Markets

IMF sees quick Russian oil output recovery once OPEC+ deal is done, urges investments

In its February report, the IMF also said that the full-cost break-even price for Russia is closer to $30 to 40 per barrel.
A prolonged period of oil prices below these levels could threaten the long-term viability of the oil and gas sector in Russia.

Updated 09 Feb, 2021 10:03pm

Business & Finance

IMF urges Russia to cut interest rates in 2021

IMF suggests Bank of Russia cut rate by 50bps in 2021.
Russia's 2021 GDP growth forecast at 3.0%.
Outlook contingent on widely available COVID-19 vaccine.

Updated 09 Feb, 2021 10:03pm

BR Research

Bond market: Cat & mouse game

In the bond market, government had shown its cards in Jan 2021 auction by accepting bids at higher rates for 5Y and...

Published 09 Feb, 2021 07:25am

Opinion

‘Rise in federal govt debt’

This is apropos a Business Recorder op-ed carried by the newspaper recently. The writer, Dr Hafiz A. Pasha, has...

Published 09 Feb, 2021 04:43am

Opinion

Budgetary outcome in 1HFY21

The Federal Budget for 2020-21 which was presented to the National Assembly contains some moderately ambiguous...

Published 09 Feb, 2021 04:43am

Business & Finance

Rough road ahead for Latam and Caribbean economies: IMF

NEW YORK: Latin American and Caribbean economic activity will not return to pre-pandemic levels of output until 2023...

Published 09 Feb, 2021 04:43am

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
Karachi Cotton PKR/37.32 KG / May 27	19935
Gold 10 Grams PKR / May 28	206018
Petrol/Litre / May 29	273.10
Crude Oil USD/Barrel / May 29	80.19
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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