News stories for Bilal Memon - Business Recorder

Bilal Memon

Pakistan

Aim to quickly reach agreement on financial support, says IMF

IMF Mission Chief Nathan Porter says Pakistani authorities have taken decisive measures to bring policies more in line with the economic reform programme, will continue discussions

Updated 27 Jun, 2023 10:29pm

Pakistan

IMF comes down hard on Pakistan’s budget proposals

Says draft misses opportunity to broaden tax base in progressive way
Criticises new tax amnesty scheme that runs against IMF programme’s conditionality/governance agenda, and creates a damaging precedent

Updated 15 Jun, 2023 09:00am

Pakistan

In budget 2023-24, Pakistan envisages over $19bn in external financing

To meet budgeted targets, govt says it will seek $2.4bn from IMF, another $4.5bn from commercial banks

Updated 09 Jun, 2023 11:11pm

Business & Finance

You don’t need AI to predict Dar’s budget speech. This is how it will likely go

Finance Minister Ishaq Dar is scheduled to announce the budget proposals this Friday. He last announced the budget...

Updated 06 Jun, 2023 11:59pm

Pakistan

IMF stresses on ‘staying within agreed policy framework, securing financing’

Washington-based lender says it has taken note of recent (political) developments, and hopes peaceful way forward is found

Updated 14 May, 2023 06:00pm

Pakistan

IMF reiterates ‘necessary financing’ condition for completion of Pakistan’s ninth review

Says it supports authorities in implementation of policies in the period ahead, including in the technical work to prepare the FY24 budget

Updated 05 May, 2023 03:12pm

Pakistan

IMF wants more 'necessary funding assurances' for successful completion of Pakistan's 9th review

Mission Chief for Pakistan Nathan Porter says there was agreement between Pakistani delegation and IMF staff/management to maintain strong policies and secure sufficient financing

Updated 15 Apr, 2023 08:31pm

Pakistan

Govt did not consult ahead of announcing fuel subsidy proposal: IMF

Pakistan authorities did not consult with the International Monetary Fund (IMF) staff ahead of announcing their...

Updated 21 Mar, 2023 09:02am

Pakistan

Pakistan's ex finance chief Miftah warns against any kind of debt restructuring

Difficult task to get China and the West to sit on one table for such an endeavour, he says

Updated 16 Mar, 2023 09:46am

Business & Finance

Next MPC meeting so far scheduled on March 16, says SBP

SBP chief spokesperson's statement comes amid widespread speculation the central bank is likely to increase interest rate in off-cycle review

Published 23 Feb, 2023 08:38pm

Pakistan

IMF stresses on 'timely, decisive' implementation of policies as virtual discussions to continue

In short statement at conclusion of 10-day visit, IMF mission chief says resolute financial support from official partners critical for Pakistan to successfully regain macroeconomic stability and advance sustainable development

Updated 10 Feb, 2023 02:01pm

Pakistan

IMF says Fund mission scheduled to visit Islamabad at end of January

Will continue discussions under ninth EFF review

Updated 26 Jan, 2023 08:25pm

Markets

Dollar released from Dar(kness): Pakistan moves to convince IMF

As the PKR endured its worst day in over two decades (in terms of percentage loss), many say this is a step towards reviving the stalled bailout programme

Updated 26 Jan, 2023 10:03pm

Opinion

The darkness deepens

They say the night is darkest before the dawn. On Monday, it couldn’t have gotten darker—somewhere, someone in...

Published 25 Jan, 2023 06:25am

Pakistan

‘Fragile situation’ in a ‘resilient’ economy: British International Investment CEO

KARACHI: British International Investment (BII), which was called the CDC Group till 2022, made its first investment...

Published 22 Jan, 2023 11:47pm

Pakistan

Geneva pledges a success, but immediate assistance for flood victims unlikely: expert

The amount of support Pakistan marshalled in Geneva as it made the case of rebuilding its country after devastating...

Published 18 Jan, 2023 04:01am

Pakistan

IMF says its delegation expected to meet Finance Minister Dar on sidelines of Geneva conference

Will discuss outstanding issues and path forward, says IMF spokesperson

Updated 08 Jan, 2023 10:59am

Markets

Gap between inter-bank and ‘open’ market rates on FCY transactions widens to over Rs24

KARACHI: Customers using their cards (debit or credit) to conduct foreign currency transactions will have to be...

Published 05 Jan, 2023 05:58am

Pakistan

IMF says discussions with Pakistan 'productive', looks forward to continuing dialogue

IMF review for the release of the next tranche of funding has been pending since September

Published 13 Dec, 2022 11:27pm

Markets

Pakistan's debt repayment situation completely under control: SBP governor

During SBP's podcast, Jameel Ahmad says all upcoming obligations will be met on schedule, reserves' position to improve in second half of ongoing fiscal year

Updated 08 Dec, 2022 10:59pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 24	278.59
USD PKR Interbank Buying / Apr 24	278.39
USD to Japanese Yen / Apr 24	155.21
USD to Swiss Franc / Apr 24	0.91
Pound Sterling to USD / Apr 24	1.25
Euro to USD / Apr 24	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
India Sensex / Apr 24	73852.94
Tokyo Nikkei / Apr 24	38460.08
Nasdaq / Apr 24	15712.75
Hang Seng / Apr 24	17201.27
FTSE 100 / Apr 24	8040.38
Dow Jones / Apr 24	38460.92
Germany DAX 30 / Apr 24	18088.70

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Crude Oil USD/Barrel / Apr 24	82.83
Gold Spot USD/Ounce / Apr 24	2318.17
Cotton US¢/pound / Apr 24	81.01
Petrol/Litre / Apr 25	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 25 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 25 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 25 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 25 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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