Business & Finance Print 2024-01-12

$700m tranche approved by IMF board

Recorder Report Published January 12, 2024

ISLAMABAD: Finance Ministry has stated that the Executive Board of the International Monetary Fund (IMF) has completed the 1st review of Pakistan’s economic reform program Stand By Arrangement (SBA) on Thursday.

The Board’s approval allows for an immediate disbursement of SDR 528 million (around US$ 700 million) bringing the total disbursements under the SBA to US$ 1.9 billion, the ministry added.

However, till the filing of this report nothing has yet been released or uploaded by the IMF on its website.

IMF finance ministry

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 13	278.33
USD PKR Interbank Buying / May 13	278.13
USD to Japanese Yen / May 13	155.86
USD to Swiss Franc / May 13	0.91
Pound Sterling to USD / May 13	1.25
Euro to USD / May 13	1.08

Stock	Volume
S&P 500 / May 10	5222.68
Nasdaq / May 10	16340.87
Dow Jones / May 10	39512.84
India Sensex / May 13	72058.22
Tokyo Nikkei / May 13	38179.46
Hang Seng / May 13	19101.30
FTSE 100 / May 13	8440.89
Germany DAX 30 / May 13	18764.87

Item	Value
Karachi Cotton PKR/37.32 KG / May 11	19935
Gold 10 Grams PKR / May 11	208762
Crude Oil USD/Barrel / May 13	78.49
Gold Spot USD/Ounce / May 13	2349.25
Cotton US¢/pound / May 13	77.67
Petrol/Litre / May 14	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 14 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 14 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 14 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 14 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 14 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 14 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 14 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 14 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 14 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 14 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 14 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 14 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 14 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 14 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 14 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 14 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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