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ADB

IMF and the ideal of accountability

The international lending agencies are often under criticism that they dole out loans to developing countries while...

Published 05 Feb, 2023 03:10am

Opinion

Can Pakistan break cycle of destruction in flood rebuilding?

It is nearly five months since floodwaters swept away Muhammad Fazal’s general store in southern Pakistan. Today,...

Published 03 Feb, 2023 06:17am

Jul-Dec: govt has borrowed $5.595bn

ISLAMABAD: The government has borrowed $5.595 billion from multiple financing sources including $1.166 billion from...

Updated 01 Feb, 2023 08:56am

Getting Daharki Power shares: ECC allows FF $2.9m equity investment

ISLAMABAD: Economic Coordination Commit-tee (ECC) of the Cabinet has allowed Fauji Foundation (FF) equity investment...

Updated 31 Jan, 2023 08:59am

Jamshoro coal-fired power plant unit: KE proposes three participation structures

ISLAMABAD: K-Electric (KE) has proposed three structures for its participation in the second unit of Jamshoro coal...

Updated 26 Jan, 2023 09:18am

Business & Finance

SBP’s foreign exchange reserves up

KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves rose by $258 million during the last week....

Published 20 Jan, 2023 06:10am

Markets

Nepra holds interactive session on facilitation of power projects

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra), on Thursday, held an interactive session with...

Published 20 Jan, 2023 06:10am

Treasury dept’s officials to visit next week: US decides to lend PDM govt a helping hand

Visit of US officials to Pakistan and meeting with authorities may help ease/repair relations with IMF

Updated 20 Jan, 2023 10:58am

Opinion

CPEC: a game changer or ...?

Today all three national parties - Pakistan Muslim League-Nawaz (PML-N), Pakistan Peoples’ Party (PPP) and ...

Published 16 Jan, 2023 06:46am

Geneva pledges: PM vows 3rd party validation of spending

ISLAMABAD: Prime Minister Shehbaz Sharif has said that the Geneva Conference for flood victims was a success as...

Updated 12 Jan, 2023 08:49am

Business & Finance

Pakistan: Economic Management Support: ADB’s IED rates tech assistance as successful, relevant

ISLAMABAD: The Independent Evaluation Department (IED) of the Asian Development Bank (ADB) has rated technical...

Published 12 Jan, 2023 05:51am

BR Research

All roads lead to the IMF

There is some exuberance about the pledges Pakistan got from Geneva. It's good to have a sentiment booster. Still,...

Published 11 Jan, 2023 08:46am

Editorials

Pledges for climate justice

EDITORIAL: The conference co-hosted by Pakistan, represented by Prime Minister Shehbaz Sharif and a team of federal...

Published 11 Jan, 2023 05:53am

Markets

'Non-availability of imported raw material': Diamond Industries suspends operations

Company says suspension of manufacturing operations for short term till further notice

Published 10 Jan, 2023 04:45pm

Markets

Edible oil shortage looms in Pakistan as dollar reserves fall

Edible oil stocks for three weeks are left in the country as traders remained unsuccessful to secure Letters of...

Updated 10 Jan, 2023 06:25pm

Disaster risk reconstruction: ADB to reprioritise $1bn over 3 years

Key sectors of support include agriculture, natural resources, urban services, social protection, health, and public financial management

Updated 10 Jan, 2023 08:51am

Business & Finance

Market expects Geneva pledges to help ease pressure on foreign exchange reserves

KARACHI: With some $10 billion commitments in the Geneva Conference, the default risk has further reduced and the...

Updated 10 Jan, 2023 09:59am

Donors pledge more than $9bn to help flood recovery

ISLAMABAD: Pakistan said Monday it had received pledges of more than $9 billion at an international conference...

Updated 10 Jan, 2023 08:58am

Pakistan

Experts react as Pakistan manages to secure pledges of over $8.5bn in Geneva

During first plenary alone, Pakistan saw commitments of over the targeted amount

Updated 09 Jan, 2023 08:29pm

Business & Finance

Bilawal praises ADB’s support

ISLAMABAD: Foreign Minister Bilawal Bhutto-Zardari on Wednesday held a telephonic conversation with Vice President...

Published 05 Jan, 2023 05:58am

World

India, ADB sign $1.2bn loan agreements for infrastructure projects

NEW DELHI: The Indian government and the Asian Development Bank (ADB) on Tuesday signed loan agreements totalling...

Published 03 Jan, 2023 08:12pm

$15.722bn newpacts signed: Country received $16.974bn foreign assistance: EAD

ISLAMABAD: The country received foreign assistance of $16.974 billion while it signed new agreements worth $15.722...

Updated 29 Dec, 2022 08:48am

Fund constraints adversely affect NHA projects

ISLAMABAD: The National Highways Authority (NHA) is facing the brunt of overall financial constraints in the country...

Updated 29 Dec, 2022 08:44am

Business & Finance

Power transmission programme: ADB approves $0.2m technical aid to support Tranche-4 of MFF

ISLAMABAD: The Asian Development Bank (ADB) has approved technical assistance of $0.2 million to support the...

Updated 28 Dec, 2022 08:50am

Business & Finance

Maintaining viability of agri sector a challenging task: ADB

ISLAMABAD: Main-taining the economic viability of Pakistan’s agriculture sector remains challenging due to the ...

Published 28 Dec, 2022 04:12am

Pakistan

ADB urges NHA to identify additional sources of revenue

ISLAMABAD: The National Highways Authority (NHA) needs to identify additional sources of revenue to meet its funding...

Published 27 Dec, 2022 06:07am

ADB for higher investments in hydropower

Recommends country for decrease in energy subsidies

Updated 24 Dec, 2022 10:11am

Opinion

IMF, the ‘lifeline’ of Pakistan

Since the creation of Pakistan, its policy makers, politicians, and the rulers, all have been struggling to manage...

Published 22 Dec, 2022 05:57am

External sources: Jul-Nov govt borrowing rises to $5.114bn from $4.699bn YoY

ISLAMABAD: The government has borrowed $5.114 billion from multiple financing sources, including $1.166 billion from...

Updated 20 Dec, 2022 09:38am

Editorials

Reliance on foreign borrowing

EDITORIAL: Pakistan has secured 775 million dollars from the Asian Development Bank (ADB) in support of the recovery...

Published 20 Dec, 2022 05:58am

Gainers
Losers
Leaders

Stock	Price
Pervez Ahmed Co / Feb 7 Pervez Ahmed Consultancy Services Ltd.(PASL)	0.82 ▲ 0.16 (24.24%)
HBL Invest Fund / Feb 7 HBL Investment Fund(HIFA)	1.99 ▲ 0.34 (20.61%)
Oilboy Energy / Feb 7 Oilboy Energy Limited(OBOY)	7 ▲ 1.00 (16.67%)
Pak Gen.Ins. / Feb 7 The Pakistan General Insurance Co. Ltd.(PKGI)	5.65 ▲ 0.67 (13.45%)
P.I.A.C.(A) / Feb 7 Pakistan International Airlines Corp(PIAA)	4.10 ▲ 0.36 (9.63%)
Sui South Gas / Feb 7 Sui Southern Gas Company Limited(SSGC)	11.44 ▲ 0.99 (9.47%)
MetaTech. / Feb 7 MetaTech Health Limited(META)	7.14 ▲ 0.60 (9.17%)
Orient Rental / Feb 7 Orient Rental Mod(ORM)	6.55 ▲ 0.50 (8.26%)
Chashma / Feb 7 Chashma Sugar Mills Limited(CHAS)	64.68 ▲ 4.51 (7.50%)
Din Tex. / Feb 7 Din Textile Mills Limited(DINT)	102.63 ▲ 7.16 (7.50%)

Stock	Price
First Elite Cap.Mod / Feb 7 First Elite Capital Modaraba(FECM)	3 ▲ -0.32 (-9.64%)
Pak Gulf Leasing / Feb 7 Pak-Gulf Leasing Company Limited(PGLC)	6.03 ▲ -0.52 (-7.94%)
Shahtaj Sugar / Feb 7 Shahtaj Sugar Mills Limited(SHJS)	45.53 ▲ -3.69 (-7.50%)
AL-Noor Sugar / Feb 7 Al-Noor Sugar Mills Limited(ALNRS)	57.35 ▲ -4.64 (-7.49%)
Crescent Fib. / Feb 7 Crescent Fibres Limited(CFL)	52.73 ▲ -4.27 (-7.49%)
MCB-ARIF Habib / Feb 7 MCB-Arif Habib Savings and Invest(MCBAH)	21.97 ▲ -1.78 (-7.49%)
Sunrays Textile / Feb 7 Sunrays Textile Mills Limited(SUTM)	137.74 ▲ -11.16 (-7.49%)
Pak Leather / Feb 7 Pak Leather Crafts Limited(PAKL)	18.21 ▲ -1.47 (-7.47%)
Quetta Textile / Feb 7 Quetta Textile Mills Limited(QUET)	14.36 ▲ -1.16 (-7.47%)
Ellcot Spinning / Feb 7 Ellcot Spinning Mills Limited(ELSM)	121 ▲ -8.98 (-6.91%)

Stock	Volume
Pak Petroleum / Feb 7 Pakistan Petroleum Limited(PPL)	21,823,478 ▼ 5.59
Sui North Gas / Feb 7 Sui Northern Gas Pipelines Limited(SNGP)	13,436,569 ▼ 3.03
Oil & Gas Dev. / Feb 7 Oil & Gas Development Company Limited(OGDC)	10,544,849 ▼ 6.44
K-Electric Ltd. / Feb 7 K-Electric Limited(KEL)	8,976,715 ▼ 0.10
Hub Power Co. / Feb 7 The Hub Power Company Limited(HUBC)	7,912,174 ▼ 0.97
Sui South Gas / Feb 7 Sui Southern Gas Company Limited(SSGC)	7,743,500 ▼ 0.99
Cnergyico PK / Feb 7 Cnergyico PK Limited(CNERGY)	7,490,206 ▼ 0.06
WorldCall Telecom / Feb 7 Worldcall Telecom Limited(WTL)	5,875,506 ▼ 0.02
Dewan Motors / Feb 7 Dewan Farooque Motors Limited(DFML)	5,698,000 ▼ 0.17
P.T.C.L. / Feb 7 Pakistan Telecommunication Company Ltd(PTC)	5,530,500 ▼ 0.39

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 6	277.40
USD PKR Interbank Buying / Feb 6	275.40
USD to Japanese Yen / Feb 6	132.75
USD to Swiss Franc / Feb 6	0.93
Pound Sterling to USD / Feb 6	1.20
Euro to USD / Feb 6	1.07
UK LIBOR % / Feb 3	4.30

Stock	Volume
S&P 500 / Feb 6	4102.30
India Sensex / Feb 6	60506.90
Tokyo Nikkei / Feb 6	27693.65
Nasdaq / Feb 6	11876.41
Hang Seng / Feb 6	21349.17
FTSE 100 / Feb 6	7811.64
Dow Jones / Feb 6	33736.77
Germany DAX 30 / Feb 6	15308.79
France CAC40 / Feb 6	7110.62

Item	Value
Karachi Cotton PKR/37.32 KG / Feb 3	22235
Gold 10 Grams PKR / Feb 3	208500
Crude Oil USD/Barrel / Feb 6	72.87
Gold Spot USD/Ounce / Feb 6	1868.15
Cotton US¢/pound / Feb 6	84.80

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