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debt crisis

China’s leaders vow to fight ‘risks’ plaguing economy

BEIJING: Beijing’s leaders vowed Thursday to resolve “risks” plaguing China’s economy, but were yet to offer...

Updated 19 Jul, 2024 07:27am

Opinion

Pakistan’s debt dilemma: navigating turbulent waters

In the intricate fabric of Pakistan’s economic landscape, a daunting debt crisis casts a long shadow, threatening...

Published 23 Apr, 2024 03:41am

Business & Finance

Developing countries spent record $443.5bn to service public debts in 2022: World Bank

WASHINGTON: Developing countries spent nearly half a trillion dollars to service their external public and publicly...

Published 14 Dec, 2023 05:24am

Govt explains magnitude of SOE burden

Federal Minister for Privatisation says current state of the public sector is unsustainable and contributes to the deterioration in the business environment in the country

Updated 28 Nov, 2023 10:01am

World

IMF, World Bank to tackle climate goals among reforms at annual meetings

WASHINGTON: The World Bank and International Monetary Fund will tackle the thorny issue of institutional reform at...

Published 05 Oct, 2023 10:24am

World

Debt crisis relief for poor countries nowhere near enough: UN

GENEVA: Current attempts to resolve the debt crisis swamping poor countries do not go anywhere near far enough given...

Published 05 Oct, 2023 06:23am

World

Pakistan among developing countries facing a debt crunch

LONDON: High interest rates, growing investor risk aversion and borrowing that ballooned in recent years have left a...

Published 04 Oct, 2023 03:43pm

Debt challenges facing 59 countries: PM urges world to find durable solution

Proper implementation of the development agenda is only possible with global and regional cooperation, he says

Updated 21 Sep, 2023 08:46am

Business & Finance

Debt assessments should reflect growing share of domestic debt: World Bank

WASHINGTON: Debt sustainability analyses carried out by the World Bank and International Monetary Fund should...

Updated 27 Apr, 2023 09:02am

Opinion

Monetary-fiscal history of Latin America: lessons for Pakistan

Pakistan today suffers from significant macroeconomic instability, high inflation, a currency crisis and a risk of a...

Published 06 Mar, 2023 06:43am

Opinion

Traders relaxed as ECB starts running down massive bond holdings

Strong investor inflows into bond markets this year mean traders and bankers are confident the European Central Bank...

Updated 02 Mar, 2023 07:01am

Opinion

Balancing austerity demands with better debt relief and SDR support

’Developing nations may need to find as much as $2.5 trillion over five years to meet external debt-service costs as...

Updated 10 Feb, 2023 12:30pm

BR Research

On another debt crisis

Facing a challenging re-election battle in the next election cycle, the new year could not have started on a worse...

Published 16 Jan, 2023 09:28am

Business & Finance

Next two years: WEF foresees 10 major risks

ISLAMABAD: Pakistan may face digital vulnerability and cybersecurity, rapid inflation, debt crisis, possible state...

Published 12 Jan, 2023 05:51am

Economy: EAG underscores need for reforms

ISLAMABAD: The Economic Advisory Group (EAG) has called for necessary reforms to transform Pakistan into a globally...

Updated 07 Jan, 2023 08:48am

Poor countries’ debt servicing costliest: World Bank

NEW YORK: The poorest countries in the world now spend over a tenth of their export income to service external debt,...

Updated 07 Dec, 2022 09:47am

Opinion

Calamities, debt crisis, growth: prospects — II

H istorical precedents show the many ways in which various sectors of the economy do this. As rising debt causes a...

Published 16 Oct, 2022 03:53am

Opinion

Pakistan in deep debt trap

Pakistan’s precarious financial situation, persisting for the last many decades, has landed it into a deep debt...

Published 14 Oct, 2022 03:39am

Pakistan

Pakistan will not seek Paris Club debt restructuring, says Ishaq Dar

Says Pakistan will fulfil all sovereign debt commitments

Updated 10 Oct, 2022 09:39am

World

World facing '5th wave' of debt crisis: World Bank chief

WASHINGTON: The world is facing a "fifth wave of debt crisis," World Bank President David Malpass warned Friday,...

Updated 07 Oct, 2022 09:24pm

Moody’s cuts Pakistan’s rating to Caa1

ISLAMABAD: Moody’s Investors Service (Moody’s) has downgraded the government of Pakistan’s local and foreign...

Updated 07 Oct, 2022 09:37am

Pakistan

Moody's cuts Pakistan's rating to Caa1

Rating agency says ongoing floods raise country's external financing needs, heightening risks of a balance of payments crisis

Updated 06 Oct, 2022 11:11pm

Opinion

Calamities, debt crisis, growth: prospects – I

Natural disasters such as floods can have detrimental effects on growth as they depress both supply and demand, and...

Published 28 Sep, 2022 05:51am

EU fiscal oversight of Greece ends after 12 years

ATHENS: Greece on Saturday concluded 12 years of European Union fiscal surveillance that was imposed in return for...

Published 21 Aug, 2022 05:16am

Pakistan

Rupee devaluation multiplied debt servicing: Miftah

Says any nation will move towards default-like situation amid high debt servicing

Updated 16 Jul, 2022 06:20pm

World

The big default? Dozen countries including Pakistan in danger zone

LONDON: Traditional debt crisis signs of crashing currencies, 1,000 basis point bond spreads and burned FX reserves...

Updated 16 Jul, 2022 04:44pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 23	283.90
USD PKR Interbank Buying / Jun 23	283.60
USD to Japanese Yen / Jun 23	147.27
USD to Swiss Franc / Jun 23	0.82
Pound Sterling to USD / Jun 23	1.34
Euro to USD / Jun 23	1.15
UK LIBOR % / Jun 20	4.96

Stock	Volume
S&P 500 / Jun 20	5,967.84
Nasdaq / Jun 20	19,447.41
Dow Jones / Jun 20	42,206.82
India Sensex / Jun 23	81,805.29
Tokyo Nikkei / Jun 23	38,354.09
Hang Seng / Jun 23	23,650.62
FTSE 100 / Jun 23	8,779.33
Germany DAX 30 / Jun 23	23,247.79
France CAC40 / Jun 23	7,558.55

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 20	16,785
Gold 10 Grams PKR / Jun 20	306,069
Petrol/Litre / Jun 23	258.43
Crude Oil USD/Barrel / Jun 23	74.78
Gold Spot USD/Ounce / Jun 23	3,353.56
Diesel/Litre / Jun 23	262.59
Cotton US¢/pound / Jun 23	66.65

Gainers
Losers
Leaders

Stock	Price
Cresent Jute / Jun 23 Crescent Jute Products Limited(CJPL)	7.49 ▲ 1 (15.41%)
AN Textile Mills / Jun 23 AN Textile Mills Limited(ANTM)	25.70 ▲ 2.34 (10.02%)
Leather Up Ltd. / Jun 23 Leather Up Limited(LEUL)	42.90 ▲ 3.9 (10%)
Rupali polyester / Jun 23 Rupali Polyester Limited(RUPL)	27.07 ▲ 2.46 (10%)
Frontier Ceram / Jun 23 Frontier Ceramics Limited(FRCL)	36.30 ▲ 3.3 (10%)
Karam Ceramics / Jun 23 Karam Ceramics Limited(KCL)	66.80 ▲ 6.07 (10%)
Shams Textile / Jun 23 Shams Textile Mills Limited(STML)	34.67 ▲ 3.15 (9.99%)
First Elite Cap.Mod / Jun 23 First Elite Capital Modaraba(FECM)	36.88 ▲ 3.35 (9.99%)
Jubilee Spinning / Jun 23 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	12.35 ▲ 1.12 (9.97%)
Fazal Cloth / Jun 23 Fazal Cloth Mills Limited(FZCM)	205.54 ▲ 18.54 (9.91%)

Stock	Price
United BankXD / Jun 23 United Bank Limited(UBL)	261.81 ▼ -262.38 (-50.05%)
First Prudential Mod. / Jun 23 First Prudential Modaraba(PMI)	3.49 ▼ -0.61 (-14.88%)
First Fid. Leasing / Jun 23 First Fidelity Leasing Modaraba(FFLM)	2.31 ▼ -0.34 (-12.83%)
Invest Bank / Jun 23 Invest Capital Investment Bank Limited(ICIBL)	7.21 ▼ -0.98 (-11.97%)
Askari Life Assur. / Jun 23 Askari Life Assurance Company Limited(ALAC)	6.99 ▼ -0.95 (-11.96%)
Ghani Chemworld / Jun 23 Ghani Chemworld Limited(GCWL)	7.98 ▼ -1 (-11.14%)
Yousuf Weaving / Jun 23 Yousaf Weaving Mills Limited(YOUW)	4.22 ▼ -0.52 (-10.97%)
F.Credit & Inv / Jun 23 First Credit and Investment Bank Limited(FCIBL)	7.75 ▼ -0.88 (-10.2%)
LSE Financial Serv. / Jun 23 LSE Financial Services Limited(LSEFSL)	32.36 ▼ -3.6 (-10.01%)
Chashma / Jun 23 Chashma Sugar Mills Limited(CHAS)	57.60 ▼ -6.4 (-10%)

Stock	Volume
WorldCall Telecom / Jun 23 Worldcall Telecom Limited(WTL)	53,303,035 ▼ -0.1
Sui South Gas / Jun 23 Sui Southern Gas Company Limited(SSGC)	35,996,379 ▼ -4.2
Pervez Ahmed Consultancy / Jun 23 Pervez Ahmed Consultancy Services Ltd.(PASL)	24,022,793 ▼ -0.12
K-Electric Ltd. / Jun 23 K-Electric Limited(KEL)	23,740,292 ▼ -0.24
Kohinoor Spining / Jun 23 Kohinoor Spinning Mills Limited(KOSM)	22,523,059 ▼ -0.54
Fauji Cement / Jun 23 Fauji Cement Company Limited(FCCL)	16,264,731 ▼ -4.16
Cnergyico PK / Jun 23 Cnergyico PK Limited(CNERGY)	14,226,103 ▼ -0.48
Maple Leaf Cement / Jun 23 Maple Leaf Cement Factory Limited(MLCF)	14,036,410 ▼ -5.02
Dewan Cement / Jun 23 Dewan Cement Limited(DCL)	13,766,080 ▼ -1.36
B.O.Punjab / Jun 23 The Bank of Punjab(BOP)	13,746,025 ▼ -0.36

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