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debts

Sri Lanka announces nearly $6bn bilateral debt deal

COLOMBO: Sri Lanka on Wednesday said it had reached an “agreement in principle” with its lenders, including...

Published 30 Nov, 2023 04:53am

Business & Finance

World Bank points out 6 major challenges facing economy

ISLAMABAD: The World Bank Tuesday while pointing out six major challenges facing Pakistan’s economy has launched a...

Published 29 Nov, 2023 05:09am

World

IMF chief calls on Italy, France, Spain to ‘buckle up’ on debt

PARIS: Italy, France, and Spain must do more to tackle rising debt and deficit levels, IMF chief Kristalina...

Published 24 Nov, 2023 01:02pm

Economic growth has to be backed by structural reforms: Shamshad

ISLAMABAD: Caretaker Federal Minister for Finance Dr Shamshad Akhtar has said political and economic instability...

Updated 24 Nov, 2023 09:44am

Bonds rally to highest level in over a year

LONDON: Hopes that more international financial support is on the way lifted Pakistan’s government bonds to their...

Updated 21 Nov, 2023 08:49am

Forex reserves fall by $79m

KARACHI: The country’s total liquid foreign exchange reserves fell by $79 million during the last week due to...

Updated 17 Nov, 2023 08:39am

Sept debt stocks down 2.6pc to Rs62.291trn MoM

KARACHI: The federal government’s total debt (domestic and external) stocks recorded a decline of 2.6 percent in...

Updated 11 Nov, 2023 08:55am

World

China owed more than $1trn in Belt and Road debt?

BEIJING: China is owed more than a trillion dollars through its Belt and Road project, making it the biggest debt...

Published 08 Nov, 2023 05:42am

IMF team to visit country on Nov 2

KARACHI: An International Monetary Fund (IMF) mission will visit Pakistan on Nov. 2 to discuss the first review of...

Updated 25 Oct, 2023 08:41am

MoF to share green bonds, debt swaps plan with SIFC today

ISLAMABAD: Finance Ministry is all set to share its plan on floating of international and domestic green bonds and...

Updated 24 Oct, 2023 09:37am

Business & Finance

External debt servicing soars to record level in FY23

KARACHI: Pakistan’s external debt servicing soared to record level of some $18 billion mark in the last fiscal ...

Published 24 Oct, 2023 05:05am

IMF sees slight rise in govt expenditure

ISLAMABAD: The International Monetary Fund (IMF) has projected an increase of 0.6 per cent in the government...

Updated 12 Oct, 2023 09:31am

Business & Finance

Growing national debt termed ‘a bad omen’

KARACHI: Pakistan’s total debt (external and domestic) is on surge, reaching the historic mark of Rs. 64 trillion...

Published 09 Oct, 2023 06:24am

Opinion

Bond vigilantes and inversion anxiety

One of Wall Street’s enduring lessons, “inverted yield curves don’t always predict recessions, but all...

Updated 05 Oct, 2023 06:45am

50bps hike in policy rate adds Rs300bn to domestic debt: MoF

ISLAMABAD: The Finance Ministry has disclosed that 0.5 percent (50 basis points) increase in interest rate...

Updated 05 Oct, 2023 11:06am

World Bank projects primary balance at negative 0.4pc

ISLAMABAD: The World Bank has projected a primary balance for Pakistan at negative 0.4 percent (-0.4) for the...

Updated 04 Oct, 2023 08:36am

Opinion

IMF’s policy needs deeper political economic thinking

‘“Escalating protests in Pakistan against rising costs linked to IMF demands, which follow similar protests in...

Published 02 Oct, 2023 07:03am

Business & Finance

Global debt hits record $307trn

NEW YORK: Global debt hit a record $307 trillion in the second quarter of the year despite rising interest rates...

Published 20 Sep, 2023 06:28am

Opinion

Private savings, govt dissaving: debt

Savings by an individual/householder or a government have different objectives and constraints and while a healthy...

Updated 18 Sep, 2023 07:33am

World

EU ministers agree on fiscal reform ‘camino’, aim for year-end deal

SANTIAGO DE COMPOSTELA, (Spain): European Union finance ministers on Saturday backed a timeline calling for the...

Published 17 Sep, 2023 06:45am

Business & Finance

July-August remittances post big fall

Pakistan receives workers’ remittances amounting to $ 4.12 billion in July-Aug of FY24

Updated 12 Sep, 2023 09:58am

Opinion

Rating agencies and Pakistan’s response

There are three major international credit rating agencies providing investors information about bond and debt...

Published 11 Sep, 2023 06:54am

Opinion

Sales tax blues

Given rampant sales tax evasion and slowdown in consumer demand, the government is highly unlikely to meet its...

Published 11 Sep, 2023 06:32am

Business & Finance

Roots of country’s debilitating debt trap highlighted

KARACHI: Pasban Democratic Party (PDP) Chairman Altaf Shakoor has said that Pakistan needs a deep reform program in...

Published 11 Sep, 2023 06:32am

Govt says gas prices to be revised upward

ISLAMABAD: The caretaker government said on Friday that gas prices have to be revised upward across the board...

Updated 09 Sep, 2023 08:44am

Govt mulls IPO for three major power distribution companies

KARACHI: Pakistan is considering selling stakes in three high performing state-owned power distribution companies...

Updated 07 Sep, 2023 09:50am

Opinion

The circular debt paradox

The power sector has an annual turnover of around Rs 3.3 trillion. Of this, collection stands at around 88 percent,...

Updated 04 Sep, 2023 06:43am

Debt management: FD advocates balanced approach

ISLAMABAD: Fiscal discipline is essential to maintain primary surplus as total public debt/revenue and debt...

Updated 02 Sep, 2023 03:08pm

Opinion

Heavy indebtedness & power sector crisis

In terms of new commitments, the Government of Pakistan signed new agreements, worth USD 7,228 million, during the...

Published 01 Sep, 2023 05:41am

Rising debt servicing emerges as hindrance: Projection of cut in C/A deficit subject to certain risks

ISLAMABAD: The government projection of a reduction in the current account deficit to US$ 3.7 billion is subject to...

Updated 01 Sep, 2023 09:11am

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Dec 1 Dewan Sugar Mills Limited(DWSM)	3.73 ▲ 1.00 (36.63%)
Universal Ins. / Dec 1 The Universal Insurance Company Limited(UVIC)	6.15 ▲ 1.00 (19.42%)
Saritow Spinning / Dec 1 Saritow Spinning Mills Limited(SSML)	7.98 ▲ 1.00 (14.33%)
Abdullah Shah / Dec 1 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	7.01 ▲ 0.84 (13.61%)
PICIC Ins.Ltd. / Dec 1 PICIC Insurance Limited(PIL)	1 ▲ 0.10 (11.11%)
Next Capital / Dec 1 Next Capital Limited(NEXT)	6.22 ▲ 0.55 (9.70%)
Shaheen Ins. / Dec 1 Shaheen Insurance Company Limited(SHNI)	3.65 ▲ 0.32 (9.61%)
LSE Propetech / Dec 1 LSE Propetech Limited(LSEPL)	3.63 ▲ 0.31 (9.34%)
Ruby Textile / Dec 1 Ruby Textile Mills Limited(RUBY)	4.80 ▲ 0.40 (9.09%)
Haseeb Waqas / Dec 1 Haseeb Waqas Sugar Mills Limited(HWQS)	11.29 ▲ 0.91 (8.77%)

Stock	Price
Tri-Star Mutual / Dec 1 Tri-Star Mutual Fund Limited(TSMF)	5 ▼ -0.63 (-11.19%)
Aruj Industries / Dec 1 Aruj Industries Limited(ARUJ)	8.15 ▼ -0.87 (-9.65%)
Askari Life Assur. / Dec 1 Askari Life Assurance Company Limited(ALAC)	5.45 ▼ -0.50 (-8.40%)
Trust Sec.& Brok. / Dec 1 Trust Securities & Brokerage Limited(TSBL)	8.35 ▼ -0.71 (-7.84%)
Hallmark Co. / Dec 1 Hallmark Company Limited(HCL)	196.11 ▼ -15.90 (-7.50%)
Siemens Pak. / Dec 1 Siemens (Pakistan) Engineering(SIEM)	717.18 ▼ -58.15 (-7.50%)
Leiner Pak Gelat / Dec 1 Leiner Pak Gelatine Limited(LPGL)	21.71 ▼ -1.46 (-6.30%)
Kohinoor Power / Dec 1 Kohinoor Power Company Limited(KOHP)	5.10 ▼ -0.32 (-5.90%)
HBL Growth Fund / Dec 1 HBL Growth Fund(HGFA)	8.05 ▼ -0.44 (-5.18%)
Unilever Foods / Dec 1 Unilever Pakistan Foods Limited(UPFL)	21500 ▼ -1000.00 (-4.44%)

Stock	Volume
Fauji Foods Ltd / Dec 1 Fauji Foods Limited(FFL)	34,548,158 ▲ 0.00
Fauji Fert Bin / Dec 1 Fauji Fertilizer Bin Qasim Limited(FFBL)	33,025,000 ▲ 0.05
WorldCall Telecom / Dec 1 Worldcall Telecom Limited(WTL)	28,095,487 ▲ 0.04
Fauji Cement / Dec 1 Fauji Cement Company Limited(FCCL)	26,003,500 ▲ 1.32
Maple Leaf Cement / Dec 1 Maple Leaf Cement Factory Limited(MLCF)	25,405,193 ▲ 1.98
Pak Elektron / Dec 1 Pak Elektron Limited(PAEL)	25,331,874 ▲ 0.97
Dewan Cement / Dec 1 Dewan Cement Limited(DCL)	17,398,000 ▼ -0.02
B.O.Punjab / Dec 1 The Bank of Punjab(BOP)	16,209,942 ▼ -0.08
Air Link Com. / Dec 1 Air Link Communication Limited(AIRLINK)	13,071,052 ▲ 4.32
Hum Network / Dec 1 Hum Network Limited(HUMNL)	12,882,000 ▲ 0.36

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 30	285.78
USD PKR Interbank Buying / Nov 30	285.23
USD to Japanese Yen / Nov 30	148.02
USD to Swiss Franc / Nov 30	0.87
Pound Sterling to USD / Nov 30	1.26
Euro to USD / Nov 30	1.09
UK LIBOR % / Nov 30	5.46

Stock	Volume
S&P 500 / Nov 30	4567.80
India Sensex / Nov 30	66988.44
Tokyo Nikkei / Nov 30	33486.89
Nasdaq / Nov 30	14226.22
Hang Seng / Nov 30	17042.88
FTSE 100 / Nov 30	7453.75
Dow Jones / Nov 30	35950.89
Germany DAX 30 / Nov 30	16215.43
France CAC40 / Nov 30	7310.77

Item	Value
Crude Oil USD/Barrel / Nov 30	75.50
Karachi Cotton PKR/37.32 KG / Nov 30	17435
Gold 10 Grams PKR / Nov 30	189472
Gold Spot USD/Ounce / Nov 30	2039.45
Cotton US¢/pound / Nov 30	80.06

Avari Hotels, Avari family target of alleged blackmail & vilification campaign

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