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debts

Understanding the present crisis

Understanding the problem is half the solution. This article spells out the top three problems that constitute the...

Updated 25 Jan, 2023 11:04am

World

UK borrowing balloons on energy support: data

LONDON: The UK government’s debt almost tripled last month as it subsidises gas and electricity bills to protect...

Published 24 Jan, 2023 05:57pm

Country needs to repay $3bn debt in five months: SBP

KARACHI: Governor State Bank of Pakistan (SBP) Jameel Ahmad has said that Pakistan is out of default as major...

Updated 24 Jan, 2023 08:52am

Business & Finance

Yellen says a US default could cause global financial crisis

DAKAR/WASHINGTON: US Treasury Secretary Janet Yellen said on Friday that a potential US default could cause a global...

Published 21 Jan, 2023 06:41am

Opinion

Debt, inequality and austerity

‘In most western countries, inequality is rising, and social mobility has stalled. Our citizens are losing...

Published 20 Jan, 2023 06:44am

Editorials

Fraught present, unknown future

EDITORIAL: The country is fast approaching a point of no return. If the economy is forced upon a default on its...

Updated 20 Jan, 2023 02:33pm

Business & Finance

US hits debt ceiling amid standoff between Republicans, Democrats

WASHINGTON: The US government hit its $31.4 trillion borrowing limit on Thursday, amid a standoff between the...

Published 20 Jan, 2023 06:10am

World

US starts ‘extraordinary measures’ to avert debt default: Treasury

WASHINGTON: The US Treasury began taking measures Thursday to prevent a default on government debt, as Congress...

Published 19 Jan, 2023 08:40pm

World Bank delays approval of $1.1bn loans for Pakistan

ISLAMABAD: The World Bank has delayed the approval of two loans for Pakistan worth $1.1 billion until the next...

Updated 19 Jan, 2023 12:24pm

World

India ‘strongly supports’ Sri Lanka debt restructuring plan, it tells IMF

COLOMBO: India has told the International Monetary Fund that it strongly supports Sri Lanka’s debt restructuring...

Published 18 Jan, 2023 07:09pm

Pakistan

World Bank delays approval of $1.1 billion loans for Pakistan: source

Major issue is circular debt management plan in the energy sector and tariff revision

Published 18 Jan, 2023 06:50pm

Business & Finance

Pasha warns of stagflation this year

LAHORE: Noted economist and former finance minister Dr Hafiz Pasha has warned that Pakistan inflation can skyrocket...

Published 18 Jan, 2023 06:22am

Opinion

Stinking political quagmire

The topmost immediate requirements to take the economy out of the tailspin are political clarity and certainty,...

Published 16 Jan, 2023 06:51am

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

Business & Finance

Reforms, not aid pledges, needed for improving economy: BMP

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) said on Sunday that...

Published 16 Jan, 2023 06:18am

Opinion

Managing sovereign default

Nations can and do periodically default on their sovereign debt, despite the fact that they do so comparatively...

Updated 13 Jan, 2023 07:41am

Opinion

Global economic challenges and prospects for 2023

A few days before the release of World Bank’s flagship ‘Global Economic Prospects’ (GEP) January 2023 report...

Updated 13 Jan, 2023 07:33am

Business & Finance

Cost-of-living crisis ‘biggest global risk’

LONDON: The cost-of-living crisis will be the biggest global risk over the next two years, a survey by the World...

Published 12 Jan, 2023 05:51am

Opinion

FDI: disastrous policies

This writer has been writing following in response to the news that the Government of Pakistan is considering...

Published 11 Jan, 2023 06:33am

World

Sri Lanka says treasury running dry, cuts spending

COLOMBO: Bankrupt Sri Lanka announced on Tuesday sharp government spending cuts and warned it had barely enough...

Published 11 Jan, 2023 05:53am

Opinion

All roads lead to the Fund

The press release, subsequent to the two-day fortieth National Security Council (NSC) meeting, noted that ...

Published 09 Jan, 2023 06:01am

Opinion

How to deal with Pakistan’s forthcoming currency crisis

“There are no solutions. There are only trade-offs.” ? Thomas Sowell Nomura has warned that Pakistan faces currency...

Published 07 Jan, 2023 06:00am

Pace of domestic debt accumulation accelerates

Recent increase in debt burden emanated from higher fiscal and current account deficit

Updated 07 Jan, 2023 04:28pm

Opinion

PKR in Daristan

The rupee-dollar parity during two tenures of Ishaq Dar as finance minister (2013-17 and 27 September 2022 to date)...

Published 19 Dec, 2022 06:00am

Business & Finance

China agrees to formation of global sovereign debt ‘roundtable’: IMF

WASHINGTON: Chinese officials have agreed to participate in a global sovereign debt “roundtable” that would...

Published 17 Dec, 2022 05:58am

World

IMF says global debt well above pre-pandemic levels despite steep 2021 drop

WASHINGTON: Global public and private debt saw its biggest drop in 70 years in 2021 after reaching record highs...

Published 12 Dec, 2022 09:15pm

Govt committed to bringing economic stability: Dar

LAHORE: Federal Minister for Finance Ishaq Dar has said that the country was plunged into economic crisis due to...

Updated 12 Dec, 2022 09:40am

Business & Finance

China's Big Five banks deliver strong profits as bad debts shrink

SHANGHAI: China's five largest state-owned banks posted their strongest first quarter net profit growth for at least...

Published 30 Apr, 2022 02:13pm

Gainers
Losers
Leaders

Stock	Price
Data Textile / Jan 27 Data Textiles Limited(DATM)	3.08 ▲ 1.00 (48.08%)
Jahangir Sidd(Pref) / Jan 27 Jahangir Sidd(Pref)(JSCLPSA)	6.90 ▲ 1.00 (16.95%)
Premier Insurance / Jan 27 Premier Insurance Limited(PINL)	7.55 ▲ 1.00 (15.27%)
MetaTech. / Jan 27 MetaTech Health Limited(META)	7.56 ▲ 1.00 (15.24%)
Synthetic Prod / Jan 27 Synthetic Products Enterprises Limited(SPEL)	9.70 ▲ 0.89 (10.10%)
B. F. Mod. / Jan 27 B.F. Modaraba(BFMOD)	4 ▲ 0.35 (9.59%)
Asim Textile / Jan 27 Asim Textile Mills Limited(ASTM)	6.35 ▲ 0.55 (9.48%)
Ruby Tex. / Jan 27 Ruby Textile Mills Limited(RUBY)	3.60 ▲ 0.30 (9.09%)
Int. Knit. / Jan 27 International Knitwear Limited(INKL)	13.24 ▲ 1.00 (8.17%)
Habib Modaraba / Jan 27 First Habib Modaraba(FHAM)	7.84 ▲ 0.59 (8.14%)

Stock	Price
Tri-Star Mutual / Jan 27 Tri-Star Mutual Fund Limited(TSMF)	4.02 ▲ -0.67 (-14.29%)
PICIC Ins.Ltd. / Jan 27 PICIC Insurance Limited(PIL)	0.70 ▲ -0.09 (-11.39%)
First Fid. Leasing / Jan 27 First Fidelity Leasing Modaraba(FFLM)	2 ▲ -0.20 (-9.09%)
786 Invest Ltd / Jan 27 786 Investments Limited(786)	4.53 ▲ -0.37 (-7.55%)
Bhanero Textile / Jan 27 Bhanero Textile Mills Limited(BHAT)	1110 ▲ -89.99 (-7.50%)
Sardar Chemical / Jan 27 Sardar Chemical Industries Limited(SARC)	37.71 ▲ -3.05 (-7.48%)
Sapphire Fibres / Jan 27 Sapphire Fibres Limited(SFL)	1147 ▲ -92.57 (-7.47%)
Shahtaj Textile / Jan 27 Shahtaj Textile Limited(STJT)	88.80 ▲ -7.16 (-7.46%)
Khyber Tex. / Jan 27 Khyber Textile Mills Limited(KHYT)	81 ▲ -6.00 (-6.90%)
Pak Synthetics / Jan 27 Pakistan Synthetics Limited(PSYL)	34.55 ▲ -2.50 (-6.75%)

Stock	Volume
Cnergyico PK / Jan 27 Cnergyico PK Limited(CNERGY)	44,447,487 ▼ 0.25
WorldCall Telecom / Jan 27 Worldcall Telecom Limited(WTL)	20,618,001 ▼ 0.01
TPL Properties / Jan 27 TPL Properties Limited(TPLP)	19,968,487 ▼ 0.28
D.G.K.Cement / Jan 27 D.G. Khan Cement Company Limited(DGKC)	13,465,877 ▼ 0.78
Maple Leaf Cement / Jan 27 Maple Leaf Cement Factory Limited(MLCF)	13,339,412 ▼ 1.57
Pak Petroleum / Jan 27 Pakistan Petroleum Limited(PPL)	13,282,160 ▲ -0.09
Sui North Gas / Jan 27 Sui Northern Gas Pipelines Limited(SNGP)	12,693,670 ▼ 0.25
Pak Refinery / Jan 27 Pakistan Refinery Limited(PRL)	10,375,518 ▼ 1.00
TRG Pak Ltd / Jan 27 TRG Pakistan Limited(TRG)	10,071,580 ▼ 1.23
Habib Bank / Jan 27 Habib Bank Limited(HBL)	8,725,035 ▼ 5.10

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 26	259.75
USD PKR Interbank Buying / Jan 26	254.75
USD to Japanese Yen / Jan 26	130.32
USD to Swiss Franc / Jan 26	0.92
Pound Sterling to USD / Jan 26	1.24
Euro to USD / Jan 26	1.09
UK LIBOR % / Jan 25	4.31

Stock	Volume
India Sensex / Jan 25	60205.06
S&P 500 / Jan 26	4037.21
Tokyo Nikkei / Jan 26	27362.75
Nasdaq / Jan 26	11434.21
Hang Seng / Jan 26	22566.78
FTSE 100 / Jan 26	7757.99
Dow Jones / Jan 26	33786.17
Germany DAX 30 / Jan 26	15117.77
France CAC40 / Jan 26	7097.28

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 25	20235
Crude Oil USD/Barrel / Jan 26	81.17
Gold 10 Grams PKR / Jan 26	167610
Gold Spot USD/Ounce / Jan 26	1933.10
Cotton US¢/pound / Jan 26	88.52

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