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debts

Moody’s disputes govt’s growth assumption

Says Government of Pakistan’s budget lacks major revenue-raising or spending-containment measures to alleviate intense government liquidity pressures

Updated 16 Jun, 2023 08:54am

Opinion

This is a time of deep introspection

Pakistan is spiraling into abject poverty and is slipping further into the abyss. The World Bank (WB) reports that...

Published 14 Jun, 2023 06:21am

Pakistan

Training our manpower key to breaking debt trap: PDP

KARACHI: Expressing dismay at insufficient outlays in the budget for education and training sectors, Pasban...

Published 12 Jun, 2023 06:26am

Opinion

Climate change, debt, and inflation

“If you’ve been feeling confused and as though everything is impacting on you all at the same time, this is not ...

Updated 09 Jun, 2023 07:10am

External public debt recorded at $85.2bn by March-end

ISLAMABAD: External public debt was recorded at $85.2 billion at the end of March 2023, revealing a decrease of...

Updated 09 Jun, 2023 08:59am

Survey contains details of major socioeconomic indicators: MoF

ISLAMABAD: The Finance Ministry has stated that Pakistan Economic Survey being unveiled Thursday (June 8) will...

Updated 08 Jun, 2023 09:28am

Foreign loans, debt servicing: Repayment revised upward by MoEA

ISLAMABAD: The Ministry of Economic Affairs has revised upward by Rs402 billion repayment of short-term foreign loan...

Updated 07 Jun, 2023 08:55am

Govt debt stocks rise to Rs58.6trn

KARACHI: The federal government’s borrowing from domestic and external resources rose by 22.5 percent during the...

Updated 06 Jun, 2023 08:47am

Opinion

Global economic crisis: Neoliberalism, debt sustainability, SDRs, and multilateralism

The global economy is facing existential threats of climate change and Pandemicene crises. The underlying basis for...

Updated 26 May, 2023 07:12am

Opinion

Debt trap — I

Pakistan’s emergent default forecast derives its strength from the fact that it’s once negligible public debt of...

Updated 25 May, 2023 07:16am

Dar explains country’s debt burden

ISLAMABAD: The National Assembly was informed on Wednesday that total debt – both domestic and external debt – from...

Updated 25 May, 2023 02:33pm

Opinion

‘Pakistan paradox’

Argentina is a country that is well known for its football talent and Maradona is a name that most of the people ...

Published 22 May, 2023 06:23am

Opinion

A mission-oriented Budget

Never before in 75-year history of the country has Annual Budget been so important. Now that Pakistan has struggled...

Published 19 May, 2023 06:17am

Editorials

Reduction in POL products’ prices

EDITORIAL: Petrol price was slashed by 12 rupees per litre and high speed diesel’s 30 rupees per litre while...

Published 18 May, 2023 06:10am

Editorials

Fiscal mismanagement

EDITORIAL: In these times of an extremely tight fiscal position where the federal government’s net revenues are ...

Published 15 May, 2023 06:41am

Opinion

Economic stress

Since around September 2021, and especially since April last year, economic stress has come to Pakistan from a ...

Updated 12 May, 2023 06:33am

Pakistan needs significantly more financing for successful bailout review: IMF

WASHINGTON: Pakistan needs significant additional financing for a successful completion of the long-stalled ninth...

Updated 12 May, 2023 12:29pm

Business & Finance

US govt credit default swaps hit all time high on debt ceiling impasse

NEW YORK: The cost of insuring exposure to US government debt rose to fresh highs on Wednesday, as President Joe...

Published 11 May, 2023 05:54am

Govt set to repay or roll over $3.7bn debt

ISLAMABAD: Finance Ministry said on Tuesday arrangements had been made to repay or roll over this fiscal year’s $3.7...

Updated 10 May, 2023 08:56am

Business & Finance

Jul-Dec: Govt inks $3.9bn new loan agreements

ISLAMABAD: The government has signed new loan agreements worth $3.904 billion with development partners during the...

Published 10 May, 2023 06:03am

Yellen warns of ‘chaos’ if US fails to raise debt ceiling

WASHINGTON: US Treasury Secretary Janet Yellen warned Sunday that unless Congress acts soon to raise the nation’s...

Updated 08 May, 2023 09:00am

World

Yellen warns against debt ceiling talks with ‘gun to the head of the American people’

WASHINGTON: US Treasury Secretary Janet Yellen on Sunday warned that a failure by Congress to act on the debt...

Published 07 May, 2023 08:27pm

IMF to wrap up bailout review once financing in place

ISLAMABAD: The International Monetary Fund (IMF) continues to work with the Pakistani authorities to bring the ninth...

Updated 06 May, 2023 09:00am

Business & Finance

May-June period: Country faces $3.7bn debt repayments: Fitch

WASHINGTON: As the government struggles to secure a bailout from the International Monetary Fund (IMF), Fitch ...

Published 06 May, 2023 06:23am

Editorials

The growth downgrade

EDITORIAL: Debt Sustainability Analysis Fiscal Year 2022-23 by Economic Adviser’s Wing and uploaded on the Finance...

Published 02 May, 2023 05:59am

IMF conditionalities: US asks Pakistan to move ahead on stalled reforms

WASHINGTON: The United States called Thursday on Pakistan to move ahead on stalled reforms sought by the IMF,...

Updated 28 Apr, 2023 08:54am

Business & Finance

‘Pakistan facing difficult situation due to external debt’

KARACHI: Pakistan from the point of view of external debt is facing real difficult situation as it is among the 15...

Published 28 Apr, 2023 06:08am

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

World

Debt limit action should be ‘without conditions’: Yellen

WASHINGTON: A US debt default would trigger an “economic and financial catastrophe,” Treasury Secretary Janet Yellen...

Published 25 Apr, 2023 06:47pm

Opinion

An immediate call for a second Bretton Woods

The world is facing an existential threat in the shape of climate change crisis, with one of the main outcomes in ...

Updated 21 Apr, 2023 07:03am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 6	278.40
USD PKR Interbank Buying / May 6	278.20
USD to Japanese Yen / May 6	154.45
USD to Swiss Franc / May 6	0.91
Pound Sterling to USD / May 6	1.26
Euro to USD / May 6	1.08

Stock	Volume
S&P 500 / May 6	5180.74
India Sensex / May 6	73895.54
Tokyo Nikkei / May 6	38616.50
Nasdaq / May 6	16349.25
Hang Seng / May 6	18511.78
FTSE 100 / May 6	8213.49
Dow Jones / May 6	38852.27
Germany DAX 30 / May 6	18175.21

Item	Value
Crude Oil USD/Barrel / May 6	78.67
Karachi Cotton PKR/37.32 KG / May 6	19935
Gold 10 Grams PKR / May 6	206190
Gold Spot USD/Ounce / May 6	2322.75
Cotton US¢/pound / May 6	77.75
Petrol/Litre / May 7	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 7 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 7 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 7 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 7 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 7 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 7 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 7 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 7 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 7 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 7 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 7 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 7 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 7 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 7 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 7 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 7 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 7 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 7 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 7 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 7 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 7 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 7 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 7 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 7 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 7 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 7 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 7 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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