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EFF

The ‘ninth review’ remains elusive

EDITORIAL: While the Board of Directors meetings of the International Monetary Fund (IMF) scheduled till 17 May 2023...

Published 10 May, 2023 06:03am

IMF’s May meetings: Pakistan not on agenda as bailout remains stalled

According to the IMF Executive Board calendar available on its website, next meetings are scheduled for May 11, 15, and 17

Updated 09 May, 2023 10:10am

Business & Finance

FPCCI seems perturbed about steep fall in exports

KARACHI: Irfan Iqbal Sheikh, President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has...

Published 07 May, 2023 03:21am

Editorials

Future of Pak-US engagement

EDITORIAL: If Masood Khan, Pakistan’s envoy in Washington, didn’t expect his call for resumption of military aid...

Published 04 May, 2023 04:26am

Opinion

‘Power transmission as ‘service’’

This is apropos a letter to the Editor ‘Power transmission as ‘service’’ carried by the newspaper on...

Updated 14 Apr, 2023 06:55am

Editorials

IMF bailout in sight: misplaced optimism?

EDITORIAL: A statement issued by the Ministry of Finance has revealed that the economic team led by Finance Minister...

Updated 14 Apr, 2023 06:49am

Dar, others participate in IMF/WB meetings thru Zoom platform

ISLAMABAD: Finance Minister Ishaq Dar attended IMF/ World Bank Spring meetings through Zoom from Islamabad with a...

Updated 13 Apr, 2023 08:42am

Pakistan

IMF official has expressed confidence SLA will be signed soon, says Pakistan's Finance Division

Statement comes after Finance Minister Ishaq Dar attends IMF-World Bank spring meetings virtually from Islamabad

Updated 12 Apr, 2023 11:14pm

0.4pc growth rate foreseen: World Bank warns of a ‘macro-economic crisis’

ISLAMABAD: The World Bank (WB) has warned that a macroeconomic crisis could materialize in Pakistan, given the...

Updated 05 Apr, 2023 08:49am

Opinion

The IMF-govt trust deficit

The Pakistani public is being subjected to extremely disturbing macroeconomic indicators with each subsequent update...

Published 27 Mar, 2023 06:15am

Editorials

Height of irresponsibility

EDITORIAL: The way Pakistan’s nuclear programme has been dragged into the debate about the IMF (International...

Published 26 Mar, 2023 03:19am

Policy efforts, 9th review’s success: Timely external aid will be critical: IMF

ISLAMABAD: Timely financial assistance from external partners will be critical to support the Pakistani authorities’...

Updated 25 Mar, 2023 06:05pm

No requirement in Pakistan programme that interferes with polls: IMF

KARACHI: The International Monetary Fund (IMF) said on Thursday that decisions regarding the constitutionality,...

Updated 24 Mar, 2023 09:00am

Editorials

Bank borrowing

EDITORIAL: Bank deposits grew by 15 percent in one year to 22.92 trillion rupees in February 2023 compared to 19.91...

Published 16 Mar, 2023 06:01am

ADB Mission says IMF’s 9/10th review should stay on track

ISLAMABAD: While noting sluggish progress on two prior policy actions, an Asian Development Bank (ADB) Mission has...

Updated 15 Mar, 2023 09:18am

Editorials

IMF ninth review: inordinate delay

EDITORIAL: Finance minister Ishaq Dar while addressing a seminar titled ‘Revising economic stability through...

Published 13 Mar, 2023 06:15am

Business & Finance

Country to be on brink of default for foreseeable future: FPCCI

KARACHI: President of the FPCCI Irfan Iqbal Sheikh has stressed that it is the collective wisdom of the entire...

Published 10 Mar, 2023 03:46am

Editorials

What’s behind lower revenue collection?

EDITORIAL: The shortfall in Federal Board of Revenue’s (FBR’s) collection for the first eight months of the...

Published 10 Mar, 2023 03:46am

Business & Finance

Honda Atlas shuts plant till March 31 due to supply chain disruptions

Says restrictions on opening of Letters of Credit for import of CKD kits, raw materials and halting foreign payments have hit supply chain

Updated 08 Mar, 2023 01:20pm

PKR depreciation, borrowing: Debt stocks soar to Rs55trn by Jan-end

Most of the increase was recorded in external debt due to Pak rupee depreciation

Updated 08 Mar, 2023 12:43pm

SOEs: MoF prepares draft policy

ISLAMABAD: Ministry of Finance (MoF) has prepared a draft State-Owned Enterprises (SOEs) policy with technical...

Updated 07 Mar, 2023 08:48am

Policy rate hiked by 300bps to 20pc to tame inflation

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Thursday increased the key...

Updated 03 Mar, 2023 08:53am

Markets

SBP raises key interest rate by 300bps, takes it to 20%

Monetary Policy Committee expects inflation to rise further in the next few months
Also moves next MPC meeting to April 4 from April 27

Updated 02 Mar, 2023 09:20pm

Opinion

Reticence amongst some of the friendly countries in disbursing already pledged support and roll overs major reasons for the stalled ninth review of IMF

Updated 27 Feb, 2023 10:37am

IMF, not govt, responsible for stalled lending?

Ministry of Finance claims the government had been requesting IMF to send the mission since October, 2022

Updated 22 Feb, 2023 11:01am

Pakistan

'No subsidies for wealthy': IMF 'very clear', wants Pakistan's poor protected

Fund managing director Kristalina Georgieva says IMF asking for steps that Pakistan needs to take to be able to function as a country and not to get into a dangerous place where its debt needs to be restructured

Updated 20 Feb, 2023 04:52pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 10	278.14
USD PKR Interbank Buying / May 10	277.97
USD to Japanese Yen / May 10	155.70
USD to Swiss Franc / May 10	0.91
Pound Sterling to USD / May 10	1.25
Euro to USD / May 10	1.08

Stock	Volume
S&P 500 / May 9	5214.08
Nasdaq / May 9	16346.27
Dow Jones / May 9	39387.76
India Sensex / May 10	72468.66
Tokyo Nikkei / May 10	38229.11
Hang Seng / May 10	18970.69
FTSE 100 / May 10	8438.19
Germany DAX 30 / May 10	18827.29

Item	Value
Petrol/Litre / May 10	288.49
Crude Oil USD/Barrel / May 10	79.87
Karachi Cotton PKR/37.32 KG / May 10	19935
Gold 10 Grams PKR / May 10	209019
Gold Spot USD/Ounce / May 10	2369.35
Diesel/Litre / May 10	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 10 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 10 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 10 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 10 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 10 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 10 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 10 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 10 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 10 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 10 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 10 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 10 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 10 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 10 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 10 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 10 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 10 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 10 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 10 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 10 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 10 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 10 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 10 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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