Trends - Extended Fund Facility

Extended Fund Facility

IMF urges Pakistan to continue monetary policy tightening cycle

Tightening cycle should continue if needed to reduce inflation and facilitate external rebalancing, says staff report

Published 18 Jul, 2023 10:56pm

Editorials

The post-budget claims

EDITORIAL: Prime Minister Shehbaz Sharif, two days after the budget was presented, once again expressed optimism on...

Published 13 Jun, 2023 06:00am

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

Forex reserves fall below $3bn on debt repayments

KARACHI: The country’s total liquid foreign exchange reserves further shrunk by $202 million during the last ...

Updated 10 Feb, 2023 08:54am

Opinion

Lethargic economic management

About 84% of countries are expected to have lower headline (consumer price index) inflation in 2023 than in 2022....

Published 03 Feb, 2023 06:17am

Business & Finance

Forex reserves plunge by about $1bn

KARACHI: The crisis of foreign exchange reserves has further escalated as the country’s total liquid forex reserves...

Published 27 Jan, 2023 06:15am

Business & Finance

Market expects Geneva pledges to help ease pressure on foreign exchange reserves

KARACHI: With some $10 billion commitments in the Geneva Conference, the default risk has further reduced and the...

Updated 10 Jan, 2023 09:59am

Pakistan repays over $1bn external debt

KARACHI: The country has successfully repaid over one-billion-dollar external debt to international financial...

Updated 08 Jan, 2023 11:26am

World

IMF executive board approves $3bn Egypt extended arrangement

CAIRO: The International Monetary Fund (IMF) executive board has approved a 46-month $3 billion financial support...

Updated 17 Dec, 2022 04:11pm

Pakistan

IMF says discussions with Pakistan 'productive', looks forward to continuing dialogue

IMF review for the release of the next tranche of funding has been pending since September

Published 13 Dec, 2022 11:27pm

Pakistan

Pakistan flood recovery plan key to continued financial support: IMF

Resident representative says IMF staff continuing discussions with Pakistani authorities over policies to reprioritise and better target support toward humanitarian needs, while accelerating reform efforts to preserve economic and fiscal sustainability

Published 23 Nov, 2022 11:50pm

Editorials

Missed revenue target

EDITORIAL: After exceeding projections for several months, it’s the same old story at the Federal Board of Revenue...

Published 05 Nov, 2022 05:53am

Pakistan

IMF to support Pakistan's flood relief, reconstruction efforts 'under current programme'

IMF Resident Representative to Pakistan says will work with others in the international community to support, under the current programme, the authorities’ relief and reconstruction efforts, while ensuring sustainable policies and macroeconomic stability

Updated 18 Sep, 2022 09:20pm

Opinion

Shocks and Pakistan’s economy

‘We are living in a time of overlapping emergencies: the pandemic is not over, climate change is a reality, and...

Published 09 Sep, 2022 06:09am

Pakistan

Floods and earthquakes: Pakistan hardest-hit country in CAREC region: ADB

ISLAMABAD: The Asian Development Bank (ADB) has stated that Pakistan is on top in terms of an absolute amount of ...

Published 07 Sep, 2022 04:13am

Pakistan

BISP: indicative target missed by a wide margin

ISLAMABAD: Pakistan missed by a large margin an indicative target (IT) pertaining to Benazir Income Support ...

Published 03 Sep, 2022 04:25am

IMF conveniently ignores devastation wrought by floods

Report projects 3.5pc growth against the budgeted 5pc

Updated 03 Sep, 2022 09:44am

0.2pc of GDP: Plan to achieve paltry primary surplus a welcome step: Fund

ISLAMABAD: The International Monetary Fund (IMF) has termed the authorities' plan to achieve a small primary...

Updated 03 Sep, 2022 09:43am

Domestic consumers: Power tariff adjustments will continue, IMF assured

ISLAMABAD: The government has assured the International Monetary Fund (IMF) that it will continue adjustments in...

Updated 03 Sep, 2022 09:42am

Business & Finance

IMF urges bilateral creditors to maintain exposure to Pakistan

ISLAMABAD: The International Monetary Fund (IMF) has urged all key bilateral creditors to maintain their exposure to...

Updated 03 Sep, 2022 12:31pm

Business & Finance

PL on petrol hiked Rs7.50 more than pledge to IMF

ISLAMABAD: The government had pledged to the International Monetary Fund (IMF) to increase petroleum levy on petrol...

Updated 03 Sep, 2022 12:21pm

Opinion

Multiple challenges

Pakistan is the fifth most populous country in the world which as on August 23, 2022 is 230,052,620 as per...

Published 26 Aug, 2022 05:35am

IMF board meeting on 29th

ISLAMABAD: The International Monetary Fund (IMF) Executive Board meeting for the combined seventh and eight reviews...

Updated 18 Aug, 2022 09:33am

Pakistan

IMF says Executive Board meeting set for August 29

Will meet for combined seventh and eight review under the Extended Fund Facility

Updated 17 Aug, 2022 11:18pm

Editorials

When it rains, it pours

EDITORIAL: It goes from bad to worse every day in the south, especially Balochistan, as earthquakes now compound the...

Published 08 Aug, 2022 05:41am

Once IMF programme resumes: ADB to disburse over $1.5bn to support BoP

Govt had requested ADB in June to expedite disbursement of nearly $2 billion

Updated 06 Aug, 2022 09:31am

Business & Finance

Performance of SOEs: Process of hiring CMU initiated by MoF

ISLAMABAD: The Ministry of Finance has started the process for hiring of Central Monitoring Unit (CMU), which will ...

Published 06 Aug, 2022 04:02am

Editorials

Intervention to shore up the economy

EDITORIAL: COAS (Chief of Army Staff) General Bajwa’s phone call to US Deputy Secretary of State Wendy Sherman...

Published 02 Aug, 2022 05:36am

Editorials

IMF, Moody’s, Fitch: dire warnings

EDITORIAL: Moody’s report on Pakistan refers to the continuing protracted negotiations with the International...

Published 20 Jul, 2022 05:48am

Pakistan

IMF announces staff-level agreement with Pakistan

Subject to Board approval, about $1.177bn will become available
IMF says Pakistan plans to undertake comprehensive review of anti-corruption institutions (including the National Accountability Bureau) to enhance effectiveness in investigating and prosecuting corruption cases

Updated 14 Jul, 2022 10:13am

Gainers
Losers
Leaders

Stock	Price
SME Leasing Ltd / Oct 3 SME Leasing Limited(SLL)	2.24 ▲ 0.47 (26.55%)
Hala Enterprise / Oct 3 Hala Enterprises Limited(HAEL)	8.99 ▲ 1.00 (12.52%)
Habib Ins. / Oct 3 Habib Insurance Company Limited(HICL)	5.05 ▲ 0.54 (11.97%)
Bank of Khyber / Oct 3 The Bank of Khyber(BOK)	11.92 ▲ 0.92 (8.36%)
Merit Packaging / Oct 3 Merit Packaging Limited(MERIT)	7.84 ▲ 0.59 (8.14%)
Engro Powergen / Oct 3 Engro Powergen Qadirpur Limited(EPQL)	25.02 ▲ 1.75 (7.52%)
Masood Textile / Oct 3 Masood Textile Mills Limited(MSOT)	41.82 ▲ 2.92 (7.51%)
United Dist. / Oct 3 United Distributors Pakistan Limited(UDPL)	34.06 ▲ 2.38 (7.51%)
First Tri-Star Mod. / Oct 3 First Tri-Star Modaraba(FTSM)	17.20 ▲ 1.20 (7.50%)
K.S.B.Pumps / Oct 3 KSB Pumps Company Limited(KSBP)	99.13 ▲ 6.92 (7.50%)

Stock	Price
Punjab Mod / Oct 3 First Punjab Modaraba(FPJM)	1.40 ▼ -0.39 (-21.79%)
Grays Leasing / Oct 3 Grays Leasing Limited(GRYL)	3.40 ▼ -0.70 (-17.07%)
First Elite Cap.Mod / Oct 3 First Elite Capital Modaraba(FECM)	2.71 ▼ -0.49 (-15.31%)
Next Capital / Oct 3 Next Capital Limited(NEXT)	4.14 ▼ -0.55 (-11.73%)
Aisha Steel(ConPS) / Oct 3 Aisha Steel(ConPS)(ASLPS)	8.17 ▼ -1.00 (-10.91%)
Leather Up Ltd. / Oct 3 Leather Up Limited(LEUL)	10.71 ▼ -0.98 (-8.38%)
Unicap Modaraba / Oct 3 Unicap Modaraba(UCAPM)	1.36 ▼ -0.12 (-8.11%)
Hussain Industries / Oct 3 Husein Industries Limited(HUSI)	15.40 ▼ -1.25 (-7.51%)
Mehmood Tex / Oct 3 Mehmood Textile Mills Limited(MEHT)	518 ▼ -42.00 (-7.50%)
Premier Sugar / Oct 3 The Premier Sugar Mills(PMRS)	521.37 ▼ -42.27 (-7.50%)

Stock	Volume
WorldCall Telecom / Oct 3 Worldcall Telecom Limited(WTL)	60,699,741 ▲ 0.01
Cnergyico PK / Oct 3 Cnergyico PK Limited(CNERGY)	18,949,237 ▲ 0.14
Oil & Gas Dev. / Oct 3 Oil & Gas Development Company Limited(OGDC)	17,023,821 ▼ -1.11
Unity Foods Ltd / Oct 3 Unity Foods Limited(UNITY)	8,518,496 ▼ -0.64
Bankislami Pak. / Oct 3 BankIslami Pakistan Limited(BIPL)	6,619,948 ▼ -0.06
Pak Petroleum / Oct 3 Pakistan Petroleum Limited(PPL)	6,591,768 ▼ -0.41
K-Electric Ltd. / Oct 3 K-Electric Limited(KEL)	6,049,235 ▲ 0.05
First Prudential Mod. / Oct 3 First Prudential Modaraba(PMI)	5,527,500 ▼ -0.08
Pak Refinery / Oct 3 Pakistan Refinery Limited(PRL)	5,279,550 ▲ 0.11
Fauji Foods Ltd / Oct 3 Fauji Foods Limited(FFL)	4,965,711 ▲ 0.15

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 3	286.04
USD PKR Interbank Buying / Oct 3	285.64
USD to Japanese Yen / Oct 3	149.79
USD to Swiss Franc / Oct 3	0.92
Pound Sterling to USD / Oct 3	1.21
Euro to USD / Oct 3	1.05
UK LIBOR % / Sep 28	5.43

Stock	Volume
S&P 500 / Oct 2	4288.39
India Sensex / Oct 2	65828.41
Nasdaq / Oct 2	13307.77
Dow Jones / Oct 2	33433.35
Tokyo Nikkei / Oct 3	31237.94
Hang Seng / Oct 3	17295.97
FTSE 100 / Oct 3	7509.27
Germany DAX 30 / Oct 3	15210.01
France CAC40 / Oct 3	7048.41

Item	Value
Karachi Cotton PKR/37.32 KG / Oct 2	18235
Gold 10 Grams PKR / Oct 2	173610
Crude Oil USD/Barrel / Oct 3	88.49
Gold Spot USD/Ounce / Oct 3	1827.91
Cotton US¢/pound / Oct 3	87.52

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