Trends - IMF - Business Recorder

IMF

Fuel subsidy: an unwanted gift?

The ongoing saga of Pakistan’s economic crisis continues to take sharp twists and turns each passing day as the...

Published 24 Mar, 2023 07:24pm

Pakistan

IMF seeks financial assurances before taking 'next step with Pakistan'

Says Pakistan's economy faces multiple challenges including from slowing growth, high inflation and large financing needs

Updated 24 Mar, 2023 04:25pm

World

IMF warns Lebanon at ‘very dangerous moment’

BEIRUT: Crisis-hit Lebanon is “at a very dangerous moment”, a visiting International Monetary Fund delegation...

Published 24 Mar, 2023 05:55am

Ministry given six weeks to draft fuel relief package

Petroleum Minister Musadik Malik says package is a pricing scheme and not a subsidy

Updated 24 Mar, 2023 09:02am

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

World

IMF calls for ‘continued vigilance’ in wake of banking turmoil

WASHINGTON: Rapid actions by policymakers and major central banks after banking collapses in the United States and...

Published 23 Mar, 2023 08:46pm

Pakistan

Zalmay warns govt of ‘triple crisis’ if ‘tough’ steps taken against IK

ISLAMABAD: Former US special representative for Afghanistan Zalmay Khalilzad has once again warned the government of...

Published 23 Mar, 2023 05:47am

Opinion

IMF bailout: fingers crossed

This is apropos a letter to the Editor ‘IMF no solution to the problem...’ carried by the newspaper yesterday...

Updated 23 Mar, 2023 06:32am

Markets

Currency values in terms of Special Drawing Rights

WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special...

Published 23 Mar, 2023 05:47am

Editorials

We are Pakistanis, firstly and lastly

EDITORIAL: Today, it has been 83 years since a historic resolution was passed for establishment of a separate...

Published 23 Mar, 2023 05:47am

Pakistan

‘Pakistan is running out of time,’ warns PBC as IMF programme hangs in balance

As stakeholders contest short-term power, Pakistan's long-term future is in jeopardy, says Pakistan Business Council

Updated 22 Mar, 2023 04:44pm

Markets

Rupee strengthens against US dollar, settles at 283.20

Currency appreciates 0.25% in inter-bank market

Updated 22 Mar, 2023 06:52pm

World

IMF links SL bailout to tackling corruption

COLOMBO: Sri Lanka must not allow entrenched corruption to undermine a bailout for its bankrupt economy, the IMF ...

Published 22 Mar, 2023 06:24am

Opinion

IMF no solution to the problem…

The Pakistan Democratic Movement (PDM) government versus the Pakistan Tehreek-e-Insaf (PTI) war of attrition has...

Published 22 Mar, 2023 06:24am

Editorials

Relief packages: a euphemism for subsidies

EDITORIAL: Prime Minister Shehbaz Sharif has announced two relief packages, read subsidies, for the poor and...

Published 22 Mar, 2023 06:24am

Economic assistance: Confirmation from friendly states likely in a few days: minister

Ahsan Iqbal says Pakistan has fulfilled almost all conditions of IMF

Updated 22 Mar, 2023 09:08am

Life & Style

Amid an uncertain economic environment, Pakistan's fashion industry pivots to maintain sales

A weakening rupee, rising inflation and a tight leash on imports brought on by depleting foreign exchange reserves...

Published 22 Mar, 2023 04:52am

Markets

Rupee makes minor gain against US dollar, settles at 283.92

Currency appreciates 0.04% in inter-bank market

Updated 22 Mar, 2023 10:16am

Opinion

We’ve no Narasimha Rao or Manmohan Singh

It was in 1991 that India was hit by a major economic crisis resulting from a huge balance of payments deficit. The...

Updated 21 Mar, 2023 07:08am

Opinion

Falling exports and imports

The February figures of exports, imports and balance of trade have just been released. They tell a story of extreme...

Updated 21 Mar, 2023 07:01am

Editorials

The build-up of wider inflationary risks

EDITORIAL: The World Bank in its latest publication “Food Security Update” awarded Pakistan the dubious title of...

Updated 21 Mar, 2023 06:52am

$7.407bn borrowed from multiple financing sources in 8 months

ISLAMABAD: The government has borrowed $7.407 billion from multiple financing sources, including $900 million from...

Updated 21 Mar, 2023 09:00am

Business & Finance

N-programme: Dar says he is being misquoted

ISLAMABAD: Finance Minister Ishaq Dar’s said that his statement on the floor of the Senate on 16th March, 2023, in...

Published 21 Mar, 2023 06:29am

Pakistan

Govt did not consult ahead of announcing fuel subsidy proposal: IMF

Pakistan authorities did not consult with the International Monetary Fund (IMF) staff ahead of announcing their...

Updated 21 Mar, 2023 09:02am

Markets

Sri Lanka seeks 10-year debt moratorium ahead of IMF bailout

COLOMBO: Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil...

Published 20 Mar, 2023 03:43pm

Markets

Rupee declines significantly, settles at 284.03 against US dollar

Currency depreciates 0.82% in inter-bank market

Updated 22 Mar, 2023 10:17am

Pakistan

IMF deal violation by PTI govt described as conspiracy

FAISALABAD: Federal Interior Minister Rana Sana Ullah Khan said on Sunday that signing of an International Monetary...

Published 20 Mar, 2023 06:12am

Pakistan

Qureshi asks Dar to clarify his missile statement

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) vice chairman Shah Mahmood Qureshi on Sunday demanded that Finance ...

Published 20 Mar, 2023 06:12am

Markets

PKR declines 0.33pc

KARACHI: The rupee depreciated a marginal 0.33% during the previous week, aided by recovery on the final two days to...

Published 20 Mar, 2023 06:12am

Editorials

‘Reimagining Pakistan’

EDITORIAL: Ideas about rescuing the economy, especially about ending its dependence on donor bailouts, come a dime a...

Published 20 Mar, 2023 06:12am

Gainers
Losers
Leaders

Stock	Price
Pak Gen.Ins. / Mar 25 The Pakistan General Insurance Co. Ltd.(PKGI)	4.25 ▲ 0.39 (10.10%)
KASB Modaraba / Mar 25 KASB Modaraba(KASBM)	1.25 ▲ 0.11 (9.65%)
Khyber Tex. / Mar 25 Khyber Textile Mills Limited(KHYT)	297.60 ▲ 20.76 (7.50%)
Shield Corp. / Mar 25 Shield Corporation Limited(SCL)	244.99 ▲ 17.09 (7.50%)
Sapphire Fibres / Mar 25 Sapphire Fibres Limited(SFL)	1026.39 ▲ 71.60 (7.50%)
Tandlianwala Sugar / Mar 25 Tandlianwala Sugar Mills Limited(TSML)	83.72 ▲ 5.84 (7.50%)
Khairpur / Mar 25 Khairpur Sugar Mills Limited(KPUS)	57.38 ▲ 4.00 (7.49%)
Pakistan Services / Mar 25 Pakistan Services Limited(PSEL)	1277 ▲ 89.00 (7.49%)
Shahtaj Textile / Mar 25 Shahtaj Textile Limited(STJT)	84.22 ▲ 5.87 (7.49%)
Shakarganj / Mar 25 Shakarganj Limited(SML)	33.50 ▲ 2.33 (7.48%)

Stock	Price
Dewan Sugar / Mar 25 Dewan Sugar Mills Limited(DWSM)	2.22 ▼ -0.29 (-11.55%)
Pak Agro Pack. (GEM) / Mar 25 Pak Agro Packaging Limited (GEM)(GEMPAPL)	7.88 ▼ -1.00 (-11.26%)
HBL Invest Fund / Mar 25 HBL Investment Fund(HIFA)	1.55 ▼ -0.15 (-8.82%)
Kohat Textile / Mar 25 Kohat Textile Mills Limited(KOHTM)	10.55 ▼ -1.00 (-8.66%)
Colony Tex.Mills Ltd / Mar 25 Colony Textile Mills Limited(CTM)	2.41 ▼ -0.21 (-8.02%)
D.S. Ind. Ltd. / Mar 25 D.S. Industries Limited(DSIL)	2.22 ▼ -0.18 (-7.50%)
Gadoon Textile / Mar 25 Gadoon Textile Mills Limited(GADT)	193.33 ▼ -15.67 (-7.50%)
Philip Morris Pak. / Mar 25 Philip Morris (Pakistan) Limited(PMPK)	471.75 ▼ -38.25 (-7.50%)
Quetta Textile / Mar 25 Quetta Textile Mills Limited(QUET)	15.67 ▼ -1.27 (-7.50%)
Masood Textile / Mar 25 Masood Textile Mills Limited(MSOT)	41.42 ▼ -3.33 (-7.44%)

Stock	Volume
Fauji Cement / Mar 25 Fauji Cement Company Limited(FCCL)	17,487,500 ▼ -0.23
WorldCall Telecom / Mar 25 Worldcall Telecom Limited(WTL)	11,071,860 ▼ -0.02
Thatta Cement / Mar 25 Thatta Cement Company Limited(THCCL)	9,211,500 ▼ -0.16
Fauji Foods Ltd / Mar 25 Fauji Foods Limited(FFL)	7,792,084 ▼ -0.14
Ghani Glo Hol / Mar 25 Ghani Global Holdings Limited(GGL)	5,968,150 ▼ -0.59
Telecard Limited / Mar 25 Telecard Limited(TELE)	5,558,000 ▼ -0.52
Hascol Petrol / Mar 25 Hascol Petroleum Limited(HASCOL)	4,387,500 ▼ -0.11
Meezan Bank / Mar 25 Meezan Bank Limited(MEBL)	3,700,308 ▼ -0.27
Cnergyico PK / Mar 25 Cnergyico PK Limited(CNERGY)	3,587,106 ▼ -0.06
Maple Leaf Cement / Mar 25 Maple Leaf Cement Factory Limited(MLCF)	3,522,701 ▼ -0.31

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	285.50
USD PKR Interbank Buying / Mar 22	283.20
USD to Japanese Yen / Mar 24	130.73
USD to Swiss Franc / Mar 24	0.92
Pound Sterling to USD / Mar 24	1.22
Euro to USD / Mar 24	1.08
UK LIBOR % / Mar 22	4.56

Stock	Volume
S&P 500 / Mar 24	3970.99
India Sensex / Mar 24	57527.10
Tokyo Nikkei / Mar 24	27385.25
Nasdaq / Mar 24	11823.96
Hang Seng / Mar 24	19915.68
FTSE 100 / Mar 24	7405.45
Dow Jones / Mar 24	32237.53
Germany DAX 30 / Mar 24	14957.23
France CAC40 / Mar 24	7015.10

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 22	175068
Crude Oil USD/Barrel / Mar 24	69.26
Gold Spot USD/Ounce / Mar 24	1978.21
Cotton US¢/pound / Mar 24	76.54

IMF

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