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IMF agreement

PM Shehbaz reiterates call for national unity on Charter of Economy

Premier says the risk of default is gone due to an agreement with the IMF

Published 22 Jul, 2023 07:57pm

Business & Finance

IMF agreement: Aussie envoy hails govt’s efforts

ISLAMABAD: Australian Ambassador to Pakistan Neil Hawkins on Wednesday appreciated the government’s efforts for ...

Published 20 Jul, 2023 03:12am

Markets

Brokerage house AHL expects KSE-100 to provide upside of 24% in FY24

AHL says KSE-100 could power past 56,000 level by June 2024

Updated 15 Jul, 2023 11:52pm

Pakistan

IMF Executive Board approves $3bn Stand-By Arrangement for Pakistan

Board’s approval allows for an immediate disbursement of SDR894 million or about US$1.2 billion

Updated 12 Jul, 2023 11:57pm

Pakistan

UAE has deposited $1bn in Pakistan’s central bank: Ishaq Dar

Finance minister says SBP-held foreign exchange reserves have gotten another boost after $2bn inflow from Saudi Arabia

Updated 12 Jul, 2023 07:57pm

Pakistan

PM’s coordinator Kiyani steps up criticism of PTI

LAHORE: Prime Minister’s Coordinator for Economy and Energy Bilal Azhar Kiyani said on Sunday that PTI government...

Published 10 Jul, 2023 06:52am

Pakistan

IMF ‘seeks assurances’ from Pakistan’s political parties on commitment to new SBA

IMF official says lender's staff in process of meeting representatives from PML-N, PTI, PPP

Updated 07 Jul, 2023 05:37pm

Pakistan

IMF’s Executive Board meeting on Pakistan set for July 12

The Fund is set to discuss a nine-month stand-by arrangement for Pakistan as the previous Extended Fund Facility expired on June 30

Updated 06 Jul, 2023 09:55am

Markets

IMF deal to address Pakistan’s inflation, external debt concerns: governor SBP

Jameel Ahmad says position of foreign exchange reserves will improve in coming weeks

Updated 04 Jul, 2023 07:05pm

Markets

Open-market: rupee’s rise continues against US dollar

Currency hovers at 277-280 level in open-market

Updated 04 Jul, 2023 04:44pm

Markets

SBP-held foreign exchange reserves rise $533mn, stand at $4.07bn

Increase comes on back of realisation of $300 million proceeds of government of Pakistan’s commercial loan

Published 03 Jul, 2023 09:06pm

Pakistan

Moody’s, Fitch see lingering risks despite Pakistan-IMF deal: report

Pakistan is staring at $25bn debt repayment in fiscal year 2023-24, and a widening current account deficit could pose problems

Published 03 Jul, 2023 08:16pm

Markets

Component-wise breakdown of petrol price in Pakistan

Government raises PDL to Rs55 per litre to fulfil key condition of IMF

Published 01 Jul, 2023 01:40pm

Pakistan

Aim to quickly reach agreement on financial support, says IMF

IMF Mission Chief Nathan Porter says Pakistani authorities have taken decisive measures to bring policies more in line with the economic reform programme, will continue discussions

Updated 27 Jun, 2023 10:29pm

Markets

PM Shehbaz holds telephonic conversation with IMF MD Georgieva

Pakistan hopes for IMF decision over stalled bailout programme in a day or two

Updated 27 Jun, 2023 04:52pm

Policy rate hike part of IMF agreement: Pasha

Pakistan still does not feature on the IMF Executive Board calendar, but it could be added in the event that the ninth review is declared a success

Updated 27 Jun, 2023 11:43am

Markets

Pakistan stocks rally over IMF hope, KSE-100 up nearly 1,400 points

Share prices surge as passage of revised budget measures rekindles hope of IMF programme revival, removal of import restrictions also boosts sentiment

Updated 26 Jun, 2023 08:08pm

Pakistan

Paris summit: PM Shehbaz meets Saudi crown prince MBS

Prime Minister Shehbaz Sharif met Prime Minister and Crown Prince of Saudi Arabia Muhammad bin Salman on Thursday,...

Updated 22 Jun, 2023 09:10pm

Pakistan

PM Shehbaz meets IMF MD Georgieva with hope of programme revival

Meeting comes on sidelines of Summit for a New Global Financial Pact being held in Paris
IMF chief shares her institution’s perspective on the ongoing review process, says PMO statement

Updated 22 Jun, 2023 05:53pm

Pakistan

In tit-for-tat response, Pakistan says FY24 budget ‘was never a part of IMF 9th review’

Govt says it is committed to IMF programme, wants to at least complete pending review

Updated 16 Jun, 2023 08:19pm

Pakistan

Pakistan’s time being wasted, says Dar in reference to delay in IMF funding

Says global institutions want Pakistan to default like Sri Lanka and then enter negotiations

Updated 15 Jun, 2023 10:25pm

Pakistan

IMF comes down hard on Pakistan’s budget proposals

Says draft misses opportunity to broaden tax base in progressive way
Criticises new tax amnesty scheme that runs against IMF programme’s conditionality/governance agenda, and creates a damaging precedent

Updated 15 Jun, 2023 09:00am

PM still hopeful of successful IMF agreement

Says if the agreement delays further due to ‘any reason’, he will apprise the nation

Updated 12 Jun, 2023 09:19am

Pakistan

Measures to revive IMF deal: President Alvi advises taking parliament into confidence 'more appropriate'

Finance Division statement says the president has called for an immediate session so that bill is enacted without delay

Updated 14 Feb, 2023 11:34pm

Pakistan

Fitch Ratings downgrades Pakistan’s foreign-currency IDR to ‘CCC-’

Says default or debt restructuring is an increasingly real possibility

Updated 14 Feb, 2023 07:39pm

Business & Finance

Pakistan’s external position under significant stress: Moody’s

Revenue-raising measures will likely be among prior actions that the International Monetary Fund (IMF) requires...

Updated 10 Feb, 2023 09:35pm

Pakistan

IMF talks: Leaving without agreement 'not uncommon', says former SBP deputy governor

Dr Murtaza Syed says Pakistan should reach an agreement with the IMF within a month

Updated 10 Feb, 2023 01:59pm

IMF for strengthening of anti-graft institutions including NAB: Tarin

Says a committee will be formed that will oversee changes in NAB laws and their implementation

Updated 15 Jul, 2022 10:24am

Gainers
Losers
Leaders

Stock	Price
Aisha Steel(ConPS) / Sep 21 Aisha Steel(ConPS)(ASLPS)	10.17 ▲ 1.00 (10.91%)
First Elite Cap.Mod / Sep 21 First Elite Capital Modaraba(FECM)	3.20 ▲ 0.30 (10.34%)
HBL Invest Fund / Sep 21 HBL Investment Fund(HIFA)	1.65 ▲ 0.14 (9.27%)
Power Cem(Pref) / Sep 21 Power Cement (Pref)(POWERPS)	6 ▲ 0.50 (9.09%)
Symmetry Group / Sep 21 Symmetry Group Limited(SYM)	3.87 ▲ 0.29 (8.10%)
Pak Paper Prod / Sep 21 Pakistan Paper Products Limited(PPP)	44.53 ▲ 3.11 (7.51%)
Arpak Int. / Sep 21 Arpak International Investments Ltd.(ARPAK)	64.50 ▲ 4.50 (7.50%)
Pak Hotels / Sep 21 Pakistan Hotels Developers Limited(PHDL)	190.41 ▲ 13.28 (7.50%)
P.N.S.C / Sep 21 Pakistan National Shipping Corporation(PNSC)	159.67 ▲ 11.14 (7.50%)
Premium Textile / Sep 21 Premium Textile Mills Limited(PRET)	406.46 ▲ 28.36 (7.50%)

Stock	Price
The Searle Co. (R) / Sep 21 The Searle Company Limited (R)(SEARLR2)	0.13 ▼ -0.12 (-48.00%)
Trust Mod. / Sep 21 Trust Modaraba(TRSM)	1.25 ▼ -0.18 (-12.59%)
Jubilee Spinning / Sep 21 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	4.70 ▼ -0.60 (-11.32%)
Redco Textile / Sep 21 Redco Textiles Limited(REDCO)	5.65 ▼ -0.62 (-9.89%)
Equity Modaraba / Sep 21 First Equity Modaraba(FEM)	3 ▼ -0.30 (-9.09%)
AKD Hospitality / Sep 21 AKD Hospitality Limited(AKDHL)	126.37 ▼ -10.25 (-7.50%)
Dadex Eternit / Sep 21 Dadex Eternit Limited(DADX)	36.76 ▼ -2.98 (-7.50%)
JS Global Cap. / Sep 21 JS Global Capital Limited(JSGCL)	149.05 ▼ -12.08 (-7.50%)
Gammon Pak / Sep 21 Gammon Pakistan Limited(GAMON)	6.45 ▼ -0.37 (-5.43%)
Unilever Foods / Sep 21 Unilever Pakistan Foods Limited(UPFL)	20100 ▼ -1155.00 (-5.43%)

Stock	Volume
The Searle Co. (R) / Sep 21 The Searle Company Limited (R)(SEARLR2)	24,002,721 ▼ -0.12
Treet Corp / Sep 21 Treet Corporation Limited(TREET)	17,803,918 ▼ -0.08
Maple Leaf Cement / Sep 21 Maple Leaf Cement Factory Limited(MLCF)	15,196,347 ▲ 1.55
WorldCall Telecom / Sep 21 Worldcall Telecom Limited(WTL)	7,596,263 ▲ 0.01
Bankislami Pak. / Sep 21 BankIslami Pakistan Limited(BIPL)	6,775,527 ▲ 0.72
Unity Foods Ltd / Sep 21 Unity Foods Limited(UNITY)	6,691,541 ▲ 1.22
Pak Petroleum / Sep 21 Pakistan Petroleum Limited(PPL)	6,149,595 ▲ 0.90
TRG Pak Ltd / Sep 21 TRG Pakistan Limited(TRG)	5,004,040 ▲ 1.05
Symmetry Group / Sep 21 Symmetry Group Limited(SYM)	4,581,000 ▲ 0.29
TPL Properties / Sep 21 TPL Properties Limited(TPLP)	4,030,395 ▲ 0.10

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 21	293.25
USD PKR Interbank Buying / Sep 21	292.75
USD to Japanese Yen / Sep 21	148.37
USD to Swiss Franc / Sep 21	0.90
Pound Sterling to USD / Sep 21	1.23
Euro to USD / Sep 21	1.06
UK LIBOR % / Sep 20	5.44

Stock	Volume
S&P 500 / Sep 20	4402.20
Nasdaq / Sep 20	13469.13
Dow Jones / Sep 20	34440.88
India Sensex / Sep 21	66272.85
Tokyo Nikkei / Sep 21	32607.84
Hang Seng / Sep 21	17627.95
FTSE 100 / Sep 21	7702.61
Germany DAX 30 / Sep 21	15683.40
France CAC40 / Sep 21	7263.53

Item	Value
Karachi Cotton PKR/37.32 KG / Sep 20	19235
Gold 10 Grams PKR / Sep 20	186820
Crude Oil USD/Barrel / Sep 21	90.28
Gold Spot USD/Ounce / Sep 21	1928.43
Cotton US¢/pound / Sep 21	86.84

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IMF agreement

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