Trends - IMF and Pakistan - Business Recorder

IMF and Pakistan

Dar confirms rollover of $2bn China loan, says issue is ‘no longer pending’

Denies reports that request for rollover is 'work in progress'

Updated 31 Mar, 2023 06:46pm

Markets

MPC meeting: SBP likely to raise key policy rate by 200 basis points

MPC meeting is scheduled to be held on April 4 (Tuesday)

Updated 31 Mar, 2023 07:38pm

Markets

Rupee slips against US dollar, settles at 283.79

Currency depreciates 0.05% in the interbank market

Updated 31 Mar, 2023 07:23pm

Opinion

We don’t yet know what lies in store for us—II

The entire nation is waiting for a rather irrelevant document called the Staff Level Agreement (SLA) with the...

Published 31 Mar, 2023 06:45am

Opinion

SDR allocation, monetary tightening, inflation, and banking crisis

While the International Monetary Fund (IMF) continues to not provide a much-needed special drawing rights (SDRs)...

Published 31 Mar, 2023 06:45am

Editorials

‘Need for vigilance’

EDITORIAL: It’s interesting, and ominous, that IMF (International Monetary Fund) chief Kristalina Georgieva...

Published 31 Mar, 2023 06:45am

Editorials

IMF and the stalled bailout

EDITORIAL: Dr Aisha Ghous Pasha, Minister of State for Finance, became the latest in a line of senior cabinet ...

Published 31 Mar, 2023 06:45am

UAE, Saudi Arabia: Dar says IMF seeking $3bn ‘guarantees’

Pakistan did not delay a single day in repayments, adds the finance minister

Updated 31 Mar, 2023 12:16pm

Withdrawal of export power subsidy: Treasury MPs come down hard on govt

ISLAMABAD: The treasury lawmakers in the National Assembly Thursday came down hard on the government for withdrawing...

Updated 31 Mar, 2023 08:53am

Markets

KSE-100 ends jittery session on a flat note

Investors remain cautious over uncertain political and economic conditions

Updated 30 Mar, 2023 06:22pm

Pakistan

Technical-level talks with IMF are over: Ishaq Dar

Finance minister holds back from giving timeline on when deal will be inked

Updated 30 Mar, 2023 08:53pm

Pakistan

Chinese loan rollover of $2bn to Pakistan in process: source

Finance ministry official says it is a 'work in progress, formal documentation underway'

Updated 30 Mar, 2023 12:30pm

Markets

Rupee inches higher against US dollar, settles at 283.66

Currency appreciates 0.09% in interbank market

Updated 30 Mar, 2023 08:16pm

IMF’s ingenious approach the only hurdle to bailout

Minister of State for Finance Dr Aisha Ghaus-Pasha says the fund wants to independently verify commitments from friendly countries

Updated 30 Mar, 2023 09:27am

Markets

KSE-100 down 202 points amid economic uncertainty

Investors still waiting for IMF to release long overdue tranche

Updated 29 Mar, 2023 08:34pm

Pakistan’s ‘friends’: IMF wants commitments fulfilled: PM

Says he is hopeful that commitments from friendly countries will also be done

Updated 29 Mar, 2023 09:14am

Editorials

The macroeconomic mismanagement

EDITORIAL: There is mounting evidence of macroeconomic mismanagement coupled with a failure to proactively formulate...

Updated 29 Mar, 2023 07:07am

Pakistan

IMF is asking for ‘guarantees at every step’: PM Shehbaz

Says talks between government and IMF are still underway

Updated 28 Mar, 2023 07:57pm

Opinion

The economic malaise

Pakistan today faces the worst financial crisis in its 75-year history. This is attributable to both long-term ...

Updated 28 Mar, 2023 06:52am

Editorials

IMF ninth review remains suspended

EDITORIAL: A press release notes that the Federal Finance Minister Ishaq Dar as chief guest at an iftar dinner...

Updated 28 Mar, 2023 03:40pm

Markets

Volatility persists at PSX, KSE-100 ends nearly flat

Volatility persisted at the Pakistan Stock Exchange (PSX), as the benchmark KSE-100 ended the first trading session...

Updated 27 Mar, 2023 06:27pm

Markets

Rupee falls against US dollar, settles at 283.58

Currency depreciates 0.13% in inter-bank market

Updated 27 Mar, 2023 08:03pm

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

Opinion

Stop blaming the IMF!

It has been forty days since the IMF’s (International Monetary Fund’s) technical talks concluded, but there have...

Published 27 Mar, 2023 06:15am

Opinion

The fuel ‘relief’ plan and the IMF

The government’s planned fuel relief package has expectedly attracted International Monetary Fund’s (IMF’s) ...

Published 27 Mar, 2023 06:15am

Dar looks with hopeful eyes to country’s friends

Pakistan will not default and the government is making all possible efforts to steer it out of a difficult situation, he says

Updated 27 Mar, 2023 11:32am

Pakistan

Professionals struggle with higher costs as economy teeters

KARACHI: Naureen Ahsan earns more than twice the average wage in country, but the school administrator says she has...

Published 25 Mar, 2023 06:25am

Cash margin requirement on goods import removed

KARACHI: The State Bank of Pakistan (SBP) Friday announced the removal of Cash Margin Requirement (CMR) on import of...

Updated 25 Mar, 2023 08:49am

Business & Finance

Concern shown on ‘unending demands’ of IMF

KARACHI: Chairman of National Business Group Pakistan and President Pakistan Businessmen and Intellectuals Forum ...

Published 25 Mar, 2023 06:25am

Locked bailout: govt fuel scheme adds to hurdles?

Pakistan and the IMF have been negotiating since early February on an agreement that would release $1.1 billion

Updated 25 Mar, 2023 09:03pm

Gainers
Losers
Leaders

Stock	Price
Kohinoor Power / Mar 31 Kohinoor Power Company Limited(KOHP)	4.38 ▲ 0.63 (16.80%)
PICIC Ins.Ltd. / Mar 31 PICIC Insurance Limited(PIL)	0.69 ▲ 0.08 (13.11%)
Supernet Ltd. / Mar 31 Supernet Limited(GEMSPNL)	11.90 ▲ 1.00 (9.17%)
Asim Textile / Mar 31 Asim Textile Mills Limited(ASTM)	6.48 ▲ 0.53 (8.91%)
Bata (Pak) / Mar 31 Bata Pakistan Limited(BATA)	2084.87 ▲ 145.45 (7.50%)
Khyber Tex. / Mar 31 Khyber Textile Mills Limited(KHYT)	427.22 ▲ 29.80 (7.50%)
Pak Engineering / Mar 31 Pakistan Engineering Company Limited(PECO)	325.40 ▲ 22.70 (7.50%)
Janana D Mal / Mar 31 Janana De Malucho Textile Mills Limited(JDMT)	44.42 ▲ 3.09 (7.48%)
Sindh Abadgar / Mar 31 Sindh Abadgar's Sugar Mills Limited(SASML)	14.50 ▲ 1.00 (7.41%)
Popular Islamic / Mar 31 Popular Islamic Modaraba(PIM)	8.75 ▲ 0.60 (7.36%)

Stock	Price
Pak Gulf Leasing / Mar 31 Pak-Gulf Leasing Company Limited(PGLC)	5.31 ▼ -0.89 (-14.35%)
Samba Bank / Mar 31 Samba Bank Limited(SBL)	6.75 ▼ -0.85 (-11.18%)
Pak Gen.Ins. / Mar 31 The Pakistan General Insurance Co. Ltd.(PKGI)	3.96 ▼ -0.49 (-11.01%)
Equity Modaraba / Mar 31 First Equity Modaraba(FEM)	6.10 ▼ -0.50 (-7.58%)
AL-Ghazi Tractors / Mar 31 Al-Ghazi Tractors Limited(AGTL)	270.73 ▼ -21.95 (-7.50%)
Philip Morris Pak. / Mar 31 Philip Morris (Pakistan) Limited(PMPK)	426.43 ▼ -34.57 (-7.50%)
Tri-Pack Films / Mar 31 Tri-Pack Films Limited(TRIPF)	126 ▼ -10.14 (-7.45%)
Khairpur / Mar 31 Khairpur Sugar Mills Limited(KPUS)	67.26 ▼ -5.41 (-7.44%)
Dawood Lawrencepur / Mar 31 Dawood Lawrencepur Limited(DLL)	210 ▼ -15.90 (-7.04%)
Bunnys Limited / Mar 31 Bunnys Limited(BNL)	15.81 ▼ -1.19 (-7.00%)

Stock	Volume
Pak Int.Bulk / Mar 31 Pakistan International Bulk Terminal(PIBTL)	12,120,000 ▲ 0.26
Pak Elektron / Mar 31 Pak Elektron Limited(PAEL)	6,523,000 ▲ 0.36
Telecard Limited / Mar 31 Telecard Limited(TELE)	6,211,500 ▼ -0.18
Engro Corp / Mar 31 Engro Corporation Limited(ENGRO)	5,429,492 ▼ -4.49
WorldCall Telecom / Mar 31 Worldcall Telecom Limited(WTL)	4,946,279 ▲ 0.00
Hascol Petrol / Mar 31 Hascol Petroleum Limited(HASCOL)	4,863,500 ▲ 0.20
Pakgen Power / Mar 31 Pakgen Power Limited(PKGP)	4,421,500 ▲ 1.50
K-Electric Ltd. / Mar 31 K-Electric Limited(KEL)	4,361,174 ▲ 0.00
Agha Steel Ind. / Mar 31 Agha Steel Ind.Ltd(AGHA)	3,689,500 ▲ 0.07
Waves Corporation / Mar 31 Waves Corporation Limited(WAVES)	3,477,000 ▲ 0.45

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 31	283.85
USD PKR Interbank Buying / Mar 31	283.65
USD to Japanese Yen / Mar 31	132.82
USD to Swiss Franc / Mar 31	0.91
Pound Sterling to USD / Mar 31	1.24
Euro to USD / Mar 31	1.09
UK LIBOR % / Mar 30	4.81

Stock	Volume
S&P 500 / Mar 31	4082.17
India Sensex / Mar 31	58991.52
Tokyo Nikkei / Mar 31	28047.34
Nasdaq / Mar 31	12133.90
Hang Seng / Mar 31	20427.56
FTSE 100 / Mar 31	7638.94
Dow Jones / Mar 31	33079.75
Germany DAX 30 / Mar 31	15641.10
France CAC40 / Mar 31	7330.27

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 30	18935
Crude Oil USD/Barrel / Mar 31	75.20
Gold 10 Grams PKR / Mar 31	178927
Gold Spot USD/Ounce / Mar 31	1979.46
Cotton US¢/pound / Mar 31	83.26

IMF and Pakistan

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