Trends - IMF and Pakistan - Business Recorder

IMF and Pakistan

Ominous start to new (fiscal) year

EDITORIAL: A 19.3 percent year-on-year drop in remittances in July isn’t exactly how the outgoing government...

Published 19 Aug, 2023 06:46am

Pakistan

For Pakistan’s consumers and industries, economic woes are far from over

Pakistan’s last-minute deal with the International Monetary Fund (IMF) has given Islamabad some breathing room as...

Published 18 Aug, 2023 05:56pm

Business & Finance

Pak Suzuki announces another motorcycle plant shutdown

Cites shortage of inventory level as reason

Updated 18 Aug, 2023 07:37pm

Markets

Rupee back to losing ways, settles at 295.78 against US dollar

Currency depreciates 0.29% in inter-bank market

Updated 18 Aug, 2023 08:07pm

Opinion

Economy needs stimulus

The economy is headed towards a deep recession. Only a well-targeted fiscal stimulus can avert the incoming crisis....

Published 18 Aug, 2023 06:13am

Opinion

Pakistan & Argentina: two economic scenarios

“On July 28, the Argentine authorities and IMF staff reached a staff-level agreement on the combined fifth and sixth...

Updated 18 Aug, 2023 06:17am

Opinion

Economic policy by the interim govt

Given Pakistan is facing very difficult economic challenge, mainly in the shape of bringing debt sustainability, on...

Updated 18 Aug, 2023 06:22am

Markets

Rupee stable against dollar at 294.92 in inter-bank market

Currency improves Re0.01 on Thursday

Updated 17 Aug, 2023 08:41pm

Pakistan

Pakistan’s caretaker finance minister Dr Shamshad Akhtar: a brief profile

Seasoned economist Dr Shamshad Akhtar has been appointed as the caretaker finance minister on Wednesday following...

Updated 16 Aug, 2023 09:35pm

High interest rates, power tariffs, costly raw materials: Textile sector will continue to face economic headwinds: APTMA

ISLAMABAD: The textile sector will continue to experience economic headwinds related to high interest rates,...

Updated 16 Aug, 2023 10:42am

Markets

Rupee falls to 291.5 against US dollar, its weakest closing in inter-bank market since May 11

Local currency sees depreciation of over 1% on Tuesday as caretaker govt takes over affairs of the country

Updated 15 Aug, 2023 08:08pm

Opinion

Mixed start of FY2023-24

The current financial year, 2023-24, started on a very positive note. The talks with the IMF (International Monetary...

Published 15 Aug, 2023 06:49am

Opinion

Gas: No more window dressing, please

Reportedly, the plan to reduce the gas circular debt has been shared with the IMF. It has two components – one is...

Updated 15 Aug, 2023 06:57am

Editorials

Mere legislation does not mean reform

EDITORIAL: Yesterday marked the country’s seventy-seventh Independence Day. While the honour to hoist the flag on...

Published 15 Aug, 2023 06:30am

Global conditions contributed to higher inflation in Pakistan: SBP

KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad has said that global economic conditions have largely...

Updated 15 Aug, 2023 10:02am

Business & Finance

Air Link CEO says things ‘back on track’ as LC restrictions ease

Muzzaffar Hayat Piracha says post IMF programme, company producing more cellphones than before

Updated 15 Aug, 2023 02:50pm

Shehbaz narrates his achievements in farewell address

ISLAMABAD: Outgoing Prime Minister Shehbaz Sharif said that the Pakistan Democratic Movement (PDM)-led government...

Updated 14 Aug, 2023 10:11am

Opinion

CPEC — a game changer for Pakistan

The China-Pakistan Economic Corridor (CPEC) project since its launch on April 20, 2015, by President Xi Jinping...

Updated 12 Aug, 2023 07:35am

Opinion

A mission-oriented industrial policy

‘While it is generally true that mainstream economists have responded to industrial policy with knee-jerk ...

Published 11 Aug, 2023 05:17am

Opinion

Budget Rupee Account: FY2023-24 to FY2027-2028

In the earlier two articles the focus was on the foreign (external) currency account of Pakistan. In this article ...

Published 11 Aug, 2023 05:17am

Editorials

Plan to borrow Rs11.09trn in 3 months

EDITORIAL: According to the auction calendar issued by the State Bank of Pakistan, the federal government intends to...

Published 11 Aug, 2023 05:17am

Opinion

‘It’s a nuance, but an important nuance’

The outgoing Shehbaz Sharif-led government is deriving a lot of pleasure, pride and satisfaction from the fact that...

Published 10 Aug, 2023 06:35am

Opinion

Path of maximum uncertainty

The market’s given a roaring farewell to the coalition government (up about 20pc since the SBA) but – write this...

Published 10 Aug, 2023 06:35am

PM acknowledges China’s role in crucial IMF SBA

Says IMF deal would not have been possible without China's support

Updated 10 Aug, 2023 09:57am

Updated CDMP as per SBA yet to be approved

ISLAMABAD: The pledge for the Cabinet to approve an updated Circular Debt Management Plan (CDMP) by end-July 2023 as...

Updated 09 Aug, 2023 09:16am

Opinion

IMF programme targets

A typical IMF (International Monetary Fund) programme, including a Stand-by Facility, has a set of quantitative...

Published 08 Aug, 2023 06:37am

Opinion

LSM sector travails

Large-scale manufacturing (LSM) sector, as per data released by the Finance Division, registered negative 8.1 ...

Published 07 Aug, 2023 06:34am

Opinion

Reduce, not expand, the size of govt to restore investor confidence

After the unexpected IMF (International Monetary Fund) bailout, the economy is in search of regaining lost...

Published 07 Aug, 2023 06:34am

Dar explains what actually led to changes in budget

Says for securing an agreement with the IMF, the government had to impose new taxes

Updated 05 Aug, 2023 03:06pm

Opinion

The corruption challenge

The Federal Board of Revenue (FBR) issued regulations granting banks access to asset declarations of high-level...

Updated 04 Aug, 2023 06:43am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 21	278.50
USD PKR Interbank Buying / May 21	278.30
USD to Japanese Yen / May 21	156.44
USD to Swiss Franc / May 21	0.91
Pound Sterling to USD / May 21	1.27
Euro to USD / May 21	1.09

Stock	Volume
S&P 500 / May 20	5308.13
Nasdaq / May 20	16794.88
Dow Jones / May 20	39806.77
India Sensex / May 21	73830.29
Tokyo Nikkei / May 21	39037.68
Hang Seng / May 21	19234.33
FTSE 100 / May 21	8383.95
Germany DAX 30 / May 21	18702.87

Item	Value
Gold 10 Grams PKR / May 20	214678
Petrol/Litre / May 21	273.10
Crude Oil USD/Barrel / May 21	79.32
Karachi Cotton PKR/37.32 KG / May 21	19935
Gold Spot USD/Ounce / May 21	2414
Diesel/Litre / May 21	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 21 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 21 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 21 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 21 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 21 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 21 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 21 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 21 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 21 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 21 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 21 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 21 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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IMF and Pakistan

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