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IMF and Pakistan

Pakistan has to give assurances on financing BOP deficit: IMF

External financing is one of the last in a string of prior actions the lender wants Islamabad to complete before it clears funding, IMF representative says

Updated 06 Mar, 2023 02:55pm

Opinion

Inflation out of control

Consumer price index (headline inflation) rose by 31.5 percent in February (up by 3.7 percentage points from...

Published 06 Mar, 2023 06:36am

Editorials

MPS: steep rate hike to tame inflation

EDITORIAL: In spite of the Monetary Policy Committee’s (MPC’s) decision to raise the discount rate to 20 percent...

Published 06 Mar, 2023 06:22am

Business & Finance

Economy has nosedived due to poor policies, mismanagement: BMP

LAHORE: The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel (BMP) on Sunday said...

Published 06 Mar, 2023 06:22am

TIFA moot agrees to ensure progress on all issues: govt

ISLAMABAD: Commerce Minister Syed Naveed Qamar said that the meeting of the Pakistan-US Trade and Investment...

Updated 06 Mar, 2023 08:42am

Business & Finance

Pakistan receives $500m financing from Chinese bank

ISLAMABAD: Pakistan has received $500 million from the Industrial and Commercial Bank of China Ltd (ICBC), Federal...

Published 05 Mar, 2023 03:36am

Opinion

Moody’s: there’s method in its madness

Moody’s Investors Service early this week downgraded Pakistan’s local and foreign currency issuer and senior...

Published 04 Mar, 2023 06:10am

$1.3bn financing from China’s ICBC expected

ISLAMABAD: Finance Minister Ishaq Dar has stated that the budget deficit is manageable but the external account...

Updated 04 Mar, 2023 09:13am

Jul-Jan: $6.134bn borrowed from multiple sources

ISLAMABAD: The government has borrowed $6.134 billion from multiple financing sources including $1.166 billion from...

Updated 03 Mar, 2023 08:52am

Usage of 300 units and above: Rs3.39/unit additional surcharge on the cards

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) on Thursday showed consent to put its stamp on...

Updated 03 Mar, 2023 08:53am

Pakistan

Minister says inflation a tougher challenge than polls

HYDERABAD: Sindh Minister for Information, Transport and Mass Transit Sharjeel Inam Memon while addressing a press...

Published 03 Mar, 2023 06:12am

Opinion

Developing countries’ lost decade?

Global average temperatures have reached 1.2 degrees centigrade above the pre-industrial era, and most scientific...

Updated 03 Mar, 2023 06:58am

NA body asks govt to remove obstacles to IP gas pipeline project

ISLAMABAD: A National Assembly panel was informed on Thursday that because of the International Monetary Fund’s...

Updated 03 Mar, 2023 08:51am

Business & Finance

Dar says IMF deal likely next week, rejects default rumours

ISLAMABAD: Federal Finance Minister Ishaq Dar Thursday said the staff-level agreement with International Monetary...

Published 03 Mar, 2023 06:12am

Editorials

Austerity measures watered down

EDITORIAL: The federal government constituted a monitoring committee on 26 February to oversee the implementation of...

Published 03 Mar, 2023 06:12am

Govt ‘mulling abandoning’ talks with IMF, claims Hammad

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader Hammad Azhar on Thursday accused the government of planning to...

Updated 03 Mar, 2023 09:01am

Pakistan

Pakistan, IMF to reach staff-level agreement by next week: Ishaq Dar

Says 'anti-Pakistan elements are spreading malicious rumours that Pakistan may default'

Updated 02 Mar, 2023 07:45pm

Markets

SBP raises key interest rate by 300bps, takes it to 20%

Monetary Policy Committee expects inflation to rise further in the next few months
Also moves next MPC meeting to April 4 from April 27

Updated 02 Mar, 2023 09:20pm

Business & Finance

Auto parts maker Agriauto announces partial plant shutdown in March

Says this is due to reduction in production volumes of major clients

Updated 02 Mar, 2023 04:15pm

Opinion

Past the point of no return!

For weeks noted economists and economic researchers have cited numerous indicators, like low foreign exchange...

Updated 02 Mar, 2023 06:51am

Subsidy to agri, zero-rated sectors withdrawn

ISLAMABAD: The government has withdrawn subsidy to agriculture and five zero-rated sectors from March 1, 2023 as a...

Updated 02 Mar, 2023 12:50pm

MPC to meet today

KARACHI: The emergent meeting of the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will be ...

Updated 02 Mar, 2023 09:13am

Editorials

No good news on the horizon

EDITORIAL: Moody’s Investors Service further downgraded Pakistan’s local and foreign currency issuer and senior...

Updated 02 Mar, 2023 06:44am

Opinion

IMF conditionalities: fiscal reforms

The International Monetary Fund (IMF) typically imposes a series of conditions on countries that receive financial...

Published 01 Mar, 2023 06:21am

Pakistan not on IMF board’s agenda?

ISLAMABAD: The International Monetary Fund (IMF) Executive Board meeting scheduled for March 1 (today) will not...

Updated 01 Mar, 2023 09:08am

Power sector: IMF has concerns about next year’s circular debt: Dastgir

ISLAMABAD: Minister for Power, Khurram Dastgir Khan said on Tuesday that International Monetary Fund (IMF) has...

Updated 01 Mar, 2023 09:07am

Business & Finance

ADB renews resolve to help govt deal with economic challenges

ISLAMABAD: A delegation of Executive Directors of the Asian Development Bank (ADB) of Japan, China and South Korea...

Published 01 Mar, 2023 06:21am

Pakistan

Pakistan ‘desperately needs debt restructuring’: Dr Murtaza Syed

Former SBP deputy governor says situation is really bad, Pakistan caught in the crosshairs of a perfect storm

Updated 28 Feb, 2023 05:57pm

Pakistan

Moody's downgrades Pakistan's rating to Caa3, changes outlook to stable

Says Pakistan's increasingly fragile liquidity and external position significantly raises default risks to a level consistent with a Caa3 rating

Updated 28 Feb, 2023 08:23pm

Business & Finance

MPC meeting on March 2: market expects 200bps hike in key policy rate

In a widely expected move, the State Bank of Pakistan (SBP) on Tuesday morning announced that its Monetary Policy...

Updated 28 Feb, 2023 04:59pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 29	278.37
USD PKR Interbank Buying / May 29	278.16
USD to Japanese Yen / May 29	157.06
USD to Swiss Franc / May 29	0.91
Pound Sterling to USD / May 29	1.28
Euro to USD / May 29	1.09

Stock	Volume
S&P 500 / May 28	5306.04
Nasdaq / May 28	17019.88
FTSE 100 / May 28	8254.18
Dow Jones / May 28	38852.86
Germany DAX 30 / May 28	18677.87
France CAC40 / May 28	8057.80
India Sensex / May 29	74732.81
Tokyo Nikkei / May 29	38556.87

Item	Value
Petrol/Litre / May 29	273.10
Crude Oil USD/Barrel / May 29	80.19
Karachi Cotton PKR/37.32 KG / May 29	19935
Gold 10 Grams PKR / May 29	208076
Gold Spot USD/Ounce / May 29	2355.13
Diesel/Litre / May 29	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 29 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 29 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 29 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 29 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 29 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 29 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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IMF and Pakistan

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