Trends - IMF and Pakistan - Business Recorder

IMF and Pakistan

IMF a curse?

This is apropos a Business Recorder op-ed ‘doesn’t matter who is/becomes FM’ carried by the newspaper...

Published 02 Dec, 2022 05:47am

Opinion

Doesn’t matter who is/becomes FM

SBP’s (State Bank of Pakistan’s) surprise 100 basis point increase in its key policy rate (to a 24-year high of...

Updated 01 Dec, 2022 06:07am

Opinion

Role of LPG in gas crisis – II

Gas tariff and subsidies. Gas and electricity prices are politically sensitive issues. The IMF compares prices in ...

Updated 01 Dec, 2022 06:20am

BR Research

IMF: delayed again?

Once again, the IMF review under the ongoing program has fallen into limbo. This has happened with every change in...

Published 30 Nov, 2022 08:47am

Pakistan

Pakistan’s November CPI expected to decline marginally: finance ministry

In its monthly outlook, ministry says inflationary pressure was expected to ease marginally month-on-month due to smooth domestic supplies, unchanged energy prices in November and a stable exchange rate

Published 29 Nov, 2022 09:41pm

Opinion

Imbalanced balance of payments

There has been appreciation of the success achieved in bringing down the current account deficit in the external...

Published 29 Nov, 2022 06:36am

IMF, govt begin virtual engagement

ISLAMABAD: Pakistan and the International Monetary Fund (IMF) have started virtual discussions for the ninth review...

Updated 29 Nov, 2022 09:46am

Pakistan

Pakistan, IMF begin virtual engagement for loan talks

Government has shared fiscal data, including flood and related expenditures, with the IMF
IMF Resident Representative says as part of the 9th review under the EFF, remote discussions continue between IMF staff and the Pakistani authorities

Updated 28 Nov, 2022 10:45pm

Flood recovery plan critical to supporting discussions: IMF

ISLAMABAD: Pakistan’s timely finalisation of the flood recovery plan is essential to support the discussions, along...

Updated 24 Nov, 2022 09:39am

Pakistan

Pakistan flood recovery plan key to continued financial support: IMF

Resident representative says IMF staff continuing discussions with Pakistani authorities over policies to reprioritise and better target support toward humanitarian needs, while accelerating reform efforts to preserve economic and fiscal sustainability

Published 23 Nov, 2022 11:50pm

Pakistan

Pakistan, IMF plan to move fast on bailout programme

Will 'expeditiously' finish their technical engagement as part of the ninth review of Pakistan's bailout programme

Published 17 Nov, 2022 11:31pm

Markets

Pakistan’s perceived default risk worsens 'owing to IMF uncertainty'

Expert says CDS would normalise after inflows from friendly countries and global lender are realised

Updated 16 Nov, 2022 06:26pm

Staff-level mission date not finalised: IMF wants required adjustments

Political situation is also one of the factors behind delay in fielding a staff-level mission by the IMF

Updated 16 Nov, 2022 11:17am

9th IMF review: Framework yet to be finalized

IMF and Finance Division have yet to agree on starting date for negotiations

Updated 11 Nov, 2022 09:27am

Agri package, concessional electricity: IMF irked by govt steps

Discussions on Ninth Review scheduled to start soon

Updated 07 Nov, 2022 10:24am

IMF censures ‘untargeted’ subsidy schemes

Says Fund will be fielding a mission in November

Updated 15 Oct, 2022 09:52am

Inflation rate at 19.9pc: IMF projects 3.5pc growth for 2023

Current account balance is projected at negative 2.5 per cent for 2023 compared to negative 4.6per cent for 2022

Updated 12 Oct, 2022 09:40am

Pakistan

Pakistan will 'absolutely not' default on debt despite floods: Miftah Ismail

Finance minister says credit default risk has gone up, bond prices have fallen, but within 15 to 20 days, the market will normalise

Published 18 Sep, 2022 10:05pm

Pakistan

IMF to support Pakistan's flood relief, reconstruction efforts 'under current programme'

IMF Resident Representative to Pakistan says will work with others in the international community to support, under the current programme, the authorities’ relief and reconstruction efforts, while ensuring sustainable policies and macroeconomic stability

Updated 18 Sep, 2022 09:20pm

Pakistan

Pakistan should seek relief from IMF, ask Russia for cheap oil: Shaukat Tarin

Former finance minister says govt needs to focus on providing relief to people in the wake of devastating floods

Updated 03 Sep, 2022 04:53pm

Business & Finance

$1.16bn IMF tranche received

KARACHI: Pakistan on Wednesday night received much awaited foreign inflows amounted to $1.16 billion from...

Updated 01 Sep, 2022 09:32am

Editorials

EFF revival OK but IMF being unsympathetic

EDITORIAL: As expected the board of the International Monetary Fund (IMF) approved the 1.17 billion dollar tranche...

Published 31 Aug, 2022 06:27am

Pakistan

IMF Board approves revival of Pakistan's Extended Fund Facility, says Miftah Ismail

Finance minister says Pakistan should now be getting the tranche of $1.17bn

Updated 29 Aug, 2022 09:40pm

Pakistan

Pakistan to receive $2bn from Qatar: report

Acting governor of the State Bank of Pakistan Dr Murtaza Syed says Pakistan will also get $1 billion in oil financing from Saudi Arabia and a similar amount in investments from the UAE

Updated 22 Aug, 2022 11:07pm

Pakistan

IMF says Executive Board meeting set for August 29

Will meet for combined seventh and eight review under the Extended Fund Facility

Updated 17 Aug, 2022 11:18pm

Pakistan

Saudi Arabia plans to renew $3bn deposit in assistance to Pakistan: report

Also intends to provide $100mn a month for 10 months in petroleum products that would be granted as additional support

Updated 14 Aug, 2022 09:43am

Pakistan

Abu Dhabi official emphasises UAE's intention to invest $1bn in Pakistan

Emphasises keenness of the UAE and Pakistan to continue cooperation in various fields including gas, energy infrastructure among others

Published 05 Aug, 2022 09:34pm

Business & Finance

Dr Reza Baqir hails 'good news' over Pakistan's IMF progress

Dr Reza Baqir, former governor of Pakistan’s central bank, hailed on Thursday the recent “good news” and...

Published 04 Aug, 2022 09:42pm

Pakistan

Pakistan has met last prior action, says IMF after govt increases petroleum levy

Says board meeting tentatively planned for late August once adequate financing assurances are confirmed

Updated 02 Aug, 2022 05:05pm

Markets

Alarm bells: SBP-held foreign exchange reserves down $389mn, now stand at $9.33bn

Fall attributed to external debt repayments, says central bank

Published 21 Jul, 2022 08:43pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 3	278.23
USD PKR Interbank Buying / May 3	278.03
USD to Japanese Yen / May 3	153.05
USD to Swiss Franc / May 3	0.91
Pound Sterling to USD / May 3	1.25
Euro to USD / May 3	1.08

Stock	Volume
S&P 500 / May 3	5127.79
India Sensex / May 3	73878.15
Tokyo Nikkei / May 3	38236.07
Nasdaq / May 3	16156.33
Hang Seng / May 3	18475.92
FTSE 100 / May 3	8213.49
Dow Jones / May 3	38675.68
Germany DAX 30 / May 3	18001.60

Item	Value
Crude Oil USD/Barrel / May 3	78.11
Karachi Cotton PKR/37.32 KG / May 3	20535
Gold 10 Grams PKR / May 3	205418
Gold Spot USD/Ounce / May 3	2301.74
Cotton US¢/pound / May 3	78.06
Petrol/Litre / May 4	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 4 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 4 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 4 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 4 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 4 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 4 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 4 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 4 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 4 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 4 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 4 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 4 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 4 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 4 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 4 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 4 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 4 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 4 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 4 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 4 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 4 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 4 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 4 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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IMF and Pakistan

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