Trends - IMF and Pakistan - Business Recorder

IMF and Pakistan

Approaching an ‘augmented’ IMF programme

What is likely to happen if the country goes into another International Monetary Fund (IMF, or simply the ...

Published 16 Feb, 2024 06:02am

Editorials

Moody’s alarming prediction

EDITORIAL: Moody’s is the first international rating agency that has commented on Pakistan’s post-election...

Published 16 Feb, 2024 06:02am

Unprotected gas consumers to bear the brunt

ISLAMABAD: Protected consumers face a gradual increase in tariff slabs (Rs. 80-100/MMBtu) with a cross subsidy of Rs...

Updated 16 Feb, 2024 08:36am

Markets

Negative sentiment returns to PSX as KSE-100 loses over 1,100 points

Rising political volatility took a toll on the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 lost over 1.8%...

Updated 15 Feb, 2024 09:36pm

Opinion

‘Latest IMF projections’

This is apropos a Business Recorder op-ed “Latest IMF projections” carried by the newspaper on Tuesday. The...

Published 15 Feb, 2024 05:39am

Moody’s speaks of elevated political uncertainty

Prolonged delays in formation of govt will increase policy and political uncertainty at a time when it faces very challenging macroeconomic conditions

Updated 15 Feb, 2024 11:56am

Hike in gas prices approved by ECC

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved an increase in gas prices effective...

Updated 15 Feb, 2024 08:42am

BR Research

IMF and PDM 2.0

The new government will likely be formed under a PDM set up. Chances are that without public support, economic...

Published 14 Feb, 2024 08:49am

Editorials

SIFC can manage it all

EDITORIAL: Renowned economist, Dr Hafeez A Pasha, has told Business Recorder that the Special Investment ...

Published 14 Feb, 2024 02:34am

Markets

KSE-100 stages dramatic recovery after falling below 60k

Turns a corner after plunging over 1,450 points in opening few minutes of trading

Updated 13 Feb, 2024 09:35pm

Opinion

Latest IMF projections

The Staff Report of the IMF on the First Review under the Stand-By Arrangement was released on the 19th of January...

Published 13 Feb, 2024 05:59am

Editorials

Economic turmoil could worsen

EDITORIAL: Moody’s Investor Services’ warning that a timely announcement of the election results is crucial for...

Published 13 Feb, 2024 05:59am

PM says IMF has no issue with sell-off process

Pakistan is continuing talks with the IMF, adds the caretaker PM

Updated 13 Feb, 2024 10:06am

Markets

IMF not onboard with energy ministry’s tariff rationalisation, circular debt management plans

Mission Chief Nathan Porter says circular debt ‘reduction plan’ entails fiscal risks given chain of transactions involved and would also continue use of supplementary grants

Updated 13 Feb, 2024 10:33pm

Business & Finance

New govt will have to introduce long-term financing plan: Moody’s

ISLAMABAD: The newly-elected government will have to put in place a long-term financing plan to meet its very large...

Published 10 Feb, 2024 05:48am

Opinion

Circular debt once again in focus

Circular debt in the energy sector is a mystery which no government could so far unfold. Over the last two decades ...

Published 10 Feb, 2024 05:48am

Pakistan

Moody’s says timely election result to reduce uncertainty in Pakistan: report

Moody’s Investor Services (Moody’s), a global credit ratings agency, said timely announcement of election results...

Updated 09 Feb, 2024 08:09pm

Pakistan

Negotiating new IMF deal, controlling inflation: Dr Reza Baqir highlights challenges for new govt

Remarks come as Pakistanis vote to elect future govt on Thursday

Updated 08 Feb, 2024 11:23pm

Opinion

I’m not voting

None of the top politicians and political parties making promises about free houses and hundreds of electricity...

Updated 08 Feb, 2024 08:42pm

Markets

Rupee appreciates marginally against US dollar

Currency settles at 279.34 in inter-bank market

Updated 07 Feb, 2024 10:12pm

More stable govt can attract external financing: S&P

ISLAMABAD: A more stable political environment in Pakistan is likely an important precondition to repairing the...

Updated 07 Feb, 2024 09:32am

Markets

Oil/gas sector in limelight as KSE-100 gains nearly 800 points

Caretaker govt team's meeting with IMF on circular debt management plan fuels buying interest in index-heavy shares

Updated 06 Feb, 2024 08:17pm

Editorials

State of the economy

EDITORIAL: The January Outlook and Update uploaded on the Finance Division website claims that “the first half of...

Published 06 Feb, 2024 05:00am

IMF briefed about tariff, circular debt plans

International Monetary Fund seeks some clarification from the caretaker government’s team

Updated 06 Feb, 2024 10:28am

LNG, financial power sectors: Competition studies ordered

ISLAMABAD: An inter-ministerial committee has directed Competition Commission of Pakistan (CCP) to undertake...

Updated 05 Feb, 2024 03:07pm

FPCCI supports restructuring plan

KARACHI: Atif Ikram Sheikh, President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has said...

Updated 04 Feb, 2024 09:51am

Markets

Economy stabilised amid caretaker govt proactive measures: Dr Shamshad

Caretaker Federal Minister for Finance, Revenue and Economic Affairs, Dr Shamshad Akhtar said that the economy has...

Updated 03 Feb, 2024 08:49pm

Sports

Dominant India take 2-0 lead over Pakistan in Davis Cup

ISLAMABAD: India won both Davis Cup singles matches against Pakistan in Islamabad on Saturday, dominating the first...

Published 03 Feb, 2024 05:31pm

Business & Finance

IMF says central banks should not rush into rate cuts

WASHINGTON: The IMF sees a greater risk to the global economy if central banks start cutting interest rates too soon...

Published 03 Feb, 2024 05:46am

Pakistan

Ahead of election, Pakistan seals detailed plan to sell PIA

Two sources close to the process say 51% stake with full management control would be offered to buyers after parking airline’s debts in a separate entity, under the 1,100 page report from Ernst & Young

Updated 02 Feb, 2024 09:38pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 9	278.20
USD PKR Interbank Buying / May 9	278
USD to Japanese Yen / May 9	155.52
USD to Swiss Franc / May 9	0.91
Pound Sterling to USD / May 9	1.25
Euro to USD / May 9	1.08

Stock	Volume
S&P 500 / May 9	5214.08
India Sensex / May 9	72404.17
Tokyo Nikkei / May 9	38486.69
Nasdaq / May 9	16346.27
Hang Seng / May 9	18537.81
FTSE 100 / May 9	8381.35
Dow Jones / May 9	39387.76
Germany DAX 30 / May 9	18686.60

Item	Value
Crude Oil USD/Barrel / May 9	79.64
Karachi Cotton PKR/37.32 KG / May 9	19935
Gold 10 Grams PKR / May 9	205075
Gold Spot USD/Ounce / May 9	2347.74
Cotton US¢/pound / May 9	78.60
Petrol/Litre / May 10	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 10 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 10 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 10 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 10 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 10 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 10 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 10 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 10 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 10 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 10 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 10 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 10 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 10 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 10 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 10 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 10 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 10 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 10 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 10 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 10 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 10 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 10 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 10 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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