Trends - IMF and Pakistan - Business Recorder

IMF and Pakistan

IMF and Pakistan’s defence budget

According to a Business Recorder news item, Pakistan’s defense budget for next fiscal year has been projected by...

Published 23 May, 2024 05:16am

Business & Finance

Successful completion of 9-month SBA: Aurangzeb briefs Canadian envoy

ISLAMABAD: Canadian High Commissioner to Pakistan Leslie Scanlon called on Federal Minister for Finance and Revenue...

Published 23 May, 2024 05:16am

Opinion

Cotton production: India moves forward, Pakistan falls behind

Currently, Pakistan is facing economic challenges. Although the present government is implementing positive measures...

Updated 22 May, 2024 06:19am

Opinion

From IMF to IT

Digital revolution. E-commerce. On line expansion. Artificial intelligence. This is what the world has been talking...

Updated 22 May, 2024 06:17am

Editorials

One state two rules

EDITORIAL: Finally, after unending uproar from business and industry, the government is in no mood to extend tax and...

Published 21 May, 2024 03:39am

Business & Finance

Improvements in economic landscape: Aurangzeb briefs Italian envoy

ISLAMABAD: Ambassador of Italy to Pakistan Marilina Armellin called on Minister for Finance and Revenue Senator...

Published 21 May, 2024 03:39am

Opinion

Flawed IMF programme design

The International Monetary Fund’s (IMF’s) analysis and prescriptions in the second and final review document...

Updated 20 May, 2024 06:19am

Govt eyeing new steps to achieve Rs1trn plus taxation

Budget makers are considering further increasing difference of withholding tax rates between filers and non-filers of returns

Updated 20 May, 2024 07:05pm

Markets

PSX hits new highest-ever level

KARACHI: Pakistan Stock Exchange witnessed bullish trend and hit new highest ever level during the outgoing week...

Published 20 May, 2024 05:44am

Editorials

Dubai property market

EDITORIAL: Technically, at least, making smart investments in high-yielding asset classes – Dubai property market...

Published 18 May, 2024 05:45am

Talks with IMF on next phase of engagement this week

ISLAMABAD: The International Monetary Fund (IMF) Mission is meeting with the Pakistani authorities this week to...

Updated 18 May, 2024 04:58pm

UN projects Pak economy to grow by 2pc in 2024

NEW YORK: Pakistan, which faces significant economic challenges, is expected to have “modest economic growth”, with...

Updated 18 May, 2024 08:40am

Opinion

Fundamental reforms for survival

Pakistan is persistently confronting economic challenges, the resolution of which hinge on IMF’s new programme,...

Published 17 May, 2024 05:50am

Immovable properties: Hike in advance tax on purchase likely

Taxation on real estate discussed during ongoing meetings between FBR and IMF

Updated 17 May, 2024 11:39am

Public debt soars to Rs39.7trn, NA told

ISLAMABAD: The external debt was recorded at $86.36 billion and domestic debt was recorded at Rs39.7 trillion of the...

Updated 17 May, 2024 12:39pm

Perspectives

The revolving door of instability in Pakistan

The current state of affairs in Pakistan is deeply concerning as the country appears to be slipping back into...

Published 16 May, 2024 08:34pm

Opinion

The AJK curtain-raiser

I fear the recent unrest in AJK was not an isolated affair, nor does the delayed Rs35bn sweetener mean the end of ...

Published 16 May, 2024 06:28am

Non-filers: FBR proposes WHT raise on cash withdrawal from banks

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed to raise withholding tax on cash withdrawal from the...

Updated 16 May, 2024 11:50am

Editorials

Political uncertainty or just bad economics?

EDITORIAL: The refrain that political uncertainty is exacerbating the economic impasse due to inconsistent policies,...

Published 16 May, 2024 06:28am

Opinion

Time to act: 9 cents/kWh

The country faces daunting economic challenges. A shrinking industrial base, a bulging workforce with no jobs to...

Updated 15 May, 2024 06:28am

H1FY24: Driven by agri sector, real GDP grew 1.7pc: SBP

Macroeconomic conditions improve during first half of fiscal year 2024

Updated 15 May, 2024 09:24am

FBR proposes Rs1.3trn new taxation measures

Chalks out plan including additional taxes, withdrawal of exemptions and zero-ratings and taxation of real estate/retail sectors

Updated 15 May, 2024 10:44am

Pakistan

Barring ‘strategic entities’, Pakistan to pursue privatisation of all SOEs: PM Shehbaz

In official statement, premier says govt should not be in business of doing business

Updated 14 May, 2024 09:21pm

Markets

KSE-100 powers past 74,000 with over 730-point gain

The Pakistan Stock Exchange (PSX) continued its merry-run on Tuesday as the benchmark KSE-100 gained over 730 points...

Updated 14 May, 2024 10:39pm

Opinion

Tax reforms: Aurangzeb will bell the cat?

It is indeed heartening to note that the country’s external account position is gradually improving amid reports...

Published 14 May, 2024 05:18am

Govt, IMF team start discussions

ISLAMABAD: The government of Pakistan on Monday kick-started the discussions on further engagement with the...

Updated 14 May, 2024 09:38am

Business & Finance

IMF briefed about tax gap, revenue collection position

ISLAMABAD: The Federal Board of Revenue (FBR) Monday briefed the International Monetary Fund (IMF) on the existing...

Published 14 May, 2024 05:18am

Pakistan

Pakistan, IMF mission begin discussions on further engagement

In a key development, Pakistan government and the visiting International Monetary Fund (IMF) mission began on Monday...

Published 13 May, 2024 09:55pm

Markets

Citi expects Pakistan to strike new $8bn IMF deal by end-July

Recommends going long on the country's 2027 international bond

Updated 13 May, 2024 10:28pm

Markets

KSE-100 closes nearly 1% higher amid rate cut hopes, settles at record high of 73,799

Index also touches 74,000 for first time in history, but fails to sustain level

Updated 13 May, 2024 11:12pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 23	278.42
USD PKR Interbank Buying / May 23	278.22
USD to Japanese Yen / May 23	156.74
USD to Swiss Franc / May 23	0.91
Pound Sterling to USD / May 23	1.27
Euro to USD / May 23	1.08

Stock	Volume
S&P 500 / May 22	5307.01
Nasdaq / May 22	16801.54
FTSE 100 / May 22	8370.33
Dow Jones / May 22	39671.04
Germany DAX 30 / May 22	18680.20
France CAC40 / May 22	8092.11
India Sensex / May 23	74667.86
Tokyo Nikkei / May 23	39034.80

Item	Value
Karachi Cotton PKR/37.32 KG / May 22	19935
Gold 10 Grams PKR / May 22	212791
Petrol/Litre / May 23	273.10
Crude Oil USD/Barrel / May 23	76.94
Gold Spot USD/Ounce / May 23	2362.37
Diesel/Litre / May 23	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 23 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 23 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 23 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 23 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 23 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 23 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 23 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 23 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 23 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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IMF and Pakistan

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