Trends - IMF deal - Business Recorder

IMF deal

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

Pakistan

SBP keeps key policy rate unchanged at 22%

Governor Jameel Ahmad announces Monetary Policy Committee's decision in press conference

Updated 31 Jul, 2023 06:43pm

Pakistan

China’s EXIM Bank has rolled over $2.4bn loans, says Ishaq Dar

Pakistan will only make interest payments in both years, the finance minister adds

Updated 27 Jul, 2023 03:47pm

Pakistan

Ministry of Finance expects inflation ‘to ease out’ in July

In 'Monthly Economic Update & Outlook' for July, it says recent decrease in administered prices of petrol and diesel will be transmitted into lower domestic prices of essential items

Updated 26 Jul, 2023 07:07pm

Markets

PM Shehbaz expects ‘positive results amid improved energy and agri production’

Prime Minister Shehbaz Sharif on Tuesday reiterated the country has managed to avert a ‘sovereign default’ while...

Updated 25 Jul, 2023 06:12pm

Markets

PLL, Azerbaijan’s SOCAR ink framework agreement to procure LNG cargoes

Pakistan LNG Limited (PLL) and SOCAR Trading Company, an international marketing and development arm of the State...

Updated 24 Jul, 2023 05:23pm

Markets

7th straight fall: rupee settles at 287.92 against US dollar

Currency depreciates 0.39% in inter-bank market
Cumulatively, rupee has depreciated 4% in less than two weeks

Updated 24 Jul, 2023 07:50pm

Pakistan

Tax measures in IMF’s LoI already implemented: Ishaq Dar

Finance minister reiterates stance that govt will not impose any new taxes since all measures had been taken

Updated 22 Jul, 2023 08:03pm

Markets

Dar says no plan to impose new taxes on agriculture, construction sectors

Statement comes during National Assembly session on Friday

Updated 21 Jul, 2023 06:15pm

World

IMF says Russia exit from Ukraine grain deal risks adding to global food inflation

WASHINGTON: The International Monetary Fund on Wednesday said Russia’s exit from a deal allowing Ukrainian exports...

Published 19 Jul, 2023 07:26pm

Markets

Rupee registers fourth straight loss, settles at 283.8 against US dollar

Currency depreciates 0.27% in inter-bank market

Updated 19 Jul, 2023 07:41pm

Markets

Rupee sees back-to-back losses, settles at 279.26 against US dollar

Currency depreciates 0.6% in inter-bank market

Updated 17 Jul, 2023 06:31pm

BR Research

Repatriation axed!

Dividend and profit repatriation on foreign direct invest was almost negligible in FY23 and also lowest in at least...

Published 17 Jul, 2023 07:03am

Opinion

Pakistan’s lifeline restored by IMF

Pakistan and IMF (International Monetary Fund) have reached a $3 billion Stand-By Arrangement (SBA) to help the...

Updated 16 Jul, 2023 06:37am

Markets

Brokerage house AHL expects KSE-100 to provide upside of 24% in FY24

AHL says KSE-100 could power past 56,000 level by June 2024

Updated 15 Jul, 2023 11:52pm

PM reassures IMF chief: Govt won’t tolerate iota of violation of deal

Prime Minister Shehbaz Sharif holds telephonic conversation with MD IMF Kristalina Georgieva

Updated 15 Jul, 2023 02:24pm

Pakistan, Argentina bonds’ surge belies bigger reform hurdles

LONDON: Investors have piled back into bonds in Pakistan and Argentina following cash infusions and optimism over...

Updated 15 Jul, 2023 09:53am

Markets

IMF delves into reasons behind ‘shorter’ programme with Pakistan

Nine-month Stand-By Arrangement provides time to implement policies critical to strengthening Pakistan's economic situation, says IMF’s Director of Strategic Communications Julie Kozack

Updated 14 Jul, 2023 08:59pm

Markets

Rupee falters, settles at 277.59 against US dollar

Currency falls 0.41% in inter-bank market

Updated 14 Jul, 2023 06:54pm

UN chief helped Pakistan secure IMF deal

ISLAMABAD: The United Nations Secretary General Antonio Manuel de Oliveira Guterres, played a key role in the...

Updated 14 Jul, 2023 11:16am

First tranche of SBA: IMF transfers $1.2bn to SBP account: Dar

ISLAMABAD: The International Monetary Fund (IMF) has transferred $1.2 billion to the State Bank of Pakistan (SBP) —...

Updated 14 Jul, 2023 09:14am

Steps to broaden tax base: FY24 budget advances primary surplus of 0.4pc of GDP: IMF

ISLAMABAD: The fiscal year 2024 budget advances a primary surplus of around 0.4 percent of GDP by taking some steps...

Updated 14 Jul, 2023 09:27am

Markets

Pakistan dollar bonds rally after IMF clears $3bn bailout

LONDON: Pakistan’s sovereign dollar bonds gained as much as 1.7 cents, Tradeweb data showed on Thursday, after the...

Published 13 Jul, 2023 01:08pm

Markets

Profit-taking erases gains, KSE-100 settles 0.54% lower

At close, benchmark index ends at 45,266.96

Updated 13 Jul, 2023 06:07pm

Pakistan

US says welcomes deal

WASHINGTON: The United States of America has welcomed the staff-level agreement between Pakistan and the...

Published 13 Jul, 2023 04:50am

Pakistan

IMF Executive Board approves $3bn Stand-By Arrangement for Pakistan

Board’s approval allows for an immediate disbursement of SDR894 million or about US$1.2 billion

Updated 12 Jul, 2023 11:57pm

Pakistan

UAE has deposited $1bn in Pakistan’s central bank: Ishaq Dar

Finance minister says SBP-held foreign exchange reserves have gotten another boost after $2bn inflow from Saudi Arabia

Updated 12 Jul, 2023 07:57pm

Markets

KSE-100 up over 350 points as bullish wave continues

Benchmark index settles above 45,500 level

Updated 12 Jul, 2023 08:05pm

Markets

Saudi Arabia deposits $2bn in SBP: Ishaq Dar

Finance minister says this will boost central bank-held foreign exchange reserves

Updated 11 Jul, 2023 07:10pm

Fitch upgrades rating on improved external liquidity

ISLAMABAD: Fitch Ratings has upgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to “CCC”...

Updated 11 Jul, 2023 09:02am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 26	278.40
USD PKR Interbank Buying / Jul 26	278.20
USD to Japanese Yen / Jul 26	153.77
USD to Swiss Franc / Jul 26	0.88
Pound Sterling to USD / Jul 26	1.29
Euro to USD / Jul 26	1.09

Stock	Volume
S&P 500 / Jul 25	5,399.22
Nasdaq / Jul 25	17,181.72
Dow Jones / Jul 25	39,935.07
India Sensex / Jul 26	80,709.64
Tokyo Nikkei / Jul 26	37,865.35
Hang Seng / Jul 26	17,058.55
FTSE 100 / Jul 26	8,255.78
Germany DAX 30 / Jul 26	18,346.62

Item	Value
Crude Oil USD/Barrel / Jul 26	78.38
Karachi Cotton PKR/37.32 KG / Jul 26	17,035
Gold 10 Grams PKR / Jul 26	215,621
Gold Spot USD/Ounce / Jul 26	2,374.19
Cotton US¢/pound / Jul 26	68.62
Petrol/Litre / Jul 27	275.60

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jul 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jul 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jul 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jul 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jul 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jul 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jul 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jul 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jul 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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IMF deal

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