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IMF deal

In tit-for-tat response, Pakistan says FY24 budget ‘was never a part of IMF 9th review’

Govt says it is committed to IMF programme, wants to at least complete pending review

Updated 16 Jun, 2023 08:19pm

Pakistan

Pakistan’s time being wasted, says Dar in reference to delay in IMF funding

Says global institutions want Pakistan to default like Sri Lanka and then enter negotiations

Updated 15 Jun, 2023 10:25pm

Pakistan

IMF comes down hard on Pakistan’s budget proposals

Says draft misses opportunity to broaden tax base in progressive way
Criticises new tax amnesty scheme that runs against IMF programme’s conditionality/governance agenda, and creates a damaging precedent

Updated 15 Jun, 2023 09:00am

PM still hopeful of successful IMF agreement

Says if the agreement delays further due to ‘any reason’, he will apprise the nation

Updated 12 Jun, 2023 09:19am

Pakistan

Hopeful IMF deal would be signed this month: PM Shehbaz

Says Pakistan awaits release of pending disbursement of $2.5 billion

Updated 11 Jun, 2023 09:53pm

Markets

Pakistan now hopes to ink deal with IMF before budget on Friday: report

Programme has been stalled at the ninth review since November last year with statements from officials insisting bailout is on track and will be revived soon

Updated 06 Jun, 2023 05:24pm

PM sees IMF deal materialising this month

ISLAMABAD: Prime Minister Shehbaz Sharif has said that his government has been able to navigate the challenges faced...

Updated 06 Jun, 2023 08:49am

Pakistan

Ninth review: fresh financing requirements unchanged, says IMF

Resident representative says 'no truth to reports that IMF is asking Pakistan to raise $8bn in fresh financing'

Published 14 May, 2023 05:58pm

Pakistan

IMF stresses on ‘staying within agreed policy framework, securing financing’

Washington-based lender says it has taken note of recent (political) developments, and hopes peaceful way forward is found

Updated 14 May, 2023 06:00pm

Pakistan

Public debt-to-GDP ratios have continued to rise in Pakistan: IMF

ISLAMABAD: The public debt-to-GDP ratios have continued to rise in Pakistan, reflecting the combination of...

Published 04 May, 2023 07:37pm

BR Research

HBL: Record profits in tough times

This may well be the toughest time in Pakistan’s economic history, but looking at HBL’s 1QCY23 results would let...

Published 02 May, 2023 09:20am

Editorials

IMF deal: many a slip between the cup...

EDITORIAL: The IMF’s (International Monetary Fund’s) ninth review is pending for as long as Ishaq Dar is the...

Published 01 May, 2023 03:28am

UAE promises $1bn to get IMF deal on track

China has released $300m: Dar

Updated 15 Apr, 2023 08:50am

BR Research

What’s beyond SLA?

The IMF deal is still stuck. The Staff Level Agreement (SLA) is yet to be completed. It’s highly likely that SLA...

Published 09 Mar, 2023 07:25am

Pakistan

Measures to revive IMF deal: President Alvi advises taking parliament into confidence 'more appropriate'

Finance Division statement says the president has called for an immediate session so that bill is enacted without delay

Updated 14 Feb, 2023 11:34pm

Pakistan

Fitch Ratings downgrades Pakistan’s foreign-currency IDR to ‘CCC-’

Says default or debt restructuring is an increasingly real possibility

Updated 14 Feb, 2023 07:39pm

IMF, govt look to reach deal

ISLAMABAD: Talks between the International Monetary Fund and Pakistan will resume virtually on Monday, a Pakistani...

Updated 14 Feb, 2023 09:04am

Pakistan

IMF mission to visit Pakistan in November

IMF is encouraging Pakistan to move from an untargeted subsidy that is a waste of resources, says Fund's official

Updated 14 Oct, 2022 11:19pm

Markets

Finance ministry estimates flood losses at $18.5bn: Miftah Ismail

Finance minister assures textile sector that govt will supply cotton and fuel 'no matter what we have to do'

Updated 10 Sep, 2022 10:24pm

BR Research

More instability?

It is apparent that even the devastating floods, whose losses continue to mount, have failed to lower the political...

Published 09 Sep, 2022 08:33am

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

Markets

Rupee settles with marginal drop against US dollar

Closes at 214.95 in inter-bank market on Thursday

Updated 18 Aug, 2022 09:04pm

Pakistan

Extended Fund Facility: Pakistan receives Letter of Intent from IMF

Board meeting expected at the end of August

Updated 12 Aug, 2022 08:11pm

Markets

7th successive gain: Rupee closes at 221.91 against US dollar

Currency has strengthened over 8% since hitting its all-time low in inter-bank market last month

Updated 10 Aug, 2022 08:01pm

Pakistan

Dollar’s value to be below Rs200 after IMF deal: Ahsan

LAHORE: Terming appreciation in the dollars’ worth against Pak rupee as ‘artificial and speculative’, Federal...

Updated 31 Jul, 2022 09:58am

Pakistan

Pakistan’s GDP growth projected to 'recover slightly' in FY23: ADB

Asian Development Outlook Supplement highlights SBP among most aggressive central banks in region

Updated 21 Jul, 2022 06:18pm

Pakistan

Fitch downgrades Pakistan’s outlook to negative, sees 'considerable risks' to IMF programme

Renewed political volatility could undermine authorities' fiscal and external adjustment, it says

Updated 19 Jul, 2022 03:34pm

Business & Finance

IMF's staff-level agreement a credit positive for Pakistan: Moody’s

Agreement paves way for release of $1.2 billion in IMF financing, says Moody's

Updated 18 Jul, 2022 06:03pm

Pakistan

Miftah says he expects IMF Board approval in August

Finance minister says govt has completed all prior actions

Updated 16 Jul, 2022 02:11pm

Markets

Tarin ‘worried’ over rupee’s fall despite IMF nod

Former finance minister Shaukat Tarin on Friday expressed his concern over decline in the rupee's value against the...

Published 15 Jul, 2022 05:43pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 7	278.32
USD PKR Interbank Buying / May 7	278.12
USD to Japanese Yen / May 7	155.24
USD to Swiss Franc / May 7	0.91
Pound Sterling to USD / May 7	1.25
Euro to USD / May 7	1.07

Stock	Volume
S&P 500 / May 7	5187.70
India Sensex / May 7	73511.85
Tokyo Nikkei / May 7	38342.76
Nasdaq / May 7	16332.56
Hang Seng / May 7	18549.73
FTSE 100 / May 7	8313.67
Dow Jones / May 7	38884.26
Germany DAX 30 / May 7	18430.05

Item	Value
Crude Oil USD/Barrel / May 7	78.06
Karachi Cotton PKR/37.32 KG / May 7	19935
Gold 10 Grams PKR / May 7	205761
Gold Spot USD/Ounce / May 7	2316.80
Cotton US¢/pound / May 7	77.68
Petrol/Litre / May 8	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 8 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 8 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 8 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 8 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 8 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 8 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 8 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 8 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 8 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 8 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 8 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 8 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 8 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 8 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 8 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 8 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 8 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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