Trends - IMF Program - Business Recorder

IMF Program

The missing economic manifesto clarity

As Pakistan enters a new election cycle, it is imperative that political parties should come up with not only...

Published 10 Nov, 2023 03:07am

Editorials

Reverse migration

EDITORIAL: One by one the social spillovers of the financial meltdown are beginning to show. Now there’s a very...

Published 18 Oct, 2023 06:09am

BR Research

Bill discounting: still no trust in the Rupee?

It seemed that the tough times were over. Just two months ago, foreign bill discounting transactions at commercial...

Published 22 Sep, 2023 08:47am

Markets

Rupee falls to 291.5 against US dollar, its weakest closing in inter-bank market since May 11

Local currency sees depreciation of over 1% on Tuesday as caretaker govt takes over affairs of the country

Updated 15 Aug, 2023 08:08pm

BR Research

Remittances - the decline continues!

The weaknesses in remittances have been visible over the last year or so the foreign inflows remain tepid and...

Published 15 Aug, 2023 08:21am

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

Pakistan

IMF’s Executive Board meeting on Pakistan set for July 12

The Fund is set to discuss a nine-month stand-by arrangement for Pakistan as the previous Extended Fund Facility expired on June 30

Updated 06 Jul, 2023 09:55am

Markets

SBP-held foreign exchange reserves rise $533mn, stand at $4.07bn

Increase comes on back of realisation of $300 million proceeds of government of Pakistan’s commercial loan

Published 03 Jul, 2023 09:06pm

Pakistan

Moody’s, Fitch see lingering risks despite Pakistan-IMF deal: report

Pakistan is staring at $25bn debt repayment in fiscal year 2023-24, and a widening current account deficit could pose problems

Published 03 Jul, 2023 08:16pm

Markets

Component-wise breakdown of petrol price in Pakistan

Government raises PDL to Rs55 per litre to fulfil key condition of IMF

Published 01 Jul, 2023 01:40pm

Pakistan

Pakistan, IMF reach staff-level agreement on new $3bn stand-by arrangement

Agreement subject to approval by the IMF Executive Board, with its consideration expected by mid-July

Updated 30 Jun, 2023 11:11pm

Business & Finance

SBP raises key policy rate by 100bps to 22% after ‘emergency meeting’

Cites upward revisions in taxes, duties and PDL in FY24 budget and lifting of import restrictions as factors that slightly deteriorate inflation outlook

Updated 26 Jun, 2023 08:10pm

Pakistan

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

Opinion

Understanding and addressing fault lines–I

The Economist in its edition of May 13-19th 2023 has pointed out that the 10-year USD-denominated sovereign bond of...

Updated 15 Jun, 2023 06:39am

Opinion

‘That is Dar’s philosophy of life’?

It’s a typical Dar budget with some populistic flavor. Penalize anyone who makes money legally and wants to grow...

Published 10 Jun, 2023 05:20am

PML(N)-led coalition govt struggles to strike a delicate balance between outright populism & fiscal discipline

Dar presents Rs14.5trn budget
Budget closely watched by IMF
3.5% economic growth target set
Fiscal deficit target set at 6.54% of GDP
Govt targets inflation at 21%
Total spending target of 14.46 trillion rupees set
Defence expenditure estimated at 1.8 trillion rupees
Targets total tax revenue of 9.2 trillion rupees
Targets total non-tax revenue of 3 trillion rupees
$30 billion export target set
No new tax on industrial sector

Published 10 Jun, 2023 05:00am

Pakistan

Budget FY24: govt could take steps ‘to appease public’, says Topline

Facing massive political pressure, the government could take steps “to appease the public” in the upcoming budget...

Published 03 Jun, 2023 06:27pm

Pakistan

Delay in IMF programme ‘unprecedented’, says Dar

Finance minister believes there is no technical reason for the delay
Slams 'pseudo-intellectuals' who have predicted country will default

Updated 03 Jun, 2023 08:09pm

BR Research

Inflation: Is this the peak?

Headline national Inflation in May 2023 hit a new high at 38 percent year-on-year. Both rural and urban inflation...

Published 02 Jun, 2023 08:36am

Debit, credit cards: ECAP suggests 10pc tax on shopping abroad

KARACHI: Exchange Companies of Pakistan (ECAP) Chairman Malik Muhammad Bostan Thursday suggested early imposition of...

Updated 02 Jun, 2023 12:07pm

World

IMF staff, Kenya reach agreement on economic programmes

NAIROBI: The International Monetary Fund and Kenya have reached a staff-level agreement on Kenya’s economic...

Published 23 May, 2023 07:55pm

Business & Finance

Despite improved C/A, fiscal balance: Macroeconomic conditions deteriorated in first half of FY23: SBP

KARACHI: The State Bank of Pakistan (SBP) Friday said Pakistan’s macroeconomic conditions deteriorated during ...

Published 20 May, 2023 05:59am

BR Research

Petrol pricing: Taxes may go up

As the government reduced petroleum prices earlier this week, eyebrows were raised. Skeptics were quick to relate it...

Updated 19 May, 2023 01:09pm

Markets

IMF chief hopeful of ‘successful’ completion of programme with Pakistan

International Monetary Fund (IMF) Managing Director Kristalina Georgieva has said she is optimistic that the current...

Updated 14 Apr, 2023 06:48pm

Opinion

Resilience, helplessness or loss of trust?—II

In other words, the country is on the verge of a sovereign default. This recognition is an admission for cure; ...

Updated 14 Apr, 2023 07:16am

Editorials

IMF bailout in sight: misplaced optimism?

EDITORIAL: A statement issued by the Ministry of Finance has revealed that the economic team led by Finance Minister...

Updated 14 Apr, 2023 06:49am

Pakistan

IMF deal taking time due to delay in assurance from friendly nation: Ishaq Dar

Says he cancelled his US trip on the request of PM Shehbaz, will attend IMF-World Bank spring meetings virtually

Updated 08 Apr, 2023 09:14pm

BR Research

MPS: rate hike just right?

SBP has increased the policy rate by 1 percent to 21 percent. The increase is slightly less than the market’s...

Published 05 Apr, 2023 08:57am

Pakistan

IMF is asking for ‘guarantees at every step’: PM Shehbaz

Says talks between government and IMF are still underway

Updated 28 Mar, 2023 07:57pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 30	278.40
USD PKR Interbank Buying / Apr 30	278.20
USD to Japanese Yen / Apr 30	156.75
USD to Swiss Franc / Apr 30	0.91
Pound Sterling to USD / Apr 30	1.25
Euro to USD / Apr 30	1.07

Stock	Volume
S&P 500 / Apr 29	5116.17
Nasdaq / Apr 29	15983.08
Dow Jones / Apr 29	38386.09
India Sensex / Apr 30	75020.21
Tokyo Nikkei / Apr 30	38337.50
Hang Seng / Apr 30	17733.21
FTSE 100 / Apr 30	8175.09
Germany DAX 30 / Apr 30	18100.97

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 29	209105
Petrol/Litre / Apr 30	293.94
Crude Oil USD/Barrel / Apr 30	82.43
Gold Spot USD/Ounce / Apr 30	2326.07
Diesel/Litre / Apr 30	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 30 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 30 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 30 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 30 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 30 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 30 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 30 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 30 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 30 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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