Trends - IMF Program - Business Recorder

IMF Program

Postponement of polls: Justification given by Punjab secretary termed ‘flimsy’

ISLAMABAD: A ‘flimsy’ justification was cited by the Chief Secretary Punjab and the Ministry of Finance to the...

Published 26 Mar, 2023 03:19am

Pakistan

General elections to take place 'on time' in August or September: PM Shehbaz

Says assembly elections in Punjab, KP 'will have consequences'

Updated 15 Mar, 2023 09:51pm

BR Research

Getting completely priced out?

As central banks across the world continue to hike interest rates to rein in inflation (with little to show for it,...

Published 15 Mar, 2023 08:40am

Editorials

Conference on LDCs: the Doha difference

EDITORIAL: Prime Minister Shehbaz Sharif in his address to the fifth UN-sponsored conference (5-9 March) on Least...

Published 08 Mar, 2023 06:20am

Pakistan

Pakistan has to give assurances on financing BOP deficit: IMF

External financing is one of the last in a string of prior actions the lender wants Islamabad to complete before it clears funding, IMF representative says

Updated 06 Mar, 2023 02:55pm

BR Research

Caught in the crossfire?

While the government is getting considerable flak due to the long delay in IMF program revival and resulting...

Published 06 Mar, 2023 08:25am

World

Sri Lanka’s rate hike shows commitment to rapid disinflation: IMF

COLOMBO: Sri Lanka’s decision to raise interest rates shows the crisis-hit country’s commitment to reducing...

Updated 04 Mar, 2023 03:30pm

World

Sri Lanka unexpectedly raises rates to fulfil IMF bailout requirements

COLOMBO: Sri Lanka’s central bank raised interest rates in an unexpected move on Friday in a bid to help the country...

Published 03 Mar, 2023 06:44pm

BR Research

Beyond repair?

Heavy is the head that wears the crown – especially the one that is still trying to govern Pakistan amid myriad ...

Published 03 Mar, 2023 08:47am

Pakistan

Pakistan will need another IMF programme in June: Dr Murtaza Syed

Calls Pakistan's economic crisis the worst in history steered by domestic and global reasons

Updated 24 Feb, 2023 05:53pm

World

G7 raises Ukraine support to $39bn for 2023, urges IMF programme by March

BENGALURU: The Group of Seven (G7) nations on Thursday raised economic support to Ukraine to $39 billion for this...

Published 23 Feb, 2023 06:53pm

Pakistan

President Alvi approves Finance (Supplementary) Bill 2023

Also known as the mini-budget, the bill is key to unlocking the next tranche of the IMF programme

Updated 23 Feb, 2023 05:11pm

Pakistan

Cabinet members to forgo salaries, perks, says PM Shehbaz while announcing austerity measures

All luxury cars being used by cabinet members will be auctioned, Toshakhana record to be made public, says PM

Updated 22 Feb, 2023 08:03pm

Pakistan

Pakistan hopeful of securing IMF financing ‘soon’, says PM Shehbaz

Says government is focused on making austerity a top priority

Updated 22 Feb, 2023 06:16pm

Pakistan

Pakistan may need debt adjustment despite IMF support: Barclays

In its report 'Payment halt a possibility', Barclays says lack of new bilateral financing agreements reflects Pakistan’s complex political environment & macroeconomic instability

Updated 22 Feb, 2023 05:21pm

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

BR Research

PSDP in 1HFY23

The Ministry of Finance’s fiscal scorecard released last week confirmed what many observers have been pointing out...

Published 13 Feb, 2023 09:27am

Business & Finance

Pakistan’s external position under significant stress: Moody’s

Revenue-raising measures will likely be among prior actions that the International Monetary Fund (IMF) requires...

Updated 10 Feb, 2023 09:35pm

Pakistan

JI chief to lead march against inflation

LAHORE: Chief of Jamaat-e-Islami Sirajul Haq will lead three-day Awami march from Lahore to Rawalpindi against...

Published 10 Feb, 2023 03:56am

Stalled IMF bailout remains locked

Staff-level agreement to be reached subsequently after approval by Washington

Updated 10 Feb, 2023 08:59am

Markets

Gold price sees biggest one-day decline, retreats to Rs201,500 per tola in Pakistan

Rupee appreciation, hopes of positive outcome of talks with IMF steer decrease

Published 31 Jan, 2023 07:43pm

Markets

Gold price shoots to record high, now stands at Rs202,500 per tola

Surge comes after sharp rupee depreciation against dollar

Published 27 Jan, 2023 07:49pm

Pakistan

PBC urges authorities to augment IMF programme

The Pakistan Business Council (PBC) has welcomed the development regarding arrival of the International Monetary...

Updated 27 Jan, 2023 06:17pm

Markets

Alarm bells: SBP-held foreign exchange reserves plunge $923mn, now stand at mere $3.7bn

Liquid foreign reserves held by the country now stand at $9.5bn

Updated 26 Jan, 2023 08:35pm

Pakistan

Ishaq Dar has inflicted huge financial dent to Pakistan: Miftah Ismail

Former finance minister says Dar thought he could run the economy without IMF programme

Updated 26 Jan, 2023 06:48pm

World

China offers Sri Lanka debt moratorium, IMF help still in doubt

NEW DELHI/COLOMBO: The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said...

Published 24 Jan, 2023 07:01pm

BR Research

CAD down; crisis up

The current account deficit stood at $400 million in Dec-22 and $1.2 billion for the second quarter – down by 78...

Published 20 Jan, 2023 09:12am

BR Research

US-Pak: the year ahead

Can the US-Pak bilateral ties build on the progress made last year (despite some turbulence) and provide some...

Published 04 Jan, 2023 09:12am

Key phrase: ‘structural reforms’

State Bank of Pakistan says prudent monetary and fiscal policies imperative to increase resilience of the economy

Updated 22 Dec, 2022 09:52am

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
Petrol/Litre / Apr 30	293.94
Crude Oil USD/Barrel / Apr 30	82.43
Karachi Cotton PKR/37.32 KG / Apr 30	20000
Gold 10 Grams PKR / Apr 30	207390
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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