Trends - IMF programme - Business Recorder

IMF programme

Majority expect reduction in key policy rate in upcoming MPC meeting, AHL survey finds

Brokerage house sees 100bps cut in meeting reportedly set to be held on July 29 (Monday)

Updated 22 Jul, 2024 10:56pm

Opinion

IMF programme, debt re-profiling, and debt restructuring

Pakistan is facing a huge challenge in terms of debt distress. Secondly, the country is stuck in a low economic...

Updated 19 Jul, 2024 07:06am

Perspectives

Fault lies within: to fix the economy, look inward

There weren’t much high hopes when Finance Minister Mohammed Aurangzeb started delivering his budget speech on June...

Published 17 Jul, 2024 10:43pm

Pakistan

New IMF programme to improve Pakistan’s funding prospects: Moody’s

Credit rating agency, however, warns govt’s ability to sustain reform implementation will be key to continually unlock financing over three-year duration

Updated 16 Jul, 2024 09:38pm

Opinion

Outlook for 2024-25

The last week’s article on outlook for 2024-25 by this writer in Business Recorder had focused on the projections...

Updated 16 Jul, 2024 07:52am

Pakistan

Taxing Pakistan’s agriculture sector: IMF push ‘a move in the right direction’

Islamabad will be required to complete a number of conditions as it moves ahead with $7-billion EFF; reforms will include bringing retail, export, and agriculture sectors properly into taxation system

Updated 13 Jul, 2024 10:15pm

Pakistan

Key policy points/reforms stressed by IMF in new staff-level agreement

In a major development, the International Monetary Fund (IMF) reached a Staff-Level Agreement (SLA) with Pakistan...

Published 13 Jul, 2024 11:19am

Markets

IMF, Pakistan reach staff-level agreement on $7bn Extended Fund Facility

The new 37-month programme is now subject to approval by the lender's Executive Board

Updated 13 Jul, 2024 10:15pm

Editorials

Power tariff cuts for protected consumers

EDITORIAL: The government’s clear lack of planning regarding measures of national importance that directly impact...

Updated 12 Jul, 2024 07:53am

IMF will continue to discuss policy goals and actions

ISLAMABAD: The International Monetary Fund (IMF) will continue to discuss policy goals and actions that could form...

Updated 12 Jul, 2024 09:21am

Opinion

‘Nationwide protests’?

It seems the mainstream press is finally waking up to the social implications of the new tax regime. So far it’s...

Published 11 Jul, 2024 05:51am

Markets

Arif Habib Limited now expects KSE-100 to hit 109,000 by June 2025

Propelled by optimism over inking a “new longer and larger” programme with the International Monetary Fund (IMF) and...

Updated 04 Jul, 2024 08:53pm

Pakistan

Pakistan has met all requirements for IMF bailout deal, finance official says

Malik says no major issues left to address as Pakistan seeks over $6bn bailout

Updated 03 Jul, 2024 04:41pm

Markets

Record high closing: KSE-100 index settles at 80,234

The Pakistan Stock Exchange (PSX) continued with its winning run as the benchmark KSE-100 index settled above the...

Updated 03 Jul, 2024 05:11pm

Opinion

Some key budgetary magnitudes

The Federal Budget for 2024-25 has been examined by the Parliament and following some amendments it has been...

Updated 02 Jul, 2024 06:30am

Business & Finance

Prior actions for IMF programme largely complete, says Aurangzeb

IMF also wants work on some structural benchmarks like a tax-to-GDP ratio, power sector, FBR, and SOE reforms

Updated 01 Jul, 2024 11:42pm

Markets

KSE-100’s record run: PSX world’s best-performing market in FY24, outlook stays positive

The Pakistan Stock Exchange (PSX) emerged as the best performing equity market in the world during fiscal year...

Updated 29 Jun, 2024 02:35pm

Markets

Brokerage houses see inflation rate in Pakistan to go over 12% in June

Two brokerage houses said they see CPI-based inflation reading inching slightly higher, and hovering around 12-13%...

Updated 28 Jun, 2024 11:58pm

Pakistan

Govt passes tax-laden budget ahead of talks on fresh IMF loan

Some amendments part of the final budget

Updated 28 Jun, 2024 11:57pm

Markets

Pakistan’s remittances to recover and grow in 2024, 2025: World Bank

Remittance flows in Pakistan to hit $30 billion in 2025, says global body in report

Updated 27 Jun, 2024 08:13pm

Business & Finance

Kenya backing down on tax hikes will complicate IMF funding: Moody’s

JOHANNESBURG: Moody’s credit rating agency said Kenyan President William Ruto’s decision to withdraw planned tax...

Published 27 Jun, 2024 03:31pm

BR Research

Export rally bucks bill discounting trends

The export performance report card for May 2024 threw a surprise. Monthly export proceeds realization (SBP) was...

Published 27 Jun, 2024 08:40am

Opinion

Climate change, austerity policy, and IMF programme

Pakistan is likely to enter into an Extended Fund Facility (EFF) programme – which is different from a standby...

Published 21 Jun, 2024 06:37am

Moody’s points out weak debt affordability

ISLAMABAD: The government spends more than half of its revenue on interest payments, indicating very weak debt...

Published 15 Jun, 2024 06:57am

Pakistan

Pakistan’s budget to support negotiations with IMF for new programme: Moody’s

Says government spends more than half its revenue on interest payments, indicating very weak debt affordability which drives high debt sustainability risks

Updated 14 Jun, 2024 07:40pm

Pakistan

Post-budget presser: govt wants to enhance tax-to-GDP ratio to 13% in 3 years, says Aurangzeb

Finance minister hopeful Pakistan will reach Staff-Level Agreement with International Monetary Fund (IMF) by July

Updated 13 Jun, 2024 04:40pm

Pakistan

Budget 2024-25: Pakistan eyes over $20bn in external financing

Authorities in Islamabad have budgeted Rs5.685 trillion or over $20.3 billion to be acquired through external...

Published 12 Jun, 2024 10:20pm

Pakistan

Budget 2024-25 updates: Pakistan targets 3.6% growth, 38% higher FBR taxes as Aurangzeb presents proposals

Finance Minister Muhammad Aurangzeb announced Pakistan’s federal budget 2024-25, targeting a modest 3.6% growth for...

Updated 12 Jun, 2024 11:56pm

Editorials

Economic Survey

EDITORIAL: The Economic Survey 2024-25 gives good news: key macroeconomic indicators are better than the comparable...

Published 12 Jun, 2024 06:51am

Pakistan

Aurangzeb says some rollovers, return of commercial bank borrowing ways to manage external debt in FY25

Finance Minister Muhammad Aurangzeb sounded a confident tone, saying that Pakistan will meet its external debt...

Updated 11 Jun, 2024 11:56pm

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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