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IMF programme

Talks on new programme continuing virtually with Pakistan, says IMF

The International Monetary Fund (IMF) said talks are “continuing virtually” with authorities in Islamabad towards...

Published 07 Jun, 2024 12:57pm

Perspectives

Sovereign and strategic: looking at a budget beyond the IMF

Recently, Pakistan’s coffers were replenished with the final tranche from the IMF’s Stand-by Agreement (SBA),...

Published 04 Jun, 2024 08:00am

Markets

Reversal in stance: SBP might opt for rate cut in upcoming MPC meeting, brokerage house says

The State Bank of Pakistan (SBP), scheduled to announce the key policy rate on June 10 (Monday), might opt for...

Updated 31 May, 2024 11:40pm

Markets

Ministry of Finance expects inflation to fall further to 13.5-14.5% in May

Govt's commitment to curbing inflation through stringent administrative measures paints a promising picture for the inflation outlook

Updated 29 May, 2024 10:26pm

Opinion

Big financing risks

The IMF Staff Mission has left Pakistan after a series of meetings on the next Fund Programme in the form of an...

Updated 28 May, 2024 05:54am

Pakistan

US ambassador Blome reiterates support for Pakistan’s economic reform agenda

Emphasises that United States remains Pakistan’s largest export market

Updated 27 May, 2024 10:23pm

Editorials

IMF programme: there is need for design audit

EDITORIAL: Multilaterals, including the International Monetary Fund (IMF), have developed independent audit...

Updated 27 May, 2024 06:29am

Markets

KSE-100 closes shy of 76,000 after gaining on UAE’s announcement, ‘progress’ on IMF front

Benchmark index increases 869 points as investors rejoice $10bn investment pledge, statement by IMF mission

Updated 24 May, 2024 10:52pm

Pakistan

IMF, Pakistan make ‘significant progress’ towards staff-level agreement, lender says

Pakistan's reform programme also broadly outlined in statement

Updated 24 May, 2024 03:04pm

Editorials

One state two rules

EDITORIAL: Finally, after unending uproar from business and industry, the government is in no mood to extend tax and...

Published 21 May, 2024 03:39am

BR Research

Circular debt target: Optimistic much?

The IMF program review report is out and it reads much of the same for the energy sector, in terms of progress and...

Published 15 May, 2024 08:49am

Pakistan

Pakistan, IMF mission begin discussions on further engagement

In a key development, Pakistan government and the visiting International Monetary Fund (IMF) mission began on Monday...

Published 13 May, 2024 09:55pm

Markets

‘Cost-side reforms’: IMF says Pakistan needs to revisit terms of power purchase agreements

Remarks come in staff report for the second and final review under $3-billion Stand-By Arrangement

Updated 11 May, 2024 08:08pm

Pakistan

Downside risks for Pakistan remain exceptionally high, says IMF

While new government has indicated its intention to continue SBA’s policies, political uncertainty remains significant, Fund says

Published 11 May, 2024 12:54am

Markets

Pakistan plans to issue green Sukuk bonds by December: Aurangzeb

Bonds will be utilised to finance sustainable development projects, finance minister says

Updated 10 May, 2024 10:56pm

Markets

Aurangzeb hopes PIA privatisation is finalised by July

Finance minister says IMF mission expected to arrive in Pakistan in the next seven to ten days

Updated 06 May, 2024 09:49pm

Business & Finance

IMF Executive Board approves final review of SBA, allows disbursement of $1.1bn for Pakistan

The International Monetary Fund (IMF) on Monday completed its final review of Pakistan’s economic reform programme...

Updated 30 Apr, 2024 09:11am

Pakistan

IMF Executive Board to meet April 29 on Pakistan’s SBA

Approval will pave way for inflow of nearly $1.1bn

Updated 24 Apr, 2024 10:30pm

BR Research

Hope springs eternal, as do false promises

The thing about economic indicators is they can tell whatever story the narrator wishes to sell. A quick look at...

Updated 24 Apr, 2024 03:54pm

Pakistan

Aurangzeb expects central bank reserves to be $9-10bn by FY24-end

Finance minister sees FY24 economic growth at 2.6%, higher than expectations of IMF and World Bank

Updated 23 Apr, 2024 06:46pm

Markets

‘Reform’ package more important than size of next programme, says IMF

The International Monetary Fund (IMF) urged Pakistani authorities to accelerate the pace of reforms, as the country...

Updated 19 Apr, 2024 10:13pm

Pakistan

Pakistan aims to agree outline of new IMF loan in May: Finance Minister

Bulk of Pakistan's bilateral debt is being rolled over, Aurangzeb says

Updated 19 Apr, 2024 10:30pm

IMF says ready to support, stresses need for reform

IMF's Middle East and Central Asia director says it is important to accelerate the reforms, double down on the structure of reforms in order to provide Pakistan with its full potential of growth

Updated 19 Apr, 2024 09:29am

World

Sri Lanka fails to agree on restructuring terms with bondholders

COLOMBO: Sri Lanka has failed to strike an agreement on restructuring about $12 billion of debt with its...

Updated 16 Apr, 2024 07:27pm

Pakistan

Aurangzeb explains why Pakistan needs larger, longer IMF programme

Addressing Atlantic Council thinktank, finance minister says execution of structural reforms requires two to three years

Updated 16 Apr, 2024 06:50pm

Editorials

Human development crisis

EDITORIAL: It’s been a while since Pakistan got to that point in the debt cycle when the fiscal squeeze explodes...

Published 13 Apr, 2024 03:49am

Pakistan

IMF chief says Pakistan seeking potential follow-up loan program

Says Pakistan successfully completing its existing program with the IMF

Updated 12 Apr, 2024 09:32am

Pakistan

Pakistan’s ‘Nazuk Mor’ is a Harvard Business School case study

You know your country has serious issues when it becomes a case study for potential future leaders and managers. In...

Updated 09 Apr, 2024 11:19pm

Opinion

Contours of a new IMF programme-II

This is the second article on the contours of a new IMF Programme. The first article was published last week. It...

Published 09 Apr, 2024 05:06am

Business & Finance

FPCCI for adding 2m new taxpayers to net

KARACHI: Atif Ikram Sheikh, President FPCCI, has emphasized that, while FPCCI supports the efforts to increase...

Published 07 Apr, 2024 03:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 7	278.25
USD PKR Interbank Buying / Jun 7	278.05
USD to Japanese Yen / Jun 7	155.68
USD to Swiss Franc / Jun 7	0.89
Pound Sterling to USD / Jun 7	1.28
Euro to USD / Jun 7	1.09

Stock	Volume
S&P 500 / Jun 6	5352.96
Nasdaq / Jun 6	17173.12
Dow Jones / Jun 6	38886.17
India Sensex / Jun 7	75946.91
Tokyo Nikkei / Jun 7	38621.49
Hang Seng / Jun 7	18347.09
FTSE 100 / Jun 7	8256.87
Germany DAX 30 / Jun 7	18571.03

Item	Value
Petrol/Litre / Jun 7	268.36
Crude Oil USD/Barrel / Jun 7	75.78
Karachi Cotton PKR/37.32 KG / Jun 7	19935
Gold 10 Grams PKR / Jun 7	208333
Gold Spot USD/Ounce / Jun 7	2380.23
Diesel/Litre / Jun 7	270.22

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 7 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 7 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 7 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 7 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 7 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 7 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 7 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 7 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 7 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 7 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 7 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 7 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 7 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 7 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 7 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 7 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 7 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 7 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 7 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 7 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 7 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 7 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 7 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 7 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 7 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 7 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 7 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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