Topic

IMF staff level agreement

IMF calls for reduced govt intervention, energy reforms in Pakistan’s economy

Updated 16 Nov, 2024 04:30pm

Washington-based lender's mission led by Nathan Porter states conclusion of a staff visit to Pakistan from November 12 to 15, 2024

1QFY25: With IMF in Islamabad, Punjab revises budget figures, now posts Rs40bn surplus

Updated 15 Nov, 2024 10:56pm

Finance ministry says with concurrence of the IMF, it has updated revised figures on its website, showing a surplus for Pakistan's most populous province

Govt urged to tax high earning ‘sacred cows’ amid revenue shortfall

Updated 14 Nov, 2024 11:00pm

Former Caretaker Federal Minister for Commerce Dr Gohar Ejaz urged the government to meet its collection target by...

IMF mission in town

Published 13 Nov, 2024 07:07am

EDITORIAL: The schedule of reviews shared in the staff-level agreement report uploaded on the International Monetary...

Talks on new programme continuing virtually with Pakistan, says IMF

Updated 07 Jun, 2024 10:54pm

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

Sovereign and strategic: looking at a budget beyond the IMF

Published 04 Jun, 2024 08:00am

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

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

Updated 31 May, 2024 11:40pm

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

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

Updated 27 May, 2024 10:23pm

Emphasises that United States remains Pakistan’s largest export market

IMF’s EFF: Notable progress made towards reaching SLA

Published 25 May, 2024 05:32am

ISLAMABAD: The International Monetary Fund (IMF) and the Pakistani authorities made significant progress towards...

Brokerage house AHL expects KSE-100 to provide upside of 24% in FY24

Updated 15 Jul, 2023 11:52pm

AHL says KSE-100 could power past 56,000 level by June 2024

After SBA approval, this is how IMF projects Pakistan’s economy will perform in FY24

Updated 13 Jul, 2023 06:22pm

In contrast to the government’s targeted economic growth of 3.5%, the International Monetary Fund (IMF) has...

IMF deposits $1.2bn in SBP: Ishaq Dar

Updated 13 Jul, 2023 06:02pm

During the week, Pakistan has received $4.2bn from different avenues including Saudi Arabia, UAE, and the Washington-based lender
SBA with IMF will now see two more reviews - in November and February

Profit-taking erases gains, KSE-100 settles 0.54% lower

Updated 13 Jul, 2023 06:07pm

At close, benchmark index ends at 45,266.96

IMF Executive Board approves $3bn Stand-By Arrangement for Pakistan

Updated 12 Jul, 2023 11:57pm

Board’s approval allows for an immediate disbursement of SDR894 million or about US$1.2 billion

UAE has deposited $1bn in Pakistan’s central bank: Ishaq Dar

Updated 12 Jul, 2023 07:57pm

Finance minister says SBP-held foreign exchange reserves have gotten another boost after $2bn inflow from Saudi Arabia

IMF ‘seeks assurances’ from Pakistan’s political parties on commitment to new SBA

Updated 07 Jul, 2023 05:37pm

IMF official says lender's staff in process of meeting representatives from PML-N, PTI, PPP

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

Updated 06 Jul, 2023 09:55am

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

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

Published 03 Jul, 2023 09:06pm

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

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

Published 03 Jul, 2023 08:16pm

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

Ninth review: fresh financing requirements unchanged, says IMF

Published 14 May, 2023 05:58pm

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

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

Updated 14 May, 2023 06:00pm

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

IMF reiterates ‘necessary financing’ condition for completion of Pakistan’s ninth review

Updated 05 May, 2023 03:12pm

Says it supports authorities in implementation of policies in the period ahead, including in the technical work to prepare the FY24 budget

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

Washington-based lender wants to ensure Riyadh follows through with as much as $4bn funding to Pakistan

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BR30
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KSE30
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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 17	278.16
USD PKR Interbank Buying / Jul 17	277.96
USD to Japanese Yen / Jul 17	162.40
USD to Swiss Franc / Jul 17	0.81
Pound Sterling to USD / Jul 17	1.35
Euro to USD / Jul 17	1.14
SOFR % / Jul 17	3.60

Stock	Volume
S&P 500 / Jul 17	7,457.69
India Sensex / Jul 17	78,151.45
Tokyo Nikkei / Jul 17	64,141.12
Nasdaq / Jul 17	25,520.24
Hang Seng / Jul 17	24,562.24
FTSE 100 / Jul 17	10,600.37
Dow Jones / Jul 17	52,146.42
Germany DAX 30 / Jul 17	24,830.98
France CAC40 / Jul 17	8,338.81

Item	Value
Crude Oil USD/Barrel / Jul 17	82.49
Karachi Cotton PKR/37.32 KG / Jul 17	18,780
Gold 10 Grams PKR / Jul 17	361,656
Gold Spot USD/Ounce / Jul 17	4,017.39
Cotton US¢/pound / Jul 17	78.63
Petrol/Litre / Jul 19	316.15
Diesel/Litre / Jul 19	354.35

Gainers
Losers
Leaders

Stock	Price
Dadabhoy Cement / Jul 17 Dadabhoy Cement Industries Limited(DBCI)	17.01 ▲ 1.55 (10.03%)
Ruby Textile / Jul 17 Ruby Textile Mills Limited(RUBY)	17.59 ▲ 1.6 (10.01%)
Crescent Cotton / Jul 17 Crescent Cotton Mills Limited(CCM)	53.68 ▲ 4.88 (10%)
National Silk / Jul 17 The National Silk & Rayon Mills Limited(NSRM)	272.21 ▲ 24.75 (10%)
Suhail Jute / Jul 17 Suhail Jute Mills Limited(SUHJ)	223.96 ▲ 20.36 (10%)
Baba Farid Sugar / Jul 17 Baba Farid Sugar Mills Limited(BAFS)	418.56 ▲ 38.05 (10%)
Shadman Cotton / Jul 17 Shadman Cotton Mills Limited(SHCM)	50.61 ▲ 4.6 (10%)
Asia Ins. / Jul 17 Asia Insurance Company Limited(ASIC)	34.45 ▲ 3.13 (9.99%)
Olympia Mills / Jul 17 Olympia Mills Limited(OML)	107.58 ▲ 9.65 (9.85%)
TPL Trakker Ltd / Jul 17 TPL Trakker Limited(TPLT)	27.91 ▲ 2.5 (9.84%)

Stock	Price
Tariq Corp. (R) / Jul 17 Tariq Corporation Limited(Right)(TCORPR2)	2.70 ▼ -0.89 (-24.79%)
First Punjab Modaraba / Jul 17 First Punjab Modaraba(FPJM)	11.04 ▼ -1.23 (-10.02%)
Khairpur Sug. / Jul 17 Khairpur Sugar Mills Limited(KPUS)	1,871.47 ▼ -207.94 (-10%)
Service Textile / Jul 17 Service Industries Textiles Limited(SERT)	62.27 ▼ -6.92 (-10%)
S.G.Power / Jul 17 S.G. Power Limited(SGPL)	97.59 ▼ -10.84 (-10%)
Mughal Iron & Steel(C) / Jul 17 Mughal Iron & Steel Industries Ltd (C)(MUGHALC)	63 ▼ -6.99 (-9.99%)
Fateh Sports / Jul 17 Fateh Sports Wear Limited(FSWL)	150.29 ▼ -16.65 (-9.97%)
Paramount Spinning / Jul 17 Paramount Spinning Mills Limited(PASM)	10.91 ▼ -1.1 (-9.16%)
Power Cem(Pref) / Jul 17 Power Cement (Pref)(POWERPS)	23.62 ▼ -2.36 (-9.08%)
Supernet Tech. / Jul 17 Supernet Technologies Limited(STL)	41.34 ▼ -3.72 (-8.26%)

Stock	Volume
Cnergyico PK / Jul 17 Cnergyico PK Limited(CNERGY)	86,491,992 ▲ 0.19
TPL Properties / Jul 17 TPL Properties Limited(TPLP)	62,545,194 ▼ -0.67
Pak Refinery / Jul 17 Pakistan Refinery Limited(PRL)	38,580,070 ▲ 2.94
WorldCall Telecom / Jul 17 Worldcall Telecom Limited(WTL)	23,499,606 ▼ -0.04
K-Electric Ltd. / Jul 17 K-Electric Limited(KEL)	18,396,866 ▼ -0.24
Lotte Chemical / Jul 17 Lotte Chemical Pakistan Limited(LOTCHEM)	17,830,259 ▼ -1.32
Hascol Petrol / Jul 17 Hascol Petroleum Limited(HASCOL)	14,534,208 ▼ -0.33
B.O.Punjab / Jul 17 The Bank of Punjab(BOP)	12,503,494 ▼ -0.51
TPL REIT Fund I / Jul 17 TPL REIT Fund I(TPLRF1)	11,458,248 ▼ -0.29
PIA Holding Co.Ltd / Jul 17 PIA Holding Company Limited(PIAHCLA)	10,427,355 ▲ 0.51

IMF staff level agreement

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