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IMF

IMF says Russian gas embargo could hit central Europe hard

WASHINGTON: A Russian natural gas embargo would cause deep recessions in Hungary, Slovakia, the Czech Republic and...

Published 19 Jul, 2022 08:32pm

World

Three-way fight for Sri Lanka presidency: parliament

COLOMBO: Three candidates were nominated Tuesday to replace former Sri Lankan president Gotabaya Rajapaksa, who fled...

Published 19 Jul, 2022 10:56am

Pakistan

Fitch downgrades Pakistan’s outlook to negative, sees 'considerable risks' to IMF programme

Renewed political volatility could undermine authorities' fiscal and external adjustment, it says

Updated 19 Jul, 2022 03:34pm

Opinion

Agreement with the IMF

The IMF staff and the Pakistani authorities have finally reached a staff-level agreement on the 14th of July on...

Published 19 Jul, 2022 06:00am

Fiscal consolidation: Economic, political uncertainty to challenge the pace: Moody’s

States that credit profile of Pakistan reflects its low fiscal strength, weak institutions and governance strength

Updated 19 Jul, 2022 11:04am

Editorials

Politics mustn’t have precedence over economy

EDITORIAL: The economy remains extremely fragile notwithstanding claims by Finance Minister Miftah Ismail in a press...

Published 19 Jul, 2022 06:00am

Business & Finance

IMF's staff-level agreement a credit positive for Pakistan: Moody’s

Agreement paves way for release of $1.2 billion in IMF financing, says Moody's

Updated 18 Jul, 2022 06:03pm

Markets

Fresh record low: Rupee plummets, closes at 215.2 against US dollar

Depreciation of nearly 2% comes despite IMF's staff-level agreement as market thrown into uncertainty over political developments

Updated 18 Jul, 2022 07:13pm

BR Research

Petroleum prices: Nothing wrong in relief

The reduction in petroleum prices a day earlier than usual announcement was received by many as a populist move in...

Published 18 Jul, 2022 08:33am

Opinion

The FY23 budget and Fund approval

Pakistani administrations have become adept at presenting an annual budget to parliament with the required detailed...

Published 18 Jul, 2022 07:09am

Opinion

Wanted: political stability

A long-awaited IMF Staff-Level Agreement (SLA) is finally done with. However, anxiety — especially in currency and...

Published 18 Jul, 2022 07:09am

Markets

PKR declines 1.4pc during shortened week

KARACHI: The rupee depreciated 1.4 percent during a shortened previous week even as the International Monetary Fund...

Published 18 Jul, 2022 06:22am

Editorials

Bracing for ‘a tough 2022’

EDITORIAL: The International Monetary Fund (IMF) has also joined the chorus of warnings against an imminent global...

Published 17 Jul, 2022 05:19am

Opinion

Reimagining globalisation

Recent years have been witness to the world being rocked by unforeseen and unimaginable global catastrophes. The...

Published 17 Jul, 2022 05:19am

Loan resumption: Final decision by IMF board likely in 3-6 weeks

ISLAMABAD: The final decision of the International Monetary Fund’s Executive Board on the staff-level agreement...

Updated 17 Jul, 2022 09:39am

Miftah gives a detailed account: How country saved itself from bankruptcy

Finance Minister says country expecting $4 billion from friendly countries to bridge the external financing gap

Updated 17 Jul, 2022 03:51pm

Inflation rate will soar to 40pc, claims Tarin

LAHORE: Pakistan Tehreek-e-Insaf senior leader and former Federal Finance Minister Shaukat Tarin has said that the...

Updated 17 Jul, 2022 09:34am

Opinion

‘A cruel IMF programme’

This is apropos a Business Recorder op-ed “A cruel IMF programme” carried by the newspaper on Friday. That the...

Published 17 Jul, 2022 05:19am

Pakistan

Pakistan to get $4bn from friendly countries to shore up reserves: Miftah Ismail

Finance minister says $1.2bn will come in deferred oil payment, while a foreign country will invest $1.5 to $2bn in stocks on a G2G basis

Published 16 Jul, 2022 08:12pm

World

IMF chief sees 'exceptionally uncertain' global outlook, deteriorating debt situation

NUSA DUA: IMF chief Kristalina Georgieva on Saturday warned officials from the Group of 20 major economies to take...

Updated 17 Jul, 2022 10:07am

World

The big default? Dozen countries including Pakistan in danger zone

LONDON: Traditional debt crisis signs of crashing currencies, 1,000 basis point bond spreads and burned FX reserves...

Updated 16 Jul, 2022 04:44pm

Pakistan

Miftah says he expects IMF Board approval in August

Finance minister says govt has completed all prior actions

Updated 16 Jul, 2022 02:11pm

Opinion

Govt deserves praise

In his address to the nation on Thursday, Prime Minister Shehbaz Sharif announced a reduction in fuel prices. It...

Published 16 Jul, 2022 04:20am

Markets

Currency values in terms of Special Drawing Rights

WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special...

Published 16 Jul, 2022 04:20am

Rs500bn addition to circular debt: Power Division holds Nepra responsible

ISLAMABAD: The Power Division has reportedly held National Electric Regulatory Authority (Nepra) responsible for...

Updated 16 Jul, 2022 01:55pm

Markets

Back to losing ways: Rupee closes near 211 against US dollar after 0.55% fall

Pressure of import payments and strengthening of dollar cause currency depreciation

Updated 15 Jul, 2022 05:13pm

BR Research

Stability in the offing?

Markets abhor political instability and power vacuum. After almost four months of turmoil, there are signs that the...

Published 15 Jul, 2022 08:36am

Opinion

The challenge of economic revival

Pakistan’s macroeconomic imbalances have assumed dangerous proportions and the hope for economic recovery is yet ...

Published 15 Jul, 2022 06:20am

Markets

Currency values in terms of Special Drawing Rights

WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special...

Published 15 Jul, 2022 06:20am

IMF agrees to resume loan after much delay

$1bn more and 9-month extension of EFF

Updated 15 Jul, 2022 10:43am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	278.55
USD PKR Interbank Buying / May 16	278.25
USD to Japanese Yen / May 16	154.33
USD to Swiss Franc / May 16	0.90
Pound Sterling to USD / May 16	1.27
Euro to USD / May 16	1.09

Stock	Volume
S&P 500 / May 15	5308.15
Nasdaq / May 15	16742.39
Dow Jones / May 15	39908
India Sensex / May 16	72771.48
Tokyo Nikkei / May 16	38920.26
Hang Seng / May 16	19336.77
FTSE 100 / May 16	8411.75
Germany DAX 30 / May 16	18842.52

Item	Value
Crude Oil USD/Barrel / May 16	78.95
Karachi Cotton PKR/37.32 KG / May 16	19935
Gold 10 Grams PKR / May 16	210562
Gold Spot USD/Ounce / May 16	2388.50
Cotton US¢/pound / May 16	76.84
Petrol/Litre / May 17	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 17 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 17 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 17 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 17 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 17 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 17 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 17 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 17 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 17 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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