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IMF

US pushing G20 for global minimum corporate tax: Yellen

WASHINGTON: The United States is pushing in the G20 to adopt a global minimum corporate tax to stem the erosion of...

Published 06 Apr, 2021 04:23am

Opinion

PARTLY FACETIOUS: Can Shaukat Tarin make a difference?

“I heard Shaukat Tarin trash the policy of the State Bank of Pakistan (SBP) to raise the discount rate to a...

Published 06 Apr, 2021 04:23am

Business & Finance

Approached IMF due to weak economic conditions, says Baqir

He said SBP will implement those policies which benefit the economy of Pakistan.

Published 05 Apr, 2021 10:42am

Govt plan aimed at vaccinating 70m people against Covid-19 by CY21-end: IMF

ISLAMABAD: The government is targeting vaccinating 70 million people by the end of calendar year 2021 as under the...

Updated 04 Apr, 2021 09:55am

Opinion

All games must come to an end

Uncertainty is a killer. Whether economic conditions are upbeat or otherwise, investors always seek opportunities....

Published 04 Apr, 2021 04:12am

Business & Finance

‘Rs5.36/unit hike in power tariff will ruin industry’

LAHORE: Resenting frequent increase in power tariff, the Federation of Pakistan Chambers of Commerce and ...

Updated 04 Apr, 2021 09:52am

Opinion

The upcoming budget

The federal cabinet has undergone a major change hardly eight weeks prior to the presentation of the national budget...

Published 03 Apr, 2021 03:41am

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 03 Apr, 2021 03:41am

BR Research

Petrol prices: Relief mode on?

Inflation concerns in Islamabad are getting more and more obvious by the day. Petroleum prices were reduced for the...

Published 02 Apr, 2021 07:30am

Opinion

Need for a ‘new normal’ economic recovery

The pre-Covid world was a neoliberal world, which exacerbated income inequality between the rich and poor within...

Published 02 Apr, 2021 04:58am

Opinion

In defence of Dr Hafeez Sheikh — II

But how ironic it is that Asad Umar who lost finance portfolio for opposing the IMF programme or its harsh...

Published 02 Apr, 2021 04:58am

SBP’s reserves move up on IMF inflows

KARACHI: The State Bank of Pakistan’s foreign exchanges reserves rose by $ 378 million due to release of Extended...

Published 02 Apr, 2021 04:58am

Pakistan

SBP reserves up by $378mn to $13.673bn

During the week ending March 26, SBP received US$ 498.7 million from International Monetary Fund (IMF) under Extended Fund Facility (EFF) program.

Updated 02 Apr, 2021 12:03am

Opinion

PARTLY FACETIOUS: Hafeez, too, tested positive for Covid-19

“Now that Hafeez Sheikh has departed…” “He is still in the country I reckon – packing.” “May I tell...

Published 01 Apr, 2021 04:10am

Moody’s says B3 rating underpinned by country’s robust growth potential

ISLAMABAD: Moody's Investors Service (Moody's) has assigned a foreign currency senior unsecured programme rating of...

Published 01 Apr, 2021 04:10am

Business & Finance

Jordan to speed tempo of IMF-backed reforms this year

AMMAN: Jordan will accelerate the pace of IMF-backed structural reforms to boost a growth-driven recovery from the...

Published 01 Apr, 2021 04:10am

Business & Finance

ECC allows Sugar, Cotton import from India

He said that the private sector could import up to 500,000 metric tons of sugar from India.
Hammad Azhar said that they have decided to reduce the prices of petrol and diesel by Rs 1. 50 and Rs 3 per litre, respectively.
On the proposal of the Ministry of Commerce, the ECC has decided to allow cotton import from India as well, which will benefit our SMEs, said Azhar.

Updated 31 Mar, 2021 05:08pm

Markets

Pakistani Rupee continues to appreciate against US Dollar

The PKR opened the trading day at 153.100 against USD, it dropped to the day low of 151.200 before it rebounded.

Updated 31 Mar, 2021 07:57pm

World

UN chief calls for more pandemic debt relief for poorer nations

UNITED NATIONS: UN Secretary-General Antonio Guterres called Monday for greater debt relief and new creative...

Published 31 Mar, 2021 05:42am

Pakistan

Removal of Hafeez: PPP for reviewing agreements with IMF

ISLAMABAD: The Pakistan People’s Party (PPP) has questioned the removal of Finance Minister Hafeez Sheikh from the...

Published 31 Mar, 2021 05:42am

PML-N for putting names of Hafeez, Babar on ECL

Pakistan

Editorials

Hafeez Sheikh: ignominious exit

EDITORIAL: The sudden removal of finance minister Dr Hafeez Sheikh from the federal cabinet, with nearly nine weeks...

Published 31 Mar, 2021 05:42am

World

Ukraine hopes for IMF loans soon after 'a lot of progress', finance minister says

Anti-corruption policy and judicial reform remained outstanding issues in the negotiations, but fiscal policy was not a sticking point, he added.
"We are in the active stage, we are very advanced," Marchenko said. "There is a hope that in the near future we will go to the Staff Level Agreement."

Published 30 Mar, 2021 09:08pm

World

IMF hikes Italian growth forecast, urges tax reform

The IMF said its new projection, made in a report following an annual visit to Italy, was dependent on COVID-19 vaccinations being well advanced by late summer and continued economic support measures.
The Fund gave no clear explanation for the sharp upward revision of its forecast, which it warned was surrounded by "considerable uncertainty".

Published 30 Mar, 2021 08:56pm

World

IMF sees global economy improving despite uncertainties

She also praised the "extraordinary effort" of workers throughout the health care universe, including doctors, nurses and vaccine scientists.

Published 30 Mar, 2021 08:54pm

World

IMF to boost global outlook again, warns financial conditions uncertain

IMF sees divergent trends for rich, poor countries.
Fund plans to raise global forecasts for 2021, 2022.
Strong action seen needed to safeguard economic recovery.

Published 30 Mar, 2021 08:24pm

Markets

Dollar drops to two-year low against Pakistani Rupee

After a high of Rs 168.43 on August 20, the dollar has depreciated by Rs 15.23 so far.
As per local media reports, the trading session of the second day of the business week today, the dollar lost 95 paise in the interbank market as the dollar dropped to Rs 153.20 at closing.

Updated 30 Mar, 2021 04:01pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 15	278.43
USD PKR Interbank Buying / May 15	278.23
USD to Japanese Yen / May 15	156.28
USD to Swiss Franc / May 15	0.91
Pound Sterling to USD / May 15	1.26
Euro to USD / May 15	1.08

Stock	Volume
S&P 500 / May 14	5246.68
Nasdaq / May 14	16511.18
Hang Seng / May 14	19073.71
Dow Jones / May 14	39558.11
India Sensex / May 15	73025.23
Tokyo Nikkei / May 15	38385.73
FTSE 100 / May 15	8467.99
Germany DAX 30 / May 15	18796.11

Item	Value
Crude Oil USD/Barrel / May 15	78.55
Karachi Cotton PKR/37.32 KG / May 15	19935
Gold 10 Grams PKR / May 15	209191
Gold Spot USD/Ounce / May 15	2361.55
Cotton US¢/pound / May 15	74.42
Petrol/Litre / May 16	273.10

Gainers
Losers
Leaders

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

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

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

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