Trends - IMF - Business Recorder

IMF

Lebanon's Hariri says new cabinet, IMF necessary to halt collapse

Hariri says sees opportunity to be ceased after Aoun meeting
IMF talks had stalled last year as bankers, politicians rowed
Meeting comes after heated exchange Wednesday night
Strikes and shop closures continue amidst financial collapse.

Published 18 Mar, 2021 09:12pm

World

IMF sees Canada's economy rebounding, says government needs fiscal anchor

"The size and scope of policy support (in Canada) has been unprecedented" during the pandemic, the International Monetary Fund's executive board said in its annual report.
The IMF forecast economic growth of 4.4% this year after a 5.4% decline in 2020.

Published 18 Mar, 2021 07:35pm

Opinion

This is difficult time, but don’t lose heart

This is apropos a Business Recorder news item “Hafeez quizzed Cabinet colleagues about IMF conditions” carried ...

Published 17 Mar, 2021 04:45am

Markets

IMF sees Thai economy growing 2.6% this year

Thailand's central bank has left its benchmark rate at a record low of 0.50% since mid-2020 after three cuts earlier that year to support the economy.

Published 16 Mar, 2021 12:16pm

Hafeez quizzed by Cabinet colleagues about IMF conditions

ISLAMABAD: Finance Minister, Dr Abdul Hafeez Shaikh is said to have been asked by some of his Cabinet colleagues to...

Updated 16 Mar, 2021 09:33am

Business & Finance

India's Foreign Exchange reserves becomes world's 4th largest

As per the data of the Reserve Bank of India, the country's FX reserves stood at $ 580.299 billion as of March 05, 2021, dropping by $ 4.255bn.

Published 15 Mar, 2021 10:24am

BR Research

GLAXO fares well

The pharmaceutical industry has remained largely undeterred by the event of Covid-19, mainly because of nature of ...

Published 15 Mar, 2021 07:40am

BR Research

Stability in the offing?

After a bit of a setback earlier in the Senate race, the federal government seems to have survived the Ides of ...

Published 15 Mar, 2021 07:35am

New power subsidy plan on the cards

ISLAMABAD: The federal government is reportedly formulating a two-phase subsidy retargeting plan, meant to introduce...

Published 15 Mar, 2021 05:22am

Opinion

Tax exemptions - mixed signals

A money bill (amendments in Income Tax Ordinance) is making rounds over social media. Initially-proposed by the...

Published 14 Mar, 2021 04:13am

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 13 Mar, 2021 04:28am

Govt expecting $1bn rollover by UAE

ISLAMABAD: The government said on Friday that it expects rollover of US$ 1 billion by the United Arab Emirates ...

Published 13 Mar, 2021 04:28am

Business & Finance

US stimulus offers 'significant' boost to global economy: IMF

However, he cautioned that with low interest rates, policymakers worldwide should be on the alert for a sudden shift in borrowing costs.

Published 12 Mar, 2021 10:10am

World

US stimulus offers ‘significant’ boost to global economy: IMF

WASHINGTON: US President Joe Biden’s massive stimulus program is expected to boost US economic growth and also ...

Updated 12 Mar, 2021 10:09am

Power surcharge bill passed by NA body

ISLAMABAD: National Assembly Standing Committee on Power on Thursday empowered the Federal Government to increase...

Updated 12 Mar, 2021 11:07am

World

US stimulus offers 'significant' boost to global economy: IMF

The IMF will update its forecasts on the US and global economy early next month at the start of its spring meeting.

Published 11 Mar, 2021 09:13pm

SBP chief being made accountable to Parliament

ISLAMABAD: The federal cabinet on Tuesday approved three important draft bills – the State Bank of Pakistan (SBP)...

Updated 10 Mar, 2021 04:22pm

Another big hike in power tariffs anytime soon

ISLAMABAD: The Federal Government is all set to pass on another startling increase of Rs 3.50 per unit in tariff of...

Updated 10 Mar, 2021 09:45am

BR Research

Feeding market gluttony

The market is getting greedy and the government may be feeding this greed. There is no stopping the rates from ...

Published 08 Mar, 2021 07:25am

Opinion

‘Global vaccine justice – II’

This is apropos a Business Recorder op-ed “Global vaccine justice – II” carried by the newspaper on Saturday....

Published 08 Mar, 2021 05:45am

Opinion

Economic reforms – bumpy road ahead

Senate elections was the time when economic commentators were anticipating a change of tide in favour of PTI-led and...

Published 07 Mar, 2021 04:07am

Power Division asks Discos to outsource recovery of bills

ISLAMABAD: Power Division has directed Distribution Companies (Discos) to outsource bills recovery to the private...

Published 07 Mar, 2021 04:07am

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 06 Mar, 2021 05:01am

Energy sector: IMF, govt agree to freeze circular debt at current level

ISLAMABAD: The Government and International Monetary Fund (IMF) have reportedly agreed to freeze the energy sector...

Published 06 Mar, 2021 05:01am

Bill aimed at empowering govt to impose surcharge deferred again

ISLAMABAD: National Assembly Standing Committee on Power again deferred the Bill to empower the Federal Government ...

Published 06 Mar, 2021 05:01am

Business & Finance

Hafeez Sheikh's loss could lead to change of guard at Finance Ministry, say Experts

The report was of the view that Sheikh can continue to be the FM for an additional 3 months before the expiration of the six months grace period.

Updated 05 Mar, 2021 11:27am

World

El Salvador seeks IMF funding, sees 'golden opportunity' for economy, says finance minister

"It will help us leverage the budgetary gaps for 2021, 2022 and 2023" and help lower the highs costs associated with El Salvador's debt, Zelaya said.
"What (the ruling) New Ideas party and President Bukele achieved on Sunday is truly a golden opportunity for El Salvador's economy to take off," said Zelaya.

Published 04 Mar, 2021 05:42pm

BR Research

The PL challenge gets tougher

As movement restrictions ease, the petroleum sales seem to have lost some steam, that was evident in the first six...

Published 04 Mar, 2021 07:30am

BR Research

Inflation: Pawri not just yet

The inflation dragon is showing teeth again. The headline number stood at 8.7 percent in Feb-21 – highest monthly...

Updated 03 Mar, 2021 09:31am

World

Big economies agree to boost IMF funding, Georgieva says

"We finally last Friday at the G20 meeting got a green (light) to work on a new SDR allocation," Kristalina Georgieva said during the IMF's African Fiscal Forum, broadcast online.
"500 billion - in which each and every member of the IMF would receive its own share immediately contributing to reserves," she said, without specifying the currency unit.

Published 02 Mar, 2021 09:21pm

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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