Trends - International Monetary fund

International Monetary fund

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

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

Editorials

The foreign investment plunge

EDITORIAL: Recent data uploaded by the State Bank of Pakistan (SBP) indicates that foreign direct investment has...

Published 01 Apr, 2021 04:10am

Markets

Indonesia's rupiah at near 5-mth low as US bond yields rise

"The additional spending boost could further support the US dollar," Mizuho said in a note.

Published 31 Mar, 2021 01:56pm

Markets

IMF releases $174.2 million to South Sudan for urgent balance of payments needs

It expected the economy would contract 4.2% in the 2020/21 fiscal year, it added.

Published 31 Mar, 2021 11:56am

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

Govt launches 3-tranche bond deal to raise $2.5bn

DUBAI: Pakistan launched a three-tranche bond deal on Tuesday to raise $2.5 billion comprising tranches of five, 10...

Published 31 Mar, 2021 05:42am

$499m IMF tranche received

KARACHI: Pakistan on Tuesday night received around $500 million from International Monetary Fund (IMF) as a loan...

Published 31 Mar, 2021 05:42am

IMF to boost global outlook again

WASHINGTON: The International Monetary Fund will raise its forecast for global economic growth in 2021 and 2022 ...

Published 31 Mar, 2021 05:42am

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

IMF approves $312.4mn credit facility for Madagascar

The fund said following its board's decision on the 40-month arrangement, it will allow an immediate disbursement of about $69 million.

Published 30 Mar, 2021 12:58pm

Pakistan

NA proceedings: Opposition demands withdrawal of proposed draft of SBP Bill

ISLAMABAD: The opposition members in the National Assembly Monday criticised the government on proposing a draft of...

Published 30 Mar, 2021 05:45am

Business & Finance

Baqir says State Bank should be given operational independence to pursue objectives

Talking about the rise in power tariff coming in the wake of the government's recent decisions the governor of the central bank said that our aim should be to reduce the circular debt.
“The current amendments are a part of a broader process to modernize the central bank in light of latest developments,” he said.

Updated 27 Mar, 2021 01:20pm

Pakistan

Data on govt guarantees in 2016: IMF terms PTI govt’s claims ‘lies’: Khaqan

ISLAMABAD: The Pakistan Muslim League-Nawaz (PML-N) leader and former prime minister (PM) Shahid Khaqan Abbasi, on...

Published 27 Mar, 2021 05:41am

Fiscal year 2016: IMF claims data on govt guarantees reported inaccurately

ISLAMABAD: The International Monetary Fund (IMF) has highlighted ‘new information’ that the data on government...

Published 26 Mar, 2021 05:22am

Editorials

Preponderance of IMF programme

EDITORIAL: On 24 March 2021, the International Monetary Fund (IMF) Board approved the staff-level agreement on ...

Published 26 Mar, 2021 05:22am

Business & Finance

IMF reviews Pakistan’s remedial action linked to noncomplying purchase

IMF said that the authorities have taken strong corrective actions to address institutional and technical short-comings that gave rise to the inaccurate information.

Published 25 Mar, 2021 11:07am

Business & Finance

IMF approves $500mn tranche, as Pakistan make satisfactory progress

IMF Deputy Managing Director Antoinette Sayeh told this in a statement saying the latest payment brought total disbursements under the Extended Fund Facility to $2bn since the program was first approved in July 2019.

Published 25 Mar, 2021 10:31am

IMF board approves loan tranche?

KARACHI: The Executive Board of International Monetary Fund (IMF) is said to have approved four pending reviews of...

Published 25 Mar, 2021 05:08am

Business & Finance

IMF sees signs of stronger recovery, but significant risks remain

WASHINGTON: The No. 2 official at the International Monetary Fund on Saturday pointed to emerging signs of a ...

Updated 21 Mar, 2021 09:31am

World

IMF sees signs of stronger global recovery, but significant risks remain

IMF First Deputy Managing Director Geoffrey Okamoto said that in early April the Fund would update its January forecast for global growth of 5.5% to reflect additional fiscal stimulus spending in the United States, but gave no details.

Published 20 Mar, 2021 10:09pm

World

Still no deal on IMF reserve boost for pandemic relief

Earlier, Japan's Kyodo news agency reported they had secured agreement for increased reserves of around $650 billion through a new allocation of the fund's special drawing rights ahead of a meeting of G7 finance leaders to be hosted by Britain on Friday.
We are still continuing debates with the aim of agreeing on boosting SDR to help low-income countries... but we have not yet firmed up details as to the size of SDR boost and the timing of agreement.

Published 17 Mar, 2021 09:28pm

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

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

World

IMF research shows top firms becoming more dominant during pandemic

Due to the pandemic, we estimate that this concentration could now increase in advanced economies by at least as much as it did in the 15 years to end of 2015.
"Even in those industries that benefited from the crisis, such as the digital sector, dominant players are among the biggest winners."

Updated 15 Mar, 2021 09:24pm

World

Argentina's Guzman to meet IMF's Georgieva this month: IMF

The fund and the South American country are engaged in conversations to replace a failed program for which Argentina currently owes the IMF over $45 billion.
Guzman will travel to Washington and will meet with IMF staff on March 23 and 24, IMF spokesman Gerry Rice said, adding that there is currently no timeline for these negotiations.

Updated 11 Mar, 2021 10:04pm

SOEs governance reforms: Legislation yet to be introduced in parliament

ISLAMABD: Legislation relating to structured governance reforms for the management of State Owned Entities (SOEs)...

Published 09 Mar, 2021 05:45am

Commercial sale of Covid-19 vaccines allowed

ISLAMABAD: The government has permitted the commercial sales of Covid-19 vaccines and the first batch of Sputnik V ...

Published 07 Mar, 2021 04:07am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 7	278.32
USD PKR Interbank Buying / May 7	278.12
USD to Japanese Yen / May 7	154.44
USD to Swiss Franc / May 7	0.91
Pound Sterling to USD / May 7	1.26
Euro to USD / May 7	1.08

Stock	Volume
S&P 500 / May 6	5180.74
Nasdaq / May 6	16349.25
Dow Jones / May 6	38852.27
India Sensex / May 7	73503.22
Tokyo Nikkei / May 7	38775.44
Hang Seng / May 7	18439.46
FTSE 100 / May 7	8295.53
Germany DAX 30 / May 7	18257.19

Item	Value
Petrol/Litre / May 7	288.49
Crude Oil USD/Barrel / May 7	78.61
Karachi Cotton PKR/37.32 KG / May 7	19935
Gold 10 Grams PKR / May 7	205761
Gold Spot USD/Ounce / May 7	2322.69
Diesel/Litre / May 7	281.96

Gainers
Losers
Leaders

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

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

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

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