Trends - International Monetary fund

International Monetary fund

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

Opinion

Global vaccine justice — I

‘The global Covid-19 vaccine roll-out is creating a “vaccine apartheid”. As of February 24, approximately 216...

Published 05 Mar, 2021 05:17am

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

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

Opinion

IMF MD’s ‘deep’ concern

This is apropos a Business Recorder news item “IMF MD warns Covid-19 leaving some states behind” carried by the...

Published 26 Feb, 2021 05:20am

World

IMF chief urges strong G20 action to reverse 'dangerous divergence' in global economy

She called for continued, targeted fiscal support by G20 governments to support economies, and said central banks should maintain accommodative monetary and financial policies to support flow of credit to households, and firms.

Published 24 Feb, 2021 07:23pm

Opinion

The same old tale told repetitively

We are back at the so-called ‘concessional’ window of the lender of the last resort. But then, the International...

Published 24 Feb, 2021 05:24am

Business & Finance

Sudan devalues currency to meet key condition for debt relief

KHARTOUM: Sudan’s central bank sharply devalued the currency on Sunday, announcing a new regime to “unify”...

Updated 22 Feb, 2021 09:57am

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 20 Feb, 2021 04:52am

Editorials

Staff-level IMF deal: statement needs clarity

EDITORIAL: The International Monetary Fund (IMF) has reached a staff-level agreement on the second to the fifth...

Published 18 Feb, 2021 04:08am

World

IMF's Kammer: Romania set to outpace emerging Europe growth

Growth is projected at 4.0% for emerging Europe. For Romania we project that after contracting by about 5 percent in 2020.
it will expand by a bit more than the emerging-Europe average.

Published 12 Feb, 2021 07:58pm

Markets

Nigerian naira eases 1.75pc on spot market to 410.50 per dollar

The naira, which has been weakening on the over-the-counter spot and derivatives markets, dropped to a low of 403.29 naira on Thursday after reaching record intra-day lows since January.
The central bank did not agree with the need for additional exchange rate adjustment.

Published 12 Feb, 2021 06:05pm

Markets

IMF sees quick Russian oil output recovery once OPEC+ deal is done, urges investments

In its February report, the IMF also said that the full-cost break-even price for Russia is closer to $30 to 40 per barrel.
A prolonged period of oil prices below these levels could threaten the long-term viability of the oil and gas sector in Russia.

Updated 09 Feb, 2021 10:03pm

Editorials

PBS needs to be mindful that statistics are facts

EDITORIAL: Pakistan Bureau of Statistics (PBS) data integrity is increasingly being challenged by the general public...

Published 09 Feb, 2021 04:43am

Markets

Nigeria's naira falls amid dollar shortage

The central bank nearly doubled open-market Treasury yields last week to lure investors after revising its futures contracts upwards.

Published 09 Feb, 2021 12:43am

UN’s Covax Facility: Pakistan to receive 17.2m doses of vaccine in H12021: IMF

ISLAMABAD: The UN’s Covax Facility, aimed at covering priority groups - around 20 percent of the population, has...

Published 07 Feb, 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 30 Jan, 2021 03:55am

Business & Finance

Eurozone economies’ plucky Q4 belies troubled growth outlook

BERLIN/PARIS: Growth in Germany and Spain and a smaller-than-expected contraction in France pointed to resilience in...

Published 30 Jan, 2021 03:55am

Markets

Japan shares higher

TOKYO: Japanese stocks closed higher on Wednesday, on hopes of better corporate results after the International...

Published 28 Jan, 2021 04:40am

Markets

Asian shares step back, Microsoft's brisk earnings boost tech optimism

The Australian dollar slipped 0.1% to $0.7739, showing muted response to stronger-than-expected local inflation data.

Published 27 Jan, 2021 02:18pm

Markets

Gold steady ahead of US Fed policy decision

Spot gold was little changed at $1,849.76 per ounce by 0031 GMT. US gold futures eased 0.1% to $1,848.60.

Published 27 Jan, 2021 09:44am

Markets

Oil prices slide as virus cases rise, demand worries persist

Brent crude was up 4 cents, or 0.1pc, at $55.92 by 12:57 p.m. ET (1757 GMT,) while U.S. crude fell 19 cents, or 0.4pc, to $52.58.

Published 26 Jan, 2021 11:46pm

World

IMF cuts Britain's 2021 growth outlook after COVID surge

The IMF was slightly more optimistic than in its last set of forecasts in October, upgrading the outlook for global growth in 2021 by 0.3 percentage points to 5.5%.
The IMF estimates Britain was the worst-hit of the world's seven largest advanced economies last year, suffering a 10.0% decline in output.

Published 26 Jan, 2021 08:48pm

World

IMF lifts global growth forecast for 2021, still sees 'exceptional uncertainty'

Close to 90 million people are likely to fall below the extreme poverty threshold during 2020-2021.
The forecast would likely rise further if the US Congress passes a $1.9 trillion relief package proposed by newly inaugurated President Joe Biden, economists say.

Published 26 Jan, 2021 07:37pm

World

Zambia, IMF to hold talks on credit facility from next month

The programme discussions will centre of the government's objectives to attain fiscal and debt sustainability.

Published 22 Jan, 2021 09:06pm

Business & Finance

IMF approves $2.7bn line of credit to Panama for pandemic fallout

IMF Deputy Managing Director Mitsuhiro Furusawa, in the statement, praised the government's pandemic containment efforts to date as well as its approval of deficit spending to ensure more funds reach healthcare services.

Published 20 Jan, 2021 11:35am

World

Latest on worldwide spread of the coronavirus

Faced with new record infection rates, Spain has begun giving second shots of coronavirus vaccines to elderly nursing home residents.

Published 19 Jan, 2021 10:19am

World

'Spend as much as you can,' IMF head urges governments worldwide

In terms of policies for right now, very unusual for the IMF, starting in March I would go out and I would say: 'please spend'. Spend as much as you can and then spend a little bit more.
Georgieva praised Russia's synchronised response to the economic challenges created by the COVID-19 pandemic.

Published 15 Jan, 2021 08:16pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 10	278.14
USD PKR Interbank Buying / May 10	277.97
USD to Japanese Yen / May 10	155.78
USD to Swiss Franc / May 10	0.91
Pound Sterling to USD / May 10	1.25
Euro to USD / May 10	1.08

Stock	Volume
S&P 500 / May 10	5222.68
India Sensex / May 10	72664.47
Tokyo Nikkei / May 10	38229.11
Nasdaq / May 10	16340.87
Hang Seng / May 10	18963.68
FTSE 100 / May 10	8433.76
Dow Jones / May 10	39512.84
Germany DAX 30 / May 10	18772.85

Item	Value
Crude Oil USD/Barrel / May 10	78.26
Gold Spot USD/Ounce / May 10	2360.50
Cotton US¢/pound / May 10	77.31
Karachi Cotton PKR/37.32 KG / May 11	19935
Gold 10 Grams PKR / May 11	208762
Petrol/Litre / May 12	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 12 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 12 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 12 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 12 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 12 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 12 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 12 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 12 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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