Trends - International Monetary fund

International Monetary fund

IMF maintains Nigeria growth forecast at 3.3% for 2024

ABUJA: The International Monetary Fund on Thursday maintained its growth forecast of 3.3% for Nigeria’s economy for...

Published 09 May, 2024 07:47pm

Pakistan

PSO proposes swapping debt for stake in public sector companies

Everything will be done through competitive bidding and we will participate and if we win, the stakes will be offset against PSO’s receivables, says CEO Syed Muhammad Taha

Updated 09 May, 2024 10:28pm

Business & Finance

Majority stake in PIA: not yet bidders, clarifies Arif Habib Corp in PSX notice

Arif Habib Corporation Limited (AHCL), one of Pakistan’s leading business groups, clarified that submitting an...

Updated 09 May, 2024 09:19pm

Business & Finance

Asia Pacific economies headed for ‘soft landing’, says IMF

SINGAPORE: Rapid disinflation and resilient growth will help Asia Pacific achieve a “soft landing” even though...

Published 30 Apr, 2024 10:51am

World

IMF revises down Mideast growth outlook on war, trade disruptions

DUBAI: The International Monetary Fund said on Thursday Middle East economies would grow at a slower pace this year...

Published 19 Apr, 2024 06:47pm

World

IMF ready to support Sri Lanka’s discussions with bondholders

COLOMBO: The International Monetary Fund (IMF) stands ready to support Sri Lanka’s discussions with international...

Published 18 Apr, 2024 11:08am

World

IMF raises 2024 GDP growth forecast for Spain to 1.9% from 1.5%

MADRID: The International Monetary Fund raised its forecast for Spain’s economic growth this year to 1.9% from 1.5%...

Published 12 Apr, 2024 06:42pm

World

World Bank chief pushes internal reforms at spring meetings

WASHINGTON: World Bank President Ajay Banga said on Friday he plans to highlight a range of process improvements...

Updated 12 Apr, 2024 11:10pm

World

IMF chief sees inflation dropping further in 2024, not yet fully defeated

Will create conditions for central banks in major advanced economies to begin cutting rates in the second half of the year, she says

Updated 12 Apr, 2024 09:27am

World

IMF calls for ‘strong financial sector reforms’ in Switzerland

BERN: Switzerland needs “strong financial sector reforms” in the wake of the state-engineered rescue takeover of...

Published 28 Mar, 2024 05:51pm

Business & Finance

Sri Lanka unexpectedly cuts policy rates by 50 bps to spur growth

COLOMBO: Sri Lanka’s central bank lowered interest rates by 50 basis points in an unexpected move on Tuesday as...

Published 26 Mar, 2024 10:51am

World

Sri Lankan prime minister arrives in China for state visit

BEIJING: Sri Lankan Prime Minister Dinesh Gunawardena arrived in China Monday for a visit during which he will meet...

Published 25 Mar, 2024 02:27pm

World

China could grow faster with pro-market reforms, IMF managing director says

BEIJING: With a comprehensive package of pro-market reforms, China could grow considerably faster than a status quo...

Updated 24 Mar, 2024 09:29pm

World

Treasury’s Yellen says funding bill allows lending of $21bn to IMF trust

WASHINGTON: A $1.2 trillion government funding bill passed by Congress will allow the U.S. to lend up to $21 billion...

Published 23 Mar, 2024 01:16pm

Business & Finance

IMF’s Georgieva urges central bank independence amid election-year rate-cut pressures

WASHINGTON: International Monetary Fund Managing Director Kristalina Georgieva warned on Thursday that central banks...

Published 21 Mar, 2024 03:23pm

Pakistan

IMF team arriving in Pakistan for bailout review, sources say

ISLAMABAD: An International Monetary Fund (IMF) mission is arriving in Pakistan on Wednesday for a second and last...

Published 13 Mar, 2024 12:36pm

Business & Finance

EU Finance Ministers back Georgieva for second term at IMF

BRUSSELS: European Union Finance Ministers supported on Tuesday International Monetary Fund Managing Director...

Published 12 Mar, 2024 02:31pm

World

Germany backs Georgieva for second term as IMF chief

FRANKFURT: Germany, Europe’s largest economy, voiced its backing Monday for a second term for International Monetary...

Published 11 Mar, 2024 05:26pm

Business & Finance

Larger declines in oil prices or extended OPEC+ cuts could weigh on Iraq’s fiscal account, IMF says

CAIRO: The International Monetary Fund said on Sunday that larger declines in oil prices or extended OPEC+ cuts...

Published 03 Mar, 2024 01:32pm

Pakistan

Pakistan’s next finance minister: race heats up with several names being reported

ISLAMABAD: Pakistan’s newly-formed ruling alliance is yet to finalise its finance minister, the person who has to...

Updated 01 Mar, 2024 08:26pm

Pakistan

China rolls over $2bn loan to Pakistan, says caretaker finance minister

ISLAMABAD: China has rolled over a $2-billion loan to Pakistan, caretaker finance minister Shamshad Akhtar confirmed...

Updated 29 Feb, 2024 11:13pm

Pakistan

In letter to IMF, PTI urges lender to consider Pakistan’s ‘political instability’ in talks: report

Pakistan is currently enrolled in a $3-billion Stand-By Arrangement with the IMF with one review pending

Updated 28 Feb, 2024 10:29pm

World

IMF chief Georgieva says focused on job at hand, not future role

SAO PAULO: With just seven months to go in Kristalina Georgieva’s five-year term as head of the International...

Published 28 Feb, 2024 12:05pm

Business & Finance

Yellen says global economy remains resilient, lauds US as growth driver

SAO PAULO: Strong US economic growth has been a “key driver” of better than expected global growth, US Treasury...

Published 27 Feb, 2024 10:36am

Markets

Rupee slips marginally against US dollar

Currency settles at 279.36 against US dollar in inter-bank market

Updated 23 Feb, 2024 06:32pm

Markets

IMF refrains from commenting on Imran Khan’s ‘letter’, says keen on working with new govt

Lender says caretaker authorities 'have maintained economic stability'

Updated 23 Feb, 2024 10:49pm

World

IMF approves $880 million for Ukraine

WASHINGTON: The International Monetary Fund said Thursday it will disburse $880 million to Ukraine in the third...

Published 23 Feb, 2024 09:47am

World

Sri Lanka inflation to reach 5% during Q3-Q4

COLOMBO: Sri Lanka’s inflation is expected to return to the government’s 5% target starting from the last two...

Published 21 Feb, 2024 01:17pm

Markets

Election outcome in Pakistan ‘may complicate’ new IMF deal: Fitch

Pakistan’s vulnerable external position means securing financing from multilateral and bilateral partners will be 'one of the most urgent issues on the agenda for the next government'

Updated 19 Feb, 2024 10:25pm

Business & Finance

No change to Japan 2023 growth forecast despite weak GDP: IMF

WASHINGTON: The International Monetary Fund said on Thursday its 2023 economic growth forecast for Japan remained...

Published 16 Feb, 2024 10:35am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 21	278.50
USD PKR Interbank Buying / May 21	278.30
USD to Japanese Yen / May 21	156.44
USD to Swiss Franc / May 21	0.91
Pound Sterling to USD / May 21	1.27
Euro to USD / May 21	1.09

Stock	Volume
S&P 500 / May 20	5308.13
Nasdaq / May 20	16794.88
Dow Jones / May 20	39806.77
India Sensex / May 21	73830.29
Tokyo Nikkei / May 21	39037.68
Hang Seng / May 21	19234.33
FTSE 100 / May 21	8383.95
Germany DAX 30 / May 21	18702.87

Item	Value
Gold 10 Grams PKR / May 20	214678
Petrol/Litre / May 21	273.10
Crude Oil USD/Barrel / May 21	79.32
Karachi Cotton PKR/37.32 KG / May 21	19935
Gold Spot USD/Ounce / May 21	2414
Diesel/Litre / May 21	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 21 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 21 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 21 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 21 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 21 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 21 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 21 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 21 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 21 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 21 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 21 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 21 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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