Topic

Pakistan default

Gallup Survey: Default seems imminent, say businesses

Updated 05 Sep, 2023 09:12am

KARACHI: Majority of Pakistan’s businesses are “not hopeful at all” about the ability of caretaker Prime Minister...

Fiscal imbalance

Published 10 Jul, 2023 06:52am

EDITORIAL: The gap between the boom-and-bust cycle is contracting in Pakistan, indicated by the staff-level ...

Key objectives under new programme: To govt’s chagrin, IMF team calls on PTI chairman

Updated 08 Jul, 2023 08:56am

ISLAMABAD/ LAHORE: The International Monetary Fund (IMF) has approached major political parties in Pakistan,...

SBA won’t cut it

Updated 06 Jul, 2023 06:20am

Fine, it was the single biggest one-day jump in the stock market in 15 years. But is it really that unbelievable,...

There’s no default threat now, says PM

Updated 06 Jul, 2023 08:37am

ISLAMABAD: Prime Minister Shehbaz Sharif while expressing commitment to fully comply with the International Monetary...

PTI accused of seeking to scuttle IMF deal

Updated 03 Jul, 2023 09:03am

Federal Minister for Planning, Development and Reform Ahsan Iqbal says party crossed all limits in its hatred against state

Kicking the can

Updated 03 Jul, 2023 07:58am

An IMF (International Monetary Fund) deal is finally done. This is good news as it has averted the growing concerns...

Pakistan likely to avert default this year after last-minute IMF deal: Bloomberg

Updated 01 Jul, 2023 07:26pm

Dollar funds could rise up to $9.5 billion on account of inflows from the IMF and friendly nations, but a new programme will be needed, says report

Can IMF absence be offset by ‘Plan B’?

Published 26 Jun, 2023 06:38am

EDITORIAL: With the country on the verge of sovereign default, which could cascade into a domestic debt ...

US apprised of edgy IMF ambivalence

Updated 22 Jun, 2023 08:52am

Federal Minister for Finance and Revenue Ishaq Dar meets US Ambassador to Pakistan Donald Blome

As Islamabad scrambles, Dar meets US ambassador to alleviate concerns on Pakistan’s budget

Updated 21 Jun, 2023 05:25pm

Finance minister says measures for fiscal year 2023-24 are aimed at reducing fiscal gap in order to meet national as well as international financial obligations

IMF’s criticism of Pakistan’s budget raises default odds: Bloomberg

Updated 19 Jun, 2023 08:07pm

If IMF aid doesn’t come this month, it expects growth to be much weaker in fiscal 2024 than the current forecast of 2.5%

Expert says country would not default

Updated 18 Jun, 2023 07:49pm

Ashfaq Tola says govt has not introduced any tax amnesty scheme in the budget and that any ambiguity related to such a scheme would be resolved before the International Monetary Fund (IMF)

Moody’s says chances of Pakistan securing IMF bailout dwindling: report

Updated 14 Jun, 2023 08:19pm

Moody's analyst says Pakistan could default without an IMF programme

It’s just too late

Published 08 Jun, 2023 06:30am

It’s impossible to reach the state of maximum uncertainty in Pakistan. Two caretaker provincial governments...

Delay in IMF programme ‘unprecedented’, says Dar

Updated 03 Jun, 2023 08:09pm

Finance minister believes there is no technical reason for the delay
Slams 'pseudo-intellectuals' who have predicted country will default

IMF should not interfere in Pakistan’s political, domestic affairs: Aisha Ghaus Pasha

Updated 31 May, 2023 05:22pm

Minister of State for Finance says IMF's comment on Pakistan's domestic affairs is 'extraordinary', wants 'uncertainty' on bailout to end

Atif Mian ‘has no idea how practical economics operates’: Ministry of Finance

Updated 27 May, 2023 06:48pm

Economist's statement is a misplaced criticism made from a purely theoretical point of view, says Finance Ministry

Default fears deepen but Dar exudes optimism

Updated 25 May, 2023 08:55am

Assures business community that focus of upcoming budget (2023-24) would be broadening tax base and document new taxpayers

Pakistan will not default, reiterates Ishaq Dar

Published 24 May, 2023 06:00pm

Finance minister says Pakistan will escape current difficult economic circumstances

Despite challenges, Pakistan to avert default: report

Updated 23 May, 2023 06:56pm

KTrade report says Pakistan's commercial debt obligations are low, can be handled by careful management of current account balance and support of friendly countries

IMF is baulking probably due to political unrest in Pakistan, says Bloomberg

Updated 19 May, 2023 06:07pm

Heightened political uncertainty in Pakistan is “probably one of the reasons” the International Monetary Fund (IMF)...

Federal budget on June 9: Govt will fulfil all external obligations: Dar

Updated 12 May, 2023 10:29am

Says there is a plan for foreign payments of $3.7 billion in May and June

Pakistan could default without IMF bailout programme: Moody’s

Published 10 May, 2023 06:03am

LAHORE: Pakistan could face default without an International Monetary Fund (IMF) bailout programme as the country is...

IK warns of ‘Sri Lanka-like’ situation if elections not held

Updated 30 Apr, 2023 09:24am

LAHORE: Pakistan Tehreek-e-Insaf Chairman Imran Khan has warned the ‘powerful people’ that violent protests will...

IMF agreement to be inked soon, reiterates Dar in National Assembly

Updated 10 Apr, 2023 07:16pm

Finance minister tables bill in parliament seeking approval for election funds
Says national and provincial elections should be held at the same time, under a caretaker setup

Finance minister holds back from giving timeline on when deal will be inked

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 29	277.32
USD PKR Interbank Buying / Sep 29	277.12
USD to Japanese Yen / Sep 30	157.03
USD to Swiss Franc / Sep 30	0.83
Pound Sterling to USD / Sep 30	1.32
Euro to USD / Sep 30	1.13
SOFR % / Sep 28	3.90

Stock	Volume
S&P 500 / Sep 29	7,670.84
Nasdaq / Sep 29	26,797.54
Dow Jones / Sep 29	51,349.92
India Sensex / Sep 30	72,729.39
Tokyo Nikkei / Sep 30	66,728.56
Hang Seng / Sep 30	24,534.37
FTSE 100 / Sep 30	10,714.17
Germany DAX 30 / Sep 30	25,546.29
France CAC40 / Sep 30	8,055.71

Item	Value
Karachi Cotton PKR/37.32 KG / Sep 29	18,780
Gold 10 Grams PKR / Sep 29	374,945
Crude Oil USD/Barrel / Sep 30	89.69
Gold Spot USD/Ounce / Sep 30	4,309.98
Cotton US¢/pound / Sep 30	79.18
Petrol/Litre / Oct 1	387.54
Diesel/Litre / Oct 1	402.24

Gainers
Losers
Leaders

Stock	Price
Colony Tex.Mills Ltd / Sep 30 Colony Textile Mills Limited(CTM)	7.26 ▲ 1 (15.97%)
Kohinoor Spinning / Sep 30 Kohinoor Spinning Mills Limited(KOSM)	5.73 ▲ 0.77 (15.52%)
Lse Spac-I Ltd. / Sep 30 Lse Spac-I Limited(SPAC1)	20.41 ▲ 1.86 (10.03%)
Tri-Star Mutual / Sep 30 Tri-Star Mutual Fund Limited(TSMF)	16.57 ▲ 1.51 (10.03%)
Sindh Modaraba / Sep 30 Sindh Modaraba(SINDM)	33.28 ▲ 3.03 (10.02%)
Ghazi Fabrics / Sep 30 Ghazi Fabrics International Limited(GFIL)	26.38 ▲ 2.4 (10.01%)
Asim Textile / Sep 30 Asim Textile Mills Limited(ASTM)	113.96 ▲ 10.36 (10%)
Dadex Eternit / Sep 30 Dadex Eternit Limited(DADX)	150.32 ▲ 13.67 (10%)
First Punjab Modaraba / Sep 30 First Punjab Modaraba(FPJM)	29.04 ▲ 2.64 (10%)
Oilboy Energy / Sep 30 Oilboy Energy Limited(OBOY)	18.59 ▲ 1.69 (10%)

Stock	Price
Ashfaq Textile / Sep 30 Ashfaq Textile Mills Limited(ASHT)	50.57 ▼ -5.62 (-10%)
Ghani Chemworld Limited(PRS) / Sep 30 Ghani Chemworld Limited(PRS)(GCWLPRS)	118.83 ▼ -13.16 (-9.97%)
Burj Clean Energy Modaraba / Sep 30 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	11.25 ▼ -1.15 (-9.27%)
The Thal Ind.Corp. / Sep 30 The Thal Industries Corporation Limited(TICL)	918.13 ▼ -92.07 (-9.11%)
Pakistan Services / Sep 30 Pakistan Services Limited(PSEL)	1,019.63 ▼ -99.15 (-8.86%)
Mandviwala / Sep 30 Mandviwala Mauser Plastic Industries(MWMP)	77.07 ▼ -7.14 (-8.48%)
S.G.Power / Sep 30 S.G. Power Limited(SGPL)	23.41 ▼ -1.84 (-7.29%)
D.M. Corporation / Sep 30 D.M. Corporation Limited(DMC)	165.33 ▼ -11.63 (-6.57%)
Cordoba Logistics / Sep 30 Cordoba Logistics & Ventures Limited(CLVL)	28.32 ▼ -1.94 (-6.41%)
EMCO Industries / Sep 30 Emco Industries Limited(EMCO)	32.10 ▼ -1.93 (-5.67%)

Stock	Volume
Pak Int.Bulk / Sep 30 Pakistan International Bulk Terminal(PIBTL)	73,446,994 ▲ 0.11
Kohinoor Spinning / Sep 30 Kohinoor Spinning Mills Limited(KOSM)	58,387,095 ▲ 0.77
Tasdeeq Info. Serv. / Sep 30 Tasdeeq Information Services Limited(TISL)	50,882,891 ▼ -0.09
Cnergyico PK / Sep 30 Cnergyico PK Limited(CNERGY)	28,308,841 ▲ 0.03
D.S. Ind. Ltd. / Sep 30 D.S. Industries Limited(DSIL)	21,823,804 ▲ 1.27
Arif Habib Corp / Sep 30 Arif Habib Corporation Limited(AHCL)	17,873,579 ▲ 0.1
Pak Refinery / Sep 30 Pakistan Refinery Limited(PRL)	17,817,038 ▲ 0.45
WorldCall Telecom / Sep 30 Worldcall Telecom Limited(WTL)	17,431,935 ▼ -0.01
S.G.Power / Sep 30 S.G. Power Limited(SGPL)	16,575,953 ▼ -1.84
F. Nat.Equities / Sep 30 First National Equities Limited(FNEL)	14,238,200 ▲ 0

Pakistan default

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