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Pakistan default

Gallup Survey: Default seems imminent, say businesses

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

Updated 05 Sep, 2023 09:12am

Editorials

Fiscal imbalance

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

Published 10 Jul, 2023 06:52am

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

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

Updated 08 Jul, 2023 08:56am

Opinion

SBA won’t cut it

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

Updated 06 Jul, 2023 06:20am

Pakistan

There’s no default threat now, says PM

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

Updated 06 Jul, 2023 08:37am

PTI accused of seeking to scuttle IMF deal

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

Updated 03 Jul, 2023 09:03am

Opinion

Kicking the can

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

Updated 03 Jul, 2023 07:58am

Markets

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

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

Updated 01 Jul, 2023 07:26pm

Editorials

Can IMF absence be offset by ‘Plan B’?

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

Published 26 Jun, 2023 06:38am

US apprised of edgy IMF ambivalence

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

Updated 22 Jun, 2023 08:52am

Pakistan

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

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

Updated 21 Jun, 2023 05:25pm

Markets

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

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%

Updated 19 Jun, 2023 08:07pm

Expert says country would not default

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)

Updated 18 Jun, 2023 07:49pm

Markets

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

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

Updated 14 Jun, 2023 08:19pm

Opinion

It’s just too late

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

Published 08 Jun, 2023 06:30am

Pakistan

Delay in IMF programme ‘unprecedented’, says Dar

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

Updated 03 Jun, 2023 08:09pm

Markets

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

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

Updated 31 May, 2023 05:22pm

Markets

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

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

Updated 27 May, 2023 06:48pm

Default fears deepen but Dar exudes optimism

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

Updated 25 May, 2023 08:55am

Pakistan

Pakistan will not default, reiterates Ishaq Dar

Finance minister says Pakistan will escape current difficult economic circumstances

Published 24 May, 2023 06:00pm

Pakistan

Despite challenges, Pakistan to avert default: report

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

Updated 23 May, 2023 06:56pm

Markets

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

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

Updated 19 May, 2023 06:07pm

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

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

Updated 12 May, 2023 10:29am

Business & Finance

Pakistan could default without IMF bailout programme: Moody’s

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

Published 10 May, 2023 06:03am

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

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

Updated 30 Apr, 2023 09:24am

Pakistan

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

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

Updated 10 Apr, 2023 07:16pm

Business & Finance

Default averted, claims Bilal

ISLAMABAD: Coordinator to the Prime Minister on Economy and Energy Bilal Azhar Kayani on Sunday said that the...

Published 10 Apr, 2023 06:45am

Half a trillion in debt haircuts essential for sustainability: study

LONDON: Up to half a trillion dollars in debt needs to be written off to help developing nations at greatest risk of...

Updated 07 Apr, 2023 08:50am

Opinion

A possible way forward–I

Pakistan today is perilously close to declaring its inability to settle its external debt obligations. Default. What...

Published 03 Apr, 2023 06:36am

Pakistan

Technical-level talks with IMF are over: Ishaq Dar

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

Updated 30 Mar, 2023 08:53pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 16	283.37
USD PKR Interbank Buying / Jun 16	283.17
USD to Japanese Yen / Jun 17	144.76
USD to Swiss Franc / Jun 17	0.81
Pound Sterling to USD / Jun 17	1.36
Euro to USD / Jun 17	1.16
UK LIBOR % / Jun 14	4.96

Stock	Volume
S&P 500 / Jun 14	5,976.97
Nasdaq / Jun 14	19,406.83
Dow Jones / Jun 14	42,197.79
India Sensex / Jun 17	81,649.49
Tokyo Nikkei / Jun 17	38,502.10
Hang Seng / Jun 17	23,945.81
FTSE 100 / Jun 17	8,845.59
Germany DAX 30 / Jun 17	23,441.60
France CAC40 / Jun 17	7,694.59

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 16	16,785
Gold 10 Grams PKR / Jun 16	310,613
Petrol/Litre / Jun 17	258.43
Crude Oil USD/Barrel / Jun 17	72.01
Gold Spot USD/Ounce / Jun 17	3,388.42
Diesel/Litre / Jun 17	262.59
Cotton US¢/pound / Jun 17	67.96

Gainers
Losers
Leaders

Stock	Price
Cresent Jute / Jun 17 Crescent Jute Products Limited(CJPL)	5.57 ▲ 1 (21.88%)
First Dawood Prop. / Jun 17 First Dawood Properties Limited(FDPL)	4.44 ▲ 0.56 (14.43%)
Gulistan Sp. / Jun 17 Gulistan Spinning Mills Limited(GUSM)	9.28 ▲ 1 (12.08%)
B. F. Modaraba / Jun 17 B.F. Modaraba(BFMOD)	10.31 ▲ 1 (10.74%)
Invest Bank / Jun 17 Invest Capital Investment Bank Limited(ICIBL)	8.94 ▲ 0.83 (10.23%)
Merit Packaging / Jun 17 Merit Packaging Limited(MERIT)	14.92 ▲ 1.36 (10.03%)
Power Cem(Pref) / Jun 17 Power Cement (Pref)(POWERPS)	18.98 ▲ 1.73 (10.03%)
Service Textile / Jun 17 Service Industries Textiles Limited(SERT)	17.88 ▲ 1.63 (10.03%)
Bannu Woollen / Jun 17 Bannu Woollen Mills Limited(BNWM)	57.71 ▲ 5.25 (10.01%)
MACPAC Films / Jun 17 MACPAC Films Limited(MACFL)	26.81 ▲ 2.44 (10.01%)

Stock	Price
Ist.Capital Sec / Jun 17 First Capital Securities Corporation(FCSC)	3.24 ▼ -0.61 (-15.84%)
Unicap Modaraba / Jun 17 Unicap Modaraba(UCAPM)	3.95 ▼ -0.65 (-14.13%)
PIA Holding Co.B / Jun 17 PIA Holding Company Limited B(PIAHCLB)	15,300.20 ▼ -1699.99 (-10%)
Sardar Chemical / Jun 17 Sardar Chemical Industries Limited(SARC)	77.10 ▼ -8.57 (-10%)
Pakgen Power / Jun 17 Pakgen Power Limited(PKGP)	237.39 ▼ -26.38 (-10%)
Hala Enterprise / Jun 17 Hala Enterprises Limited(HAEL)	24.86 ▼ -2.76 (-9.99%)
First Fid. Leasing / Jun 17 First Fidelity Leasing Modaraba(FFLM)	2.95 ▼ -0.32 (-9.79%)
National Silk / Jun 17 The National Silk & Rayon Mills Limited(NSRM)	48.80 ▼ -5.12 (-9.5%)
Arpak Int. / Jun 17 Arpak International Investments Ltd.(ARPAK)	52 ▼ -5.26 (-9.19%)
Khyber Textile / Jun 17 Khyber Textile Mills Limited(KHYT)	1,470 ▼ -145.1 (-8.98%)

Stock	Volume
WorldCall Telecom / Jun 17 Worldcall Telecom Limited(WTL)	224,656,571 ▼ -0.01
Pervez Ahmed Consultancy / Jun 17 Pervez Ahmed Consultancy Services Ltd.(PASL)	89,734,457 ▲ 0.01
Ist.Capital Sec / Jun 17 First Capital Securities Corporation(FCSC)	47,709,482 ▼ -0.61
Sui South Gas / Jun 17 Sui Southern Gas Company Limited(SSGC)	42,807,996 ▲ 1.35
B.O.Punjab / Jun 17 The Bank of Punjab(BOP)	40,051,300 ▲ 0.15
Bank Makramah / Jun 17 Bank Makramah Limited(BML)	38,452,337 ▲ 0.14
Kohinoor Spining / Jun 17 Kohinoor Spinning Mills Limited(KOSM)	36,183,069 ▼ -0.13
First Prudential Mod. / Jun 17 First Prudential Modaraba(PMI)	34,623,778 ▼ -0.39
PIA Holding Co.Ltd / Jun 17 PIA Holding Company Limited(PIAHCLA)	24,725,769 ▼ -0.36
First Dawood Prop. / Jun 17 First Dawood Properties Limited(FDPL)	22,844,311 ▲ 0.56

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