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SBA

Inflows improved in July: IMF SBA gives comfort level to multilaterals, bilaterals: MEA officials

ISLAMABAD: The staff level agreement on the Stand-By Arrangement (SBA) with the International Monetary Fund (IMF)...

Updated 23 Aug, 2023 10:17am

Govt collects Rs75bn PL in July

ISLAMABAD: The government collected Rs 75 billion in July 2023 on account of petroleum levy (PL), a key source of...

Updated 22 Aug, 2023 08:56am

$2.89bn borrowed from multiple financing sources in July

ISLAMABAD: The country borrowed $2.890 billion from multiple financing sources during the first month (July) of the...

Updated 22 Aug, 2023 09:12am

Power sector grabs finance minister’s immediate attention

Caretaker Finance Minister Shamshad Akhtar visits Federal Board of Revenue to review progress so far on implementation of $3 billion Stand-by-Arrangement of the International Monetary Fund

Updated 22 Aug, 2023 10:06am

Opinion

Caretakers must ensure fiscal discipline

The last official document on the state of the economy prior to the end of the tenure of the eleven-party coalition...

Published 21 Aug, 2023 06:43am

Editorials

Continuity of policies

EDITORIAL: Caretaker Prime Minister Anwaarul Haq Kakar has pledged to continue the economic policies of the outgoing...

Published 21 Aug, 2023 06:43am

Editorials

Ominous start to new (fiscal) year

EDITORIAL: A 19.3 percent year-on-year drop in remittances in July isn’t exactly how the outgoing government...

Published 19 Aug, 2023 06:46am

Opinion

Economic policy by the interim govt

Given Pakistan is facing very difficult economic challenge, mainly in the shape of bringing debt sustainability, on...

Updated 18 Aug, 2023 06:22am

High interest rates, power tariffs, costly raw materials: Textile sector will continue to face economic headwinds: APTMA

ISLAMABAD: The textile sector will continue to experience economic headwinds related to high interest rates,...

Updated 16 Aug, 2023 10:42am

Markets

Rupee falls to 291.5 against US dollar, its weakest closing in inter-bank market since May 11

Local currency sees depreciation of over 1% on Tuesday as caretaker govt takes over affairs of the country

Updated 15 Aug, 2023 08:08pm

Opinion

Mixed start of FY2023-24

The current financial year, 2023-24, started on a very positive note. The talks with the IMF (International Monetary...

Published 15 Aug, 2023 06:49am

Global conditions contributed to higher inflation in Pakistan: SBP

KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad has said that global economic conditions have largely...

Updated 15 Aug, 2023 10:02am

Editorials

Plan to borrow Rs11.09trn in 3 months

EDITORIAL: According to the auction calendar issued by the State Bank of Pakistan, the federal government intends to...

Published 11 Aug, 2023 05:17am

Opinion

‘It’s a nuance, but an important nuance’

The outgoing Shehbaz Sharif-led government is deriving a lot of pleasure, pride and satisfaction from the fact that...

Published 10 Aug, 2023 06:35am

PM acknowledges China’s role in crucial IMF SBA

Says IMF deal would not have been possible without China's support

Updated 10 Aug, 2023 09:57am

Updated CDMP as per SBA yet to be approved

ISLAMABAD: The pledge for the Cabinet to approve an updated Circular Debt Management Plan (CDMP) by end-July 2023 as...

Updated 09 Aug, 2023 09:16am

Editorials

Why the budget was changed

EDITORIAL: Finance Minister Ishaq Dar stated the obvious during his briefing to the National Assembly Standing...

Published 09 Aug, 2023 05:33am

Editorials

Fuel price hike

EDITORIAL: Prices of petrol and high speed diesel (HSD) were raised by 19.95 and 19.90 rupees per litre,...

Updated 03 Aug, 2023 06:27am

Editorials

Plus ca change, plus c’est la meme chose

EDITORIAL: In an overarching drive to launch development projects before the term of the government expires, a drive...

Published 01 Aug, 2023 06:19am

Opinion

How to widen tax net?

Federal Minister for Finance and Revenue Muhammad Ishaq Dar has been repeatedly announcing that the government has...

Published 28 Jul, 2023 03:03am

Opinion

Exports collapsing under power sector burden

The fundamental premise upon which the foundations of modern-day economics stand is that resources are finite and...

Published 27 Jul, 2023 06:26am

Editorials

The ‘begging bowl’ challenge

EDITORIAL: Prime Minister Shehbaz Sharif pledged to break the “begging bowl” by curtailing government expenses...

Published 27 Jul, 2023 06:26am

Opinion

Inward forex cash flows: from 2023-24 to 2027-28

The IMF (International Monetary Fund) issued ‘Request For Stand-By Arrangement’ in July 2023. The IMF has again...

Updated 25 Jul, 2023 07:01am

Opinion

The indictment of monetary policy

The Stand-By Arrangement (SBA) documents uploaded on the International Monetary Fund (IMF) website this Tuesday ...

Published 24 Jul, 2023 06:11am

Opinion

Elephant in the room

To understand strategy in a simple manner three questions are quite helpful. When deciding on a course of action ask...

Published 24 Jul, 2023 06:11am

Dar informs National Assembly: No new tax on agriculture, real estate sectors

ISLAMABAD: Federal Minister for Finance and Revenue Muhammad Ishaq Dar said that the government would not impose...

Updated 22 Jul, 2023 10:01am

Business & Finance

PTI welcomes IMF SBA loan

KARACHI: The Pakistan Tehreek-e-Insaf (PTI) leadership has welcomed the IMF Executive Board approval of $ 3 billion...

Published 22 Jul, 2023 06:06am

PTI says IMF acknowledges leadership’s support

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Friday said that the International Monetary Board (IMF) staff report...

Updated 22 Jul, 2023 09:20am

Opinion

Fair elections and economic stability

“Gross financing needs are very large, mostly due to large debt service payments, while external market financing...

Published 21 Jul, 2023 07:08am

Opinion

PARTLY FACETIOUS: Sincere ignorance and conscientious stupidity

“Martin Luther King said nothing in the world is more dangerous than sincere ignorance and conscientious...

Published 21 Jul, 2023 06:38am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 3	278.23
USD PKR Interbank Buying / May 3	278.03
USD to Japanese Yen / May 3	152.98
USD to Swiss Franc / May 3	0.91
Pound Sterling to USD / May 3	1.26
Euro to USD / May 3	1.07

Stock	Volume
S&P 500 / May 1	5018.39
Nasdaq / May 1	15605.48
Dow Jones / May 1	37903.29
Tokyo Nikkei / May 2	38236.07
FTSE 100 / May 2	8149.68
Germany DAX 30 / May 2	17906.01
France CAC40 / May 2	7916.49
India Sensex / May 3	74412.88

Item	Value
Karachi Cotton PKR/37.32 KG / May 2	20000
Gold 10 Grams PKR / May 2	206619
Petrol/Litre / May 3	288.49
Crude Oil USD/Barrel / May 3	79.12
Gold Spot USD/Ounce / May 3	2308.69
Diesel/Litre / May 3	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 3 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 3 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 3 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 3 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 3 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 3 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 3 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 3 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 3 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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