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SDRs

Immediate economic priorities for the incoming government

The new government that comes into office will have its work sharply cut out as far as the economic challenges are...

Published 09 Feb, 2024 03:29am

Opinion

Some important economic policy questions

The first important policy question facing policymakers is how much role aggregate demand plays in determining...

Published 22 Dec, 2023 05:22am

Opinion

Misplaced optimism about economy

Given elections are scheduled for early February, a few months into 2024 spring will bring into public life a new...

Published 15 Dec, 2023 03:12am

Opinion

IMF’s policy needs deeper political economic thinking

‘“Escalating protests in Pakistan against rising costs linked to IMF demands, which follow similar protests in...

Published 02 Oct, 2023 07:03am

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

Opinion

Inequality, poverty, and austerity — II

Unfortunately, both the IMF and individual countries practicing these, in or outside of the IMF programme, are not...

Published 22 Jul, 2023 06:25am

Opinion

Climate change crisis and multilateralism

‘I played a key role as chair of the African Union during the Covid period. We felt like we were beggars when it...

Updated 07 Jul, 2023 06:04am

Opinion

Global economic crisis: Neoliberalism, debt sustainability, SDRs, and multilateralism

The global economy is facing existential threats of climate change and Pandemicene crises. The underlying basis for...

Updated 26 May, 2023 07:12am

Opinion

Economic stress

Since around September 2021, and especially since April last year, economic stress has come to Pakistan from a ...

Updated 12 May, 2023 06:33am

Opinion

Serious economic crisis due to austerity policies, and weak multilateralism

Inadequate provision of International Monetary Fund’s (IMF’s) special drawing rights (SDRs) to Pakistan, like in...

Updated 07 Apr, 2023 06:32am

Opinion

SDR allocation, monetary tightening, inflation, and banking crisis

While the International Monetary Fund (IMF) continues to not provide a much-needed special drawing rights (SDRs)...

Published 31 Mar, 2023 06:45am

Opinion

Understanding austerity

There is a general confusion in Pakistan, whereby austerity policies are taken as belt-tightening in terms of...

Published 10 Mar, 2023 03:46am

Opinion

Developing countries’ lost decade?

Global average temperatures have reached 1.2 degrees centigrade above the pre-industrial era, and most scientific...

Updated 03 Mar, 2023 06:58am

Opinion

Debt relief for developing countries

When the Covid pandemic was declared by the World Health Organization (WHO) back in early 2020, a number of...

Published 17 Feb, 2023 06:00am

Opinion

2023: year of non-neoliberal, non-austerity, counter-cyclical reform policy

Agreed, Pakistan’s credit default swap (CDS) risk has increased substantially during the current year, that it has...

Updated 30 Dec, 2022 06:28am

Opinion

IMF policy needs a serious rethink

The first major jolt to the International Monetary Fund’s (IMF’s) thinking regarding pursuing austerity policy...

Published 16 Dec, 2022 05:58am

Opinion

Contradictions in economic policy stance and a way forward

In its policy prescription, the International Monetary Fund (IMF) has been pushing Pakistan for adopting procyclical...

Updated 09 Dec, 2022 06:32am

Editorials

IMF programme: a shabby muddle

EDITORIAL: Credible reports emanating from the Ministry of Finance reveal that the International Monetary Fund (IMF)...

Published 05 Dec, 2022 06:00am

Opinion

Floods, debt, and SDRs

Pakistan is facing unprecedented floods of a profoundly catastrophic nature. While 3 million livestock have died in...

Published 30 Sep, 2022 05:52am

Opinion

Improvement in balance of payments

The balance of payments for the month of August 2022 shows a visible improvement. Not only has the current account...

Published 27 Sep, 2022 04:06am

Govt seeks more SDRs from IMF to propel economy

Minister for Finance Miftah Ismail holds virtual meeting with IMF Mission Chief Nathan Porter

Updated 19 May, 2022 10:32am

Opinion

Controlling inflation and financing deficits — I

In April 2020, International Monetary Fund (IMF) managing director (MD) had reportedly called the Covid pandemic a...

Published 14 May, 2022 04:05am

Markets

US Republicans urge Yellen to block Russia from exchanging IMF reserves

WASHINGTON: US Treasury Secretary Janet Yellen must block Russia from exchanging the $17 billion in International...

Updated 01 Mar, 2022 12:56pm

Opinion

The rising govt debt

The SBP has released the data on the level of gross government debt as of the end of November 2021. It stands at Rs...

Published 18 Jan, 2022 04:20am

Editorials

Towards sixth review

EDITORIAL: According to media reports, the sixth review talks with the International Monetary Fund (IMF) have been...

Published 27 Sep, 2021 05:51am

Additional SDRs to give ‘meaningful’ support: Moody’s

ISLAMABAD: The International Monetary Fund’s additional Special Drawing Rights (SDRs) allocation would provide ...

Published 16 Apr, 2021 03:40am

World

G7 seen backing issuance of new IMF SDRs

One IMF expert said a $500 billion boost in SDRs would deliver some $14 billion in added reserves to low-income countries and $60 billion to emerging markets, but others said the yields could be much higher.

Published 12 Feb, 2021 10:58am

Business & Finance

IMF chief warns of 'lost generation' if low-income countries don't get more help

WASHINGTON: The head of the IMF urged advanced economies to provide more resources to low-income countries, warning...

Published 07 Feb, 2021 04:07am

Most stressed out nations: PM for SDR step to help alleviate BoP pressures

ISLAMABAD: Prime Minister Imran Khan has emphasised allocation of Special Drawing Rights (SDRs) of $500 billion to...

Updated 26 Jan, 2021 09:51am

Pakistan

PM proposes equitable COVID vaccine supply in five-point agenda for global prosperity

Prime Minister called for a general allocation of SDRs of $500 billion to help alleviate balance-of-payment pressures.

Published 25 Jan, 2021 07:17pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 24	278.59
USD PKR Interbank Buying / Apr 24	278.39
USD to Japanese Yen / Apr 24	155.21
USD to Swiss Franc / Apr 24	0.91
Pound Sterling to USD / Apr 24	1.25
Euro to USD / Apr 24	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
India Sensex / Apr 24	73852.94
Tokyo Nikkei / Apr 24	38460.08
Nasdaq / Apr 24	15712.75
Hang Seng / Apr 24	17201.27
FTSE 100 / Apr 24	8040.38
Dow Jones / Apr 24	38460.92
Germany DAX 30 / Apr 24	18088.70

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Crude Oil USD/Barrel / Apr 24	82.83
Gold Spot USD/Ounce / Apr 24	2318.17
Cotton US¢/pound / Apr 24	81.01
Petrol/Litre / Apr 25	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 25 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 25 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 25 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 25 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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