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EFF

'No subsidies for wealthy': IMF 'very clear', wants Pakistan's poor protected

Fund managing director Kristalina Georgieva says IMF asking for steps that Pakistan needs to take to be able to function as a country and not to get into a dangerous place where its debt needs to be restructured

Updated 20 Feb, 2023 04:52pm

US underscores need for undertaking economic reform

ISLAMABAD: The United States has asked Pakistan for undertaking economic reform and improving the regulatory...

Updated 18 Feb, 2023 08:57am

Business & Finance

Forex reserves move up by $162m

KARACHI: The country’s total liquid foreign exchange reserves rose by $162 million during the last week. ...

Updated 17 Feb, 2023 06:38am

Opinion

Better late than never, or just too late?

Too bad Finance Minister Ishaq Dar didn’t get to give Moody’s a “befitting reply” for downgrading...

Published 16 Feb, 2023 06:08am

Pakistan’s external position under significant stress: Moody’s

ISLAMABAD: Pakistan’s external position is under significant stress following delays in securing official sector...

Updated 11 Feb, 2023 09:02am

SBP’s reserves slip to $3bn

KARACHI: The country’s total liquid foreign exchange reserves further fell by $711 million during last week due to...

Updated 03 Feb, 2023 08:54am

Officers dealing with IMF exempted from meetings at PMO

ISLAMABAD: The prime minister has exempted all officers dealing with the International Monetary Fund (IMF) from the...

Updated 02 Feb, 2023 09:17am

Govt team tries to persuade IMF to unlock lending

Fund asks Pakistan to withdraw untargeted subsidies, reduce circular debt and meet petroleum levy

Updated 01 Feb, 2023 01:18pm

Talks with IMF team: Doubts exist about Dar-led team’s capability

ISLAMABAD: The business community and agriculturalists have shown serious concerns over the capability of Finance...

Updated 31 Jan, 2023 09:03am

Crucial IMF talks begin today

ISLAMABAD: The International Monetary Fund (IMF) team arrived in Islamabad and formal talks on the 9th review of the...

Updated 31 Jan, 2023 09:06am

Pakistan

PM says agreement with IMF to be reached this month

ISLAMABAD: Prime Minister Shehbaz Sharif Friday expressed optimism about an agreement with the International ...

Published 28 Jan, 2023 06:20am

IMF team to arrive on 31st

ISLAMABAD: The International Monetary Fund (IMF) mission will visit Pakistan from January 31-February 9 to continue...

Updated 27 Jan, 2023 09:06am

Business & Finance

Economist sees GDP growth in negative arena

ISLAMABAD: All economic indications of the first six months of the current year suggest that Pakistan’s GDP growth...

Published 13 Jan, 2023 07:07am

Review delay throws IMF’s EFF off the track?

KARACHI: The IMF’s Extended Fund Facility (EFF) has once again fallen off track amid delays in completion of the 9th...

Updated 23 Dec, 2022 08:41am

World

IMF executive board approves $3bn Egypt extended arrangement

CAIRO: The International Monetary Fund (IMF) executive board has approved a 46-month $3 billion financial support...

Updated 17 Dec, 2022 04:11pm

Revenue shortfall necessitates steps agreed with IMF?

ISLAMABAD: Contingency tax measures as agreed with the International Monetary Fund under seventh and eighth reviews...

Updated 14 Dec, 2022 09:51am

Discussions productive: IMF official

ISLAMABAD: Discussions to date in the context of the ninth review under the Extended Fund Facility (EFF) have been...

Updated 14 Dec, 2022 09:50am

IMF programme: Govt remains committed, Dar tells Nong

Finance minister says negotiations for ninth review are at an advanced state

Updated 07 Dec, 2022 09:53am

‘Won’t take IMF’s dictation’: Dar

Finance minister says he does not have to plead before the Fund

Updated 03 Dec, 2022 11:56am

Opinion

IMF a curse?

This is apropos a Business Recorder op-ed ‘doesn’t matter who is/becomes FM’ carried by the newspaper...

Published 02 Dec, 2022 05:47am

Opinion

Doesn’t matter who is/becomes FM

SBP’s (State Bank of Pakistan’s) surprise 100 basis point increase in its key policy rate (to a 24-year high of...

Updated 01 Dec, 2022 06:07am

Markets

Rupee remains stable at 223.95 against US dollar

The currency faced minor fluctuations throughout the trading session

Updated 29 Nov, 2022 09:16pm

IMF, govt begin virtual engagement

ISLAMABAD: Pakistan and the International Monetary Fund (IMF) have started virtual discussions for the ninth review...

Updated 29 Nov, 2022 09:46am

Editorials

Incorrigible FBR

EDITORIAL: A ‘unique scam involving tax officials’ unearthed by the Federal Tax Ombudsman (FTO), according to a...

Published 27 Nov, 2022 05:58am

Markets

Rupee falls marginally, settles at 223.92 against US dollar

Depreciates 0.05% in inter-bank market on Thursday

Updated 24 Nov, 2022 07:01pm

Opinion

Sleepwalking into default

It’s pretty clear that the PTI (Pakistan Tehreek-e-Insaf) government will not stop agitating for an early ...

Published 24 Nov, 2022 04:28am

Opinion

Breakdown of external economic relations

The fact that Pakistan is currently operating under an IMF (International Monetary Fund) programme, under the...

Published 22 Nov, 2022 03:23am

Targeted assistance: IMF appears ready to take the long view

Talks on 9th review of International Monetary Fund Enhanced Fund Facility further delayed

Updated 18 Nov, 2022 09:54am

POL rates: anomalies in notification?

ISLAMABAD: The notification issued by the Ministry of Energy on the morning of 16th November for effective POL rates...

Updated 17 Nov, 2022 09:28am

Editorials

Co-financing by AIIB

EDITORIAL: Federal Finance Minister Ishaq Dar tweeted approval of co-financing to the tune of 500 million dollars by...

Updated 14 Nov, 2022 06:23am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 20	278.30
USD PKR Interbank Buying / May 20	278.10
USD to Japanese Yen / May 20	155.76
USD to Swiss Franc / May 20	0.91
Pound Sterling to USD / May 20	1.27
Euro to USD / May 20	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Nasdaq / May 17	16685.97
Dow Jones / May 17	40003.59
Tokyo Nikkei / May 20	39197.34
Hang Seng / May 20	19650.18
FTSE 100 / May 20	8442.03
Germany DAX 30 / May 20	18754.68

Item	Value
Karachi Cotton PKR/37.32 KG / May 17	19935
Petrol/Litre / May 20	273.10
Crude Oil USD/Barrel / May 20	80.09
Gold 10 Grams PKR / May 20	214678
Gold Spot USD/Ounce / May 20	2436.84
Diesel/Litre / May 20	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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