Trends - Extended Fund Facility

Extended Fund Facility

Electricity (price) shock incoming

One of the key objectives of the IMF’s next Extended Fund Facility (EFF) to Pakistan will be “restoring the energy...

Published 28 Mar, 2024 10:49am

Pakistan

PM Shehbaz asks authorities to 'immediately engage' IMF regarding Extended Fund Facility

Premier directs authorities concerned to prepare an action plan on an emergency basis to revive the national economy

Published 04 Mar, 2024 11:46pm

Editorials

Vested interests and policy reversals

EDITORIAL: Just when the certainty of the election was supposed to bolster confidence about continued engagement ...

Published 31 Dec, 2023 03:04am

SBP terms FY23 ‘extraordinarily challenging’

KARACHI: The fiscal year 2023 was extraordinarily challenging, with a host of external and domestic shocks,...

Updated 30 Dec, 2023 08:16pm

Pakistan

IMF urges Pakistan to continue monetary policy tightening cycle

Tightening cycle should continue if needed to reduce inflation and facilitate external rebalancing, says staff report

Published 18 Jul, 2023 10:56pm

Editorials

The post-budget claims

EDITORIAL: Prime Minister Shehbaz Sharif, two days after the budget was presented, once again expressed optimism on...

Published 13 Jun, 2023 06:00am

Pakistan

IMF official has expressed confidence SLA will be signed soon, says Pakistan's Finance Division

Statement comes after Finance Minister Ishaq Dar attends IMF-World Bank spring meetings virtually from Islamabad

Updated 12 Apr, 2023 11:14pm

Forex reserves fall below $3bn on debt repayments

KARACHI: The country’s total liquid foreign exchange reserves further shrunk by $202 million during the last ...

Updated 10 Feb, 2023 08:54am

Opinion

Lethargic economic management

About 84% of countries are expected to have lower headline (consumer price index) inflation in 2023 than in 2022....

Published 03 Feb, 2023 06:17am

Business & Finance

Forex reserves plunge by about $1bn

KARACHI: The crisis of foreign exchange reserves has further escalated as the country’s total liquid forex reserves...

Published 27 Jan, 2023 06:15am

Business & Finance

Market expects Geneva pledges to help ease pressure on foreign exchange reserves

KARACHI: With some $10 billion commitments in the Geneva Conference, the default risk has further reduced and the...

Updated 10 Jan, 2023 09:59am

Pakistan repays over $1bn external debt

KARACHI: The country has successfully repaid over one-billion-dollar external debt to international financial...

Updated 08 Jan, 2023 11:26am

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

Pakistan

IMF says discussions with Pakistan 'productive', looks forward to continuing dialogue

IMF review for the release of the next tranche of funding has been pending since September

Published 13 Dec, 2022 11:27pm

Pakistan

Pakistan flood recovery plan key to continued financial support: IMF

Resident representative says IMF staff continuing discussions with Pakistani authorities over policies to reprioritise and better target support toward humanitarian needs, while accelerating reform efforts to preserve economic and fiscal sustainability

Published 23 Nov, 2022 11:50pm

Editorials

Missed revenue target

EDITORIAL: After exceeding projections for several months, it’s the same old story at the Federal Board of Revenue...

Published 05 Nov, 2022 05:53am

Pakistan

IMF to support Pakistan's flood relief, reconstruction efforts 'under current programme'

IMF Resident Representative to Pakistan says will work with others in the international community to support, under the current programme, the authorities’ relief and reconstruction efforts, while ensuring sustainable policies and macroeconomic stability

Updated 18 Sep, 2022 09:20pm

Opinion

Shocks and Pakistan’s economy

‘We are living in a time of overlapping emergencies: the pandemic is not over, climate change is a reality, and...

Published 09 Sep, 2022 06:09am

Pakistan

Floods and earthquakes: Pakistan hardest-hit country in CAREC region: ADB

ISLAMABAD: The Asian Development Bank (ADB) has stated that Pakistan is on top in terms of an absolute amount of ...

Published 07 Sep, 2022 04:13am

Pakistan

BISP: indicative target missed by a wide margin

ISLAMABAD: Pakistan missed by a large margin an indicative target (IT) pertaining to Benazir Income Support ...

Published 03 Sep, 2022 04:25am

0.2pc of GDP: Plan to achieve paltry primary surplus a welcome step: Fund

ISLAMABAD: The International Monetary Fund (IMF) has termed the authorities' plan to achieve a small primary...

Updated 03 Sep, 2022 09:43am

Domestic consumers: Power tariff adjustments will continue, IMF assured

ISLAMABAD: The government has assured the International Monetary Fund (IMF) that it will continue adjustments in...

Updated 03 Sep, 2022 09:42am

IMF conveniently ignores devastation wrought by floods

Report projects 3.5pc growth against the budgeted 5pc

Updated 03 Sep, 2022 09:44am

Business & Finance

PL on petrol hiked Rs7.50 more than pledge to IMF

ISLAMABAD: The government had pledged to the International Monetary Fund (IMF) to increase petroleum levy on petrol...

Updated 03 Sep, 2022 12:21pm

Business & Finance

IMF urges bilateral creditors to maintain exposure to Pakistan

ISLAMABAD: The International Monetary Fund (IMF) has urged all key bilateral creditors to maintain their exposure to...

Updated 03 Sep, 2022 12:31pm

Opinion

Multiple challenges

Pakistan is the fifth most populous country in the world which as on August 23, 2022 is 230,052,620 as per...

Published 26 Aug, 2022 05:35am

IMF board meeting on 29th

ISLAMABAD: The International Monetary Fund (IMF) Executive Board meeting for the combined seventh and eight reviews...

Updated 18 Aug, 2022 09:33am

Pakistan

IMF says Executive Board meeting set for August 29

Will meet for combined seventh and eight review under the Extended Fund Facility

Updated 17 Aug, 2022 11:18pm

Editorials

When it rains, it pours

EDITORIAL: It goes from bad to worse every day in the south, especially Balochistan, as earthquakes now compound the...

Published 08 Aug, 2022 05:41am

Once IMF programme resumes: ADB to disburse over $1.5bn to support BoP

Govt had requested ADB in June to expedite disbursement of nearly $2 billion

Updated 06 Aug, 2022 09:31am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 8	278.28
USD PKR Interbank Buying / May 8	278.03
USD to Japanese Yen / May 8	155.25
USD to Swiss Franc / May 8	0.91
Pound Sterling to USD / May 8	1.25
Euro to USD / May 8	1.07

Stock	Volume
S&P 500 / May 7	5187.70
Nasdaq / May 7	16332.56
Dow Jones / May 7	38884.26
India Sensex / May 8	73566.30
Tokyo Nikkei / May 8	38202.37
Hang Seng / May 8	18325.35
FTSE 100 / May 8	8354.28
Germany DAX 30 / May 8	18528.77

Item	Value
Karachi Cotton PKR/37.32 KG / May 7	19935
Petrol/Litre / May 8	288.49
Crude Oil USD/Barrel / May 8	77.89
Gold 10 Grams PKR / May 8	205075
Gold Spot USD/Ounce / May 8	2314.41
Diesel/Litre / May 8	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 8 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 8 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 8 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 8 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 8 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 8 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 8 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 8 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 8 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 8 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 8 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 8 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 8 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 8 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 8 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 8 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 8 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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