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IMF and Pakistan

Pakistan on the IMF doorstep again

With Pakistan embroiled in an acute burden of debt, to the extent that 70 percent of its revenue is diverted to pay...

Published 20 Apr, 2024 04:18am

Business & Finance

Pakistan wants larger, extended loan programme with IMF: Aurangzeb

WASHINGTON: Federal Minister for Finance and Revenue Muhammad Aurangzeb has said that Pakistan wants to enter into a...

Published 20 Apr, 2024 04:18am

Aurangzeb, SFD CEO discuss funding for dam, highway

WASHINGTON: Federal Minister for Finance Muhammad Aurangzeb met with Sultan Abdulrahman Al-Marshad, CEO Saudi Fund...

Updated 20 Apr, 2024 02:07pm

Pakistan aims to agree outline of new IMF loan in May: Aurangzeb

WASHINGTON: Pakistan hopes to agree the contours of a new International Monetary Fund loan in May, Finance Minister...

Updated 20 Apr, 2024 05:39pm

Markets

‘Reform’ package more important than size of next programme, says IMF

The International Monetary Fund (IMF) urged Pakistani authorities to accelerate the pace of reforms, as the country...

Updated 19 Apr, 2024 10:13pm

Pakistan

Pakistan aims to agree outline of new IMF loan in May: Finance Minister

Bulk of Pakistan's bilateral debt is being rolled over, Aurangzeb says

Updated 19 Apr, 2024 10:30pm

Pakistan

Aurangzeb pitches bankable projects to attract Saudi, UK investments

Federal Minister for Finance and Revenue Muhammad Aurangzeb, in his meetings with officials of Saudi Arabia and...

Updated 19 Apr, 2024 04:10pm

Markets

Rupee records minor improvement against US dollar

Currency settles at 278.31 against the greenback in inter-bank market

Updated 19 Apr, 2024 07:42pm

Opinion

The upcoming budget

According to a Business Recorder news item, Prime Minister Shehbaz Sharif has constituted an 11-member ministerial...

Published 19 Apr, 2024 05:07am

Opinion

EFF programme, non-inflationary economic growth, and counter-cyclical policy approach

A recent ‘Transcript of Global Financial Stability Report April 2024 press briefing’, carried a rather very...

Published 19 Apr, 2024 05:07am

Minister rules out PKR devaluation

WASHINGTON: Finance Minister of Pakistan Muhammad Aurangzeb has ruled out any further significant rupee devaluation...

Updated 19 Apr, 2024 09:20am

IMF says ready to support, stresses need for reform

IMF's Middle East and Central Asia director says it is important to accelerate the reforms, double down on the structure of reforms in order to provide Pakistan with its full potential of growth

Updated 19 Apr, 2024 09:29am

Markets

Aurangzeb expects to avoid wild rupee devaluation as govt engages IMF: report

Finance minister categorically says he doesn't see need for 'step change' as Pakistan looks for another bailout from IMF

Updated 18 Apr, 2024 10:42pm

Markets

Aurangzeb meets Donald Lu, other US officials

Finance Minister Muhammad Aurangzeb, who is currently in Washington attending World Bank-IMF Spring meetings being...

Updated 18 Apr, 2024 10:41pm

Editorials

Decline in inflation

EDITORIAL: Federal Finance Minister Muhammad Aurangzeb while addressing a think-tank in Washington DC stated that...

Published 18 Apr, 2024 03:24am

‘Kindly refrain from emailing Mr. Porter and Ms. Kozack...,’ IMF tells BR

ISLAMABAD: What is the maximum possible International Monetary Fund (IMF) fresh programme loan that can be extended...

Updated 18 Apr, 2024 09:59am

Aurangzeb-led team to meet US official Donald Lu?

ISLAMABAD: Finance Minister Muhammad Aurangzeb, who is currently in Washington attending World Bank-IMF Spring...

Updated 18 Apr, 2024 09:26am

Pakistan

US urges Pakistan to prioritise, expand economic reforms

State Dept spokesman says support for Pakistan's economic success is unwavering, and we will continue to engage with Pakistan through technical agreements

Updated 17 Apr, 2024 09:01pm

Opinion

IK must revisit his approach to politics

It’s not just that Imran Khan really believed that his letter to the IMF (International Monetary Fund) could make...

Published 17 Apr, 2024 05:28am

Opinion

The way forward for Pakistan

“Rather than going cap-in-hand asking for new finance, the new government and its backers in the establishment and...

Published 17 Apr, 2024 05:28am

Oil price spike threatens IMF global outlook

WASHINGTON: The recent oil price spike fueled by rising Middle East tensions has the potential to derail the IMF’s...

Updated 17 Apr, 2024 09:00am

Editorials

Surge in remittances

EDITORIAL: Remittances in March 2024 soared to 2,953.7 million dollars against 2,250.1 million dollars the month...

Published 17 Apr, 2024 05:28am

24.8pc inflation forecast: IMF projects 2pc growth

ISLAMABAD: The International Monetary Fund (IMF) has projected the GDP growth rate for Pakistan at two per cent for...

Updated 17 Apr, 2024 09:41am

Business & Finance

IMF warns financial risks linger amid ‘soft landing’

WASHINGTON: The International Monetary Fund is cautioning against overexuberance in markets as investors look for...

Published 17 Apr, 2024 05:28am

Pakistan

Aurangzeb explains why Pakistan needs larger, longer IMF programme

Addressing Atlantic Council thinktank, finance minister says execution of structural reforms requires two to three years

Updated 16 Apr, 2024 06:50pm

Pakistan

Pakistan and IMF discussing new multi-billion-dollar programme, finance minister says

Pakistan seeks at least a three-year programme with the IMF, says Aurangzeb

Updated 16 Apr, 2024 10:00pm

Markets

Another record high: KSE-100 closes 230 points higher despite early selling pressure

The KSE-100 Index closed the trading session on Monday in the green as it recovered from the selling pressure...

Updated 15 Apr, 2024 05:43pm

Markets

Rupee registers marginal decline against US dollar

Currency settles at 278.12 against the greenback in inter-bank market

Updated 15 Apr, 2024 07:11pm

IMF: economic team leaves for Washington

The team will request IMF for approval of a new loan programme

Updated 15 Apr, 2024 09:54am

Editorials

‘Special initiative’ for poor districts

EDITORIAL: In a very welcome development, the ministry of planning, development and special initiatives has...

Published 14 Apr, 2024 03:23am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Tokyo Nikkei / May 17	38787.38
Nasdaq / May 17	16685.97
Hang Seng / May 17	19535.61
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 18	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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IMF and Pakistan

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