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IMF and Pakistan

IMF shareholders deeply divided over Pakistan, other countries request to suspend loan surcharges

Executive board discussed surcharges it collects from mostly middle- and lower-income countries on larger loans that are not repaid quickly, but failed to agree to launch a formal review

Updated 13 Dec, 2022 06:09pm

PM rejects default speculations with much vehemence

Says government has taken much needed measures to save Pakistan from default

Updated 13 Dec, 2022 09:43am

Govt expects multibillion-dollar support from KSA

ISLAMABAD: Finance Minister Ishaq Dar said on Monday that total payable till June on account of external account is...

Updated 13 Dec, 2022 09:37am

Export-oriented sectors: All set for study on ‘concessionary’ RLNG

ISLAMABAD: The Directorate General Audit Petroleum and Natural Resources, an arm of Ministry of Energy (Petroleum...

Updated 13 Dec, 2022 09:44am

Opinion

PML-N versus PML-N

The markedly different perceptions of the state of the Pakistan economy today between PML-N’s stopgap finance...

Updated 12 Dec, 2022 06:40am

Opinion

Economy: this madness must end

As of last week, forex reserves held with the central bank declined to $6.7 billion. The International Monetary Fund...

Updated 12 Dec, 2022 06:44am

Markets

PKR registers minor appreciation

KARACHI: The rupee registered minor depreciation across all five sessions during the previous week to end with a...

Published 12 Dec, 2022 06:07am

Editorials

Economy: situation in need of genuine mediation

EDITORIAL: That the situation is getting more and more complicated and mysterious is a fact. With State Bank of...

Published 12 Dec, 2022 06:07am

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

Now ‘elite capture’ must end

EDITORIAL: The date for the elections is under considerable debate with Pakistan Tehreek-e-Insaf (PTI), one of three...

Updated 09 Dec, 2022 06:40am

Editorials

Elections in June 2023?

EDITORIAL: In our disorderly national politics not everything is what meets the eye. The ruling PDM (Pakistan...

Updated 09 Dec, 2022 06:42am

Business & Finance

World Bank puts country’s external debt stock by end-2021 at $130.433bn

ISLAMABAD: The World Bank has estimated Pakistan’s total external debt stocks at $130.433 billion by end-2021...

Published 07 Dec, 2022 07:01am

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

‘Funding’ major challenge to achieve SDGs, says Aisha Pasha

ISLAMABAD: Minister of State for Finance Dr Aisha Ghaus Pasha has said that funding is a major challenge in ...

Updated 07 Dec, 2022 09:49am

Pakistan

Finance Division dismisses rumours over supposed economic emergency proposals

Says negotiations leading to the 9th review of IMF programme now at an advanced stage

Published 06 Dec, 2022 09:42pm

Opinion

Is default in prospect?

The economy is closing in external payment ‘implied default’ situation. This means that with SBP’s (State Bank of...

Published 05 Dec, 2022 06:13am

Opinion

Inflation: the fault is in ourselves

Inflation has reached politically untenable levels in the ongoing year, considerably higher than the high rates...

Published 05 Dec, 2022 06:09am

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

Business & Finance

Govt exhorted to seek IMF-led debt restructuring for 3-5 years

KARACHI: A large external financing gap, challenging global financial markets, devastating floods, and political...

Updated 04 Dec, 2022 12:53pm

Business & Finance

SBP repays $1bn bond before due date

The State Bank of Pakistan (SBP) paid back $1 billion against Sukuk bonds on Friday, three days before its...

Updated 03 Dec, 2022 01:21pm

Editorials

Struggling labour market

EDITORIAL: The government is lucky to the extent that, once again, international institutions like ILO ...

Published 03 Dec, 2022 05:50am

‘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

Pakistan

As IMF funding delayed, Pakistan expects $3bn from friendly country

Finance Minister says Pakistan will make alternate arrangements if IMF delays $1bn tranche

Updated 03 Dec, 2022 12:53am

Business & Finance

Remittances may drop by 7.4pc to $29bn: World Bank

ISLAMABAD: Remittances are expected to drop by 7.4 percent to $29 billion in 2022 from $31 billion in 2021, as loss...

Updated 02 Dec, 2022 10:21am

Opinion

Non-austerity policy needed for resilient, inclusive, sustainable growth

The world is fast entering deep recesses of environmental, public health, and economic crises. Virtually, over the...

Published 02 Dec, 2022 05:47am

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

Role of LPG in gas crisis – II

Gas tariff and subsidies. Gas and electricity prices are politically sensitive issues. The IMF compares prices in ...

Updated 01 Dec, 2022 06:20am

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

BR Research

IMF: delayed again?

Once again, the IMF review under the ongoing program has fallen into limbo. This has happened with every change in...

Published 30 Nov, 2022 08:47am

Pakistan

Pakistan’s November CPI expected to decline marginally: finance ministry

In its monthly outlook, ministry says inflationary pressure was expected to ease marginally month-on-month due to smooth domestic supplies, unchanged energy prices in November and a stable exchange rate

Published 29 Nov, 2022 09:41pm

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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