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IMF deal

As Islamabad scrambles, Dar meets US ambassador to alleviate concerns on Pakistan’s budget

Finance minister says measures for fiscal year 2023-24 are aimed at reducing fiscal gap in order to meet national as well as international financial obligations

Updated 21 Jun, 2023 05:25pm

Markets

China has come to Pakistan’s rescue as IMF programme faces ‘inordinate delay’: PM Shehbaz

Remarks made during MoU signing ceremony of a 1,200MW Chashma 5 (C5) nuclear power project

Updated 20 Jun, 2023 08:17pm

Markets

IMF’s criticism of Pakistan’s budget raises default odds: Bloomberg

If IMF aid doesn’t come this month, it expects growth to be much weaker in fiscal 2024 than the current forecast of 2.5%

Updated 19 Jun, 2023 08:07pm

Markets

KSE-100 plunges nearly 700 points due to IMF uncertainty

Selling pressure increases in final hours of session

Updated 19 Jun, 2023 07:45pm

Pakistan

In tit-for-tat response, Pakistan says FY24 budget ‘was never a part of IMF 9th review’

Govt says it is committed to IMF programme, wants to at least complete pending review

Updated 16 Jun, 2023 08:19pm

Pakistan

Pakistan’s time being wasted, says Dar in reference to delay in IMF funding

Says global institutions want Pakistan to default like Sri Lanka and then enter negotiations

Updated 15 Jun, 2023 10:25pm

Pakistan

IMF comes down hard on Pakistan’s budget proposals

Says draft misses opportunity to broaden tax base in progressive way
Criticises new tax amnesty scheme that runs against IMF programme’s conditionality/governance agenda, and creates a damaging precedent

Updated 15 Jun, 2023 09:00am

PM still hopeful of successful IMF agreement

Says if the agreement delays further due to ‘any reason’, he will apprise the nation

Updated 12 Jun, 2023 09:19am

Pakistan

Hopeful IMF deal would be signed this month: PM Shehbaz

Says Pakistan awaits release of pending disbursement of $2.5 billion

Updated 11 Jun, 2023 09:53pm

Markets

Pakistan now hopes to ink deal with IMF before budget on Friday: report

Programme has been stalled at the ninth review since November last year with statements from officials insisting bailout is on track and will be revived soon

Updated 06 Jun, 2023 05:24pm

PM sees IMF deal materialising this month

ISLAMABAD: Prime Minister Shehbaz Sharif has said that his government has been able to navigate the challenges faced...

Updated 06 Jun, 2023 08:49am

Pakistan

Ninth review: fresh financing requirements unchanged, says IMF

Resident representative says 'no truth to reports that IMF is asking Pakistan to raise $8bn in fresh financing'

Published 14 May, 2023 05:58pm

Pakistan

IMF stresses on ‘staying within agreed policy framework, securing financing’

Washington-based lender says it has taken note of recent (political) developments, and hopes peaceful way forward is found

Updated 14 May, 2023 06:00pm

Pakistan

Public debt-to-GDP ratios have continued to rise in Pakistan: IMF

ISLAMABAD: The public debt-to-GDP ratios have continued to rise in Pakistan, reflecting the combination of...

Published 04 May, 2023 07:37pm

BR Research

HBL: Record profits in tough times

This may well be the toughest time in Pakistan’s economic history, but looking at HBL’s 1QCY23 results would let...

Published 02 May, 2023 09:20am

Editorials

IMF deal: many a slip between the cup...

EDITORIAL: The IMF’s (International Monetary Fund’s) ninth review is pending for as long as Ishaq Dar is the...

Published 01 May, 2023 03:28am

UAE promises $1bn to get IMF deal on track

China has released $300m: Dar

Updated 15 Apr, 2023 08:50am

BR Research

What’s beyond SLA?

The IMF deal is still stuck. The Staff Level Agreement (SLA) is yet to be completed. It’s highly likely that SLA...

Published 09 Mar, 2023 07:25am

Pakistan

Measures to revive IMF deal: President Alvi advises taking parliament into confidence 'more appropriate'

Finance Division statement says the president has called for an immediate session so that bill is enacted without delay

Updated 14 Feb, 2023 11:34pm

Pakistan

Fitch Ratings downgrades Pakistan’s foreign-currency IDR to ‘CCC-’

Says default or debt restructuring is an increasingly real possibility

Updated 14 Feb, 2023 07:39pm

IMF, govt look to reach deal

ISLAMABAD: Talks between the International Monetary Fund and Pakistan will resume virtually on Monday, a Pakistani...

Updated 14 Feb, 2023 09:04am

Pakistan

IMF mission to visit Pakistan in November

IMF is encouraging Pakistan to move from an untargeted subsidy that is a waste of resources, says Fund's official

Updated 14 Oct, 2022 11:19pm

Markets

Finance ministry estimates flood losses at $18.5bn: Miftah Ismail

Finance minister assures textile sector that govt will supply cotton and fuel 'no matter what we have to do'

Updated 10 Sep, 2022 10:24pm

BR Research

More instability?

It is apparent that even the devastating floods, whose losses continue to mount, have failed to lower the political...

Published 09 Sep, 2022 08:33am

Pakistan

Pakistan should seek relief from IMF, ask Russia for cheap oil: Shaukat Tarin

Former finance minister says govt needs to focus on providing relief to people in the wake of devastating floods

Updated 03 Sep, 2022 04:53pm

Markets

Rupee settles with marginal drop against US dollar

Closes at 214.95 in inter-bank market on Thursday

Updated 18 Aug, 2022 09:04pm

Pakistan

Extended Fund Facility: Pakistan receives Letter of Intent from IMF

Board meeting expected at the end of August

Updated 12 Aug, 2022 08:11pm

Markets

7th successive gain: Rupee closes at 221.91 against US dollar

Currency has strengthened over 8% since hitting its all-time low in inter-bank market last month

Updated 10 Aug, 2022 08:01pm

Pakistan

Dollar’s value to be below Rs200 after IMF deal: Ahsan

LAHORE: Terming appreciation in the dollars’ worth against Pak rupee as ‘artificial and speculative’, Federal...

Updated 31 Jul, 2022 09:58am

Pakistan

Pakistan’s GDP growth projected to 'recover slightly' in FY23: ADB

Asian Development Outlook Supplement highlights SBP among most aggressive central banks in region

Updated 21 Jul, 2022 06:18pm

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 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
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42
France CAC40 / May 17	8167.50
Tokyo Nikkei / May 20	39197.34

Item	Value
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Petrol/Litre / May 20	273.10
Crude Oil USD/Barrel / May 20	80.09
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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IMF deal

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