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Web Desk
Feb 12, 2024

Last tranche: IMF to negotiate only with the new government

The IMF delegation has reportedly disinclined to negotiate with the caretaker government, preferring to engage with the incoming elected government.

Business

Web Desk
Feb 12, 2024

Stock Market plummets 1,405 points following election day

Today (Monday), the index opened at 62,943.74 points. By 2 PM, the benchmark KSE-100 index had fallen to 61,133.92 points.

Business

Web Desk
Feb 10, 2024

Nawaz Sharif should accept defeat: JUI-F leader

Mufti Kifayatullah said that there were no unfair practices in the constituency and Shahzada Gustashap won fair and sqaure.

Business

Web Desk
Feb 10, 2024

Political uncertainty triggers a significant drop in Pakistan’s dollar bonds

Pakistan’s dollar bonds due in 2051 experienced a significant decline, marking the most substantial decrease since July 2023.

Business

Web Desk
Feb 10, 2024

SBP reports $173 million weekly dip in forex reserves

SBP reported a decline of $173 million in its foreign exchange reserves over the course of the week, reaching $8.04 billion as of February 2.

Business

Web Desk
Feb 09, 2024

Stock Market plummets 1,405 points following election day

However, on Friday – after General Elections on Thursday – Pakistan Stock Exchange (PSX) plummeted 1,405 points within an hour of trading.

Business

Web Desk
Feb 09, 2024

S&P considers upgrading Pakistan’s credit rating

S&P Global Ratings, a renowned credit rating agency, has suggested the potential upgrading of Pakistan’s credit rating following the outcomes of the February 8 general elections, signalling optimism for the nation’s economic future.

Business

Web Desk
Feb 09, 2024

Former SBP governor flags inflation as key hurdle for new administration

Dr Reza Baqir, emphasised the need for the incoming government to engage in negotiations with the International Monetary Fund (IMF) and tackle the challenge of inflation.