Finance ministry, IMF begin second review of Pakistan’s standby arrangement – Business
The finance ministry and a delegation of the International Monetary Fund (IMF) on Thursday kicked off the second and last review of Pakistan’s $3 billion standby arrangement with the body. The ministry had said a day ago the review would be a four-day affair and hoped for a for a successful IMF staff-level agreement after […]
Shares at PSX reverse losses, up more than 1,000 points on hopes of rate cut – Business
After two consecutive sessions of selling pressure, some positivity returned to the Pakistan Stock Exchange (PSX) on Thursday after it gained more than 1,000 points in intraday trade. The KSE-100 index gained by 1,015.82 points, or 1.59 per cent, to close at 65,064.26 from the previous close of 64,048.44. Yousuf M. Farooq, director of research […]
Shares at PSX reverse losses, up more than 1,000 points in intraday trade – Business
After two consecutive sessions of selling pressure, some positivity returned to the Pakistan Stock Exchange (PSX) on Thursday after it gained more than 1000 points in intraday trade. The KSE-100 index gained by 1015.82 points, or 1.59 per cent, to stand at 65,064.26 from the previous close of 64,048.44 at around 1:42pm. Yousuf M. Farooq, […]
Shares at PSX reverse losses, up more than 500 points in intraday trade – Business
After two consecutive sessions of selling pressure, some positivity returned to the Pakistan Stock Exchange (PSX) on Thursday after it gained more than 500 points in intraday trade. The KSE-100 index gained by 584.96 points, or 0.91 per cent, to stand at 64,633.40 from the previous close of 64,048.44 at around 12:30pm. Yousuf M. Farooq, […]
Aurangzeb emphasises digitalisation of tax system – Business
ISLAMABAD: Finance Minister Muhammad Aurangzeb on Wednesday stressed the urgent need for digitalisation of the Federal Board of Revenue (FBR) to enhance transparency and efficiency in tax collection. During an introductory meeting with tax officials at the FBR headquarters, the minister deliberated on a range of proposals, a key one being the inclusion of retailers’ […]
IMF to arrive in Pakistan for bailout review, says finance ministry – Business
An International Monetary Fund (IMF) mission is arriving in Pakistan for a second and last review of a $3 billion standby arrangement this week, the finance ministry said on Wednesday. The four-day review begins on Thursday, said the ministry. Islamabad secured the last-gasped rescue package last summer to avert a sovereign default. “Pakistan has met […]
IMF team arriving in Pakistan for bailout review: report – Business
An International Monetary Fund (IMF) mission is arriving in Pakistan on Wednesday for a second and last review of a $3 billion standby arrangement, two sources said. The four-day review begins on Thursday, said the two finance ministry officials, who were speaking on condition of anonymity because they were not authorised to disclose the information. […]
PSX plunges by 953 points ahead of MPC meeting – Business
Bears dominated the Pakistan Stock Exchange (PSX) on Tuesday and dragged its benchmark index down sharply by 953 points by the day’s end. The KSE-100 index dropped by 953.60 points, or 1.45 per cent, to stand at 64,801.70 from the previous close of 65,755.30. It had reached a low of 64,64.66. Finally, the index closed […]
PSX plunges by 953 points in intraday trade – Business
Bears dominated the Pakistan Stock Exchange (PSX) on Tuesday and dragged its benchmark index down sharply by 953 points by the day’s end. The KSE-100 index dropped by 953.60 points, or 1.45 per cent, to stand at 64,801.70 from the previous close of 65,755.30. It had reached a low of 64,64.66. Yesterday, the index had […]
PSX plunges 900 points in intraday trade – Business
Bears continued to dominate the Pakistan Stock Exchange (PSX) on Tuesday and dragged its benchmark index down sharply by over 700 points in intraday trade. At around 1:38, the KSE-100 index dropped by 953.60 points, or 1.45 per cent, to stand at 64,801.70 from the previous close of 65,755.30. It had reached a low of […]