Inflation may ease to 23.5-24.5pc in March: finance ministry – Business
The Ministry of Finance has anticipated that inflation will experience a gradual decline from this month primarily due to a decrease in the prices of perishable items. Inflation is projected to hover around 24.5-25.5 per cent in February, with expectations of a further easing to 23.5-24.5pc in March, the ministry said in its Monthly Economic […]
PSX continues bullish run, gains over 800 points – Business
Bulls dominated the trading floor on Thursday as shares gained over 800 points, which analysts attributed to “clarity on the formation of the new government” and the swearing-in of MNAs. According to the PSX website, the KSE-100 index gained 873.38, or 1.37 per cent, to stand at 64,576.82 at 11:43am from the previous close of […]
Bullish momentum continues at PSX as shares gain 800 points in intraday trade – Business
Bulls dominated the trade floor on Thursday as shares gained 900 points in intraday trade, which analysts attributed to “clarity on the formation of the new government” and the swearing in of MNAs. The KSE-100 index gained 873.38, or 1.37 per cent, to stand at 64,576.82 at 11:43am from the previous close of 63,703.44 points. […]
US urges Pakistan to ‘continue working with IMF’ – Business
The United States had urged Pakistan to “continue working with the International Monetary Fund (IMF) and other international financial institutions towards macroeconomic reforms” for economic stability for Pakistanis. The remarks come after the PTI wrote a letter to the Fund urging the lender to endorse an audit of the 2024 elections for the sake of […]
What awaits the new PM – Business
UNLESS things have gone horribly wrong, Pakistan should be getting a new prime minister very soon after the National Assembly session today. The new prime minister should know what awaits him as he enters office. Here is a brief rundown. The economy has stabilised since Shehbaz Sharif was last prime minister. In his closing days, […]
Fuel prices likely to rise by up to Rs4 per litre – Business
ISLAMABAD: The prices of petrol and high-speed diesel (HSD) are estimated to increase by Rs1-4 per litre on Thursday (February 29) for the next fortnight due to minor adjustments in international prices, import premiums, and the exchange rate. Informed sources said that the prices of both major petroleum products — petrol and HSD — moved […]
PTI calls on IMF to link grant of financial facility with ‘good governance’ – Business
The PTI on Wednesday wrote a letter to the International Monetary Fund (IMF), calling on the global lender to ensure that its guidelines regarding “good governance as well as conditionalities” were satisfied before granting a financial facility to Pakistan. It also demanded an election audit of “at least 30 per cent of the national and […]
India says no new deals at WTO without key US concession – Business
India will only finalise new deals at a World Trade Organisation (WTO) ministerial meeting if the United States stops blocking an agreement on a dispute settlement mechanism, New Delhi’s trade minister said on Wednesday. Delegates are hoping for progress on issues such as fisheries and agriculture at the WTO’s 13th ministerial meeting, underway in Abu […]
Shares at PSX rally 480 points over ‘clarity’ on govt formation – Business
Shares at the Pakistan Stock Exchange (PSX) traded in the green on Wednesday as stocks gained nearly 500 points, with analysts attributing the rally to “robust results” of companies and “clarity” on government formation. The KSE-100 index gained 507.79, or 0.8 per cent, to stand at 63,726.88 at 11:46am from the previous close of 63,219.09. […]
Shares rally more than 450 points at PSX – Business
Shares at the Pakistam Stock Exchange (PSX) traded in the green on Wednesday as stocks gained 500 points in early morning trade, with analysts attributing the rally to “robust results” of companies and clarity on government formation. The benchmark KSE-100 index gained 507.79, or 0.8 per cent, to stand at 63,726.88 at 11:46am from the […]