SBP maintains key interest rate at 22pc for fifth time in a row – Business
The State Bank of Pakistan (SBP) on Monday held its key rate at 22 per cent for the fifth policy meeting in a row. Addressing a press conference in Karachi, SBP Governor Jameel Ahmad said the central bank’s Monetary Policy Committee (MPC) had estimated the full year average inflation to be between 23-25 pc for […]
Shares at PSX lose over 1,000 points on foreign selling ahead of MPC meeting – Business
Bears took charge of the Pakistan Stock Exchange (PSX) on Monday as the benchmark KSE-100 index lost over 1,000 points on foreign selling ahead of the Monetary Policy Committee (MPC) meeting. According to the PSX website, the KSE-100 benchmark index lost 630.11 or 0.99 per cent at 11:23am to stand at 63,182.95 from the previous […]
Shares at PSX lose over 1,000 points in intraday trade – Business
Bears took charge of the Pakistan Stock Exchange (PSX) on Monday as the benchmark KSE-100 index lost over 1,000 points during intraday trade. According to the PSX website, the KSE-100 benchmark index lost 630.11 or 0.99 per cent at 11:23am to stand at 63,182.95 from the previous close of 63,813.06. By 3:30pm, the index further […]
Shares at PSX lose over 600 points in intraday trade – Business
Bears took charge of the Pakistan Stock Exchange (PSX) on Monday as the benchmark KSE-100 index lost over 700 points in early morning trade. According to the PSX website, the KSE-100 benchmark index lost 630.11 or 0.99 per cent at 11:23am to stand at 63,182.95 from the previous close of 63,813.06. Mohammed Sohail, chief executive […]
National Economic Council set to assess cuts to uplift funding today – Business
• IMF estimates Rs175 billion reduction in consolidated development programme• Caretakers review proposals even as elected govt is set to take helm well ahead of budget ISLAMABAD: With the IMF estimating a Rs175 billion cut in the consolidated development programme of the federal government and provinces, the caretakers in the Centre are seeking over Rs201bn […]
Shares at PSX lose nearly 500 points on profit-taking – Business
Bears continued to dominate the trading floor of the Pakistan Stock Exchange (PSX) on Friday as shares traded in the red and lost nearly 500 points. According to the PSX website, the KSE-100 index closed at 63,813.06 points, down 484.94 or 0.75 per cent from the previous close of 64,298.00. After rallying for three consecutive […]
Shares at PSX lose 500 points on ‘uncertainty over circular debt’ – Business
Bears returned to the trading floor of the Pakistan Stock Exchange (PSX) on Thursday as shares traded in the red and lost more than 500 points. According to the PSX website, the KSE-100 index closed at 64,298 points, down 524.43 or 0.81 per cent, from the previous close of 64,822.43. The index had previously maintained […]
Ready to upgrade CPEC, says Beijing – Business
BEIJING / ISLAMABAD: China has said it is ready to work with Pakistan to upgrade the China-Pakistan Economic Corridor (CPEC) and accelerate the building of an even closer China-Pakistan community with a shared future in the new era. Separately, caretaker Prime Minister Anwaarul Haq Kakar said after having achieved the first phase of CPEC, Pakistan […]
KSE-100 index gains over 300 points – Business
The bull took charge at the Pakistan Stock Exchange (PSX) on Wednesday as shares climbed over 300 points on positive investor sentiment. According to the PSX website, at 12:04pm, the benchmark KSE-100 index climbed 512.78 points, up by 0.8 per cent, to stand at 64,967.0 from the previous close of 64,454.22. The bourse retracted marginally […]
Bulls return to PSX as shares gain over 300 points – Business
The bull took charge at the Pakistan Stock Exchange (PSX) on Wednesday as shares climbed over 300 points on positive investor sentiment. According to the PSX website, at 12:04pm, the benchmark KSE-100 index climbed 512.78 points, up by 0.8 per cent, to stand at 64,967.0 from the previous close of 64,454.22. The bourse retracted marginally […]