Gold outperformed all major investment avenues by a significant margin in 2022, a research note issued by Topline Securities showed on Tuesday. It was followed by one-year (dollar-based) Naya Pakistan Certificates and the US currency as the best-performing assets in the outgoing year. These three asset classes provided returns that were higher than the estimated average inflation of around
Shares at the Pakistan Stock Exchange (PSX) opened the week in green, with the benchmark KSE-100 index gaining 485.96 points. The index closed at 40,155.16 points, up 1.23 per cent. It reached an intraday high of 698.23 points, or 1.76pc, around 10:45am. Analysts attributed the stock market’s rise to the government’s steps to reduce circular debt in the gas sector, including the formation of
PAKISTAN is one of the most agriculturally endowed countries, yet we cannot feed ourselves, let alone aspire to be counted among the world’s major food exporters. Our governance system and successive economic policies, including agricultural ones, have led us to a dead end, with total exports of only $30 billion to offset the about $80bn in goods we imported in the financial year 2021-22. Those
By every measure, 2022 has been a pretty tumultuous year for Pakistan. On the political front, it saw the first vote of no confidence being passed in parliament, removing former prime minister Imran Khan’s government. The massive protests that followed seem to have put an irreparable dent in the establishment’s role and status. However, all those developments pale in comparison to the economic
WITH the country’s foreign exchange reserves depleting to dangerous levels, all eyes are on the government to see how its negotiations with the IMF pan out. Friday’s pages carried a concerning report on the State Bank’s forex holdings, which stood at just $6.1bn after the week that ended Dec 16. The central bank cited continuing repayments of external debt as the reason behind the sustained dec