The Pakistan Stock Exchange (PSX) witnessed a turbulent start to the week, with the benchmark KSE-100 Index closing nearly flat amid rising tensions with India and SBP policy uncertainty. The index dipped steeply in early trading, falling by 1,036 points. However, it made a strong recovery in the second half, mainly supported by the cement sector, while other stocks closed lower. The index closed
Pakistan andtr India laid out contrasting yet complementary visions at the 58th Annual Meeting of the Asian Development Bank (ADB) in Milan, on Monday, with India focusing on digital transformation and long-term development, and Pakistan calling for stronger support to sustain its economic recovery amid structural reforms. Contrary to claims made by some Indian media outlets that the Indian Fin
Gold prices in Pakistan witnessed a sharp increase on Monday, mirroring a global rally in the precious metal as a weaker US dollar and growing safe-haven demand pushed international prices higher ahead of a key policy decision by the US Federal Reserve later this week. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola rose by Rs7,800, reach
Beating the market expectations of a 50 basis points (bps) cut, the State Bank of Pakistan (SBP) has slashed the policy rate by 100 bps to 11%, effective May 6, 2025, reflecting easing inflationary pressures. However, the central bank has highlighted that the broader economic landscape remains fraught with challenges, including sluggish GDP growth, weak large-scale manufacturing, persistent fiscal
Industrialists, traders, and business leaders strongly criticised the State Bank of Pakistan's (SBP) decision during its Monetary Policy Committee (MPC) meeting to cut the interest rate by just 1%, urging swift reduction to single digits without any further delay. Karachi Chamber of Commerce and Industry (KCCI) President Muhammad Jawed Bilwani termed the State Bank of Pakistan (SBP)'s decision