Bulls made a comeback at the Pakistan Stock Exchange on Tuesday as share prices closed on the higher side thanks to positive triggers. Arif Habib Ltd said the index of representative shares hit an intraday high of 293.07 points as investors adopted a value-hunting-on-dips strategy. Their enthusiasm was based on the expectation of a positive outcome from the ongoing negotiations between the gove
IN her remarks to a German broadcaster on the sidelines of the Munich Security Conference last week, IMF managing director Kristalina Georgieva set out the agenda for good fiscal governance in Pakistan. “What we are asking for are steps that Pakistan needs to take to be able to function as a country and not to get into a dangerous place where its debt needs to be restructured,” she said. Her ad
The world of stablecoins is suddenly looking shaky. Seismic shifts may be afoot in the $137 billion market after New York-based Paxos Trust Company, which mints Binance’s stablecoin, said it would cease issuing new BUSD tokens after US regulators labelled the asset an unregistered security. The US move has left investors questioning the future shape of the market for stablecoins, tokens that
The former governor of the State Bank of Pakistan (SBP), Dr Ishrat Husain, sounded uncharacteristically upset one morning in November 2021. His mood was in contrast with the upbeat feel of the campus at the Institute of Business Management (IBA), where seasoned bankers in sharp suits and flowing beards had gathered to take part in a conference on Islamic banking, a rather mundane affair the promot
Pakistan joined 26 other nations on Monday in urging US lawmakers to expedite legislation for the renewal of the Generalised System of Preference (GSP) programme for developing countries. Instituted in 1971, with support from the United Nations Conference on Trade and Development, GSP is a tariff waiver programme on nearly 5,000 products from over 120 countries. Pakistan is a member of the 2