Market sentiments remained predominantly positive in the outgoing week. Arif Habib Ltd said the mood was bolstered by significant developments on economic and political fronts. The Election Commission of Pakistan announced the general election would be held in the last week of January 2024. The announcement helped address uncertainty in the market. Moreover, the cut-off yield in the latest a
MONETARY POLICY in Pakistan follows an eclectic approach that often shifts between prioritising price stability and economic growth. Currently, we are trapped in a situation where we have neither achieved low and stable inflation nor desirable economic growth. A transparent monetary policy is one in which the central bank clearly communicates its commitment to a goal — in Pakistan’s case achiev
IT is Pakistan’s moment of reckoning. Words of warning are pouring in to remind the leadership and the people that the country continues to face existential challenges. The other day, the IMF chief urged the caretaker prime minister and Pakistanis to collect taxes from the wealthy and subsidise the poor, who are being crushed under the soaring cost of living. On Friday, Najy Benhassine, Worl
THE army-backed crackdown on illegal dollar trade appears to have stopped the black market activities in the country’s foreign exchange market — at least for now. Money changers say there are more sellers in the market now than buyers as the ‘confidence in the home currency returns’, with the dollar weakening in the interbank by nearly five per cent from its historic peak of 307.10 earlier this mo
Amid the rupee strengthening and the government’s intention to bring down the dollar rate to Rs250-260 soon, the country’s auto assemblers appear a bit reluctant to pass on the benefit of the currency appreciation to the consumers. When Dawn contacted assemblers to take their viewpoint regarding any chance of price drop in locally assembled vehicles, their quick answer was “No.” Consumers wi