Pakistani shares witnessed another bullish day on the stock exchange as the benchmark index of major listed companies stayed in the positive range throughout trading hours on Wednesday. Topline Securities Ltd said the extended momentum can be attributed to crucial talks with the International Monetary Fund (IMF) that are scheduled to begin on today (Thursday) under the $3bn Stand-By Arrangement
The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index crossed the 52,000 barrier on Wednesday, after gaining more than 400 points. The index gained 422.36 points, or 0.81pc, to close at 52,342.63 points from the previous 51,920.27. Yesterday, share prices had risen on the maintenance of the monetary policy status quo announced on Monday. The State Bank of Pakistan (SBP) sustained its p
THIS could be a case study in how not to do things. Common sense tells us that when problems are left to fester for long, they can grow in scale and complexity. Having postponed inevitable adjustments for long periods of time, a moment arrives when the necessary adjustment has to be undertaken in panic, in a short period of time, without the luxury of staggering out its impact, or embedding it wit
Pakistan Peoples Party (PPP) on Wednesday strongly opposed the caretaker government’s plan to privatise national assets such as Pakistan International Airlines (PIA) and Pakistan Steel Mills (PSM). “Institutions like PIA and Steel Mills are assets of the motherland, and PPP has always opposed the privatisation of PIA and will continue to do so,” PPP’s information secretary Faisal Karim Kundi sa
Pakistan’s merchandise exports increased for the second month in a row after a year-long downward trend, data released by the Pakistan Bureau of Statistics showed on Wednesday. In absolute terms, the export proceeds were recorded at $2.70bn in October against $2.38bn over the corresponding month of last year, indicating a growth of 13.55pc. However, on a month-on-month basis, the export proceed