Shares at the Pakistan Stock Exchange (PSX) recovered some of their losses from a day earlier on Wednesday as the benchmark index started gaining shortly before trading ended. The benchmark KSE-100 index rose 448.88 points, or 1.17 per cent, to close at 38,791.09 points. It reached an intraday high of 38,945.97 points, up 603.76 points, or 1.57pc, around 3:28pm. “The market was in the overso
OUR inflation data compiled by the Pakistan Bureau of Statistics (PBS) is one the best datasets in the country. Its coverage is wide and not only does it follow data quality standards but also maintains excellent dissemination standards. Look at the various indices compiled: NCPI, UCPI, RCPI, UCPI-NFNE, RCPI-NFNE, UCPI-Trim, RCPI-Trim, WPI and SPI. These are the consumer price indices for the c
AFTER the extended rout at the Pakistan Stock Exchange over the past few sessions, there are few doubts about how the PDM government’s management of the economy is being viewed on the street. Since last Friday, the benchmark KSE-100 Index has shed around2,000 points (about 5pc) due to panic triggered by the PTI’s decision to dissolve the KP and Punjab assemblies, as well as speculation that the
State Bank of Pakistan (SBP) Governor Jameel Ahmad said on Wednesday that the country would start receiving US dollar inflows from next week, which would help shore up the central bank’s rapidly depleting foreign exchange reserves. Addressing businessmen at the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), he acknowledged that the country’s reserves had fallen quite low but
Concerns over the country’s financial deterioration echoed in the Senate on Tuesday, with a treasury lawmaker calling for a parliamentary probe into the causes of economic downfall over the past 10 years. The ruling Pakistan Muslim League-Nawaz (PML-N) Senator Irfan Siddiqui suggested forming a committee comprising lawmakers to review the causes of economic downfall since 2013. In a wide-ran