The federal government has decided to take chief ministers into confidence before capping or rearranging more than 335 federal-funded provincial projects to create a space of almost Rs150 billion during the current fiscal year. The move is aimed at reducing federal expenditures to successfully complete the final review of the ongoing $3bn IMF programme slated for February with minimum additiona
The national bourse witnessed on Wednesday a tumultuous session as bulls took control of the trading floor early in the day to lift the KSE-100 index to an intraday high of 667 points. But bears entered the market all of a sudden and caused the index to drop the morning gains while plunging it to an intraday low of 2,000 points, said Topline Securities Ltd. However, subsequent value hunting
IN case you are thinking of jumping into the stock market given the sustained gains it has seen since July, be sure to ask yourself a few simple questions before you make any decision. I rarely write about the stock market, and whenever I do, it is not flattering. Especially not when the market is in the middle of registering massive gains. The reason is simple. There is always a catch, and rar
WITH inflation predicted to start easing, the decision taken at the State Bank’s monetary policy committee meeting to hold the key interest rate steady — for the fourth time since June — shows that the SBP is not willing to leave the goal of price stability to chance this time. Its position might appear hawkish and a case of once bitten, twice shy in view of a more stable currency, positive 12-
The State Bank kept the interest rate unchanged at a record 22 per cent on Tuesday for the fourth consecutive meeting, hoping to see a significant decline in inflation in the second half of the fiscal year. Most independent economists and analysts expected the central bank to hold the rate steady due to a surge in the November inflation. The bank’s monetary policy committee (MPC) said that a