The caretaker government of Prime Minister Anwaarul Haq Kakar has made a record borrowing of almost Rs4 trillion from banks so far. The economy, already crushed under a huge debt burden, may witness an unprecedented increase in borrowings at the end of 2023-24 on June 30 as the amount has already surpassed the total borrowed in the entire FY23. The State Bank of Pakistan’s data showed that t
The Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI) has suggested to the federal government that issuing special passes to truck drivers transporting goods between the two countries can resolve the concern of the security establishment. The PAJCCI has written a letter to the caretaker prime minister and suggested that to streamline and maintain smooth Pak-Afghan trade several measur
Late value-hunting on the back of positive economic numbers propelled the benchmark KSE 100-share index above the 62,000 level on Thursday. Topline Securities Ltd said continuing the overnight momentum, the equities began trading on a negative note as the index made an intraday low at 61,765 levels by losing 215 points. However, at the day’s low, value hunters resorted to cherry-picking whic
The Pakistan Stock Exchange (PSX) has experienced a tumultuous ride, mirroring the frenzy leading up to the upcoming general elections. The once-positive election fervour has morphed into election anxiety, temporarily shattering short-term business confidence, despite the prevailing promising medium-to-long-term outlook. The KSE 100 Index, a benchmark for PSX, witnessed a remarkable 27% surge s
Federal Minister of Interior, Commerce and Industries Dr Gohar Ejaz has announced that Pakistan’s exports remained highly positive in January 2024 as shipments to overseas markets increased 26.9% to $2.786 billion as compared to $2.195 billion in January 2023. Imports, however, decreased 4.5% to $4.665 billion in January against $4.884 billion in the corresponding month of last year. Consequent