Pakistan Stock Exchange (PSX) dropped over 200 points owing to profit-taking in selected shares on Monday amid economic uncertainty and worries over the outcome of regulatory oversight of stock trading. In the morning, the KSE-100 index opened on a positive note, reaching its intra-day high of 79,014.68 points. However, the early gains proved short-lived as the market quickly reversed course du
Speculation among salt traders about a potential surge in salt exports to Bangladesh has intensified recently, driven by political developments in Bangladesh and environmental factors affecting salt production in India, the largest supplier to the Bangladeshi market. Industry insiders report a noticeable increase in quotation requests from Bangladeshi traders, largely due to Bangladesh's recent
Pakistan's exports increased by double digits to $5.1 billion during the first two months of this fiscal year, helping to contain the trade deficit to $3.6 billion amid uncertainty over the timing of a new external bailout package. Some argue that due to the overall deterioration in Pakistan's economic, political, and security situation, even an IMF deal might not be of much help package. Th
The Pakistani rupee ticked down by Rs0.06 to close at a two-week low of Rs278.70 against the US dollar in the interbank market on Tuesday, marking the second consecutive day of decline. According to data from the State Bank of Pakistan (SBP), the domestic currency has cumulatively depreciated by Rs0.16 against the dollar over the past two days. In the open market, the Exchange Companies Associa
The International Monetary Fund (IMF) has slapped Pakistan with a slew of new conditions regarding energy subsidies and provincial budgets after Punjab took a "fiscally reckless" decision to give Rs45 to Rs90 billion electricity subsidies for two months. Government sources told The Express Tribune on Monday that the global lender imposed at least three critical-nature conditions on the Punjab g