Moody’s Investors Service on Tuesday kept Pakistan’s ratings unchanged at ‘Caa3’ with a stable outlook but highlighted that significantly high risks of liquidity and external vulnerability challenges following highly controversial elections, severely constrained decision-making capacity of the coalition government-in-waiting. The international rating agency — one of the top three global rating
KARACHI: Political stability and strong corporate results continued driving bullish sentiments on the stock market as a result the KSE-100 index extended its overnight gains to settle above the 63,000-point level on Monday. Ahsan Mehanti of Arif Habib Corporation said the easing of political noise as was reflected in the smooth election of Punjab and Sindh chief ministers ended the uncertainty
KARACHI: Political stability and strong corporate results continued driving bullish sentiments on the stock market as a result the KSE-100 index extended its overnight gains to settle above the 63,000-point level on Monday. Ahsan Mehanti of Arif Habib Corporation said the easing of political noise as was reflected in the smooth election of Punjab and Sindh chief ministers ended the uncertainty
Pakistani currency on Monday hit a four-month high at Rs279.20 against the US dollar in the inter-bank market as it resumed the uptrend on the back of increase in supply of foreign currency compared to its demand for imports. Market talk suggests that dollar inflows surged on account of rise in remittances sent home by overseas Pakistanis and higher export earnings. Exporters scrambled to sell
KARACHI: Pakistan’s commercial banks have continued to freely lend to the cash-strapped government at elevated rates of return, taking their financing to a record high of 93% of total deposits in January 2024. According to data compiled and shared by Optimus Capital Management (OCM), banks’ credit to the private sector, however, remained stagnant at the eight-month low at 44% of deposits in Jan