Pakistan’s external financing requirements have not been changed in talks with the International Monetary Fund over bailout funds, the IMF resident representative in Pakistan said, denying local media reports that the Fund was seeking fresh financing. “There is no truth to reports that the IMF is asking Pakistan to raise $8 billion in fresh financing,” Esther Prez Ruiz said in a text message se
Share prices reversed their downward trend on Thursday owing to positive signals on the macroeconomic front. Topline Securities said the benchmark of representative shares opened on a positive note and hit an intraday high of 424 points after the International Monetary Fund (IMF) stated that it remained engaged with Pakistan on the restoration of the stalled Extended Fund Facility programme.
A new trading system is set to go live on the Pakistan Stock Exchange on May 15, the national bourse said on Thursday. The planned rollout of the Designated Time Schedule (DTS), a trading and surveillance platform meant for securities listed on the PSX, follows the botched implementation of the same software back in October 2021. Speaking to Dawn on Thursday, Pakistan Stockbrokers Associatio
The Securities and Exchange Commission of Pakistan (SECP) registered 1,760 new companies with a total paid-up capital of Rs2.9 billion in April, bringing the total number to 191,924. Approximately 57 per cent of businesses registered in April were private limited companies, 41pc as single-member businesses, and 2pc companies were registered as limited liability partnerships, not-for-profit orga
Sales of cars, light commercial vehicles, jeeps and vans plunged by over 80 per cent year-on-year (YoY) to 4,463 units in April amid growing economic and political uncertainties. As a result, the sales halved to 114,868 units in the first 10 months of the current fiscal year compared to 227,995 units in the same period last fiscal year. On month-on-month (MoM), the sales stood lower by 52pc in