Political violence is not new to Pakistan, but the events ensuing the arrest of Imran Khan upped the ante. In what many termed ‘a grave reaction,’ Pakistan Tehreek e Insaaf zealots also targeted markers of the military during the violent protests last week. The business class believed that the total cumulative loss inflicted by the PTI protesters and the closure of mobile data service by the go
ISLAMABAD: With less than a month to present the next fiscal year’s budget, the government is contemplating holding meetings of the Annual Plan Coordination Committee and the National Economic Council on May 23 and June 1, respectively, to finalise over Rs900bn worth of federal Public Sector Development Programme (PSDP). And even before these events, representing both the Centre and its federa
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