Pakistan Stock Exchange (PSX) on Monday surged to unprecedented highs with the addition of over 700 points and at one stage crossed the 74,000 psychological barrier over optimism surrounding the outcome of loan talks between Pakistan and the International Monetary Fund (IMF). In the morning, the KSE-100 index endured a lacklustre start when the KSE-100 index touched the intra-day low at 73,109.
Federal Commerce Minister Jam Kamal Khan reiterated the government’s commitment to facilitating trade, industry, and export diversification on Monday. He stated that measures were being devised to promote both local and export-oriented industries. Addressing a media briefing at the Trade Development Authority of Pakistan (TDAP), the commerce minister highlighted the government’s determination t
Foreign portfolio investors are gradually returning to Pakistan’s debt and equity markets after a prolonged absence, marking a significant shift in market sentiment. The short-term external investment has surged by a remarkable 84%, catapulting to a 30-month high, now standing at Rs501.30 billion. According to the weekly update from the State Bank of Pakistan (SBP), the overall investment hit rock
Foreign portfolio investors are gradually returning to Pakistan’s debt and equity markets after a prolonged absence, marking a significant shift in market sentiment. The short-term external investment has surged by a remarkable 84%, catapulting to a 30-month high, now standing at Rs501.30 billion. According to the weekly update from the State Bank of Pakistan (SBP), the overall investment hit rock
The ex-depot petrol rate may decline by Rs13.40 per litre, and high-speed diesel (HSD) by Rs8.19 per litre for the next fortnight starting from May 16, according to an estimate. The premium on petrol is expected to be around $10.30 per barrel, and $6.50 per barrel on HSD, while the exchange rate adjustment is expected to be 12 paisa. However, there are still three days left for the announcement