Shares at the Pakistan Stock Exchange (PSX) bounced back in style on Wednesday, climbing more than 4,600 points and posting its highest-ever single-day gain, just a day after it witnessed a massive sell-off due to political unrest. The bourse’s remarkable turnaround was made possible by the conclusion of street confrontations between PTI protestors and law enforcement agencies in Islamabad foll
THE state may have succeeded in pushing the protesters back from the streets of the capital on Tuesday night, but consider what it took to make that happen. Even before the crowds had departed, the scale of the lockdown in Punjab was perhaps unprecedented, even compared to the pandemic. Speak with industry owners across the province and listen to the stories of shipments stuck — whether of raw
Inflation is expected to slow to 5.8-6.8 per cent in November, and then further to 5.6-6.5pc in December, the finance ministry said in its monthly economic report on Wednesday. The government slashed interest rates by 250 basis points earlier in November in a bid to revive a sluggish economy amid a big drop in the rate of inflation. Inflation clocked in at 7.2pc in October, a sharp drop from
Amid a record stock market rally, receding food inflation, low current account deficit and improving foreign investment, trade and industry leaders have expressed concerns that the rising political uncertainty, deteriorating security situation and high cost of doing business are forcing local industrialists to switch over their businesses to foreign countries. They urged the government and the
Potato exports are likely to fall during the current fiscal year because smog has led to a 20 per cent decline in per acre production in Punjab, a webinar was told on Wednesday. The webinar, conducted by the Pakistan Horticulture Development Export Company (PHDEC), aimed to explore the consequences of climate change on potato crop and to suggest measures for combating its impact on productivi