The Pakistani rupee maintained momentum against the US dollar, appreciating 0.08% during the opening hours of trading in the inter-bank market on Thursday. At 10am, the currency was hovering at 281.20, a gain of Re0.23 against the greenback. On Wednesday, the local unit closed at 281.43. Internationally, the US dollar was steady on Thursday, holding its overnight gains, as traders weighed
The stock market reversed its overnight bearish trend on Tuesday, as value-hunting by investors helped the KSE-100 index close in the green zone. Despite volatility caused by rollover pressure, the benchmark index settled at 157,945, up 390 points. The index touched an intraday high of 158,831.22 and a low of 157,416.54 during the session. Gains in major stocks, including United Bank, Bes
The World Economic Forum (WEF) says the global economy is entering a period of weak growth and systematic disruption, with findings of the Chief Economists’ Outlook pointing to the emergence of a new economic environment shaped by persistent disruption and growing fragmentation. The outlook report, published on Tuesday, highlights sharp regional fault lines, noting that emerging markets
A new report published by the World Bank (WB) on Tuesday called attention to the rising national poverty rate in Pakistan, highlighting the need for sustained and people-centred reforms to protect vulnerable populations. The report, titled “Reclaiming Momentum Towards Prosperity: Pakistan’s Poverty, Equity and Resilience Assessment”, marks the first comprehensive evaluation of poverty and welfa
Bulls continued to gain further traction at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 900 points during the opening minutes of trading on Wednesday. At 9:40am, the benchmark index was hovering at 158,831.61, a gain of 886.59 points or 0.56%. Buying momentum was observed in key sectors including commercial banks, cement, fertiliser, oil and gas explora