The government borrowed Rs2 trillion through auctions of sukuk (Islamic bonds) at the stock exchange and raised another Rs1.4tr by selling Pakistan Investment Bonds (PIBs) during 2024. The government has been trying to restructure its debt profile by opting for long-term borrowing over short-term domestic bonds. “In 2024, the government raised Rs2tr from sukuk auctions using the PSX auction
The Pakistan Stock Exchange surged past 104,000 points on Tuesday, gaining more than 1,000 points a day after data showed inflation fell to a six-and-a-half-year low in November. The benchmark KSE-100 index rose 1,284.13 points, or 1.24 per cent, to close at 104,559.07. The market initially dropped sharply, falling 449 points in early trading, before rebounding to close above 104,000 points.
Pakistan’s merchandise exports slowed in November and fell into the single digit due to a reduction in international demand, according to data released by the Pakistan Bureau of Statistics on Monday. The growth momentum picked pace in July owing to improved orders from the international community and stability in the exchange rate. The exports grew 11.83 per cent in July, followed by 16pc in A
The unexpected fall in inflation pushed the real interest rate to 10.1 per cent, creating ample room for the State Bank of Pakistan (SBP) to introduce a significant cut in its policy rate, which would be the fifth consecutive decline since June. The real interest rate is the difference between the nominal policy rate and inflation. It’s the actual return on a loan or bond. The central bank h
The board of directors of United Bank Ltd (UBL) has approved the merger with Silkbank Ltd, UBL informed its shareholders through a filing with the Pakistan Stock Exchange on Tuesday. “We have to inform you that the board of directors of UBL, in its 252nd meeting held on Dec 2, approved the amalgamation of Silkbank Ltd with and into UBL through a share swap arrangement under section 48 of Bankin