On the eve of a crucial monetary policy decision for the next two months, the stock market faltered on renewed fears of political uncertainty and a new IMF condition, pushing the KSE index below 79,000 amid aggressive foreign selling on Wednesday. Ahsan Mehanti of Arif Habib Corporation said stocks closed sharply lower on political uncertainty and cautious activity ahead of the State Bank of Pa
PAKISTAN’S battle against climate change cannot be fought without support from the private sector. The private sector and the government in Pakistan have dramatically different ways of working. Yet, they, like two sides of the same coin, coexist and can create an ecosystem for each other’s climate action. Pakistan’s financial needs for climate action are very high. Projected climate disasters,
IN remarks reported widely in the media, Foreign Minister Ishaq Dar has been quoted complaining that the IMF is playing politics with Pakistan and changing the goalposts at critical moments to delay the disbursement of funds. Those who know him and have spoken with him over the years know his propensity to speak at length off the cuff and also know that he harbours great mistrust, bordering on
Afghanistan said on Wednesday work would begin on a $10 billion gas pipeline traversing South Asia as officials joined dignitaries in neighbouring Turkmenistan to celebrate its completion on that side of the border. Progress on the TAPI pipeline — running through Turkmenistan, Afghanistan, Pakistan, and India — has been repeatedly delayed because of security issues in conflict-ravaged Afghanist
The 10-gram and one-tola gold prices on Wednesday hit another record peak of Rs226,337 and Rs264,000, showing a jump of Rs1,972 and Rs2,300 compared to Tuesday’s rates. World gold prices also soared to $2,524 per ounce, up by $23 per ounce. The last all-time high was recorded on Aug 24, when the local rates swelled to Rs226,080 and Rs263,700 based on the global price of $2,512 per ounce.