KARACHI: Extending a yet another major relief to cash-strapped Islamabad, the Chinese government has rolled over its $2 billion loan, which was due in March, for one year. The finance ministry on Thursday confirmed that China has accepted Pakistan’s request for the rollover, considering the country’s current inability to repay the loan. Most of the foreign exchange reserves of the State Bank
ISLAMABAD: With inflation at about 29 per cent, Caretaker Finance Minister Dr Shamshad Akhtar, in her departure note, is leaving behind a piece of advice to the incoming government to stay the course, be prudent and reach immediately an agreement with the International Monetary Fund (IMF) for a new medium-term programme to anchor difficult reforms. Claiming a series of gains over the six-month
KARACHI: The net profit earned by the top 100 performing companies listed on the Pakistan Stock Exchange (PSX) surged 51%, reaching a new record high of over Rs1.5 trillion in the year ended December 2023. The major causes of depreciation in the domestic economy, namely high inflation rates, high interest rates, and rupee depreciation, provided a strong basis for different sectors to maintain a
KARACHI: Bulls held sway over the Pakistan Stock Exchange (PSX) on Wednesday as bullish momentum returned which helped the KSE-100 index gain nearly 500 points after Moody’s ratings agency maintained a stable outlook on Pakistan’s credit rating. Earlier, the trading session began with a dip but soon bulls took over on optimism about the rating outlook. The market got further boost from anoth
KARACHI: After posting losses overnight, the stock market on Wednesday resumed its upward drive due to political clarity and strong corporate results as investors opted to do some cherry-picking at attractive levels. Topline Securities Ltd said the equities remained bullish almost throughout the session thanks to further clarity with regards to formation of new government in the centre. The