Karachi: Leaders of the United Business Group (UBG) have called for an immediate additional 3% reduction in the interest rate by the State Bank of Pakistan (SBP), urging that rates be brought down to single digits to alleviate the financial strain on b…
Karachi: The Pakistan Stock Exchange (PSX) saw significant positive movement today, with the KSE-100 index climbing over 300 points. This surge is attributed to a recent rate cut that has buoyed investor sentiment, fostering robust trading volumes and …
Karachi: The Karachi Stock Exchange (KSE-100) is anticipated to experience significant growth due to continued monetary easing and the support of a new International Monetary Fund (IMF) program. The forecast comes amid a backdrop of falling inflation r…
Karachi: The KSE-100 index concluded the week on a positive note, marking a gain of 435 points or 0.55% week-over-week, buoyed by the Monetary Policy Committee’s unexpected 200 basis points cut in the policy rate to 17.5%. This decision came in respons…
Karachi: The KSE-100 index experienced a momentous yet brief rise above the 80,000-point mark, ultimately facing selling pressure that restrained further gains by week’s end. Notable economic announcements, including a pending IMF program decision and …
Karachi: The latest currency exchange rates reveal minor adjustments in the buying and selling prices of major currencies against the Pakistani Rupee, as recorded over consecutive days. These changes indicate a stabilization trend in the interbank rate…