KSE-100 falls 0.57% owing to lack of positive triggers Market closes day at 45,150.1 points Published 02 Dec, 2022 07:18pm
Markets OMCs take a hit as petroleum sales drop in Pakistan Sales of oil marketing companies (OMCs) took a hit after Pakistan’s petroleum products bore the brunt of economic... Updated 02 Dec, 2022 05:20pm
Business & Finance Remittances may drop by 7.4pc to $29bn: World Bank ISLAMABAD: Remittances are expected to drop by 7.4 percent to $29 billion in 2022 from $31 billion in 2021, as loss... Updated 02 Dec, 2022 10:21am
Print PRL barred from shutting down this month ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has barred Pakistan Refinery Limited (PRL) from shutting down... Updated 02 Dec, 2022 10:09am
Markets SBP-held foreign exchange reserves fall $327mn, stand at $7.5bn Decrease comes on account of external debt repayment, says central bank Published 01 Dec, 2022 06:57pm
Markets Pakistan's CPI-based inflation in November clocks in at 23.8% CPI inflation in rural areas stood at 27.2% on a year-on-year basis Updated 01 Dec, 2022 05:49pm
Business & Finance 6-month KIBOR hits all-time high after SBP's rate-hike The six-month Karachi Inter-bank Offered Rate (KIBOR), an equilibrium interest rate for a given tenor at which banks... Published 28 Nov, 2022 11:21pm
Markets KSE-100 plummets 2% as market reacts to 'surprise' rate hike Selling pressure was witnessed across-the-board as participants looked to reduce equity exposure after SBP raised the key interest rate by 100bps Updated 28 Nov, 2022 06:11pm
Print Energy conservation: stern measures on the cards ISLAMABAD: The Government is likely to impose excise duties on inefficient fans and bulbs, fix timings for shops, ... Updated 27 Nov, 2022 09:43am
Technology Suspension of DCB payments to Google Play: users, telecom companies at receiving end Facing a growing liquidity shortage as foreign exchange reserves continue to fall, Pakistan’s central bank has... Published 26 Nov, 2022 05:47pm
Markets SBP raises key interest rate by 100bps, takes it to 16% MPC says decision reflects view that inflationary pressures have proven to be stronger and more persistent than expected Majority of market participants had anticipated central bank to maintain key policy rate Updated 25 Nov, 2022 08:52pm
Pakistan Challenging road ahead: Pakistan's economic growth projected to slow down to 2.1%: report EFG Hermes says political uncertainty will dent country's economic outlook Updated 25 Nov, 2022 06:12pm
Markets SBP-held foreign exchange reserves fall $134mn, stand at $7.83bn Decrease comes on account of external debt repayment Published 24 Nov, 2022 08:12pm
Pakistan Pakistan does not face any risk of default, reiterates Ishaq Dar Finance minister says on his advice government made 'categorical decision' not to approach Paris Club for debt relief Updated 24 Nov, 2022 03:59pm
Print Pakistan faces currency crisis danger: Nomura Nomura warns that Egypt, Romania, Sri Lanka, Turkey, Czech Republic and Hungary are also at a high risk of currency crises Updated 23 Nov, 2022 09:38am
Markets ‘Extreme liquidity crunch’ engulfs textile sector, says APTMA All Pakistan Textile Mills Association (APTMA), the country's largest industrial association, has said that an... Published 22 Nov, 2022 12:48pm
Markets Are Naya Pakistan Certificates losing their charm? Experts believe massive outflow in recent months is due to spike in global interest rates and uncertainty over Pakistan's economy Published 21 Nov, 2022 09:49pm
Pakistan Net FDI in Pakistan falls over 52% in first four months of FY23 Net Foreign Direct Investment (FDI) in Pakistan dropped 52.1% during the first four months of the ongoing fiscal ... Updated 21 Nov, 2022 07:25pm
Markets Pakistan's current account deficit clocks in at $567mn in October Increases 56% on month-on-month basis Deficit for July-October period, however, is nearly 47% lower on year-on-year basis Updated 21 Nov, 2022 10:37pm
Print State of economy: Dar rejects all speculations Finance Minister says Pakistan will make payment of $1 billion Sukuk Bond in time in the first week of next month Updated 20 Nov, 2022 04:16pm
Pakistan Dar looks to calm nerves, says Pakistan will not default on bond payments Finance minister reiterates country will meet international payment obligations, also dismisses rumours of looming fuel shortage Updated 19 Nov, 2022 07:18pm
Pakistan By 2050, Pakistan’s annual GDP can decline 18-20% due to climate change risks: World Bank Says impact on Pakistan's natural and human capital are likely to be severe Updated 18 Nov, 2022 07:17pm
Print Jul-Oct textile group exports down 1.34pc YoY ISLAMABAD: The country’s textile group exports declined by 1.34 percent during the first four months (July-October)... Updated 18 Nov, 2022 09:30am
Business & Finance Opening of LCs: Banks overcharging importers to face action, SBP assures NA panel ISLAMABAD: The State Bank of Pakistan (SBP) has assured the National Assembly’s Standing Committee on Finance... Published 17 Nov, 2022 05:59am
Markets Pakistan’s perceived default risk worsens 'owing to IMF uncertainty' Expert says CDS would normalise after inflows from friendly countries and global lender are realised Updated 16 Nov, 2022 06:26pm
Print Staff-level mission date not finalised: IMF wants required adjustments Political situation is also one of the factors behind delay in fielding a staff-level mission by the IMF Updated 16 Nov, 2022 11:17am
Print Russia ready to offer coal, not LNG Pakistan is trying to strike a deal with Russia for import of oil Updated 15 Nov, 2022 09:48am
Markets KSE-100 slides over lack of investor participation Value hunting towards the end of the session provides support to market Published 14 Nov, 2022 07:37pm
Markets Pakistan’s perceived default risk rises significantly 5-year CDS has increased from 2,208bps to 6,419bps in one month, says brokerage house Updated 14 Nov, 2022 08:42pm
Print Nepra approves paisa 51/kWh raise in KE’s tariff ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has approved an increase of Paisa 51/kWh in KE’s... Updated 12 Nov, 2022 09:39am