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Foreign reserves plunge to four-year low after 4.4 per cent drop

Foreign currency reserves held by SBP were recorded at $9,063.6 million, down $415.9 million

Market Daily: Ongoing rally sees KSE-100 rake in 2,130 points 

The Pakistan Stock Exchange (PSX) continued its winning streak as the equity market stretched Wednesday’s rally, gaining 898 points (2.19 per cent) to close the day at 41,796.

Market Daily: KSE-100 gains 964.92 points, market sentiments turn green

The KSE 100 touched an intraday high of 40,968.69 after gathering 964.92 points the index finally ended the day at 40,897.90.

Election 2018: Political parties release specific plans for CPEC

ISLAMABAD: With the General Election 2018 around the corner, almost all major political parties have come up with their respective election manifestos featuring their...

Analysts blame political uncertainty, investigation against bank heads for market crash

The KSE-100 index was down by 995.66 points on Monday, July 9 as uncertainty prevailed in the market as heads of three banks face investigation in the Supreme Court (SC) coupled with the general political unrest post-SC’s Friday's verdict sentencing the former prime minister Nawaz Sharif.

PTI highly likely to form federal govt, says Topline Securities

Pakistan KSE-100 index to go as high as 48,000 in case of PTI led government. While the index may go up to 50,000 if PML-N leads.

Rupee drops to record low of 125 against dollar

The rupee further depreciated against the US dollar falling down to an all-time low of 125 against the greenback in the open market on Wednesday

Oil and gas reserves to end after 10 years, reveals petroleum division

ISLAMABAD: Senate Standing Committee on Petroleum was informed on Thursday that the country’s existing oil reserves will see an end only after 10 years while gas...

Market Daily: Indices fail to maintain positive momentum

After gaining around 66 points during the session market eventually slipped in the red zone, where it lost around 325 points intraday to close at an index level of 42,536 points, down 236 points from Wednesday’s close.

Pakistan’s growth backed by China’s A1 stable ratings, says Moody’s

Moody’s has reaffirmed Pakistan’s credit profile as B3 stable, while it boasts GDP growth of 5.8 per cent against 3.8 per cent amongst its peers.

Market Daily: KSE 100 continues to bleed, sheds 431.55pts

The market continued to fall for the 5th consecutive session as the market lost 1 per cent on Thursday or 432 points as trading activity slowed down.

Audit team unlikely to submit report on tobacco MNCs before PAC on 23 May

ISLAMABAD: The Auditor General of Pakistan (AGP) is not likely to conclude the special audit of international tobacco companies operating in the country within...

Fixed exchange rates risky for Pakistan’s plummeting foreign reserves, says Moody’s

Moody's maintained that higher interest to revenue in the baseline compared with floating exchange rates thrive under exchange rate shocks. Thus, deterioration in debt affordability could lower investors’ willingness to invest while making it harder for Pakistan to access foreign funding.

Economic Survey 2017-18: Govt blames political uncertainty for missing growth targets

Miftah says highest growth rate of 5.79 per cent achieved in 13 years. Ahsan says all promises made by his party in its manifesto fulfilled.

Pakistan amongst best performers, up by 12pc on MSCI, says report

LAHORE: Despite political and external pressures, Pakistan has recorded a surge of 12 per cent on the MSCI index and 6 per cent on...

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Banks asked to facilitate credit card holders

The State Bank of Pakistan on Monday issued a circular regarding ‘Operational Guidelines for Credit Card Business in Pakistan’.The central bank observed that most...