Rupee regains Rs2 against greenback in open market
This is the fifth devaluation of the rupee since December 2017, which has seen the local currency losing a cumulative 27 percent of its value against the greenback
Market Daily: PSX takes the hit as KSE-100 drops 393.79 points
LAHORE: Volatility returned to the Pakistan Stock Exchange (PSX) after two calm sessions. Low investor confidence was not limited to PSX but...
Pakistan unlikely to be removed from MSCI-EM in upcoming review
In the last year (in its semi-annual review in November 2017) when MSCI demoted ENGRO from its standard MSCI EM to small caps
Oil slumps to two-week lows as markets fall, inventories climb
Brent lost 2.2 percent on Wednesday and on Oct 3rd it hit a four-year high of $86.74
Indian rupee hits lifetime low, stocks tumble on global markets sell-off
A sharp fall in domestic equity markets was the main driver for the rupee’s extended decline, as it heightened concerns about further foreign portfolio outflows
OICCI demands immediate settlement and release of Rs59 billion in tax refunds
The tax regulator owes Rs26 billion in shape of sales tax and Rs33 billion in income tax refunds to the OICCI members
PSX closes in green despite morning tremors Â
-- Index manages to gain 287 points amid volatilityÂ
KARACHI:Â After early morning bumps, the Pakistan Stock Exchange (PSX) managed to stand its ground to...
Pakistani rupee, the cheapest currency in South Asia: Report
The International Monetary Fund (IMF) has currently projected Pakistan’s current account deficit will contract from 5.9 percent of GDP in 2018 (the worst in emerging markets) to 5.3 percent of GDP in 2019 (again the worst in EM)
Saudi Arabia to supply about four million barrels of extra oil to India in November: sources
India is Iran’s top oil client after China, though several refiners have indicated they will stop taking Iranian barrels because of the sanctions
Global debt is growing, IMF says, but so are values of public assets
The IMF said a new database in its semi-annual Fiscal Monitor report showed considerable net worth in 31 countries that account for 61 percent of global economic output
Global financial stability risks rising with trade tensions, IMF says
In the report, the IMF said economic growth appears to have peaked in some major economies while the gap between advanced countries and emerging markets was widening.
PIA placed on PSX’s defaulter segment
Pakistan International Airlines (PIA) faced a loss before tax of Rs54.2 billion for the eleven-month period from September 2017 to July 2018
Index recovers as Pakistan reaches out to IMF
-- Bulls made a strong comeback after six negative sessions, PSX gained 606 points
KARACHI: The finance minister’s announcement regarding the International Monetary Fund...
Indian rupee plummets to record low against dollar
Sentiment has also been weaker after the central bank held rates steady in a surprise move on Friday and pushed the rupee to its previous record low of 74.23
IMF chief economist not concerned about China’s ability to defend currency
On Tuesday, China’s central bank fixed the yuan’s official mid-point for trading at 6.9019 per dollar, edging close to the psychologically important 7.0 barrier and helping to send Asian stocks to a 17-month low