PSX reaches new high, crossing 90,000 mark
Pakistan Stock Exchange (PSX) retained its bullish trend, as shares surged more than 1,100 points to a new high in intraday trade on Friday. The benchmark KSE-100 index climbed 1141.43, or 1.25 per cent to stand at 90,087.41 points from the previous close of 88,945.98 points at 9:55 am. Finally,
Economy shows signs of recovery amid govt-military collaboration
Pakistan’s economy is showing significant signs of recovery due to the coordinated efforts of the federal government and military leadership, dispelling widespread rumors of a possible default. Moreover, positive economic developments in recent days have signaled a brighter future of growth and prosperity for the country. The State Bank of
SBP cuts key policy rate by 200bps, slashes to 17.5 per cent
The State Bank of Pakistan’s Monetary Policy Committee (MPC) has made its sharpest rate cut since April 2020, reducing the key policy rate by 200 basis points to 17.5 per cent, effective September 13, 2024. In addition, this move reflects a faster-than-expected decline in inflation, fueled by delayed energy price
