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PSX gets off to flying start in 2024
Benchmark KSE-100 index shoots up 2,210.74 points, settles at 64,661.78
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What does 2024 hold for economy?
All eyes are on the SIFC-monitored and guided new government
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Govt expenditure stands at Rs4.8tr
Expenses fuelled by interest costs, other spending
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Breaking record highs : With 55% growth, PSX among best performing markets
Rally powered by return of foreign investors, successful IMF review and rupee stability
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IMF tax collection target surpassed
FBR collects Rs4.44tr, disconnects services for non-filers to expand tax base
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Govt okays changes in energy deals
ECC agrees Pakistan will not slap arbitrary penalties on power plants
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Rupee recovers further, stands below 282/$
Gold at 1-month high in line with soaring global market
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Rupee makes spectacular recovery after free-fall, to remain volatile
Crackdown on dollar smuggling and hoarding dismantled black markets in border areas, reversing rupee’s fall
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PSX slumps on heavy profit-taking
Benchmark KSE-100 index plunges 2,534.12 points, settles at 59,170.98
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Stocks undergo huge correction on profit-taking
KSE-100 index plunges 4,425 points, or 6.7% WoW, settles at 61,705
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Foreign currency inflow hopes aid rupee’s uptrend
Currency appreciates for 9th straight day to Rs282.53/$
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PSX makes sharp recovery on IMF loan hopes
KSE-100 index rises 245.56 points, settles at 62,693.57
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Forex reserves dip by $136 million
SBP cites debt repayment for decline in reserves
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Govt to phase out export financing
ECC rejects demand for increase in wheat support price to Rs4,000 per 40 kg
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World Bank approves $350m package
Board members deem 10% tax-to-GDP ratio insufficient to meet growing expenditure
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Winning streak takes rupee to 7-week high
Currency stands below 283/$ in 7th straight day of gains
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Pakistan, ADB ink $1.2b loan deals
Open choked financing pipelines, revitalise financial landscape
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IMF urges constitutional amendment for fiscal discipline
IMF recommends changes to curb govt’s grant authority, advocates special audit of past decade
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$6.4b in loans received in 5 months
Country hopes for surge in disbursement soon on back of ‘bullet borrowing’
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Bulls snatch control as stocks rally
KSE-100 index climbs 679.83 points, settles at 66,130.02
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IMF denies it plans to ask Pakistan to raise taxes on salaried class
Media reports had claimed that lending body asked Pakistan to cut number of tax slabs from seven to four
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IMF wants increase in tax on salaried class
Proposal aimed at doubling tax collection from business individuals, salaried persons
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IMF chief says rules, infrastructure needed to prevent crypto risks
Head of IMF says cryptocurrencies need to be regulated since they pose a risk to financial stability
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ADB keeps growth forecast at 1.9%
Report cites moderate economic confidence, high inflation as constraints
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Default probability not strong: Fitch
Agency affirms ‘CCC’ rating for Pakistan that reflects high funding risks
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Policy rate left unchanged
Decision comes ahead of IMF board meeting; SBP expects deceleration in inflation
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FBR resists restructuring efforts
Defends exclusive mandate on tax policy formulation
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Despite no allocation, ECNEC okays big scheme
Approves Thar Coal railway project worth Rs53.7b without budget allocation, challenges IMF commitments
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Markets predict no change in monetary policy
Marks departure from earlier predictions suggesting possibility of modest rate cut in Dec 2023
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PSX dominates global markets
Marks unprecedented surge as KSE-100 rises 4,532 points, or 7.3% WoW
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Rupee at 5-week high over IMF loan optimism
Currency gains ground vs dollar for ninth consecutive day
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IMF board to okay Pakistan SLA on Jan 11
Its approval will disburse $700m tranche to country
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PSX soars as PM trip gives impetus
KSE-100 index surges 1,505.55 points, settles at 66,223.63
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Forex reserves record $237m decline
SBP mentions debt repayments for decrease in reserves
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PSX breaks another record amid heavy trading
KSE-100 index surges 800.35 points, settles at 64,718.08
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Revenue spike helps contain deficit
Despite interest cost of Rs2.3tr, high non-tax revenues mask fiscal challenges
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Rupee rises for sixth day in a row, gold prices drop
Currency has cumulatively improved 0.44% or Rs1.26 in the past six days to date
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Improved economy propels PSX to new highs
KSE-100 index surges 462.97 points, settles at 62,956.03
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Pakistan absent from IMF board agenda
No mention of country in IMF executive board's schedule for meetings until Dec 14
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Rupee continues to appreciate
Surges to 1-month high on rising forex reserves,and anticipated IMF tranche
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PSX eyes 32% growth by Dec 2024
AHL report predicts robust earnings, attractive valuations, political stability
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PSX boom: An investor’s dilemma
Have I missed the rally? More commonly, I will buy at ‘dips’
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Interest-free banking system critical
Hyderabad traders welcome Summit Bank’s transition to Shariah-compliant bank
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FY25 budget likely to be Rs16.50tr
Tax collection target for next fiscal may be set at Rs11tr on IMF's demand
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PSX breaks more records as bulls charge
KSE-100 index jumps 2,605 points, or 4.4%, settles at 61,691
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Inflation bounces back to over 29%
Urban consumers face the brunt of staggering 520% increase in gas prices
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Import measures yield $4.8b savings
Result in trade deficit of only $9.4b during first five months of this fiscal year
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FBR exceeds tax target, avoids mini budget
Amasses nearly Rs3.5tr, on track to achieve goal set by IMF
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PSX soars to new peak above 60.5k
Deals of billions with UAE spark rally; KSE-100 index shoots up 918.92 points
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‘Domestic debt restructuring will be painful’
Former central bank governor warns of pains to depositors, draws parallels with Sri Lanka’s struggle