Stories from Salman Siddiqui
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Muddled year for stock market
PSX classified among best Asian markets, also downgraded by MSCI
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As gloomy year ends, 2022 shows ‘economic uplift’
IMF expected to release $1 billion in loan to Pakistan in January and February
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PRL decides to upgrade plant
Expansion will enable it to process up to 100,000 barrels of oil per day
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RDA inflows to stay robust
Expats have invested $2.9b; $2b more expected by end of FY22
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Policy rate unlikely to hurt car demand
Economic recovery expected to aid automobile sales volume
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KSE projected to hit 55,000 by 2022
Experts predict eight new firms will raise Rs14-15 billion through IPOs
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Bond yields on downward trajectory
Returns fall by 22-65 basis points in primary and secondary markets
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Private sector borrowing rises despite rate hike
Loans taken by private businesses tick up 3% to Rs6.05tr in Nov
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Current account gap widens to $1.9b
Deficit increases to 40-month high, driven by soaring imports
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Cotton output spikes 44% to 7.3m bales
Supply to textile exporters increases following better yield