Earnings surge 51% on strong performance by banking, energy sectors

Bank of America upgrades bonds despite doubts over govt’s IMF dealings

Reaches 93% of total deposits as banks continue to lend freely to govt

Allows utilisation of proceeds kept abroad without central bank’s prior approval

Tomato and diesel prices surge leading to 0.04% rise in SPI

Rally as political deadlock ends; govt cuts profits on local saving products

Cost of production surged by 23% due to increased reliance on expensive fuels

Increase in imports, outflow of FDI by $173m takes deficit to $269m in Jan 2024

Recent gas and oil price hikes set to fuel inflation, impacting consumers and industries alike

Hubco acquires 9.5% stake in SECMC – country’s top coal-rich mine