Stories from Salman Siddiqui
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LSM output hits 21-month high
3.43% growth pushes QIM to 132.87 in Dec 2023 compared to 128.37 in Dec 2022
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IMF loan uncertainty very high
Moody’s points to external vulnerability risks until clarity on financing plan
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SSGC eyes substitution plan amid depleting reserves
Explores closed wells and tight gas amid LNG affordability concerns
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Remittances soar to 3-month high
Surge by 26% to reach $2.39b in January 2024, signalling confidence in economy
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Spectre of default haunts US banks
Many commercial properties facing trouble in repaying loans, which may further fuel banking crisis
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Challenges abound for new govt
Upcoming govt may opt for old solutions, avoid politically tough decisions
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PSX plunges 3.68% after 'election upset'
Benchmark index stood at 62,760 points, experiencing a net loss of 2.16%
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Bonds rise on economic optimism
Become world’s best-performing driven by high hopes ahead of new govt
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Govt raises 7.5 times lower financing at T-bills auction
Strategy aims to maintain policy rate amidst IMF concerns
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S&P hints at upgrading Pakistan’s credit rating
Will monitor upcoming elections; pending economic reforms, IMF loan are key determinants