Stories from Salman Siddiqui
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PSX forecast to surge 30% by Dec 2024
Likely to touch record high at 75,000 on back of rate cut, political stability
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Gas price surge drives weekly inflation to multi-year high
Settles at 9.95% from 0.73% in the preceding week ending November 8
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SBP unveils fourth strategic plan
Targets financial stability, sustainable growth through navigating challenges
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Action plan in place for FBR restructuring
Customs will be separated from revenue collection role; notification expected next week
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PSX to auction T-bills, PIBs from next month
General public will be able to invest, trade in govt debt securities
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Rupee recovers against USD as PSX crosses 57,000 points
Local currency gains over Rs2 against USD
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MSCI trims Pakistan’s weight
Semi-annual review may result in withdrawal of foreign investment from PSX
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$10b Saudi investment to arrive soon
Financing will go to oil refinery to be set up by Aramco either in Hub or Gwadar
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Tax on banks’ windfall profits less likely
Banks earned extraordinary profits of Rs110b in 2021 and 2022
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PSX crosses 56,000 points as rupee continues downward trend
Rupee cumulatively lost nearly 4% or Rs11 during the last 15 days