Prices of cotton rose further on Monday and reached a fresh high of Rs7,200 per maund (37.324 kg).

The IMF has praised Pakistan’s commitment to the $11.3 billion loan programme, despite delays in VAT.

The State Bank of Pakistan (SBP) has increased the rate of refinance to 8.5 per cent per annum.

The World Bank has offered $115 million to the Sui Southern Gas Company for improving infrastructure.

The Securities and Exchange Commission of Pakistan (SECP) has slashed the fund size for a Real Estate Investment Trust to 60%