Expansionary fiscal policies, delayed monetary policy behind inflation: WB

Islamabad: The World Bank on Thursday revealed that Pakistan’s expansionary fiscal policies and delayed monetary policy response led to economic overheating, further contributing to inflationary pressures in recent years. �...

PSX hosts gong ceremony to welcome delegates

KARACHI: The Pakistan Stock Exchange (PSX) hosted a gong ceremony on Wednesday to welcome global delegates for the second International Islamic Capital Market Conference & Expo 2024. Themed ‘From Tech Transformation to ...

12-Dec-2024 Read More

Rupee posts losses for second straight day

KARACHI: The rupee extended losses for a second consecutive session, pressured by dollar demand from importers. The rupee ended at 278.16 per dollar in the interbank market, compared with Tuesday’s closing price of 278.05. ...

12-Dec-2024 Read More

SECP launches women equality in finance policy

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has launched a women equality in finance policy (WEFP) for non-bank microfinance companies (NBMFCs). This policy framework aims to significantly enhance women...

12-Dec-2024 Read More

T-bills yields fall by 5-100bps on rate cut bets, investors await policy meeting

KARACHI: Market Treasury Bill yields dropped on Wednesday as traders priced in a significant rate cut from the State Bank of Pakistan (SBP) next week due to a continued decline in inflation. The cut-off yield on the three-mon...

12-Dec-2024 Read More

KSE-100 witnesses strong recovery of 1,914 points

KARACHI: Stocks recorded a strong recovery on Wednesday, and the benchmark KSE-100 Index surged by 1,914 points amid speculations that the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will cut the key poli...

12-Dec-2024 Read More