The Pakistan Stock Exchange (PSX) has been ranked the world’s best-performing stock market over the past two fiscal years, delivering a staggering 200% gain in US dollar terms, fueled by …
economic recovery
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International
McDonald’s Shuts Down Operations in Sri Lanka, Closing All Stores Across the Country
by Hamza Irshadby Hamza IrshadMcDonald’s McDonald’s has ceased operations in Sri Lanka following the termination of its agreement with the local franchisee, resulting in the closure of all 12 outlets across the country. Sanath …
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The Monetary Policy Committee (MPC) convened on March 18, 2024, and decided unanimously to maintain the policy rate at 22 percent. The Committee acknowledged a notable decline in inflation from …
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The highly anticipated announcement of the monetary policy by the State Bank of Pakistan (SBP) is eagerly awaited and is scheduled to take place on Monday, March 18, 2024. According …
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ISLAMABAD: The International Monetary Fund (IMF) has reported an overall improvement in macroeconomic conditions in Pakistan, forecasting a 2% economic growth in FY24. Despite these positive developments, the outlook remains …
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EconomyLatest Updates
Dollar crashes to Rs218 in open market due to selling pressure amid its rapidly falling value
by Umar Sohailby Umar SohailThe value of dollar is constantly falling for the 5th consecutive day and in open market, the greenback value crashed because of rush of sellers. Thus, in the past five …
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EconomyLatest Updates
Rupee, stock market gain more value on Friday: Dollar falls to 224, KSE index gains 274 points
by Umar Sohailby Umar SohailNews about IMF board meeting in August, rescheduling of Chinese debt and increase in Saudi oil supply on deferred payment have made the stock market bullish and encouraged rupee to …
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In FY21, Pakistan reentered the international capital markets after a gap of over 3 years in early April 2021 and SBP’s foreign exchange reserves rose to record high level
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Fifty-eight per cent of employers have the same or higher than their pre-pandemic workforce numbers. But 74 per cent state they are expecting headcount increases as early as the second-half …
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InternationalLatest Updates
India suffers worst economic decline since independence
by Hamza Irshadby Hamza IrshadIndia’s already suffering economy has gained more years due to pandemic and the great lockdown.