The Pakistan Stock Exchange saw a strong rebound on Tuesday as the KSE-100 index climbed 1,804.59 points during intraday trading, recovering from a sharp meltdown the previous day. By 12:19pm, the benchmark index stood at 148,647.56, up 1.23 per cent from Monday’s close of 146,842.97. Read More: PSX KSE–100 over 4000 points amid geopolitical tensions On Monday, […]
IMF agreement
Pakistan market gains on global rating upgrades
The KSE-100 Index is expected to maintain its upward momentum after the IMF approved a staff-level agreement for Pakistan’s second loan tranche. Political stability and declining fixed-income yields boosted investor confidence, lifting the index to 161,935 points on Friday. Foreign inflows and strong ties with the US and Saudi Arabia are likely to further support […]
IMF Agreement Reached with Pakistan on Loan and Climate Facility Reviews
Pakistan and the International Monetary Fund (IMF) have reached a staff-level IMF agreement to review key financial programs. The agreement covers the $7 billion Extended Fund Facility (EFF) and the $1.1 billion Resilience and Sustainability Facility (RSF). It aims to support Pakistan’s economic stability and climate resilience. According to an IMF statement, the agreement follows […]
COAS Bajwa discusses IMF programme with UAE, Saudi authorities
The Chief of Army Staff General Qamar Javed Bajwa, reportedly spoke on the IMF loan programme with Saudi Arabia’s and United Arab Emirates’ authorities. According to reports, the loan programme from the International Monetary Fund was discussed, and Pakistan is soon to see positive development. It comes days after General Bajwa reportedly pleaded with Washington […]