Pakistan has formally asked the United Arab Emirates to extend repayment of $2.5 billion in loans for two years. The request includes lowering interest rates by nearly half, covering a $450 million facility dating back 30 years. Prime Minister Shehbaz Sharif confirmed the rollover agreement during the UAE president’s recent visit, though the exact duration […]
interest rate cut
PSX soars as interest rates slashed: KSE-100 nears historic high
The Pakistan Stock Exchange (PSX) rallied strongly on Tuesday as investors welcomed a larger-than-expected interest rate cut by the State Bank of Pakistan (SBP). The benchmark KSE-100 Index soared nearly 685 points intraday, touching 114,787.14 before settling slightly lower in the afternoon session. This marked a 0.6% rise as traders responded positively to the monetary […]