Spike, Swoon and repeat was the cycle witnessed at Pakistan Stock Exchange (PSX) during the week, since market sentiments were primarily dominated by the budget excitement, economic survey and partial uncertainty over Government-IMF talks on taxes. The week began with the 92 points gain at the kse-100 index as investors cheered completion Rs89.2 billion transactions-in […]
Govt’s ‘pro-growth’ budget: The winning leap
Pakistan is on the cusp of major change; transitioning into an era of prosperity and growth from the arduous journey of recovery and stabilization, as the PTI government presented its third budget for FY 21-22 to the tune of Rs 8.5 trillion, setting up an economic growth target of 4.8 percent. The budget can be […]
Fight against Debt Trap
tIf history is our guide, Pakistan has always been vulnerable to balance of payment crises and debt trap, since it always relied on geo-political rents to raise its foreign exchange reserves. Ever since 1958 the country has opened up its debt market and to fill its coffers it has gone to International donors, to maintain […]
Fix the Banks
In a much fanfare and extravaganza, Prime Minister Imran Khan, to facilitate the general public from his government’s ambitious low-cost housing scheme-Naya Pakistan Housing Policy, launched a mobile unit, which will act as a one-window solution to provide information and collect applications for loans. The mobile unit, in partnership with the Naya Pakistan Housing Authority […]
Forced evictions: People up in arms against Bahria Town
Forced eviction and illegal occupation of ancestral land led to a pour out of hundreds of protesting villagers outside Bahria Town Karachi, and set the main gate on fire. The desperate and angry demonstrators did not stop there and entered its premises to vandalise the private properties. A heavy contingent of police was on the […]
‘Media martial law’ in the offing
Gagging, restricting, controlling media has always been a dream of every government and regime, through tacit or legal way-whatever suits those at the helm of power. From the first world to the third world countries, the world has always been the same for the media-as attempts to silence the jounalists through killings, slander, troll and […]
PSX’s history making week: All share volume surged past 2 billion shares, benchmark index crossed 47,000 mark
Pakistan Stock Exchange (PSX) witnessed some exciting and historic trading sessions during the departing week as investors treaded through a spike swoon and repeat conditions. During the week, the index began with the 182 points gain to cross 46,000 index level owing to strong market sentiments, as investors cheered the upward revision of an estimated […]
SBP keeps policy rate unchanged at 7% for fifth consecutive time
The State Bank of Pakistan (SBP) on Friday kept the benchmark interest rate unchanged at 7% for the fifth consecutive time, while viewing growth and inflation expectations as well-anchored. Encouraged by upward revision of the FY21 growth forecast to 3.94%, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 7%, noting that […]
Weekly Review: KSE-100 posted gains of 740 points, ends just shy 46,000
Stocks staged sharp recovery in the departed week at the Pakistan Stock Exchange (PSX) as benchmark kse-100 index advanced by a solid 740 points from the last working week’s close to conclude at 45,915 level after investors returned from an extended Eid break. However, despite the series of positive news flow, the market showcased resistance […]
Pakistan ranked 6th highest recipient of remittances globally in 2020
Pakistan has been ranked as the sixth highest recipient of remittances in 2020 globally, as country’s remittance inflow increased by about 17 per cent , defying the gloomy projections and in spite of the global Covid-19 pandemic, according to the latest report by World Economic Forum (WEF). As per the report, Pakistan is expected to […]