Our Correspondent

A sluggish trading week on the Pakistan Stock Exchange was attributed to anxious investors unable to identify positive signals in the face of worsening macroeconomic statistics. The dropping rupee versus the US dollar and the depletion of foreign exchange reserves kept investors at bay during the previous week’s trade. This dropped 1,354 points, or 3.02 […]

As part of an effort to raise at least Rs1.05 billion at the Pakistan Stock Exchange (PSX), a tech company that mostly creates software for international markets will be selling 16.67 percent of its shares to people and institutions next week. It’s expected that Coeus Solutions Limited will begin bidding on Monday for up to […]

An important recommendation has been made by the Pakistan Stock Exchange (PSX) to address economic difficulties, strengthen the national economy and increase the capital markets in 2022-23 federal budget For the sake of both tax income and achieving significant social goals, PSX recommends that the ideas be implemented. They have been sent to the Federal […]

As a result of uncertainty over the resumption of the $6 billion International Monetary Fund (IMF) loan programme, the Pakistan Stock Exchange (PSE) posted decreases on all five trading days in the preceding week. A new government was put in place and the political situation became clearer, resulting in cautious market behaviour. Market concerns about […]

According to figures provided by the State Bank of Pakistan (SBP) on Saturday, Pakistan’s current account deficit was $1.03 billion in March 2022, compared to $369 million in the same period the previous year. Figures from the SBP show that the current account deficit in February 2022 was $519 million. Because of this, the current […]

The benchmark KSE-100 Index fell by 0.63 percent on Thursday, while both volume and value of shares traded fell sharply, putting further pressure on the Pakistan Stock Exchange (PSX). While the Pakistani rupee continued to depreciate, it fell 0.56 percent in inter-bank trading on Thursday, the fourth consecutive day of declines. The rupee depreciated by […]

FPCCI president Irfan Iqbal Sheikh has hailed and congratulated the new administration and its cabinet on their establishment. “The business community was deeply concerned about the void in the executive structure that has now been filled,” he said. An inclusive, sustainable, and legally binding Charter of Economy was presented by Irfan Iqbal Sheikh in order […]

While the benchmark KSE-100 index had all of its intra-day gains wiped, the Pakistan Stock Exchange (PSX) ended the day in the red on Monday, as a result of profit-taking. On a positive note, the benchmark index jumped 369 points to reach an intra-day high of 46,969.46 points to start the day’s trading session. Later […]

SBP presented its second payment systems quarterly report for the fiscal year 2021-22 on Saturday, covering the months of October through December of that year. According to the report, digital banking is becoming more popular in the country. Customers’ preference for using e-banking services increased by 10.7pc in volume and 22.8pc in value during the […]

Building upon current momentum, banks have shown strong progress in approving and disbursing the financing under the Mera Pakistan Mera Ghar Scheme against the increase in applications by borrowers to avail of housing finance. Till April 11, 2022, banks received applications for housing finance amounting to Rs409 billion, which was merely Rs57 billion a year […]