Business

The PKR continued to recover on Thursday, appreciating by Rs1.5 against the dollar during early trade in the interbank market, with analysts attributing the gains to the State Bank of Pakistan (SBP) receiving a much-needed $1.16 billion deposit from the International Monetary Fund (IMF). The local currency was being traded at Rs217.25 …

Inflation measured by the Consumer Price Index (CPI) shot up to 27.26 per cent year-on-year (YoY) in August, data released by the Pakistan Bureau of Statistics (PBS) showed on Thursday. In August 2021, CPI inflation had clocked in at 8.4pc. Last month, the YoY inflation was measured at 24.93pc, which was the highest figure …

ISLAMABAD: The food ministry would issue permits within 24 hours to facilitate onion and tomato imports from Iran and Afghanistan, the government decided on Tuesday as it tries to stabilise food prices. The decision was made in a meeting held in Islamabad on Tuesday. The food ministry has asked the …

Oil prices recovered slightly on Wednesday as data pointed to firm fuel demand in the United States, providing respite after a five per cent drop a day earlier on fear of demand suffering from increased China Covid-19 curbs and central bank interest rate hikes. A slightly weaker US dollar also …

The stock market rose sharply on Tuesday morning after the International Monetary Fund (IMF) approved the release of a $1.1 billion loan tranche. The benchmark KSE-100 index started rising shortly after trading began, gaining 436.11 points, or 1.03 percent, by 9:38am to reach 42,940.45 points. Head of Research at Intermarket Securities, Raza …

• Lender’s acting chair advises ‘tight monetary policy • Govt required to raise power rates to meet Fund’s terms • Miftah thanks PM for ‘taking tough decisions’; Shehbaz calls it an outcome of ‘excellent team effort’ WASHINGTON: The Exe­cu­tive Board of the Interna­tional Monetary Fund (IMF) on Monday completed the …

The PKR showed a strong recovery against the dollar in the interbank market on Tuesday, gaining Rs2.92 by 9:54am. According to the Forex Association of Pakistan (FAP), the local currency was being traded at Rs219 per dollar around that time after appreciating 1.31 per cent. The rupee’s recovery comes after …

Market Dynamics: KSE-100’s Volatile Trading Amid Economic Concerns Opening Trends: The KSE-100 index began positively but soon stagnated, reflecting investor caution amidst rising inflation and political instability. Profit-Taking: A last-hour sell-off for profit realization pushed the index into negative territory, highlighting the fragile market sentiment. Currency Depreciation: The Pakistani rupee’s …

The fact that Pakistan’s stock and currency markets aren’t feeling particularly upbeat despite Qatar’s stated commitment to spend $3 billion in important commercial and investment areas of the country’s economy suggests that these markets require more than just verbal assurances to improve. It hasn’t helped that the ambitions of the …

ISLAMABAD: The National Tariff Commission (NTC) has cautioned the federal government of a possible fallout of imposing the highest-ever regulatory duties (RD) on goods imports ahead of the International Monetary Fund (IMF) executive board meeting, Dawn has learned from sources. The IMF board meeting is scheduled for Aug 29 to approve disbursement …