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Hike in interest rate by SBP draws criticism

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The rec­ent decision of the State Bank of Pakistan (SBP) to increase the interest rate has received widespread condemnation from the business community and...

Weekly inflation: Prices of essentials record biggest rise since November

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Inflation measured through the Sensitive Price Indicator (SPI) increased 1.53 percent during the week ended on April 7, owing to a rise in the...

State Bank raises interest rate to 12.25%

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In a surprise move, the State Bank of Pakistan (SBP) on Thursday raised its benchmark interest rate by a significant 250 basis points to...

Rupee depreciation continues, US dollar rises above 188

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The Pakistani rupee surpassed all records on Thursday, selling at above Rs188 against the dollar in the interbank market during intra-day trading, to continue...

Asian Development Bank sees decline in Pakistan’s economic growth

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Following a remarkable economic rebound in the previous fiscal year 2020-21, the Asian Development Bank (ADB) projected Pakistan’s economic growth to slow down to...
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PSX sinks amid political turmoil in country, KSE-100 sheds 1,250 points

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The political melodrama wreaked havoc on the Pakistan stock market as the benchmark KSE-100 index slumped 1,250 points on the back of persistent uncertainty...

Weekly review: KSE-100 posts highest gain in two years

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The bulls maintained their dominance at the Pakistan Stock Exchange (PSX) as the KSE-100 index jumped 3.7 percent — the highest weekly return since...

Political turmoil increases Pakistan’s risk of default to 2013 level

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Pakistan’s political turmoil is adding to a surge in the nation’s default risk and triggering off further losses in the nation’s bonds and currency. A...

Steel hits all-time high after second hike in prices in current month

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The second increase in the ongoing month pushed the steel bar price to an all-time high of Rs216,000 per tonne thus affecting the construction...

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