Thursday, February 22, 2024


Hike in interest rate by SBP draws criticism

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

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%

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

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

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...

PSX sinks amid political turmoil in country, KSE-100 sheds 1,250 points

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

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

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

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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