Economy
FPCCI Urges Immediate 500 Basis Points Cut in Monetary Policy
Karachi, November 1 2024: In a bold call to action, Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has expressed deep dissatisfaction with the current monetary policy framework, urging a significant revision ahead of the upcoming Monetary Policy Committee (MPC) meeting. Sheikh highlighted that the prevailing policy rate…
Pakistan Achieves First Budget Surplus Since FY04
KARACHI, October 31 2024: In a historic turn of events, Pakistan has reported a budget surplus for the first time since the second quarter of FY04, marking a significant milestone in the country’s fiscal management. Key Highlights of 1QFY25: Overall, these figures reflect a significant shift in Pakistan’s economic landscape, showcasing improved fiscal discipline and…
Pakistan Celebrates Historic Fiscal Surplus
KARACHI, October 31 2024: In a groundbreaking turn of events, Pakistan has announced its first-ever fiscal surplus, reporting an impressive Rs1.7 trillion, equivalent to 1.4% of its GDP, for the first quarter of FY25. This achievement marks a significant departure from the fiscal struggles that have plagued the nation over the past two decades. The…
PSX Faces Volatility Amid Profit-Taking and T-Bill Auction Anticipation
KARACHI, October 30 2024: The trading session on the Pakistan Stock Exchange (PSX) was marked by significant volatility, as the benchmark index demonstrated a dramatic range of movement, peaking at 1,008 points before settling down to a low of 860 points. Ultimately, the index closed at 90,286 points, reflecting a decline of 577 points, or…
PSX Continues Bullish Trend as KSE-100 Hits 90,864 Points
KARACHI, October 29 2024: The Pakistan Stock Exchange (PSX) sustained its positive momentum on October 29, 2024, with the KSE-100 index reaching an impressive intraday high of 91,358 points. The index ultimately closed at 90,864 points, marking a gain of 668 points or 0.74%. This upward trend reflects a strong continuation of the market’s bullish…