Economy
Engro’s Tower Sharing Deal: A Positive Signal for Pakistan’s Business Environment
KARACHI, December 10th 2024: Samad Dawood, Vice Chairman of Dawood Hercules Corp, emphasized that the tough economic measures implemented by the Government of Pakistan have contributed significantly to macroeconomic stability and revived investor confidence in the country. This improved business environment was a key factor in Engro’s landmark transaction, the largest in Pakistani rupee terms,…
Profit-Taking and Market Volatility Shape KSE-100 Index Performance
KARACHI, December 10th 2024: The Karachi Stock Exchange (KSE-100) endured a day of heightened volatility, as the index swung dramatically within a 4,000-point range. The session, marked by intense profit-taking, saw the index reach a high of 1,789 points before plunging to a low of 2,258 points, ultimately settling at 108,896 points. Early optimism fueled…
The Destructive Impact of the Export Facilitation Scheme on Pakistan’s Textile Industry
KARACHI, December 09 2024: In recent years, Pakistan’s textile industry has faced significant challenges, with the Export Facilitation Scheme (EFS) emerging as a major contributor to its downfall. The All Pakistan Textile Mills Association (APTMA) has highlighted the detrimental effects of this scheme on local spinning mills, which are now facing massive closures and mounting…
Pakistan’s Sukuk Market Shines in 2024: Government Raises Rs2 Trillion via PSX Platform
KARACHI, December 4, 2024: Pakistan’s Sukuk market witnessed remarkable growth in 2024, with the government raising Rs2 trillion through 15 auctions conducted via the Pakistan Stock Exchange (PSX) auction system. This strategic financial maneuver has not only provided cost-effective borrowing options but also showcased the increasing confidence of investors in Islamic financial instruments. Highlights of…
Pakistan’s Economic Outlook: Majority Expect 200bps Rate Cut and Inflation Below 8% in FY25
KARACHI, December 03 2024: The upcoming meeting of the State Bank of Pakistan’s Monetary Policy Committee (MPC) is set for December 16, 2024. A recent survey conducted by Topline Securities reveals that a majority of participants, 71%, anticipate a rate cut of at least 200 basis points (bps). Among them, 63% expect a 200bps reduction,…