ISLAMABAD: The recent decline in Pakistan’s inflation rate to 9.6% is a significant achievement, marking the lowest level in three years. This represents a 65% drop compared to August 2023. Hopefully, this should result in several economic benefits, such as enhanced consumer purchasing power, stabilised business costs, and improved government finances. It is time for […]
KARACHI: Businessmen Group Chairman Zubair Motiwala and Karachi Chamber of Commerce and Industry (KCCI) President Iftikhar Ahmed Sheikh have urged the State Bank of Pakistan (SBP) to announce a substantial reduction in interest rate by at least 500 basis points to bring the rate down to 14.5% in the upcoming monetary policy statement. They cited […]
Listen to article Pakistan’s consumer price index (CPI) rose by 9.6 per cent year-on-year (YoY) in August, marking a 34-month low, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday. The CPI, which tracks household inflation by measuring price changes across various categories of household expenditure, showed a notable decline from the 11.1 […]
KARACHI: Pakistan Stock Exchange (PSX) experienced a lacklustre week, marked by limited activity and thin losses of around 300 points due to worries over Pakistan’s exclusion from the International Monetary Fund (IMF) executive board meeting agenda for August. The market also remained subdued because of rollover of investor positions at month end and security concerns. […]
KARACHI: Positive momentum continued at the Pakistan Stock Exchange (PSX) on Friday owing to an improved economic outlook as investors kept a close watch on the government’s discussion for privatisation of state-owned enterprises (SOEs). The market also took cue from the bullish trend in global equities and the government’s commitment to reducing power tariffs. In […]
KARACHI: Despite exhibiting significant volatility, the Pakistan Stock Exchange (PSX) on Thursday notched up notable gains, powered by positive triggers such as falling bond yields and optimism about bridging the external financing gap. Those factors, coupled with impending approval of the $7 billion Extended Fund Facility (EFF) by the International Monetary Fund (IMF) executive board, […]
KARACHI: Pakistan’s economy is showing signs of recovery as the country begins to stabilize politically. In a significant boost to its economic standing, Moody’s has upgraded Pakistan’s credit rating from Caa3 to Caa2, following a similar upgrade by Fitch last month. The outlook has also been revised from stable to positive, reflecting growing global confidence […]
Both Jennifer Garner and Jennifer Lopez have reportedly grappled with Ben Affleck’s “moody and dark” personality throughout their relationships with the actor. Sources close to both women reveal that Affleck “has never handled stress well,” often becoming easily frustrated and emotionally volatile. These mood swings have been a significant challenge for those around him, contributing […]
Jennifer Lopez made significant efforts to maintain her marriage with Ben Affleck, but it wasn’t meant to be. According to sources, Lopez dedicated a lot of time and energy to ensure that Affleck was content and had everything he needed. Despite her efforts, Affleck’s “dark and moody” personality began to weigh heavily on her. Reports […]