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Pakistan Stock Exchange
Congress leader Rahul Gandhi on Wednesday attacked the government over US President Donald Trump repeating his claims about bringing about a ceasefire between India and Pakistan, saying there is something fishy as the American leader has made the statement "25 times". The Leader of Opposition in the Lok Sabha questioned as to who is Trump to get a ceasefire done and said Prime Minister Modi has not given a reply even once. Asked about Trump's claim and if the PM should make a statement as being demanded by the opposition, Gandhi said, "How can the prime minister make a statement. What will he say-- Trump got it done, he can't say that. But that is the truth. Trump got the ceasefire done, the whole world knows. That is the reality." "This is not just about ceasefire there are big problems that we want to discuss. There are problems related to defence, defence industry, Operation Sindoor. The situation is not good and the whole world knows. Those who call themselves patriot have run .
The Pakistan Stock Exchange (PSX) on Friday continued to feel the effects of the ongoing conflict in the region with equity investors said to have suffered 820 billion rupees in losses in the last three days. The market opened, like the last three days, to conflicting sentiments but by close, had recovered more than 700 points. The benchmark KSE-100 index climbed 799.65, or 0.77 per cent, to stand at 1,04,326.46 from the previous close of 1,03,526.81 at 11:06 am. The volatility had increased following the military confrontation between India and Pakistan triggered by the April 22 Pahalgam terror attack that had cross border linkages. Yousuf M Farooq, director research at Chase Securities said such short-term volatility and corrections are a normal feature of equity markets. "We are advising our clients that only long-term investors participate in the market, maintaining discipline during periods of uncertainty and gradually building their portfolios over time," he said. Sana Tawf
Pakistan's caretaker Finance Minister Shamshad Akhtar has said that political instability over the period of time has greatly disrupted the cash-strapped country's economic growth, which has to be backed by structural reforms. Addressing the Sustainable Development Conference (SDC) here on Thursday, the minister said macroeconomic stability has become more difficult in the last decade because of delays in structural reforms, protracted actions and exogenous shocks. The vulnerability of the economy has increased due to global economic shocks such as the increase in international commodity prices and tighter liquidity conditions, with Pakistan effectively priced out of the international credit markets, the Business Recorder newspaper quoted Akhtar as saying. "Vulnerability has increased due to the unsustainable debt position... Large fiscal and trade deficits over two decades have weakened the debt position, with the cost of servicing debt rising to 74 per cent of the FBR revenue in .
The Pakistan Stock Exchange's benchmark KSE-100 index saw a significant upsurge on Monday as it closed after breaching the 48,000-point mark for the first time in almost two years after it gained more than 900 points during trading hours. The State Bank of Pakistan (SBP) also capped off a stable day for Pakistan's cash-strapped economy by maintaining the status quo and keeping its key policy rate unchanged at 22 per cent. According to a Pakistan Stock Exchange (PSX) spokesperson, the KSE-100 index recorded an increase of 1010.93 points around mid-day from the previous close of 47,076.99 points. The market eventually closed 957.60 points, or 2.03 per cent, up at 48,034.59 points. He said the KSE-100 index had crossed the 48,000 level after 24 months as the last time it breached the mark was in August 2021. Meanwhile, in a press conference on Monday, SBP Governor Jameel Ahmed said the decision to maintain the policy rate was taken after reviewing inflation and external ...