PSX remains subdued amid IMF loan delay | The Express Tribune
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. […]
Stocks slump over poll result delay | The Express Tribune
KARACHI: Pakistan Stock Exchange (PSX) was rattled on Friday by the unusual delay in announcement of election results and growing political uncertainty, which led to a plunge of 1,200 points in the KSE-100 index and deterred investors from building their portfolios. Uncertainty gripped the market as initial, unofficial results of general elections trickled in, which […]
Quality glitch to delay 737 MAX deliveries | The Express Tribune
WASHINGTON/PARIS: Boeing Co said on Sunday it will have to do more work on about 50 undelivered 737 MAX airplanes, potentially delaying some near-term deliveries, after its supplier Spirit AeroSystems discovered two mis-drilled holes on some fuselages. Boeing confirmed the findings in response to a Reuters query after industry sources said an “edge margin”, or […]
Govt mulling delay in govt employees’ salaries?
Pakistani currency notes of RS1,000 can be seen in this picture with the PKR coins. — AFP/File After a private news channel aired news hinting at a possible delay in the issuance of funds for federal government employees’ salaries and development projects, the Ministry of Finance Saturday categorically rebuked such rumours terming them as “totally […]
Govt faces IMF delay over bill crisis | The Express Tribune
ISLAMABAD: The International Monetary Fund (IMF) on Tuesday did not immediately approve Pakistan’s request for recovering August’s electricity bills over a period of six months amid raging protests in many parts of the country that continued for the fifth day running against back-breaking bills. Adding more vigour to the protests, the traders’ community also joined […]
Stocks rally as Pakistan, IMF strike deal after nine-month delay
An investor talks on his phone at the Pakistan Stock Exchange. — AFP/File KARACHI: Following Pakistan’s staff-level agreement with the International Monetary Fund (IMF) over the weekend, Pakistan Stock Exchange (PSX) Monday witnessed a bullish trend as the KSE-100 benchmark index gained over 2,000 points. The index opened in the green zone and remained positive […]
Budget preparation ‘hits snag’ over delay in IMF deal
A representational image. — Unsplash ISLAMABAD: Preparations for the upcoming budget have been hampered due to the delay in an agreement with the International Monetary Fund (IMF), sources told Geo News Saturday. Due to the economic and political uncertainty in the country, the Budget Strategy Paper (BSP), which was scheduled to be approved by the […]
Rupee falls sharply amid delay in IMF deal
— APP/File KARACHI: The local currency fell sharply on Thursday against the US dollar amid a delay in the International Monetary Fund’s (IMF) deal, plunging by Rs17.59 during the trade, according to the Exchange Companies Association of Pakistan (ECAP). The dollar was trading at Rs283.71 in the interbank market after closing at Rs266.11 a day […]
WB rejects ‘unfounded’ reports of delay in loan for Pakistan | The Express Tribune
World Bank Country Director for Pakistan Najy Benhassine on Thursday rejected reports of a delay in loan approval for Pakistan. Taking to Twitter, Benhassine said that press reports about a World Bank decision to delay approval of potential Bank operations in Pakistan are “unfounded”. He added that the tentative board approval dates of all proposed […]
Reports on delay of World Bank’s loan approval ‘unfounded’
An undated image of World Bank Headquarters in Washington DC. — AFP The World Bank on Thursday termed the media reports on delaying approval of loans for Pakistan as “unfounded”. “The press reports that refer to a World Bank decision to delay approval of potential Bank operations in Pakistan are unfounded”, World Bank’s Country Director […]