pressure
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PSX plunges as profit-taking, year-end pressure weigh on sentiment
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A stock broker looks at a computer during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on July 31, 2023. — AFP The stock market plunged sharply on Thursday, continuing its downward spiral as profit-taking and aggressive…
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IMF pressure halts new EPZ plan | The Express Tribune
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ISLAMABAD: The government on Wednesday withdrew a proposal to establish a new Export Processing Zone (EPZ) in Balochistan, complying with a condition set by the International Monetary Fund (IMF), highlighting the global lender’s growing influence over the country’s economic decision-making….
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Govt reduces petrol, diesel prices to ease inflation pressure | The Express Tribune
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The government announced on Friday a significant reduction in petrol and high-speed diesel (HSD) prices for the upcoming fortnight, providing relief to consumers grappling with inflation. Effective from June 15, petrol prices will decrease by Rs10.20 per litre, bringing the…
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PSX under pressure over IMF talk concerns | The Express Tribune
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KARACHI: Turbulence and uncertainty marred the outgoing week at Pakistan Stock Exchange (PSX), as the market underwent a bearish spell by closing four out of five sessions in the red. Uncertainty about securing a new, longer-term loan package in negotiations…
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Stocks under pressure over rupee slide | The Express Tribune
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KARACHI: Pakistan Stock Exchange (PSX) landed in a bearish territory as investor pessimism enveloped the market over the latest round of rupee depreciation and a number of other discouraging developments, putting the benchmark KSE-100 index under constant pressure. The trading…
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Rupee hits historic low as import pressure mounts | The Express Tribune
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KARACHI: Pakistani currency hit a new historic low at Rs299 against the US dollar in the inter-bank market on Tuesday, making imports further expensive and requiring more resources to repay foreign debt. According to State Bank of Pakistan’s (SBP) data,…
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UBS under pressure to take over Credit Suisse | The Express Tribune
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ZURICH: UBS AG was examining on Saturday a takeover of its embattled Swiss peer Credit Suisse, sources said, a move that could allay fears that an unfolding crisis may destabilise the global banking system. The 167-year-old Credit Suisse is the…
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Pakistan ‘agrees’ to raise policy rate by 2% under IMF pressure
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The International Monetary Fund’s building. — AFP/File As the economic crisis in Pakistan worsens with depleting foreign currency reserves barely enough to pay for three weeks worth of imports, the country agreed on Saturday before the International Monetary Fund (IMF)…
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Economy to face further pressure | The Express Tribune
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KARACHI: Pakistan’s economy and capital markets are expected to face mounting pressure when the country returns to work from Eid holidays on Friday in the wake of an aggressive hike in the benchmark interest rate by the US Fed and…
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Asian markets enjoy respite from heavy selling pressure
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Photo: AFP/ file HONG KONG: Asian markets enjoyed some much-needed gains Thursday having so far suffered a troubled week, with sentiment lifted by a bargain-buying, a positive lead from New York and Europe, and further pledges of economic support…
