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Business

IMF Sees Inflation Falling to 6.5% in Pakistan by 2027-28

The International Monetary Fund (IMF) has projected a decline in inflation to less than 6.5 percent by financial year 2027-28, high-level sources told ProPakistani.

The Fund also noted that Pakistan’s GDP will continuously grow in the next four year…

PSX Closes At New All-Time High Amid Positive IMF Vibes

Pakistan Stock Exchange (PSX) closed at a new all-time high in today’s session after briefly crossing 74,000 amid positive vibes from talks with the International Monetary Fund (IMF).

Pakistan equities closed the day’s affairs at 73,799 level, up 71…

FPCCI President Urges Govt to Open Chaman Border

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Atif Ikram Sheikh Monday urged the government to open the Chaman border.

In a statement, Sheikh highlighted that the Chaman border has been closed for the past week and thous…

PM Orders Suspension of PASSCO MD Over Wheat Procurement Process

Prime Minister Shehbaz Sharif Monday ordered the suspension of two senior officers of Pakistan Agricultural Storage and Services Corporation (PASSCO) over their negligence in wheat procurement.

The premier also directed the authorities concerned to …

Pak Rupee Devalues Against US Dollar to Start Crucial Week

The Pakistani rupee (PKR) again reversed gains against the US Dollar today after opening trade at 278 in the interbank market.

It was largely bearish and closed in red against the greenback. However, it managed to post some gains against other major…

PSX Announces 5th Batch of Stocks Moving to One Share Lot Size

The Pakistan Stock Exchange (PSX) Monday announced that it is planning to implement the 5th batch of existing 500 Lot size Regular Market companies for transition into ONE Share Lot Size w.e.f. May 20, 2024.

As a result of said transition, these com…

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