PSX tops 800 points after political clarity boosts sentiment

PSX tops 800 points after political clarity boosts sentiment

Investors at the Pakistan Stock Exchange in Karachi saw stocks rally past the 86,000 points mark after the political uncertainty ended with the enactment of the 26th Amendment. The parliamentary approval of changes to the constitution empowered lawmakers to select the chief justice of the Supreme Court, drawing criticism from opposition parties. Key sectors like…

Read More
SBP report points out improved economic indicators in FY24

SBP report points out improved economic indicators in FY24

A recent report from the State Bank of Pakistan highlighted positive macroeconomic indicators for the fiscal year 2023-24, including improvements in fiscal consolidation, monetary policy, global commodity prices, agricultural production, and external account pressure. The report noted a decrease in inflation, moderate GDP growth, and recovery in Large Scale Manufacturing. The central bank maintained a…

Read More