Monday, October 26, 2026 · Petrol Rs 377.71 · USD/PKR 277.05 · Gold Rs 424536/tola
Breaking
Asif Khaliq drives blue-eyed Chaiwala Arshad Khan’s London success Munir and Naqvi Join Makkah Pact Talks in Tehran Iran Says the Border Is Open as Pakistan Ships LPG by Sea Six Militants and Two Soldiers Killed in DI Khan Imran Khan’s Sisters Held for Another 30 Days Rights Commission Calls for the KP Emergency to End Makkah Pact Officials Head to Tehran for Security Talks Riyadh Airport Partly Reopens Two Weeks After Attack Indian Duty-Free Access Threatens Pakistan’s Textile Edge Peshawar Begins Polio Drive for 1.11 Million Children KSE-100 Loses 4,045 Points Over the Week Task Force Asks Industry for Export Proposals PTI Weighs Talks Against Protest Over KP Seven of One Family Killed in Murree Road Accident Mir Raza’s Father Asks for a JIT Member to Be Replaced Pakistan Rejects a $490m Loan as Too Expensive Minister Seeks Loan Rescheduling as Rates Bite at 25pc 31,000 Consumers Denied the Petrol Subsidy Portal Glitch Blocks Returning Pakistanis From Filing LPG Cargoes Down to Two as Senate Presses on Winter Fuel

Articles for tag: cut, rate, rebound, speculation, stocks, Stocks rebound on rate cut speculation

July 24, 2024

News Desk

Stocks rebound on rate cut speculation

KARACHI: Ending its downtrend, the Pakistan Stock Exchange (PSX) rallied significantly on Tuesday on speculation of a possible interest rate cut by the State Bank of Pakistan (SBP) in its July 29 monetary policy announcement. In the morning, trading started on a positive note, with the KSE-100 index hitting an intraday high of 79,585.34 points. The approval of new privatization laws by the National Assembly’s standing committee to avoid further delay along with the postponement of the cabinet meeting to ban the opposition contributed to the bullish mood in the stock market. Additionally, Fitch Ratings’ assessment of Pakistan’s fiscal measures

July 19, 2024

News Desk

Gold hits record high in Pakistan amid global speculation

KARACHI: Gold prices in Pakistan hit a new all-time high of Rs 254,000 per tola (11.66 grams) on Thursday as international investors took long positions in anticipation of a US central bank rate cut in September 2024. Bullion rose by Rs 4,600 a tola to a fresh record after the commodity jumped $60 an ounce (31.10 grams) to $2,470 in the global market, according to the All Pakistan Sarafa Gems and Jewelers Association. Despite the notable increase, gold remained lower by Rs 4,000 per tola in Pakistan compared to the Dubai market. The previous all-time high was Rs 252,200 per

June 4, 2024

News Desk

Speculation moves are receding

KARACHI: Pakistan’s stock market on Monday came under significant selling pressure, triggered by uncertainty ahead of the budget and the terms of a new International Monetary Fund (IMF) loan package, including tax reforms, tariff hikes and a devaluation of the rupee. In the morning, the KSE-100 got off to a strong start, hitting an intraday high of 76,209.96 points. However, the market quickly reversed course due to the weakening of the Pakistani rupee and the decline in foreign exchange reserves. In addition, concerns over unpaid debts of Chinese independent power producers (IPPs) exacerbated bearish sentiment. Consequently, the index fell below

June 4, 2024

News Desk

Inflation falls to a 2.5-year low

Islamabad: Inflation suddenly fell to a near two-and-a-half-year low of 11.8% in May due to falling food prices and some correction in fuel prices, opening a window for the central bank to adjust its monetary policy by cutting interest rates significantly in June 10. The Pakistan Bureau of Statistics (PBS) reported on Monday that the measured consumer price index (CPI) registered 11.8 percent in May compared to the same month a year ago. In addition to the high base effect, the real fall in food prices has helped reduce inflation to a level that the government and independent economists had

May 22, 2024

News Desk

PSX is gaining ground on budget speculation

KARACHI: Despite enduring a lackluster session, the Pakistan Stock Exchange (PSX) closed higher on Tuesday on speculation ahead of the announcement of the federal budget for 2024-25 in the first week of June. The KSE-100 fell to an intraday low of 74,958.09 points in the morning in the absence of major positives. Later, it gradually rose along with small fluctuations. The rally was fueled by a strong corporate earnings outlook and an upbeat World Bank forecast that pegged inflation in Pakistan at 15% for FY25. Additionally, the current account deficit at just 0.6% of gross domestic product (GDP), the stability

April 7, 2024

News Desk

Saba Qamar sparks speculation about her mystery beau

Pakistani actress Saba Qamar celebrated her 40th birthday in style on Friday, surrounded by close friends and colleagues from the entertainment industry. The talented actress, known for her stellar performances on both the small and big screen, hosted an intimate bash attended by notables including Sami Khan, Nadia Hussain and Sonia Mishal. Dressed in a stunning black outfit, Saba exuded elegance as she shared moments from her birthday celebrations with her adoring fans. She shared beautiful photos from the occasion on social media, spreading joy and gratitude to her followers. In the midst of birthday celebrations, the Pagal Khana The

March 22, 2024

News Desk

Ryan Gosling, Eva Mendes’ Oscar Lady, Sparks Divided Speculation

Ryan Gosling, Eva Mendes’ Oscar Lady, Sparks Divided Speculation Ryan Gosling turned heads at the Oscars night with an elegant all-black outfit and dazzling performance. But one thing that raised eyebrows was the notable absence of Eva Mendes. While the Barbie star was the talk of the town for making his story I’m Just Ken his performance and his Best Supporting Actor nomination, fans were concerned about the state of his relationship with Eva. even though the Ghost Rider The actress later appeared backstage and paid tribute to her husband via an Instagram post, “People were surprised Eva wasn’t on

February 1, 2024

News Desk

SBP refutes IMF-related speculation behind new currency decision

New notes are printed every 15 to 20 years, the purpose of which is to maintain their integrity, says SBP official A trader counts Pakistani rupee notes at a currency exchange in Peshawar, Pakistan, December 3, 2018. — Reuters The deputy commissioner of SBP says that new notes are printed every 15-20 years. “The purpose of the new currency is to maintain the integrity of paper money,” he says. SBP will issue new currency notes in next 2 years. The State Bank of Pakistan’s decision to introduce new currency notes was not taken at the behest of the International Monetary

January 10, 2024

News Desk

Spot Bitcoin ETF Approval Sparks Industry Price War, Speculation Over Market Impact

Cathie Wood’s ARK Invest, in partnership with 21Shares for a bitcoin ETF, initially offered 0.8% Spot Bitcoin ETF approval sparks industry price war and speculation over market impact.—Reuters As cryptocurrency investors await the SEC’s possible approval of several spot bitcoin ETF applications this Wednesday, the focus is shifting to the intricacies of trading dynamics, the costs involved and the potential impact on Bitcoin’s valuation. In a competitive landscape with nearly a dozen ETFs vying for attention, a modest price war has emerged. For example, Cathie Wood’s ARK Invest, partnering with 21Shares on a bitcoin ETF, initially proposed a 0.8% fee,

December 8, 2023

News Desk

Kim Kardashian is facing plastic surgery speculation

Kim Kardashian is facing backlash online over alleged plastic surgery and her feud with Taylor Swift Kim Kardashian is facing backlash online over alleged plastic surgery and her feud with Taylor Swift Photos of Kim Kardashian at the Lakers game this week have sparked plastic surgery rumors among fans. The reality star sat down with her son Saint to watch the season tournament match at the Crypto.com Arena in Los Angeles. Dressed in an all-black ensemble with sunglasses, Kim’s facial features caught the attention of many. A photo posted on Reddit showed what users thought was a noticeably smaller nose

Hamza Azhar SalamEditor — Hamza Azhar Salam · Write to us with suggestions or tips
Powered by: Frontpage.dev
WP Twitter Auto Publish Powered By : XYZScripts.com