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Today's Paper | April 30, 2024

SBP keeps policy rate unchanged for 7th consecutive session at 22pc

SBP keeps policy rate unchanged for 7th consecutive session at 22pc

MPC stresses continuation of current monetary policy stance to bring inflation down to 5-7pc by September 2025.

Updated 29 Apr, 2024 05:14pm

Related

PSX Highlights of the Day

Company	Price	Change	Change %	Volume
PACE	3.4900	0.7400	26.91 ▲	32,652,000
MDTL	1.7300	0.2900	20.14 ▲	2,908,000
FIBLM	3.4000	0.5200	18.06 ▲	2,000
AGLNCPS	6.5900	1.0000	17.89 ▲	5,000
CLVL	7.4300	0.7400	11.06 ▲	97,000

Company	Price	Change	Change %	Volume
JSCLPSAXD	6.5000	-0.9000	-12.16 ▼	1,000
HICLXD	5.6200	-0.5600	-9.06 ▼	3,500
PPVCDEF	6.3500	-0.5700	-8.24 ▼	500
RUBYDEF	6.2400	-0.5500	-8.10 ▼	64,000
PINL	6.7200	-0.5900	-8.07 ▼	1,500

Updated Apr 29, 2024

Pakistan is Riyadh’s priority for investment and trade, Saudi minister tells PM

Pakistan is Riyadh’s priority for investment and trade, Saudi minister tells PM

In meeting with Bill Gates, Shehbaz says Pakistan working tirelessly to eradicate polio.

Updated 29 Apr, 2024 03:58pm

PSX sheds 1,000 points ahead of policy rate announcement

PSX sheds 1,000 points ahead of policy rate announcement

“The market is taking some correction ahead of the monetary policy announcement," analyst says.

Updated 29 Apr, 2024 04:00pm

PM Shehbaz secures more investment assurances from Riyadh

PM Shehbaz secures more investment assurances from Riyadh

Decision on final SBA tranche due today; Saudi minister dubs premier "man of action".

Updated 29 Apr, 2024 09:14am

Digital transition key to tackle undocumented economy: Finance Minister Aurangzeb

Digital transition key to tackle undocumented economy: Finance Minister Aurangzeb

SBP governor Jameel says economy on path to recovery.

Updated 29 Apr, 2024 09:41am

Gaza to dominate sessions as WEF summit kicks off

Gaza to dominate sessions as WEF summit kicks off

Saudi Arabia calls for regional stability; minister cautions world walking tightrope trying to balance security and prosperity.

Updated 29 Apr, 2024 09:03am

Seeking IMF assistance akin to admitting failure: Shahid Khaqan Abbasi

Seeking IMF assistance akin to admitting failure: Shahid Khaqan Abbasi

Says solution to fix ailing economy lies in political stability and a just judicial system to give a sense of security to investors.

Updated 29 Apr, 2024 09:49am

Govt to appoint ‘technical experts’ on special packages

Govt to appoint ‘technical experts’ on special packages

Amid proposals for austerity measures, over a dozen "advisers" to be placed in various ministries.

Updated 29 Apr, 2024 08:03am

The case for fair wages

The case for fair wages

Unfair informal sector wages lead to cyclic poverty as workers toil for long hours and remain unable to afford necessities.

Published 29 Apr, 2024 06:59am

Struggle to fast-track sustainable economic growth

Struggle to fast-track sustainable economic growth

Analysts question whether the new IMF programme will break Pakistan’s chain of financial bailouts as strict monetary policies harm industrial output.

Updated 29 Apr, 2024 09:46am

Why Pakistan must diversify its foreign exchange reserves to move away from dollar dependence

Why Pakistan must diversify its foreign exchange reserves to move away from dollar dependence

Pakistan clearly needs to trade more with its 4 neighbours

Pakistan clearly needs to trade more with its 4 neighbours

Boycotting Israel — economic activism or self-harm?

Boycotting Israel — economic activism or self-harm?

Highlights

How can Pakistan boost productivity to meet the needs of frustrated people?

How can Pakistan boost productivity to meet the needs of frustrated people?

Normalising trade with India

Normalising trade with India

Brewing troubles

Brewing troubles

Fragility amidst global turmoil

Fragility amidst global turmoil

Remittance dependence in a changing world

Remittance dependence in a changing world

A storm is brewing and our economic policymakers remain aloof

A storm is brewing and our economic policymakers remain aloof

Aurora

Remembering Zafar Siddiqi (1948-2024)

Remembering Zafar Siddiqi (1948-2024)

Is Taylor Swift the Apple of the music industry?

Is Taylor Swift the Apple of the music industry?

The case for woman-friendly networking spaces

The case for woman-friendly networking spaces

Business & Finance

Mutiny against the greenback

Mutiny against the greenback

Pakistan must diversify its reserves to move away from dollar dependence amid global crises and disrupted supply chains.

Updated 29 Apr, 2024 01:08pm

The paradox of bountiful harvests

In a food-insecure country, farmers deliberately destroy hundreds of thousands of tonnes of crop.

Published 29 Apr, 2024 06:59am

Pakistan’s trade potential in Asia

In the last fiscal year, Pakistan’s goods exports to India and Iran totalled just $0.3m and $28,000, respectively, while exports to Afghanistan fell to $522m from $553m.

Published 29 Apr, 2024 06:59am

The case for fair wages

The case for fair wages

Unfair informal sector wages lead to cyclic poverty as workers toil for long hours and remain unable to afford necessities.

Published 29 Apr, 2024 06:59am

Newspaper

Mutiny against the greenback

The paradox of bountiful harvests

Pakistan’s trade potential in Asia

The case for fair wages

KSE 100-share index fluctuations

Rupee report: Weekly rupee-dollar parity

Developing an Islamic financial identity

Struggle to fast-track sustainable economic growth

COMPANY NEWS

The desperate price to escape

Data points

Boycotting Israel — economic activism or self-harm?

The risks of flash loans

Updating factories with AI

UAE wealth fund

Throwing away coins

Memecoins market

Zuckerberg loses billions in days

SBP has room to cut policy rate: analysts

High interest rate drives demand for used cars

OICCI calls for imposing tax on agri income

Optimism steers PSX to new highs

Blinken due in Riyadh for summit on global economy, Gaza

No fixed tax on solar power, govt clarifies