Markets
Pakistan stock market soars as investors eye diplomatic breakthrough
Benchmarks rebound 3.52% amid IMF deal hopes and easing regional tensions
May 09, 2025
May 09, 2025
Benchmarks rebound 3.52% amid IMF deal hopes and easing regional tensions
Pakistan’s fuel prices edge lower in line with international oil prices
Restructuring unites AR Corp, Khadija Enterprises & others into Stylo
For five straight months, workers' remittances have exceeded $3 billion per month
The CDS jumped more than 150 basis points since April 22, reaching a peak of 926 basis points on May 5
Says provincial development projects will be minimized as 60% of federal revenues are already transferred to provinces
The government has achieved key conditions of IMF to qualify for the loans
Workers’ remittances and official inflows to drive reserves to $14 billion by June
Drone strikes, military clashes trigger largest single-day decline in KSE-100 index history
Joint bid targets Ingredion’s majority shareholding
Improvement in the primary balance on back of the State Bank of Pakistan's higher profits helped the government curtail the budget deficit
According to the ratings agency, the current military escalation is expected to be temporary, followed by a phase of contained and sporadic confrontations
It seemed all doom and gloom at the outset when the Pakistan stock market plunged by more than 6,500 points shortly after opening
Factors like fuel costs, hydropower, and exchange rates to shape final rates
Yields on Pakistan Euro/Sukuk bonds in international market have improved
Finance ministry holds emergency meeting, vows to ensure market stability and cybersecurity
Benchmark index closes lower after volatile trading amid profit-taking and investor caution
Bank submit letters of consent to the lead manager, Habib Bank; disbursement expected within 8 days
With no plans for exports or urea discounts, FFC eyes a stronger second half amid high inventories
The KIBOR is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Karachi or "interbank" money market