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The Pakistan Stock Exchange (PSX) exhibited positive momentum on Friday, driven by an improved economic outlook and investor interest in the government’s ongoing discussions regarding the privatisation of state-owned enterprises (SOEs). The market also drew support from bullish global equity trends and the government’s commitment to reducing power tariffs. Market Performance and Trends Trading commenced with strong buying activity, and …

The federal government reduced its inflation forecast for August to a single digit on Friday, which could compel the central bank to consider a significant interest rate cut in the next monetary policy meeting. The Ministry of Finance’s monthly economic outlook projects inflation to range between 9.5% and 10.5% in August, with a further decline anticipated to 9% to 10% …

Pakistani Rupee Strengthens on Rising Forex Reserves and Moody’s Upgrade The Pakistani rupee showed signs of recovery on Friday, appreciating by Rs0.10 against the US dollar to close at Rs278.54 in the inter-bank market. This rebound follows a two-day decline, where the rupee had lost Rs0.32, reaching Rs278.64 against the dollar. The improvement in the rupee’s value has been attributed …