Recent Posts

Government Predicts Inflation to Fall to 9.5-10.5% in August with a Positive Economic Outlook

Inflation Forecast and Economic Outlook August 2024 In a recent update, the government has projected a reduction in inflation to a range of 9.5-10.5% for August 2024. This forecast comes amidst positive trends in key economic indicators and efforts to stabilize the economy. The projection also suggests a further decline in inflation to 9-10% by September 2024, offering a cautiously …

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PSX Closes in Green as KSE-100 Index Gains Amid Positive Market Sentiment

PSX

Shares at the Pakistan Stock Exchange (PSX) traded positively on Friday, with the KSE-100 benchmark index climbing over 400 points in intraday trading before closing in the green. The index increased by 138.55 points, or 0.18%, to settle at 78,488.21 points, up from the previous close of 78,349.66. Market Drivers and Performance The initial surge in the market was attributed …

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Pakistan Awards $2 Billion Road Contract to China

China

Pakistan has relaxed its bidding rules to directly award a $2 billion contract to China for constructing a critical section of the Karakoram Highway, enhancing its strategic road connectivity with China. At the same time, the government approved a Rs78 billion incentive package for banks and exchange companies to boost foreign remittances. Direct Award of Road Contract to China The …

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