Mar 17

SBP cuts policy rate by 75bps below expectations: analysts

KARACHI: Analysts have said that the policy rate cut by 75 basis points by the State Bank of Pakistan (SBP) is below the street expectations. The central bank in its Monetary Policy Statement (MPS) has cut Policy Rate by 0.75 percent to 12.5 percent – lower-than-our expectations of 1.0 percent, analysts at Topline Securities said. […]

by Mrs. Anjum Shahnawaz

Share market collapses by another 1,068 points on global financial slippage

KARACHI: The local share market collapsed by another 1,068 points on Tuesday after following slippage in global financial markets on coronavirus spread. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 32,617 points as against 33,684 points showing a decline of 1068 points. Analysts at Arif Habib Limited said that the market opened […]

by Mrs. Anjum Shahnawaz

Rupee falls by two paisas against dollar

KARACHI: The Pak Rupee fell by two paisas against dollar on Tuesday amid demand from importers and corporate buyers. The rupee ended Rs158.43 to the dollar from previous day’s closing of Rs158.41 in interbank foreign exchange market. Currency experts said that the rupee had fallen significantly earlier in the day owing to demand from importers […]

by Mrs. Anjum Shahnawaz