Bulls surge in the PSX amid hopes of policy rate cut by SBP
KARACHI – The Pakistan Stock Exchange continues to witness upward rally as the investors await the State Bank of Pakistan’s announcement regarding monetary policy.
This latest surge in the PSX is said to be caused by the expected policy rate cut in the Monetary Policy Committee meeting.On the other hand, the dollar appreciated against Pakistani rupee by Rs0.07, currently standing at Rs277.77.Former federal minister Gohar Ejaz said that the government should announce a winter package for the industry immediately.
The business leaders urged the government to reduce the interest rate to 12.5% immediately, with a further decrease to 5% by December 31, 2024. Gohar Ejaz cautioned that Pakistan’s industrial sector was on the point of collapse, describing factories as “turning into graveyards.”
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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