KSE-100 Index climbs over 70,000 hurdle
Pakistan Stock Exchange enters new territory on the promised Saudi investmentMohammed bin Salman and Shehbaz Sharif on Monday reaffirmed their commitment to expedite the first phase of a new investment package by Saudi Arabia
Investors are waiting anxiously for the inflows from the Gulf States which haven’t been materialised yet. However, the latest commitment made by Saudi Crown Prince Mohammed bin Salman may break the deadlock and set a precedent for others. The market has already been moving in a record-shattering upward trajectory after the consumer price index data for March showed a more than expected decline in inflation, which represented a continuation of the trend witnessed since the start of the current calendar year.
However, the rising power and gas tariffs as well as fuel prices are expected to influence the central bank’s decision about any rate cuts as the hikes will automatically sustain and fuel inflation.
KSE-100 Index Shehbaz Sharif Mohammed Bin Salman Saudi Investment IMF Interest Rates Inflation Rate Cuts CPI Consumer Price Index Privatisation Gas Tariffs Fuel Prices
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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