Tag: High
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PSX surpasses 43,000-mark as IMF tranche inches closer
As trading began on Monday, the Pakistan Stock Exchange (PSX) resumed its upward trend, rising more than 700 points to cross the 43,000-mark. The benchmark KSE-100 index gained 764.25 points, or 1.78 per cent, from its previous finish of 42,857.57. The benchmark KSE-100 index increased by 731.54 points, or 1.71 per cent, by 2:13 pm…
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SBP determined to curb inflation, improve foreign exchange reserves
In a recent interview, the Governor of the State Bank of Pakistan (SBP), Dr. Reza Baqir expressed concern over the continuous deterioration in foreign exchange reserves but remained optimistic that a renewal of loans will be witnessed in the near future, which, coupled with SBP’s initiatives, will enhance market confidence. He claimed that the decline in…