Pakistan’s foreign exchange reserves, managed by the central bank, saw a substantial increase of $393 million, reaching $4.462 billion by the week ending June 30, according to the latest report by the State Bank of Pakistan. This surge in reserves can be attributed to the inflow of official funds. The total reserves held by the… Read More »
The Pakistani rupee witnessed a significant surge in the interbank market on Tuesday, following a breakthrough deal with the International Monetary Fund (IMF). Bullish Trend in Currency Market Inspired by Pakistan Stock Exchange (PSX) Taking inspiration from the remarkable 5.9% surge in the Pakistan Stock Exchange (PSX) during the first trading session on Monday, the… Read More »
The government of Pakistan has developed a new Medium-Term Debt Management Strategy to address its external financing needs in the coming years. With the support of the International Monetary Fund (IMF), the government aims to secure funding through 10- to 15-year international bonds and concessional multilateral loans. Additionally, it intends to diversify its local debt… Read More »
In recent times, few stocks have captured the attention of Wall Street as much as Palantir Technologies Inc., a company at the forefront of the artificial intelligence revolution. Despite facing challenges in the past, Palantir’s stock witnessed a remarkable surge, more than doubling in value over a six-week period starting from May. This impressive rally,… Read More »