Trader s Guide to Pakistan Elections Ahead of Crucial IMF Deal bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
KARACHI: Pakistani startups attracted investment worth over $350 million in the last and $189 million in this fiscal year; however, most of that capital never landed in the country, as the venture.
Adviser to Prime Minister of Pakistan for Commerce and Investment Abdul Razak Dawood has announced Wednesday that Pakistan’s exports increased to a record high of $2.9 billion in November this year. It is a 33% YoY increase as the country exported goods and services $2.174 billion worth in November 2020. The adviser posted the latest figures on Twitter and said the data on imports will be shared “shortly”. We are glad to inform that 🇵🇰 Pakistan’s exports during Nov 2021 increased by 🔼 33% to a historic monthly high of USD 2.903 billion as compared to USD 2.174 billion during the corresponding period last year. Our target for the month was USD 2.6 billion. Abdul Razak Dawood (@razak.
The Pakistan Stock Exchange’s benchmark KSE-100 index was trading at 45,054 points Monday afternoon. The market saw a positive change last week too after a continuous decline. The index increased by more than 300 points. On November 29, analyst Raza Jafari told SAMAA Digital that the index rose by over 2%. “The monetary policy announcement last week, which revealed an increase in interest rates, sent the PSX tumbling,” he pointed out. On November 19, the State Bank of Pakistan increased the interest rate by an incredible 150 basis points to 8.75%. The decision was aimed at controlling the rising inflation in the country. Soon after the news broke out, traders expressed reserva.