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MSCI decision to fuel inflows at PSX Research firm upgrades Lucky Cement, adds TRG Pakistan in global indexes As per the latest MSCI decision, Pakistan’s weight in MSCI Global Standard Indexes has improved to 0.023% compared to 0.016% earlier. PHOTO: FILE KARACHI: Morgan Stanley Capital International (MSCI) - which provides research-based indexes and analytics to global stock market investors - has conducted a semi-annual review to recompose its global indexes on Wednesday. Accordingly, it has upgraded one Pakistani company to its emerging markets MSCI Global Standard Indexes from its MSCI Global Small Cap Indexes. Besides, it has added one new company from the country to its small cap indexes and deleted four companies in total from the two indexes, according to results of the May 2021 Semi-Annual Index Review. ....
Tarin faces challenge to contain inflation without hurting growth Business April 18, 2021 KARACHI: Veteran banker Shaukat Tarin who’s been appointed as the new federal finance minister will face daunting challenges to control inflation, spur growth, broaden tax base and support social safety net, analysts and industrialists said on Saturday. “The key challenge for the recently appointed finance minister is to control inflation, addressing low GDP growth and the spread of the third wave of COVID-19,” Saad Hashemy, executive director at BMA Capital said. “It will be challenging to increase GDP growth while maintaining fiscal discipline. Only if inflation is controlled and interest rates remain low, then there is a chance of some increase in GDP growth.” ....
Is Pakistan ‘Drowned In Debt’ And Losing Its Political & Strategic Autonomy To China? Sun Online Desk 1st January, 2021 08:14:26 China, with its BRI (Belt and Road Initiative) project, is making sure that Pakistan is completely debt-trapped, forced to ‘part’ with its territories, and loses political and strategic autonomy significantly. Media reports have indicated that China is not inclined to entertain Islamabad’s request to finance the US$6.1 billion Main Line-1 (ML-1) railway project, the biggest component of the Chinese flagship CPEC (China-Pakistan Economic Corridor) project, at a 1 percent interest rate. In the ML-1 project, the interest rates have been negotiated, re-negotiated, suspended, and re-commenced. Beijing is aware that in the given global scenario and Pakistan’s precarious financial state, it cannot dictate terms and hence after some posturing, will be forced to accept the Chinese terms, whatever be the cost political, economic, ....
December 30, 2020 China, with its BRI (Belt and Road Initiative) project, is making sure that Pakistan is completely debt-trapped, forced to ‘part’ with its territories, and loses political and strategic autonomy significantly. Media reports have indicated that China is not inclined to entertain Islamabad’s request to finance the US$6.1 billion Main Line-1 (ML-1) railway project, the biggest component of the Chinese flagship CPEC (China-Pakistan Economic Corridor) project, at a 1 percent interest rate. In the ML-1 project, the interest rates have been negotiated, re-negotiated, suspended, and re-commenced. Beijing is aware that in the given global scenario and Pakistan’s precarious financial state, it cannot dictate terms and hence after some posturing, will be forced to accept the Chinese terms, whatever be the cost political, economic, and strategic. ....