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The Pakistan Stock Exchange (PSX) continued its upward drive this week but at a slower pace as profit-booking in three out of the five sessions eroded gains. Consequently, the benchmark KSE-100 index finished with a meagre 277 points increase during the week ended January 15. ....
ISLAMABAD: The is in talks with the International Monetary Fund (IMF) to put its fiscal support programme back on track, State Bank of Pakistan (SBP) Governor Dr Reza Baqir said. He was optimistic about the economic outlook despite the fallout from the Covid-19 pandemic. With dwindling foreign exchange reserves and a struggling economy, Pakistan entered a three-year $6 billion IMF bailout programme in 2019 but is yet to have its second review approved, which has been pending since early last year. “We hope to have good news for the market and the world that we are putting the programme back on track,” the central bank governor said in an interview on Monday at the Reuters Next conference. ....