KARACHI: Pakistan’s weekly inflation reading, called the Sensitive Price Indicator (SPI), hit a three-year low as it decelerated to 14.07% in the week ended September 5, 2024 compared to the same period of last year. On a week-on-week basis, the short-term inflation rate decreased 0.15% on the back of a reduction in energy and food … Read more
KARACHI: Amid mounting economic pressures, a recent Ipsos survey reveals a sharp decline in national optimism, with only 10% of Pakistanis believing the country is heading in the right direction. Released on Friday, the survey underscores a growing divide between rural and urban perspectives, with rural residents showing slightly more optimism than their urban counterparts. … Read more
KARACHI: Pakistan Stock Exchange (PSX) registered a modest fall of nearly 100 points on Wednesday amid growing concerns over the poor economic outlook and uncertainty surrounding the rollover of $9 billion worth of loans. In the morning, the trading day started off on a positive note, with the KSE-100 index reaching its intra-day high of … Read more