Govt debt surges by 11pc to Rs36 53tr - Newspaper dawn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dawn.com Daily Mail and Mail on Sunday newspapers.
Business
March 5, 2021
Stocks caved in on Thursday after the government suffered a political fiasco in Senate elections, while a spike in rates on Pakistan Investment Bonds also wounded the sentiment, dealers said.
Pakistan stock exchange (PSX) KSE-100 shares index shed 1.91 percent or 882.24 points to close at 45,278.54 points.
Prime Minister Imran Khanâs senate candidate Finance Minister Hafeez Shaikh lost a closely-fought battle against the opposition-backed former Prime Minister Yousuf Raza Gilani.
âSubsequent to the loss, PM has announced a vote of confidence on Saturday in order to restore confidence in the government. This would take down the political turmoil,â analysts said.
Stocks topple on PTI s senate poll debacle thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
Stocks topple on PTI s senate poll debacle thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
The 73-paisa gain on Wednesday tossed the rupee to its highest level during the current fiscal year against the US dollar at Rs157.12 in the interbank market. Reuters/File
KARACHI: The 73-paisa gain on Wednesday tossed the rupee to its highest level during the current fiscal year against the US dollar at Rs157.12 in the interbank market.
The local currency has so far recovered 6.8 per cent in 2020-21 against the greenback on the back of higher inflows and slow demand for US dollars.
The rupee closed at Rs157.12 in interbank market from Rs157.85 on Tuesday. The dollar price recorded a fall of Rs2.97, or 1.8pc, during the last 30 days.