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Shabbir Kazmi

Ever looming balance of payment crisis in Pakistan

Ever looming balance of payment crisis in Pakistan

Faced with an immediate balance of payment (BoP) crisis, the incumbent government headed by Imran Khan is working on a multi-pronged strategy, simultaneously approaching both friendly countries and International Monetary Fund (IMF) for BoP support. While initially sparking a wave …

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Pakistan stock market at a crossroad

Pakistan stock market at a crossroad

Inconclusive IMF talks have extended market uncertainty, but a lack of definitive bearish movement indicates money managers are paying due attention to eventual money inflows from different avenues, Saudi Arabia, China and International Monetary Fund (IMF).The timing of fund flows …

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Stock Review

Stock Review

Sentiment leans to favor bears over delay in IMF talks and funding from ‘friendly countries’ Pakistan equity market remained under pressure due to inconclusive meeting with International Monetary Fund (IMF) and delay in funds transfer from Saudi Arabia. The benchmark …

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Stock Review

Stock Review

Healthy volume witnessed, support packages from China and UAE in spotlight For the week ended 2nd November 2018, the benchmark Index of Pakistan Stock Exchange (PSX) closed above 42,000 points, up 3.57%WoW. Investors awaited details of support packages from China …

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Can Saudi package resolve all the woes of Pakistan?

Can Saudi package resolve all the woes of Pakistan?

Reportedly, Saudi Arabia has finally agreed to offer Pakistan a US$6 billion support package to overcome its prevailing precarious current account deficit crisis. According to the details the Kingdom will transfer US$3 billion directly to Pakistan, while another one-year deferred …

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Stock Review

Stock Review

Bulls back in the ring as stocks likely to maintain positive atmosphere During the week ended 26th October 2018 the benchmark Index of Pakistan Stock Exchange (PSX) closed at 40,556 points, up 5.5%WoW. The reversal in trend was prompted by …

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