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LONDON: S&P Global raised Pakistan’s sovereign credit rating to ‘B-’ from ‘CCC+’ and placed it on a ‘stable’ outlook on Thursday, saying the country’s finances and reserves had been stabilised by International Monetary Fund support. “The stable outlook reflects our expectations that continued economic recovery and government efforts to enhance
KARACHI: The Pakistani rupee saw a slight gain against the US dollar, appreciating by 0.07% in the inter-bank market on Wednesday. By the end of the trading session, the rupee closed at 284.76, marking an increase of Re0.21 from Tuesday’s closing rate of 284.97. Globally, the US dollar weakened against
KARACHI: The Pakistan Stock Exchange (PSX) experienced mild pressure on Tuesday as investors engaged in profit-taking, reassessing the sustainability of the recent bullish trend. This led to a modest retreat across key sectors. The benchmark KSE-100 Index declined by 165.26 points, or 0.12 percent, closing at 139,254.36 points, down from
ISLAMABAD: The Directorate General of Customs Valuation, Karachi, has fixed customs value $0.08/Watt to $0.09/Watt on the import of solar panels of all origin. According to a valuation ruling (2012 of 2025) issued by the directorate on Monday, several representations were received by the Directorate of Customs Valuation, Karachi, emphasising
