Sri Lanka, a country in South Asia, made its first financial default in May 2022. Its government was given a deadline of 30 days to pay the unpaid interest of $78 million, but it failed to do so. Which other nations are at risk of default in 2022, which poses an essential question? Here are … Read more
KARACHI: The Pakistan equity market witnessed a lacklustre session on Friday after investors opted for profit taking which dragged the Index to close in a negative zone. An analyst at Arif Habib Limited said that the market remained range bound throughout the day as investors opted for profit taking. “The benchmark KSE-100 Index opened in … Read more
Ukraine’s central bank has doubled its interest rate to the highest level for any European country. The move is intended to slow soaring inflation and prevent a further collapse of its currency. World Bank predicts that Ukraine’s economy could shrink by as much as 45% this year. The pace of expansion – or the cost … Read more
KARACHI: The equity stocks nosedived on Friday after Moody’s downgraded Pakistan’s outlook to negative on fiscal risks amid delays in the International Monetary Fund (IMF) bailout and concerns over global equity selloff. Ahsan Mehanti at Arif Habib Corp said that the dismal data of $43.33 billion trade deficit for the period of July-May during fiscal … Read more
