Pakistan stock market tumbles as investors fret about unclear economic policy

KARACHI, Pakistan : Pakistan's stock market fell by more than 3 per cent on Monday, its biggest daily decline in five months, and the rupee continued its slide against the dollar as uncertainty grew over the new government's economic plans to restart a stalled IMF programme.

Prime Minister Shahbaz Sharif took over last month after ousting former premier Imran Khan, who was blamed for mishandling the economy. Pakistan is in dire need of external financial support due to a widening current account deficit and foreign reserves falling below $10.5 billion, equivalent to less than two months of imports.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Asian stocks tumble on global anxieties over inflationAsian stocks fell Monday as investors remained anxious over inflation and the ongoing impact of China's Covid lockdown policies, despite an initial Wall Street bounce thanks to a solid US jobs report.
Fonte: YahooSG - 🏆 3. / 71 Leggi di più »

Four-fifths of EM funds still trapped in Russian stocks - researchLONDON : Fewer than a fifth of actively managed emerging market equity funds have cut their exposure to Russian stocks to zero, data from Copley Fund Research shows, with a number of funds unable to sell out. Russia has been severed from global financial markets, and its stocks and bonds ejected from inde
Fonte: ChannelNewsAsia - 🏆 6. / 66 Leggi di più »