Sunday, May 5th, 2019
Vague economic policy cause of bearish trend in stock market
KARACHI: (DNA) – Experts of Pakistan Stock Exchange and capital market have called upon the government to take quick decision about the direction of economy and sign an agreement with the IMF as early as possible for the improvement of capital market.They have termed unnecessary delay in economic decisions, uncertainty, not fixing direction of economy, decline in interest rate in the market and fear of loss of billions of rupees as main reasons of dwindling investment in the market.Arif Habib, Chairman of Arif Habib Group, said that uncertainty is theRead More
Govt appoints Dr Reza Baqir as new SBP governor
ISLAMABAD (DNA) – PTI led federal government on Saturday appointed Dr Reza Baqir as the governor of the State Bank of Pakistan (SBP). “The President of Pakistan is pleased to appoint Dr Reza Baqir as Governor State Bank of Pakistan (SBP) for a period of three years from the date he assumes office,” read a notification from the government issued late Saturday night. A Harvard and Berkeley University of California alumnus, Dr Baqir has been with the IMF since 2000 and is presently the Fund s senior resident representative in Egypt.Read More