Minister-led economic team to have annual IMF, WB meetings
The KSE PSX 100-index plunged and started with a negative business in the Pakistan Stock Exchange as it fell by 222 points to reach 472,70 points.At one point in the trading session, the KSE-100 benchmark reached 47,384.84 with -108.73 . The market regained confidence as the US dollar continued its downward strength against the Pakistani currency and reached Rs282.60 in the interbank trading.
The caretaker finance minister, along with the economic team, is expected to discuss the sale of bonds in the international market. The team is also expected to meet with Chinese and Saudi finance ministers, according to sources.Global crude oil prices have seen a 5% increase in response to the ongoing conflict between Israel and Palestine, affecting markets worldwide.
The surge in oil prices comes after a period of consistent decline, with experts attributing the recent uptick to a combination of geopolitical tensions and economic factors.
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