The benchmark index was down over 1,000 points in intra-day trading after downgrading the outlook of Pakistan from stable to negative.

Fitch lowered Pakistan's outlook from stable to negative citing the country's notable deterioration in external liquidity since early 2022.

Finance Minister said the development of Reko Diq represented the largest direct foreign investment in Baluchistan.

According to IMF sources, any delay could cause a delay in the board meeting that will approve the release of a $1.17 billion loan tranche.

During intra day trading on Monday, the rupee fell to 215 after a depreciation of nearly 1.9% against the US dollar in the inter-bank market.

Inflow from workers’ remittances rose to a record $31.2 billion in FY22, 6 percent higher as compared to FY21.

The federal government has decided to sell 120,000 MT of wheat to the UN's WFP for Afghanistan at full import cost in US dollars.

Pakistani delegation visits Kabul to negotiate on trade, transit, transportation problems and night-time operations of border facilities..

According to the IMF, its deal with Pakistan would result in a "straightaway" disbursement of $1.17 billion to the country.

Auto sales jumped by 55% in the year 2021-22, but growth is expected to slowdown as financing costs rise and there is a lack of parts.

Encouraging local IT companies to engage in the China-Pakistan Economic Corridor (CPEC) is highly significant

According to Bloomberg’s ranking of countries with the highest default risk in 2022, Pakistan is at fourth position.