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Pakistan’s external financing gap likely to expand after $2bn repayment to UAE

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A trader counts U.S. dollar banknotes at a currency exchange booth in Peshawar, Pakistan January 25, 2023. — ReutersOn IMF staff-level deal, June 2026 forex reserve target dropped to $17.5bn.External financing gap estimated at $460m, per top official sources.$3.7bn deposits from UAE,…

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PSX sees turbulent trading with wide intraday swings

A broker talks on phone as he looks at an index board showing the latest share prices at the PSX in Karachi on February 10, 2023. — AFP

The equity market witnessed a volatile session on Friday, with the benchmark index fluctuating sharply.

The Pakistan…