BUSINESS
Pakistan Secures $1 Billion from IMF as Part of $7 Billion Bailout Program
Prime Minister Shehbaz Sharif welcomed the IMF approval of this USD 1 billion tranche and underscored the failure of India's attempts to impact the decision. His office statement pointed out that the disbursement is a major milestone for Pakistan, in spite of India's efforts to discredit it.
SIP Inflows Soar to Record Rs 26,632 Crore in April, Says AMFI
Even though 1.36 crore SIP accounts were closed or matured, investor interest was strong, with the number of active SIP accounts increasing to 8.38 crore in April from 8.11 crore in March. Furthermore, 46 lakh new SIP accounts were added, higher than the 40.19 lakh new accounts in March.
Pakistan Denies X Posts on 'Loan Pleas Amid Heavy Losses,' Claims Account Was Hacked
In a tweet posted on its official X handle, Pakistan's Economic Affairs Division said, "The government of Pakistan appeals to International Partners for more loans after heavy losses inflected by enemy." The tweet further said, "Amid escalating war and stocks crash, we urge international partners to help de-escalate. Nation urged to remain steadfast."
US and UK Roll Out Initial Trade Deal from Trump Era
The news was made from the Oval Office, where President Trump spoke to the press, with U.K. Prime Minister Keir Stammer participating in the event by phone. The president previously teased the news on Truth Social, referring to it as a breakthrough in American trade policy.
Pakistan Stock Market Faces Major Setback Amid Rising Tensions with India
The KSE fell over 6% before trading was halted on Thursday. This is the continuation of a long slide in the market since the deadly terrorist attack at Pahalgam.
Markets Open Higher Amid Optimism Following India’s ‘Operation Sindoor’
At 9:34 am, the Sensex had jumped 160 points to 80,800, as the Nifty rose by 56 points to trade at 24,435.35, bouncing back from its low point in the morning.
Trade deal with India will raise living standards, deepen ties, Says UK PM Keir Starmer
Writing on social media site X, Starmer said, "The India trade deal will raise living standards, put more money in the pockets of British working people, and strengthen the special relationship between our two nations."
NSE Reports ₹4,397 Crore Q4 Income, Proposes ₹35 Dividend per Share
Q4 revenues derived from transaction fees totaled ₹2,939 crore, down 15% from the quarter that just preceded this one due primarily to subdued trading on both the cash and the derivative segments.
BSE Sees 364% Profit Surge, Declares Rs 23 Dividend Per Share
The BSE also experienced a strong growth in its revenue from core operations, which increased 75% to Rs 847 crore in Q4, from Rs 484 crore in the same quarter last year, according to the company's consolidated financial results.
PM Modi Finalizes Landmark India-UK Free Trade Agreement, Ensures Zero Duty on 99% of Indian Exports
The agreement was sealed over a telephonic conversation between the two leaders, where they also signed a Double Contribution Convention for safeguarding the interests of Indian workers in the UK.
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