• Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use
Saturday, July 12, 2025
34 °c
Agartala
enewstime
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    Liverpool retire Diogo Jota's jersey number 20

    Liverpool retire Diogo Jota's jersey number 20

    Pat Cummins to skip white-ball series against South Africa

    Pat Cummins to skip white-ball series against South Africa

    3rd Test: Pant is still recovering from the hit, Jurel will continue to keep wickets, says BCCI

    3rd Test: Pant is still recovering from the hit, Jurel will continue to keep wickets, says BCCI

    Liverpool legend Steven Gerrard pays respect to Diogo Jota and Andre Silva

    Liverpool legend Steven Gerrard pays respect to Diogo Jota and Andre Silva

    3rd Test: Pope has his 'fingers crossed' as Stokes battles injury at Lord’s

    3rd Test: Pope has his 'fingers crossed' as Stokes battles injury at Lord’s

    'I have asked him for some tips..': Reddy credits Cummins’ advice for bowling success at Lord’s

    'I have asked him for some tips..': Reddy credits Cummins’ advice for bowling success at Lord’s

    3rd Test: Rotation of bowlers will be a critical thing, says Mel Jones

    3rd Test: Rotation of bowlers will be a critical thing, says Mel Jones

    Hockey India names 33-man core group for senior men's national camp

    Hockey India names 33-man core group for senior men's national camp

    Bengaluru to host Indian Open Para Athletics Championship on July 11–12

    Bengaluru to host Indian Open Para Athletics Championship on July 11–12

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    Liverpool retire Diogo Jota's jersey number 20

    Liverpool retire Diogo Jota's jersey number 20

    Pat Cummins to skip white-ball series against South Africa

    Pat Cummins to skip white-ball series against South Africa

    3rd Test: Pant is still recovering from the hit, Jurel will continue to keep wickets, says BCCI

    3rd Test: Pant is still recovering from the hit, Jurel will continue to keep wickets, says BCCI

    Liverpool legend Steven Gerrard pays respect to Diogo Jota and Andre Silva

    Liverpool legend Steven Gerrard pays respect to Diogo Jota and Andre Silva

    3rd Test: Pope has his 'fingers crossed' as Stokes battles injury at Lord’s

    3rd Test: Pope has his 'fingers crossed' as Stokes battles injury at Lord’s

    'I have asked him for some tips..': Reddy credits Cummins’ advice for bowling success at Lord’s

    'I have asked him for some tips..': Reddy credits Cummins’ advice for bowling success at Lord’s

    3rd Test: Rotation of bowlers will be a critical thing, says Mel Jones

    3rd Test: Rotation of bowlers will be a critical thing, says Mel Jones

    Hockey India names 33-man core group for senior men's national camp

    Hockey India names 33-man core group for senior men's national camp

    Bengaluru to host Indian Open Para Athletics Championship on July 11–12

    Bengaluru to host Indian Open Para Athletics Championship on July 11–12

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
No Result
View All Result
enewstime
  • Home
  • News
  • Sports
  • Business
  • Entertainment
  • Health
  • Features
  • Tenders
Home Business

Pak currency, stock markets take a hit as budget fails to restore investors’ confidence

ENEWSTIME Desk by ENEWSTIME Desk
June 13, 2022
in Business
30
VIEWS
Share on FacebookShare on Twitter

The Pakistani rupee (PKR) and stock markets lost further ground on Monday as the coalition governments maiden budget for the next fiscal year 2022-23 failed to restore investors’ confidence, contrary to the expectation of the market.

The local currency surpassed the critical threshold of 204 against the US dollar in the interbank market during intra-day trade, while the benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) plunged by nearly 800 points, Geo News reported.

“The sentiment is negative across all capital markets today,” capital market expert Saad Ali said.

The expert said that the federal budget for the next fiscal year was being seen as a “major milestone” for the revival of the stalled $6 billion International Monetary Fund (IMF) programme, Geo News reported.

However, Ali stated that the markets believe that the federal budget is “insufficient” and the Fund may not accept this budget.

“In line with the statement of Finance Minister Miftah Ismail over the weekend, the market players expect that the government might have to revisit its proposed allocations and targets set in the federal budget in order to convince the IMF,” he added.

Ali added that the federal budget has further jeopardised the revival of the much-awaited IMF programme.

He maintained that more clarity is needed as for now the sentiments are the government will have to do more.

Related Posts

Market drifts lower amid tariff jitters, Q1 earnings season key to lift sentiment
Business

Market drifts lower amid tariff jitters, Q1 earnings season key to lift sentiment

July 12, 2025
Air India crash: Both engines shut down after shift in fuel control switches; one pilot said he ‘didn’t do it’
Business

Air India crash: Both engines shut down after shift in fuel control switches; one pilot said he ‘didn’t do it’

July 12, 2025
Sensex, Nifty end lower as global trade worries add pressure
Business

Sensex, Nifty end lower as global trade worries add pressure

July 11, 2025
Adani Group to invest $100 billion over next five years: Gautam Adani
Business

Adani Group to invest $100 billion over next five years: Gautam Adani

July 11, 2025
Income Tax Dept releases excel utilities for ITR-2 and ITR-3 forms
Business

Income Tax Dept releases excel utilities for ITR-2 and ITR-3 forms

July 11, 2025
Committed to nurture next-gen innovation in 6G technology: Jyotiraditya Scindia
Business

Committed to nurture next-gen innovation in 6G technology: Jyotiraditya Scindia

July 11, 2025
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
D-2050 D-2050 D-2050
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

About us

Enewstime.in is run by an individual – a Journalist by profession of Tripura with the active help of several journos including senior journalists of the State. On top of that, Enewstime.in being a subscriber of IANS news agency, we have plenty of multi-choice topics to offer to our esteemed readers. Enewstime.in is a venture reach global audience from a tiny State Tripura.

Latest News

Africa records over 4,200 cholera, mpox deaths in 2025

New weekly injection to offer steady Parkinson's medication, cut need for daily pills

Adam Levine says he’s 'done' with tattoos

Market drifts lower amid tariff jitters, Q1 earnings season key to lift sentiment

Liverpool retire Diogo Jota's jersey number 20

India, WHO forge global alliance for traditional medicine through Jamnagar initiative

Contact us

19, Old Thana Road. Banamalipur. PO. Agartala. Pin code 799001. Tripura (West), India.

Email: enewstime2017@gmail.com

Wa: 8794548041

  • Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use

© 2025 Designed & Developed with ❤️ by Provibe Media LLP

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
  • Business
  • Entertainment
  • Health
  • Features
  • Tenders

© 2025 Designed & Developed with ❤️ by Provibe Media LLP