positive outlook
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Business
Karachi Stock Exchange Witnesses 7.3% Weekly Surge
Karachi’s Stock Exchange, PSX, ended the week on a historic high, the KSE-100 index reaching an unprecedented 66,223.63, up 7.3% WoW. Caretaker Prime Minister Anwaarul Haq Kakar’s visit, launching a Rs 30 billion Ijara Sukuk, fueled the surge. Bullish sentiments prevailed, driven by factors like anticipation of IMF approval for a $700 million loan tranche and positive economic outlook. Throughout…
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World News
Australia: Grieving Widow Seeks Support to Send Husband’s Remains to India
In a tragic incident in Melbourne, Australia, 26-year-old Indian man Khusdeep Singh lost his life in a car crash on Palmers Road around 11:15 pm. Singh’s vehicle crossed the median strip and rolled multiple times, resulting in his demise. Emergency services responded promptly, but Singh succumbed to his injuries at the scene. Investigations are ongoing, with authorities considering fatigue as…
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Money
IIFL Samasta Finance Gears Up for ₹1,000 Crore Bond Listing on BSE and NSE
IIFL Samasta Finance, a prominent NBFC-MFI in India, is set to raise ₹1,000 crore through its debut public offering of secured bonds. The funds aim to support business expansion and enhance capital resources, offering investors a secure opportunity with interest rates up to 10.50%. The company plans to issue ₹200 crore initially, with a green-shoe option for oversubscription, potentially raising…
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