Stocks falter on delay in deal with lender

KARACHI: Share prices closed on the lower side on Tuesday as investors rea­cted negatively to the news report that the Inter­national Monetary Fund (IMF) requires assurance on financing the expected gap in the balance of payments in 2022-23. Analyst Ahsan Mehanti said the ratings’ downgrade by Moody’s of five banks along with a slump in textile exports, which dropped 28 per cent to $1.2 billion … Continue reading Stocks falter on delay in deal with lender