Business & Finance » Interest Rates

Business & Economy

7th straight status quo: SBP holds key interest rate at 22%

Upcoming budgetary measures may have implications for the near-term inflation outlook, Monetary Policy Committee says in press release

Updated 29 Apr, 2024 09:53pm

2024-04-29-02-42

Fed to meet amid dwindling hopes of summer rate cuts

WASHINGTON: The US Federal Reserve is highly likely to keep interest rates unchanged later this week, as...

Updated 29 Apr, 2024 09:20am

Interest Rates

SBP expected to hold rates on Monday ahead of IMF deal, Reuters poll finds

KARACHI: A Reuters poll found that the State Bank of Pakistan (SBP) is expected to hold its key interest rate at a...

Updated 26 Apr, 2024 09:49pm

Interest Rates

To cut or not to cut: SBP might opt for caution in monetary policy

Reports by two brokerage houses suggest Pakistan's central bank poised to maintain cautious policy stance

Published 19 Apr, 2024 08:15pm

Business & Economy

Pakistan’s inflation deceleration broad-based, says central bank chief

Jameel Ahmad says qualitative improvements in external account allowed the State Bank to more than double its foreign exchange reserves since January 2023

Updated 18 Apr, 2024 10:43pm

Interest Rates

China central bank keeps policy rate unchanged, drains cash from banking system

SHANGHAI/SINGAPORE: China’s central bank on Monday left a key policy rate unchanged as expected when rolling over...

Published 15 Apr, 2024 09:09am

Money & Banking

Bank of Canada: can’t cut rates until it sees more inflation progress

OTTAWA: The Bank of Canada (BoC) kept its key interest rate unchanged at a near 23-year high of 5% on Wednesday and...

Published 10 Apr, 2024 07:58pm

Interest Rates

Sri Lanka unexpectedly cuts policy rates by 50 bps to spur growth

COLOMBO: Sri Lanka’s central bank lowered interest rates by 50 basis points in an unexpected move on Tuesday as...

Published 26 Mar, 2024 10:51am

Money & Banking

National Saving Schemes: CDNS raises rates on some products

Changes take effect from March 19 onward

Updated 22 Mar, 2024 10:34pm

Interest Rates

Fed still sees three rate cuts in 2024 amid sticky inflation, stronger economy

WASHINGTON: The Federal Reserve held interest rates steady on Wednesday, but policymakers indicated they still...

Published 20 Mar, 2024 11:13pm

Money & Banking

SBP keeps key policy rate unchanged at 22%

This is the sixth successive decision to hold rates by Pakistan's central bank

Updated 18 Mar, 2024 08:43pm

Money & Banking

Brokerage house sees ‘strong possibility’ of policy rate cut of 100bps in upcoming MPC

A brokerage house sees “strong possibility” that the State Bank of Pakistan (SBP) may cut the key policy rate by 100...

Updated 12 Mar, 2024 10:38pm

Money & Banking

KIBOR falls after ‘lower-than-expected’ inflation reading

The Karachi Interbank Offered Rate (KIBOR) dropped notably following the release of Consumer Price Index (CPI)-based...

Updated 04 Mar, 2024 09:04pm

Money & Banking

National Saving Schemes: CDNS reduces rates of return on majority instruments

The Central Directorate of National Savings (CDNS) has again revised the rates of return on majority of its National...

Updated 21 Feb, 2024 10:05pm

2024-02-01-02-28

Fed holds rates steady

WASHINGTON: The Federal Reserve left interest rates unchanged on Wednesday but took a major step towards lowering...

Published 01 Feb, 2024 04:52am

Business & Economy

SBP keeps key policy rate unchanged at 22%

Central bank governor conveys MPC has revised projected inflation figure for FY24 from 20-22% to 23-25%

Updated 29 Jan, 2024 09:48pm

Financial

National Saving Schemes: CDNS reduces rates of return on some products

The Central Directorate of National Savings (CDNS) has revised the rates of return on some of its National Savings...

Updated 26 Jan, 2024 08:34pm

Interest Rates

Monetary Policy Committee: SBP issues advance calendar for meetings in January-June 2024

Schedules 4 huddles during six-month period, with first one on January 29

Published 23 Jan, 2024 06:46pm

Interest Rates

SBP’s monetary policy committee to meet on January 29

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will meet on Monday, January 29, 2024 to...

Updated 23 Jan, 2024 09:38pm

Business & Economy

Inflation to remain elevated in January, could clock in at 27.9%: brokerage house

Consumer Price Index (CPI)-based inflation in Pakistan is expected to remain elevated, and could clock in at 27.9%...

Updated 23 Jan, 2024 10:56pm

2024-01-07-01-35

Fed’s Logan: should not rule out another rate hike

WASHINGTON: Federal Reserve Bank of Dallas President Lorie Logan on Saturday warned that the US central bank may ...

Published 07 Jan, 2024 02:43am

2024-01-06-02-54

Policy rate likely to remain unchanged

KARACHI: The State Bank of Pakistan (SBP) is most likely to maintain the policy rate at 22 percent in the next...

Updated 06 Jan, 2024 09:47pm

2023-12-19-02-20

SBP official explains latest monetary policy decision

KARACHI: The Director of the Monetary Policy Department State Bank of Pakistan (SBP), Amin Lodhi has discussed the...

Updated 19 Dec, 2023 09:33am

USA

Fed flags end of rate hikes, sees lower borrowing costs in 2024

WASHINGTON: The Federal Reserve held interest rates steady on Wednesday and signaled in new economic projections...

Published 14 Dec, 2023 12:34am

Business & Economy

‘High external funding risks’: Fitch maintains Pakistan’s rating at CCC

Notes there are risks pertaining to policy implementation as parties across the political spectrum have extensive record of failing to implement or reversing reforms agreed with the IMF

Updated 13 Dec, 2023 05:56pm

Interest Rates

SBP keeps key policy rate unchanged at 22%

Majority analysts had expected central bank to hold key interest rate

Updated 12 Dec, 2023 10:49pm

Business & Economy

SBP seen holding key policy rate as monetary policy committee meets Tuesday

Pakistan's key rate was raised to an all-time high of 22% in June and has stayed unchanged for the last three rate meetings

Updated 11 Dec, 2023 09:32pm

Business & Economy

Experts see status quo in last monetary policy announcement of 2023

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) is set to meet on Tuesday, December 12,...

Updated 06 Dec, 2023 10:41pm

USA

Fed leaves rates unchanged, acknowledges economy is ‘strong’

WASHINGTON: The Federal Reserve held interest rates steady on Wednesday but left the door open to a further increase...

Published 01 Nov, 2023 11:18pm

Interest Rates

National Saving Schemes: CDNS revises rates on its products

Changes take effect from October 30 onward

Updated 01 Nov, 2023 10:45pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 29	278.53
USD PKR Interbank Buying / Apr 29	278.03
USD to Japanese Yen / Apr 29	156.41
USD to Swiss Franc / Apr 29	0.91
Pound Sterling to USD / Apr 29	1.25
Euro to USD / Apr 29	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Dow Jones / Apr 26	38239.66
India Sensex / Apr 29	74257.68
Hang Seng / Apr 29	17861.75
FTSE 100 / Apr 29	8179.85
Germany DAX 30 / Apr 29	18202.27

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Crude Oil USD/Barrel / Apr 29	83.16
Gold 10 Grams PKR / Apr 29	209105
Gold Spot USD/Ounce / Apr 29	2332.70
Cotton US¢/pound / Apr 29	82.15
Petrol/Litre / Apr 30	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 30 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 30 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 30 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 30 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 30 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 30 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 30 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 30 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 30 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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