Thai rates still low, tightening to be gradual, says central bank official BANGKOK: Thailand’s policy interest rate remains low and further tightening will be gradual to curb inflation risks... Published 25 Jun, 2023 05:37pm
Business & Finance SPI-based inflation rises slightly ISLAMABAD: The Sensitive Price Indicator (SPI)-based inflation for the week ended June 22, 2023 increased by 0.33 ... Published 24 Jun, 2023 06:02am
Opinion FY23: a very bad year for economy The Economic Survey of Pakistan (2022-23), released by the Ministry of Finance (MoF), as per tradition a day before... Published 23 Jun, 2023 06:00am
Business & Finance Bank of England hikes rates to 5% in surprise move to tackle stubborn inflation LONDON: The Bank of England raised interest rates by a bigger-than-expected half a percentage point on Thursday... Updated 22 Jun, 2023 04:34pm
Markets Wall St drops as Powell doubles down on inflation fight NEW YORK: Wall Street’s main indexes fell on Wednesday, with the Nasdaq leading declines, as Federal Reserve Chair... Published 22 Jun, 2023 05:45am
Business & Finance Dollar edges down after Powell testimony NEW YORK: The US dollar edged down against a basket of currencies on Wednesday after Federal Reserve Chair Jerome... Published 22 Jun, 2023 05:45am
World US Federal Reserve chair says additional rate hikes likely WASHINGTON: Federal Reserve Chair Jerome Powell said Wednesday that additional US interest rate hikes will likely be... Published 21 Jun, 2023 05:42pm
BR Research CAD roundup: 11MFY23 The current account posted a surplus for the third consecutive month – last three months (March to May) surplus... Published 21 Jun, 2023 09:50am
Editorials All ebb and no flow EDITORIAL: It comes as no surprise that investor confidence in Pakistan these days is very low, if not at its lowest... Published 21 Jun, 2023 05:51am
Opinion Residual thoughts on FY24 budget The budget 2023-24 envisages 23.7 billion dollars of external borrowing – an amount premised on a rupee dollar... Published 19 Jun, 2023 07:12am
Business & Finance SPI inflation up 0.2pc WoW ISLAMABAD: The Sensitive Price Indicator (SPI)-based inflation for the week ended June 15, 2023, increased by 0.2... Updated 17 Jun, 2023 10:27am
Opinion Huge global economic policy challenges ‘The world is facing numerous extreme, interlinked challenges, including a climate emergency and growing economic... Published 16 Jun, 2023 06:27am
Opinion Budget 2023-24: Impediments to a viable economy The provisional data issued by the National Accounts Committee portray a bleak picture of the economy where real GDP... Published 16 Jun, 2023 06:27am
Business & Finance ECB raises rates to 22-year high even as economy stutters FRANKFURT: The European Central Bank raised borrowing costs to their highest level in 22 years on Thursday and left... Published 16 Jun, 2023 06:27am
Business & Finance Shift to solar energy can cut inflation: NBG KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, Mian... Published 16 Jun, 2023 06:27am
World Swedish inflation dips below double digits STOCKHOLM: Swedish inflation dipped under 10 percent for the first time in over six months in May, official... Published 14 Jun, 2023 06:19pm
Editorials Interest rates: the policy debate EDITORIAL: The Monetary Policy Committee’s (MPC) decision to keep the policy rate unchanged at 21 percent came as... Published 14 Jun, 2023 06:21am
Print July-May remittances plunge 13pc to $24.83bn YoY KARACHI: Inflows of workers’ remittances registered a sharp decline of 13 percent during the first 11 months of this... Updated 14 Jun, 2023 09:01am
Business & Finance OICCI’s survey highlights decline in business confidence KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI) has shared the results of a comprehensive... Updated 14 Jun, 2023 08:59am
Business & Finance Dollar sinks as US inflation data affirms Fed pause view NEW YORK: The dollar fell on Tuesday after data showed the smallest annual increase in inflation in more than two... Published 14 Jun, 2023 06:21am
Pakistan Opposition describes federal budget as ‘mere fudging of figures’ ISLAMABAD: The opposition on Monday dismissed the new federal budget as “mere fudging of figures and gross... Published 13 Jun, 2023 06:00am
Markets Wall St climbs with focus on inflation data, Fed decision NEW YORK: Wall Street’s main indexes rose on Monday, extending a recent rally, as investors awaited inflation data... Published 13 Jun, 2023 06:00am
Business & Finance SBP leaves policy rate unchanged KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has decided to keep the policy rate... Updated 13 Jun, 2023 12:26pm
Markets SBP keeps key interest rate unchanged at 21% Monetary Policy Committee views inflation to have peaked in May and, barring any foreseen developments, expects it to start falling from June onwards Updated 12 Jun, 2023 06:19pm
Opinion ‘Helpless against inflation’ This is apropos a letter to the Editor carried by the newspaper yesterday. It is increasingly clear that things are... Updated 10 Jun, 2023 06:07am
Pakistan In budget 2023-24, Pakistan envisages over $19bn in external financing To meet budgeted targets, govt says it will seek $2.4bn from IMF, another $4.5bn from commercial banks Updated 09 Jun, 2023 11:11pm
Business & Finance FPCCI board seeks 100bps cut in key policy rate KARACHI: The Policy Advisory Board of FPCCI says inflation is cost-pushed and policy rates have proved to be an... Published 09 Jun, 2023 06:20am
Opinion Helpless against inflation The government can blame external factors like high commodity prices or IMF’s conditions like withdrawal of... Published 09 Jun, 2023 06:20am
Opinion Climate change, debt, and inflation “If you’ve been feeling confused and as though everything is impacting on you all at the same time, this is not ... Updated 09 Jun, 2023 07:10am
Opinion What does Economic Survey lack? Economic Survey 2022-23, unlike previous surveys, raises more questions of competence as opposed to credibility,... Published 09 Jun, 2023 06:20am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
In historic visit, Iran President Raisi says decision made to increase bilateral trade five-fold to $10bn