Understanding austerity There is a general confusion in Pakistan, whereby austerity policies are taken as belt-tightening in terms of... Published 10 Mar, 2023 03:46am
Opinion 300bps hike in interest rate: unbelievable! Raising interest rate by 300 basis points (bps) to 20 percent by State Bank of Pakistan is highly unbelievable. A... Published 03 Mar, 2023 06:12am
Markets SBP raises key interest rate by 300bps, takes it to 20% Monetary Policy Committee expects inflation to rise further in the next few months Also moves next MPC meeting to April 4 from April 27 Updated 02 Mar, 2023 09:20pm
Business & Finance Next MPC meeting so far scheduled on March 16, says SBP SBP chief spokesperson's statement comes amid widespread speculation the central bank is likely to increase interest rate in off-cycle review Published 23 Feb, 2023 08:38pm
Business & Finance Fed must be ready to hike rates for longer than now expected, Logan says The U.S. central bank will need to keep gradually raising interest rates to beat inflation, Dallas Federal Reserve... Updated 14 Feb, 2023 11:18pm
Opinion Budgetary outcome in 1HFY23 The information on fiscal operations from July to December 2022 of the federal and the provincial governments has... Published 14 Feb, 2023 05:58am
Markets Most Gulf markets gain as interest rate fears ease DUBAI: Most Gulf stock markets closed higher on Wednesday, tracking oil and global equities after comments from the... Published 09 Feb, 2023 06:02am
Business & Finance Bank of England hikes interest rate tenth time in row LONDON: The Bank of England on Thursday hiked its interest rate for a tenth time in a row as global authorities race... Published 02 Feb, 2023 05:50pm
Business & Finance Fed delivers small rate hike, still expects ‘ongoing increases’ WASHINGTON: The Federal Reserve raised its target interest rate by a quarter of a percentage point on Wednesday, yet... Published 02 Feb, 2023 06:12am
Markets Easing inflation worries lift Wall Street ahead of Fed decision NEW YORK: US stocks rose on Tuesday as labour cost data indicated that the Federal Reserve’s aggressive approach ... Published 01 Feb, 2023 07:31am
Markets Most Gulf markets fall on lower oil prices DUBAI: Most Gulf stock markets closed lower on Tuesday, as falling oil prices and expectations of an interest rate... Published 01 Feb, 2023 07:18am
Print Fitch says PKR to further weaken ISLAMABAD: The Pakistani rupee is expected to weaken further, particularly with the country’s balance of payments... Updated 01 Feb, 2023 11:30am
Business & Finance US Fed starts policy meeting with smaller rate hike likely WASHINGTON: US central bankers opened a two-day policy meeting Tuesday on rising expectations that they will slow... Published 31 Jan, 2023 09:16pm
Business & Finance Dollar steady as central banks take central stage NEW YORK: The dollar was little changed on Monday, a day before the Federal Reserve was due to begin a two-day ... Published 31 Jan, 2023 07:03am
Markets Europe stocks slip as hot Spanish inflation data fan rate hike concerns PARIS: European shares slipped on Monday as hotter-than-expected inflation data from Spain added to market jitters ... Published 31 Jan, 2023 07:00am
Markets Nasdaq falls as megacaps drop ahead of earnings NEW YORK: The tech-focused Nasdaq fell more than 1% on Monday as megacap growth stocks including Apple, Amazon and... Published 31 Jan, 2023 06:55am
Markets Gold treads water as spotlight shifts to US Fed meeting NEW YORK: Gold prices edged down slightly in choppy trade on Monday as investors looked ahead to the US Federal... Published 31 Jan, 2023 06:47am
Opinion State of the economy The first six months of 2022-23 have witnessed considerable uncertainty about country’s economic prospects. ... Published 31 Jan, 2023 06:01am
Print SBP says curbing inflation critical to achieving growth KARACHI: The State Bank of Pakistan (SBP) believed that curbing inflation is essential for ensuring sustainable... Updated 31 Jan, 2023 09:00am
Business & Finance Poor access to capital for businesses worries FPCCI chief KARACHI: Irfan Iqbal Sheikh, the president of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has... Published 31 Jan, 2023 06:01am
Print EAG concerned at ‘inadequate’ SBP response Economic Advisory Group stresses the need for meaningful reforms to achieve sustainable growth, instead of relying on policies that become a source of economic instability Updated 30 Jan, 2023 09:22am
Print Dar challenges financial figures presented by IK ISLAMABAD: Finance Minister Ishaq Dar has accused former prime minister Imran Khan of presenting inaccurate economic... Updated 28 Jan, 2023 08:44am
Markets Analysts weigh in: rupee’s latest depreciation has wider implications, outcomes Experts believe LC issue will be resolved, inflation along with remittances to increase in short term Updated 27 Jan, 2023 07:04pm
Opinion Prices and inflation It is quite clear that overall the monetary policy tool of raising policy rate to rein in inflation has not had any... Updated 27 Jan, 2023 07:57am
Opinion The darkness deepens They say the night is darkest before the dawn. On Monday, it couldn’t have gotten darker—somewhere, someone in... Published 25 Jan, 2023 06:25am
Business & Finance Nigeria central bank raises rates by 100 bps despite inflation dip ABUJA: Nigeria’s central bank raised its benchmark lending rate by 100 basis points (bps) to 17.5% in a decision... Published 24 Jan, 2023 04:48pm
Opinion GDP growth in 2022-23 — II The previous article by this writer had presented the estimate of the GDP growth rate in 2022-23 as negative 1% from... Updated 26 Jan, 2023 12:50am
Print Policy rate hiked to 17pc to rein in soaring inflation KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) Monday increased the key policy ... Updated 24 Jan, 2023 09:05am
Markets SBP raises key interest rate by 100bps, takes it to 17% — a 25-year high Governor SBP Jameel Ahmad announces decision at press briefing following the meeting Updated 23 Jan, 2023 10:04pm
Opinion Debt, inequality and austerity ‘In most western countries, inequality is rising, and social mobility has stalled. Our citizens are losing... Published 20 Jan, 2023 06:44am