Trends - interest rate - Business Recorder

interest rate

Businesspeople question policy rate hike, say cost of doing business will rise

KARACHI: Business community has sharply reacted on the second interest rate hike in 25 days, saying that rising cost...

Published 16 Dec, 2021 04:00am

World

IMF warns of interest rate risks as global debt hits $226 trillion

WASHINGTON: Global debt surged to $226 trillion last year, its biggest one-year jump since World War Two, and will ...

Updated 15 Dec, 2021 09:33pm

Business & Finance

3rd successive hike: SBP increases key interest rate by 100 basis points, takes it to 9.75%

Interest rate has now cumulatively increased 275 basis points in the previous three announcements

Updated 14 Dec, 2021 05:11pm

Fitch foresees further hike in interest rate

ISLAMABAD: The Fitch Ratings agency has anticipated further interest-rate hike for Pakistan. The ratings agency in...

Updated 09 Dec, 2021 09:49am

Markets

Gold firms as Omicron risks buoy safe-haven appeal

LONDON: Gold firmed near the $1,800 level on Monday as investors sought cover from the likely risks to the global...

Published 30 Nov, 2021 05:28am

Markets

Kenya central bank holds its benchmark lending rate at 7.0%

NAIROBI: Kenya's central bank held its benchmark lending rate at 7.0% on Monday, its Monetary Policy Committee said,...

Published 29 Nov, 2021 08:11pm

Business & Finance

Hike in interest rate to badly affect economy: Mian Zahid

KARACHI: Chairman of National Business Group Pakistan and President Pakistan Businessmen and Intellectuals Forum ...

Published 23 Nov, 2021 03:54am

Business & Finance

Industrialists reject 150bps hike in policy rate

KARACHI: Industrialists have rejected 1.5 per cent hike in interest rates and demanded its reversal. President of...

Published 21 Nov, 2021 04:19am

Markets

SBP increases number of MPC meetings, releases schedule till June 2022

Central bank preponed its latest monetary policy announcement, but says efforts being made to enhance predictability of monetary policy actions

Updated 19 Nov, 2021 08:00pm

Business & Finance

Philippine central bank holds rates, but flags inflation risks in 2022

BORACAY: The Philippine central bank kept its benchmark interest rate at a record low on Thursday, maintaining...

Published 18 Nov, 2021 01:03pm

Business & Finance

SBP prepones monetary policy announcement, will now hold it on November 19

Says meeting brought forward in light of recent unforeseen developments that have affected the outlook for inflation and the balance of payment

Updated 16 Nov, 2021 08:12pm

Markets

Dollar eases from 16-month high as market seeks clues on Fed policy

TOKYO: The dollar eased back from near an almost 16-month high versus major peers on Monday, as traders awaited ...

Published 15 Nov, 2021 11:44am

Business & Finance

Pound at 20-month high vs euro

LONDON: Sterling rose to 20-month highs against the euro on Tuesday, driven by diverging interest rate expectations...

Published 27 Oct, 2021 04:50am

IMF projects decline in Pakistan's gross debt

ISLAMABAD: The International Monetary Fund (IMF) has projected a decline in the government gross debt for Pakistan,...

Updated 14 Oct, 2021 10:26am

Business & Finance

Pound jumps

LONDON: Sterling rallied nearly 1% on Thursday after the Bank of England said two of its policymakers had voted for...

Published 24 Sep, 2021 04:40am

Business & Finance

Increased interest rate to hurt growth, job prospects: Mian Zahid

KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum and ...

Published 23 Sep, 2021 04:35am

CAD, inflation: Interest rate hiked by 25 bps to 7.25pc

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has announced to raise the key...

Updated 21 Sep, 2021 10:05am

Experts say interest-rate hike aimed at ‘appeasing’ IMF

ISLAMABAD: The decision to raise the discount rate by 25 basis points may have been taken to appease the...

Updated 21 Sep, 2021 11:34am

Business & Finance

First hike in over 2 years: SBP raises key interest rate by 25 basis points

Takes it to 7.25%
The SBP last increased the interest rate in July 2019, when it took it to the maximum level of 13.25%

Updated 20 Sep, 2021 04:57pm

Business & Finance

FPCCI wants interest rate below 5pc

KARACHI: Mian Nasser Hyatt Maggo, President FPCCI, leading a delegation called on Dr Reza Baqir, Governor State Bank...

Published 13 Aug, 2021 04:44am

Business & Finance

APCPLA concerned over keeping interest rate at 7pc

FAISALABAD: Chair-man All Pakistan Cotton Power Looms Association (APCPLA) Rana Azhar Waqar expressed concern over...

Published 01 Aug, 2021 04:46am

Policy rate kept on hold at 7pc to support growth

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has decided to maintain the policy...

Updated 28 Jul, 2021 09:34am

Business & Finance

Encouraged by 'positive developments', SBP keeps interest rate unchanged at 7%

Growth projected to rise from 3.9 percent in FY21 to 4-5 percent this year, says central bank in monetary policy statement
Economic recovery will be accompanied by external stability, adds SBP

Updated 27 Jul, 2021 08:11pm

Business & Finance

Russia's key rate could be above 6pc some time next year, says central bank

The central bank raised its key interest rate by 50 basis points to 5.5% earlier this month and said more hikes would be needed to rein in inflation, which had accelerated to 6.15% as of June 7.
At this point in time we can only say that both growth and inflation are probably tracking somewhat higher than the April forecast presumed.

Updated 23 Jun, 2021 05:23pm

Business & Finance

Brazilian real hits 1-year high against dollar

BRASILIA: Brazil’s real surged to a one-year high against the dollar on Wednesday, as the prospect of another...

Published 17 Jun, 2021 03:27am

Business & Finance

Russia seen raising rates again on Friday as inflation remains high

Central bank seen making 25 or 50 bps hike.
Bank of Russia to deliver decision at 1030 GMT on Friday.

Published 07 Jun, 2021 06:40pm

Markets

Gold slips as firmer dollar offsets easing US bond yields

Silver dipped 0.7% to $27.58 per ounce, palladium fell 0.1% to $2,841.20, while platinum rose 0.2% to $1,164.37.

Published 07 Jun, 2021 11:27am

Business & Finance

Current economic turnaround sustainable, says SBP’s Reza Baqir

Points towards current account balance as primary reason for Pakistan's ability to continue its growth momentum

Published 29 May, 2021 01:41pm

Markets

Brazil's real rises as inflation keeps up rate hike hopes

The Mexican currency was flat. Data on Tuesday showed Mexico swung to a bigger-than-expected trade surplus in April powered by record exports.
Separate data also showed consumer confidence in Brazil rose in May as households looked through the second wave of the pandemic.

Updated 25 May, 2021 09:31pm

World

Ghana April consumer price inflation 8.5pc year-on-year in April

The drop puts the rate within the Bank of Ghana's targeted band of 8% plus or minus 2 percentage points for the first time since January.
The central bank, which kept it's prime interest rate unchanged at 14.5%, said in March that it expected headline inflation in the gold-, cocoa-, and oil-producing country to return to the target band in the second quarter of 2021.

Published 12 May, 2021 04:55pm

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 27 786 Investments Limited(786)	5.25 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 27 Al-Abbas Sugar Mills Limited(AABS)	282.01 ▼ 0.00 (0.00%)
Agro Allianz / May 27 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / May 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 27 Allied Bank Limited(ABL)	70.73 ▼ 0.00 (0.00%)
Abbott Lab. / May 27 Abbott Laboratories (Pakistan) Limited(ABOT)	642.00 ▼ 0.00 (0.00%)
Abson Ind. / May 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 27 Alfalah Consumer Index ETF.(ACIETF)	9.50 ▼ 0.00 (0.00%)
Attock Cement / May 27 Attock Cement Pakistan Limited(ACPL)	81.37 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 27 786 Investments Limited(786)	5.25 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 27 Al-Abbas Sugar Mills Limited(AABS)	282.01 ▼ 0.00 (0.00%)
Agro Allianz / May 27 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / May 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 27 Allied Bank Limited(ABL)	70.73 ▼ 0.00 (0.00%)
Abbott Lab. / May 27 Abbott Laboratories (Pakistan) Limited(ABOT)	642.00 ▼ 0.00 (0.00%)
Abson Ind. / May 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 27 Alfalah Consumer Index ETF.(ACIETF)	9.50 ▼ 0.00 (0.00%)
Attock Cement / May 27 Attock Cement Pakistan Limited(ACPL)	81.37 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 26	202.40
USD PKR Interbank Buying / May 26	202.00
USD to Japanese Yen / May 26	127.04
USD to Swiss Franc / May 26	0.96
Pound Sterling to USD / May 26	1.26
Euro to USD / May 26	1.07
UK LIBOR % / May 26	0.82

Stock	Volume
S&P 500 / May 26	4057.84
India Sensex / May 26	54252.53
Tokyo Nikkei / May 26	26604.84
Nasdaq / May 26	11740.65
Hang Seng / May 26	20116.20
FTSE 100 / May 26	7564.92
Dow Jones / May 26	32637.19
Germany DAX 30 / May 26	14231.29
France CAC40 / May 26	6410.58

Item	Value
Crude Oil USD/Barrel / May 26	114.16
Karachi Cotton PKR/37.32 KG / May 26	21180.00
Gold 10 Grams PKR / May 26	118900.00
Gold Spot USD/Ounce / May 26	1855.80
Cotton US¢/pound / May 26	124.33

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