IMF urges Pakistan to continue monetary policy tightening cycle Tightening cycle should continue if needed to reduce inflation and facilitate external rebalancing, says staff report Published 18 Jul, 2023 10:56pm
Business & Finance Monetary Policy Committee: SBP issues advance calendar for meetings in July-December Schedules 4 huddles during six-month period, with the first one of the new fiscal year on July 31 Published 14 Jul, 2023 10:42pm
Business & Finance Wells Fargo profit surges 57% as interest payments climb Wells Fargo’s profit surged 57% in the second quarter as it earned more from customer interest payments and raised... Published 14 Jul, 2023 05:13pm
Print 22pc interest rate inimical to business activities: PM ISLAMABAD: Prime Minister Shehbaz Sharif Wednesday acknowledged that with a 22 percent rate of interest, no business... Updated 13 Jul, 2023 10:33am
Editorials Caution from Basle EDITORIAL: The Bank for International Settlements (BIS), the global umbrella body for central banks, sure poured ... Updated 08 Jul, 2023 06:58am
Business & Finance Sri Lanka cuts key rates as expected; more cuts seen by year-end COLOMBO: Sri Lanka cut its key interest rates for the second consecutive month on Thursday as inflation tapered... Published 06 Jul, 2023 09:27am
Opinion SBA won’t cut it Fine, it was the single biggest one-day jump in the stock market in 15 years. But is it really that unbelievable,... Updated 06 Jul, 2023 06:20am
Pakistan IMF’s Executive Board meeting on Pakistan set for July 12 The Fund is set to discuss a nine-month stand-by arrangement for Pakistan as the previous Extended Fund Facility expired on June 30 Updated 06 Jul, 2023 09:55am
Business & Finance PKR to come under more pressure in absence of IMF bailout: PBF KARACHI: Pakistan Business Forum (PBF) says rupee will likely to come under immense pressure in the first quarter of... Published 29 Jun, 2023 04:19am
Print Policy rate hiked by100 bps to 22pc KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) in its emergency meeting held on... Updated 27 Jun, 2023 09:02am
Print Policy rate hike part of IMF agreement: Pasha Pakistan still does not feature on the IMF Executive Board calendar, but it could be added in the event that the ninth review is declared a success Updated 27 Jun, 2023 11:43am
Business & Finance Increase in policy rate will affect all domestic investment: PTI ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) and former minister for Economic Affairs Omar Ayub on Monday reacted to ... Published 27 Jun, 2023 06:15am
Business & Finance SBP raises key policy rate by 100bps to 22% after ‘emergency meeting’ Cites upward revisions in taxes, duties and PDL in FY24 budget and lifting of import restrictions as factors that slightly deteriorate inflation outlook Updated 26 Jun, 2023 08:10pm
World Turkey delivers big rate hike to 15pc but U-turn still underwhelms ISTANBUL: Turkey’s central bank hiked its key rate by 650 basis points to 15 percent on Thursday and said it would... Published 23 Jun, 2023 06:00am
Markets Oil slumps over 4pc as interest rate hikes outweigh lower US oil supplies NEW YORK: Oil futures fell over 4 percent on Thursday, as a bigger-than-expected Bank of England rate hike prompted... Published 23 Jun, 2023 06:00am
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
Pakistan Record inflation, but market says status quo in upcoming monetary policy High-interest rate along with other macroeconomic measures have already put the brakes on economic growth, argues brokerage house Updated 03 Jun, 2023 09:06pm
Business & Finance MPC to meet on 12th KARACHI: The meeting of the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will be held on June... Published 03 Jun, 2023 03:52am
Markets European stocks rebound on easing inflation data PARIS: European stocks bounced back on Thursday as data on easing inflation sparked a debate on the need for further... Published 02 Jun, 2023 03:56am
Opinion It’s not the economy, stupid, it’s religion! Even Erdogan’s staunchest supporters would have shorted the lira as he won the Turkish runoff presidential ... Published 01 Jun, 2023 03:34am
Markets Fed's Harker says he's inclined to 'skip' a rate hike in June Federal Reserve Bank of Philadelphia President Patrick Harker said on Wednesday that for the moment he is inclined ... Published 31 May, 2023 10:54pm
Editorials Interest rate and profitability EDITORIAL: Profitability of Pakistani banks rose to a record high of 126 billion rupees – up by 56 percent year on... Published 05 May, 2023 06:44am
Business & Finance ECB raises rates by 25 bps in inflation fight FRANKFURT: The European Central Bank raised interest rates by 25 basis points to 3.25% as expected on Thursday and... Published 04 May, 2023 05:30pm
Print Listed banks: High interest rate brings in record profitability KARACHI: Pakistan listed banks profitability increased to record Rs 126 billion, up 56 percent on year-on-year basis... Updated 04 May, 2023 09:15am
Business & Finance Treasuries: Yields inch up slightly after First Republic asset sale WASHINGTON: US Treasury yields opened higher on Monday after JPMorgan announced that it would buy most of First... Published 02 May, 2023 05:59am
Business & Finance Policy of increasing interest rate to reduce inflation has failed: Mian Zahid KARACHI: Chairman of National Business Group Pakistan and President Pakistan Businessmen and Intellectuals Forum,... Published 19 Apr, 2023 06:36am
Markets KSE-100 ends session on a flat note Index settled with an increase of 29.89 points or 0.08% to close at 39,717.15 Updated 05 Apr, 2023 06:30pm
Markets MPC meeting: SBP likely to raise key policy rate by 200 basis points MPC meeting is scheduled to be held on April 4 (Tuesday) Updated 31 Mar, 2023 07:38pm
Opinion 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
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?