Reassessing MDR There is a minimum deposit rate (MDR) on the savings deposits of banks. Then there is a higher tax on banks with... Published 05 Jan, 2023 08:03am
Markets Oil steadies as rate hike fears counter tighter US stockpiles NEW YORK: Oil steadied on Thursday after hitting its highest price in two and a half weeks as the impact of tighter... Published 23 Dec, 2022 05:54am
Business & Finance Global 2023 earnings growth: Recession, rate hikes seen jamming brakes NEW YORK/LONDON: Corporate earnings growth is expected to slow in the year ahead in many countries as higher... Published 21 Dec, 2022 06:05am
Business & Finance Bank of England lifts interest rate to 14-year high LONDON: The Bank of England on Thursday hiked its interest rate by half a point to 3.5 percent, the highest level in... Published 15 Dec, 2022 06:31pm
Business & Finance UK inflation slows, remains close to 11 percent LONDON: British inflation slowed more than expected in November but remained near the highest level in more than 40... Published 15 Dec, 2022 07:40am
Print PM’s youth loan scheme relaunched KARACHI: The government has relaunched the Prime Minister’s Youth Loan Scheme with revised features including... Updated 13 Dec, 2022 09:38am
Business & Finance Euro zone yields hover near lowest levels in months ahead of ECB meeting LONDON: Euro zone government bond yields held steady near their lowest levels in months on Thursday as investors... Published 09 Dec, 2022 05:58am
Markets Indian shares settle lower on hawkish Fed fears BENGALURU: Indian shares logged losses amid cautious trading on Tuesday, a day ahead of the domestic central ... Published 07 Dec, 2022 07:24am
Print ICCI concerned at 100bps hike in key policy rate ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) has shown great concerns over the 100bps hike in ... Updated 28 Nov, 2022 09:33am
Business & Finance BMP chief assails hike in policy rate LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) on Saturday ... Published 27 Nov, 2022 05:58am
Markets Analysts perplexed as SBP hikes key interest rate to 16% — highest since 1998-99 Some say SBP's comments on demand compression and raising policy rate are in contradiction Updated 25 Nov, 2022 08:52pm
Markets SBP raises key interest rate by 100bps, takes it to 16% MPC says decision reflects view that inflationary pressures have proven to be stronger and more persistent than expected Majority of market participants had anticipated central bank to maintain key policy rate Updated 25 Nov, 2022 08:52pm
Print Monetary policy to be announced on Friday KARACHI: The meeting of the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will be held on... Updated 23 Nov, 2022 09:31am
Business & Finance Monetary Policy Committee to meet on November 25, says SBP SBP will issue the Monetary Policy Statement through a press release on the same day Published 22 Nov, 2022 05:37pm
Markets Yields mixed as soft spots in jobs data spur Fed pivot hopes NEW YORK: Treasury yields were mixed on Friday after government data showed US payrolls increasing more than ... Published 07 Nov, 2022 05:49am
Markets Rupee weakens further, settles at 221.95 against US dollar Depreciation comes as US dollar strengthens against other currencies after Federal Reserve's decision to hike policy rate by 75 basis points Updated 03 Nov, 2022 09:32pm
Business & Finance US dollar pulls back as markets price in slower Fed hikes from December NEW YORK/LONDON: The US dollar sank against major currencies on Tuesday, on some expectation that the Federal ... Published 02 Nov, 2022 04:37am
Markets Saudi snaps 4-day losing streak in broader Gulf rebound DUBAI: Most stock markets in the Gulf rebounded on Tuesday, with the Saudi index snapping a four-day losing streak,... Published 21 Sep, 2022 05:57am
Opinion Faltering US stocks rally could see volatility-control funds turn sellers Certain volatility-linked investment strategies could ramp up selling of equities if turbulence in the stock market,... Published 03 Sep, 2022 04:25am
Pakistan Pasha lauds MPC’s decision to maintain policy rate ISLAMABAD: Former finance minister Dr Hafeez Pasha has stated that Monetary Policy Committee’s decision to ... Published 24 Aug, 2022 05:08am
Pakistan Monetary policy: SBP keeps key interest rate unchanged at 15% Monetary Policy Committee says with recent inflation developments in line with expectations, domestic demand beginning to moderate and the external position showing some improvement, it felt it was prudent to take a pause at this stage Updated 22 Aug, 2022 05:10pm
Business & Finance Monetary policy: a look at SBP's previous announcements Central bank has hiked key interest rate by 525 basis points in its three previous announcements Published 21 Aug, 2022 02:42pm
Business & Finance Upcoming monetary policy: majority polled expect no change in key interest rate Poll conducted by Topline Securities says 56% of participants saw status quo prevailing in announcement scheduled for August 22 Updated 13 Aug, 2022 11:54am
Business & Finance PBF rejects hike in policy rate KARACHI: The Pakistan Businesses Forum (PBF) on Thursday rejected the State Bank of Pakistan’s (SBP) decision of... Published 09 Jul, 2022 03:57am
Business & Finance SBP increases key interest rate by 125 basis points, takes it to 15% This is the highest interest-rate level since Nov 2008 Updated 07 Jul, 2022 05:51pm
Business & Finance Malaysia’s ringgit steadies after rate hike BANGKOK: Malaysia’s ringgit pared losses on Wednesday after its central bank hiked its key interest rate for a... Published 07 Jul, 2022 05:35am
Business & Finance Monetary policy: majority expects at least 100bps hike as inflation highest since Dec 2008 Monetary Policy Committee of the State Bank of Pakistan (SBP) is currently scheduled to meet on July 7 (Thursday) Published 01 Jul, 2022 07:15pm
Business & Finance Bangladesh raises interest rate by 50 bps to fight inflation DHAKA: Bangladesh’s central bank raised its key interest rates by half a percentage point on Thursday, its second... Published 30 Jun, 2022 08:09pm
Business & Finance Interest rate of 13.75pc will not let economy grow: FPCCI KARACHI: Shabbir Mansha, acting president FPCCI, has said that the interest rate of 13.75 percent will not let the... Published 24 Jun, 2022 06:15am
Business & Finance Canadian dollar weakens 0.3pc TORONTO: The Canadian dollar weakened against its US counterpart on Wednesday as a sharp drop in oil prices worked... Published 23 Jun, 2022 06:05am
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