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interest rate

US Fed likely to lower rate cut expectations for 2024

WASHINGTON: The US Federal Reserve kicked off a two-day meeting to set interest rates on Tuesday, with policymakers...

Published 11 Jun, 2024 08:25pm

Markets

ECB starts cutting rates even as inflation fight continues

FRANKFURT: The European Central Bank cut borrowing costs from record highs on Thursday, acknowledging progress in...

Published 06 Jun, 2024 05:32pm

Markets

Reversal in stance: SBP might opt for rate cut in upcoming MPC meeting, brokerage house says

The State Bank of Pakistan (SBP), scheduled to announce the key policy rate on June 10 (Monday), might opt for...

Updated 31 May, 2024 11:40pm

Business & Finance

Most Asian FX gain, interest rate outlook eyed

BENGALURU: Most Asian currencies and stocks started the week on a positive note, with the South Korean won and the...

Published 28 May, 2024 05:30am

Business & Finance

‘Interest rate should be reduced to 2pc’

FAISALABAD: Former chairman All Pakistan Cotton Power Looms Association and former president FCCI Chaudhry Muhammad...

Published 07 May, 2024 06:58am

Business & Finance

HCCI criticises SBP for not lowering interest rate

HYDERABAD: President Hyderabad Chamber of Commerce and Industry (HCCI) Adeel Siddiqui has expressed his surprise ...

Published 03 May, 2024 06:29am

World

Fed leaves rates unchanged, flags ‘lack of further progress’ on inflation

Likely that gaining greater confidence will take longer than previously expected, says Fed Chair Jerome Powell

Published 01 May, 2024 11:53pm

Markets

Saudi leads as Gulf markets close higher

DUBAI: Stock markets in the Gulf ended higher on Monday, led by the Saudi index on strong corporate earnings, while...

Published 30 Apr, 2024 03:43am

Concerns of rating agencies on external side addressed

ISLAMABAD: Federal Minister for Finance and Revenue, Muhammad Aurangzeb on Saturday addressed concerns of the rating...

Updated 21 Apr, 2024 09:19am

Business & Finance

To cut or not to cut: SBP might opt for caution in monetary policy

Reports by two brokerage houses suggest Pakistan's central bank poised to maintain cautious policy stance

Published 19 Apr, 2024 08:15pm

Opinion

EFF programme, non-inflationary economic growth, and counter-cyclical policy approach

A recent ‘Transcript of Global Financial Stability Report April 2024 press briefing’, carried a rather very...

Published 19 Apr, 2024 05:07am

Business & Finance

Number of credit card users drops due to high interest rates, emergence of alternate products

KARACHI: The number of credit card users is on decline in the country due to the higher interest rate and emergence...

Published 03 Apr, 2024 05:29am

World

Japan’s mixed inflation picture complicates BOJ rate hike path

TOKYO: Japan’s business-to-business service prices continued to rise steadily but a key measure of trend inflation...

Published 27 Mar, 2024 04:38am

Business & Finance

Bank of England holds interest rate at 16-year high

LONDON: The Bank of England on Thursday held its key interest rate at a 16-year high, opting against a reduction as...

Published 21 Mar, 2024 05:53pm

Business & Finance

Fed still sees three rate cuts in 2024 amid sticky inflation, stronger economy

WASHINGTON: The Federal Reserve held interest rates steady on Wednesday, but policymakers indicated they still...

Published 20 Mar, 2024 11:13pm

Mixed expectations: MPS on 18th

KARACHI: The State Bank of Pakistan (SBP) is scheduled to announce the Monetary Policy next Monday (March 18) with...

Updated 13 Mar, 2024 09:42am

Markets

Brokerage house sees ‘strong possibility’ of policy rate cut of 100bps in upcoming MPC

A brokerage house sees “strong possibility” that the State Bank of Pakistan (SBP) may cut the key policy rate by 100...

Updated 12 Mar, 2024 10:38pm

BR Research

Rate cut in the offing?

The bond market is expecting a rate cut soon while the forex players are expecting the currency to be under...

Published 08 Mar, 2024 09:14am

Markets

Europe’s STOXX 600 rises on miners, tech support

PARIS: Europe’s benchmark stock index inched up on Tuesday, with Germany’s DAX hitting a record high, while...

Published 28 Feb, 2024 06:10am

Markets

Europe’s STOXX 600 falls at start of inflation data-driven week

PARIS: Europe’s benchmark stock index dropped on Monday, led by miners, with investors bracing for crucial...

Published 27 Feb, 2024 03:06am

Business & Finance

ECB books first loss since 2004 as rate hikes bite

FRANKFURT: The European Central Bank said Thursday its series of interest rate hikes had led it to a loss in 2023,...

Published 23 Feb, 2024 06:36am

Business & Finance

Dollar drifts higher

NEW YORK: The dollar edged higher against the euro and other major currencies on Monday as investors braced for data...

Published 13 Feb, 2024 05:59am

Markets

Bitcoin hits $50k level for first time in more than two years

WASHINGTON/ LONDON: Bitcoin hit the $50,000 level for the first time in more than two years as the world’s largest...

Published 13 Feb, 2024 05:59am

Business & Finance

US Fed official warns against cutting rates too soon

WASHINGTON: It would be a “mistake” for the US Federal Reserve to start cutting interest rates too soon, despite...

Published 07 Feb, 2024 05:30am

Opinion

PBS needs a makeover

Policymaking at all levels of government requires precise, timely and accurate statistics to achieve various targets...

Published 05 Feb, 2024 06:08am

Business & Finance

Dollar jumps after strong jobs report

NEW YORK: The US dollar index jumped to a seven-week high on Friday after data showed that employers added far more...

Published 03 Feb, 2024 05:46am

Markets

Oil prices buoyed by US signals on interest rate cuts

NEW YORK: Oil prices edged higher on Thursday, boosted by the US Federal Reserve signalling a possible start to...

Published 02 Feb, 2024 05:20am

Business & Finance

Asian FX wobbles after Fed holds interest rates steady

BENGALURU: Asian currencies struggled for a clear direction on Thursday as investors assessed signals from the US...

Published 02 Feb, 2024 05:20am

Business & Finance

UBG leaders criticise maintaining interest rate at 22pc

KARACHI: The industrial sector has criticized the central bank for maintaining the policy rate at 22 percent, saying...

Published 31 Jan, 2024 05:22am

Business & Finance

Need stressed to reduce interest rate

KARACHI: Sheikh Umar Rehan, the former President of the Korangi Association of Trade and Industry (KATI), has...

Published 26 Jan, 2024 04:58am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 11	278.63
USD PKR Interbank Buying / Jun 11	278.33
USD to Japanese Yen / Jun 11	157.15
USD to Swiss Franc / Jun 11	0.90
Pound Sterling to USD / Jun 11	1.27
Euro to USD / Jun 11	1.07

Stock	Volume
S&P 500 / Jun 11	5375.32
India Sensex / Jun 11	76456.59
Tokyo Nikkei / Jun 11	38845.82
Nasdaq / Jun 11	17343.55
Hang Seng / Jun 11	17855.16
FTSE 100 / Jun 11	8147.81
Dow Jones / Jun 11	38747.42
Germany DAX 30 / Jun 11	18369.94

Item	Value
Crude Oil USD/Barrel / Jun 11	78.28
Karachi Cotton PKR/37.32 KG / Jun 11	19935
Gold 10 Grams PKR / Jun 11	206876
Gold Spot USD/Ounce / Jun 11	2313.09
Cotton US¢/pound / Jun 11	72.32
Petrol/Litre / Jun 12	268.36

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 12 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 12 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 12 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 12 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 12 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 12 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 12 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 12 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 12 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 12 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 12 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 12 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 12 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 12 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 12 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 12 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 12 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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