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Coronavirus
HIGH Source: covid.gov.pk
Pakistan Deaths
27,566
4224hr
Pakistan Cases
1,238,668
1,78024hr
3.98% positivity
Sindh
455,065
Punjab
428,394
Balochistan
32,849
Islamabad
105,021
KPK
173,023

interest rates

Blackstone to buy Home Partners of America in $6bn deal
Business & Finance

Blackstone to buy Home Partners of America in $6bn deal

  • The US housing sector has become red hot, boosted by a strong economic recovery, ultra-low interest rates and continued demand for bigger homes from people working remotely due to the pandemic.
  • The fundamental premise of the Home Partners platform is to provide residents with the opportunity to live in their chosen home with the option to purchase it.
Published 22 Jun, 2021 07:06pm
Stocks climb looking ahead to Fed meet
Markets

Stocks climb looking ahead to Fed meet

  • London investors brushed off the expected announcement Monday from the UK government that it will delay the lifting of its remaining lockdown restrictions.
Published 14 Jun, 2021 03:44pm
Kenya central bank holds rates for eighth time in a row
Business & Finance

Kenya central bank holds rates for eighth time in a row

  • The decision is the eighth consecutive hold by policymakers and it was in line with the consensus forecast in a Reuters poll of nine economists and market participants.
  • The rate of inflation stood at 5.8% in April, well within the government's preferred band of 2.5%-7.5%.
Published 26 May, 2021 08:26pm
Czech central bank holds rates steady as hike clues awaited
Business & Finance

Czech central bank holds rates steady as hike clues awaited

  • All analysts in a Reuters poll this week forecast the main two-week repo rate to stay at 0.25%, where the central bank has kept it since last May following a series of cuts when the coronavirus pandemic started.
  • The central European country has been one of the worst-hit by the latest waves of the pandemic and the central bank has warned of risks to longer-than-expected restrictions on retail and restaurants.
Published 24 Mar, 2021 06:42pm
Egypt's central bank keeps key interest rates on hold
Business & Finance

Egypt's central bank keeps key interest rates on hold

  • The bank's monetary policy committee held the overnight lending rate at 9.25% and the overnight deposit rate at 8.25% for a third consecutive time, after cutting rates in September and November.
  • "Meanwhile, international prices for oil, food and other commodities have surged to post-pandemic highs, with the level of uncertainty increasing regarding their future price trajectories," the bank said.
Published 18 Mar, 2021 10:01pm
Czech rate setters bide time before hitting start on rate hikes
Business & Finance

Czech rate setters bide time before hitting start on rate hikes

  • "I still perceive greater risk that we start a premature tightening of monetary policy," board member Tomas Holub told daily Hospodarske Noviny in an interview released on Tuesday.
  • "For me, that is a greater risk than if we 'sleep in' a little versus what may perhaps seem as optimal looking back a year later."
Updated 16 Mar, 2021 10:02pm