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interest rates

Lazy banking or lazy customers?

Interest rates have been jacked up by the central bank once again. This is fourth major installment of increase in...

Published 26 May, 2022 08:37am

Business & Finance

New Zealand raises interest rates 50 bps, signals more aggressive hikes

WELLINGTON: New Zealand’s central bank raised interest rates by 50 basis points to 2.0% on Wednesday, its fifth rate...

Published 25 May, 2022 09:18am

Opinion

How to avert economic collapse

The worst kept secret about the present economic crisis is that it has resulted from our rulers having saddled the...

Published 25 May, 2022 04:40am

Markets

Nigeria’s central bank surprises with rate hike, cites inflation

ABUJA: Nigeria’s central bank on Tuesday raised the benchmark interest rate by 150 basis points to 13%, its first...

Published 24 May, 2022 07:49pm

Business & Finance

ECB plans end to negative rates era as inflation soars

FRANKFURT: Negative interest rates will soon be a thing of the past in the eurozone, the ECB’s chief signalled...

Published 24 May, 2022 06:13am

Markets

150 bps: roughly Rs1,250 added to monthly installments on just a Rs1m loan

The State Bank of Pakistan hiked on Monday the key interest rate by 150 basis points (bps), taking it to 13.75%. ...

Published 23 May, 2022 07:57pm

Markets

Hopes for China demand revival boost base metal prices

LONDON: Prices of industrial metals rose on Monday as top consumer China’s plans to ease COVID restrictions raised...

Published 17 May, 2022 05:39am

Editorials

FSC order on riba

EDITORIAL: The Federal Shariat Court declared the prohibition of riba complete and absolute in all its forms and...

Published 16 May, 2022 05:42am

Pakistan

Imran says he warned economy would 'go into a tailspin' if his govt was ousted

Statement comes as the country, with a widening trade deficit, sees a massive decline in its foreign exchange reserves and fall in rupee value

Updated 13 May, 2022 05:47pm

Markets

Saudi leads Gulf bourses lower on growth worries

DUBAI: Saudi Arabia led Gulf stock markets lower on Tuesday as rising interest rates and lower economic growth...

Published 11 May, 2022 04:58am

World

Fed’s Bostic says can do ‘maybe two, maybe three’ half point hikes, then assess

WASHINGTON: The U.S. Federal Reserve can stick to half point interest rate hikes for the next two to three meetings...

Published 09 May, 2022 06:22pm

Business & Finance

Australia's ANZ sees bigger margins on rising rates, cash profit grows

Australia and New Zealand Banking Group , the country's No. 4 lender, beat estimates for first-half profit as it set...

Published 04 May, 2022 10:33am

Business & Finance

Banks lag bond yield surge as recession worries trump cheap

MILAN: Expectations of rising interest rates have failed to lift valuations of European bank shares languishing at...

Published 02 May, 2022 05:46am

Business & Finance

Business leader concerned at ‘possibility’ of hike in interest rates

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

Published 01 May, 2022 05:11am

Business & Finance

US consumer spending accelerates; wage inflation rising

WASHINGTON: US consumer spending rose more than expected in March amid strong demand for services, while monthly...

Published 30 Apr, 2022 07:09am

Opinion

Banks lag bond yield surge as recession worries trump cheap valuations

Expectations of rising interest rates have failed to lift valuations of European bank shares languishing at near...

Published 30 Apr, 2022 05:53am

Markets

Russia seen cutting key rate by 200 bps to 15% on Friday

The Russian central bank is expected to cut its key interest rate by 200 basis points to 15% on Friday as it tries...

Published 25 Apr, 2022 08:10pm

Markets

Global stocks plunge on jitters over higher interest rates

NEW YORK: Global stock markets dropped sharply Friday as the latest hawkish commentary from the Federal Reserve sent...

Published 25 Apr, 2022 07:23am

Business & Finance

Fed seen going big and then bigger on rate hikes ahead

The Federal Reserve is poised to follow a half-of-a-percentage point interest rate hike in May with two even bigger...

Published 23 Apr, 2022 01:08am

Business & Finance

Turkish central bank cuts lira required reserves interest rate to zero

ANKARA: The Turkish central bank has reduced to zero the interest rate applied to lira-denominated required reserves...

Updated 18 Apr, 2022 12:52pm

Markets

Sri Lanka declares 5-day share trading halt over crisis

COLOMBO: The Colombo Stock Exchange on Saturday announced a five-day trading halt after crisis-hit Sri Lanka hiked...

Published 16 Apr, 2022 03:24pm

Business & Finance

New Zealand’s central bank raises interest rates to 1.50%

WELLINGTON: The Reserve Bank of New Zealand (RBNZ) raised interest rates by a hefty 50 basis points to 1.50% on...

Published 13 Apr, 2022 03:55pm

Business & Finance

PIBC urges SBP to avoid taking decision harming economy

KARACHI: Abid Nisar, Chairman of the Pakistan Indonesia Business Council (PIBC) of FPCCI, while expressing deep...

Published 12 Apr, 2022 05:17am

World

Sri Lanka doubles interest rates to tame inflation as crisis bites

COLOMBO: Sri Lanka’s central bank doubled its key interest rates on Friday, raising each by an unprecedented 700...

Published 09 Apr, 2022 04:39am

Business & Finance

US consumer confidence rebounds; job openings near record high

WASHINGTON: US consumer confidence rebounded from a one-year low in March amid growing labor market optimism, but...

Published 30 Mar, 2022 06:08am

Markets

Russian central bank keeps key rate at 20%, flags economic contraction

Russia’s central bank kept its key interest rate at 20% on Friday following an emergency rate hike in late February...

Published 18 Mar, 2022 06:17pm

Fed hikes rates, signals aggressive turn against inflation

WASHINGTON: The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point and projected...

Published 16 Mar, 2022 11:14pm

BR Research

Rate hike on the cards?

The monetary policy is due on Tuesday. The SBP clearly mentioned in the previous forward guidance that current real...

Published 04 Mar, 2022 08:26am

Business & Finance

SCBPL posts profit before tax of Rs24.8bn in 2021

KARACHI: Standard Chartered Bank Pakistan Limited (SCBPL) delivered a resilient financial performance in 2021 with a...

Published 19 Feb, 2022 04:15am

Opinion

Steps aimed at taming inflation

That rising inflation has become a global challenge is a fact that has found its best expression from the Bank of...

Published 05 Feb, 2022 05:47am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 15	278.43
USD PKR Interbank Buying / May 15	278.23
USD to Japanese Yen / May 15	156.28
USD to Swiss Franc / May 15	0.91
Pound Sterling to USD / May 15	1.26
Euro to USD / May 15	1.08

Stock	Volume
S&P 500 / May 14	5246.68
Nasdaq / May 14	16511.18
Hang Seng / May 14	19073.71
Dow Jones / May 14	39558.11
India Sensex / May 15	73025.23
Tokyo Nikkei / May 15	38385.73
FTSE 100 / May 15	8467.99
Germany DAX 30 / May 15	18796.11

Item	Value
Crude Oil USD/Barrel / May 15	78.55
Karachi Cotton PKR/37.32 KG / May 15	19935
Gold 10 Grams PKR / May 15	209191
Gold Spot USD/Ounce / May 15	2361.55
Cotton US¢/pound / May 15	74.42
Petrol/Litre / May 16	273.10

Gainers
Losers
Leaders

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

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

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

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