Trends - interest rates - Business Recorder

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Likely hike in policy rate: T-bills RoR soars to 22pc

KARACHI: Rate of return on short-term government papers rose to 22 percent on expected hike in the key policy rate ...

Updated 24 Mar, 2023 08:53am

Business & Finance

Fed lifts key interest rate amid banking sector fears

WASHINGTON: The US Federal Reserve raised its benchmark lending rate on Wednesday, as it sought to strike a balance...

Published 23 Mar, 2023 05:47am

Business & Finance

Fed to balance banking woes, inflation in this rate decision

WASHINGTON: US central bankers face an unenviable task when they gather in Washington this week: tackling persistent...

Published 20 Mar, 2023 06:12am

Business & Finance

ICCI calls for cut in interest rate

ISLAMABAD: Ahsan Zafar Bakhtawari, President Islamabad Chamber of Commerce & Industry (ICCI) saying that the 20...

Published 20 Mar, 2023 06:12am

Business & Finance

OECD hikes growth outlook

PARIS: The global economic outlook has improved from a few months ago as the inflation shock eases but rising...

Published 18 Mar, 2023 06:14am

Business & Finance

ECB raises rates as planned despite banking turmoil

FRANKFURT: The European Central Bank raised interest rates by 50 basis points on Thursday as promised, ignoring...

Published 17 Mar, 2023 07:09am

Markets

Wall Street tumbles as Credit Suisse sparks fresh bank sell-off

NEW YORK: US stocks dropped on Wednesday as turbulence at Credit Suisse revived fears of a banking crisis, eclipsing...

Published 16 Mar, 2023 06:01am

BR Research

Getting completely priced out?

As central banks across the world continue to hike interest rates to rein in inflation (with little to show for it,...

Published 15 Mar, 2023 08:40am

Business & Finance

Moody’s changes outlook on US banking system to ‘negative’

Moody’s Investors Service on Tuesday revised its outlook on the US banking system to “negative” from “stable”,...

Updated 15 Mar, 2023 02:23pm

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SBP informs Senate panel: Forex’s fall has led to 28.2pc PKR slump in FY23 so far

ISLAMABAD: The country’s foreign exchange reserves are at present below one month of imports. This led to an...

Updated 12 Mar, 2023 03:54pm

Business & Finance

Country to be on brink of default for foreseeable future: FPCCI

KARACHI: President of the FPCCI Irfan Iqbal Sheikh has stressed that it is the collective wisdom of the entire...

Published 10 Mar, 2023 03:46am

BR Research

What’s beyond SLA?

The IMF deal is still stuck. The Staff Level Agreement (SLA) is yet to be completed. It’s highly likely that SLA...

Published 09 Mar, 2023 07:25am

Markets

Most major Gulf stocks slide as Powell spooks markets

DUBAI: Most major Gulf stock markets closed lower on Wednesday after hawkish comments by US Federal Reserve Chair...

Published 09 Mar, 2023 06:23am

Print

Auction for MTBs: Rs1.57trn raised against Rs1.8trn target

KARACHI: The returns on short-term government papers rose to 21 percent in the auction held Wednesday, mainly due to...

Updated 09 Mar, 2023 08:54am

Business & Finance

Scrap shortage crisis compounding: PALSP

ISLAMABAD: Due to lack of letters of credits (LCs) being opened, the domestic scrap shortage crisis is compounding...

Published 08 Mar, 2023 06:20am

Business & Finance

Weak global demand, rate hikes may curtail India growth

NEW DELHI: Weak global demand and monetary tightening by the Indian central bank could further drag down economic...

Published 06 Mar, 2023 07:38am

Business & Finance

Canada economy stalls in 2022 fourth quarter

OTTAWA: Canada’s economy stalled at the end of 2022 with zero growth, the government statistical agency said...

Published 06 Mar, 2023 07:36am

Opinion

Monetary-fiscal history of Latin America: lessons for Pakistan

Pakistan today suffers from significant macroeconomic instability, high inflation, a currency crisis and a risk of a...

Published 06 Mar, 2023 06:43am

Editorials

MPS: steep rate hike to tame inflation

EDITORIAL: In spite of the Monetary Policy Committee’s (MPC’s) decision to raise the discount rate to 20 percent...

Published 06 Mar, 2023 06:22am

Business & Finance

Economy has nosedived due to poor policies, mismanagement: BMP

LAHORE: The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel (BMP) on Sunday said...

Published 06 Mar, 2023 06:22am

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Poor nations’ leaders unleash anger, despair

Make pointed calls for developed powers to come good with billions of dollars of promised aid to help them escape poverty and battle climate change

Updated 06 Mar, 2023 08:41am

Business & Finance

Businesspeople assail 300bps hike in interest rate

KARACHI: Business community has termed high interest rate disastrous for industries, SMEs. Irfan Iqbal Sheikh,...

Published 04 Mar, 2023 07:00am

Opinion

Sharp drop in equity premium may mark return of 60/40 portfolio

The reward for holding US stocks over Treasury bonds has not been this unattractive since 2004, possibly setting the...

Published 04 Mar, 2023 06:39am

Business & Finance

Dollar firmer

NEW YORK: The dollar strengthened on Thursday after unemployment claims pointed to a strong US jobs market that ...

Published 03 Mar, 2023 07:30am

Print

Policy rate hiked by 300bps to 20pc to tame inflation

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Thursday increased the key...

Updated 03 Mar, 2023 08:53am

Print

Steel industry concerned at interest rate hike

ISLAMABAD: The steel industry, on Thursday, urged the government to take immediate action to ensure the availability...

Updated 03 Mar, 2023 09:01am

Print

Overnight Reverse Repo (Ceiling) rate fixed at 21pc

KARACHI: As the State Bank of Pakistan (SBP) has decided to increase “Policy Rate” (Target Rate) from 17 percent...

Updated 03 Mar, 2023 09:00am

Markets

Oil rises on Chinese demand but European rate hike fears weigh

NEW YORK: Oil rose on Thursday on signs of a strong economic rebound in top crude importer China, but fears over the...

Updated 03 Mar, 2023 07:33am

Markets

SBP raises key interest rate by 300bps, takes it to 20%

Monetary Policy Committee expects inflation to rise further in the next few months
Also moves next MPC meeting to April 4 from April 27

Updated 02 Mar, 2023 09:20pm

Opinion

Past the point of no return!

For weeks noted economists and economic researchers have cited numerous indicators, like low foreign exchange...

Updated 02 Mar, 2023 06:51am