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Janet Yellen

U.S. Senate to vote on debt ceiling, Republicans say they will oppose

WASHINGTON: President Joe Biden's Democrats planned a Wednesday vote in the Senate to suspend the U.S. debt ceiling,...

Published 06 Oct, 2021 01:15am

World

Yellen warns US debt default could trigger recession

WASHINGTON: US Treasury Secretary Janet Yellen warned Tuesday that a US debt default could trigger another ...

Published 05 Oct, 2021 05:43pm

World

Biden to Republicans: 'Get out of the way' in debt-ceiling crisis

WASHINGTON: President Joe Biden said on Monday the federal government could breach its $28.4 trillion debt limit in ...

Updated 05 Oct, 2021 01:41am

JPMorgan cautions a US default to be ‘potentially catastrophic’

WASHINGTON: JPMorgan Chase & Co has begun preparing for the possibility of the United States hitting its debt...

Updated 30 Sep, 2021 10:07am

Business & Finance

US may exhaust funds by Oct 18 unless debt limit raised: Yellen

WASHINGTON: The US government is likely to run out of cash on October 18 unless Congress raises the federal ...

Published 29 Sep, 2021 03:59am

Business & Finance

Dollar lifted by higher Treasury yields

NEW YORK/LONDON: The US dollar gained for a second straight session on Monday, bolstered by the rise in Treasury...

Published 28 Sep, 2021 05:12am

World

Yellen urges Congress to raise debt limit to avoid financial crisis

WASHINGTON: US Treasury Secretary Janet Yellen pleaded Sunday for Congress to raise the debt ceiling in order to...

Published 21 Sep, 2021 04:10am

Markets

Yellen urges Congress to raise debt limit to avoid financial crisis

In an editorial published in the Wall Street Journal, Yellen points out that the United States has always raised the debt ceiling before exceeding its limit

Published 20 Sep, 2021 10:18am

Republicans withhold support for US debt ceiling increase

WASHINGTON: Republican leaders in Congress on Tuesday continued to withhold support for efforts by the Democratic...

Published 16 Sep, 2021 03:16am

Business & Finance

US calls on G7 to quickly implement global tax reform

WASHINGTON: US Treasury Secretary Janet Yellen on Thursday urged countries in the G7 group of richest nations to...

Published 09 Sep, 2021 09:00pm

World

US to exhaust funds by October if debt limit not raised: Yellen

WASHINGTON: The US government will run out of money at some point in October unless Congress acts to increase the...

Published 08 Sep, 2021 08:04pm

World

US moves to prolong jobless aid as claims hit new pandemic low

WASHINGTON: President Joe Biden's administration announced steps on Thursday to allow US states to continue expanded...

Published 21 Aug, 2021 04:21am

World

US Senate narrowly approves $3.5 trillion spending plan

But it's unclear how soon the House, which has a slim Democratic majority, will take up the measure

Published 11 Aug, 2021 02:18pm

World

US Treasury's Yellen 'pleased' with delay to EU digital levy

"I was pleased with their decision to delay introduction of this," Yellen said.
"We're in the middle of trying to finalize an agreement. Countries have agreed to repeal, with Pillar 1, existing measures, and to avoid introducing future digital taxes that would be discriminatory."

Published 13 Jul, 2021 06:25pm

World

Yellen urges EU to spend more, reject austerity

BRUSSELS: US Treasury Secretary Janet Yellen on Monday urged EU member states to reject austerity and take further...

Published 13 Jul, 2021 03:22am

World

Yellen urges EU to back global tax deal, consider more fiscal support

"We need sustainable sources of revenue that do not rely on further taxing workers' wages and exacerbating the economic disparities that we are all committed to reducing," Yellen said.
"We need to put an end to corporations shifting capital income to low tax jurisdictions, and to accounting gimmicks that allow them to avoid paying their fair share."

Published 12 Jul, 2021 06:24pm

Business & Finance

Multinationals tax shift unlikely until 2022, says Yellen

VENICE: US Treasury Secretary Janet Yellen on Sunday said that a newly endorsed mechanism to allow more countries to...

Published 12 Jul, 2021 05:26am

Markets

US's Yellen says tax changes for large firms may not be ready until 2022

Yellen told a news conference after a G20 finance leaders meeting in Venice in Italy that the OECD

Published 11 Jul, 2021 01:49pm

G20 endorses historic global tax reform

VENICE: G20 finance ministers on Saturday gave their backing to a historic deal to overhaul the way multinational...

Published 11 Jul, 2021 05:54am

World

Yellen says will try to address concerns of tax deal holdout countries

We'll be trying to do that, but I should emphasise it's not essential that every country be on board, says US Treasury Secretary

Published 10 Jul, 2021 06:02pm

World

Debt is cheap, now is the time for US to invest: Yellen

"We expect the cost of federal debt payments will remain well below historical levels through the coming decade. We have a window to invest in ourselves."

Published 16 Jun, 2021 09:29pm

Opinion

Beyond GDP

French economist Thomas Piketty in his book Capital in the Twenty-First Century shows that the rate of capital ...

Published 09 Jun, 2021 03:29am

Markets

Shanghai copper eases on US tightening worries, softer Chinese demand

Higher interest rates could reduce money supply and potentially prompt investors to pull back from riskier assets such as metals.

Published 08 Jun, 2021 11:01am

Markets

Gold steadies in European trade

AMSTERDAM/LONDON: Gold steadied in a narrow range on Monday, as investors awaited US inflation data and clarity on...

Published 08 Jun, 2021 04:09am

Markets

US MIDDAY: Gold gains

NEW YORK: Gold held on to gains as the dollar slid on Monday, with investors awaiting US inflation data later this...

Published 08 Jun, 2021 04:09am

Markets

Stocks rise after Yellen rate comments, G7 tax plan

US oil prices briefly topped $70 per barrel for the first time in 2.5 years as the pandemic-hit global economy pushes on with its recovery.

Published 07 Jun, 2021 04:57pm

Markets

Asian markets lower on rate fears, G7 tech tax plan

The optimism faded in Asia, with markets mostly lower in Monday trade.

Published 07 Jun, 2021 09:59am

G7 strikes ‘historic’ agreement over global corporate tax

LONDON: Finance ministers from wealthy G7 nations on Saturday endorsed a global minimum corporate tax rate of at...

Published 06 Jun, 2021 02:56am

World

Yellen calls for standardized measurements on green investments

Environmental, social and governance (ESG) fund assets have grown from $10 billion in 2015 to $246 billion in March 2021, she said.

Published 03 Jun, 2021 05:03pm

Markets

Asian markets extend gains as recovery gathers pace

Hong Kong, Shanghai, Singapore, Seoul and Jakarta were also up, though there were small losses in Manila after a more than five percent surge Thursday.

Published 28 May, 2021 10:15am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 23	278.40
USD PKR Interbank Buying / Apr 23	278.10
USD to Japanese Yen / Apr 23	154.85
USD to Swiss Franc / Apr 23	0.91
Pound Sterling to USD / Apr 23	1.24
Euro to USD / Apr 23	1.07

Stock	Volume
S&P 500 / Apr 22	5010.60
Nasdaq / Apr 22	15451.31
Dow Jones / Apr 22	38239.98
India Sensex / Apr 23	73884.02
Tokyo Nikkei / Apr 23	37552.16
Hang Seng / Apr 23	16828.93
FTSE 100 / Apr 23	8045.70
Germany DAX 30 / Apr 23	17967.18

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 19	21035
Gold 10 Grams PKR / Apr 22	213220
Petrol/Litre / Apr 23	293.94
Crude Oil USD/Barrel / Apr 23	82.41
Gold Spot USD/Ounce / Apr 23	2301.86
Diesel/Litre / Apr 23	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 23 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 23 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 23 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 23 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 23 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 23 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 23 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 23 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 23 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 23 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 23 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 23 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 23 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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Janet Yellen

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