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Coronavirus
VERY HIGH Source: covid.gov.pk
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23,087
3924hr
Pakistan Cases
1,011,708
3,26224hr
6.6% positivity
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369,245
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29,681
Islamabad
85,947
KPK
142,139

monetary policy

Central banks will accelerate rise of China's yuan, global survey shows
Markets

Central banks will accelerate rise of China's yuan, global survey shows

  • Global Public Investor survey, published annually by the London-based OMFIF think tank, shows 30% of central banks plan to increase yuan holdings over the next 12-24 months
  • In stark contrast to the yuan, 20% of central banks plan to reduce their holdings of the U.S. dollar over the next 12-24 months and 18% plan to reduce their euro holdings
Published 22 Jul, 2021 01:30am
Opinion

SBP deserves praise

This is apropos SBP’s Third Quarterly Report on The State of Pakistan’s Economy. According to SBP, for example,...
Published 18 Jul, 2021 04:14am
Gold prices up in Asia
Markets

Gold prices up in Asia

SINGAPORE: Gold rose above the $1,800/ounce psychological level in Asian trade on Tuesday to hit a three-week high,...
Published 07 Jul, 2021 04:28am
NZ shares flat
Markets

NZ shares flat

WELLINGTON/SYDNEY: New Zealand shares closed flat on Monday, as gains in utility and financial stocks were offset by...
Published 15 Jun, 2021 03:30am
ECB's Schnabel wants bond-buying green tilt
Markets

ECB's Schnabel wants bond-buying green tilt

  • Central bankers in the euro zone and around the world are debating what their role should be in the fight against climate change.
  • "Another possibility would be to pursue a more sophisticated 'tilting strategy' under which the ECB could adjust its monetary policy operations more gradually in line with sustainability considerations," Schnabel said.
Published 14 Jun, 2021 07:26pm
Fed's Evans says easy monetary policy has his 'full' support
World

Fed's Evans says easy monetary policy has his 'full' support

  • "I have not seen anything yet to persuade me to change my full support of our accommodative stance for monetary policy or our forward guidance about the path for policy," Evans said in remarks prepared for delivery to a Bank of Japan conference.
  • Government spending has lifted inflation expectations recently, he noted, in what he called a "welcome" development.
Published 25 May, 2021 06:49pm
Aussie, kiwi up
Business & Finance

Aussie, kiwi up

SYDNEY/WELLINGTON: The Australian dollar traded near the lower end of its five-and-a-half week range against the...
Published 25 May, 2021 04:40am
Dollar steadies before Fed minutes, bitcoin stumbles
Markets

Dollar steadies before Fed minutes, bitcoin stumbles

  • Elsewhere, the Australian and New Zealand dollars eased slightly as the Antipodeans struggled to break through heavy technical resistance, but sentiment remains positive due to rising commodity prices, some traders said.
Published 19 May, 2021 11:52am