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US Treasury Secretary

US pushing G20 for global minimum corporate tax: Yellen

The interconnected global economy has led to "a thirty-year race to the bottom on corporate tax rates."

Published 05 Apr, 2021 09:11pm

World

US Treasury Secretary Yellen to call for global minimum tax rate

The US commitment to a global minimum tax also could help jump-start negotiations between wealthy countries on taxing international corporations, according to tax experts.
We are working with G20 nations to agree to a global minimum corporate tax rate that can stop the race to the bottom.

Published 05 Apr, 2021 08:02pm

Markets

Dollar inches higher after Yellen, Powell signal US economic strength

The safe-haven yen rose 0.14% in afternoon trading in the United States.

Published 25 Mar, 2021 11:22am

World

US defends IMF reserve increase aimed at poor nations

WASHINGTON: US Treasury Secretary Janet Yellen on Wednesday defended the IMF’s move to increase its reserve...

Published 25 Mar, 2021 05:08am

World

Yellen to meet religious leaders, NGO group pushing for debt relief

She spoke on Monday with British finance minister Rishi Sunak, and both agreed a new SDR allocation could form an important part of a package of support for low-income countries.

Published 16 Mar, 2021 12:32pm

Markets

Stocks climb as yields pull back from earlier high

US Senate passes $1.9 trillion stimulus.
Dollar gains on euro, yen as US yields race ahead.
Brent retreats after topping $70 for first time since January 2020.

Updated 08 Mar, 2021 10:18pm

World

Yellen says Biden COVID bill to fuel ‘very strong’ US recovery

This is a bill that will really provide Americans the relief they need to get to the other side of the pandemic, and we expect the resources here to really fuel a very strong economic recovery.
"If it turns out to be inflationary, there are tools to deal with that, and we'll monitor that closely," Yellen said of the bill's measures.

Published 08 Mar, 2021 08:06pm

World

US drops demand for 'safe harbor' regime in global tax talks

Secretary Yellen announced that we will engage robustly to address both Pillars of the OECD project, and that that the United States is no longer advocating for "safe harbor" implementation of Pillar 1.

Published 26 Feb, 2021 09:19pm

World

Yellen supports new allocation of IMF's SDR currency to help poor nations

Reversing the opposition of the Trump administration, Yellen told G20 finance officials in a letter that a new SDR allocation could boost liquidity for poor countries, which have been particularly hard hit by the global coronavirus pandemic.
Without further international action to support low-income countries, we risk a dangerous and permanent divergence in the global economy.

Published 25 Feb, 2021 08:50pm

World

Yellen says to judge Biden stimulus on speed of return to pre-pandemic unemployment

The current US unemployment rate is 6.3%, compared with 3.5% before the pandemic - a level widely viewed as effectively full employment.
Success to me would be if we could get back to pre-pandemic levels of unemployment and see the re-employment of those who have lost jobs in the service sector, particularly - I would also consider them a measure of success.

Published 22 Feb, 2021 09:38pm

Business & Finance

US Treasury's Yellen discusses boosting cooperation in call with EU executive

Yellen committed to re-engaging in discussions on international taxation to forge a timely international accord, and to seek solutions to key bilateral trade issues, it said.

Published 17 Feb, 2021 02:44pm

World

Yellen urges G7 to ‘go big’ on stimulus, says US committed to multilateralism

The Treasury said in a statement that Yellen emphasized the need to provide more fiscal support to promote a robust and lasting recovery, telling her G7 counterparts: "the time to go big is now."

Published 12 Feb, 2021 09:46pm

Wall Street player BNY Mellon jumps on bitcoin bandwagon

NEW YORK: Bitcoin and other crypto currencies took another leap towards the financial mainstream Thursday when Wall...

Updated 12 Feb, 2021 09:28am

Markets

Monday’s early trade: US top indexes scale all-time highs

NEW YORK: Wall Street’s main indexes scaled all-time highs on Monday, as investors bets on hopes that a fiscal...

Published 09 Feb, 2021 04:43am

Markets

Yellen seeks to 'understand deeply' GameStop frenzy as market regulators meet

We really need to make sure that our financial markets are functioning properly, efficiently and that investors are protected.
We never had anything so large even during the Great Recession. We need to make sure people have jobs, if they don't have jobs, that they're supported.

Published 04 Feb, 2021 09:03pm

Markets

Reddit trading frenzy fades as Yellen summons agencies

GameStop, AMC erase early US pre-market declines.
GameStop stock down 80% from last week's peak until Tuesday.
Yellen calls top regulator meeting on market volatility.

Published 03 Feb, 2021 07:29pm

Markets

Treasury, World Bank stress need to improve vaccine access for poorest countries

During a call with Malpass, Yellen "emphasized that climate change is an existential threat to our environment and global economy and urged robust support to low-income countries," Treasury said in a statement.

Published 03 Feb, 2021 12:37pm

World

Treasury's Yellen aims to deepen economic ties with Japan

In a phone call with Japanese Finance Minister and Deputy Prime Minister, Yellen emphasized her readiness to work closely with Japan, both bilaterally and multilaterally.

Updated 01 Feb, 2021 09:54pm

World

Japan, US reaffirm readiness to use bold steps to escape crisis: Aso

Speaking after his first talks with Yellen since she became the new US Treasury Secretary, Aso said they had also agreed that it was important to hold close discussions on foreign exchange rates.
We reaffirmed that it's important to maintain G7 (Group of Seven) as well as G20 (Group of 20) agreements of up until now.

Published 01 Feb, 2021 08:38pm

World

Yellen affirms importance of close ties with Canada

WASHINGTON: US Treasury Secretary Janet Yellen and her Canadian counterpart on Friday underscored the importance of...

Published 31 Jan, 2021 03:36am

Markets

Stocks welcome Yellen's call to 'act big' on coronavirus spending

Euro STOXX 600 up 0.5%.
MSCI ex-Japan Asia hits record.
Wall Street futures up.
Investors bullish after Yellen supports big spending.
Oil up, dollar on the back foot.

Published 20 Jan, 2021 06:19pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	156.17
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 25	5048.42
Nasdaq / Apr 25	15611.76
Dow Jones / Apr 25	38085.80
India Sensex / Apr 26	74171.68
Tokyo Nikkei / Apr 26	37934.72
Hang Seng / Apr 26	17626.75
FTSE 100 / Apr 26	8123.98
Germany DAX 30 / Apr 26	18016.27

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 25	20535
Gold 10 Grams PKR / Apr 25	240900
Crude Oil USD/Barrel / Apr 26	83.89
Gold Spot USD/Ounce / Apr 26	2336.33
Cotton US¢/pound / Apr 26	81.15
Petrol/Litre / Apr 27	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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US Treasury Secretary

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