Ahead
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Firm dollar keeps peers on back foot ahead of BOE, Fed decisions
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[ad_1] A representational image showing a person counting US dollar notes. — AFP/File TOKYO: The dollar hovered off a four-month high on Thursday as the market continued to digest Republican Donald Trump’s win in the US presidential election, while investors…
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CPI stats trigger off over 1,800-point rally at PSX ahead of SBP meeting
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[ad_1] A stock broker looks at a computer during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on July 31, 2023. — AFP Stocks rallied on Friday, spurred by October’s mild inflation data, strengthening expectations for the…
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Gold hovers near record highs ahead of US inflation data release | The Express Tribune
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[ad_1] Listen to article Gold prices remained near record highs on Friday, poised for a monthly gain amid US rate-cut expectations and geopolitical uncertainty. Spot gold was up 0.1% at $2,523.59 per ounce, close to the August 20 peak of $2,531.60. It has…
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Major relief for masses as PM announces petrol, diesel prices cut ahead of Eid ul Adha
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[ad_1] A person fills his car’s tank at a fuel station in this undated file image. — AFP The Prime Minister’s Office on Friday night announced a major relief for the masses, notifying Rs10.2 per litre cut in petrol price…
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PSX dips below 73,000 barrier ahead of budget announcement | The Express Tribune
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[ad_1] The Pakistan Stock Exchange (PSX) experienced a significant downturn falling by 572 points, causing the index to drop below the 73,000-point barrier. The KSE-100 Index closed at 72,679 points. Inflation, current state of global markets, and the country’s political…
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SBP reduces policy rate by 1.5% ahead of budget
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[ad_1] The State Bank of Pakistan building in Karachi. — APP/file KARACHI: The State Bank of Pakistan (SBP) on Monday announced to cut the policy rate by 150 basis points, marking its first rate reduction in nearly four years. The…
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Solar panel prices jump ahead of budget | The Express Tribune
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[ad_1] KARACHI: Prior to the unveiling of the 2024-2025 budget in Pakistan, there has been a noticeable surge in solar panel prices, attributed to traders adjusting their rates in anticipation of upcoming tax changes. According to reports, the government, aligning…
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PSX tumbles over 900 points ahead of federal budget | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) took the plunge of more than 900 points in the KSE-100 index benchmark. During the intraday trading on Tuesday, the PSX dipped nearly 1.22%, closing at 74,666.65 points. The PSX plummeted a total…
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Bears tighten grip ahead of FY25 budget | The Express Tribune
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[ad_1] KARACHI: Bears tightened their grip over the Pakistan Stock Exchange (PSX) in the post-holiday trading session on Wednesday, where the KSE-100 index lost around 680 points. In the morning, trading began with a spike but soon the index dipped…
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Pakistan ‘looking forward’ to continued Chinese support ahead of new IMF deal
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[ad_1] Finance Minister Muhammad Aurangzeb with his Chinese counterpart Lan Fo’an during their meeting in Washington on April 19, 2024. — X/@Financegovpk WASHINGTON: Finance Minister Muhammad Aurangzeb has asked for “continued support” from China, as Pakistan formally applies for a…
