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Govt maintains petrol price, cuts diesel rate by Rs3 per litre
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[ad_1] Employees at a fuel station attend to their customers in Islamabad, Pakistan, on February 16, 2022. — AFP/File The government has maintained the petrol price and cut the diesel by Rs3 per litre for the next 15 days, as…
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SBP governor promises gradual rate cuts | The Express Tribune
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[ad_1] KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmed has announced that the central bank will reduce the policy rate gradually through a phase-wise approach. Speaking during a visit to the FPCCI on Thursday, the governor highlighted that consulting…
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Rate cut rally resumes to push PSX above 93,000 mark in day trading
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[ad_1] Brokers at the PSX look at the electronic board in this undated image. — Reuters Stocks surged to a record intraday high above the 93,000-point mark on Friday, as a multi-session rally, spurred by the recent policy rate cut…
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Bank of England cuts interest rate as inflation slows
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[ad_1] A pedestrian crosses the streets in front of The Bank of England illuminated by a ray of sunlight, in central London, on February 12, 2024. — AFP The Bank of England on Thursday said it was cutting its key…
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SBP slashes policy rate by 250bps, extending its hawkish monetary stance for 4th time
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[ad_1] The State Bank of Pakistan’s (SBP) old building in Karachi. — AFP/File The State Bank of Pakistan (SBP) on Monday eased its monetary policy for fourth time in a row, lowering the key interest rate by 250 basis points…
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Market rallies as investors anticipate SBP rate cut
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[ad_1] Pakistani stockbrokers watch the latest share prices on a digital board during a trading session at the PSX in Karachi on May 28, 2013. — AFP The Pakistan Stock Exchange (PSX) rallied strongly as the beginning of the week,…
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Inflation up at 7.2% in Oct as SBP gets ready for policy rate decision
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[ad_1] People look at handbags on display outside shops in a market, ahead of Eid al-Fitr celebrations in Karachi, Pakistan April 19, 2023. — Reuters Pakistan’s annual inflation edged up to 7.2% in October 2024, registering an increase from 6.9%…
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PSX rallies past 91,300 points amid rate cut speculations
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[ad_1] Stock brokers monitor new on television screen at a booth, during a trading session at the Pakistan Stock Exchange, in Karachi, on July 3, 2023. — Reuters Stretching the winning streak, stocks whizzed past 91,300 points in intraday trade,…
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PSX tops 89,000 points to hit all-time intraday high on rate cut bets
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[ad_1] A broker talks on the phone at the Pakistan Stock Exchange in Karachi on May 20, 2024. — PPI Pakistan Stock Exchange (PSX) hit an intraday high on Thursday, surpassing 88,400 points amid strong hopes that the central bank…
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Remittances jump 29% YoY in Sept on exchange rate stability
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[ad_1] An employee of a bank counts US dollar notes at a branch in Hanoi, Vietnam May 16, 2016.— Reuters Remittances sent home by overseas workers jumped 29% year-on-year (YoY) to $2.849 billion in September from $2.208 billion in the…
