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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 per an official notification issued on Sunday. The new prices will be effective from September…
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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 the FPCCI is crucial for aligning economic policies with the needs of the business community…
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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 is back on track after an expected technical correction amid growing optimism for a further…
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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 interest further after UK inflation hit a three-year low and signaled more reductions, easing pressure…
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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 to 15% as single-digit inflation persisted through October. Analysts as well independent economists widely believed…
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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, with the KSE-100 index surging by over 1,000 points on investor optimism surrounding an anticipated…
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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% in September but marking a significant decrease from 26.8% in October 2023, data from the…
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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, largely driven by expectations of a significant interest rate cut in the central bank’s monetary…
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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 is likely to continue its hawkish regime in view of disinflation and macroeconomic indicators that…
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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 same month last year, latest numbers released by the State Bank of Pakistan (SBP) showed…
