time
-
PSX crosses 94,000 for first time, sets intra-day record
.
A stock broker looks on during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on July 31, 2023. — AFP The Pakistan Stock Exchange (PSX) surged over 700 points on Monday, reaching an all-time high as the…
-
SBP slashes policy rate by 250bps, extending its hawkish monetary stance for 4th time
.
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…
-
Swiss minister calls US-EU debt ‘time bomb’ | The Express Tribune
.
ZURICH: Debt levels in the United States and Europe are a risk for international financial stability and for Switzerland, Swiss Finance Minister Karin Keller-Sutter said in a newspaper interview published on Saturday. In an interview with Swiss daily Blick, Keller-Sutter…
-
PSX hits historic milestone, closes above 80,000 points for first time | The Express Tribune
.
The Pakistan Stock Exchange (PSX) achieved a historic milestone on Wednesday as the KSE-100 index closed at 80,233.67 points, marking the first time it has ended a session above the 80,000 mark. This significant surge follows a continued bullish trend,…
-
Dubai set to launch flying taxis, cutting travel time tremendously
.
Dubai inks MoU with South Korea to launch flying taxis, driverless cars. — Khaleej Times/File After the announcement of the new Al Maktoum International Airport, Dubai’s Roads and Transport Authority (RTA) has signed an agreement with the Seoul Metropolitan Government,…
-
Amazon stock hits all time high making Jeff Bezos $3.3bn richer
.
Jeff Bezos wealth surges to $210 billion. — The Seattle Times/File For the first time since July 2021, Amazon stock prices hit all time high making billionaire Jeff Bezos $3.3 billion richer, Forbes reported. On Thursday, the e-commerce company’s share…
-
Mukesh Ambani thank you: Mumbai beats Beijing as Asia’s billionaire capital for first time
.
Mukesh Ambani helps Mumbai become Asia’s billionaire capital along with other Indian rich men. — Reliance/File Mumbai takes over Beijing to become Asia’s billionaire capital for the first time. Surpassing China’s average wealth per billionaire (US$3.2 billion vs US$3.8 billion),…
-
SBP keeps policy rate unchanged for fifth consecutive time | The Express Tribune
.
KARACHI: The State Bank of Pakistan (SBP) left its key policy rate unchanged on Monday at a record high of 22% for the fifth consecutive time in the past nine months, taking a cautious approach against a likely uptick in…
-
Rupee falls first time in four weeks | The Express Tribune
.
KARACHI: After recovering 11% in the past 28 consecutive working days, Pakistani currency on Tuesday depreciated 0.07% and closed at Rs277.03 to a dollar in inter-bank market on the back of uptick in demand for the greenback. Market talk suggests…
-
Time to increase returns for local USD holders | The Express Tribune
.
KARACHI: A sigh of relief is being noticed among pundits. It is loud and clear that we don’t earn enough – in rupee (fiscal) and in USD (external debt) – to put the country on a sustainable recovery path. While…
