Tag: interest rates
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State Bank of Pakistan to announce monetary policy decision on December 12
The State Bank of Pakistan (SBP) is set to unveil its monetary policy on Tuesday, December 12. A statement released by the central bank on Friday informed that the Monetary Policy Committee (MPC) of SBP will convene in Karachi on December 12 to deliberate on monetary policy.
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Pakistan’s stock market surges above 56,500 for the first time in history
The bullish momentum persisted in the Pakistan stock market today, propelling the key stock gauge to an unprecedented level above 56,000 for the first time in history.
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Pakistan stock market continues bullish run, nearing 55,000-point mark
The Pakistani stock market is expected to surge past 55,000 points, continuing its bullish run at the Pakistan Stock Exchange (PSX). The benchmark KSE-100 Index reached a new historic high of 54,261 points on Wednesday amidst record trading activity.
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Pakistan’s stock market surges to all-time high of 53,123.04 points
The Pakistan Stock Exchange (PSX) continued its impressive performance, with the benchmark KSE-100 index surging by over 700 points and approaching the historic milestone of 54,000 during Monday’s trading session.
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State Bank of Pakistan set to announce policy rate decision today
The State Bank of Pakistan (SBP) will soon unveil its latest monetary policy for the upcoming two months.
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US sees strongest job growth in eight months, raising rate hike possibility
In September, the United States experienced a significant increase in employment, marking the most substantial growth in eight months. This surge in hiring was widespread, indicating a persistent strength in the labour market. This development potentially provides the Federal Reserve with the rationale to consider raising interest rates once again, although it’s worth noting that…
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Pakistani rupee gains value, now at Rs292.78 per US dollar
The Pakistani rupee’s ascent against the US dollar persisted for the 12th consecutive session in the inter-bank market on Thursday, registering a 0.38 per cent gain.
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State Bank maintains interest rate at 22% as inflation takes a breather
The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has announced its decision to maintain the key policy rate at 22 per cent, as outlined in their official statement released today.
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UK job market: Rise in unemployment, but paychecks soar to new heights
The United Kingdom’s unemployment rate saw a slight increase to 4.3 per cent during the three months leading up to the end of July, as confirmed by official data released on Tuesday. This marks a marginal rise from the previous quarter’s 4.2 per cent unemployment rate, as reported by the Office for National Statistics (ONS).
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SBP expected to hike interest rates by at least 150 bps to control inflation
The State Bank of Pakistan (SBP) is expected to hike interest rates by at least 150 basis points (bps) on Thursday in an effort to curb sky-high inflation and bolster diminished foreign exchange reserves.