Stocks at the Pakistan Stock Exchange surged to a record high above 93,000 points, driven by optimism for a further decrease in the monetary policy rate. Investors are hopeful for a policy rate cut of up to 400 basis points by December, following a recent 250 basis point cut by the State Bank of Pakistan….
The Bank of England announced a cut in key interest rates due to UK inflation hitting a three-year low. This is the second rate cut since August, easing pressure on borrowers. The decision was in line with expectations, with borrowing costs reduced by 25 basis points to 4.75%. The central bank indicated that more reductions…
The Federal Reserve is set to announce its decision on whether to cut its benchmark interest rate again on Thursday. CBS News business analyst Jill Schlesinger explains what this could mean and what to expect. Stay informed by signing up for browser notifications for breaking news and exclusive reporting. source
If you’re using Internet Explorer 11, please note that it’s not supported for an optimal experience on our site. Trump’s victory in the 2024 election has led to speculation about his cabinet picks. Wall Street saw a surge in response to his win, with record highs for the Dow Jones, S&P, and Nasdaq. The Federal…
Union Home Minister Amit Shah recently spoke at an anti-terror conference in New Delhi, emphasizing the need for states to work closely with central agencies in the fight against terrorism. He highlighted a 70% decrease in terror incidents over the past decade and praised the National Investigation Agency (NIA) for its 95% conviction rate in…
Gold prices have been on the rise this year, reaching historic highs and attracting investor interest. The Federal Reserve is expected to cut interest rates this week, which could impact gold prices. While lower rates typically support higher gold prices, other factors like central bank demand and global economic conditions also play a role. Analysts…
People in Pakistan experienced a slight increase in annual inflation, reaching 7.2% in October 2024, compared to 6.9% in September. This is a significant improvement from the high inflation rates of last year. The Consumer Price Index (CPI) also saw an increase, beating market and government forecasts. Core inflation, excluding food and energy, was slightly…
The Pakistan Stock Exchange (PSX) closed just below 89,000 points, setting a new record high. Rate-sensitive sectors saw gains, driven by expectations of the central bank maintaining a hawkish stance due to improving macroeconomic indicators. Investors focused on sectors like auto-makers, cement, and banks as corporate results for the first quarter of the year came…