[ad_1] Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. — Reuters/File World Bank, IMF see rising risks of global recession. Dollar gains on rate hike fears, weighing on…
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Rupee to edge up with SBP’s moderately hawkish impact: analysts
[ad_1] A currency trader counts Pakistani Rupee notes as he prepares an exchange of U.S dollars in Islamabad, Pakistan December 11, 2017. — Reuters/File Analysts believe rupee is unlikely to fall from its…
Finance czar Ishaq Dar directs SBP chief to clear LCs worth $50,000
[ad_1] Federal Minister for Finance and Revenue Ishaq Dar addresses a press conference in Islamabad on October 9, 2022. — YouTube Screengrab via PTV News Finance chief directs SBP chief to clear…
Ukraine’s economy shrank by 30% in first three quarters of 2022
[ad_1] A view shows a grain terminal in the sea port in Odesa after restarting grain export, as Russia’s attack on Ukraine continues, Ukraine August 19, 2022. — Reuters Ukraine’s economy shrank…
SBP likely to maintain status quo in interest rate today
[ad_1] A logo of the State Bank of Pakistan (SBP) is pictured on a reception desk at the head office in Karachi, Pakistan July 16, 2019. — Reuters/File Market reports suggest policy…
No respite for dollar as rupee opens week on positive note
[ad_1] Men exchange Pakistani banknotes at a shop counter in Peshawar, Pakistan, on November 17, 2017. — Reuters Pakistani rupee appreciates for 12th consecutive session. Local currency gains Rs1.95 against dollar. SBP likely…
US trio, including ex-Fed chief Bernanke, win economics Nobel
[ad_1] Members of the Royal Swedish Academy of Sciences Tore Ellingsen, Hans Ellegren and John Hassler announce the 2022 Nobel Prize for Economic Sciences, during a news conference at the Royal Swedish…
SBP leaves interest rate unchanged at 15%
[ad_1] A representational image of the State Bank of Pakistan (SBP) building. — AFP/File Monetary policy committee will now meet on November 25. Central bank had cumulatively increased rate by 800bps in…
Bulls stage comeback at PSX on Ishaq Dar’s cues
[ad_1] An investor can be seen speaking on the phone while looking the computer screen. — AFP Investors cheer Dar’s assurance Pakistan will not seek debt restructuring from Paris club. Benchmark KSE-100…
Moody’s downgrades five Pakistani banks’ ratings; maintains negative outlook
[ad_1] Signage is seen outside Moody’s Corporation headquarters in Manhattan, New York, US, November 12, 2021. — Reuters/File Rating agency lowers Pakistan’s real GDP growth to 0-1% for FY23. The outlook on…