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Listen to article The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Monday decided to keep the policy rate unchanged at 12%, citing expectations of a temporary rise in inflation between March and May. In its announcement, the MPC stated: “At its meeting today, the committee decided to keep the policy rate unchanged at 12 percent.”…
Gold prices retreated from the record high level in the national capital on Friday, declining by Rs 700 to Rs 88,750 per 10 grams due to weak demand from jewellers and stockists, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity hit a record high of Rs 89,450 per…
Insolvencies rose 12.1 per cent last year compared with 2023, with business insolvencies leading the way, up 28.6 per cent. Construction, transportation and warehousing, and accommodation and food services were the sectors that saw the biggest increases in insolvencies in 2024, according to the Office of the Superintendent of Bankruptcy. Insolvencies include both bankruptcies and…
Descrease article font size Increase article font size The Bank of Canada’s decision to cut rates by 50 basis points on Dec 11 was a close call, with some members of the governing council suggesting a smaller reduction, according to minutes released on Friday. The central bank slashed its key policy rate to 3.25 per…
Keki Mistry, Former VC & CEO, HDFC, says a combination of an improvement in the rural economy plus a pickup in the urban economy will drive growth much higher. Mistry expects that the GDP growth will be in the higher sixes range, 6.7-6.8% though RBI’s estimate is about 6.6%. Also, 50 bps CRR cut will…
