Global News | World latest News| Trending News
The State Bank of Pakistan (SBP) announced on Monday that it had decided to cut its key policy rate by 100 basis points (bps) to 12 per cent from 13pc amid demands for a major rate cut. The central bank’s policy rate, after being slashed by 1,000bps from 22pc since June 2024 in six intervals,…
The State Bank of Pakistan (SBP) confirmed on Thursday that the United Arab Emirates (UAE) has agreed to roll over two $1 billion deposits for another year, set to mature this month. The United Arab Emirates has rolled over two deposits, each worth $1 billion, held with the State Bank of Pakistan for another year,…
The State Bank of Pakistan on Friday said remittances from overseas Pakistanis recorded inflows of $3.1 billion in December which Prime Minister Shehbaz Sharif hailed as a “record increase”. A statement issued today said the growth in workers’ remittances was 29.3 per cent compared to the same month last year and a 5.6pc increase in…
Pakistan’s stock market surged to a record high on Tuesday, closing above 117,000 points for the first time. This rally was fueled by investor confidence, bolstered by the State Bank of Pakistan’s (SBP) recent 200-basis-point policy rate cut to 13%, positive macroeconomic indicators, and expectations of continued economic growth. The KSE-100 index climbed 869.76 points…
The stock market continued its ascent to cross 106,000 points mark on Thursday, driven by growing anticipation of a substantial interest rate cut in the State Bank of Pakistan’s (SBP) upcoming monetary policy meeting on December 16, record-low inflation and strengthening economic indicators. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index hit a new intra-day…
