Business & Finance » Interest Rates

Money & Banking

Fed’s Cook: More cuts likely appropriate as disinflation expected to continue

CHARLOTTESVILLE: U.S. inflation continues to ease, with wages and the job market cooling and excess price increases...

Published 20 Nov, 2024 09:57pm

USA

Fed cuts rates, notes labor market easing and solid economic growth

Slashes benchmark interest rate by 25 basis points to target range of 4.5% to 4.75%

Published 08 Nov, 2024 12:20am

Money & Banking

Bank of England cuts interest rate as inflation slows

LONDON: The Bank of England on Thursday said it was cutting its key interest further after UK inflation hit a...

Published 07 Nov, 2024 05:40pm

Business & Economy

Higher than market consensus: SBP reduces key policy rate by 250bps, takes it to 15%

Most analysts had expected cut of 200bps

Updated 04 Nov, 2024 09:53pm

2024-11-03-02-40

PVMA for reduction in interest rate

KARACHI: Pakistan Vanaspati Manufacturers Association (PVMA) Chairman, Sheikh Umer Rehan, has strongly urged the...

Updated 03 Nov, 2024 09:49am

2024-11-03-02-40

Business leaders demand cut in interest rates

KARACHI: President of the United Business Group (UBG), Zubair F Tufail, former Senior Vice President of FPCCI Mazhar...

Published 03 Nov, 2024 06:34am

2024-11-03-02-40

‘SBP shouldn’t be overly cautious while announcing monetary policy’

KARACHI: Chairman of National Business Group Pakistan, the President of the Pakistan Businessmen and Intellectuals...

Published 03 Nov, 2024 06:34am

Interest Rates

ECB makes back-to-back interest rate cuts as inflation falls

FRANKFURT: The European Central Bank cut interest rates again Thursday, upping the tempo at which it is lowering...

Updated 17 Oct, 2024 06:38pm

Interest Rates

FPCCI demands lowering policy rate to 9pc

KARACHI: Atif Ikram Sheikh, President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has...

Published 03 Oct, 2024 07:50am

Interest Rates

Big rate cut was ‘appropriate’ first step: Fed official

WASHINGTON: The US Federal Reserve’s decision to cut interest rates by half a percentage-point was “an appropriate...

Published 23 Sep, 2024 06:18pm

Money & Banking

SBP’s profit hits record Rs3.4tn in FY24, govt set for windfall

Higher interest rates, exchange gain help central bank post record earnings

Updated 23 Sep, 2024 11:01pm

Business & Economy

Pakistan’s inflation likely to slow down further in September, fueling further rate cut speculation

The slowing inflationary trend in Pakistan is likely to continue in September, and projected to come down to almost...

Updated 21 Sep, 2024 08:07pm

USA

US Fed rate cut is ‘very positive sign’ for economy: Yellen

WASHINGTON: The US central bank’s decision to slash interest rates this week is a “very positive sign” for where the...

Published 19 Sep, 2024 09:10pm

Money & Banking

Turkish central bank keeps rates steady, alters guidance

ISTANBUL: Turkiye’s central bank held its main interest rate steady at 50% for a sixth straight month on Thursday as...

Updated 19 Sep, 2024 06:16pm

Money & Banking

Bank of England holds rate steady after jumbo US cut

LONDON: The Bank of England on Thursday kept its key interest rate at 5.0 percent, deciding against consecutive cuts...

Published 19 Sep, 2024 05:19pm

USA

Fed cuts rates by half a percentage point, cites ‘greater confidence’ about inflation

Fed had held policy rate in the 5.25%-5.50% range since July of 2023 as inflation fell from a 40-year high to a level that is now approaching the central bank's target

Updated 19 Sep, 2024 12:23am

Money & Banking

With Fed’s rate cut at hand, debate swirls over how big a move

WASHINGTON: The Federal Reserve on Wednesday will lower interest rates for the first time in more than four years as...

Updated 18 Sep, 2024 08:42pm

Interest Rates

US Fed set to make first rate cut since 2020

WASHINGTON: The US Federal Reserve is all but certain to cut interest rates on Wednesday for the first time in more...

Published 18 Sep, 2024 11:48am

2024-09-16-01-16

ICMA calls for ‘significant’ policy rate cut

KARACHI: The Institute of Cost and Management Accountants of Pakistan (ICMA) has released an in-depth analysis of ...

Updated 16 Sep, 2024 07:15am

Money & Banking

National Savings Schemes: CDNS reduces profit rates on majority of its instruments

The Central Directorate of National Savings (CDNS) has reduced profit rates on several of its National Savings...

Updated 14 Sep, 2024 05:06pm

Interest Rates

UBG seeks more 3pc cut in interest rate

KARACHI: Leaders of United Business Group (UBG) have criticised the State Bank’s mere 2% reduction in the interest...

Published 14 Sep, 2024 06:45am

2024-09-14-03-05

SAI chief condemns 2pc cut in interest rate

KARACHI: Muhammad Kamran Arbi, President of the Site Association of Industry (SAI), has criticized the State Bank of...

Published 14 Sep, 2024 06:56am

2024-09-14-03-05

Business community hails 200bps cut in policy rate

PESHAWAR: Former Senator, Chairman Khyber Pakhtunkhwa Textile Mills Association (KPTMA) and renowned businessman,...

Published 14 Sep, 2024 07:28am

2024-09-13-01-34

ECB cuts interest rates as growth dwindles

FRANKFURT: The European Central Bank cut interest rates again on Thursday as inflation slows and economic growth...

Updated 13 Sep, 2024 07:27am

Interest Rates

SBP made its most aggressive move on the interest rate, but business associations are still unhappy

The State Bank of Pakistan (SBP) moved more aggressively on the key interest rate than what the wider market had...

Updated 12 Sep, 2024 09:26pm

Business & Economy

Most aggressive cut since April 2020: SBP reduces key policy rate by 200bps, brings it down to 17.5%

Pace of disinflation exceeded earlier expectations, says central bank
The previous occasion SBP moved with this quantum of reduction was in April 2020

Updated 12 Sep, 2024 10:54pm

2024-09-10-01-11

UBG demands cut in interest rate

KARACHI: Leaders of United Business Group (UBG) have demanded the government to reduce interest rates by 4 to 5...

Published 10 Sep, 2024 06:32am

2024-09-07-02-27

FPCCI seeks 400bps cut in interest rate

LAHORE: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has called on the government and ...

Updated 07 Sep, 2024 09:00am

Interest Rates

KATI urges SBP to reduce bank interest rates

KARACHI: Korangi Association of Trade and Industry (KATI) has issued an urgent call to the State Bank of Pakistan...

Published 07 Sep, 2024 06:59am

Statistics

Fourth successive decline: weekly SPI down to 3-year low

The Sensitive Price Indicator (SPI) for the week ended September 05, 2024 decreased by 0.15%, according to the...

Updated 06 Sep, 2024 10:18pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 20	278.13
USD PKR Interbank Buying / Nov 20	277.93
USD to Japanese Yen / Nov 20	154.96
USD to Swiss Franc / Nov 20	0.88
Pound Sterling to USD / Nov 20	1.27
Euro to USD / Nov 20	1.06

Stock	Volume
S&P 500 / Nov 20	5,917.11
India Sensex / Nov 20	77,578.38
Tokyo Nikkei / Nov 20	38,072.42
Nasdaq / Nov 20	18,966.14
Hang Seng / Nov 20	19,668.80
FTSE 100 / Nov 20	8,085.07
Dow Jones / Nov 20	43,408.47
Germany DAX 30 / Nov 20	19,004.78

Item	Value
Crude Oil USD/Barrel / Nov 20	68.87
Karachi Cotton PKR/37.32 KG / Nov 20	17,885
Gold 10 Grams PKR / Nov 20	238,940
Gold Spot USD/Ounce / Nov 20	2,655.46
Cotton US¢/pound / Nov 20	70.41
Petrol/Litre / Nov 21	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

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