Business & Finance » Interest Rates

Money & Banking

BoE holds interest rate after inflation rise

LONDON: The Bank of England on Thursday kept its key interest rate at 4.75 percent, deciding against a cut in line...

Published 19 Dec, 2024 05:27pm

Money & Banking

US Fed begins final 2024 rate meeting with cut expected

WASHINGTON: The US Federal Reserve began its last interest rate meeting of the year on Tuesday, with expectations...

Published 17 Dec, 2024 09:36pm

Business & Economy

Govt’s interest payments to decrease by Rs1.5tn in FY25 as policy rate comes down: SBP chief

State Bank of Pakistan (SBP) Governor Jameel Ahmad has said the decline in key policy rate will help the government...

Updated 17 Dec, 2024 09:04pm

2024-12-17-03-33

Key interest rate brought down by 200bps to 13pc

KARACHI: With inflation declining in line with its expectations, the Monetary Policy Committee (MPC) of the State...

Published 17 Dec, 2024 06:47am

Interest Rates

‘Interest rate still too high’: business community reacts to SBP’s cut of 200bps

Pakistan business community welcomed the State Bank of Pakistan’s (SBP) decision to cut the key policy rate by 200...

Updated 16 Dec, 2024 09:05pm

Business & Economy

How the key interest rate has moved since July 2022

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Monday reduced the key policy rate by 200...

Updated 16 Dec, 2024 09:46pm

Business & Economy

Fifth successive cut: SBP reduces key policy rate by 200bps, takes it to 13%

Development in line with analysts' expectations

Updated 16 Dec, 2024 10:39pm

2024-12-16-01-32

REAP chairman demands 500bps policy rate cut

LAHORE: Rice Exporters Association of Pakistan (REAP) Chairman Malik Faisal Jahangir has urged the government to...

Published 16 Dec, 2024 06:08am

2024-12-13-01-43

KCCI urges SBP to reduce policy rate by 400bps

KARACHI: President Karachi Chamber of Commerce and Industry (KCCI) Muhammad Jawed Bilwani, while referring to the...

Published 13 Dec, 2024 06:29am

2024-12-16-03-26

Fed may cut rates in last meeting of Biden era

WASHINGTON: The US Federal Reserve is widely expected to announce a quarter point cut to its key lending rate on...

Published 16 Dec, 2024 06:08am

Money & Banking

ECB cuts rates again, keeps door open to further cuts

FRANKFURT: The European Central Bank cut interest rates for the fourth time this year on Thursday, by quarter of a...

Published 12 Dec, 2024 08:03pm

Asia

China pledges more debt, rate cuts as Trump tariff threats loom

BEIJING: China pledged on Thursday to increase the budget deficit, issue more debt and loosen monetary policy to...

Published 12 Dec, 2024 05:53pm

Interest Rates

Bank of Canada cuts rates by 50 bps, frets over possible Trump tariffs

OTTAWA: The Bank of Canada slashed its key policy rate by 50 basis points to 3.25% on Wednesday and indicated that...

Published 11 Dec, 2024 09:56pm

Money & Banking

Another significant cut in key policy rate expected as inflation eases

SBP has eased its monetary stance since June 2024, cumulatively reducing key interest rate by 700bps
MPC is next scheduled to meet on December 16

Updated 03 Dec, 2024 10:56pm

Money & Banking

T-bills: foreign investment sees net outflow of $58.04mn in three weeks of November

KARACHI: Pakistan saw a net outflow of $58.04 million from T-bills in the three weeks that ended November 22, 2024...

Updated 03 Dec, 2024 10:58pm

Business & Economy

Lowest since May 2018: inflation in Pakistan clocks in at 4.9% in November 2024

Reading also below official expectations

Updated 02 Dec, 2024 10:30pm

Money & Banking

SBP makes key revisions to Minimum Profit Rate requirements, Islamic banking guidelines

In a major development for the banking sector, the State Bank of Pakistan (SBP) on Tuesday announced that the...

Updated 26 Nov, 2024 10:53pm

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 31	278.75
USD PKR Interbank Buying / Dec 31	278.55
USD to Japanese Yen / Dec 31	157.31
USD to Swiss Franc / Dec 31	0.91
Pound Sterling to USD / Dec 31	1.25
Euro to USD / Dec 31	1.04

Stock	Volume
S&P 500 / Dec 31	5,881.63
India Sensex / Dec 31	78,139.01
Tokyo Nikkei / Dec 31	39,894.54
Nasdaq / Dec 31	19,310.79
Hang Seng / Dec 31	20,059.95
FTSE 100 / Dec 31	8,173.02
Dow Jones / Dec 31	42,544.22
Germany DAX 30 / Dec 31	19,909.14

Item	Value
Gold 10 Grams PKR / Dec 30	241,430.80
Crude Oil USD/Barrel / Dec 31	71.76
Karachi Cotton PKR/37.32 KG / Dec 31	17,800
Gold Spot USD/Ounce / Dec 31	2,638.20
Cotton US¢/pound / Dec 31	68.40
Petrol/Litre / Jan 2	252.66

Gainers
Losers
Leaders

Stock	Price
First Prudential Mod. / Jan 1 First Prudential Modaraba(PMI)	3.90 ▲ 1.00 (34.48%)
Escorts Bank / Jan 1 Escorts Investment Bank Limited(ESBL)	6.05 ▲ 1.00 (19.80%)
Ittefaq Iron Ind / Jan 1 Ittefaq Iron Industries Limited(ITTEFAQ)	8.47 ▲ 1.00 (13.39%)
Equity Modaraba / Jan 1 First Equity Modaraba(FEM)	3.53 ▲ 0.33 (10.31%)
Pak Stock Exchange / Jan 1 Pakistan Stock Exchange Limited(PSX)	30.53 ▲ 2.78 (10.02%)
Ali Asghar / Jan 1 Ali Asghar Textile Mills Limited(AATM)	72 ▲ 6.55 (10.01%)
Big Bird Foods / Jan 1 Big Bird Foods Limited(BBFL)	62.70 ▲ 5.70 (10.00%)
Crescent Steel / Jan 1 Crescent Steel & Allied Products Limited(CSAP)	115.51 ▲ 10.50 (10.00%)
Hallmark Co. / Jan 1 Hallmark Company Limited(HCL)	1,006.17 ▲ 91.47 (10.00%)

Stock	Price
Dadex Eternit / Jan 1 Dadex Eternit Limited(DADX)	63.47 ▼ -7.05 (-10.00%)
Frontier Ceram / Jan 1 Frontier Ceramics Limited(FRCL)	38.62 ▼ -4.29 (-10.00%)
Khairpur Sug. / Jan 1 Khairpur Sugar Mills Limited(KPUS)	183.43 ▼ -20.38 (-10.00%)
Shahmurad Sugar / Jan 1 Shahmurad Sugar Mills Limited(SHSML)	383.24 ▼ -42.58 (-10.00%)
Universal Ins. / Jan 1 The Universal Insurance Company Limited(UVIC)	10.76 ▼ -1.19 (-9.96%)
Fateh Sports / Jan 1 Fateh Sports Wear Limited(FSWL)	78.55 ▼ -8.67 (-9.94%)
East West Ins. / Jan 1 East West Insurance Company Limited(EWIC)	51.60 ▼ -5.69 (-9.93%)
Nimir Resins / Jan 1 Nimir Resins Limited(NRSL)	27.80 ▼ -2.99 (-9.71%)
Al-Khair Gadoon / Jan 1 Al-Khair Gadoon Limited(AKGL)	38 ▼ -3.45 (-8.32%)

Stock	Volume
Cnergyico PK / Jan 1 Cnergyico PK Limited(CNERGY)	213,352,120 ▼ -0.21
Pace (Pak) Ltd. / Jan 1 Pace (Pakistan) Limited(PACE)	66,219,268 ▼ -0.14
WorldCall Telecom / Jan 1 Worldcall Telecom Limited(WTL)	65,770,728 ▼ -0.01
B.O.Punjab / Jan 1 The Bank of Punjab(BOP)	63,821,141 ▲ 0.17
Pak Int.Bulk / Jan 1 Pakistan International Bulk Terminal(PIBTL)	62,440,252 ▼ -0.12
Fauji Foods Ltd / Jan 1 Fauji Foods Limited(FFL)	55,744,730 ▲ 0.27
Pak Refinery / Jan 1 Pakistan Refinery Limited(PRL)	50,109,115 ▼ -1.47
K-Electric Ltd. / Jan 1 K-Electric Limited(KEL)	44,203,440 ▼ -0.05
Telecard Limited / Jan 1 Telecard Limited(TELE)	34,631,623 ▲ 0.06

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