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Jan 06, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Markets » Libor

Racking up Debt for ML-1
Libor

Racking up Debt for ML-1

Main Line 1 (ML-1) is the most important railway line operated by Pakistan Railways, stretching from Karachi to...
Published 17 Nov, 2020 01:55pm
Govt-IPPs agreement
Libor

Govt-IPPs agreement

ARTICLE: IPP issue has been dangling for a long time now. Negotiations were going on for the last few months after...
Published 20 Aug, 2020 02:57am
BoE's Bailey says now is the time to plan for post-Libor era
Libor

BoE's Bailey says now is the time to plan for post-Libor era

  • Bailey acknowledged there had been calls to step back from the Libor transition as a priority because of the shock to global financials markets caused by the coronavirus crisis.
  • But in my view, what we saw in financial markets in March in response to the shock of Covid only reinforces the importance of removing the financial system's dependence on Libor in a timely way.
Published 13 Jul, 2020 09:05pm
Bank of England tells banks to push on with climate risk analysis
Libor

Bank of England tells banks to push on with climate risk analysis

  • The guide drawn up by the Climate Financial Risk Forum (CFRF), which was set up by the BoE and Britain's Financial Conduct Authority last year.
  • "It's much easier said than done. It takes time to develop," Breeden told an online launch event for the guide.
Published 29 Jun, 2020 07:02pm
LIBOR posts biggest fall in over 2-1/2 weeks
Libor

LIBOR posts biggest fall in over 2-1/2 weeks

A key gauge of interbank bank borrowing costs recorded its biggest one-day decline in more than 2-1/2 weeks, hinting less stress in US money markets as the Federal Reserve has injected over $200 billion in temporary cash in the US banking system. The Lond
Published 21 Sep, 2019 12:00am
Dollar LIBOR posts steepest one-day drop in a decade
Libor

Dollar LIBOR posts steepest one-day drop in a decade

The interest rate that banks charge each other to borrow dollars for three months posted its biggest daily fall in 10 years on Friday as traders betted that the Federal Reserve may boost the number of US rate cuts to counter the potential economic impact
Published 04 Aug, 2019 12:00am
Licence renewal fee: PTA rejects mobile operators' apprehensions
Libor

Licence renewal fee: PTA rejects mobile operators' apprehensions

Pakistan Telecommunication Authority (PTA) has rejected mobile operators' apprehensions relating to the price of licence renewal and passed an order while fixing the fee for license renewal at $39.5 million per MHz for frequency spectrum of 900 MHz and $2
Published 25 Jul, 2019 12:00am
KP to bring throw-forward of uplift schemes
Libor

KP to bring throw-forward of uplift schemes

The provincial government of Khyber Pakhtunkhwa has decided to bring the throw-forward of development schemes during the current financial year 2019-20 to 4 years. The development situation inherited by the new government had a throw-forward of more than
Published 08 Jul, 2019 12:00am
Rs 52.73 billion budgeted from 3G licences for FY-20
Libor

Rs 52.73 billion budgeted from 3G licences for FY-20

The government has budgeted Rs 52.73 billion from 3G licences under the head of non-tax revenue for the next fiscal year 2019-20 against Rs 6.854 billion budgeted for the current fiscal year which was later revised to Rs 66.620 billion.
Published 14 Jun, 2019 12:00am
Rs 52.73 billion budgeted from 3G licences for FY-20
Libor

Rs 52.73 billion budgeted from 3G licences for FY-20

The government has budgeted Rs 52.73 billion from 3G licences under the head of non-tax revenue for the next fiscal year 2019-20 against Rs 6.854 billion budgeted for the current fiscal year which was later revised to Rs 66.620 billion.
Published 14 Jun, 2019 12:00am
Swiss ditch Libor as rate reference
Libor

Swiss ditch Libor as rate reference

  • Switzerland's central bank said Thursday it was dropping Libor as a reference in setting interest rates in another blow to the scandal-plagued benchmark.
Published 14 Jun, 2019 12:00am
Renewal of cellular mobile licences policy for 15 years approved
Libor

Renewal of cellular mobile licences policy for 15 years approved

The federal government on Tuesday approved renewal of cellular mobile licences policy for 15 years that would generate estimated revenue of $1.37 billion. However, senior officials in the Ministry of Information Technology and Telecomm-unication described
Published 08 May, 2019 12:00am
Renewal of cellular mobile licences policy for 15 years approved
Libor

Renewal of cellular mobile licences policy for 15 years approved

The federal government on Tuesday approved renewal of cellular mobile licences policy for 15 years that would generate estimated revenue of $1.37 billion. However, senior officials in the Ministry of Information Technology and Telecomm-unication described
Published 08 May, 2019 12:00am
Renewal of cellular mobile licences policy for 15 years approved
Libor

Renewal of cellular mobile licences policy for 15 years approved

The federal government on Tuesday approved renewal of cellular mobile licences policy for 15 years that would generate estimated revenue of $1.37 billion. However, senior officials in the Ministry of Information Technology and Telecomm-unication described
Published 08 May, 2019 12:00am
Revamped Euribor, Eonia set to win regulatory approval by year-end
Libor

Revamped Euribor, Eonia set to win regulatory approval by year-end

Revamped versions of the Euribor and Eonia interest rate benchmarks are set to get the regulatory green light by the end of the year, helping the euro zone catch up with reforms aimed at avoiding a repeat of the global rate-rigging scandals. Jean-Louis Sc
Published 07 May, 2019 12:00am
Dollar LIBOR falls as Fed tweaks interest on US reserves
Libor

Dollar LIBOR falls as Fed tweaks interest on US reserves

What banks charge each other to borrow dollars for three months fell to its lowest level in over six months on Thursday in the wake of the Federal Reserve's decision to lower the interest it pays banks on excess reserves in a bid to stabilize money market
Published 05 May, 2019 12:00am
Cabinet may approve mobile licence renewal policy today
Libor

Cabinet may approve mobile licence renewal policy today

The Federal Cabinet is likely to approve the policy for renewal of licences of cellular companies on Tuesday (today) after incorporating legal adjustment, through which the government has estimated to generate $1.3 billion. Prime Minister Imran Khan will
Published 09 Apr, 2019 12:00am
Banks cut CLO forecasts as spreads hit two-year high
Libor

Banks cut CLO forecasts as spreads hit two-year high

Banks are cutting Collateralized Loan Obligation (CLO) issuance forecasts after spreads on the most senior tranches of the funds hit a more than two-year high, challenging the creation of new deals. Barclays last week cut its forecast for US CLO refinanci
Published 01 Apr, 2019 12:00am
Three-month dollar LIBOR climbs to 2-1/2 weeks high
Libor

Three-month dollar LIBOR climbs to 2-1/2 weeks high

A key barometer of interbank borrowing costs increased on Friday to its highest level in about 2-1/2 weeks, partly in anticipation of US quarterly corporate tax payments in three months. The London interbank offered rate (LIBOR) to borrow dollars for thre
Published 16 Mar, 2019 12:00am
Zimbabwe central bank borrows $985 million from African banks
Libor

Zimbabwe central bank borrows $985 million from African banks

Zimbabwe's Reserve Bank has borrowed $985 million from African banks to purchase fuel and other critical imports with current reserves covering imports for just four weeks, underscoring the severity of dollar shortages, governor John Mangudya said.
Published 05 Mar, 2019 12:00am
Dollar LIBOR falls for six straight weeks
Libor

Dollar LIBOR falls for six straight weeks

A key gauge of inter-bank borrowing costs has declined for six consecutive weeks, the longest such streak since 2013, prompted by expectations the US Federal Reserve will refrain from raising interest rates in 2019. Signs of softening domestic growth, tog
Published 17 Feb, 2019 12:00am
Incentivizing local investors
Libor

Incentivizing local investors

Airbus has decided to discontinue its production of A380 which will perhaps take jobs of over three thousands of workers and technicians. Had Airbus been operating out of Pakistan, there would have been hue and cry on media that the rich company made prof
Published 17 Feb, 2019 12:00am
Dollar LIBOR posts biggest drop since May 2009
Libor

Dollar LIBOR posts biggest drop since May 2009

A key barometer of interbank borrowing costs recorded its biggest single-day fall on Thursday to its lowest level since late November amid bets that the US Federal Reserve might lower interest rates.
Published 08 Feb, 2019 12:00am
'PBCs timing is not appropriate given rating downgrades'
Libor

'PBCs timing is not appropriate given rating downgrades'

The timing of the issuance of Pakistan Banao Certificates was not appropriate given Fitch's downgrading of Pakistan's long-term currency issuer default rating to 'B-' from 'B' on December 15, 2018 followed more recently by Standard and Poor's downgrading
Published 08 Feb, 2019 12:00am
'PBCs timing is not appropriate given rating downgrades'
Libor

'PBCs timing is not appropriate given rating downgrades'

The timing of the issuance of Pakistan Banao Certificates was not appropriate given Fitch's downgrading of Pakistan's long-term currency issuer default rating to 'B-' from 'B' on December 15, 2018 followed more recently by Standard and Poor's downgrading
Published 08 Feb, 2019 12:00am
''PBCs timing is not appropriate given rating downgrades''
Libor

''PBCs timing is not appropriate given rating downgrades''

The timing of the issuance of Pakistan Banao Certificates was not appropriate given Fitch''s downgrading of Pakistan''s long-term currency issuer default rating to ''B-'' from ''B'' on December 15, 2018 followed more recently by Standard and Poor''s downg
Published 08 Feb, 2019 12:00am
''''PBCs timing is not appropriate given rating downgrades''''
Libor

''''PBCs timing is not appropriate given rating downgrades''''

The timing of the issuance of Pakistan Banao Certificates was not appropriate given Fitch''''s downgrading of Pakistan''''s long-term currency issuer default rating to ''''B-'''' from ''''B'''' on December 15, 2018 followed more recently by Standard and P
Published 08 Feb, 2019 12:00am
Dollar LIBOR posts biggest monthly fall since 2010
Libor

Dollar LIBOR posts biggest monthly fall since 2010

A key barometer of interbank interest rates recorded its biggest monthly decline in January on Thursday after the US Federal Reserve signaled it was not rushing to increase borrowing costs, prompted by muted inflation and risks to economic growth.
Published 04 Feb, 2019 12:00am
Dollar LIBOR falls to lowest in 6-1/2 weeks
Libor

Dollar LIBOR falls to lowest in 6-1/2 weeks

A key gauge of inter-bank interest rates decreased on Friday to its lowest in 6-1/2 weeks as traders expect short-term borrowing costs to decline on worries about slowing economic growth and the US Federal Reserve being in no hurry to raise rates.
Published 20 Jan, 2019 12:00am
Bankers take first step towards replacing scandal-hit Euribor rate
Libor

Bankers take first step towards replacing scandal-hit Euribor rate

Eurozone bankers took a first, tentative step on Thursday towards ditching their scandal-hit Euribor interest rate and finding a new benchmark for trillions of euros worth of mortgages and derivatives. The industry has been at an impasse since it emerged
Published 24 Dec, 2018 12:00am
Bankers take first step towards replacing scandal-hit Euribor rate
Libor

Bankers take first step towards replacing scandal-hit Euribor rate

Eurozone bankers took a first, tentative step on Thursday towards ditching their scandal-hit Euribor interest rate and finding a new benchmark for trillions of euros worth of mortgages and derivatives. The industry has been at an impasse since it emerged
Published 24 Dec, 2018 12:00am