Pakistan's dollar-denominated sovereign debt came under pressure on Friday after the central bank slashed its growth forecast and warned of mounting headwinds while hiking interest rates to 10 percent. The country's 2036 issue fell 1.23 cents to 88.436 ce
The State Bank of Pakistan (SBP) on Friday announced an increase in the key policy rate by 150 basis points (bps) to 10 percent ahead of rising inflation, higher fiscal deficit and low foreign exchange reserves challenges to Pakistan''s economy.
The State Bank of Pakistan (SBP) on Friday announced an increase in the key policy rate by 150 basis points (bps) to 10 percent ahead of rising inflation, higher fiscal deficit and low foreign exchange reserves challenges to Pakistan's economy.
In interbank market, the rupee fell sharply in relation to the dollar, losing Rs 4.75 for buying at Rs 138.75 and it also shed Rs 3.85 for selling at Rs 139.25, dealers said.
The State Bank of Pakistan (SBP) on Friday announced an increase in the key policy rate by 150 basis points (bps) to 10 percent ahead of rising inflation, higher fiscal deficit and low foreign exchange reserves challenges to Pakistan's economy.
In interbank market, the rupee fell sharply in relation to the dollar, losing Rs 4.75 for buying at Rs 138.75 and it also shed Rs 3.85 for selling at Rs 139.25, dealers said.
Pakistan Sugar Mills Association (PSMA) and Finance Minister, Asad Umar reportedly did not reach any agreement on the sugarcane and sugar price on Friday, after the latter made it clear that it''s not federal government''s subject, well-informed sources t
Pakistan Sugar Mills Association (PSMA) and Finance Minister, Asad Umar reportedly did not reach any agreement on the sugarcane and sugar price on Friday, after the latter made it clear that it's not federal government's subject, well-informed sources tol
Pakistan Sugar Mills Association (PSMA) and Finance Minister, Asad Umar reportedly did not reach any agreement on the sugarcane and sugar price on Friday, after the latter made it clear that it's not federal government's subject, well-informed sources tol
General Qamar Javed Bajwa, Chief of Army Staff (CoAS) visited formation of Sialkot Corps during its winter collective training exercise. CoAS witnessed final phase of the operational exercise by an Infantry Division.
A powerful earthquake rocked Anchorage on Friday, violently shaking homes and businesses in Alaska's largest city and knocking out power to some residents. The 7.0 magnitude quake was located about eight miles (13 kilometers) north of Anchorage and struck
A powerful earthquake rocked Anchorage on Friday, violently shaking homes and businesses in Alaska's largest city and knocking out power to some residents. The 7.0 magnitude quake was located about eight miles (13 kilometers) north of Anchorage and struck
Copper prices steadied on Friday ahead of a meeting of global leaders at the G20 summit, where a long-standing trade dispute between China and the United States is expected to take centre stage. Tit-for-tat trade tariffs have rattled global markets and sa
US crude oil output hit a new all-time high of 11.5 million barrels per day in September, according to the government on Friday, the latest indicator of a wave of onshore US production that has weighed on global markets. US crude production rose 129,000 b
Oil prices edged lower on Friday due to concerns of oversupply and a strong dollar but losses were limited by expectations that the Organization of the Petroleum Exporting Countries (Opec) and Russia would agree some form of production cut next week.
Benchmark Tokyo rubber futures hit a near three-week high on Friday and marked the first weekly gain in eight weeks on firm oil prices and Shanghai futures. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubber prices in Southeast Asia,
Malaysian palm oil futures closed higher for the third day in a row on Friday evening, supported by gains in related edible oils and ahead of US-China trade talks at the G20 meeting on Saturday. The benchmark palm oil contract for February delivery on the
Arabica coffee futures fell more than 4 percent on Friday, pressured by technical selling and weakness in top-grower Brazil's currency, while raw sugar also fell and cocoa edged higher. March arabica coffee settled down 4.75 cent, or 4.23 percent, at $1.0
Gold held steady but pared some gains made early on Thursday as the dollar recovered and minutes from the US Federal Reserve's recent meeting showed an interest rate hike was imminent in December. Spot gold rose 0.2 percent to $1,223.75 per ounce at 15:12
Gold prices held range-bound in Asian trade on Friday as the dollar trod water after US President Donald Trump sent mixed signals about the prospects for a trade deal with Beijing, while palladium notched a record high. Donald Trump and Chinese leader Xi
Gold fell on Friday as the dollar strengthened ahead of the trade talks between the US and Chinese leaders at the G20 summit, while palladium prices crossed the key $1,200 per ounce mark for the first time. US President Donald Trump and his Chinese counte
China's primary aluminium output fell for a third straight month in October, according to official data released on Wednesday, as low aluminium prices prompted smelters to cut production even before government-mandated winter restrictions kick in.
Gold fell on Friday as the dollar strengthened ahead of trade talks between the US and Chinese leaders at the G20 summit over the weekend, while palladium prices crossed the $1,200 per ounce mark for the first time. US President Donald Trump and his Chine