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Federal Reserve

Fed’s Logan eyes more gradual rate cuts amid more balance sheet cuts

NEW YORK: Federal Reserve Bank of Dallas President Lorie Logan said Monday she sees more rate cuts ahead for the...

Published 21 Oct, 2024 05:59pm

World

Fed seen cutting rates gradually to 3.5% by mid-2025

Federal Reserve policymakers are seen as likely to deliver a quarter-percentage-point interest-rate cut next month...

Published 10 Oct, 2024 07:33pm

Business & Finance

Fed terminates 2013 money-laundering enforcement action against Citigroup

WASHINGTON: The Federal Reserve announced on Tuesday that it had terminated a 2013 enforcement action it filed...

Published 02 Oct, 2024 06:19am

Markets

Fed seen cutting rates another 50 bps in November

The Federal Reserve is likelier than not to deliver a second 50-basis-point interest rate cut in November, traders...

Published 27 Sep, 2024 06:23pm

Business & Finance

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

Business & Finance

Dollar lower in choppy trade

NEW YORK: The US dollar edged slightly lower in choppy trading on Wednesday as markets grappled with the supersized...

Published 20 Sep, 2024 06:10am

World

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

Business & Finance

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

Markets

Dollar wobbles toward Fed decision

SINGAPORE: The dollar wavered on Wednesday, while the yen regained some lost ground as investors made last-minute...

Published 18 Sep, 2024 08:36am

Business & Finance

US Fed begins two-day meeting set to end with rate cut

WASHINGTON: The US Federal Reserve began a two-day interest rate discussion on Tuesday that is all-but-certain to...

Published 17 Sep, 2024 08:17pm

Business & Finance

Fed expected to announce its first interest rate cut since 2020

WASHINGTON: The Federal Reserve is gearing up to announce its first interest rate cut for more than four years on...

Published 16 Sep, 2024 06:08am

World

Fed seen cutting policy rate by 25 bps next week

US central bankers will likely start long-awaited interest-rate cuts next week with a quarter-of-a-percentage-point...

Updated 11 Sep, 2024 07:13pm

Markets

Yen hits eight-month high as focus shifts to US politics, BOJ rate hikes

TOKYO: The safe-haven yen hit its highest since the start of the year against the dollar on Wednesday as US...

Published 11 Sep, 2024 10:05am

Business & Finance

US Fed vice chair tones down proposals for fresh banking regulations

WASHINGTON: A senior US Federal Reserve official proposed Tuesday a number of “broad and material” changes to new...

Published 10 Sep, 2024 07:41pm

World

Fed’s Williams says time has arrived to start rate cuts

The stance of monetary policy can be moved to a more neutral setting over time depending on the evolution of the data, the outlook, and the risks to achieving our objectives, says Federal Reserve Bank of New York President John Williams

Updated 06 Sep, 2024 10:17pm

Business & Finance

US dollar gains after GDP data

NEW YORK: The US dollar rose on Thursday after data showed the world’s largest economy grew a little faster than...

Published 30 Aug, 2024 06:08am

Business & Finance

Fed’s Williams expects rates to come down as inflation pressures ease

Federal Reserve President John Williams said on Tuesday interest rates will come down gradually over time, but he...

Updated 19 Jun, 2024 08:52am

Markets

Gold prices up as US bond yields ease, Fed speakers in focus

Gold prices edged higher on Tuesday as Treasury yields eased, with market participants awaiting US data and comments...

Published 18 Jun, 2024 10:18am

Business & Finance

US dollar rallies after jobs report

NEW YORK: The US dollar jumped on Friday after data showed the world’s largest economy created a lot more jobs ...

Published 08 Jun, 2024 07:00am

World

Fed seen more likely to cut rates in Sept after PCE data

The Federal Reserve is more likely to deliver a long-awaited rate cut in September after a U.S. Commerce Department...

Published 31 May, 2024 07:05pm

Markets

China stocks close down as investors await inflation data

SHANGHAI: Chinese stocks closed down on Tuesday as traders awaited key inflation data from major economies this week...

Published 29 May, 2024 06:05am

Markets

Qatar index hits 7-month low as most Gulf bourses slip

DUBAI: Stock markets in the Gulf slipped on Monday as investors turned cautious ahead of the US inflation data this...

Published 28 May, 2024 05:30am

Markets

Oil prices rise after positive US economic data

LONDON: Oil futures rose on Thursday bolstered by slower than expected inflation and a stabilising U.S. job market,...

Updated 16 May, 2024 07:37pm

Business & Finance

Fed gets some good news on inflation progress

Federal Reserve policymakers waiting to see renewed progress on inflation before reducing borrowing costs got some...

Published 15 May, 2024 08:53pm

Business & Finance

US Fed official now sees just one rate cut at end of 2024

WASHINGTON: The current strength of the US economy means the Federal Reserve should cut interest rates just once...

Published 03 Apr, 2024 09:50pm

Business & Finance

US Fed official predicts higher long-term interest rates

WASHINGTON: A senior Federal Reserve official confirmed Tuesday that she recently raised her prediction for interest...

Published 02 Apr, 2024 09:52pm

Business & Finance

US Fed expected to keep rates on hold and debate timing of cuts

WASHINGTON: The US Federal Reserve could provide additional clues on Wednesday about how much it will cut interest...

Published 20 Mar, 2024 06:36pm

Business & Finance

US Fed kicks off rate meeting with timing of cuts up for discussion

WASHINGTON: The US Federal Reserve began two days of discussions on Tuesday at which policymakers are expected to...

Published 19 Mar, 2024 07:17pm

Markets

Dollar steadies as traders weigh hotter-than-expected inflation

TOKYO: The US dollar held steady against a handful of rival currencies on Wednesday, as traders weighed what impact...

Published 13 Mar, 2024 09:55am

Business & Finance

Asian FX in ‘wait and watch’ mode ahead of US CPI

BENGALURU: Most Asian currencies were subdued on Tuesday as traders refrained from making fresh bets ahead of a key...

Published 13 Mar, 2024 06:31am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 30	277.85
USD PKR Interbank Buying / Oct 30	277.65
USD to Japanese Yen / Oct 30	153.33
USD to Swiss Franc / Oct 30	0.87
Pound Sterling to USD / Oct 30	1.30
Euro to USD / Oct 30	1.08

Stock	Volume
S&P 500 / Oct 29	5,823.92
Nasdaq / Oct 29	18,712.75
Dow Jones / Oct 29	42,233.05
India Sensex / Oct 30	80,261.31
Tokyo Nikkei / Oct 30	39,277.39
Hang Seng / Oct 30	20,369.49
FTSE 100 / Oct 30	8,198.17
Germany DAX 30 / Oct 30	19,360.95

Item	Value
Karachi Cotton PKR/37.32 KG / Oct 29	18,085
Gold 10 Grams PKR / Oct 29	244,342
Crude Oil USD/Barrel / Oct 30	67.79
Gold Spot USD/Ounce / Oct 30	2,787.26
Cotton US¢/pound / Oct 30	70.63
Petrol/Litre / Oct 31	247.03

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 31 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 31 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 31 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 31 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 31 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 31 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 31 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 31 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 31 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 31 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 31 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 31 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 31 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 31 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 31 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 31 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 31 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 31 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 31 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 31 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 31 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 31 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 31 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 31 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 31 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 31 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 31 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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