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Federal Reserve

US banks sue Fed over ‘opaque’ stress tests

NEW YORK: A business coalition led by large US banks filed suit Tuesday against the Federal Reserve, criticizing the...

Published 25 Dec, 2024 06:25am

World

Fed’s Daly says this week’s rate cut was ‘close call’

San Francisco Federal Reserve Bank President Mary Daly on Friday said the decision by the U.S. central bank to lower...

Published 20 Dec, 2024 07:03pm

Markets

Fed seen poised to cut rates this month, debate 2025 pause

CHICAGO/PALO ALTO: Federal Reserve officials appear on track to cut interest rates this month after data showed the...

Published 07 Dec, 2024 01:29am

Business & Finance

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

World

Fed to cut rates, but with a new landscape to decipher after Trump win

WASHINGTON: The U.S. Federal Reserve is expected to reduce its benchmark policy rate by a quarter of a percentage...

Updated 07 Nov, 2024 08:02pm

Business & Finance

Federal Reserve seen on shallower rate-cut path after Trump’s election

Donald Trump’s election as U.S. president is fueling financial market bets that the Federal Reserve will deliver...

Published 06 Nov, 2024 08:40pm

World

Fed seen on track for 25-basis-point rate cuts next week and in December

Federal Reserve policymakers look all but certain to reduce short-term borrowing costs by a modest quarter of a...

Published 01 Nov, 2024 09:03pm

Markets

Fed seen cutting policy rate by 25 bps in Nov, Dec

Federal Reserve policymakers are very likely to go ahead with cutting short-term U.S. borrowing costs by a quarter...

Published 31 Oct, 2024 07:47pm

World

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 23	278.71
USD PKR Interbank Buying / Jan 23	278.56
USD to Japanese Yen / Jan 23	156.57
USD to Swiss Franc / Jan 23	0.91
Pound Sterling to USD / Jan 23	1.23
Euro to USD / Jan 23	1.04

Stock	Volume
S&P 500 / Jan 22	6,086.37
Nasdaq / Jan 22	20,009.34
Dow Jones / Jan 22	44,156.73
India Sensex / Jan 23	76,579.87
Tokyo Nikkei / Jan 23	40,000.30
Hang Seng / Jan 23	19,695.88
FTSE 100 / Jan 23	8,544.98
Germany DAX 30 / Jan 23	21,282.88

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 22	18,485
Gold 10 Grams PKR / Jan 22	246,440
Petrol/Litre / Jan 23	256.13
Crude Oil USD/Barrel / Jan 23	75.19
Gold Spot USD/Ounce / Jan 23	2,754.03
Diesel/Litre / Jan 23	260.95

Gainers
Losers
Leaders

Stock	Price
Saritow Spinning / Jan 23 Saritow Spinning Mills Limited(SSML)	10.12 ▲ 1.00 (10.96%)
Apna Microfin. / Jan 23 Apna Microfinance Bank Limited(AMBL)	10.50 ▲ 0.97 (10.18%)
Citi Pharma Ltd / Jan 23 Citi Pharma Ltd.(CPHL)	94.44 ▲ 8.59 (10.01%)
Leather Up Ltd. / Jan 23 Leather Up Limited(LEUL)	30.33 ▲ 2.76 (10.01%)
Olympia Mills / Jan 23 Olympia Mills Limited(OML)	37.04 ▲ 3.37 (10.01%)
Arif Habib Ltd. / Jan 23 Arif Habib Limited(AHL)	72.46 ▲ 6.59 (10.00%)
Dewan Motors / Jan 23 Dewan Farooque Motors Limited(DFML)	46.07 ▲ 4.19 (10.00%)
Mughal Energy / Jan 23 Mughal Energy Limited(GEM)(GEMMEL)	21.45 ▲ 1.95 (10.00%)
Liven Pharma / Jan 23 Liven Pharma Limited(LIVEN)	150.99 ▲ 13.73 (10.00%)

Stock	Price
Nagina Cot. / Jan 23 Nagina Cotton Mills Limited(NAGC)	49.95 ▼ -5.55 (-10.00%)
Gulistan Sp. / Jan 23 Gulistan Spinning Mills Limited(GUSM)	10.92 ▼ -1.21 (-9.98%)
Fecto Cement / Jan 23 Fecto Cement Limited(FECTC)	105.20 ▼ -11.20 (-9.62%)
J.K.Spinning / Jan 23 J.K. Spinning Mills Limited(JKSM)	60.50 ▼ -6.14 (-9.21%)
Kohat Textile / Jan 23 Kohat Textile Mills Limited(KOHTM)	32 ▼ -3.13 (-8.91%)
Ruby Textile / Jan 23 Ruby Textile Mills Limited(RUBY)	6.67 ▼ -0.62 (-8.50%)
Sana Ind / Jan 23 Sana Industries Limited(SNAI)	28.60 ▼ -2.64 (-8.45%)
Faisal Sp. / Jan 23 Faisal Spinning Mills Limited(FASM)	340.01 ▼ -29.89 (-8.08%)
Calcorp Ltd / Jan 23 Calcorp Limited(CASH)	33.11 ▼ -2.82 (-7.85%)

Stock	Volume
Cnergyico PK / Jan 23 Cnergyico PK Limited(CNERGY)	141,910,406 ▲ 0.58
WorldCall Telecom / Jan 23 Worldcall Telecom Limited(WTL)	100,218,430 ▲ 0.10
Fauji Cement / Jan 23 Fauji Cement Company Limited(FCCL)	83,552,040 ▲ 2.32
Lotte Chemical / Jan 23 Lotte Chemical Pakistan Limited(LOTCHEM)	35,610,583 ▲ 0.74
Citi Pharma Ltd / Jan 23 Citi Pharma Ltd.(CPHL)	32,491,903 ▲ 8.59
Bank Makramah / Jan 23 Bank Makramah Limited(BML)	30,547,553 ▼ -0.11
Maple Leaf Cement / Jan 23 Maple Leaf Cement Factory Limited(MLCF)	26,406,513 ▲ 2.50
Fauji Foods Ltd / Jan 23 Fauji Foods Limited(FFL)	22,103,404 ▲ 0.45
D.G.K.Cement / Jan 23 D.G. Khan Cement Company Limited(DGKC)	16,695,919 ▲ 2.76

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