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Treasury Secretary

Biden laying foundation for green energy investments: Yellen

CHAPEL HILL: US President Joe Biden’s push for green energy tax credits will help boost a massive ramp up in private...

Published 27 Sep, 2022 10:17pm

Markets

US says had constructive talks with India on Russian oil price cap plan

NEW DELHI: The United States had constructive discussions with Indian officials on a proposal to cap prices of...

Published 26 Aug, 2022 06:40pm

World

Some Trump era China tariffs serve ‘no strategic purpose’, Yellen says

WASHINGTON: U.S. Treasury Secretary Janet Yellen said on Sunday some tariffs on China inherited from the...

Published 19 Jun, 2022 09:11pm

Markets

High US inflation 'not acceptable' but recovery on track: Yellen to AFP

WASHINGTON: Soaring US inflation rates are "not acceptable" but the health of the world's largest economy is...

Published 17 Feb, 2022 11:01am

Business & Finance

Yellen confident Congress will pass global minimum tax

WASHINGTON: Treasury Secretary Janet Yellen said on Sunday she was confident the U.S. Congress would ...

Published 11 Oct, 2021 04:32am

Markets

Trillion-dollar coin? Washington eyes solution to budget impasse

NEW YORK: Talk of a trillion-dollar US coin has returned to Washington now that Congress is mired in another...

Published 29 Sep, 2021 10:25am

World

US Senate narrowly approves $3.5 trillion spending plan

But it's unclear how soon the House, which has a slim Democratic majority, will take up the measure

Published 11 Aug, 2021 02:18pm

Markets

Asian markets extend gains as recovery gathers pace

Hong Kong, Shanghai, Singapore, Seoul and Jakarta were also up, though there were small losses in Manila after a more than five percent surge Thursday.

Published 28 May, 2021 10:15am

World

Fed's Evans says easy monetary policy has his 'full' support

"I have not seen anything yet to persuade me to change my full support of our accommodative stance for monetary policy or our forward guidance about the path for policy," Evans said in remarks prepared for delivery to a Bank of Japan conference.
Government spending has lifted inflation expectations recently, he noted, in what he called a "welcome" development.

Published 25 May, 2021 06:49pm

Markets

Hong Kong stocks open lower

The Hang Seng Index slipped 0.45 percent, or 129.47 points, to 28,427.67.

Published 05 May, 2021 11:24am

Markets

Asian markets swing after Yellen spooks Wall St, eyes on US jobs

"Sure, a five percent pullback below 4,000 is quite possible -- and more likely probable, in that the narrative of the past week was to sell on the earnings news, regardless of the blowout numbers crossing the tape."

Published 05 May, 2021 11:12am

Markets

Hong Kong stocks head into break flat

The Hang Seng Index inched up 2.66 points to 28,559.80.

Published 05 May, 2021 11:11am

Markets

US interest rates may have to rise if economy heats up: Yellen

Though Yellen acknowledged the higher growth "could cause some very modest increases in interest rates," the United States needs the investments "to be competitive and to be productive."

Published 05 May, 2021 10:44am

Markets

Dollar dips, off 3-1/2 month highs as Treasury yields stabilize

The euro rose 0.47% to $1.19035 and sterling gained 0.58% to $1.3901.

Published 10 Mar, 2021 10:55am

World

G20 finance chiefs to talk Covid recovery, aid to poor countries

But "it is going to be a long and uncertain ascent", Georgieva said.

Published 26 Feb, 2021 11:03am

Americans earning $60,000 should get stimulus checks: Yellen

WASHINGTON: US Treasury Secretary Janet Yellen said on Sunday that American workers who earn $60,000 per year should...

Published 08 Feb, 2021 03:46am

World

Yellen wins unanimous Senate panel vote for Treasury despite Republican tax, debt concerns

Yellen's nomination was approved 26-0 in the evenly split committee, with concerns expressed by Republicans about President Joe Biden's ambitious plans for massive coronavirus relief spending.
There is no question she is qualified for this role.

Published 22 Jan, 2021 09:34pm

Markets

Wall St set to open near record high as Biden takes office; Netflix soars

Netflix projects an end to borrowing binge, shares surge.
Morgan Stanley gains as quarterly profit races past estimates.
Joe Biden to be sworn in as US President later in the day.
Futures up: Dow 0.19%, S&P 0.43%, Nasdaq 0.92%.

Published 20 Jan, 2021 08:39pm

Markets

Australian dollar edges ahead, upside risk seen for jobs report

Most analysts still assume it will extend the programme, if only to lessen upward pressure on the Aussie.

Published 20 Jan, 2021 12:25pm

World

‘Act big’ on stimulus, Biden's Treasury nominee Yellen to tell lawmakers

In prepared testimony at her confirmation hearing, Yellen said her task as Treasury chief will be to help Americans endure the final months of the coronavirus pandemic.
Neither the president-elect, nor I, propose this relief package without an appreciation for the country's debt burden.

Updated 19 Jan, 2021 11:14pm

World

US treasury chief visits Sudan after blacklisting lifted

Mnuchin is scheduled to meet both head of state General Abdel Fattah al-Burhan and Prime Minister Abdalla Hamdok.

Published 06 Jan, 2021 05:18pm

World

Pelosi, Mnuchin discuss COVID-19 relief, spending bill: Pelosi spokesman

Pelosi reiterated Democratic concerns about liability provisions in the COVID-19 relief bill, and told Mnuchin that remaining unresolved items in the spending bill could be resolved easily.

Published 15 Dec, 2020 04:10pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 26	278.42
USD PKR Interbank Buying / Dec 26	278.27
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03
France CAC40 / Dec 24	7,282.69
India Sensex / Dec 26	78,475.29

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Petrol/Litre / Dec 26	252.10
Karachi Cotton PKR/37.32 KG / Dec 26	17,785

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Dec 26 First Capital Equities Limited(FCEL)	6.10 ▲ 1.00 (19.61%)
Sec. Inv. Bank / Dec 26 Security Investment Bank Limited(SIBL)	6.99 ▲ 1.00 (16.69%)
Next Capital / Dec 26 Next Capital Limited(NEXT)	9.90 ▲ 1.00 (11.24%)
Fauji Foods Ltd / Dec 26 Fauji Foods Limited(FFL)	16.45 ▲ 1.50 (10.03%)
Pak Gulf Leasing / Dec 26 Pak-Gulf Leasing Company Limited(PGLC)	15.81 ▲ 1.44 (10.02%)
Dewan Motors / Dec 26 Dewan Farooque Motors Limited(DFML)	42.21 ▲ 3.84 (10.01%)
Blue-Ex Ltd / Dec 26 Blue-Ex Limited (GEM)(GEMBLUEX)	44.96 ▲ 4.09 (10.01%)
Suhail Jute / Dec 26 Suhail Jute Mills Limited(SUHJ)	99.06 ▲ 9.01 (10.01%)
Altern Energy / Dec 26 Altern Energy Limited(ALTN)	22.65 ▲ 2.06 (10.00%)

Stock	Price
Jauharabad Sug / Dec 26 Jauharabad Sugar Mills Limited(JSML)	23.10 ▼ -2.57 (-10.01%)
Mughal Energy / Dec 26 Mughal Energy Limited(GEM)(GEMMEL)	18.45 ▼ -2.05 (-10.00%)
Fateh Ind. / Dec 26 Fateh Industries Limited(FIL)	120.56 ▼ -13.38 (-9.99%)
Olympia Mills / Dec 26 Olympia Mills Limited(OML)	36.01 ▼ -3.99 (-9.98%)
Popular Islamic / Dec 26 Popular Islamic Modaraba(PIM)	13.54 ▼ -1.50 (-9.97%)
Arctic Textile / Dec 26 Arctic Textile Mills Limited(ARCTM)	21.60 ▼ -2.37 (-9.89%)
Power Cem(Pref) / Dec 26 Power Cement (Pref)(POWERPS)	12.25 ▼ -1.22 (-9.06%)
Sanghar Sugar / Dec 26 Sanghar Sugar Mills Limited(SANSM)	24 ▼ -2.33 (-8.85%)
Equity Modaraba / Dec 26 First Equity Modaraba(FEM)	3 ▼ -0.29 (-8.81%)

Stock	Volume
WorldCall Telecom / Dec 26 Worldcall Telecom Limited(WTL)	127,408,831 ▼ -0.06
Fauji Foods Ltd / Dec 26 Fauji Foods Limited(FFL)	93,301,142 ▲ 1.50
TRG Pak Ltd / Dec 26 TRG Pakistan Limited(TRG)	46,900,564 ▲ 6.41
Sui South Gas / Dec 26 Sui Southern Gas Company Limited(SSGC)	33,559,500 ▼ -1.65
Cnergyico PK / Dec 26 Cnergyico PK Limited(CNERGY)	33,367,944 ▼ -0.16
K-Electric Ltd. / Dec 26 K-Electric Limited(KEL)	30,254,338 ▼ -0.19
B.O.Punjab / Dec 26 The Bank of Punjab(BOP)	30,003,113 ▼ -0.11
Hascol Petrol / Dec 26 Hascol Petroleum Limited(HASCOL)	27,155,152 ▲ 0.87
Aisha Steel Mill / Dec 26 Aisha Steel Mills Limited(ASL)	26,980,436 ▲ 0.09

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Treasury Secretary

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