Everyday happening in Pakistan and around
Indian shares fell on Thursday, with IT stocks and financials leading the decline, following the US Federal Reserve’s announcement of a quarter-point rate hike and a possible pause in policy tightening. The Nifty 50 index closed down 0.44% at 17,076.90, while the S&P BSE Sensex slipped 0.5% to 57,925.28, despite trading between losses and gains […]
The State Bank of Pakistan (SBP) is expected to raise its key policy rate at its upcoming Monetary Policy Committee meeting in early April as the country grapples with high inflation and is in talks with the International Monetary Fund (IMF) for the revival of its bailout package. Arif Habib Limited predicts the SBP will […]
At their January-February meeting, the Federal Reserve agreed to slow the pace of interest rate increases to a quarter of a percentage point, but also agreed that the risks of high inflation warranted continued rate hikes until it was controlled. Data since the meeting has shown an economy continuing to grow and add jobs at […]
