Posted inBuisness
SBP Cuts Interest Rate to 11%, Surpassing Market Forecasts
KARACHI: The State Bank of Pakistan (SBP) announced on Monday that it had cut its key interest rate by 100 basis points, lowering it to 11%. This move comes as…
Posted inWorld
China Responds to US Tariffs After Global Market Rout
Global financial markets took a massive hit this week, losing $5 trillion in value after US President Donald Trump imposed new tariffs on Chinese imports, prompting retaliatory actions from Beijing…
Posted inWorld
Trump refuses to rule out a 2025 US recession.
WASHINGTON:President Donald Trump on Sunday did not dismiss the possibility of the United States entering a recession this year, leaving the question open during a Fox News interview. When asked…
Posted inBuisness
SBP Keeps Key Interest Rate at 12%
The State Bank of Pakistanβs (SBP) Monetary Policy Committee (MPC) announced on Monday that it has decided to maintain the policy rate at 12%. In its official statement, the MPC…
Posted inWorld
Trump’s Approval Drops as Tariffs Raise Inflation Concerns: Poll
WASHINGTON: A recent Reuters/Ipsos poll has revealed that only one in three Americans approves of President Donald Trump's approach to addressing the rising cost of living in the United States.…
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ECB’s Next Rate Cut May Be Delayed
ZURICH:The European Central Bank's (ECB) next interest rate cut may take longer due to a recent rise in inflation, according to ECB Governing Council member Robert Holzmann. In an interview…