Moody’s downgrades US banks, warns of possible cuts to others
Moody's cut credit ratings of several small to mid-sized U.S. banks on Monday and said it may downgrade some of the nation's biggest lenders,...
Ahead of budget, is the FPCCI off tangent?
On 25th May 2021, four of the country’s leading newspapers carried an appeal to the Honorable Prime Minister. Unlike the annual pre-budget industry lobbying,...
Developing Asia expected to see faster growth in 2023, despite global weakness – ADB
According to the Asian Development Bank (ADB), Developing Asia is set to experience faster growth in 2023 compared to the previous year. This growth...
Fuel cost adjustment hearing: power, but no power lines?
NTDC under fire for failure in laying transmission line to evacuate electricity from Thar coal-based power plants
Fed, economists make course correction on US recession predictions
Blame it on economic theory not matching reality, groupthink among forecasters or political partisanship by opponents of the Biden administration, but a year ago...
Pakistani authorities seek “Plan B” amid uncertainty over IMF program
ISLAMABAD: On Wednesday, the United States inquired with Pakistan about its backup plan in case the International Monetary Fund (IMF) program concludes next week...
Audit team unlikely to submit report on tobacco MNCs before PAC on 23 May
ISLAMABAD: The Auditor General of Pakistan (AGP) is not likely to conclude the special audit of international tobacco companies operating in the country within...
Foreign reserves plunge to four-year low after 4.4 per cent drop
Foreign currency reserves held by SBP were recorded at $9,063.6 million, down $415.9 million
Rupee drops to record low of 125 against dollar
The rupee further depreciated against the US dollar falling down to an all-time low of 125 against the greenback in the open market on Wednesday
Tesla’s Musk eyes significant India investments after meeting Modi
Tesla (TSLA.O)Â chief executive Elon Musk said India's Prime Minister Narendra Modi was pushing the car maker to make a "significant investment" in the country,...
Market Daily: KSE-100 gains 964.92 points, market sentiments turn green
The KSE 100 touched an intraday high of 40,968.69 after gathering 964.92 points the index finally ended the day at 40,897.90.
Market unshaken despite external woes, gains 13pc QoQ
LAHORE: Despite depleting foreign exchange reserves, Pakistan equities continued its positive trajectory for third consecutive week, gaining 530 points (+1.2 per cent) to close...
PSX roars: The mechanics behind Monday’s Bull-runÂ
Trading halted due to abnormal activity within 10 minutes of the opening of the markets on a day that marked the highest ever single day increase for the exchange. Â
US bank lending touches record as deposits fall, Fed data show
Deposits at U.S. commercial banks fell toward the end of April to the lowest in nearly two years, data released on Friday by the...
Wall Street prepares for Treasuries mess as default looms
Anxiety is increasing in parts of Wall Street that rely on Treasury securities to function, with some traders starting to avoid U.S. government debt...
