Thursday, October 6, 2022

UAE Central Bank Increase Rate by 75 basis points

UAE financial organisation Increase Rate by seventy five basis points admin-augafbyADMIN-AUGAFSeptember twenty two, 2022Reading Time: one min scan UAE financial organisation Increase Rate by 75 basis points UAE financial organisation Increase...

Dollar hits 20-year high vs euro as Fed hikes rates again

The euro to greenback ratio hit 0.9814 for the primary time due to the fact that October 2002, simply months after the forex have become the only criminal gentle of 12...

Cash-Strapped Pakistan Struggles to Keep China Happy

The Pakistani authorities has another time promised to begin making bills to China’s impartial electricity manufacturers (IPPs) installation below the China-Pakistan Economic Corridor (CPEC). It has additionally introduced the finalization of...

Friendly nations find trade deficit off-putting: Miftah

LAHORE: government minister Miftah Ismail disclosed on Sabbatum that “none of the friendly countries is prepared to moneyly support Pakistan” as a result of it “has associate degree unbalanced economy”, caused...

Pakistan financial crisis just not ending

  ISLAMABAD: Pakistan’s monetary woes won't ease quickly because the World Bank has indicated that it can membership the approval of coverage loans valuing at over $1 billion, with a view to require...

We may see another July like movement in PKR to USD.

We may be seeing a remake of July when Rupee crashed from 210 to 230 in a matter of days. The only difference is that then it was the interbank market...

Govt takes step to ease Chinese IPPs’ concerns

ISLAMABAD: Federal Minister for Finance and Revenue Miftah Ismail assured Chinese IPP officials on Friday that their concerns would be addressed and resolved as soon as possible. The finance minister presided over...

Yields on bonds spike in global markets

KARACHI: Yields on Pakistan's international bonds and Sukuk have risen in global markets, indicating that the risk of default on international payments has risen as a result of monetary policy tightening...

Rupees again on back foot

ISLAMABAD The Pakistani rupee( PKR) continued to cheapen against the US dollar moment( Friday). The rupee closed at228.18 and lost Rs2.76 compared to former days near at225.42 in the interbank request. The rupee...

Country economy going through hard times due to floods.miftah

ISLAMABAD, Sep 8( APP) Minister for Finance and Revenue Miftah Ismail said that due to ruinous cataracts in the country, the frugality is going through hard times that have damaged the...
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