Latest News on Business, Finance and Markets from Pakistan

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News

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brecorder.com > news > 40/43/9161 > market-expects-status-quo-as-mpc-meets-today

Market expects status quo as MPC meets today

11+ hour, 33+ min ago   (438+ words) The State Bank of Pakistan's Monetary Policy Committee is widely expected to maintain the policy rate at 11.5% today, balancing inflation concerns with improving external buffers. The State Bank of Pakistan (SBP) Monetary Policy Committee (MPC) is expected to meet today…...

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brecorder.com > news > 40/43/9382 > psx-kse-100-sheds-nearly-1500-points-as-situation-remains-tense-in-me

PSX: KSE-100 sheds nearly 1,500 points as situation remains tense in ME

11+ hour, 47+ min ago   (408+ words) Selling pressure was observed at the Pakistan Stock Exchange (PSX) after new Houthi strikes on Saudi Arabia and Iranian attacks on ships in the Gulf, with the benchmark KSE-100 Index shedding nearly 1,500 points during the opening minutes of trading on…...

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brecorder.com > news > amp > 40439373

Dollar steady, yen near 7-month high ahead of Fed, BOJ meetings

13+ hour, 47+ min ago   (654+ words) The dollar holds steady while the yen gains ahead of pivotal central bank rate decisions, as Mideast tensions drive oil prices and influence global monetary policy. SINGAPORE: The dollar was steady on Monday, ​with the yen holding on to its…...

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brecorder.com > news > 40/43/9375 > amazon-pauses-operations-with-21-air-after-miami-cargo-plane-crash

Amazon pauses operations with 21 Air after Miami cargo plane crash

13+ hour, 39+ min ago   (310+ words) Amazon has paused operations with cargo carrier 21 Air after one of its Amazon Prime Air planes crashed in Miami, killing five people, pending investigation and review. Amazon said on Sunday it was pausing operations with Miami-based 21 Air, the cargo carrier…...

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brecorder.com > news > 40/43/9372 > oil-prices-jump-more-than-2-after-new-strikes-on-saudi-strait-of-hormuz

Oil prices jump more than 2% after new strikes on Saudi, Strait of Hormuz

13+ hour, 53+ min ago   (431+ words) Oil prices surged over 2% due to Houthi strikes, Iranian attacks on ships, and the closure of a key Saudi pipeline, intensifying global supply concerns. BEIJING: Oil prices jumped more than 2% on Monday, after new Houthi strikes on Saudi Arabia and…...

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brecorder.com > news > amp > 40439310

The GSP+ dividend: exports and employment

16+ hour, 38+ min ago   (669+ words) Today, as the current scheme approaches its conclusion, these exports stand at US$6.304 billion—more than 7 percent above the projected level. This export performance has also supported a substantial employment footprint. A 2017 ILO study estimated that approximately 4.2 million workers were…...

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brecorder.com > news > amp > 40439317

Australian shares slump to two-month low as miners fall

16+ hour, 38+ min ago   (282+ words) SYDNEY: Australian stocks ended Friday at a more than two-month low, as miners led by BHP lost on weaker commodity prices, while a surge in oil prices over the week heightened inflation concerns and kept investors on edge. The benchmark…...

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brecorder.com > news > amp > 40439318

Sterling climbs after UK growth beats expectations

16+ hour, 38+ min ago   (313+ words) LONDON: The pound rose slightly on Friday after data showed UK growth beat expectations in July, continuing a string of relatively upbeat readings for the British economy. British gross domestic product grew 0.4 percent in July, figures from the Office for…...

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brecorder.com > news > amp > 40439319

Wall Street Week Ahead: Investors brace for possible rate hike at uncertain Fed meeting

16+ hour, 38+ min ago   (498+ words) NEW YORK: Investors head into next week’s Federal Reserve meeting bracing for the central bank to raise interest rates, a move that could threaten a US stock market rally already showing some vulnerability to rising bond yields. For years, inflation…...

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brecorder.com > news > 40/43/9367 > auqaf-secy-inspects-uplift-work-at-data-darbar

Auqaf secy inspects uplift work at Data Darbar

16+ hour, 38+ min ago   (578+ words) LAHORE: Secretary Auqaf Punjab Dr Ehsan Bhutta has said that all ongoing development, renovation and beautification projects at Data Darbar are being executed with due regard to its historic and spiritual sanctity. He expressed these views during a detailed visit…...