ISLAMABAD: The Oil and Gas Regulatory Authority has raised prices of regasified liquefied natural gas (RLNG) for Sui Southern Gas Company (SSGC) while reducing prices for consumers of Sui Northern Gas Pipelines Limited (SNGPL) for the month of January. As per a notification issued by OGRA, the RLNG price for SNGPL has been fixed at … Read more
IslamabadState Bank of Pakistan Governor Jamil Ahmed expects a temporary rise in inflation over the next three to four months, after a period of relief brought about by policy measures. Speaking on a television program on Monday, Ahmed attributed the expected rise to the “end of fundamental effects” and other upcoming factors. The governor stressed … Read more
A man sits next to the Bank of England in the financial district of London, Britain, August 14, 2024. – Reuters The Bank of England cut interest rates for only the second time since 2020. “We need to make sure that inflation stays close to target,” the governor says. Rachel Reeves’ Budget is expected to … Read more
Donald Trump speaks during an Election Night event at the West Palm Beach Convention Center in West Palm Beach, Florida, on November 6, 2024. – Reuters WASHINGTON: Donald Trump’s Republican Party appeared on track Wednesday to win control of both chambers of Congress, giving them sweeping powers for the first time in eight years to … Read more
The State Bank of Pakistan logo on the reception desk at the head office in Karachi, Pakistan, July 16, 2019. — Reuters The State Bank of Pakistan (SBP) on Monday cut its key interest rate by 250 basis points to 15%, the fourth straight cut as inflation remains in single digits until October. Analysts as … Read more
In her recent remarks, Kristalina Georgieva, Managing Director of the International Monetary Fund, stressed the urgent need for governments around the world to rebuild their fiscal capacity in light of fiscal pressures and increasing economic uncertainty. Speaking at the annual meetings of the International Monetary Fund and World Bank in Washington, D.C., Georgieva noted that … Read more
Prime Minister Shehbaz Sharif welcomed the Central Bank of Pakistan’s decision to reduce interest rates by 2%, describing it as a positive step for the country’s economy. He expressed optimism that lowering interest rates will boost investor confidence and increase investments in Pakistan. “The interest rate cut is a welcome step for our economy. It … Read more
Men use their mobile phones as they stand in front of an electronic board displaying stock market prices during a trading session on the floors of the Pakistan Stock Exchange (PSX) in Karachi, on June 12, 2017. — Reuters Stocks are in a volatile state as investors go bullish on index-heavy stocks. Analysts expect a … Read more