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Reuters
Dec 30, 2024

Wall St hits 1-week low in thin trading, elevated yields add pressure

The weakness was atypical as equities tend to do well in the last five trading days of December and into the first two days of January

World

Web Desk
Sep 17, 2024

Asian shares rise as dollar, yields decline on expected larger Fed rate cut

Asian stock markets saw gains on Tuesday, while the dollar and US Treasury yields faced pressure. This comes just a day before the anticipated start of the Federal Reserve’s easing cycle, which could involve a significant rate cut.

Business

Web Desk
Jul 10, 2024

SBP sells T-bills worth Rs441.76 billion, exceeding auction target

The State Bank of Pakistan (SBP) conducted an auction on Wednesday, successfully selling Market Treasury Bills (MTBs) worth Rs441.76 billion.

Business

Web Desk
Dec 20, 2023

24-karat gold rate surpasses Rs218,000 per tola

The 24-karat gold witnessed a notable surge, climbing by Rs900 per tola, ultimately settling the session at Rs218,500.

Business

Web Desk
Oct 26, 2023

Pakistani rupee continues decline against US dollar, closes at Rs280.09

In the latest financial developments, the Pakistani rupee saw its value diminish against the US dollar for the fourth consecutive time, marking a 0.07 per cent depreciation in the inter-bank market on Thursday.