Page 2 - ஆராய்ச்சி தலை தாஹிர் அப்பாஸ் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Profit rates on saving schemes raised
tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.
Private sector borrowing surges
tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.
No change expected in interest rate
SBP will announce benchmark interest rate for next two months today
Earlier, the State Bank of Pakistan (SBP) had cut the benchmark interest rate by an aggressive 625 basis points during March-June 2020 to the current 7%. PHOTO: FILE
KARACHI:
Pakistan’s central bank is scheduled to meet on Friday (Jan 22) to determine the benchmark interest rate for the next two-month amid a situation whereby the second wave of Covid-19 pandemic still poses risk to economic activities.
Moreover, the government has increased power tariff by Rs1.95 per unit to resume the International Monetary Fund’s (IMF) loan programme. It has also passed on hike in international oil prices on to the local consumers. The current account balance, after remaining in surplus for the previous five successive months (Jul-Nov 2020), also turned negative in December 2020. Experts, however, believe inflation is manageable.
PSX ends near two-year high despite chaos
Research houses anticipate index to surge above 50,000 by end-2021
The SPV will also be listed on the Pakistan stock market by floating its shares in order to generate funds for the project. PHOTO: FILE
Pakistan’s stock market - a barometer to gauge economic performance - managed to maintain an uptrend, as it closed near a two-year high in 2020 following recovery of a badly riddled economy despite all odds, which included the outbreak of a pandemic and loud domestic political noise.
Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index increased net 7.5% or 3,020 points during the year to close near a two-year high at 43,755 points on Thursday compared to 40,735 points on December 31, 2019.
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