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Articles for tag: Bank, Currency, deposits, high, Interest, Rates, rose, suppression, year

November 12, 2023

News Desk

Bank deposits rose 18% this year on high interest rates, currency suppression

An employee counts Pakistani rupee notes at a bank in Peshawar, Pakistan, August 22, 2023. — Reuters Deposits rose to Rs 26.398 trillion in October. The increase in remittances also boosts deposits. Bank profits to rise in coming months: Analysts. KARACHI: Bank deposits rose to Rs26.398 trillion in October, up 18% from last year, as savers flocked to take advantage of the highest interest rates in Asia, State Bank of Pakistan (SBP) data showed. However, deposits in the banking sector rose slightly by 0.3% from Rs 26.318 trillion in September. The news reported on Sunday. Analysts attributed the rise in

October 31, 2023

News Desk

Israeli soldiers torture Palestinian prisoners in the West Bank

Disturbing videos have emerged from the Palestinian West Bank showing Israeli occupation forces engaging in serious violations of international humanitarian law as they mistreat political prisoners. In one of the videos, filmed near Hebron, Israeli soldiers can be seen piling up prisoners and subjecting them to physical abuse, including beatings, tying their wrists behind their backs after stripping them of their clothes. As this unfolds, Israeli troops continue their incursion into Gaza, deploying tanks and armored bulldozers to navigate the rubble of demolished buildings to hunt down the Hamas militants responsible for what Israel claims is the deadliest attack on

October 30, 2023

News Desk

Israel-Hamas war could send oil prices up to $157, says World Bank

Pumpjacks are seen during sunset at the Daqing oil field in China’s Heilongjiang province, August 22, 2019.—Reuters Global oil prices averaged $90 per barrel in the 4th quarter. Oil prices have only risen about 6% since the start of the Israel-Hamas war. The major outage could reduce global supply by 6-8 million barrels per day. The latest World Bank report predicts that global oil prices could reach $140 to $157 a barrel in the event of a “major disruption” scenario in the Middle East, similar to the impact of the 1973 Arab oil embargo. The report says global oil prices

Hamza Azhar SalamEditor — Hamza Azhar Salam · Write to us with suggestions or tips
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