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Articles for tag: cut, DRIVE, higher, hopes, Interest, Latest, PSX, rate

January 6, 2026

News Desk

Interest rate cut hopes drive PSX higher

Shares of 345 companies were traded. At the end of the day, 75 stocks closed higher, 254 declined and 16 remained unchanged. PHOTO: FILE KARACHI: In a strong rally, the Pakistan Stock Exchange (PSX) on Monday soared to a new high above 182,400, up 3,373 points, on expectations of further monetary easing and macroeconomic stability. During the session, the benchmark KSE-100 touched an intraday high of 183,964, while the intraday low was recorded at 179,535, reflecting healthy activity. Buying interest was mainly seen in key sectors such as fertilizers, cement, commercial banks and oil and gas companies. Investor sentiment was

December 28, 2025

News Desk

PIA deal, rate cut push PSX to peak

KARACHI: Pakistan’s equity market closed the week ended December 26, 2025 on a strong footing as the KSE-100 index gained 0.58% on a weekly basis, extending its record run amid a convergence of positive macroeconomic and political developments. Investment sentiment was supported by the successful privatization of Pakistan International Airlines (PIA), which was sold to an AHCL-led consortium for Rs135 billion, marking the country’s first major divestment in nearly two decades and a key milestone under the IMF programme. The market was also supported by the State Bank of Pakistan’s decision to cut the policy rate by 50 basis points

December 22, 2025

News Desk

Gold hits record high on Fed rate cut bets. silver scales fresh top

Gold bracelets are displayed inside a gold shop in Chinatown, Bangkok, Thailand, October 9, 2025. — Reuters Gold hit an all-time high of $4,391.92. Silver hits a record high of $69.23/oz. Platinum hits 17-year high. Gold prices surged to a record high on Monday, responding to rising expectations of further US interest rate cuts and strong safe-haven demand, with silver also joining the rally to hit an all-time high. Spot gold was up 1.2 percent at $4,391.92 an ounce, while silver was up 2.7 percent by 03:44 GMT to hit an all-time high of $69.23. Gold has gained 67% so

December 22, 2025

News Desk

RMB Valuation and Limits of Traditional Exchange Rate Models

The global focus is on the Chinese currency, sparking debate over whether it is overvalued or undervalued Foreign reserves have started to increase due to recent loans from AIIB, World Bank and ADB. Reserves are over $8.2 billion and the IMF’s board is also expected to approve a $700 million tranche this Thursday. photo: file KARACHI: China’s trade surplus widened by $111.7 billion in November to an impressive $1.08 trillion for the first 11 months of the year, up 22.1 percent from the same period last year, official data showed. Western media have described the huge trade surplus as “remarkable”,

December 21, 2025

News Desk

Japan’s interest rate hike signals a new phase of tightening

BOJ raises short-term interest rate to 30-year high on persistent inflation and economic worries The Bank of Japan (BOJ) raised its key interest rate to 0.75%, marking its highest level in three decades. The move, which followed a two-day policy meeting, comes as the country grapples with persistent inflation and concerns about its economic future, the Associated Press (AP) reported. The 25 basis point rate hike follows several previous hikes in 2024, culminating in this policy change, which was widely expected by analysts. The BOJ’s decision marks a new phase of monetary tightening after years of ultra-low interest rates designed

December 20, 2025

News Desk

SBP injects Rs12.25tr through OMO after rate cut

Gold retreats in Pakistan as stronger dollar and US yields weigh. Rupee makes marginal gain KARACHI: The State Bank of Pakistan (SBP) on Friday injected more than Rs 12.25 trillion into the banking system through conventional and Shariah-compliant open market operations (OMOs) to manage short-term liquidity conditions. According to the central bank, SBP conducted a conventional reverse repo OMO on December 19, 2025, accepting Rs 12.35 trillion against total bids of Rs 12.62 trillion for seven-day and 14-day. The accepted rate of return for both tenors stood at 10.51% per annum, reflecting the easing of money market conditions following the

December 18, 2025

News Desk

The real exchange rate jumps to 104.8

Government raises Rs 445 billion in bond auction. Gold hits Rs 453,562/tola. Silver surged to a record high of Rs 6,822 Controlling the rupee-dollar exchange rate has made imports cheaper, putting export earnings at risk of slipping. a situation that may lead to widening fiscal and current account deficits in the future. Photo: archive KARACHI: Pakistan’s Real Effective Exchange Rate (REER) increased to 104.8 in November 2025 from 103.9 in October, according to the latest State Bank of Pakistan (SBP) data. Similarly, the Pakistan rupee gained 0.01% against the US dollar to close at 280.27 in the interbank market on

December 14, 2025

News Desk

SBP likely to keep rate at 11% amid inflation risks

The State Bank of Pakistan building is seen in this undated picture. — SBP/File Analysts expect no rate cut in the upcoming SBP policy meeting. Rising food prices are keeping the central bank cautious about interest rate decisions. IMF urges SBP to keep monetary policy tight and data-driven. The State Bank of Pakistan (SBP) is expected to keep its key interest rate at 11% for a fifth straight session on Monday, with analysts citing inflationary risks from food prices and external pressures. The majority of analysts and research from brokerage firms do not expect a rate cut at next week’s

December 12, 2025

News Desk

SBP likely to keep rate at 11% as IMF highlights inflation risks

A logo of the State Bank of Pakistan (SBP) is pictured at a reception desk at its headquarters in Karachi, July 16, 2019. — Reuters Analysts are pushing for the first drawdown at the end of year 26 or year 27. The IMF urges a “tight, data-driven” stance amid inflation risks. Rupees, external pressures limit the space to relax. KARACHI: The State Bank of Pakistan (SBP) is expected to keep interest rates at 11% on Monday, a Reuters The poll came as analysts reversed forecasts for a rate cut at the end of 2026 after the IMF warned that inflation

December 11, 2025

News Desk

Divided US Fed makes third straight rate cut on jobs risks

A trader works as a monitor broadcasts a press conference by US Federal Reserve Chairman Jerome Powell following the Fed’s interest rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 10, 2025. — Reuters The quarterly cut takes interest rates to a range of 3.5-3.75%. Three Fed officials disagree, exposing the deepest political rift. 2026 GDP forecasts increased, inflation expectations eased. The divided U.S. Federal Reserve cut interest rates on Wednesday for the third straight time this year, exacerbating worries about the labor market even as inflation remained elevated as President Donald

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