US logs fastest hiring pace in months WASHINGTON: US employers stepped up their hiring pace unexpectedly in September while unemployment held steady,... Published 07 Oct, 2023 06:01am
Business & Finance Australia, NZ dollars in holding pattern ahead of US payrolls data SYDNEY: The Australian and New Zealand dollars were marking time ahead of the all-important US non-farm payrolls ... Published 07 Oct, 2023 06:01am
Business & Finance Russian central bank: high rates likely needed throughout 2024 MOSCOW: Russia will probably need to keep interest rates high throughout 2024, the Bank of Russia’s Deputy Governor... Published 03 Oct, 2023 04:58pm
Business & Finance US manufacturing sector nears recovery; construction spending solid WASHINGTON: US manufacturing took a step further towards recovery in September as production picked up and ... Updated 03 Oct, 2023 06:43am
Business & Finance High interest rates sap innovation investment: UN GENEVA: Funding of innovation is becoming increasingly uncertain, with high interest rates taking a toll on the... Published 28 Sep, 2023 05:33am
Print Policy rate kept unchanged on economic indicators: SBP official KARACHI: The latest episode of the SBP Podcast series offers insights into the factors leading to the decision,... Updated 24 Sep, 2023 09:14am
Markets Nasdaq, S&P hit 1-month lows as rate worries lift yields NEW YORK: The S&P 500 and the Nasdaq dropped to a more than one-month low on Thursday as a jump in Treasury... Published 22 Sep, 2023 03:33am
Business & Finance Dollar edges up vs pound, euro on Fed support NEW YORK: The US dollar edged higher against the pound and the euro on Thursday, a day after the Federal Reserve ... Published 22 Sep, 2023 03:33am
Opinion ‘Early warning signs’ This is apropos a Business Recorder op-ed “Early warning signs” carried by the newspaper yesterday. The writer,... Published 20 Sep, 2023 06:28am
Business & Finance OECD sees ‘sub-par’ growth as high rates bite PARIS: The OECD raised its global economic outlook for 2023 on Tuesday but cut the growth forecast for next year as... Published 20 Sep, 2023 06:28am
Business & Finance Global debt hits record $307trn NEW YORK: Global debt hit a record $307 trillion in the second quarter of the year despite rising interest rates... Published 20 Sep, 2023 06:28am
Editorials Policy rate kept unchanged EDITORIAL: The Monetary Policy Committee (MPC) decided to keep the policy rate unchanged at 22 percent surprising... Published 18 Sep, 2023 06:32am
Markets 8th successive gain: rupee settles at 296.85 against US dollar Gains 0.37% in inter-bank market on Friday Updated 15 Sep, 2023 07:29pm
Print In a surprise move, policy rate kept unchanged KARACHI: As against the market expectations, the Monetary Policy Committee (MPC) of the State Bank of Pakistan has... Updated 15 Sep, 2023 09:51am
Markets SBP keeps key policy rate unchanged at 22% Contrary to market expectations, Monetary Policy Committee maintains status quo Stresses on maintaining prudent fiscal stance to keep aggregate demand in check Updated 14 Sep, 2023 09:00pm
Markets Wall Street gains as mixed CPI data bolsters rate-pause hopes NEW YORK: Wall Street’s main indexes gained on Wednesday as data showing a moderate increase in consumer prices in... Published 14 Sep, 2023 06:07am
Business & Finance Export growth: towel makers come up with proposals KARACHI: Senior Vice Chairman of the Towel Manufacturers Association of Pakistan (TMA) Syed Usman Ali has submitted... Updated 14 Sep, 2023 09:41am
Business & Finance High interest rates adversely affecting exports, other economic activities: TMA KARACHI: Syed Usman Ali, Senior Vice Chairman of the Towel Manufacturers Association of Pakistan, has raised... Published 12 Sep, 2023 06:22am
Opinion Price hike, inflation challenges The price hike and prohibitive inflation are exacting their toll on people in an unprecedented manner. The food... Published 09 Sep, 2023 06:20am
Business & Finance Brokerage house sees interest-rate hike of 150bps as inflation bites Arif Habib Limited says SBP might consider increasing interest rates as a precautionary measure to address persistently high levels of inflation Updated 07 Sep, 2023 03:50pm
Business & Finance SBP says emergency MPC meeting reports baseless Central bank says premature to forecast future policy rate Updated 01 Sep, 2023 02:25pm
Business & Finance PSMA Punjab enumerates reasons behind steep rise in sugar prices LAHORE: Dispelling the impression that sugar prices are increasing in the domestic market due to shortage, Pakistan... Published 01 Sep, 2023 05:41am
World US Fed ‘prepared to raise rates further’ on too-high inflation WASHINGTON: The US Federal Reserve is prepared to raise interest rates higher – and hold them there – to... Updated 25 Aug, 2023 08:30pm
Print Courts can’t examine, implement economic, fiscal policies: SC ISLAMABAD: The Supreme Court said the government and not the courts can examine and implement economic and fiscal... Updated 22 Aug, 2023 09:57am
Opinion Economy needs stimulus The economy is headed towards a deep recession. Only a well-targeted fiscal stimulus can avert the incoming crisis.... Published 18 Aug, 2023 06:13am
Print High interest rates, power tariffs, costly raw materials: Textile sector will continue to face economic headwinds: APTMA ISLAMABAD: The textile sector will continue to experience economic headwinds related to high interest rates,... Updated 16 Aug, 2023 10:42am
Opinion Reduce, not expand, the size of govt to restore investor confidence After the unexpected IMF (International Monetary Fund) bailout, the economy is in search of regaining lost... Published 07 Aug, 2023 06:34am
Business & Finance Expert for reducing energy tariff, fuel prices, interest rates KARACHI: For a comprehensive and efficient mechanism to boost the economic growth of the country, we have to... Published 07 Aug, 2023 06:34am
Pakistan SBP keeps key policy rate unchanged at 22% Governor Jameel Ahmad announces Monetary Policy Committee's decision in press conference Updated 31 Jul, 2023 06:43pm
Markets European shares fall, German blue-chips hit record high PARIS: European shares retreated from multi-month highs on Friday after a mixed bag of earnings and a surprise Bank... Published 31 Jul, 2023 06:43am
