Latest News on Business, Finance and Markets from Pakistan

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News

Brecorder
brecorder.com > news > 40/43/9161 > market-expects-status-quo-as-mpc-meets-today

Market expects status quo as MPC meets today

8+ hour, 36+ min ago   (438+ words) The State Bank of Pakistan's Monetary Policy Committee is widely expected to maintain the policy rate at 11.5% today, balancing inflation concerns with improving external buffers. The State Bank of Pakistan (SBP) Monetary Policy Committee (MPC) is expected to meet today…...

Brecorder
brecorder.com > news > 40/43/9381 > north-korea-says-missile-launches-were-part-of-live-fire-drills

North Korea says missile launches were part of live-fire drills

10+ hour, 18+ min ago   (329+ words) North Korea confirmed a "joint firepower attack drill" involving various missile units and weapon systems, aiming to boost troop morale and demonstrate an integrated strike network against enemies. SEOUL: North Korea said on Monday that its launch of several missiles…...

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brecorder.com > news > 40/43/9374 > shares-skid-in-asia-as-oil-rises-rate-hikes-loom

Shares skid in Asia as oil rises, rate hikes loom

10+ hour, 46+ min ago   (627+ words) Asian markets slid as oil prices surged due to supply concerns, while investors braced for anticipated interest rate hikes from the US Federal Reserve and Bank of Japan this week. SYDNEY: Share markets slid in Asia on Monday as supply…...

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brecorder.com > news > amp > 40439346

President upholds FBR data confidentiality order

13+ hour, 41+ min ago   (564+ words) ISLAMABAD: President Asif Ali Zardari has upheld the order of the Federal Tax Ombudsman that the Federal Board of Revenue’s (FBR) field officials should exercise due caution in future to ensure that the confidentiality of taxpayers’ tax related information and…...

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brecorder.com > news > amp > 40439319

Wall Street Week Ahead: Investors brace for possible rate hike at uncertain Fed meeting

13+ hour, 41+ min ago   (498+ words) NEW YORK: Investors head into next week’s Federal Reserve meeting bracing for the central bank to raise interest rates, a move that could threaten a US stock market rally already showing some vulnerability to rising bond yields. For years, inflation…...

Brecorder
brecorder.com > news > 40/43/9349 > wars-spread-worsens-oil-disruption

War’s spread worsens oil disruption

13+ hour, 28+ min ago   (576+ words) ADEN/DUBAI: New strikes on Saudi Arabia and on ships in the Gulf tested nerves in the Middle East on Sunday, after an attack on a Saudi oil pipeline and an advance by Yemen’s Houthis threatened to worsen the wartime…...

Brecorder
brecorder.com > news > 40439294

Ahead of Fed meeting, Trump says US should have world's lowest interest rate

21+ hour ago   (341+ words) President Trump asserted the US should have the world's lowest interest rates, pressuring the Federal Reserve ahead of its policy meeting despite inflation data suggesting a rate hike. DOONBEG: No country should have lower interest rates than the US, President…...

Brecorder
brecorder.com > news > 40/43/9291 > trump-reiterates-that-he-sees-iran-war-ending-after-us-midterm-elections

Trump reiterates that he sees Iran war ending after US midterm elections

22+ hour, 52+ min ago   (249+ words) DOONBEG: US President Donald Trump reiterated on Sunday that he expected the Iran war to end this year, possibly just after midterm elections due in the United States in November, resulting in a drop in oil prices. “Iran will end…...

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brecorder.com > news > 40/43/9288 > irans-economic-ties-to-dubai-hard-to-break-despite-war

Iran's economic ties to Dubai hard to break despite war

1+ day, 1+ hour ago   (660+ words) Despite the UAE's announced trade suspension with Iran, informal trade and financial ties persist in Dubai, sustained by a large Iranian community and historical economic interdependence. DUBAI: In the markets of old Dubai, saffron, cumin, pistachios and almonds from Iran…...

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brecorder.com > news > amp > 40439239

Trump says US-Canada trade deal likely???fairly soon???

1+ day, 16+ hour ago   (103+ words) Trump says US-Canada trade deal likely ‘fairly soon’ Business Recorder DUBLIN: President Donald Trump said on Saturday that Canada was keen to reach a trade deal with the United States and that an agreement could come “fairly soon”, while repeating…...