SBP cuts policy rate by 200 basis points as inflation continues to fall Blogging Sole

SBP cuts policy rate by 200 basis points as inflation continues to fall

 Blogging Sole

A logo of the State Bank of Pakistan (SBP) is pictured on a reception desk at its headquarters in Karachi, Pakistan, July 16, 2019. — Reuters SBP cuts policy rate to 13% in today’s meeting. The consumer price index for November stood at 4.9%. This brings total cuts to 900 basis points since June. and … Read more

Israel’s Netanyahu speaks at corruption trial as Gaza war continues and neighboring Syrian dictator falls Blogging Sole

Tel Aviv, Israel — Israeli Prime Minister Benjamin Netanyahu took the stand Tuesday in his lengthy trial for alleged corruption, setting off what is expected to be a weeklong spectacle that will draw unwanted attention to his legal troubles as he faces a international arrest warrant for war crimes and the fighting in Gaza continues. … Read more

PSX continues its record rally on positive macros Blogging Sole

PSX continues its record rally on positive macros

 Blogging Sole

Brokers monitor an index showing the latest stock prices at the Pakistan Stock Exchange in Karachi on January 26, 2023. — AFP The Pakistan Stock Exchange (PSX) soared over 900 points on Friday, buoyed by persistent macroeconomic outlook, extending its record streak. The PSX’s benchmark KSE-100 index jumped 1,060.06 points or 1.09 percent to 98,388.45 … Read more