Decrease prices create a “loose place” for reductions in additional prices, explains the SBP chief Blogging Sole

Decrease prices create a “loose place” for reductions in additional prices, explains the SBP chief

 Blogging Sole

The Governor of the State Bank of Pakistan Jameel Ahmad at the press conference in SBP, July 29, 2024. – App Interest rate at the lowest in three years, more possible reductions. Solid reserves providing a base to stabilize the local currency. The Governor of the SBP cites a current account surplus for the flexibility … Read more

Biden speaks with Israel’s Netanyahu as ceasefire talks take place in Qatar Blogging Sole

President Biden spoke with Israeli Prime Minister Benjamin Netanyahu on Sunday to discuss ongoing negotiations for a deal. ceasefire agreement and release of hostages with Hamas. During the call, the two leaders discussed the deal based on the arrangement Mr. Biden outlined last year, the White House said. “The president discussed fundamentally changed regional circumstances … Read more

PSX soars 78% in 2024 and secures second place in the world: report Blogging Sole

PSX soars 78% in 2024 and secures second place in the world: report

 Blogging Sole

Two investors can be seen chatting in front of the digital stock board of the Pakistan Stock Exchange. — AFP/File PSX’s market cap remains at $50 billion despite the rebound. The decline is due to the devaluation of the rupee and large dividend payments. It could maintain a positive recovery if political stability continues. KARACHI: … Read more