Moody’s, on Friday, revised the outlook on the United States credit rating from “stable” to “negative,” citing substantial fiscal deficits and declining debt affordability. The […]
Category: Business
State Bank of Pakistan Releases Details of Government Borrowings and Banking Statistics
According to the State Bank, the total capitalization in banks reached 610 billion rupees in October, and the cumulative capitalization until October stood at 23.232 trillion rupees.
Pakistan Shares IMF Mission on Alternative Energy Sources and Climate Initiatives
The sources indicate that briefings were also provided on increasing credit and exploring other financing options between the federal and provincial governments for the implementation of the Clean Air Policy. Moreover, preparations for the upcoming COP28 in the United Arab Emirates were discussed during the briefing.
Malaysia facilitates Pakistani tourism with hassle-free online visa process.
In a strategic move to promote tourism, Malaysia has streamlined its visa application process for Pakistani tourists, introducing a user-friendly online portal. The Immigration Department […]
China aims to guard against Yuan overshooting risks, PBOC governor confirms.
BEIJING (Reuters) – China’s commitment to preventing the yuan’s exchange rate from experiencing overshooting risks remains steadfast, according to People’s Bank of China (PBOC) Governor […]
Australia’s central bank raises interest rates to 12-year high to tackle inflation.
The Reserve Bank of Australia (RBA) announced a substantial interest rate increase, reaching a 12-year high, in its latest policy decision. The RBA raised the […]
Crypto executives face regulatory scrutiny as token prices plummet.
Cryptocurrency executives are increasingly facing regulatory scrutiny as the sector experienced significant upheaval in recent times due to plummeting token prices. A number of industry […]
China’s industry minister highlights stabilization and growth in industrial economy.
SHANGHAI (Reuters) – China’s Minister of Industry and Information Technology, Jin Zhuanglong, has reported that the country’s industrial economy exhibited stability and recovery during the […]
Dollar falls as fed signals peak in interest rates, boosting risk appetite in Asian currencies.
The US dollar saw a broad decline on Thursday, with risk-sensitive Asian currencies leading the gains, following the Federal Reserve’s decision to leave interest rates […]