LONDON/DUBLIN- (Reuters) – European savers are withdrawing more money from banks in search of a better bargain, as lenders refuse to pay up to hang on to deposits that they believe they can temporarily manage without. The pattern revealed as several of the region’s largest lenders reported a successful startRead More →
(Reuters) – Wall Street finished down on Thursday as PacWest’s decision to investigate strategic alternatives fueled concerns about the health of US lenders, weighing on shares of regional banks as well as JPMorgan Chase (JPM.N), Wells Fargo & Co (WFC.N), and other large financial institutions. PacWest Bancorp (PACW.O) fell 51%Read More →
LAHORE – Three World Bank, Asian Development Bank (ADB), and Agence Française de Developpement (AFD) teams met separately with NTDC Managing Director Engr. Dr. Rana Abdul Jabbar Khan today at WAPDA House Lahore to evaluate the status of different existing and planned projects. The foreign delegations of the lenders, alongRead More →
ISLAMABAD: The cement dispatches decreased by 7.10% in February 2023 as a result of the worsening economic condition, import restrictions, and halted building operations. The total amount of cement shipped this month was 4.040 million tonnes, compared to 4.348 million tonnes sent in the same month previous fiscal year. TheRead More →
KARCHI : — The Pakistan Stock Exchange lost Rs1.2 trillion in the second month of 2023, bringing the total finance of the PSX to Rs62.7 trillion, up from 63.9 trillion before. In February 2023, the dollar lost Rs six when compared to the rupee, causing the interbank dollar rate toRead More →
LONDON (Web Desk) – Britain announced plans on Monday for a post-Brexit review of its regulations for the 11 trillion pound ($13.2 trillion) asset management industry, with a focus on improving liquidity after a near-meltdown in funds used by pension schemes last September. Before Britain left the European Union, lawsRead More →
DHAKA : ( AFP ) -According to a senior US ambassador now in Bangladesh, sanctions on an elite Bangladeshi police unit suspected of arbitrary murders won’t be lifted until the force is reformatted. Last week, State Department Counselor Derek Chollet travelled to the South Asian nation where he spoke withRead More →
ISLAMABAD: The A News said that on February 16 (tomorrow), due to the exchange rate of the US dollar, the cost of petroleum items may rise by above Rs32/litre. The closing price for petroleum, oil, and lubricants was Rs236.40 per dollar, while the current price for the next two weeksRead More →
HONG KONG (Reuters) – As a result of U.S. inflation figures and comments from central bank officials, investors are concerned that interest rates will be higher for a longer period of time. On Wednesday, Asian markets declined while the U.S. dollar remained steady. Headline January’s U.S. CPI came in atRead More →
ISLAMABAD – Tuesday, in response to another demand of the International Monetary Fund (IMF), the administration voted to raise sales tax. In this respect, Ministry of Finance officials have handed the international lender a draught of the Medium-Term Economic Framework (MEF). Tomorrow, the IMF will answer again to the MinistryRead More →
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