Gulf central banks cut key interest rates, mirroring Fed move
Gulf region's oil and gas exporters tend to follow Fed's lead on rate moves
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Gulf region's oil and gas exporters tend to follow Fed's lead on rate moves
The US central bank cut interest rates by half a percentage point on Wednesday, suggesting the Fed saw a slowing job market.
Fed's cut expected to support spending and US economy, encourage other central banks to cut rates
Predicts easing market pressure with gradual economic recovery in 2024
Current account deficit in July stood at $246 million
Recovers Rs70 million in fines from industries including sugar, cement, cooking oil, and beverages
LESCO sources say relief of Rs14 per unit is now only applicable to those with single-phase meters
From July to August, total export volume exceeded $5 billion with food products playing a key role in the rise
477-kilometer pipeline to enhance Pakistan's energy infrastructure
Total food import bill falls to $1.06 billion with most significant decline seen in import of milk
Two-day expo attracts international companies, showcasing potential for sector growth
New IMF loan program is designed to span 37 months
Both buyer, seller will need to undergo biometric authentication to complete transfer of ownership
Silver prices remain stable at Rs2,950
CPEC continues to boost Pakistan's economy, expands regional connectivity
Interest rate cut, increased remittances, and expected fuel price reduction signal economic improvement
Silver prices remain stable at Rs2,950
Proposal includes infrastructure grant, awaits cabinet committee approval
Property market continues to grapple with indebted developers, incomplete apartments, falling buyer confidence
Among most significant increases was chicken, which became more expensive by Rs16 per kg
Regular Income Certificate experiences 12 basis points drop in the rate of return
Surge in local gold prices aligns with a sharp rise in global markets
China's retirement ages are currently amongst the lowest globally
US dollar dropped by 25 paisas, moving from Rs278.44 to Rs278.20
Trend largely attributed to anticipated finalization of IMF deal fuelling optimism in market