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India rate hike will not stem outflows, leaving central bank in a bind
MUMBAI: India’s first rate hike in four years is unlikely to slow or reverse record high capital outflows, leaving the central bank battling the vicious cycle of a weakening currency and higher…
Business Recorder
FBR Threatens Rs. 150,000 Fine for Traders to Save Flopped Tax Scheme
The Federal Board of Revenue (FBR) plans to impose penalties of up to Rs. 150,000 on non-compliant traders who fail
ProPakistaniIndia bonds may weaken mildly after RBI hike; 10-year yield seen near 7.25%
MUMBAI: Indian government bonds may continue to weaken in early deals on Thursday, a day after the central bank raised interest rates for the first time in nearly four years and shifted its stance…
Business Recorder
Imported Almonds to Get More Expensive in Pakistan
The Federal Board of Revenue (FBR) has raised the customs value of imported shelled almonds to $3.81 per kilogram and
ProPakistaniDollar edges back from 18-month high after FOMC minutes
SINGAPORE: The dollar held near its strongest level in a year-and-a-half in subdued trading at the start of the Asian session on Thursday, after hawkish minutes from the Federal Open Market…
Business Recorder
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