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APTMA warns 60% textile mills on the verge of closure

All Pakistan Textile Mills Association (APTMA) has rung alarm bells on the economic crisis in the textile industry, saying nearly 60% of the industry...

Dollar holds gains as investors seek safety in liquidity

The dollar held gains on Thursday as investors rushed to the safety of the world’s most liquid currency given the massive disruption to global trade

India pumps in liquidity; bonds see profit-taking after initial rally

MUMBAI: The Reserve Bank of India (RBI) said on Monday it would pump 360 billion Indian rupees ($4.95 billion) into money markets in October,...

Central banks near policy limits but back in focus after G20

SHANGHAI: The widely predicted failure of G20 leaders to agree on bold new steps to reinvigorate the world economy at a meeting in Shanghai this weekend puts the onus firmly back on central bankers.

Interest rate to remain unchanged at six percent: SBP

KARACHI: State Bank of Pakistan (SBP) on Saturday announced its new monetary policy in which it was stated that the interest rate will remain unchanged at 6.0 percent.
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