The State Bank of Pakistan (SBP) said that following the difficult but necessary stabilisation efforts during the first nine months of the fiscal year 2019-20, the country’s economy was well on course for a steady recovery
Optimism over the vaccine front against the novel coronavirus and the continued flow of foreign funds have boosted the Indian stock market, as on Tuesday the Nifty50 crossed the 13,000 mark for the first time.
Brent crude rose 31 cents, or 0.7%, to $46.37 a barrel by 0914 GMT and hit a session high of $46.72, its highest since March 6. US West Texas Intermediate crude gained 32 cents, or 0.7%, to $43.38.
Spot gold fell 0.5% to $1,825.99 per ounce by 05:45 GMT, having earlier slid to its lowest since July 21 at $1,820.45. It slumped as much as 2.2% on Monday. US gold futures were down 0.9% at $1,821.30.
Pakistan has kept its main policy rate unchanged at 7 per cent, the central bank said on Monday, as consumer price index inflation remained close to 9 per cent. It is the second time that Pakistan has kept its main policy rate
This is in line with the government vision to liberalize the country’s economy, in spite of the armed conflict in the northern part of the country.
The pan-European STOXX 600 index rose 0.4% by 09:45 GMT and hit a fresh high since late February, with energy and banking sectors leading gains, while in Asia, MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.71% on Monday, pushing past a previous record high touched on Friday.