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    IMF funding hopes lift Pakistan stocks, bonds

    IMF funding hopes lift Pakistan stocks, bonds

    27 May 2022

    Pakistan’s stocks, sovereign bonds and currency were lifted on Friday by growing hopes that the country can unlock funding from the International Monetary Fund after the government’s overnight decision to...

    ADC Acquisition Corporation shares to start trading on ADX

    ADC Acquisition Corporation shares to start trading on ADX

    27 May 2022

    ADQ, an Abu Dhabi-based investment and holding company, and Chimera Investment, an Abu Dhabi-based private investment firm managing a diversified portfolio of listed and unlisted equities on both local and...

    India’s momentum in economic recovery to continue in FY23: RBI

    India’s momentum in economic recovery to continue in FY23: RBI

    27 May 2022

    India’s economic recovery from the pandemic shock has sustained in FY22 and the momentum is expected to broadly continue through the ongoing FY23, though with risks of downside from the...

    Pakistan central bank hikes main policy rate

    Pakistan central bank hikes main policy rate

    23 May 2022

    Pakistan’s central bank raised its benchmark interest rate on Monday by 150 basis points to 13.75%, the second hike in less than two months, as the South Asian nation grapples...

    India considering $26b additional spending to counter inflation

    India considering $26b additional spending to counter inflation

    22 May 2022

    The Indian government is considering spending an additional 2 trillion rupees ($26 billion) in the 2022/23 fiscal year to cushion consumers from rising prices and fight multi-year high inflation, two...

    Indian government trims tax on fuel to fight rising inflation

    Indian government trims tax on fuel to fight rising inflation

    21 May 2022

    India’s Finance Minister Nirmala Sitharaman on Saturday announced a reduction of taxes on petrol and diesel to fight inflation and keep prices of essential items in check. The excise duty...

    Wheat prices hit record high

    Wheat prices hit record high

    16 May 2022

    Wheat prices surged to a new record high in European trading on Monday after India decided to ban exports of the commodity as a heatwave hit production. The price jumped...

    India’s CPI inflation at 8-year high

    India’s CPI inflation at 8-year high

    14 May 2022

    Sounding a red alert on India’s consumer price index (CPI) inflation at an 8-year high print of 7.79 per cent YoY in April, Acuite Ratings has said it may trigger...

    US consumer sentiment slumps to lowest level in nearly 11 years

    US consumer sentiment slumps to lowest level in nearly 11 years

    14 May 2022

    US consumer sentiment slumped to its lowest level in nearly 11 years in early May as worries about inflation persisted, but household spending remains underpinned by a strong labour market...

    Pakistan’s remittances hit all-time monthly high

    Pakistan’s remittances hit all-time monthly high

    13 May 2022

    Remittances from Pakistani workers employed abroad exceeded a record $3 billion in April, the central bank said on Friday as the country’s foreign reserves dwindled to $16.37 million due to...

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