Cryptocurrency- a part of the financial market which has never been short of a drama and its relationship with Tesla’s Elon Musk has been somewhat a stop-start rollercoaster. However, only this time, the posterboy of crypto world has dismantled crypto’s largest currency Bitcoin bit by bit, owing to series of tweets which has sent retail […]
India’s defiant Dalal Street amidst Covid explosion
India’s risky asset class has been faring well, infact its super expensive stock market, at 32 times earnings, almost double the valuations in economic giant China, has shown odd resilience. The big question is, how are Indian financial markets continuing their upward march, despite Covid explosion, causing an apocalyptic crisis, which has ripped through the […]
Fall from grace: Gasping India’s cry for #ResignModi grows louder
Grief-stricken, breathless, dishevelled Indians are angry, perhaps perturbed on a ‘genocidal’ regime led by the Indian Prime Minister Narendera Modi, which is subjecting its people to indignity, chaos and trauma as Covid 19 continues to spiral out of control. Haunting Scenes of relatives of the sick scrambling to find supplies of oxygen, and nearly full […]
Covid-19: India’s religious pilgrimages triggering ‘apocalyptic’ explosion
India-world’s largest democracy has found itself in the midst of the crises, it ostensibly created itself. As India grapples with a devastating second wave of the coronavirus, millions of devotees gathering for Hindu festivals have become ‘super spreaders’, threatening to unleash an apocalyptic explosion. India’s death toll from Covid-19 has surpassed 200,000 mark with many […]
Student Lives Mattered-Sense prevailed, exams cancelled, but what was the problem?
Sense prevailed! Struggling students and miserable parents breathed a sigh of relief over the eventual announcement of the cancellation of the examinations, by the Federal education minister Shafqat Mahmood himself. But, amidst the celebrations and running commentary over the issue, the question is, what was the problem? Why did the education minister took such a […]
Ch Sarwar reveals, Governor’s authority is no different today than it was in 2013; Vows to strengthen institutions
Punjab Governor Chaudhry Muhammad Sarwar, a self-made entrepreneur and a former British politician-elected for three consecutive terms as an MP in the UK Parliament till his retirement in 2010, has an inspiring journey in Pakistan’s politics which reflects selfless contribution, passion and indomitable will. Governor Sawar, who gave up his British citizenship to take up […]
Experts welcome SBP’s monetary policy decision, but piqued over volatile inflation out-turn
Economists and stock market experts have welcomed State Bank of Pakistan’s (SBP) decision to keep the benchmark interest rate unchanged at 7 percent for the fourth consecutive time, while viewing growth as well-anchored, but warned of inflationary pressure which could upend the central bank’s projections. SBP’s Monetary Policy Committee (MPC) on Friday decided to maintain […]
SBP keeps benchmark interest rate unchanged at 7% for fourth time
The State Bank of Pakistan (SBP) on Friday kept the benchmark interest rate unchanged at 7% for the fourth time, while viewing growth and inflation expectations as well-anchored although, it said, Covid-19 still poses challenges to the economic outlook. A meeting of the Monetary Policy Committee (MPC) decided to maintain the policy rate at 7% […]
SBP likely to keep status quo on policy rate
State Bank of Pakistan (SBP) is likely to keep policy rate on hold in the upcoming Monetary Policy meeting scheduled to be held on 19th March 2021, for deliberation on monetary policy for next two months. In the previous policy announced in January the committee kept the policy rate unchanged at 7 percent. Many analysts […]
Stock Market Tragedy – When Investors lost over Rs 618 billion to political madness around Senate Polls
Pakistan Stock exchange (PSX) was devoured in the political madness that was witnessed around Senate polls, which resulted in a loss of over Rs.618 billion to the public, after benchmark kse-100 index crashed nearly 3,351 points from March 4th to March 11th, 2021. The tragedy began, when the investors lost Rs.184 billion on the day, […]