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US labor market tightening; inflation steadily rising

1 month, 17 days ago
WASHINGTON: The number of Americans filing for unemployment benefits unexpectedly fell last week, suggesting that a strong economy was helping the labor market weather ongoing trade tensions between the United States and a host of other…

US dollar surges to ‘unprecedented’ Rs127.5

2 months, 10 days ago
KARACHI: The US dollar strikes at an augmented value of Rs 127.50 on Monday, opening of this week in interbank trading. There is a boost of Rs6 and Rs4 in interbank market & open market respectively. Such amplification in US dollar…

SBP increases monetary policy rate to 7.5 percent

2 months, 12 days ago
KARACHI: State Bank of Pakistan on Saturday announced to increase the monetary policy by 100 basis points to 7.50 percent effective from July 16, to curb demand and ensure near-term stability. According to a statement by the monetary…