Tag: interest

 A participant stands near a logo of IMF at the International Monetary Fund - World Bank annual meeting  in Nusa Dua, Bali, Indonesia.(Reuters)
Posted in Business

Pakistan has paid over $3.5 billion in interest to IMF in 40 years

 August 2, 2024  Leave a Comment on Pakistan has paid over $3.5 billion in interest to IMF in 40 years

Pakistan has paid over USD 3.5 billion in interest on loans to the International Monetary Fund (IMF) in the last forty years.  A participant stands…

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The Chinese national flag flies at half-mast at the headquarters of the People’s Bank of China, the central bank (PBOC), as China holds a national mourning. National flags were lowered to half-mast across the country, including in the capital’s Tiananmen Square. (Carlos Garcia Rawlins / REUTERS)
Posted in Business

China cuts 1-year benchmark rate to boost economy as world markets languish

 July 25, 2024  Leave a Comment on China cuts 1-year benchmark rate to boost economy as world markets languish

China ratcheted up its effort to reinvigorate its economy Thursday by cutting a key policy rate and interest paid on bank deposits. The Chinese national…

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Will gold price touch all-time high this year?

 February 20, 2023  Leave a Comment on Will gold price touch all-time high this year?

Gold has been in sparkling form in recent months. Since October 2022, domestic gold price has shot up nearly 16%, rising from Rs.50,760 per 10…

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Budget 2023 impact: 100% rise in interest income from Senior Citizens Saving Scheme (SCSS), POMIS

 February 6, 2023  Leave a Comment on Budget 2023 impact: 100% rise in interest income from Senior Citizens Saving Scheme (SCSS), POMIS

After the rise in interest rates of small savings schemes early this year, another bonanza has been delivered for senior citizens by the Budget. The…

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