Asian bonds attracted foreign inflows for a fourth successive month in August on optimism that the US Federal Reserve will start easing interest rates in September. Overseas investors made substantial purchases of regional bonds in Indonesia, India, Malaysia, South Korea and Thailand, totalling a net $14.06 billion in August – the largest monthly net purchases … Read more
NEW DELHI: India’s August retail inflation remained below the central bank’s target of 4% for the second consecutive month, but vegetable prices continued to soar, dampening hopes of a dovish stance in the next monetary policy meeting. Annual retail inflation was at 3.65% in August, higher than the revised 3.60% in July and economists’ forecast of 3.5%. India’s … Read more
The Securities and Exchange Commission of Pakistan (SECP) registered 2,933 new companies during August 2024, marking a 3% increase compared to the corresponding month last year and signifying the highest number of companies incorporated in a single month. According to a press release, the total number of companies registered with SECP now stands at 228,494. … Read more
1726058761-0/Express-Tribune-Web-(17)1726058761-0.jpg "CPI rises 0.2% in August 2024 D_Trends")
The US Bureau of Labor Statistics has reported that the Consumer Price Index for All Urban Consumers (CPI-U) rose by 0.2% in August 2024, matching the increase seen in July. Over the past 12 months, the index grew by 2.5% before seasonal adjustment. The primary driver of the increase was a 0.5% rise in the shelter … Read more
KARACHI: Passenger car sales in Pakistan rose by 28% in August 2024, reaching 12,274 units compared to the previous month, driven by economic recovery, the introduction of new variants, and a lower base effect, according to data from the Pakistan Automotive Manufacturers Association (PAMA). The increase in sales marks a significant recovery in the auto … Read more
ISLAMABAD: Car sales in Pakistan saw a notable increase in August 2024, with a total of 8,699 units sold, representing a 15% year-on-year (YoY) and 1% month-on-month (MoM) rise, according to the Pakistan Automotive Manufacturers Association (PAMA). This growth brings the total sales for the first two months of the fiscal year 2025 (2MFY25) to … Read more
ISLAMABAD: Pakistan witnessed a significant surge in workers’ remittances during August 2024, with an inflow of $2.9 billion. This marks a 40.5% increase compared to the same month last year, showcasing the resilience of overseas Pakistanis in supporting the country’s economy. The cumulative remittances for the first two months of the fiscal year 2025 (FY25) … Read more
1724319076-0/Untitled-design-(5)1724319076-0.jpg "Postponed August 22 rally at establishment’s request: Imran Khan Dtrends")
Former Prime Minister and Pakistan Tehreek-e-Insaf (PTI) founder, Imran Khan, has admitted that his planned rally on August 22 was postponed at the request of the establishment, citing concerns over potential unrest in the country. During an informal conversation with journalists at Adiala Jail, Imran revealed that Azam Swati, acting as an intermediary on behalf … Read more
A policeman stands guard on a street in Karachi in this undated photo. — AFP/File 150 cars stolen and 23 others snatched in metropolis: CPLC. Robbers snatched 1,737 cell phones from citizens, says report. Three cases of kidnapping for ransom have also been reported. KARACHI: A report of the Citizens-Police Liaison Committee (CPLC) has revealed … Read more
BEIJING: China’s foreign exchange reserves totaled 3.2882 trillion U.S. dollars as of the end of August, up by 31.8 billion dollars, or 0.98 percent compared to the end of July, official data showed Saturday. China’s foreign exchange reserves have remained stable above 3.2 trillion U.S. dollars for nine consecutive months, according to the State Administration … Read more