On September 29, 2020, the US Federal Reserve Board announced the termination of enforcement actions with Habib Bank Limited Pakistan and Habib Bank Limited New York Branch, dating from 2015 as per the Federal Reserve Board Press Release. Earlier this year, in February, Habib Bank Limited (HBL) ...

Washington: The US economy posted its fastest growth in three years in the third quarter, indicating a broad-based expansion is gaining momentum, according to official figures released Wednesday.The revised data surpassed President Donald Trump's three percent target for the second time in a row, ...

NEW YORK: Federal Reserve Chair Janet Yellen stuck by her prediction that US inflation will soon rebound but offered an unusually strong caveat: she is “very uncertain” about this and is open to the possibility that prices could remain low for years to come.A day after announcing her retirement ...

TOKYO: Asian shares touched a 10-year high on Thursday after the US Federal Reserve expressed optimism about the economy, virtually cementing the case for a year-end rate hike as investors awaited the formal nomination of the next head of the central bank.But investors were nervous as they awaited ...

ISLAMABAD (APP): The decline in the gold prices in global market is likely to influence the local prices of the yellow metal in other countries including Pakistan.The gold price dwindled to $1300 per ounce in the international market on back of expectation that the Federal Reserve might increase ...

ISLAMABAD: State Bank of Pakistan SBP has decided to keep policy rate unchanged at 6% for next two months. The policy rate is the benchmark interest rate that helps determine the general cost of borrowing in the economy. The interest rate is not changed to support Pakistani currency Rupee. The ...