US Federal Reserves raises interest rate, highest in 22 years

Jul 27, 2023

The United States Federal Reserves, on Wednesday (local time) raised its benchmark interest rate by 25 basis points, the highest since 2001.

Pakistan faces looming challenge of depleting gas reserves: Report

Dec 07, 2021

Islamabad [Pakistan], December 7 : With Pakistan facing a looming challenge of depleting gas reserves, its Federal Cabinet has directed the Petroleum Division to...

US Federal Reserve to cut bond purchase

Nov 04, 2021

Washington [US], November 4 : The Federal Reserve on Wednesday (local time) announced to cut bond purchases that supported the economy throughout the COVID-19...

US Federal Reserve finally pauses interest rate

Jun 15, 2023

Barring the latest pause, the US central bank has hiked the interest rate for the tenth consecutive time which was necessitated in the fight...

Biden administration urged to unfreeze Afghan central bank reserves

Dec 21, 2021

Washington [US], December 21 : US lawmakers have urged the Biden administration to unfreeze Afghanistan's central bank reserves in the amount of $9.4 billion.

India's forex reserves rose by USD 20 bln cumulatively in 2024

Mar 30, 2024

Forex reserves, or foreign exchange reserves (FX reserves), are assets that are held by a nation's central bank or monetary authority.