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Global stocks diverged and oil prices tumbled on Monday as markets were relieved that Israel’s strikes on Iran had avoided the country’s energy infrastructure. Israel avoided Iran’s oil and nuclear facilities in its air strikes on the country on Saturday, easing investor fears about the extent of Israel’s retaliation to Tehran’s October 1 missile barrage. […]
The State Bank of Pakistan (SBP) reduced its policy rate by 200 basis points to 17.5% on Thursday, as headline and core inflation saw a sharper-than-expected decline over the last two months. The rate cut will be effective from September 13, 2024. The Monetary Policy Committee (MPC) of the SBP attributed this decision to falling […]