World_News-C19

Fed slashes rates, global central banks coordinate to cushion coronavirus blow

The U.S. Federal Reserve and global central banks moved aggressively on Sunday to buttress a world economy unraveling rapidly amid the coronavirus pandemic, with the Fed slashing interest rates to near zero, pledging hundreds of billions of dollars in asset purchases and backstopping foreign authorities with the offer of cheap dollar financing. The coordinated global […]

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Experts call for check on banks after court allows auction powers

LAHORE: Legal experts have actually invited the Lahore High Court’s (LHC) judgment enabling banks to offer mortgaged property in case of default, however have actually cautioned versus the abuse of power by the financial organizations. On Tuesday, the court had actually ruled that the banks might auction mortgaged property without acquiring the court decree. Nevertheless, […]

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auction banks Call check Court Experts Pakistan powers