200 bps decrease in policy rate provides govt Rs1tr cushion: Pasha

Sandra Loyd

Former financing minister and noteworthy economist Hafeez Pasha on Thursday stated the decrease of 200 basis points by the State Bank of Pakistan will offer the federal government financial space of as much as Rs1 trillion, which would allow it to handle hard times of coronavirus pandemic. Speaking on 92 News TELEVISION programme hosted by […]

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Eurozone agreed EUR500 bn cushion against virus blow

Sallie Anderson

EU financing ministers on Thursday (9 April) night agreed a EUR500 bn bundle to cushion the financial blow brought on by the coronavirus pandemic. The ministers likewise agreed on the need for a future, momentary recovery strategy, with really little information, after weeks of wrangling that exposed agonizing departments as the bloc dives into deep […]

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

Derrick Santistevan

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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