European Union to set up eurozone

European Union leaders have agreed to set up a eurozone rescue fund. This step has been taken for permanent safety net to bail out any member state whose debt problems threaten the 16-nation eurozone.The new mechanism, which will start from 2013, will succeed the eurozone’s temporary bailout fund.

President of European Union Commission has said that after amendments in European agreement, Euro will get stronger position in market. The agreement comes as Spain raised just under 2.5 billion euros on the bond market, but at heavy cost, paying twice as much interest as Germany would have. Meanwhile, rating agency has warned it may again downgrade Greece’s credit rating over concerns about the country’s ability to cut debt to sustainable levels.

Interest rate likely go down in SBP new monetary policy

Full Story And Original Content. TrendPK.com KARACHI: At least 15 Brokerage Houses have expected decline in interest rate in upcoming monetary policy to be announced from State Bank of Pakistan (SBP) on Tuesday, November 24, Geo news reported on Saturday morning. The central bank, bringing down the interest rate, will likely waive a bit the forthcoming monetary policy,

Full Story And Original Content. TrendPK.com KARACHI: At least 15 Brokerage Houses have expected decline in interest rate in upcoming monetary policy to be announced from State Bank of Pakistan (SBP) on Tuesday, November 24, Geo news reported on Saturday morning.
The central bank, bringing down the interest rate, will likely waive a bit the forthcoming monetary policy, [...]

Marked improvement in forex reserves: SBP

Full Story And Original Content. TrendPK.com ISLAMABAD: Governor State Bank of Pakistan (SBP) Syed Salim Raza Saturday said the foreign exchange reserves have risen to a level equivalent to 5-month import bill of the country while the credit rating of Pakistan has also improved. Addressing a forum on the topic of micro finance, the SBP Governor said amendments

Full Story And Original Content. TrendPK.com ISLAMABAD: Governor State Bank of Pakistan (SBP) Syed Salim Raza Saturday said the foreign exchange reserves have risen to a level equivalent to 5-month import bill of the country while the credit rating of Pakistan has also improved.
Addressing a forum on the topic of micro finance, the SBP Governor said amendments [...]