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New Straits Times
30-04-2025
- Business
- New Straits Times
MARKET PULSE AM APRIL 30, 2025 [WATCH]
KUALA LUMPUR: News on the latest moves on the stock and crypto markets. Bursa Malaysia opened higher today, buoyed by Wall Street's strong overnight performance. The rally was driven by easing US Treasury yields and the White House's softer stance on tariffs, including a planned rollback of the twenty five per cent duty on car-related imports. Nonetheless, the market undertone is believed to remain strong, underpinned by reasonable valuations. The index is expected to trend within the 1,510 to 1,525 range today. In the crypto market, Bitcoin traded lower at RM410,266 as the US jobs report fuelled hopes of an interest rate cut. Ethereum fell to RM7,830, and Solana was down at RM635. That's it for Market Pulse.
Express Tribune
30-01-2025
- Business
- Express Tribune
Prudent monetary policy key to stability
Listen to article KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad credited the central bank's prudent monetary policy for restoring macroeconomic stability, according to a press statement released on Thursday. Addressing a meeting with the Multan Chamber of Commerce and Industry (MCCI), the SBP governor highlighted recent policy initiatives aimed at improving the ease of doing business. These include export and import facilitation, streamlined dividend repatriation, and enhanced support for freelancers and IT exporters. He also emphasised efforts to strengthen Pakistan's digital financial ecosystem, as per the statement. The SBP governor noted a significant rise in Small and Medium sized Enterprise (SME) financing, which increased from Rs543 billion in December 2023 to Rs638 billion in December 2024. Similarly, agriculture credit disbursement saw a 14.5% year-on-year increase, reaching Rs1,266 billion in the first half of FY25. Ahmad also acknowledged the vital role of the MCCI in economic development.
