Auto financing in Pakistan rises amid interest rate cuts
Auto financing in Pakistan rises amid interest rate cuts

Auto financing witnessed a slight increase, reaching $847.63 million in December 2024 from $844.56 million in November, according to data from the State Bank of Pakistan (SBP). This marks a reversal of the negative trend seen in November, when financing declined from $850 million in October. For...

Sri Lanka eases monetary policy, sets new single benchmark rate
Sri Lanka eases monetary policy, sets new single benchmark rate

Sri Lankas central bank set a new single policy rate of 8 per cent on Wednesday, easing monetary settings below previously used benchmarks, in an effort to shore up the island nations fragile recovery from a deep financial crisis. The Central Bank of Sri Lanka (CBSL) said late on Tuesday that it...