IMF staff-level pact likely this week: With the implementation of all major prior actions, Pakistan is eyeing a staff-level agreement with the International Monetary Fund (IMF) this week. Read

Fuel cost for power generation rises 59pc: The rise in the fuel cost was triggered by a decline in hydel- and nuclear-based power generation. Read

Cabinet extends duty for 40 days: According to the cabinet’s August 2022 decision, these higher rates had to come to an end on February 21. Additional customs duty of up to 28% on cars has also been extended till the end of March.

Dow closes nearly 700 points lower in broad selloff, as all indexes cap their worst day of 2023: The benchmark 10-year Treasury yield climbed to 3.9%, while the 2-year rate advanced to 4.7%. Read

"The VIX is still a touch below 23 even with today’s market meltdown.  It needs to hit 35, as it did last Fall during the S&P 500 lows, before the complacency is fully wrung out." tweet

Indian rupee poised to fall on worries over Fed rate path: The non-deliverable forwards indicate the rupee will open at around 82.85 to the US dollar compared with 82.79 in the previous session. Read