{"id":9001,"date":"2025-05-12T05:08:41","date_gmt":"2025-05-12T05:08:41","guid":{"rendered":"https:\/\/tresmark.com\/?page_id=9001"},"modified":"2025-07-14T18:26:10","modified_gmt":"2025-07-14T18:26:10","slug":"research","status":"publish","type":"page","link":"https:\/\/tresmark.com\/research\/","title":{"rendered":"Research"},"content":{"rendered":"<div class=\"rcs_post_main_wrapper rcs-video-page-list\"><div class=\"arc-post-list-item\"><div class=\"arc-post-container\"><div class=\"arc-post-inner\"><div class=\"arc-post-row align-items-center\"><div class=\"arc-col short-description-col\"><div class=\"feature-post-label-wrapper\"><span class=\"pst-label\">Feature<\/span><\/div><div class=\"title\">\n                         <div class=\"post-date\" style=\"font-size:13px;font-weight:normal;color:#7e8083;\">April 6, 2026<\/div>\n                        <a href=\"https:\/\/tresmark.com\/research\/repricing-risk-rates-flows-and-the-rupee-outlook\/\">Repricing Risk: Rates, Flows and the Rupee Outlook<\/a>\n                      \n                      <\/div><div class=\"shrt-content\">Tresmark: Over the last few months, a few corporates took what at the time felt like over-indulgence. Large IRS (Interest<\/div><\/div><div class=\"arc-col arc-vid-thumb\"><div class=\"vid-thumb\">\n                        <a href=\"https:\/\/tresmark.com\/research\/repricing-risk-rates-flows-and-the-rupee-outlook\/\" target=\"_blank\">\n                            <img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2026\/04\/Pakistani-rupee1664542048-0.jpg\" alt=\"Repricing Risk: Rates, Flows and the Rupee Outlook\">\n                        <\/a>\n                        <\/div><\/div><\/div><\/div><\/div><\/div><\/div><br \/>\n<div class=\"rcs-post-listbox-outter-wrapper\"><div class=\"posts-main-title\">\n        <h1 class=\"headesss\">You Might Also Like<\/h1>\n        <\/div><div class=\"rcs-post-listbox-wrapper rcs-listbox-slider\"><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/featured-research\/oil-remittances-and-the-next-rupee-test\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/12\/e918d2-20250617-a-person-holds-out-a-fan-of-usd100-bills-600.jpg\" alt=\"Oil, Remittances and the Next Rupee Test\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">March 14, 2026<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">Oil, Remittances and the Next Rupee Test<\/div><div class=\"arc-post-listbox-content-inner\">Tresmark: In April 1815, people living near Mount Tambora, Indonesia, believed the world was ending. The earth trembled for days<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/news\/us-iran-conflict-oil-shock-impact-on-pakistan\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2026\/03\/WhatsApp-Image-2026-03-07-at-15.34.59.jpeg\" alt=\"Oil Shock: What the US\u2013Iran Conflict Means for Pakistan\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">March 7, 2026<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">Oil Shock: What the US\u2013Iran Conflict Means for Pakistan<\/div><div class=\"arc-post-listbox-content-inner\">Tresmark: Key Takeaways Oil shock: Brent near 93\/$; every $5 rise adds ~$1bn to Pakistan\u2019s import bill, pressuring the current<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/pakistan-markets-calm-rupee-cautious-kse\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2026\/01\/Who-Uses-the-Tresmark.jpg\" alt=\"Pakistan Markets: Calm Rupee, Cautious KSE\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">February 28, 2026<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">Pakistan Markets: Calm Rupee, Cautious KSE<\/div><div class=\"arc-post-listbox-content-inner\">Tresmark: The Rupee has appreciated by roughly 60 paisa since the start of the year. On its own, that move<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/uncategorized\/gold-is-no-longer-a-hedge-its-acting-like-insurance\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2026\/01\/Precious-Metal-Positioning-Gold-Silver.jpeg\" alt=\"Gold is no longer a hedge. It\u2019s acting like insurance\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">January 31, 2026<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">Gold is no longer a hedge. It\u2019s acting like insurance<\/div><div class=\"arc-post-listbox-content-inner\">Tresmark: Scientists, including Albert Einstein, created the Doomsday Clock in 1947. One of their stated rules is: &#8220;The clock is<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/news\/mpc-no-change-policy-rates\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2026\/01\/MPC-could-signal-No-Change.png\" alt=\"MPC could signal &#8216;No Change&#8217;\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">January 24, 2026<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">MPC could signal &#8216;No Change&#8217;<\/div><div class=\"arc-post-listbox-content-inner\">[vc_row][vc_column][vc_column_text]In February 1987, a massive star exploded. When a star dies, the first thing released is not light, it\u2019s neutrinos.<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/news\/after-the-cut-markets-eye-next-move\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2026\/01\/After-the-Cut.png\" alt=\"After the Cut: Markets Price the Next Move\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">January 10, 2026<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">After the Cut: Markets Price the Next Move<\/div><div class=\"arc-post-listbox-content-inner\">[vc_row][vc_column][vc_column_text]Most people have seen &#8220;The Wolf of Wall Street&#8221; and walked away shocked by how crude and excessive it felt.<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/projections-what-moved-what-held-and-why-it-mattered\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2026\/01\/download-2.jpeg\" alt=\"Projections &#8211; What Moved, What Held, and Why It Mattered\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">January 3, 2026<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">Projections &#8211; What Moved, What Held, and Why It Mattered<\/div><div class=\"arc-post-listbox-content-inner\">Before the Rumble in the Jungle, the conclusion was unanimous. Muhammad Ali was walking into a disaster. George Foreman was<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/fx-regime-change-client-note-on-pkr-for-2026\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/06\/Rupee-vs-Dollar.jpeg\" alt=\"FX Regime Change &#8211; Client note on PKR for 2026\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">December 27, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">FX Regime Change &#8211; Client note on PKR for 2026<\/div><div class=\"arc-post-listbox-content-inner\">Tresmark: Who remembers 1998, when Pakistan\u2019s currency market broke down? The trigger was nuclear testing and the sudden pullback of<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/stabilisation-first-growth-later\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/12\/493039_72292182.jpg\" alt=\"Stabilisation first, growth later\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">December 20, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">Stabilisation first, growth later<\/div><div class=\"arc-post-listbox-content-inner\">Tresmark: In early 2001, Turkey faced a full-blown economic crisis: overnight rates briefly spiked above 5,000%, the lira was forced<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/economic-alignment-destination-and-deadline\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/12\/e2dmocng_pakistan-rupee_625x300_26_January_23.avif\" alt=\"Economic Alignment: Destination and Deadline\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">December 13, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">Economic Alignment: Destination and Deadline<\/div><div class=\"arc-post-listbox-content-inner\">Tresmark: The Manhattan Project (MP) was a top-secret United States government program during World War II whose sole objective was<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/3-seismic-events-reshaping-markets-right-now\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/12\/e918d2-20250617-a-person-holds-out-a-fan-of-usd100-bills-600.jpg\" alt=\"3 Seismic Events Reshaping Markets Right Now\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">December 6, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">3 Seismic Events Reshaping Markets Right Now<\/div><div class=\"arc-post-listbox-content-inner\">When the bomb fell on Hiroshima at 8:15 a.m. on 6 August 1945, Dr. Hachiya was getting ready for an<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/from-salamis-to-silicon-valley-the-power-of-strategy-over-size\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/07\/Should-You-Hold-Dollars.png\" alt=\"From Salamis to Silicon Valley \u2014 The Power of Strategy Over Size\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">November 8, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">From Salamis to Silicon Valley \u2014 The Power of Strategy Over Size<\/div><div class=\"arc-post-listbox-content-inner\">Tresmark: In 480 BC, the Persians believed numbers would drown the Greeks. It was mathematics versus maneuver. The Persians brought<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/halloween-and-the-return-of-risk\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/07\/Rupee1642651966-0-640x480-1.jpg\" alt=\"Halloween and the Return of Risk\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">November 1, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">Halloween and the Return of Risk<\/div><div class=\"arc-post-listbox-content-inner\">Ever wondered where Halloween really began? It started with huge fires. Two thousand years ago, during Samhain, the Celts lit<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/gold-rally-greed-fear-and-the-oldest-trade\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/10\/MMERV2MEYNLV3LZGSRX4BE7M5E-696x435-1.jpg\" alt=\"Gold Rally: Greed, Fear, and the Oldest Trade\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">October 25, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">Gold Rally: Greed, Fear, and the Oldest Trade<\/div><div class=\"arc-post-listbox-content-inner\">Tresmark: Ever had a $5,000 breakfast? In the California Gold Rush, the price of breakfast soared to equivalent of $5,000<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/the-glass-palace-effect-when-stability-masks-fragility\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/10\/29152449991d9a1.jpg\" alt=\"The Glass Palace Effect \u2013 When Stability Masks Fragility\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">October 18, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">The Glass Palace Effect \u2013 When Stability Masks Fragility<\/div><div class=\"arc-post-listbox-content-inner\">From far, the glass palace shines \u2014 elegant, orderly, magnificent. But on closer inspection you realise: it isn\u2019t marble or<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/optics-dont-build-economies\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/10\/13094443ace15aa.jpg\" alt=\"Optics dont build economies\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">October 11, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">Optics dont build economies<\/div><div class=\"arc-post-listbox-content-inner\">The Great Fire of Rome Legend says that when Rome caught fire, Emperor Nero stood on his balcony and played<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/shutdowns-rate-cuts-kse100-the-rupee\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/10\/230925114508-01-us-capitol-exterior-0923.jpg\" alt=\"Shutdowns, Rate Cuts, KSE100 &#038; the Rupee\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">October 4, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">Shutdowns, Rate Cuts, KSE100 &#038; the Rupee<\/div><div class=\"arc-post-listbox-content-inner\">The Marble Halls of Power Beneath the great dome of the US Capitol, marble columns rise like a temple \u2014<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/stars-aligning-or-a-mere-sparkle\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/09\/pak-eo.jpeg\" alt=\"Stars aligning or a mere sparkle?\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">September 27, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">Stars aligning or a mere sparkle?<\/div><div class=\"arc-post-listbox-content-inner\">The European Renaissance wasn\u2019t born from calm. It came out of a series of shocks. &#8211; A plague wiped out<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/alliances-move-money-from-nato-to-the-saudi-pact\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/09\/pakistan-saudi-.webp\" alt=\"Alliances Move Money \u2013 From NATO to the Saudi Pact\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">September 20, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">Alliances Move Money \u2013 From NATO to the Saudi Pact<\/div><div class=\"arc-post-listbox-content-inner\">Did you know that buried in the NATO treaty is one exceptional line: \u201cAn armed attack against one shall be<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/from-silver-to-central-banks\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/09\/2a6e9574-41dc-4a19-8c6b-68225934c5b5.png\" alt=\"From Silver to Central Banks\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">September 13, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">From Silver to Central Banks<\/div><div class=\"arc-post-listbox-content-inner\">Tresmark &#8211; In the late 1970s, Texas oil billionaires Bunker and Herbert Hunt quietly began buying silver \u2014 first bars,<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/from-mongols-to-monsoons-lessons-ignored-losses-mount\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/09\/Flood.webp\" alt=\"From Mongols to Monsoons: Lessons Ignored, Losses Mount\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">September 6, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">From Mongols to Monsoons: Lessons Ignored, Losses Mount<\/div><div class=\"arc-post-listbox-content-inner\">In 1258, Baghdad \u2014 once the beating heart of the Muslim world, alive with scholars, poets, and the great House<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/fx-watch-pkr-strains-inr-at-record-low-fed-in-focus\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/09\/2497934-1a.webp\" alt=\"FX Watch: PKR Strains, INR at Record Low, Fed in Focus\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">August 30, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">FX Watch: PKR Strains, INR at Record Low, Fed in Focus<\/div><div class=\"arc-post-listbox-content-inner\">In the early 1990s, the Sterling was pegged to the ERM (Exchange Rate Mechanism) \u2014 a political promise about the<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/exports-on-life-support\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/08\/61303d1227163.jpg\" alt=\"Exports on life support\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">August 23, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">Exports on life support<\/div><div class=\"arc-post-listbox-content-inner\">Export Vision &amp; Reality With a five-year plan to double exports, Pakistan finally has the chance to narrow the gap<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/pakistans-market-keeps-roaring-170000-target-in-sight\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/08\/Pakistan-Economic-Crisis-2025-\u2013-Financial-Challenges-Overview.jpg\" alt=\"Pakistan\u2019s Market Keeps Roaring \u2014 170,000 Target in Sight\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">August 16, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">Pakistan\u2019s Market Keeps Roaring \u2014 170,000 Target in Sight<\/div><div class=\"arc-post-listbox-content-inner\">Trump &amp; Putin In February 1945, as World War II neared its end, the world\u2019s eyes turned to a small<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/tariffs-currencies-and-misjudgements\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/08\/12-Aug-2025.jpg\" alt=\"Tariffs, Currencies and Misjudgements\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">August 9, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">Tariffs, Currencies and Misjudgements<\/div><div class=\"arc-post-listbox-content-inner\">The Saddam Miscalculation \u2013 Underestimating the Man Behind the Office Back in August 1990, Saddam Hussain rolled his tanks into<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/tiger-tariffs\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/08\/5-4.jpg\" alt=\"Tiger &#038; Tariffs\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">August 2, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">Tiger &#038; Tariffs<\/div><div class=\"arc-post-listbox-content-inner\">Tresmark: In 2008, Tiger Woods was at the peak of a successful golf career. His car crash that year, however,<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/the-return-of-plan-d\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/05\/rupee-dollar-PP.jpg\" alt=\"The Return of Plan D\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">July 26, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">The Return of Plan D<\/div><div class=\"arc-post-listbox-content-inner\">Tresmark: Remember when our note &#8216;Danda is coming&#8217; went viral about 2 years ago. Not much has changed since then.<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/at-the-gates-of-stability-or-chaos\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/04\/Dollar.avif\" alt=\"At the Gates of Stability \u2014 or Chaos\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">July 19, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">At the Gates of Stability \u2014 or Chaos<\/div><div class=\"arc-post-listbox-content-inner\">Mehmed the Conqueror Sultan Mehmed II pulled off what many before him couldn\u2019t. At just 21, he broke through the<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/em-flows-shift-gears-will-psx-be-the-next-beneficiary\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/07\/Rupee1642651966-0-640x480-1.jpg\" alt=\"EM Flows Shift Gears \u2013 Will PSX Be the Next Beneficiary?\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">July 12, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">EM Flows Shift Gears \u2013 Will PSX Be the Next Beneficiary?<\/div><div class=\"arc-post-listbox-content-inner\">Early signs point to the Rupee extending its losing streak. Last week, it shed 25 paisa, where as MTD it<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/dissecting-the-currency-conundrum-answering-the-whys\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/06\/Rupee-vs-Dollar.jpeg\" alt=\"Currency Conundrum: Answering the \u201cWhys\u201d\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">June 28, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">Currency Conundrum: Answering the \u201cWhys\u201d<\/div><div class=\"arc-post-listbox-content-inner\">Why is there pressure on the Rupee? Why are open market rates\/Imports higher? Why is there a dollar shortage? Why<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/dollar-scarcity-real-squeeze-or-tactical-play\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/06\/360_F_35407826_C7YKbdvxvWDK8o0FlbNjy9w2CbzCs5uu.jpg\" alt=\"Dollar Scarcity: Real Squeeze or Tactical Play?\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">June 21, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">Dollar Scarcity: Real Squeeze or Tactical Play?<\/div><div class=\"arc-post-listbox-content-inner\">Tresmark: With dollars becoming harder to find, there\u2019s a visible anxiety in the currency markets. Yesterday, while the interbank closed<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/mpcs-balancing-act-growth-push-vs-rupee-stability\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/06\/policy-rate-1-696x368-1.png\" alt=\"MPC: Growth Push vs Rupee Stability\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">June 14, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">MPC: Growth Push vs Rupee Stability<\/div><div class=\"arc-post-listbox-content-inner\">Tresmark: Key factors for holding rates on the monetary policy meeting on Monday &#8211; IMF influence &#8211; Support for Rupee<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/the-crossroads-empire-how-pakistan-flipped-the-script\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/06\/Pakistan-Economy.jpg\" alt=\"How Pakistan Flipped the Script\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">May 31, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">How Pakistan Flipped the Script<\/div><div class=\"arc-post-listbox-content-inner\">Tresmark: With every new piece of intel, the scale of India\u2019s embarrassment is getting harder to hide. What was initially<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/the-unmaking-of-the-mighty-dollar\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/05\/FX-markets.jpg\" alt=\"The Unmaking of the mighty Dollar\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">May 27, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">The Unmaking of the mighty Dollar<\/div><div class=\"arc-post-listbox-content-inner\">America\u2019s Fiscal Reckoning call Moody\u2019s has finally delivered a long-overdue verdict on the U.S. government\u2019s fiscal trajectory, stripping away the<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/rupee-wobbles-despite-strong-performance\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/05\/PKR-chart.jpeg\" alt=\"Rupee Wobbles Despite Strong Performance\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">May 24, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">Rupee Wobbles Despite Strong Performance<\/div><div class=\"arc-post-listbox-content-inner\">If you look at the USD\/PKR chart over the past six months, you might feel it was purposefully choreographed\u2014showing a<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/paf-rewrites-the-map-economy-opens-the-tap\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/05\/PAF.webp\" alt=\"PAF rewrites the map, economy opens the tap\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">May 17, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">PAF rewrites the map, economy opens the tap<\/div><div class=\"arc-post-listbox-content-inner\">The Oracle\u2019s Prophecy: A Parable for the Present Before marching on Persia, King Croesus of Lydia asked the Oracle of<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/tensions-simmer-rupee-holds-ground\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/05\/dollar-pakistani-rupee-april-30.jpg\" alt=\"Tensions Simmer, Rupee Holds Ground\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">May 10, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">Tensions Simmer, Rupee Holds Ground<\/div><div class=\"arc-post-listbox-content-inner\">Pak-India cross-border strikes have spiked regional tensions, rattling markets. However, the dollar-Rupee dynamic has remained reasonably stable despite the noise.<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/pakistans-policy-tightrope\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/05\/WB-750x375-1.jpg\" alt=\"Pakistan&#8217;s Policy Tightrope\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">May 3, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">Pakistan&#8217;s Policy Tightrope<\/div><div class=\"arc-post-listbox-content-inner\">Markets on Edge: Recession, Remittances &amp; Rate Risk In a charged webinar hosted by Tresmark and FMA, some sobering signals<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/managed-chaos-how-the-rupee-is-holding-up-amid-global-shocks\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/05\/rupee-dollar-PP.jpg\" alt=\"How the Rupee Is Holding Up Amid Global Shocks\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">April 26, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">How the Rupee Is Holding Up Amid Global Shocks<\/div><div class=\"arc-post-listbox-content-inner\">Rupee\u2019s Return Above 281 The Rupee closed above 281 last week, snapping a 15-month hiatus\u2014even though the Dollar Index has<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/research\/rupees-glow-up-amidst-global-turmoil\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/05\/global-Illicit-Trade-Index-2025.webp\" alt=\"Rupee&#8217;s glow up amidst global turmoil\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">April 19, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">Rupee&#8217;s glow up amidst global turmoil<\/div><div 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class=\"arc-post-listbox-content-inner\">Tresmark: It\u2019s easy to say markets are volatile or panicked\u2014but behind the headlines, trillions of dollars have vanished, companies are<\/div><\/div><\/a><\/div><\/div><div class=\"arc-post-list-box\"><div class=\"arc-post-list-box-inner\"><a href=\"https:\/\/tresmark.com\/uncategorized\/trumps-trojan-horse\/\"><div class=\"arc-listbox-thumbnail\"><div class=\"arc-listbox-thumbnail-inner\"><img decoding=\"async\" src=\"https:\/\/tresmark.com\/wp-content\/uploads\/2025\/05\/trump20tariffs_3.webp\" alt=\"Trump&#8217;s Trojan Horse\"><\/div><div class=\"cat-labels-wrapper\">\n                            \n                        <\/div><\/div><div class=\"arc-post-listbox-content\"><div class=\"arc-post-listbox-header d-flex-row align-items-center\"><div class=\"column text-left\">April 4, 2025<\/div><div class=\"column text-right\"><\/div><\/div><div class=\"arc-post-listbox-title\">Trump&#8217;s Trojan Horse<\/div><div class=\"arc-post-listbox-content-inner\">Tresmark: History teaches us a lot, but it\u2019s amazing how we unsee the obvious. &#8211; When the U.S. hiked tariffs<\/div><\/div><\/a><\/div><\/div><\/div><\/div><\/div><script>\n            jQuery(document).ready(function($) {\n                $(\".rcs-listbox-slider\").slick({\n                    infinite: true,\n                    slidesToShow: 3,\n                    slidesToScroll: 1,\n                    autoplay: false,\n                    autoplaySpeed: 5000,\n                    prevArrow: '<button type=\"button\" class=\"slick-prev\"><svg  class=\"arrow-svg\" x=\"0px\" y=\"0px\" width=\"50px\" height=\"50px\" viewBox=\"0 0 55 55\" enable-background=\"new 0 0 55 55\" xml:space=\"preserve\"><g id=\"_1\"><path fill=\"#000000\" d=\"M37.92,48.34c-0.428,0-0.838-0.17-1.14-0.472L16.919,28.006c-0.629-0.629-0.629-1.649,0-2.278L36.78,5.865   c0.629-0.629,1.649-0.63,2.278,0c0.63,0.629,0.631,1.649,0.001,2.279L20.337,26.866L39.06,45.589   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