The Bank of England kept its main interest rate unchanged at a 16-year high of 5.25% on Thursday ahead of a July 4 election, but some policymakers said their decision not to cut rates was now finely balanced. The BoE’s Monetary Policy Committee voted 7-2 to keep rates on hold, in line with economists’ expectations […]
The two-member bench of the Supreme Court, led by Justice Isa and Justice Naeem Afghan, heard the Election Commission’s appeal. The commission’s lawyer, Sikandar Bashir, and PTI lawyer Salman Akram Raja appeared before the court. At the outset of the hearing, Chief Justice of Pakistan (CJP) Justice Qazi Faez Isa expressed his concerns over the […]
In response to media queries regarding the statement made by the Indian Ministry of External Affairs on June 3, the Foreign Office Spokesperson in a press statement said that the Kashmir dispute has been on the agenda of the UN Security Council for over seven decades. The relevant Security Council resolutions stipulate that the final […]
Over Rs800 billion budget will be presented by Provincial Finance Minister Mir Shoaib. Sources privy to the development said over Rs100 billion will be allocated for education, while Rs61 billion will be kept for health. The salaries of the employees will be raised as per the formula of the federal government govt, the sources said. […]
Residents said the tanks moved into five neighborhoods after midnight. Heavy shelling and gunfire hit the tents of displaced families in the Al-Mawasi area, further to the west of the coastal enclave, they said. Some eight months into the war, there has been no sign of let up in the fighting as efforts by international […]
At least 562 people have died during the haj, according to a tally based on foreign ministry statements and sources. Egypt alone has registered 307 deaths and another 118 missing medical and security sources told Reuters, as temperatures at times soared past 51 degrees Celsius to 124 Fahrenheit. It was so harsh and the people […]
The benchmark KSE-100 reached an all-time high of 78,115 from the previous close of 77,213. The KSE-100 index gained 1409 points around 10.55 am. Analysts attributed the upward trajectory to the government’s willingness to unlock a deal with the International Monetary Fund (IMF) after the budget. Analysts expect the budget for the fiscal year to […]
Lasbela Chamber of Commerce and Industry President Ismail Suttar dubbed the document as a confused budget, claiming that the masters did not want economic stability in the country. Imagine a country that fails to support its exporters, what else can we expect from a budget that converts the 1% presumptive tax regime into normal taxation, […]
The Consumer Prices Index slowed as expected from 2.3 percent in April, the Office for National Statistics said in a statement citing easing food prices. That follows almost three years of Britain’s above-target inflation, which last stood at two percent in July 2021 before surging higher in a cost-of-living crisis. The news sets the scene […]
Castro, flanked by members of Honduras’s National Defense and Security Council, said in a late-night address to the nation the plan of solutions against crime was in response to public complaints about rising violence. She said the armed forces and police must make “urgent interventions” in all areas where there was a high incidence of […]
