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 […]
The Secretary, of the Ministry of Economic Affairs, Dr. Kazim Niaz, signed on behalf of the Ministry, while Chairman WAPDA, Lt. Gen. (Retd.) Sajjad Ghani, represented WAPDA, said a news release. Ambassador of Kuwait in Pakistan Nassar Abdulrahman Jasser Al. Mutairi graced the ceremony with his presence. This significant financing comes as a result of […]
The Federal Bureau of Revenue (FBR) Chairman has assured the Senate Standing Committee on Finance that the decision will be withdrawn soon. The government had expected to generate revenue of Rs2-3 billion from the sales tax on stationery items. Senator Mohsin Aziz argued that the tax had made stationery items unaffordable for the poor, affecting […]
Mass production of the roughly 35,000-euro ($37,345) vehicle, produced by a BMW and China’s Great Wall Motor Co Ltd joint venture, began late last year – shortly after the EU launched its probe. With production still, in the early days, the JV was unable to fulfill the European Commission’s survey to the level of detail […]
The project is expected to directly benefit approximately 5 million children, 7,000 head teachers, 165,000 teachers, and more than 3,000 teacher mentors in public schools as well as Punjab Education Foundation schools. Punjab has more than 7 million out-of-school children. GRADES will help the government of Punjab substantially reduce this number and, in parallel, improve […]
The Food and Drug Administration’s change in recommendation, in an update dated Thursday, comes even as Moderna and Novavax — makers of two of the three COVID vaccines — submitted their applications to the agency for updating the fall 2024 season shots with the JN.1 strain. Novavax had said its manufacturing is underway for a […]
The company plans to offer 142.2 million shares or 17.5 percent of Hyundai Motor India as part of the IPO, Bloomberg News reported, citing a draft prospectus filed by the firm. While the pricing is still unclear, local media reports have suggested that the company wants to raise $2.5-3.0 billion through the IPO. India’s biggest […]
Moody’s warned that a resurgence of social tensions on the back of the high cost of living (which may increase because of higher taxes and future adjustments to energy tariffs) could weigh on reform implementation Moody’s said the budget for FY25 outlines a quickening of fiscal consolidation to be achieved through increases in taxes and […]
In a letter to the Sindh chief secretary and secretary of energy, K-Electric has demanded payment of Rs1.7 bln withheld dues from the Sindh government. The letter has a list of 64 defaulter departments of the Sindh government. The government has been urged to clear the dues else the electricity supply will be disconnected. It […]
