Govt Enforces Essential Services Act for DISCOs Amid Privatization Plan
September 16, 2024
According to sources, the Essential Services Act has been enforced for six months in DISCOs, NTDC, and GENCOs to prevent employees from going on strikes as the Pakistan government is planning the privatization of these loss-making state-owned entities. Sources added that the act also restricts union activities within DISCOs, NTDC, and GENCOs. It is anticipated […]
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Bank of England Holds Interest Rate at 5.25% Ahead of Election Insights and Analysis
June 20, 2024
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 […]
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