By Staff Reporter
ISLAMABAD: The headline inflation rate eased to 11.1 percent in July from 12.6 percent in June, the lowest level since November 2021, data from the Pakistan Bureau of Statistics (PBS) showed on Wednesday.
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Petrol price cut by Rs6.17/litre, diesel down Rs10.86
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif approved a surprise cut in fuel prices, trimming petrol by 2.3 percent and high-speed diesel by 3.8 percent for the next fortnight, as global market costs decline.
July inflation forecast at 12-13 percent, August at 11-12 percent – finance ministry
By Staff Reporter
ISLAMABAD The finance ministry said on Tuesday that inflation is expected to range between 12.0 percent-13.0 percent in July 2024 and 11.0 percent-12.0 percent in August 2024, as the country’s economy moves towards stability.
SBP delivers second rate cut as price pressures abate
By Staff Reporter
KARACHI: The central bank cut its benchmark interest rate by 100 basis points to 19.5 percent on Monday, the second consecutive reduction, as slowing inflation gave policymakers room to support the fragile economic growth.
Three killed in Balochistan as protesters clash with security forces
By Staff Reporter
QUETTA: At least three people were killed and several injured in clashes between security forces and protesters in Pakistan’s Balochistan province on Sunday, as a massive gathering defied roadblocks and a communications blackout to demand rights and protection of resources, local media reported.
Rawalpindi sit-in over inflation, power bills could spread nationwide, JI chief says
By Staff Reporter
ISLAMABAD: Jamaat-i-Islami (JI) chief Hafiz Naeemur Rehman warned on Saturday that a sit-in protest in Rawalpindi could spread nationwide if the government fails to meet demands over soaring power bills and taxes.
Jamaat-e-Islami party launches protest in Islamabad over economic woes
By Staff Reporter
ISLAMABAD: Protesters from Jamaat-e-Islami party poured into Islamabad, defying government restrictions and vowing to stage a sit-in against soaring living costs and additional taxes.
ECP recognises 39 PTI lawmakers
By Staff Reporter
ISLAMABAD: Pakistan’s Election Commission has officially recognized 39 lawmakers as members of the Pakistan Tehreek-e-Insaf (PTI) party, following a Supreme Court ruling that paves the way for the party’s return to parliament.
PPP challenges top court ruling on reserved seats
By Staff Reporter
ISLAMABAD: The Pakistan Peoples Party (PPP), a key coalition partner in the government, has petitioned the Supreme Court to review its earlier judgment granting Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party additional reserved seats in parliament.
Military accuses ‘illegal political mafia’ of sabotaging anti-terrorism operation
By Staff Reporter
ISLAMABAD: The military on Monday accused an “illegal political mafia” of attempting to “politicizing” its anti-terrorism efforts, including a new operation aimed at eliminating militants and extremist thinking.