Prime Minister welcomes lower interest rates, promises new economic growth Blogging Sole

Prime Minister welcomes lower interest rates, promises new economic growth

 Blogging Sole

Prime Minister Shehbaz Sharif has welcomed the State Bank of Pakistan’s decision to cut its policy rate by 2%, calling it a positive step for the country’s economy. He expressed optimism that lower interest rates would boost investor confidence and increase investments in Pakistan. “The reduction in the policy rate is a welcome step for … Read more

Pakistan’s debt-to-GDP ratio falls to lowest level since June 2018 Blogging Sole

Pakistan’s debt-to-GDP ratio falls to lowest level since June 2018

 Blogging Sole

A worker bends over as he carries bundles of textile fabrics on his back to deliver them to a nearby store at a market in Karachi June 24, 2022. — Reuters The government’s domestic debt stood at Rs47,536tr in the first quarter of FY25. External debt increases to Rs22,034tr during the July-September period. The total … Read more

Hezbollah spokesperson killed in Israeli airstrike in Beirut, official says Blogging Sole

The main spokesperson for Hezbollah was killed in an Israeli airstrike on central Beirut on Sunday, an official with the militant group said. The Hezbollah official, who spoke on condition of anonymity because he was not authorized to brief the media, told The Associated Press that Mohammed Afif was killed in a strike on the … Read more