The federal reserve building takes place against a blue sky in Washington, United States, on May 1, 2020. – Reuters Official Fed warns that inflation could temporarily reach 5%. Said that prolonged prices can lead to a sharp increase in unemployment. Said that the negative effects on work and production can last much longer. Washington: … Read more
Representative image of sugar in the bowl. – Unplash / File Sources say that Govt has postponed the import of raw sugar during a meeting. Sugar prices have increased recently, reaching RS164 per kg in Ramadan. Pakistan is the seventh largest producer of sugar in the world. Islamabad: The government has not yet enabled the … Read more
A logo of the State Bank of Pakistan is represented on a reception at the headquarters of Karachi on July 16, 2019 – Reuters Karachi: The Pakistan State Bank (SBP), commercial banks and other financial institutes must remain closed for the public transaction on Monday, March 3, which will be observed as “banking celebrations” for … Read more
London – On Friday, the International Criminal Court sentenced the sanctions imposed on its officials by President Trump. The United Nations Court, which is in The Hague, in the Netherlands, said that American measures were intended to “harm (at the Court) independent and impartial judicial work”. “The court is firmly contained by its staff and … Read more
A representative image of a mobile phone without network. -AFP QUETTA: The provincial government has suspended mobile and internet services in Balochistan capital Quetta after Jamiat Ulema-Islam-Fazl (JUI-F) announced a strike against “rigging” of the re-poll in PB- constituency. 45 of Balochistan Assembly. Quetta VIII. “The protest will continue until we get our rights,” the … Read more
A currency dealer counts US dollars at a store in Karachi, May 19, 2022. — AFP/File The rupee ends the week at 278.56 against the US dollar on Friday. It will remain stable thanks to the IMF program: report. The currency will move in tight ranges over the next few sessions. KARACHI: Thanks to healthy … Read more
An undated photo of the State Bank of Pakistan building. — AFP/File KARACHI: The State Bank of Pakistan (SBP) on Friday announced that all banks and financial institutions will remain closed for public transactions on January 1, 2025 (Wednesday), which will be considered as a ‘public holiday’. In a statement, the central bank said development … Read more
Muslim pilgrims tour the Kaaba and pray at the Grand Mosque in the holy city of Mecca, Saudi Arabia, July 1, 2022. — Reuters To facilitate citizens, the State Bank of Pakistan (SBP) has announced that designated banks will remain open on Saturday, November 30 and December 1 to receive applications for Hajj 2025 across … Read more