KARACHI: The State Bank of Pakistan (SBP) on Monday kept its benchmark policy rate unchanged at 11.5%, citing persistent inflationary pressures, uncertainty stemming from the US-Iran war and a broadly unchanged macroeconomic outlook. The decision was announced after a meeting of the Monetary Policy Committee (MPC), which noted that although global oil prices had eased…
Prize is awarded to lawyers who have made exceptional contribution to rule of law, fight against intolerance Human Rights lawyer and social activist Imaan Mazari and her husband Hadi Ali Chattha. Photo File Lawyers Imaan Zainab Mazari and her husband, Hadi Ali Chattha, have been awarded the esteemed Ludovic Trarieux International Human Rights Prize in recognition of…
Vendors sell unhygienic flavoured ice treats outside schools and in neighbourhoods SUMMER TREAT CAVEAT: A vendor sells flavoured ice balls to children at his stall in a Rawalpindi neighbourhood. PHOTO: EXPRESS RAWALPINDI: With the onset of summer, brightly coloured ice balls and flavoured drinks being sold in streets and outside schools have started raising health…
Qaiser Sheikh terms 30-year extension without bidding illegal; cabinet referred matter back ISLAMABAD: Investment Minister Qaiser Sheikh has termed a 30-year lease extension for the Engro VoPak Terminal a violation of public procurement rules and said it would damage the promotion of petrochemical industries, in a move that could result in a review of the…
Agreed rules allow European Commission to suspend tariff preferences if US continues to impose tariffs above 15% US and European Union flags and a “tariffs” label are seen in this illustration taken April 10, 2025.PHOTO: REUTERS The European Parliament on Tuesday gave its final backing to legislation implementing the European Union-United States trade agreement reached…
Defence minister says improvement in Pak-Iran relations, easing of sanctions on Tehran can create opportunities Defence Minister Khawaja Asif addressing the National Assembly. SCREENGRAB Defence Minister Khawaja Asif on Tuesday said Pakistan’s economy had moved “out of the ICU” and is now showing signs of recovery, adding that the country could achieve 6–7% growth in…
US pizza chains face weak demand as inflation, high costs and GLP-1 drugs push healthier eating A view of a Pizza Hut store, in London, Britain, December 30, 2024.File PHOTO: REUTERS Yum Brands said on Tuesday it would sell its Pizza Hut chain for $2.7 billion, as the unit struggles with stiff competition in the fast-food…
Announces deeper migration cooperation and commits an additional £8m to tackle crime and illegal migration DPM/FM Ishaq Dar meets Hamish Falconer MP Parliamentary Under-Secretary of State at the FCDO. Photo: X British Parliamentary Under-Secretary for the Middle East, Afghanistan and Pakistan, Hamish Falconer, praised Pakistan’s critical role in brokering a ceasefire between the United States…
Says nationwide coordination among mosques, seminaries, and religious boards may play key role in countering terrorism Minister of State for Interior Talal Chaudhry and Interior Minister Mohsin Naqvi addrssing a meeting of Paigham-e-Aman Committee. SCREENGRAB Interior Minister Mohsin Naqvi on Tuesday called for stronger coordination between the state and religious scholars, urging them to play…
LAHORE: Pakistan is losing hundreds of millions of dollars in export revenue every month, not because of foreign tariff wars or global trade conflicts, but because of the uncertainty generated by its own policymaking machinery, according to a new study released by economists Azam Chaudhry and Gul Andaman of the Lahore School of Economics (LSE)….