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Articles for tag: business, hike, Interest, Japans, Latest, phase, rate, signals, tightening

December 21, 2025

News Desk

Japan’s interest rate hike signals a new phase of tightening

BOJ raises short-term interest rate to 30-year high on persistent inflation and economic worries The Bank of Japan (BOJ) raised its key interest rate to 0.75%, marking its highest level in three decades. The move, which followed a two-day policy meeting, comes as the country grapples with persistent inflation and concerns about its economic future, the Associated Press (AP) reported. The 25 basis point rate hike follows several previous hikes in 2024, culminating in this policy change, which was widely expected by analysts. The BOJ’s decision marks a new phase of monetary tightening after years of ultra-low interest rates designed

December 12, 2025

News Desk

Third Modi-Trump call after US tariff hike

Putin’s visit to New Delhi saw Russia offer uninterrupted fuel supplies while pushing back against US pressure on India US President Donald Trump shows the card that reads USA during the draw for the 2026 FIFA World Cup being held in the US, Canada and Mexico at the Kennedy Center in Washington, DC on December 5, 2025. PHOTO: AFP Indian Prime Minister Narendra Modi said on Thursday he spoke by phone with US President Donald Trump, as New Delhi continues to push for relief from punitive 50 percent US tariffs imposed on some of India’s key exports in response to

November 25, 2025

News Desk

After signaling 8% cut, Ogra takes a U-turn, approves 7.14% hike in natural gas prices

Flames from a gas stove. — Reuters/File SSGC rate increases by Rs 118.47 per mmBtu, SNGPL by Rs 86.30. Ogra initially approved the reduction, the final decision lies with the government. Gas supply companies have been ordered to ensure uninterrupted supply during the winter. The Petroleum and Natural Gas Regulatory Authority (Ogra) on Tuesday approved a hike of up to 7.14% in natural gas prices for the current financial year, strictly ruling out an earlier announced rate cut, ending hopes of relief for consumers. In an earlier statement, an Ogra spokesperson had said the regulator had approved a cut of

August 14, 2025

News Desk

Rupia extends rally with 20 paisa profits

Pakistani Rupia expanded its profits against the US dollar on Wednesday, increasing 20 paisa or 0.07%on the market among banks. The currency closed on 282.22 compared to the closing level of the previous day 282.42. It was the fifth consecutive day of Rupia’s appreciation, led by the improved market feeling in the midst of an ongoing repression of illegal coins and smugglers. Last week, a court handed over five years in prison to three illegal coins and imposed a fine of 1 million Rs to participate in illegal currency work. In the world trade, the US dollar slipped after soft

January 6, 2025

News Desk

PSX down due to potential gas price hike

Stockbrokers are busy trading at the Pakistan Stock Exchange (PSX) in Karachi on Thursday, October 17, 2024. — PPI The market opens the week in the red, down 1.13% by the end of the session. The KSE-100 fell 1,331.86 points to close at 116,255.12. An intraday high of 118,735.09 was reversed to a low of 115,941.94. The stock market opened in the red on Monday with mixed sentiment as investors navigated between optimism about improving economic indicators and concerns about possible policy measures. The market saw significant selling pressure as concerns over possible increases in natural gas prices weighed heavily

December 19, 2024

News Desk

Govt opposes KE tariff hike demand, advises Nepra to reduce rates

view of K-Electric’s headquarters, with solar panels in the parking lot, in Karachi on January 24, 2023. — Reuters The government proposes to reduce the base tariff of KE to Rs 34.87 per unit. It suggests adjusting the supplier’s depreciation rates for its assets. Objections were raised about the electricity provider’s working capital. ISLAMABAD: The government has opposed K-Electric’s (KE) demand for a multi-year tariff hike, while advising the National Electricity Regulatory Authority (Nepra) to reduce the utility’s charges, The News reported on Thursday. “The inflated costs presented by the JV indicate a lack of consumer-centric planning,” said an Electricity

August 30, 2024

News Desk

KE is seeking a tariff hike of over Rs 3 per unit

Islamabad: K-Electric (KE) has sought an increase of over Rs 3 per unit in its electricity tariff due to July 2024 fuel levy adjustment. In this context, the National Electricity Regulatory Authority (Nepra) held a public hearing on Thursday for KE customers. The private power company has sought recovery of Rs 3.09 per kilowatt hour (kWh) from consumers through electricity bills. Many businessmen highlighted the need to supply natural gas to the JV, which would lead to a reduction in fuel duty adjustment. Nepra had earlier announced that the hearing would discuss issues related to the justification of fuel duty

August 28, 2024

News Desk

Traders across Pakistan observe strike against hike in taxes and electricity bills

A man sits in front of closed shops along a street in Peshawar on September 2, 2023, during a nationwide strike by traders against rising electricity and fuel prices. — AFP “The political leadership has failed,” says the head of the traders. JUI-F, JI and PTI support traders’ call for nationwide strike. Traders are hinting at an extended strike period if the demands are not met. To protest the government’s tax reforms, traders across the country are observing a nationwide strike on Wednesday with the support of traders’ associations and political parties. Political parties targeting traders include Jamiat Ulema-e-Islam Fazl

August 24, 2024

News Desk

OPPs not responsible for tariff hike: Leghari

Federal Energy Minister Awais Ahmed Khan Leghari has defended independent power producers (IPPs), arguing that these private entities are not responsible for the rising cost of electricity in the country. “The IPP policy is not the cause of expensive electricity,” Leghari told Voice of America during an exclusive interview. “The high cost of electricity is not due to any government or past policies [either] but rather a result of the poor economic situation of the country”. According to the minister, the biggest impact on electricity prices came from the significant depreciation of the rupee, which alone led to an increase

August 14, 2024

News Desk

Harris to address price hike in North Carolina speech

WASHINGTON: US Vice President Kamala Harris will make her first policy-focused speech as the Democratic presidential nominee on Friday, aiming to boost prices in a sign that her whirlwind campaign could rattle major corporations and business executives. Harris will travel to Raleigh, North Carolina, a state that Democrats hope to flip this election, to outline her plan to “reduce costs for middle-class families and tackle corporate bailouts,” she said. campaign on Tuesday. Harris canceled an event in North Carolina last week due to Tropical Storm Debbie. Focusing her first major policy speech on the economy and locating it in North

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