Tuesday, October 13, 2026 · Petrol Rs 395.37 · USD/PKR 277.05 · Gold Rs 439936/tola
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Five Killed as Rehman Baba Express Derails Near Multan Two Army Pilots Killed as Training Aircraft Crashes in Quetta IMF Raises Pakistan’s Inflation Forecast to 9.9 Percent Diesel Is Dearer Than Petrol Again as Prices Cross Back Dar Says There Was No Option Left but Emergency in KP Gold Falls Rs2,100 a Tola as Bullion Slips $21 an Ounce Punjab Schools, Colleges and Universities to Remain Open as Fake Closure Notices Rejected IMF Says AI Investment Is Helping Keep Global Growth Near 3% Pakistani Killed, 11 Wounded in Fresh Houthi Attack on Riyadh Airport Peshawar Faces Roadblocks, Communication Disruptions After Governor’s Rule Imposed in KP Three Arrested Over Alleged Study-Abroad Fraud Linked to Laiba’s Sucide Case Zardari and Shehbaz Agree to Impose Emergency in Khyber Pakhtunkhwa Houthi Attack on Riyadh Airport Kills 12, the Worst in a Decade Pakistan Cancels 42 Flights as Riyadh Routes Are Suspended Finance Minister Says He Was Never Told of the IMF’s Objection Section 144 Imposed in Rawalpindi and Murree for a Month Petrol Eases to Rs398.30 While Diesel Rises to Rs396.24 Gold Climbs to Rs442,036 a Tola; KSE-100 Ended Friday Lower PIA Signs Lease Deal With Norse Atlantic for Two Boeing 787-9 Dreamliners Supreme Court Says Trial Courts Can Reject Time-Barred Suits Without Defendant’s Application

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 17, 2025

News Desk

Bidders ‘seek daily records’ ahead of auction as PIA privatization enters take-off phase

A Pakistan International Airlines (PIA) plane at Allama Iqbal International Airport in Lahore, Pakistan, January 29, 2024. — Reuters The representatives of the joint ventures met the CEO of PIA on Saturday. Bidders seek daily records from airline, commission. Retirement pensions are exempt from purchasers’ obligations. KARACHI: Ahead of the December 23 auction of Pakistan International Airlines (PIA), all four joint ventures have sought daily records from the national carrier’s management and the Privatization Commission, sources said Geo News on Tuesday. The privatization phase of the national airline has entered its final phase, the sources said, adding that officials of

December 11, 2025

News Desk

First phase of ICC T20 World Cup 2026 ticket sale begins

Team India celebrates after winning the T20I World Cup 2024.— Reuters/File The International Cricket Council (ICC) announced on Thursday that it has launched ticket sales for the 2026 Men’s T20I World Cup, with more than two million tickets available in the first phase. In a statement, the ICC said it reached INR 100 in India and LKR 1,000 in Sri Lanka, the two host countries of the 20-team tournament. Details regarding the second phase of ticket sales for the T20 World Cup 2026 will be announced in due course. “The low and affordable pricing for Phase I has been done

December 8, 2025

News Desk

Netanyahu expects to move soon to the second phase of the Gaza ceasefire

. Israeli Prime Minister Benjamin Netanyahu gestures during a joint press conference with US Secretary of State Marco Rubio (not pictured) at the Prime Minister’s Office during Rubio’s visit to Jerusalem. PHOTO: REUTERS JERUSALEM: Israeli Prime Minister Benjamin Netanyahu announced on Sunday that he expects the second phase of the US-sponsored Gaza ceasefire plan to begin soon and said he will meet with President Donald Trump this month. The truce, in effect since October 10, has halted the war that began after Hamas’s deadly attack on Israel on October 7, 2023. But it remains sensitive as Israel and Hamas accuse

June 19, 2025

News Desk

Christina Ricci becomes honest for the ‘Animal Party’ phase at 16

Christina Ricci remembers the ‘party animal’ phase at the age of 16 Christina Ricci remembers that she is a party animal for most of her teens. The actress, now 45 years old, made the entry into a recent episode of Siriusxm‘small Andy Cohen Live. “There was a period of six years, [from] 16 to 21 when I was a little party animal, “Ricci recalled. “But then, you know. This is not really bad-be in your home binge-watching TV once you are 21, with dogs.” He said that despite how “a period of time I was like a wild creature”, he

May 25, 2025

News Desk

The government has 2,000 MW in the first phase for Bitcoin Mining and AI data centers in Landmark Digital Infrastructure Push

Listen to the article In an innovative move to turn Pakistan into a world leader into digital innovation, the Pakistani government announced the distribution of 2,000 Megawatts (MW) electricity in the first phase of a national initiative for Bitcoin power and AI. This ambitious initiative is a pioneer by the Pakistani encryption council (PCC)-a body backed by the government under the finance ministry-as part of a wider strategy for creating semantic electricity advantages, creates high-tech jobs, attracts high-tech jobs. Finance Minister Muhammad Aurangzeb said this strategic distribution marks a central moment in Pakistan’s digital transformation journey, unlocking the financial potential

May 23, 2025

News Desk

US Department of Finance to end pen production by early 2026

Listen to the article The US Treasury officially confirmed that it would end the production of the Penny currency in early 2026, signaling a significant shift in US monetary policy after years of debate on currency utility and increasing cost of production. The move is followed by a directive by President Donald Trump issued in February 2025 and comes amid growing bilateral support in Congress to abolish the lower name of the US currency. The Ministry of Finance has rput an eForied order of its final order For Penny gaps, with officials declaring that the US Mint will continue to

April 20, 2025

News Desk

Govt launches two -phase revision of GT Road

Listen to the article Islamabad: At a high-level revision meeting chaired by Federal Communications Minister Abdul Aleem Khan to evaluate the repair and extension of the Countrywide GT Road (N-5), it was decided that the project would be executed in two phases and the GT road would be upgraded on a uniform road. According to a statement released on Saturday, the Minister of Communications explained that the goal of this great project is to ensure a consistent and high quality road infrastructure along the GT Street. Senior officials of the Department of Communications, Planning and Economic Affairs, together with the

March 1, 2025

News Desk

Psx in a consolidation phase, loses 533 points

Listen to the article Karachi: The Pakistan Stock Exchange (PSX) on Friday recorded a remarkable recession of more than 500 points due to market integration and concerns to increase inflation. Investors have reacted negatively to the frustrating profits of energy companies, including the oil and gas development company (OGDC) and Pakistan Petroleum Limited (PPL). In addition, the uncertainty surrounding tax reforms and budget proposals before the International Monetary Fund (IMF) review has contributed to decline. Although the day saw a positive opening in the context of AGP Limited’s strong profits, the market has succumbed to pressure on the last few

January 21, 2025

News Desk

‘New Era’: Lewis Hamilton visits Ferrari HQ to mark new phase of F1 career

PUBLISHED January 21, 2025 Seven-time Formula 1 World Champion and one of the greatest drivers to ever grace the grid, Lewis Hamilton has officially begun a new phase of his illustrious career with Ferrari. Hamilton’s move from Mercedes to the iconic Italian team was made possible by a release clause in his contract, which allowed him to leave Mercedes after the 2024 season. The move, which was announced on February 1, 2024, surprised many, including those in the Mercedes camp. Hamilton now joins Ferrari on a multi-year deal, partnering Charles Leclerc for the upcoming 2025 season. Hamilton’s first day as

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