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Articles for tag: ICC, mcg, pitch, Rates, Test, twoday, unsatisfactory

December 29, 2025

News Desk

ICC rates MCG pitch ‘unsatisfactory’ after two-day test

Australia’s Scott Boland (centre) appeals for a successful LBW call against England batsman Zak Crawley (left) on day two of the fourth Ashes cricket match between Australia and England at the Melbourne Cricket Ground (MCG) in Melbourne on December 27, 2025. — AFP Melbourne Cricket Ground’s seam-friendly pitch for the fourth Ashes Test was rated “unsatisfactory” on Monday by the International Cricket Council after it expired within two days. According to the world governing body’s four-tier rating system, “unsatisfactory” is the second lowest, marking a pitch that “overly favors the bowlers”. It broke the venue’s streak of “very good” scores

December 17, 2025

News Desk

SBP defies market expectations by cutting interest rates by 50 basis points

An undated image of the State Bank of Pakistan building in Karachi. — AFP Interest rate cut despite inflationary pressures, external estimates. Market experts expected the central bank to keep policy rates on hold. This is the first rate cut since May 5, 2025. The State Bank of Pakistan (SBP) on Monday cut its key policy rate by 50 basis points to 10.5 percent in a surprise move despite food-driven inflationary pressures and external estimates. In the last four monetary policy meetings, the central bank had observed the status quo. The latest 100 bps cut was announced after the May

December 10, 2025

News Desk

Divided Fed cuts rates, signals pause, one cut in 2026 as growth recovers

Fed cuts rates in split vote, but signals pause as inflation remains elevated, labor market uncertain The U.S. Federal Reserve cut interest rates on Wednesday in another divided vote but indicated it would likely hold off on further cuts in borrowing costs as the U.S. central bank seeks clearer signals on the direction of the labor market and inflation that “remains somewhat elevated.” New forecasts issued after the Fed’s two-day meeting showed the median policymaker sees only a quarter-percentage-point cut in 2026, the same outlook as in September, with inflation expected to slow to around 2.4% by the end of

December 9, 2025

News Desk

The government is reducing electricity rates on excess consumption by Rs 15 per unit

A representational image of a transmission tower, also known as a power pylon. — AFP/File Agricultural consumer using 100 units to get relief of Rs 7 per unit. Industrial user with 1,000 units to feed at a lower rate of Rs.5. New rates apply to excess consumption compared to the previous year. ISLAMABAD: In a move aimed at promoting industrial and rural development through relief in utility bills, the government has reduced electricity rates on excess consumption by around Rs 15 per unit for industries and agriculture sector. As per the government’s demand for a reduced rate approved by the

November 29, 2025

News Desk

The SIFC urges a review of the tax regime, interest rates and exchange rate policy

Warns excessive taxes, high rates hurt investment, calls for export-led strategy instead A view of business offices and residential apartments under construction in Karachi, Pakistan, September 23, 2025 Photo: Reuters Islamabad: Special Investment Facilitation Council (SIFC) National Coordinator Lt. Gen. Sarfraz Ahmad on Thursday unveiled a road map to make the economy competitive by significantly reducing the tax burden on businesses, reducing interest rates and having a realistic exchange rate. In an address to Pakistan’s top businessmen, the SIFC coordinator said the country’s development plan was “lacking”. He urged all stakeholders to agree on an export-led model of economic growth

November 25, 2025

News Desk

Gold remains steady as interest rates fall in the eyes of investors

At current prices, the looted gold is worth about $70 million. PHOTO: PIXABAY KARACHI: Gold prices in Pakistan remained flat on Monday, with the local market seeing gold per tola trading at Rs 428,862. Similarly, 10 gram gold was sold for Rs 367,680, according to the Sarafa Jewelers and Jewelers Association of Pakistan. On Saturday, gold rose by Rs 2,300 to Rs 428,862 per tola. The stability on Monday comes amid support for the global market due to rising expectations of a Federal Reserve rate cut next month and a weaker US dollar. Internationally, spot gold was up 0.6 percent

October 7, 2025

News Desk

Gold strikes new high levels in interest rates reduction bets

Karachi: Gold prices in Pakistan have risen to new high levels of all time on Monday, reflecting the international increase in precious metal more than $ 3,900 per ounce, fueled by increasing expectations to reduce US federal interest rates and increased economic and increased economic and increased economic and politics. According to the Pakistan Association Sarafa Gems and Jewelers (Apsgja), the price of gold per Tola reached RS415,278 after an increase in a day of RS5,400, while the rate for 10 grams increased by RS4,629 to be installed on RS356,033. On Saturday, the Per-Tola price had already climbed RS409,878 after

September 18, 2025

News Desk

Federal Reserve reduces rates by 25 basis points

WASHINGTON: Federal Reserve has reduced interest rates by a quarter of the percentage on Wednesday and said it would steadily reduce the cost of lending for the rest of this year, as policy -makers responded to concerns about the labor market inability to gain a move by the labor market. Only the new Governor Stephen Miran, who joined the Fed on Tuesday and is on leave as head of the White House Finance Council, disagreed in favor of reducing half a percentage. The cuts cut, along with the projections showing two more quarterly reductions, are expected at the other two

September 10, 2025

News Desk

Govt to abolish intersecting subsidy, peak rates on industrial power invoice

A general view of high voltage lines during a national power outage at Rawalpindi on January 23 2023. – AFP The industrialists protected by the interference of NAB, FIA, FBR. Govt to modify the law to require the SECP nod before taking any action. The Ministry of Commerce agrees to announce DLTL plan for exporters. Islamabad: The government has decided to abolish the intersecting subsidy from industrial power invoice and cutting -edge rates under the upcoming industrial policy to boost exports, The news reported on Wednesday. The government has also decided to bring changes to the laws, including the introduction

August 7, 2025

News Desk

The highest duty rates of Trump hit goods from major US trade partners

US President Donald Trump holds a signed executive order in invoices at the Rose Garden in White House in Washington on April 2 2025. – Reuters Higher invoices may affect global supply chains and inflation. Several major commercial partners ensure reduced tariffs. Invoices increase US federal revenue, most sectoral duties. President Donald Trump’s highest pricing rates from 10% to 50% in dozens of commercial partners began on Thursday, testing his strategy for shrinking US trade deficiencies without huge disorders in global supply chains, higher inflation. The American Customs and the Border Protection Service began collecting the highest invoices at 12:01

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