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Articles for tag: australia, farewell, Pakistan, Test, unchanged, Warners

January 2, 2024

News Desk

Australia unchanged for Warner’s farewell Test against Pakistan

“The weather has been really good this week and that doesn’t always happen in Sydney,” says skipper Pat Cummins. Australian Test Cricket Team. — ICC/Archive SYDNEY: Australia on Tuesday opted not to field a second spinner in the final Test against Pakistan at the Sydney Cricket Ground, naming an unchanged line-up for David Warner’s farewell match. Skipper Pat Cummins confirmed that Australia’s fast bowling trio had recovered well from the second Test in Melbourne four days ago after wrapping up the three-match series with a tense 79-run win. Pakistan made two changes. There is a Test debut for Saim Ayub,

December 31, 2023

News Desk

The government is keeping petrol and diesel prices unchanged for a fortnight

Islamabad: In a move that reflects the economic stability envisioned by the caretaker government, diesel and petrol prices will remain unchanged for the fortnight beginning January 1, 2024. This decision is in line with the recommendations of the Oil and Gas Regulatory Authority (OGRA), which provides a sense of consistency in fuel costs for consumers. According to a notification issued by the Finance Department on Sunday, the prices of petrol and high-speed diesel (HSD) will be maintained at Rs 267.34 and Rs 276.21 per litre, respectively. This measure is intended to mitigate potential financial burdens on consumers and to maintain

December 13, 2023

News Desk

The policy rate remained unchanged

KARACHI: In line with market expectations, the central bank on Tuesday left its key interest rate unchanged at a record high 22% ahead of the International Monetary Fund’s (IMF) board meeting to approve the next loan tranche of $700 million in January. 2024. It was the fourth consecutive monetary policy in the past six months when the bank made no change to the policy rate, keeping policy tight in part because of high inflation. The central bank pointed out that the recent increase in natural gas prices was higher than its expectation, pushing inflation to a peak of 29.2% in

November 30, 2023

News Desk

Caregivers are keeping the price of petrol unchanged for the next fortnight

Diesel was cut by Rs 7 per liter while kerosene oil was reduced by Rs 3.82 per litre, the finance ministry said A gas station attendant deposits a motorcycle fuel tank in this undated picture. — APP/File Light diesel has also been reduced by Rs 4.52 per litre. Caretaker Prime Minister approves new fuel prices. The new prices will be effective from midnight on Thursday. ISLAMABAD: The caretaker federal government on Thursday decided to maintain the price of petrol at Rs 281.34 per liter for the next fortnight — till December 15. However, high speed diesel (HSD) has been reduced

November 30, 2023

News Desk

Petrol price is likely to remain unchanged in the next fortnightly review

According to industry estimates, diesel and kerosene prices are expected to decrease —APP/file Gasoline prices will remain stable in the next review. Diesel and kerosene prices are coming down from December 1. The next fortnightly review is due tomorrow (November 31). KARACHI: Petroleum prices will not see any significant change in the upcoming fortnightly review with diesel and kerosene rates expected to decline slightly, according to industry estimates. According to a The news Oil prices outside the refinery and warehouse showed no significant change as global crude prices eased in recent days, a report released on Thursday showed. The ex-storage

November 1, 2023

News Desk

Fed leaves rates unchanged, acknowledges economy ‘strong’

U.S. Federal Reserve Chairman Jerome Powell holds a press conference following the announcement of the Fed’s policy decision to leave interest rates unchanged, at the U.S. Federal Reserve in Washington, U.S., September 20, 2023.—Reuters The Federal Reserve held interest rates steady on Wednesday but left the door open for further increases in borrowing costs in a policy statement that acknowledged the surprising strength of the U.S. economy, but also the tighter financial conditions facing businesses and households. “Economic activity expanded at a strong pace in the third quarter,” the U.S. central bank said in a policy statement after a two-day

October 30, 2023

News Desk

SBP may leave the rate unchanged

KARACHI: Pakistan’s central bank is scheduled to meet on Monday to review its key interest rate for the next six weeks. Experts strongly believe the bank will keep interest rates unchanged for the third consecutive time in the past four months to push inflation down. Experts have developed a consensus that the hiking cycle has ended at an all-time high of 22%. However, they were divided on the timing of a rate cut in the coming months – between December 2023 and March 2024 – amid high inflation and the Middle East crisis. Inflation hit a four-month high of 31.4%

October 30, 2023

News Desk

SBP keeps the key policy rate unchanged at 22%.

KARACHI: In line with market expectations, Pakistan’s central bank left its key policy rate unchanged at a record high of 22% for the third consecutive time in the past four months, saying the rate remains appropriate to strike a balance between reading inflation and of the economy. activities. In its latest monetary policy statement released on Monday, the State Bank of Pakistan (SBP) said “[The monthly] Headline inflation rose in September 2023 as expected. However, it is forecast to decline in October and then maintain a downward trajectory, especially in the second half of the financial year.” While recent volatility

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