State Bank of Pakistan building in this undated image. — AFP/File The Monetary Policy Committee (MPC) slashed the key policy rate by 200bps to 17.5% from the existing 19.5%, the State Bank of Pakistan (SBP) announced on Thursday, as inflation eased to the first single-digit figure in nearly three years. The new policy rate will be effective … Read more
OTTAWA: Canada will allow in fewer temporary foreign workers under tightened rules announced on Monday, part of a turnaround in its generous immigration policy that has resulted in an unwieldy surge of newcomers. The rules include reinstituting a ban on temporary foreign worker permits for low-wage jobs in cities with an unemployment rate of six … Read more
ISLAMABAD: In a move that offers significant relief to the public, the federal government has announced a reduction in petrol prices by Rs8.47 per litre for the upcoming fortnight. This adjustment comes in response to a recent decline in global fuel prices. With this reduction, the cost of petrol has been lowered from Rs269.43 to … Read more
Employees at a fuel station attend to their customers in Islamabad on February 16, 2022. — AFP/File Kerosene oil to be sold at Rs177.39 per litre. LDO price drops by Rs5.72 to Rs160.53 per litre. New consumer prices based on int’l rate variations. The federal government has reduced the price of petrol by Rs6.17 per … Read more