Security personnel walk past the US Federal Reserve building in Washington, DC on Oct 22, 2021.— AFPBank cites solid economic growth and stabilising unemployment.Trump’s efforts to influence Fed raise independence concerns. Fed Chair Powell says central bank is not in a…
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President summons NA, Senate budget sessions on June 5
National Assembly during a session in Islamabad. — APP/FileSessions delayed from June 1 due to lawmakers’ absence: report.Federal govt plans to adopt budget proposals till June 24: report.Budget must be passed before June 30 to take effect from July 1.
President Asif Ali…
ECC approves hike in profit margins of petroleum dealers, OMCs
Employees at a fuel station attend to their customers in Islamabad, Pakistan, on February 16, 2022. — AFP/FilePetrol diesel rates likely to rise up to Rs2.56 per litre: sources.Committee approves amendments to vehicle import procedure.ECC okays summary seeking curbs on chloroform…
Middle-class to bear brunt of power price hikes as industries benefit, say analysts
A worker of Peshawar Electric Supply Company climbs up a high-voltage pylon in Peshawar, Pakistan, August 7, 2017. — Reuters
Plan ends system where businesses subsidised household bills.Move may trigger 1.1 percentage point jump in inflation in year.Industrial groups say high…