The Federal Reserve building in Washington, DC, US, September 16, 2025. — Reuters Three Fed bank presidents wanted quarter-percentage-point hikeFed says inflation remains elevated relative to Committee’s 2% goal. Markets had priced about one-in-three chance of rate…
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Petroleum Minister Ali Pervaiz Malik speaks during a meeting with a delegation of Oil Tanker Contractors Association, July 27, 2026. — Screengrab via X/@Official_PetDivCommittee to address freight rates, quotas issues: minister.Committee to present recommendations within…
Airlines and business groups warn of chaos if US restricts international flights
A view of Newark Liberty International Airport in Newark, New Jersey, US, March 23, 2026. — Reuters
Major airline, travel and business groups warned that barring border processing at Newark or other major US airports could lead to chaos, strand thousands of tourists and Americans…
SBP raises policy rate by 100bps to 11.5% as inflation risks mount
An undated image of the State Bank of Pakistan building in Karachi. — AFP
The State Bank of Pakistan raised its benchmark policy rate by 100 basis points to 11.5% on Monday, opting for cautious tightening as oil price volatility and renewed inflation risks clouded the…