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Indonesia c bank: No room to cut rates | The Express Tribune
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[ad_1] PADALARANG: Indonesia’s central bank has room to lower interest rates this year to lift economic growth, but is waiting for the rupiah to strengthen against the dollar, Governor Perry Warjiyo said on Saturday. “If we rush while the global…
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Several Karachi areas to see cut in power due to maintenance works today
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[ad_1] An image showing a power breakdown in Karachi on January 10, 2021. — AFP Karachiites will experience power outages in multiple areas on Tuesday (today) as the metropolis’ primary electricity supplier K-Electric (KE) would undertake maintenance activity at multiple grids in…
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7% policy rate cut projected for CY24 | The Express Tribune
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[ad_1] KARACHI: Pakistan’s central bank is expected to cut its benchmark policy rate – cost of lending to commercial banks – by seven percentage points during the next calendar year to 15%, which will revive the lifeline of affordable financing…
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Bike dealers demand price cut as sales slump | The Express Tribune
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[ad_1] KARACHI: Sales of motorcycles have slumped 80% because of high inflation, prompting dealers to appeal to bike assemblers and auto parts’ vendors to slash prices while keeping in view the declining purchasing power of customers. “We are looking for…
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Govt to cut spending to reduce deficit | The Express Tribune
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[ad_1] ISLAMABAD: The interim federal government has decided to reduce spending on a massive scale in order to show a surplus of Rs600 billion on behalf of the provinces during the current fiscal year and to meet the International Monetary…
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Report projects up to Rs41 cut in oil prices | The Express Tribune
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[ad_1] KARACHI: The government is expected to make a massive reduction of up to Rs41 per litre in petroleum product prices for the second fortnight of October as a sharp drop in the global oil market and a significant recovery…
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Pakistan keen to cut a ‘new’ IMF deal | The Express Tribune
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[ad_1] ISLAMABAD: Amid a stalemate on securing a bailout from the International Monetary Fund (IMF), Prime Minister Shehbaz Sharif has informed fund’s Managing Director Kristalina Georgieva about Pakistan’s intention to secure a new bailout. Moreover, Minister of State for Finance…
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Govt to pass on petrol price cut benefit to people
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[ad_1] Prime Minister Shehbaz Sharif chairs a meeting of the federal cabinet on May 19, 2023. — PID The federal government on Friday decided to pass on the benefit of recent reduction in the prices of petroleum products to the…
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Power supply to Karachi may be cut off | The Express Tribune
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[ad_1] ISLAMABAD: An official told a parliamentary panel on Wednesday that electric supply to Karachi might be shut down if the federal government did not pay subsidy to K-Electric (KE), a private company that supplies power to Pakistan’s economic hub….
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Oil prices soar almost 6% after OPEC+ output cut
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[ad_1] This picture shows oil pumpjacks along a section of Highway 33 known as the Petroleum Highway north of McKittrick in Kern County, California. — AFP/File HONG KONG: Oil prices soared almost 6% in Asian trade Monday morning after major…
