Inflation forecast puts pressure on SBP

[ ISLAMABAD: Two days before the interest rate-setting meeting, the federal government on Monday predicted the inflation rate to stay in the current range of 3.5–4.5% in July, putting the spotlight on the central bank to substantially cut the rates to single digits. “Inflation is projected to remain within 3.5 to 4.5%, though risks from … Read more

Two Israeli rights groups accuseTel Aviv of genocide

JERUSALEM: Two Israeli human rights organisations said on Monday Israel was committing genocide against Palestinians in Gaza, the first major voices in Israeli society to level the strongest possible accusation against the state, which vehemently denies it. Rights group B’Tselem and Physicians for Human Rights Israel released their reports at a press conference in Jerusalem, … Read more

Monitoring of sugar stocks ordered

ISLAMABAD: The government on Monday ordered strict monitoring of the sugar stocks after it was observed that several sugar mills were not adhering to the mutually-agreed framework regarding the supply and release of the commodity. National Food Security Minister Rana Tanveer Hussain chaired a meeting with representatives of the Pakistan Sugar Mills Association (PSMA) and … Read more