Gohar Ejaz seeks major interest rate cut

[ With the Monetary Policy Committee (MPC) set to meet on July 30 (Wednesday), former caretaker commerce minister Dr Gohar Ejaz has warned that Pakistan’s current interest rate is crippling economic growth. He pointed out that the country’s 11% policy rate against a 3.2% inflation rate results in a punitive real interest rate of 7.8%, … Read more

Consumers pay bitter price for sweetener

LAHORE: Due to a lack of government attention, sugar prices have skyrocketed across the country, with an increase of up to Rs60 per kilogram at the retail level. Experts believe that the artificial sugar shortage is a direct result of inaccurate data and flawed decisions by federal institutions concerning sugar production and consumption. In the … Read more

Margalla Hills tragedy remembered

ISLAMABAD: Fifteen years have passed since the tragic Airblue plane crash in the Margalla Hills, yet the pain of losing loved ones remains etched in the hearts of the bereaved families. The ill-fated flight, Airblue ABQ-202, en route from Karachi to Islamabad, crashed into the Margalla Hills on July 28, 2010, killing all 152 people … Read more

Diarrhoea, typhoid cases surge in rains

LAHORE: The city is witnessing a concerning rise in waterborne diseases, particularly diarrhoea and typhoid, since the onset of monsoon season, due to contaminated sources, stagnant pools of dirty water, and increased bacterial activity. Health officials and medical experts have warned that the situation may aggravate without urgent public health intervention and individual precautions. According … Read more

Several reported killed as train derails in Germany

Listen to article At least three people were injured when a regional train carrying about 100 passengers derailed in southwestern Germany on Sunday, police said. German media reported that several people had been killed. “The accident occurred at around 6:10 pm (1710 GMT) near the town of Riedlingen in Baden-Wuerttemberg state,” a police spokesperson told AFP. Also … Read more