SBP holds policy rate amid floods

[ KARACHI: The State Bank of Pakistan (SBP) on Monday decided to keep its benchmark policy rate unchanged at 11%, indicating that the country’s near-term economic outlook has weakened due to the devastating floods that have disrupted crop production and supply chains. While inflation has remained relatively moderate in recent months, the Monetary Policy Committee … Read more

UK summons Russia over NATO violations

Britain has summoned the Russian ambassador following Russia’s violation of NATO airspace last week, the British Foreign Office said on Monday. Poland shot down Russian drones last Wednesday in the first known action of its kind by a member of the Western military alliance during Russia’s war in Ukraine. Days later, Romania scrambled jets when … Read more

‘Shiraz village vlogs’, using YouTube earning to reconstruct Ghursay school

shiraz village vlogs using youtube earning to reconstruct ghursay school

Pakistan’s popular child YouTubers, Muhammad Shiraz and Muskan, have utilised their social media earnings for a positive cause, transforming their village of Ghursay’s old school into a modern educational institution, supported by major donations. Their journey highlights the use of social media influence towards positive change. Shiraz’s father, Muhammad Taqi, first highlighted the school’s poor … Read more

France aims to restrict crypto license ‘passporting’ in EU regulatory showdown

France has warned it may try to block the domestic operations of some crypto firms licensed in other EU countries as part of a push to get transfer oversight to the bloc’s central securities regulator, the head of its financial watchdog told Reuters. The AMF, France’s security watchdog, is concerned that under the EU’s new … Read more

Oil rises after attacks on Russian refineries

[ HOUSTON: Oil prices rose on Monday as investors assessed the impact of Ukrainian drone attacks on Russian refineries and of US President Donald Trump pressing NATO nations to halt Russian oil purchases. Brent crude futures rose 42 cents, or 0.63%, to $67.41 a barrel while US WTI crude was at $63.27 a barrel, up … Read more