cuts

The International Monetary Fund cuts Pakistan’s growth expectations to 2.6 % amid the increasing American definitions – Trendy Blogger

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The International Monetary Fund cuts Pakistan’s growth expectations to 2.6 % amid the increasing American definitions – Trendy Blogger

The International Monetary Fund (IMF) has reduced Pakistan’s growth expectations to 2.6 %, due primarily to the impact of the high American tariffs. This amendment follows the introduction of customs tariffs to almost all commercial partners by the United States, which includes a 29 % tariff on Pakistani exports. While this may create immediate challenges, … Read more

PIA is a workforce to 7000 after job cuts – Trendy Blogger

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PIA is a workforce to 7000 after job cuts – Trendy Blogger

IslamabadPakistani International Airlines (PIA) reduced the workforce to 7,000 employees, following a major traditional initiative aimed at improving operational efficiency. This was confirmed by the Federal Defense Secretary, Zaib Jaafar, during the hour of questions in the National Assembly on Wednesday. Jaafar explained that the reduction of the workforce was part of a larger restructuring … Read more

Government cuts the prices of all petroleum products – Trendy Blogger

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Government cuts the prices of all petroleum products – Trendy Blogger

Islamabad: On Friday, the government reduced the prices of all oil products, including gasoline by 0.50 rupees per liter, which raised it to 255.63 rupees from 256.13 rupees. A press release issued by the Ministry of Finance said: “The Oil and Gas Regulatory Authority (OGRA) reviewed and modified consumer prices for petroleum products, given the … Read more

OGRA cuts the price of liquefied natural gas before Ramadan – Trendy Blogger

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OGRA cuts the price of liquefied natural gas before Ramadan – Trendy Blogger

IslamabadOil and Gas Regulatory Authority (OGRA) reduced the price of LNG (LPG) before Ramadan. According to the notice issued by OGRA on Friday, liquefied natural gas rates were reduced by 6.15 rupees to 247.82 rupees per kilogram. The new prices will be valid from Saturday, March 1, 2025. The price of the standard local cylinder, … Read more

OGRA raises LNG prices for SSGC, cuts prices for SNGPL consumers in January – Trendy Blogger

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OGRA raises LNG prices for SSGC, cuts prices for SNGPL consumers in January – Trendy Blogger

ISLAMABAD: The Oil and Gas Regulatory Authority has raised prices of regasified liquefied natural gas (RLNG) for Sui Southern Gas Company (SSGC) while reducing prices for consumers of Sui Northern Gas Pipelines Limited (SNGPL) for the month of January. As per a notification issued by OGRA, the RLNG price for SNGPL has been fixed at … Read more

Reserve Bank of Australia Governor warns of rising inflation despite interest rate cuts – Trendy Blogger

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Reserve Bank of Australia Governor warns of rising inflation despite interest rate cuts – Trendy Blogger

IslamabadState Bank of Pakistan Governor Jamil Ahmed expects a temporary rise in inflation over the next three to four months, after a period of relief brought about by policy measures. Speaking on a television program on Monday, Ahmed attributed the expected rise to the “end of fundamental effects” and other upcoming factors. The governor stressed … Read more

Bank of England cuts interest rates but expects inflation to rise after Reeves Budget – Trendy Blogger

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Bank of England cuts interest rates but expects inflation to rise after Reeves Budget – Trendy Blogger

A man sits next to the Bank of England in the financial district of London, Britain, August 14, 2024. – Reuters The Bank of England cut interest rates for only the second time since 2020. “We need to make sure that inflation stays close to target,” the governor says. Rachel Reeves’ Budget is expected to … Read more

Under Trump, a unified Congress can push through tax and spending cuts – Trendy Blogger

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Under Trump, a unified Congress can push through tax and spending cuts – Trendy Blogger

Donald Trump speaks during an Election Night event at the West Palm Beach Convention Center in West Palm Beach, Florida, on November 6, 2024. – Reuters WASHINGTON: Donald Trump’s Republican Party appeared on track Wednesday to win control of both chambers of Congress, giving them sweeping powers for the first time in eight years to … Read more

The Reserve Bank of Australia cuts interest rates by 250 basis points, marking the fourth consecutive monetary easing – Trendy Blogger

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The Reserve Bank of Australia cuts interest rates by 250 basis points, marking the fourth consecutive monetary easing – Trendy Blogger

The State Bank of Pakistan logo on the reception desk at the head office in Karachi, Pakistan, July 16, 2019. — Reuters The State Bank of Pakistan (SBP) on Monday cut its key interest rate by 250 basis points to 15%, the fourth straight cut as inflation remains in single digits until October. Analysts as … Read more

IMF head Georgieva warns of financial risks, urges caution about interest rate cuts – Trendy Blogger

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IMF head Georgieva warns of financial risks, urges caution about interest rate cuts – Trendy Blogger

In her recent remarks, Kristalina Georgieva, Managing Director of the International Monetary Fund, stressed the urgent need for governments around the world to rebuild their fiscal capacity in light of fiscal pressures and increasing economic uncertainty. Speaking at the annual meetings of the International Monetary Fund and World Bank in Washington, D.C., Georgieva noted that … Read more