KARACHI: The rate of country?s inflation has dropped to 19 month low in the first month of the financial year 2009-10, increasing the possibility of the State Bank to reduce discount rate in its upcoming monetary policy.
According to figures released by the Federal Bureau of Statistics (FBS), the rate of inflation declined to 11.17 percent in the month of July from 13.13 in June.
The reasons cited for this decrease are: reduction in prices of some food items besides government?s policy to stabilize prices of petroleum products.
The rate of inflation surged to 20.77 percent in the last.
According to economic experts, the central bank could reduce its discount rate by 1 to 1.5 percent in view of the existing inflation rate.
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Karachi
Of late, political activism ? if measured by demonstrations and strikes ? has increased manifold in Sindh with the Pakistan People?s Pa
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Pakistan is worried that al-Qaida is trying to install its own “chief terrorist” as the head of Pakistan’s Taliban following the apparent killing of the group’s leader in a CIA missile strike, a top official said Monday.
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Karachi
While Karachi has had its share of terror on many levels, the case of the ?White Corolla man? has held citizens of one or two localitie
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Pakistan News
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LAHORE: Despite been tagged by the Musharraf regime as the mastermind of Benazir Bhutto?s December 2007 gruesome assassination, the involvement of Bai
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LAHORE: A constitutional petition has been filed in Supreme Court Lahore Registry against the government?s decision to appoint administrators after scrapping the local government system in the country.
Chief of Watan Party Barrister Zafarullah in his petition under Article 184 (A) states that administrators cannot be appointed in local bodies before completion of the tenure by the elected representatives.
He prayed in his petition that the decision of appointing administrators be declared null and void.
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ISLAMABAD: Federal Minister for Interior Affairs Rehman Malik Monday said that Pakistani Taliban Chief Baitullah Mehsud was killed between the night of August 5 and 6.
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ISLAMABAD: The media and civil society have welcomed the death of Taliban Chief Baitullah Mehsud.
?Mehsud?s elimination will leave a positive i
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LEEDS: Elated Australia captain Ricky Ponting said his side had been ?unbelievable? after thrashing England by an innings and 80 runs to win the fourt
More: continued here