Interest rates in Turkey are lowered to 47.5 percent. Channel News Pakistan

Istanbul (AFP): In an effort to combat double-digit inflation, Turkey’s central bank reduced its main interest rate on Thursday for the first time in over two years. Citing improvements in “inflation expectations and pricing behavior,” the bank’s monetary policy committee voted to lower the target rate from 50% to 47.5%.Continue Reading

Pakistan dismisses US restrictions on missile program Channel News Pakistan

ISLAMABAD – Mumtaz Zahra Baloch, a Foreign Office spokesperson, stated that “unnecessary” US restrictions on Pakistan’s missile development will have no effect on Pakistan’s defense or choices. She emphasized unequivocally that Pakistan’s security decisions would be taken by the Pakistani people, and no external pressure will affect them. She describedContinue Reading

ISLAMABAD – The Pakistan Tehreek-e-Insaf (PTI) core committee rejected Hammad Azhar’s resignation as party president of Punjab on Friday. The committee also suggested that PTI founder Imran Khan not accept Azhar’s resignation. The core committee also stated that Hammad Azhar should study the topic of resignation. PTI head Barrister GoharContinue Reading

PESHAWAR: Rainwater seeping into a basement of a house in the Dara Adam Khel district of Peshawar resulted in the deaths of at least 11 individuals, including three mothers and six children. Eleven people lost their lives when rains swamped the basement of Amjad’s house, according to the rescue personnel.Continue Reading

MUZAFFARABAD: On the occasion of Pakistan Day, which falls on Friday, Kashmiris in Azad Jammu and Kashmir will stage demonstrations and seminars to draw attention to the human rights violations and the state of the people in the Indian-occupied valley (today). On this day, Kashmiris around the world reaffirm theirContinue Reading