The State Bank of Pakistan has chosen to keep the policy rate at 7% for the next two months, according to Dr Reza Baqir, the central bank’s governor. “The Monetary Policy Committee (MPC) agreed to keep the policy rate at 7% at its meeting on July 27, 2021,” the SBPRead More →

LAHORE, Pakistan — On Tuesday, a court in Lahore granted bail to Nazir Chohan, a member of the Pakistan Tehreek-e-Insaf (PTI) in the Punjab Provincial Assembly. The court ordered that he be released after submitting Rs100,000 in bail bonds. Earlier in the day, police detained Nazir Chohan in connection withRead More →

KARACHI- Farkhand Iqbal, the former chairman of the Capital Development Authority (CDA), was detained by the National Accountability Bureau (NAB) on Tuesday in connection with the Park Lane case. The ex-chief was apprehended in Rawalpindi on suspicion of handing over 118 kanals of government land to the Park Lane business. OnRead More →