Two presidential ordinances are approved by the federal cabinet. Channel News Pakistan

ISLAMABAD (ANews): Two presidential ordinances were adopted by the federal cabinet on Friday. Two presidential ordinances were adopted by the cabinet during a meeting presided over by Prime Minister Shehbaz Sharif. According to sources, the Madrasa registration-related Societies Registration Amendment Ordinance was approved. The Income Tax Ordinance, which intends toContinue Reading

Taiwan's scientific government warns that chips may suffer from spending cuts. Channel News Pakistan

Taipei (Reuters) : After opposition parties enacted legislation mandating cuts to economic and technology investment, Taiwan’s science ministry issued a warning on Friday that funding for sectors including semiconductors, artificial intelligence, and aerospace might be slashed by T$20 billion ($609.11 million) for the upcoming year. The governing Democratic Progressive PartyContinue Reading

INR: A record low is reached by the Indian rupee. Channel News Pakistan

As expiring non-deliverable contracts and currency futures increased demand for dollars, the Indian rupee (INR) plunged to its lowest level ever on Friday. Meanwhile, importers panicked and bought dollars. Before the central bank’s intervention helped to reduce sharp losses, traders said the Indian rupee fell to an all-time low ofContinue Reading

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