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Policy rate hike
Express Tribune ·
The SBP's decision to hike its benchmark policy rate by 50 basis points to 12% comes in a bid to insulate the domestic economy from a widening Middle East war. With the geopolitical crisis stoking persistent energy price risks and disrupting critical global shipping routes, the central bank's…
Stan Wawrinka bid farewell to tennis as he brought the curtain down on a decorated 24-year career following a first-round exit at the Basel Open on Tuesday. The 41-year-old Swiss announced earlier in the season that his last tournament as a professional would be the ATP 500-level event in his home…
Kylian Mbappe apologised on Tuesday after the Real Madrid star was dropped by major Chinese brands for apparently joking about Mao Zedong in a video that has gone viral. The row deepened when, despite La Liga also apologising, state-owned China Media Group (CMG) said Chinese state television was…
Carlos Alcaraz won his opening match at the Vienna Open on Tuesday with a straight-sets victory over Karen Khachanov, while Alexander Zverev survived four match points to beat Martin Landaluce in a marathon encounter. World number three Alcaraz saw off the former eighth-ranked Russian 6-4, 7-6 (7/5)…
FIFA will carry out a series of visits to candidate host cities in Spain, Portugal and Morocco in November and December as part of the venue selection process for the 2030 World Cup, world football's governing body said on Tuesday. A FIFA delegation will visit candidate cities and stadiums in all…
A Sydney court on Wednesday scheduled a committal hearing for Feb. 24, 2027, for Naveed Akram, accused of carrying out the deadly Bondi Beach shooting, after prosecutors sought a 17-week extension to consult victims and their families, local media reported. Akram is expected to appear via video link…
Canada and the United Arab Emirates signed a comprehensive trade deal to lower barriers between the two economies and boost investment, the governments said, as Prime Minister Mark Carney seeks to expand trade and investment ties at a time of tension with the United States. Carney and Abu Dhabi…
The Saudi-led coalition in Yemen said it intercepted and destroyed a Houthi ballistic missile fired toward the western Saudi city of Taif early on Wednesday as authorities issued emergency alerts in Jeddah and Yanbu. Saudi Civil Defence later announced the all-clear in both areas. It did not specify…
Pakistan on Tuesday urged Iran and the United States to honour their commitments under the Islamabad Memorandum of Understanding (MoU) and return to negotiations as the United Nations Security Council (UNSC) debated Iran’s nuclear program. Pakistan is a key mediator between the US and Iran. Its…
A US nuclear-powered submarine with 160 crew, including seven Australians, has docked south of Perth for maintenance ahead of becoming the first vessel to begin regular AUKUS rotations from WA next year.