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Mexico central bank says rate hold decision unanimous

MEXICO CITY: Mexico’s central bankers were unanimous in their decision to hold interest rates at a record low earlier this month, with the majority signaling slack in the economy persists while the inflation outlook remains positive, minutes showed today. Central Bank board members voted 5-0 at their July 11 meeting [...]

Brazil to boost credit to counter economic slowdown

RIO DE JANEIRO: Brazil’s central bank announced measures to boost credit in the country’s ailing economy, one week after keeping its benchmark interest rate at its highest level in over two years to fight inflation. The bank said in a statement it was freeing up an estimated 30 billion reais [...]

IMF urges steady implementation’ of Ukraine loan programme

WASHINGTON: The International Monetary Fund urged Ukraine’s leaders to press forward with “steady implementation” of economic reforms agreed with the fund, a day after the prime minister tendered his resignation. A fund spokesperson said the IMF’s Managing Director Christine Lagarde spoke by telephone with Ukrainian President Petro Poroshenko and Prime [...]

Deceptive marketing: CCP summons Internet providing Cos officials

Weekly Corporate Watch The Competition Commission of Pakistan has summoned the officials of the internet service providing companies in the country for practicing the deceptive marketing in violation of the CCP’s rules. The Commission has sent letters to 8 companies PTCL Evo, Wateen, Qubee, Nayatel, Micronet, Comsats, Nexlinx and Cybernet, [...]

Govt should complete mandated period: Sirajul Haq

Amir, Jamaat-e-Islami Pakistan, Sirajul Haq has said that the present government of Pakistan Muslim League (PML-N) should complete its mandated period, saying his party would not support any unconstitutional move that could lead to winding up of the democratic system in the country. Talking to APP after addressing a gathering [...]

A farewell to reason

When I pulled back the curtains of my hotel room in the morning, it was raining and the sky was heavily overcast. It felt like an impressionistic painting framed in the large window, a dream-like vista that sets you in a romantic mood. My heart leapt up when I beheld [...]

Deals in hell for heaven

When it comes to prescribing solutions to issues and challenges facing Pakistan, or processes to ameliorate them, there is no shortage of opinions and analyses. Many of these are intelligent, informed and relevant – indeed excellent. Many are not. But even the latter are not irrelevant because they often better [...]