WASHINGTON: With US inflation high and the Federal Reserve expected to hike interest rates within months, President Joe Biden said on Friday he had faith in the central bank’s ability to manage price increases while ensuring that businesses keep hiring. “I want to be clear: I’m confident the Federal Reserve will act to achieve their … Read more
WASHINGTON: The US consumer prices jumped last year at the fastest pace in four decades, the government confirmed on Wednesday, underscoring the potent inflation wave that has sapped public support for President Joe Biden even as the economy recovers from the pandemic. The seven per cent increase in the Labor Department’s consumer price index (CPI) over … Read more
WASHINGTON: The US retail sales rose 1.7 per cent in October, amid surging inflation, the Commerce Department said on Tuesday. Retail sales totaled $638.2 billion in October, 16.3 per cent above October 2020, according to the report. September’s retail sales were revised up from an increase of 0.7 per cent to 0.8 per cent, the … Read more
The Securities and Exchange Commission of Pakistan (SECP) will extend its One Stop Shop (OSS) facility for company registration to Baluchistan and KPK. SECP Commissioner Shaukat Hussain, Commissioner (SECP) said this while speaking at the launching ceremony of Government of Balochistan’s plan for Transformation of Traditional Businesses into Corporate Bodies. Shaukat apprised the audience that … Read more
Sindh government has increased the monthly wages of the laborers. The Secretary Labor Department of Sindh Abdul Rashid Solangi has issued a notification that the monthly wages of the non-technical workers have been increased to at least Rs.17500. Notification will be applicable from 1st July 2019, while the order will apply to non-technical labor working … Read more
