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Turkey central bank keeps key interest rate unchanged

  • 2 min
Turkey's central bank has maintained its key interest rate at 50 percent for the second consecutive month, despite the country grappling with surging inflation. The bank remains vigilant of inflation risks and is poised to tighten monetary policy if needed. The government has also announced a three-year austerity plan to curb public spending and combat inflation.
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PM Shehbaz Sharif expands cabinet, inducts This key MNA

  • 2 min
Prime Minister Shehbaz Sharif has expanded his federal cabinet by inducting MNA Ali Pervaiz Malik as a state minister. Ali Pervaiz took the oath of office at a ceremony attended by notable figures, including President Asif Ali Zardari, Interior Minister Mohsin Naqvi, and Finance Minister Muhammad Aurangzeb. Ali Pervaiz was elected as MNA from NA-119 constituency of Lahore.