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 "Skyrocketing Loan Rates: A Financial Challenge!" "Central Bank's Q1-FY22 Report Shows Private Sector Credit Surge." Commercial banks have raised lending rates to a record high of 24.62%, suggesting the central bank may increase its benchmark policy rate to a new all-time high next week. This surge in lending rates has negatively impacted the government, the largest borrower from commercial banks in recent years. Additionally, it continues to discourage the private sector from borrowing funds for their businesses, prolonging economic challenges. Market speculation indicates the central bank may raise the policy rate by 1.5 percentage points to 23.5% on September 14 to address high inflation caused by rising power and petroleum prices. The central bank reported that commercial banks increased the benchmark six-month Karachi Inter-bank Offered Rate (Kibor) by 1.02 percentage points to 24.62% on Thursday compared to 23.60% on Wednesday. This surge in Kibor followe...

 "Urgent plea: Global focus needed on US arms abandoned in Afghanistan." "FO Spokesperson Mumtaz Zahra Baloch addresses border situation." In an official statement issued today, the Foreign Office (FO) spokesperson, Mumtaz Zahra Baloch, addressed the escalating tensions along the Pakistan-Afghanistan border. The spokesperson expressed grave concerns about the situation, emphasizing that the world must turn its attention to the alarming development of weapons left behind in Afghanistan during the US withdrawal now falling into the hands of Afghan terrorists. During the weekly media briefing held in Islamabad, Mumtaz Zahra Baloch reaffirmed Pakistan's unwavering commitment to combat terrorism within its borders. She highlighted the proactive stance of Pakistan's security agencies in eradicating this menace. Moreover, the FO spokesperson revealed that Pakistan had already conveyed its concerns to the interim Afghan government regarding the recent incidents alon...

 "Babar Azam & team touch down in Colombo for the exciting IND vs PAK clash at Asia Cup 2023!" Pakistan's skipper, Babar Azam, along with his team, has arrived in Colombo, Sri Lanka, gearing up for their Super 4 clash against arch-rivals India in the Asia Cup 2023. This highly anticipated showdown is scheduled for September 10th at the iconic R. Premadasa Stadium. The Men in Green have already made a strong start, securing a victory in their opening match against Bangladesh. With this win, Pakistan aims to maintain their winning momentum as they prepare to face the formidable Indian team. In a recent milestone, Babar Azam achieved a remarkable feat by surpassing India's star batter, Virat Kohli. During the Super 4 match against Bangladesh at Lahore's Gaddafi Stadium, Babar contributed 17 runs off 22 balls before falling victim to Bangladesh's pacer, Taskin Ahmed. However, this knock propelled him to a new world record of 2000 ODI runs as captain, achieved ...