FED

Reason behind surge in illegal cigarette sales is the significant increase in federal excise duty

Study advocates effective tax policy to curb evasion, provide level playing field

Global interest rates soar, underscoring urgency for structural economic reforms

There is also a proposal to gradually increase excise duty on luxury items produced in Pakistan

Speakers call for adopting plain packaging laws

Borrowing rate cut to a range of 0-0.25%, where it was during the 2008 global financial crisis

Emergency rate cuts by US Federal Reserve, global counterparts fail to tame markets

Reduces rates by half percentage point to target range of 1% to 1.25%

Emergency interventions come as sudden cash shortages drove up interest rates

Emphasises US economy has continued to perform well overall

As warning signs about a possible recession flash red, any misstep threatens to roil financial markets

CEO, however, asks govt to reduce number of taxes on auto sector

US President Donald Trump says Powell 'let us down'

Local traders say investors are shying away

Plans to cut rates later this year due to investors' expectations and US president's demand

Sees no strong case for hiking or cutting rates

Market participants focused on the Federal Reserve's policy meeting on January 29-30

President’s frustration with central bank Chief intensified after this week's interest rate increase

It is fourth increase of the year, pushing central bank's key overnight lending rate to range of 2.25-2.5%

Remains on track to gradually tighten borrowing cost; business investment growth slows down

Trump also criticizes central bank for its increasing interest rates

Makes air travel very expensive, restricts the process of documentation

Order passed in response to petition filed by stockbrokers.