KARACHI: Pakistan's central bank held its main policy rate at 13.25% on Friday, taking a second consecutive pause from a series of previous hikes as data pointed to a stabilizing inflation rate.
The bank last lifted rates in July by 100 basis points, raising the interest rate to 13.25%, its ninth cut since the start of 2018, as it faced rising inflation, a substantial current account deficit and downward pressure on the rupee currency.
The decision comes at a time of scrutiny for Pakistan's economy by the International Monetary Fund, which is reviewing progress on reforms agreed as part of bailout package in July.
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Pakistan's central bank holds key interest rate at 13.25%
Pakistan's central bank holds key interest rate at 13.25%
- SBP last lifted rates in July by 100 basis points
- The decision was taken since official data pointed to a stabilization of inflation rate
Sports medicine professionals gather at global event in Riyadh
- ECOSEP conference will run until April 27 at the Crowne Plaza Riyadh RDC under the supervision of the MOVE Center for Comprehensive Sports Medicine
- MOVE Center is a specialized integrated sports medicine facility, that places a focus on diagnosing, treating, rehabilitating, educating and protecting athletes from sports injuries
RIYADH: A major global sports medicine conference began in Riyadh on Thursday, with more than 60 speakers arriving in the Saudi capital from 15 countries around the world.
The European College of Sports and Exercise Physicians (ECOSEP) conference, one of the largest events in the industry worldwide, will run until April 27 at the Crowne Plaza Riyadh RDC under the supervision of the MOVE Center for Comprehensive Sports Medicine.
The MOVE Center is the first facility specialized in integrated sports medicine in the Kingdom, focusing on diagnosing, treating, rehabilitating, educating and protecting athletes from sports injuries.
Dr. Mubarak Al-Mutawa, the center’s CEO, said: “One of our main goals at MOVE is medical prevention. When I take one’s measurements and weight, and evaluate their condition, I always solve them with preventative solutions.
“The world is taking the lead toward the importance of being cautious and aware. A quality life consists of good nutrition and staying active because those factors prevent chronic conditions, such as diabetes and high blood pressure.”
Nikos Malliaropoulos, ECOSEP secretary general and a sports consultant, told Arab News that constant learning is the most important part of working in sports medicine.
“It (sports medicine) is starting to expand all over the world and I am really happy that we are here today in Saudi Arabia, opening the doors to sports exercise medicine.
“I think it is important as Saudi Arabia will host the World Cup in 10 years. So, over the next 10 years, this knowledge needs to be expanded to all healthcare professionals. This course changed my life and my practice 20 years ago. It was the motivation and the drive to develop that.”
Dr. Amir Pakravan, a consultant in sport and musculoskeletal medicine, as well as an ECOSEP board member, told Arab News that he previously had experience working in fast-paced medical environments, which prepared him for his job as a sports consultant.
When he is on the field, Pakravan ensures that he has a checklist of procedures memorized at all times, to ensure a quick response if an athlete is injured.
“What I would say to myself is to stick to the one, two, three and four of your list and check that you have done all of them. That focus on procedure is important.”
The three-day conference will host a series of workshops as well as sessions with industry leaders and officials.
It comes as an extension of efforts in the Saudi sports sector under the Kingdom’s Vision 2030.
UK announces sanctions targeting Iranian defense sector
LONDON: Britain on Thursday announced new sanctions targeting Iranian individuals and businesses in the country’s defense sector for involvement in what it said was “hostile activity” by the Iranian government.
Britain had added six designations under its Iranian sanctions regime, an official notice showed.
Elephant Madhubala to be shifted to Karachi’s Safari Park in May— state media
- Madhubala has been in solitary confinement since April 2023 when her companion, elephant Noor Jehan, died
- International animal rights organization warns solitary confinement has taken a toll on Madhubala’s mental health
ISLAMABAD: Pakistani elephant Madhubala, who has been in solitary confinement at Karachi Zoo since last year, will be shifted to Karachi’s Safari Park in May where she will be in the company of two other elephants, state-run media Associated Press of Pakistan reported on Thursday.
Madhubala, one of only three captive elephants alive in Pakistan, was brought to the South Asian country with three other elephants from Tanzania in 2009. However, has been in solitary confinement at Karachi Zoo since April 2023 after her companion, elephant Noor Jehan passed away from illness.
International animal rights organization FOUR PAWS, which has been involved in efforts to have Madhubala relocated to Karachi Safari Park, said last week the solitary confinement has taken a strong toll on her mental condition, with boredom being her biggest stressor.
Animal rights activists have long campaigned against the plight of animals in Pakistan, especially elephants, and demanded they be shifted to “species-appropriate” locations such as the Safari Park.
“According to Zoo administration, the arrangements for the transfer have been completed,” APP said. “Madhubala will join two other elephants, Sonia and Malika after relocation to Safari Park.”
A FOUR PAWS spokesperson said the organization was thrilled to see Madhubala finally getting the treatment she deserves.
“Her story is a testament to the power of collaboration and the importance of animal welfare,” the spokesperson was quoted as saying by APP.
FOUR PAWS says the elephant enclosures at Safari Park would have water elements for bathing, skincare and thermoregulation. Enrichments such as hay nets, varying substrates like soil, sand, clay, and sawdust will be provided for Madhubala to dust bathe while the area is secured by elephant-proof fencing.
Madhubala will be carried from the Karachi Zoo to the Safari Park in a huge transport crate. The elephant is currently being trained to enter and exit the crate by herself and sit inside it.
47th Saudi relief plane for Gazans arrives in Egypt
- The aid will be transported from Egypt’s Al-Arish International Airport into Gaza
- Relief is part of the Kingdom’s historic role in supporting Palestinian people in times of crisis
RIYADH: The 47th Saudi relief plane carrying medical and shelter supplies for the people of Gaza arrived in Egypt on Wednesday evening.
The aid will be transported from Egypt’s Al-Arish International Airport into Gaza.
The plane was operated by the King Salman Humanitarian Aid and Relief Center in coordination with the Kingdom’s Ministry of Defense, Saudi Press Agency reported.
The aid is part of the Kingdom’s historic role in supporting Palestinian people in times of crisis, SPA added.
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