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Inflation held steady in February before Iran war drove up gas prices, CPI report shows

The Consumer Price Index rose at an annual rate of 2.4% in February, unchanged from the prior month and representing a cooler pace than economists had forecast. The Labor Department data captures the period before the Iran war broke out in late February. Since then, oil prices have surged, driving inflation concerns among investors.  “Inflation was starting to ease in…

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PMD issues Glof alert for northern areas as several GB areas cut off for 5th consecutive day – Pakistan

The Pakistan Meteorological Department (PMD) on Sunday issued a glacial lake outburst flood (Glof) alert for Gilgit-Baltistan and Khyber Pakhtunkhwa for the first week of August. Meanwhile, commuters were stranded in various parts of GB as road access to several areas remained cut off for the fifth consecutive day due to flash floods and Glofs….

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