Washington: The US central bank has cut interest rates for the first time in four years to control inflation.

Inflation in the US, the world's largest economy, had pushed interest rates to their highest levels in two decades.

The US Federal Reserve has announced a 50 basis points cut in interest rates.

Fed policymakers also expect interest rates to be cut by another 50 basis points this year.

Wall Street also ended the day slightly lower after the interest rate cut announcement, with the S&P 500 down 0.29 percent.

Inflation, which peaked in the summer of 2022, has also slowed, Steve Sosnick, chief market strategist at Interactive Brokers, told the foreign news agency.

The decision by the Federal Reserve Bank to cut its benchmark federal funds rate from 4.75 percent to 5 percent marks a turning point in its fight against inflation.

“This decision to cut interest rates reflects our growing confidence,” Federal Reserve Bank chief Jerome Powell told reporters.

Islamabad: District and Sessions Courts Islamabad adjourned the hearing on the six bail applications of Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan and one appeal of his wife Bushra Bibi in a case till October 3.

Additional Sessions Judge Afzal Majuka heard the applications for pre-arrest bail of founder PTI Imran Khan in six cases and Bushra Bibi in one case. Founder PTI's lawyer Khalid Yousaf Chaudhary appeared before the court.

Judge Afzal Majuka said that the arrangements for the appearance of founder PTI on video link are complete. Lawyer Khalid Yusuf told the court that their partial arguments have been done, if the appearance is scheduled, keep it for detailed arguments.

The court adjourned the hearing of the case till October 3.

It is pertinent to note that six cases have been registered against the founder of PTI in police stations Tarnool, Ramna, Secretariat, Kohsar, and police station Karachi Company, while a case of Toshakhana fake receipts has been registered against Bushra Bibi in police station Kohsar.

New York: Munir Akram, Permanent Representative of Pakistan to the United Nations, said that the Fitna al-Khawarij in Afghanistan has the patronage of the Afghan Interim Government.

Addressing the Security Council meeting on the situation in Afghanistan, Munir Akram called Fitna al-Khawarij the biggest terrorist organization in Afghanistan and that it is carrying out terrorist attacks with the support of the Afghan interim government.

He said that Pakistan will continue to take action against Fitna al-Khawarij at the national level. Pakistan is ready to cooperate with regional and international organizations to eliminate the threat of Tehreek-e-Taliban Pakistan (TTP).

Munir stated that the Afghan government should follow its international obligations, the international community should not ignore its goals in Afghanistan.

He further said that there is deep concern about the humanitarian crisis in Afghanistan and the suppression of women's voices.