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Economy

SBP decided to raise the Policy Rate by 25bps to 7.25%

The Monetary Policy Committee (MPC) decided to raise the policy rate by 25 basis points to 7.25 percent. Since its last meeting in ...

Pakistan reports Current Account Deficit of US$1.5Bn in Aug 2021

The current account deficit (CAD) rose to $1.5bn in Aug21 from $0.8bn the previous month, while SBP’s foreign reserves rose to an all-time high...

MSCI Downgrades Pakistan to Frontier Market

“MSCI Inc. (NYSE: MSCI) announced that it will reclassify the MSCI Pakistan Indexes from Emerging Markets to Frontier Markets,” it said in a press...

CPI Inflation recorded at 8.4% in August

Pakistan's Yearly Inflation in August 2021 was 8.4% as compared to 8.4% in July 2021. The CPI reading in Ausust 2020 was at...

Pakistan’s four energy companies secured an offshore exploration contract from UAE blue-chip ADNOC

Pakistani energy companies won big in Abu Dhabi, with four of them securing an offshore exploration contract from UAE blue-chip ADNOC. The contract is...

Pakistan reports Current account deficit of $773mn in July 2021

Pakistan reports Current account deficit of $773mn in July 2021 as compared to the compared to a deficit of $1.6 bln in Jun21. While,...

Government approves the hike in Petrol Price by Rs. 5.40/litre

The federal government has approved increasing the price of #petrol by Rs5.40 per litre said Special Assistant to Prime Minister on Political Communication Shahbaz...

CPI Inflation increased by 10.9% on YoY in May 2021

CPI Inflation Rate (New Base 2015-16) increased by 10.9% on year-on-year basis in May 2021 as compared to an increase of 11.1% in the...

MPS: SBP maintained the Policy rate at 7%

At its meeting on 28th May 2021, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 7 percent. Since its last...

Pakistan posts Current Accout Deficit of USD200Mn in April 2021: SBP

Pakistan reports Current Account Deficit of $200mn for the month of April 2021 as compared to a deficit of US$510mn in April 2020, 61%...

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