Economy
Pakistan’s Current account posted a surplus of $128Mn in Feb
Pakistan’s current account posted a surplus of $128 million in February 2024, in contrast to a revised deficit of $303 million in the previous...
MPC decided to hold the Policy rate steady at 22%
The Monetary Policy Committee (MPC) decided to hold the policy rate steady at 22 percent in its meeting held today.
The MPC noted that despite...
Weekly SPI surged by 1.11%
The Weekly Sensitive Price Indicator (SPI) significantly increased by 1.11% WoW during the week ended March 07, 2024,
The SPI rose 32.39% YoY compared...
Remittances surged by 13% YoY in Feb’24
According to the latest data from the SBP, Workers' Remittances dropped by 6.18% MoM in February to $2.25 billion, down from $2.4 billion in...
Pakistan’s Current Account Deficit shrinks by 39% MoM to $623Mn in...
Pakistan reports Current Account Deficit of US$623Mn during the month of Apr‘22 as compared to a deficit of US$1,015 mn in Mar’22. The decline...
Govt has imposed ban on the Import of Non-Essential Luxury Items
The government has imposed a ban on the import of 38 non-essential Luxury Items under an "Emergency Economic plan".
Under the new policy, the import...
SBP raised the Policy rate by 250BPS to 12.25%
In an emergency meeting today, MPC decided to raise policy rate by 250bps to 12.25%. This strong and proactive policy response was necessitated by...
SBP maintained the Policy Rate at 9.75%
The MPC decided to maintain policy rate at 9.75%. This reflected view that domestic demand & underlying current acc continue to moderate to a...
Round 7: Pakistan and IMF starts Virtual discussion for the Extended...
The International Monetary Fund (IMF) and Pakistan would start two weeks long virtual discussions on 7th review of Extended Fund Facility (EFF) from today...
February CPI Inflation slows down to 12.2%
The inflation rate slowed down to 12.2% in February amid a double-digit increase in prices of essential kitchen items (especially a triple-digit increase in...
