Economy
Government Greenlights Tax-Heavy Budget Ahead of Crucial IMF Loan Talks
Pakistan’s parliament on Friday passed the government’s tax-heavy finance bill for the coming fiscal year ahead of more talks on a new bailout with...
LSMI output surged by 5.8% YoY in April
In April 2024, Pakistan's Large-scale Manufacturing Industries (LSMI) production dropped sharply by 8.14%, down from 115.78 in March 2024.
However, on a month-on-month basis,...
SPI surged by 1.3% WoW
According to data released by the Pakistan Bureau of Statistics (PBS), the Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 1.3%...
Pakistan Aims for reaching IMF Staff-Level Agreement in July: FM Aurangzeb
Finance Minister Muhammad Aurangzeb said Thursday the federal government was hopeful of reaching a staff-level agreement with the International Monetary Fund (IMF) in July...
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...
Petrol Prices Skyrocket: Hit a Record High of Rs. 159.86/ltr, increased...
The government has jacked up the price of petrol by Rs12.3, taking it to a record high of Rs159.86 per litre as a global...
SBP-held Foreign Exchange Reserves surged by 10.2% WoW to stand at...
The foreign exchange reserves held by the central bank surged 10.23% on a weekly basis.
On February 4, the foreign currency reserves held by the...
