Monetary Policy Statement
1. At its meeting today, the Monetary Policy Committee (MPC) decided to cut the policy rate by 100 bps to 12 percent, effective from January 28, 2025. The Committee noted…
Financial system showed steady performance and soundness, says the SBP Financial Stability Review 2023
State Bank of Pakistan (SBP) has issued its annual flagship publication, the Financial Stability Review (FSR) for CY2023, which is prepared and published in terms of requirements prescribed in sub…
Motiwala extends full support to interim govt in dealing with economic crises, inflation, cost of doing business
KARACHI: Chairman Businessmen Group (BMG) Zubair Motiwala, while warmly welcoming the positive gestures shown by Caretaker Prime Minister Anwar ul Haq Kakar during meeting with the business community of Karachi,…
Analysts expect lower inflation in July, no change in policy rate
KARACHI: Sherman Securities its inflation forecast for July 2023, expecting a year-on-year decline to 25.3% from 29.4% in June, due to high base effect. However, the monthly inflation is likely…
Pakistan’s GDP growth at 0.29% in FY23
The National Accounts Committee (NAC) released National Accounts for FY23 based on provisional numbers. The estimates of GDP growth for FY23 came out to be 0.29% compared to 6.10% growth…
Urea prices do not have any impact on food inflation
Karachi: The fertilizer industry is playing a critical role in ensuring food security and managing food inflation in Pakistan through adequate and affordable supply of urea at one fifth the…
CPI Inflation clocks in at 12.6% for December 2019
KARACHI: Consumer Price Index (CPI) for the month of December 2019 rose 12.6 percent as compared to a similar increase of 12.7 percent registered in November 2019. On a MoM…
Economy showing signs of improvement: Governor SBP
KARACHI: Governor State Bank of Pakistan (SBP) Reza Baqir has said the economy had begun to show signs of improvement, adding that with measures were in place and inflation would…
Governor SBP highlights results of reforms and measures for ease of doing business
KARACHI: ‘The reforms to address the macroeconomic challenges faced by the economy are now beginning to bear fruit and improvement in the external sector has become visible. Restoring stability will…
August 2019 CPI clocked in at 10.5 percent
KARACHI: As per press release issued by Pakistan Bureau of Statistics (PBS), CPI inflation in August 2019 stood at 10.5% YoY (with new base year) while recorded 11.6% growth on…
Interest rates to remain high until projected inflation comes down: Governor SBP
KARACHI: Governor State Bank of Pakistan (SBP) Reza Baqir has said the interest rates would remain high until and unless projected inflation comes down. “Monetary policy is a tool that…
Headline inflation increased by 0.78% MoM in May
KARACHI: Consumer Price Index (CPI) inflation stood at 9.11% YoY during May 2019; moving up by 0.78% MoM on the back of higher food inflation, whereas higher motor fuel prices…
Business community denounce fuel price hike
KARACHI: Government raised the fuel prices by up to 6.45 percent for April, which follows 50bps hike in interest rates and an ongoing currency devaluation cycle; the move has invited…
State Bank of Pakistan increases policy interest rate by 50bps to 10.75 percent
KARACHI: The State Bank of Pakistan (SBP) has increased the policy interest rates by 50 bps to 10.75 percent effective April 01, 2019.According to Monetary Policy Statement issued by the…
Low GDP growth, higher inflation, currency devaluation, interest rate hike ahead
KARACHI:Two months into 2019, the Pakistan Stock Exchange (PSX) benchmark KSE-100 Index is up by around 5.4% after witnessing a decline of around 8% during CY18 that came on the…
Re-emergence of food inflation lifts CPI 8.2pc
KARACHI: Consumer Price Index (CPI) for the month of Feb’19 rose 8.2%YoY as compared to an increase of 7.2%YoY registered in Jan’19. On a MoM basis, CPI incremented 0.6% in…
State Bank of Pakistan raises interest rates by 25bps to 10.25pc
KARACHI: Contrary to the market expectations and to the dismay of business community, the monetary policy committee of State Bank of Pakistan has decided to raise the policy rate by…
Strategy being devised to guard marginalised sections against inflation: Khusro
ISLAMABAD: Federal Minister for Planning, Development & Reform & Statistics Division Makhdum Khusro Bakhtyar has said that the Government is devising a holistic strategy to guard the marginalized sections of…
Subdued food inflation limits consumer price index (CPI) rise to 6.2pc
KARACHI: Consumer Price Index (CPI) for the month of December 2018 clocked-in at 6.2 percent as compared to 6.5 percent registered in November 2018. Housing & utilities (CPI weightage 29.4…