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 also start easing soon. Speaking at Karachi Chamber of Commerce and Industry (KCCI) on Monday, Reza Baqir said exchange rate… Continue reading

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 promote investment in the country and thus economic growth,’ said the Governor of State Bank of Pakistan, Dr. Reza Baqir… Continue reading

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 central banks, with market based exchange rate, use to contain inflation,” Reza Baqir said speaking at Federation of Pakistan Chambers… Continue reading

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 severe criticism from business community as well as general public.[the_ad id=”31605″]Engr. Daroo Khan Achakzai, President of the Federation of Pakistan… Continue reading

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.[the_ad id=”31605″]According to Monetary Policy Statement issued by the central bank, economic data released since the last Monetary Policy Committee (MPC) meeting in January 2019 indicates that the… Continue reading

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 heels of a 15% correction in CY17. “Lackluster performance of the stock market in the previous two years is attributable… Continue reading

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 Feb’19 versus a rise of 1.0% registered in the previous month. Housing & utilities (CPI weightage 29.4%) continues to be the largest… Continue reading