Jameel Ahmad, Governor of the State Bank of Pakistan. — X/@StateBank_Pak Ahmed says risk factors have persisted despite the decline in headline inflation. The addition of a future rise in inflation would not be a cause for concern. “It will take 4 to 6 quarters to see the full impact of the key rate changes.” … Read more
Sparks strike the depiction of the cryptocurrency bitcoin in this illustration taken November 24, 2024. — Reuters Bitcoin hit a record high above $106,000 on Monday after President-elect Donald Trump suggested he planned to create a strategic bitcoin reserve in the United States similar to its strategic oil reserve, stoking the enthusiasm of crypto bulls. … Read more
A logo of the State Bank of Pakistan (SBP) is pictured on a reception desk at its headquarters in Karachi, Pakistan, July 16, 2019. — Reuters SBP cuts policy rate to 13% in today’s meeting. The consumer price index for November stood at 4.9%. This brings total cuts to 900 basis points since June. and … Read more
Broker busy trading at the Pakistan Stock Exchange (PSX) in Karachi on Thursday, December 5, 2024. — PPI The stock market opened the week on a bullish note, reflecting continued optimism among investors, driven by expectations of a cut in policy rates from the State Bank of Pakistan (SBP) and improving macroeconomic indicators. Strong remittances, … Read more
Employees at a gas station attend to their customers in Islamabad, Pakistan, February 16, 2022. — AFP/File The price of petrol will remain unchanged at Rs252.10 per litre. After cutting, kerosene will be available at Rs161.66 per liter. Light diesel rates have been reduced to Rs 148.95 per liter. ISLAMABAD: The federal government on Sunday … Read more
Economists and experts participate in the show “Aakhri Mauqa” on Geo News. — screenshot/GeoNews/YouTube The Prime Minister’s aide said the IPPs had ordered the suspension of the SECP audit. Former Hubco CEO advises government to withdraw from single buyer regime. The government pays Rs 2 trillion per year to IPPs in capacity payments. As the … Read more
Electricity transmission towers are pictured in Karachi on July 26, 2022. — Reuters NTDC issues merit order for negotiations with IPPs running on expensive fuel. Halmore Power is producing electricity at a staggering rate 61.23 Rs per kWh. Uch has the lowest production cost at Rs 3.11 per kWh via natural gas. ISLAMABAD: The government … Read more
A representative image showing the FBR logo at its headquarters in Islamabad. — Website/FBR file Declarations of imported goods will be assigned to the CAU according to the new system. Introduction of incentive-based performance management for greater efficiency. Move to bring a major change in the work and overall culture of the Customs Service. ISLAMABAD, … Read more
Building of the National Electric Energy Regulatory Authority. —Nepra website/File Re 0.1957 per unit will also be charged to KE consumers. Uniform rate of Re.0.1957 per unit to be invoiced in December. Nepra announces price increase via notification. KARACHI: Due to quarterly adjustments for the first quarter of the financial year 2024-2025, the National Electric … Read more
Punjab Chief Minister Maryam Nawaz (center) pictured with participants of the Punjab-China Roundtable on December 14, 2024 in Guangzhou, China. – Provided LAHORE: On the 6th day of her 8-day visit to China, Punjab Chief Minister Maryam Nawaz Sharif invited Chinese technology companies to start operations in Punjab while chairing an investment roundtable in Guangzhou. … Read more
People cover up to stay warm during thick early morning fog at the fruit wholesale market on the outskirts of Peshawar, January 9, 2024. — Reuters The debt-to-GDP ratio is expected to gradually decline. External factors, such as the exchange rate, impact debt sustainability. Contingent liabilities remain a significant risk to debt dynamics. ISLAMABAD: The … Read more
An image of the headquarters of the Asian Development Bank (ADB). — AfDB Website/File ISPDP funding aims to reduce poverty among vulnerable women and families. Additional funding strengthens BISP’s capacity for climate resilience measures. The ADB has committed $52 billion to Pakistan since 1966 for economic development. The Asian Development Bank (ADB) has approved additional … Read more